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Best way for car finance?

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Hi all,

Need your advice!

We need to upgrade our car, I need a car for work and it needs to be reliable and something to last. We were thinking about £7000 to spend.

The last car finance we had was through British Credit Trust, which were ok. As my credit history is poorer than poor, I need to get with a company who is going to treat me fair.

BCT were fine and always seemed fair, and we paid our car off after a remortgage a few years back.

Whats everyone's thoughts and ideas on who to try for this please???

Comments

  • What ever you do, I would advise that you do not fall into the trap of remortgaging to pay off another loan. 5% interest over 25 years costs a hell of a lot more than 20% over 5 years.
    Don't lie, thieve, cheat or steal. The Government do not like the competition.
    The Lord Giveth and the Government Taketh Away.
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  • greyteam1959
    greyteam1959 Posts: 4,710 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    What ever you do, I would advise that you do not fall into the trap of remortgaging to pay off another loan. 5% interest over 25 years costs a hell of a lot more than 20% over 5 years.

    Sound advice here

    Myself I would get my finances sorted before I spent £7000 on a new car.
    I am sure you can find a good reliable car for half that money.
    :D:D:D
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