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Car finance: where, who is right for me?
Hello,
I have poor credit and I desperately need a car. I have approached the companies that lend to people like me: Zuto and All cars All credit. I know about their high APR, etc.
But they have minimum amounts that they lend £3000 to £4000 and the monthly payments will be high for me: £150-£250. For that money, you can get a much better car with an ordinary finance company if they will lend to you.
I need to borrow only £1500 or so for a fairly decent car and pay about £50-£80 per month for the loan.
Does anybody know of a car finance company that will do this?
Thanks
I have poor credit and I desperately need a car. I have approached the companies that lend to people like me: Zuto and All cars All credit. I know about their high APR, etc.
But they have minimum amounts that they lend £3000 to £4000 and the monthly payments will be high for me: £150-£250. For that money, you can get a much better car with an ordinary finance company if they will lend to you.
I need to borrow only £1500 or so for a fairly decent car and pay about £50-£80 per month for the loan.
Does anybody know of a car finance company that will do this?
Thanks
0
Comments
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If you have poor credit then no mainstream lender will give you credit at low APRs.
Your choice is to go with a company with a high APR, or save. That's it.
Plus - even if you had a squeaky-clean credit history, you don't get low APRs from mainstream lenders on low amount loans. To give you an example, my bank (Clydesdale) charges 24.5% on loans from £1k - £3k."Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0 -
Yes understood the APR would be high0
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You could always borrow more than you need and immediately make a lump sum payment to it.
Check a lender's T&Cs to see if they allow it."Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0 -
coould try and borrow more and repay soon0
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How on earth do I post my own enquiry please?0
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Hi, I have finally finished paying my car loan off on the 19th of September and noticed that barclays partner finance charge £199 completion fee. Do I need to pay this seems a lot on top of the final payment
Regards
Jane0 -
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Hi, I have finally finished paying my car loan off on the 19th of September and noticed that barclays partner finance charge £199 completion fee. Do I need to pay this seems a lot on top of the final payment
Regards
Jane
yes you probably have to pay, if it was specifically a car loan and not a personal loan used to buy a car, they generally have this payment at the end. The loan agreement will tell you.0
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