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Hire purchase or car loan

Last post Tue, Mar 09 2010, 9:45 PM by maxsteam. 1 replies.
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  •  Tue, Mar 09 2010, 9:45 PM

    Re: Hire purchase or car loan

    The best way is to spend no more than the £1700 that you have on a car.

    Because of the defaults, you will not get a good loan rate although you may get finance through a dealer. There is a big difference between settling a loan and settling car finance if you decide that you want to end the agreement early, perhaps to change car again. With car finance, you may be asked to pay close to the total of all future payments to settle. With a personal loan, the lender can only charge you for the time that you've borrowed plus two months' installments.

    • Post Points: 5
  •  Mon, Mar 08 2010, 1:05 PM

    Hire purchase or car loan

    Hello. I want to get a hire purchase/car loan of any type to buy a car. Looking to buy a car worth 8000 pounds.

    Got a 3 defaults, which are over 2 years. Got no CCJ's, bankrupcy or repossessions. Got credit cards and phones which bills have been fairly well paid on time. I am self employed and cn put down a deposit of about 1,700 pounds.

    Need to buy the car asap. Pls advise me as to what the best way to finance the purchse, which company and rates I can get. am loking to buy a merceedes benz e200 from 2004 from any dealer. How feasible is it for me to get finance with my circumstance.Pls include any contact nos in your reply.

    Thx.

    • Post Points: 20