Car finance - good rate?

born_again

anony-moose said:

I checked the eligibility link above which has given me a better idea of what to expect. It seems to be for personal loans rather than a car loan. Is there any difference? I think the banks also offer car finance, such as HP? Is car finance looked upon more favourably than a loan or credit card debt, in terms of credit score/rating?

The eligibility link said that I was 100% guaranteed a loan with MBNA at 7.6% and then 95% for one with Tesco at 6.1% representative (not guaranteed).

If I apply for the Tesco one and they offer a higher rate, will it hinder my chances of getting the MBNA one? I have a really good credit score, which went down a tiny bit recently when I took out a new SIM only deal, but it's still 'excellent'. Am I most likely to get the 6.1% rate? I don't want to ruin my score/rating. 

I also have the option to borrow £11.5k via money transfer on my existing credit card - 0%, but it's only for 1 year and 5% fee. Obviously cheaper to do that, but a little uncertain of what I do after the year is up. If I do manage to transfer it then I get a more fees which start to add up.

Really appreciate all your help this far. Thank you all. :-)

Forget your credit score. It means noting to lender, as it is never seen by them.