Car finance?

notthebestyear

Hi


I wondered if anyone could possibly give me some guidance. I don't have the best credit history in the world. But wondered if this would make it more difficult getting car finance?


I am unsure if it is, because obviously the finance will be secured against the car and obviously if payment isn't made (which it will be) they have a right to remove the car.


Any advice would be grateful.

The_Boss

Car finance tends to be a little easier to obtain as the loan is secured on the vehicle. You don't pay back, they take the car back.

What do you mean by not the best history though? Defaults? Lots of missed payments?

notthebestyear

The_Boss wrote: »

Car finance tends to be a little easier to obtain as the loan is secured on the vehicle. You don't pay back, they take the car back.

What do you mean by not the best history though? Defaults? Lots of missed payments?

I have a couple of defaults and missed an O2 payment (but I terminated my contract with them when contract was up for renewal) so in contact with O2 about it.

The_Boss

Ouch, well I'd say it's unlikely that you'll get anything and if you do the rate would not be the best.

What are the dates of the defaults?