Finance Questions

Posts Tagged ‘airfare’

Question: Car Finance question in the UK only!?

My girlfriend has a good credit rating, earns £18,000 per year and has worked in her current job for 2 years, she already has a car which she pays finance on, which has always been paid on time, she has credit card, always paid off every month, contract mobile, paid every month etc, basically never misses a payment so good credit rating. She went to garage today to apply for finance on a car at £7,995, the salesman told us that usually Finance Companies want 10% deposit but they do offer a 0% deposit option, so she applied for that, what are the chances of approval? She only has 2 payments left on the other car, the salesman was just a little pushy about the deposit, if you need a deposit so much for approval why would they offer a no deposit option? Any advice appreciated. Remember she has a good credit rating, never any missed payments, and just wants to know the likelyhood of approval. Thanks

Answer: big Rip off merchant stay away do not touch with a ten foot barge pole .. the best way is to contact her Finance Company who she has the car with and a good credit rating and get a personal loan that way she can walk into a dealership with pound notes cash using her car as part ex and getting the Finance Company to send the dealership a cheque for the remainder much cheaper way of doing business and no slimy car salesman getting a kick back off the deal

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Question: whats my chances of a loan?

yeah i dont have the best credit rating....i got mobile ph service default....the bank im with has taken my credit off me but hasnt defaulted me yet....i got an incosistent car repayments on car financing company atm im $400 short....im not the best cookie out to be honest...i want to get personal loan of abpout $7000 and i could transfer $5000 into my savings if that helps improve my chances...anyone a broker?! I live in australia and earnt $60k last financial year in a contracting job and have been with them for 2.5years and am currently boarding and payong $90/week pay me car $90/week aswell n need about $200/week to run my sales business and abiout $150/week for food n misc.

Answer: Aussie answer, not a spam one.
You really need to get your existing car loan back on track. It doesn't look good for you if your bank has taken back their credit card, however at this stage, you say, they have not recorded a default on your credit file.
Credit providers have really tightened up their requirements since the GFC meltdown. Don't like your chances, because I would normally say go to your bank.......your bank would probably prefer you went far away.
Short answer = no bloody chance.

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