Car insurance - no electoral roll trace.....

A4445

Somerset_La_La_La wrote: »

That's really lucky - The APR at most insurance companies is in the 20-30%+ range anyway, so if they aren't loading for BR that's ok.

Just spoken to Admiral - explained I've got 2 quotes so the bloke was laughing and saying well why, which one are you going for the cheapest!? So I explained it's £1,500 difference between the 2 (these are 2 fresh quotes I've just done) and asked if they credit score.... no.

Asked if Bankruptcy was an issue.... no (unless you pay monthly). "We don't ask that so you don't have to put it" and he advised just using the quote I've got now as I'll be totally honest - I'll be giving my correct name, correct DOB, correct address, correct location of vehicle overnight.... it's up to them to generate a price based on that.

I still think credit scoring has come into it somehow, because there's no way my quote would be that high here otherwise - but he's said take the £900 quote at the new house.

Only issue now is getting the car on finance with any luck... apparently one lender are offering 7.5k @ 32% APR, which is incredibly cheap given the circumstances!!

I'm shocked they they will lend 7.5k :eek:

TheGardener

Somerset_La_La_La wrote: »

Only issue now is getting the car on finance with any luck... apparently one lender are offering 7.5k @ 32% APR, which is incredibly cheap given the circumstances!!

Wow - Are you sure you want so much credit already? :eek: I would be a bit surprised if they let you borrow anything let alone that much but if you have a guarantor or they are happy with poor credit it may work.

[Deleted User]

Haha same - it's expensive and secured on the car though. Deposit and a couple of months payments and they're quids in if I default - they just flog the car!

A4445

I waited 5 years and 10m befor applying for anything after my BR. I didn't even consider applying for anything until then. Even now I wouldn't take a car on finance. I saved up and bought my current car outright.