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Car Loan

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Comments

  • wizzywig27
    wizzywig27 Posts: 1,536 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Ok, quick update, rang ford today (after he promised me a call) - got approved for the car with Ford Credit (presumably the best option with low APR - well I hope so anyway). Not sure of fine print yet as going to sign tomorrow.

    I also got my statutory report today from equifax, two searches on there from yesterday, so other four must be experian.
  • kuohu
    kuohu Posts: 913 Forumite
    Part of the Furniture
    Crikey that's a lot of money. I'm guessing you'd be paying back, what, £10k? (Or more?)

    The smart money would be to get something WAY cheaper for a couple of years whilst you rebuild your credit rating. (And at the same time save the extra that you would have spent on the Fiesta).
    DFW Nerd 035
  • wizzywig27
    wizzywig27 Posts: 1,536 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    kuohu wrote: »
    Crikey that's a lot of money. I'm guessing you'd be paying back, what, £10k? (Or more?)

    The smart money would be to get something WAY cheaper for a couple of years whilst you rebuild your credit rating. (And at the same time save the extra that you would have spent on the Fiesta).

    Hello, did you read the post above and referring to the ford finance post, or the one previously which referred to APR of 26%?

    I decided not to take the 26% APR one and go for ford finance which should be in the 7% region
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