We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Loan Apr on soft search
Hi all,
1st post for me - coming to the end of a difficult 6years of finances. Survived with only a smallish dent and back on the mend (2 kids and childcare costs! What a killer!)
Anyway, I'm after a new car - a car is a must for me due to work and other commitments so can't be without.
Having done some soft quote on Nationwide (loyal customer ) just trying to get my he's round it. The front page advert or 3. Something. Loan rate looked good.
Did my soft quote for 13k over 5 years and comes back as 6.8%, still makes payments under my set budget.
Cause the Apr went up does this mean I'm unlikely to be accepted?
Did a 2nd quote to try and make sense of it, for 15k and the Apr come back at 4.1%
Can someone clear this up - am I like to be accepted or are they just giving me figures for no reason???
Happy to post more info if needed
Cheers
Onechance
1st post for me - coming to the end of a difficult 6years of finances. Survived with only a smallish dent and back on the mend (2 kids and childcare costs! What a killer!)
Anyway, I'm after a new car - a car is a must for me due to work and other commitments so can't be without.
Having done some soft quote on Nationwide (loyal customer ) just trying to get my he's round it. The front page advert or 3. Something. Loan rate looked good.
Did my soft quote for 13k over 5 years and comes back as 6.8%, still makes payments under my set budget.
Cause the Apr went up does this mean I'm unlikely to be accepted?
Did a 2nd quote to try and make sense of it, for 15k and the Apr come back at 4.1%
Can someone clear this up - am I like to be accepted or are they just giving me figures for no reason???
Happy to post more info if needed
Cheers
Onechance
0
Comments
-
Thats a big amount over 5 years, why you going for £13000/ £15000, dont forget the extra costs involved with having a car. Lenty of used cars around for less than the amount your looking or.0
-
Really?
The car I'm looking at is 18k i have a 5k deposit and have worked out my affordability and reduced that figure to make it even more comfortable.
What is considered reasonable to spend on a car?
The additional cost of having a car are already accounted for. Currently driving a BMW so now about large unexpected bills!!!
Running costs, insurance etc are significantly lower on the car I'm looking at.
I understand there are cheaper cars but there's cheaper everything isn't there?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.3K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards