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Best way for car finance?
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BallerinaGirl
Posts: 88 Forumite
in Loans
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???
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???
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Comments
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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.
I'm sorry, I don't apologise. That's just the way I am. Homer (Simpson)0 -
inmypocketnottheirs wrote: »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.
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