Anyone with Welcome Car Finance?

james32_uk

I MAY soon buy a car from Welcome Car Finance. I notice that there is a sign up in their showrooms offering a Recommend a Friend and both get £200 deal. If anyone wants to say they recommended me then please PM me. I guess I'll need your full name and address.

Obviously I cant say it'll certainly happen but better a chance of us both getting £200 than nothing.

Thanks

gettingitsorted

The only thing i would reccamend is not getting a car from welcome finance.

immoral_angeluk

Unfortunately we're with Welcome.. just make sure you read ALL THE SMALL PRINT.... we're forever finding new 'suprises'...

james32_uk

Ha ha. Yes, I've been warned about that - thanks. My situation is a little unusual and I don't have any other options.

medman

gettingitsorted wrote: »

The only thing i would reccamend is not getting a car from welcome finance.

Here! Here!

Have you explored options thoroughly? Often there are ways of financing a car purchase without taking out really expansive loans from Welcome.

Top tip: Check what the total amount repayable is and it will be a real eye opener, they will be reluctant to show you, I would insist!!

Good luck

MM

immoral_angeluk

james23_uk wrote: »

Ha ha. Yes, I've been warned about that - thanks. My situation is a little unusual and I don't have any other options.

Neither did we.. we managed to get an APR of 24.1% with them which is good as their typical is 27.9. We heard a couple in the next room get told their APR was going to be 50.1%!!!!

natters_2

I wouldn't recommend them either purely from a high interest point of view - but if you have no alternative options what can you do!

We were supposed to pay monthly - they take it weekly - although the interest was calculated over the 48 month term we will pay it off at least 2 months early - and no chance of getting the interest back either as they front load it

Paula4040

I would recommend that you go anywhere other than Welcome Finance. Their interest rates are extremely high and they will not work with you when you find things in your agreement that you were unaware of. I have car finance with them - although I didn't know it was with them until after I had signed the agreement. The same happened with a personal loan - which has turned out to be a mortgage. I am really going to try and get away from them - they are a very difficult company to deal with.

james32_uk

So anyone want to be the friend who recommended me?

immoral_angeluk

james23_uk wrote: »

So anyone want to be the friend who recommended me?

I will if you like... what's the deal?

james32_uk

immoral_angeluk wrote: »

I will if you like... what's the deal?

OK. All I know is what I put in my above post. If you PM me your name and address then I'll say you recommended me to them if I get a car through them. We should then both get £200, although it seems there'll probably some small print somewhere which means we don't qualify.