home

Re: £4k Loan needed, 18 years old, no credit history

  •  Sun, Jun 07 2009, 1:39 PM

    Re: £4k Loan needed, 18 years old, no credit history

    Hi,

    All my family are in the motor trade, and what i explained above has been the plan for some time.

    Its possible that i may only need to borrow £3000, but then wait a little longer, as im sure i can save up a further £1000 in a couple of months.

    I have identified the car, priced at £4k, i'm confident i can haggle them down to £3500 or less, alternativley, i will purchase from auction (i go every week), as i am aware there is a reserve on the same car for £3000, but that one has higher mileage.

    Please do not try to change my decision, because it has been made for a while and i have the full support of all my family and friends.

    Without trying to sound big headed, a "banger" or "cheap runaround" would not fit in with my lifestyle, my mother wouldn't allow me to park it near our house haha

    Can anyone put me in the direction of some lenders? im not bothered about the interest as long as its not over 70%, because my financial budget would only allow upto 70% interest over te desired timescale.

    Thanks in advance

    • Post Points: 35
View Complete Thread