Car Loan Warehouse & Car Finance 24/7

biged670

Hi, has anybody used any of these brokers? If so, are you able to share your experiences?

Thanks

bamgbost

I have recently used car finance 24/7. they were ok tbh.
Cant say a bad thing about them really. Except they couldn't tell me the APR rate, until I had decided on a car, exact amount to the penny, etc. Which was fair enough.

Quick, straight forward etc.

I have only had the car a month though. So not had any reason to need their help, etc. And I pray I don't!

If there's anything more specific you wanted to know. Let me know.

biged670

bamgbost wrote: »

I have recently used car finance 24/7. they were ok tbh.
Cant say a bad thing about them really. Except they couldn't tell me the APR rate, until I had decided on a car, exact amount to the penny, etc. Which was fair enough.

Quick, straight forward etc.

I have only had the car a month though. So not had any reason to need their help, etc. And I pray I don't!

If there's anything more specific you wanted to know. Let me know.

Thanks for your reply... Did you manage to find a car with one of their dealers ok? Are their APR rates OK? Application process smooth?

bamgbost

biged670 wrote: »

Thanks for your reply... Did you manage to find a car with one of their dealers ok? Are their APR rates OK? Application process smooth?

Yes I got a car with a dealer I found , who they had previously had dealings with.

They have a few rules you need to follow e.g. Recent car (8yrs old max) and under 120,000miles. other than that they were ok.

APR varies I think depending on your credit score. And Mines aint great, but still got a reasonable rate.

biged670

bamgbost wrote: »

Yes I got a car with a dealer I found , who they had previously had dealings with.

They have a few rules you need to follow e.g. Recent car (8yrs old max) and under 120,000miles. other than that they were ok.

APR varies I think depending on your credit score. And Mines aint great, but still got a reasonable rate.

Thanks again for your info... They have sent me a list of their dealers and there seems like plenty to choose from. Are there any other rules they have?

How far down the line are you told the APR rate? I understand its client specific but just wondering if they crank it right up. Are there any hidden charges or fee's?

bamgbost

biged670 wrote: »

Thanks again for your info... They have sent me a list of their dealers and there seems like plenty to choose from. Are there any other rules they have?

How far down the line are you told the APR rate? I understand its client specific but just wondering if they crank it right up. Are there any hidden charges or fee's?

Not many other rules mate. But now you remind me... they are sneaky with Hidden charges / Fees!! They do not mention this at all. Until you see it on the documents you need to sign. Their fee was almost £400 if I remember correctly. (Sorry busy @ work cant remember). But it gets added to the end of the loan. So although you don't pay it upfront, it forms a hefty part of the repayment "interest".

Quite unfair they don't mention it, til you see it yourself. By that time, you already in cloud 9 dreaming about driving the car. So you have to make a decision if to proceed r not.

That's about all I can tell ya.

biged670

Cool, thanks again mate. I'm still trying to gather some feedback as to which company to go with. Thanks for your help though.