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PCP Vs Bank Loan & other questions.
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They most likely would.0
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So they are offering me 3% at the soft credit check stage & your saying they could push this up to 23.9%?
They can offer you any rate - you wont know until you apply. Ignore the soft credit check stage as you wont of put all your relevant details that can and will have an effect on your risk profile.0 -
If your own bank (who has the best picture/understanding of your finances - and therefore go in to this without taking as much of a punt) has bumped its rates up by so much then it is more than likely other lenders (who will be taking a greater risk) will do likewise.0
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Putting a large deposit into a pcp deal will see it disappear when the term is up. I am not a fan of pcp anyway and always go down the bank loan route for a low finance loan then run the car for as long as possible0
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