Guaranteed Car Finance - No Deposit

Welshpk

We are all getting of the point I know all the insides and outsides of such schemes but I was asking for first hand information on the companies and places offering this facility

AndyMc.....

Welshpk wrote: »

We are all getting of the point I know all the insides and outsides of such schemes but I was asking for first hand information on the companies and places offering this facility

So you know no one will lend you money if you haven’t The means to pay it back.

Bit of a non thread.

Geodark

I looked around these a while ago when I got my last car, didnt get quotes but some of the quoted figures were eye watering! I ended up going with the AA for their car loan - rates were reasonable, and my credit history isnt brilliant, not terrible, but not good if you know what I mean. Cracking service though and would definitely recommend them. Money was in my account within a week, meaning the car was on my drive within 10 days - all happy and smily at this end

Just read the full thread - yeah, if you havent got the means to pay it back then how can you lend it? and as said - if the bailiffs are after you or you think they might be then ticking a car on is definitely not a good idea. Get a job, use public transport and then think about getting a car.

forgotmyname

I presume you had an income though the OP appears not to have any money coming in yet need to spend £3k or £4k on a car.

The OP appears not to have enough to live on now and yet wants to add £3k or £4kfinance to this. Even though they say bailiffs are chasing them.

And they have a TT99 it seems. This story will have lots of twists and turns i think. A multipart novel at the very least.

Herzlos

Tt99 is totting up?

That's going to mean insurance won't be cheap either. With poor credit you might not get any.

Welshpk wrote: »

need a fairly decent car.

What's fairly decent and why do you need that? You can get nice cars for £500. They won't impress the neighbours but they'll allow you to save up for something nice.

Bailiffs won't take a financed car, but probably won't take one that's worth nothing at auction either.

These car credit places will charge you at least twice what the car is worth, and the at least twice more in interest. You'll be paying premium prices for the absolute dregs of the market.

vansboy

You wont find ANY of these 'dealers' as one being better than the other.


As mentioned, you will have a cheap car at high price, plus higher repayments.


You would be better - not better, but slightly better off, borrowing from the lowest interest rate you can find, even from the less 'moneysaving' lenders, but sourcing your own cheaper car.


At least that way, you will only be stuffed onc way/


VB

AndyMc.....

Herzlos wrote: »

Tt99 is totting up?

That's going to mean insurance won't be cheap either. With poor credit you might not get any.



What's fairly decent and why do you need that? You can get nice cars for £500. They won't impress the neighbours but they'll allow you to save up for something nice.

Bailiffs won't take a financed car, but probably won't take one that's worth nothing at auction either.

These car credit places will charge you at least twice what the car is worth, and the at least twice more in interest. You'll be paying premium prices for the absolute dregs of the market.

Other than additional finance, what’s the link between poor credit and motor insurance?

AndyMc.....

vansboy wrote: »

You wont find ANY of these 'dealers' as one being better than the other.


As mentioned, you will have a cheap car at high price, plus higher repayments.


You would be better - not better, but slightly better off, borrowing from the lowest interest rate you can find, even from the less 'moneysaving' lenders, but sourcing your own cheaper car.


At least that way, you will only be stuffed onc way/


VB

Without any income who’s going to lend to him?

Mercdriver

AndyMc..... wrote: »

Other than additional finance, what’s the link between poor credit and motor insurance?

They often ask if you have a CCJ against you. and they may not allow the OP to pay in instalments. If OP has a TT99, then very high insurance that he has to pay upfront.

AndyMc.....

Mercdriver wrote: »

They often ask if you have a CCJ against you. and they may not allow the OP to pay in instalments. If OP has a TT99, then very high insurance that he has to pay upfront.

Who asks about CCJ’s when quoting?