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Concept Car Credit

mollys_mum
mollys_mum Posts: 11 Forumite
Hi all, just after any reviews on Concept Car Credit...
Got a Volvo T4 but with petrol prices it's a little expensive too run,so looking at getting a car cheaper to run!! Now otherhalfs credit files are pretty good, he has just got a mortgage, but he is unable to get a loan,(I think it's because we have literally just moved and he has only had his bank account only a couple of months), doing his thing online, concept car credit has popped up... He has an appointment with them tomorrow at three!!! He has found a review site where there is an awful lot of good reviews, with the same names of sales persons cropping up!!! But something is not sitting well with me... It feels all these good reviews are too good to be true!!
Is it worth going along to see what they can offer us, or should we just tighten our belts for a few more months and get a bank loan and buy a car from a garage in which no appointment is nessecary??
TIA...

Comments

  • forgotmyname
    forgotmyname Posts: 32,972 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    50,000% interest?

    Or you buy a 20 year old car for 10 times more than its worth?

    Or a mixture of both?

    Website looks promising, 19.9% APR typical which may mean if you dont need a loan you may get that low. Anyone that actually needs credit will be 50% ?

    No cars listed with prices. So i guess £5000 for an 8 year old mondeo that i bought for £2000 2 years ago?

    I could be wrong but nothing on their website to say otherwise.

    Finance, The only thing on a car to last forever...
    Censorship Reigns Supreme in Troll City...

  • daveyjp
    daveyjp Posts: 13,758 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Taking out a loan to buy a new car to gain a few mpg is foolhardy. The only way to save money is a straight swap between your car and the new one.
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