Car Finance Companies

HannahRebecca

Hi,

Can anyone recommend a good company to go through to get Car Finance (Hire Purchase).

I currently have a PCP deal with TC Harrison Ford however I am giving this car back in September when it is out of negative equity to get a more affordable model I can keep on Hire Purchase! I have looked on TC Harrison with a budget of £7000 in mind as when I return my car I should get a decent pay out of at least £3000 (Some damage to drivers wheel arch knocking the price down) which I am going to use a deposit on the new car. When looking on TC Harrison it seems the average APR is 12.7% and I wanted to know if this was any good?

worried_jim

with interest rates @ 0.5% and personal loans starting from 3.6% I would say you are getting your pants pulled down and spanked @ 12.7%.

http://www.telegraph.co.uk/finance/personalfinance/borrowing/loans/10660114/Cheapest-personal-loan-rates-at-all-time-low.html

verityboo

HannahRebecca wrote: »

I currently have a PCP deal with TC Harrison Ford however I am giving this car back in September when it is out of negative equity to get a more affordable model .....................

............when I return my car I should get a decent pay out of at least £3000 (Some damage to drivers wheel arch knocking the price down) which I am going to use a deposit on the new car.

Those 2 statements don't really make sense? If just out of negative equity on the PCP how come you suddenly have £3000 equity for a deposit?

forgotmyname

12.7% is crap. On my Halifax account its offering me a loan at 3.6%.