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Car finance options with defaults
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COYBs
Posts: 2 Newbie
Hi everyone ,
I was poorly advised a few years ago to go on a DMP for 4 credit cards i had which in turn put two credit card accounts as defaults on my credit file , this was nearly 2 years ago.
2 months ago i paid off all current debt with only a £140k mortgage remaining. All defaulted accounts show as settled etc on credit file now.
My question is can anyone recommend a broker to use to get car finance for around £25k and anyone have an idea what the APR might be in my circumstances?
Or is there no chance i would even get car finance ?
My annual salary before tax is £99k with no debts apart from the 140k mortgage so after all my monthly bills i am left with around £3200 disposable income per month
I was poorly advised a few years ago to go on a DMP for 4 credit cards i had which in turn put two credit card accounts as defaults on my credit file , this was nearly 2 years ago.
2 months ago i paid off all current debt with only a £140k mortgage remaining. All defaulted accounts show as settled etc on credit file now.
My question is can anyone recommend a broker to use to get car finance for around £25k and anyone have an idea what the APR might be in my circumstances?
Or is there no chance i would even get car finance ?
My annual salary before tax is £99k with no debts apart from the 140k mortgage so after all my monthly bills i am left with around £3200 disposable income per month
0
Comments
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Car finance is easier to get than most, as there is security.
Choose the car you want and talk to the deal about their finance options.
Remember to note whether they talk about APR or flat rate, which is around half of the APR.
Is saving for a few months an option and avoid the interest all together?0 -
Thanks, waiting 7-8 months to save isn't really an option for me at the moment though zx810
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