I'm in a debt management plan. Can i get car finance?
April 26, 2012
Total cost of credit | £ 2000 |
---|---|
Total repayment | £ 2000 |
48
monthly
payments of |
£
245
98
|
Rates from 9.9%: the exact rate you will be offered will be based on your circumstances, subject to status.
Representative example: borrowing £25,000 over 48 months, £3,750.00 deposit, on PCP, with annual mileage of 8,000pa, and a representative APR of 11.9%, an annual interest rate of 11.9% (Fixed), the amount payable would be £394.51 per month, an optional final payment of £7,194.33, with a total cost of credit of £9,912.36 and a total amount payable of £28,444.33.
We look to find the best product from our panel of lenders and will offer you the best deal that you’re eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.
What do you mean by hire purchase exactly and would the £4000-£5000 be a deposit or to buy the car outright? We could use our current car a ford focus as a part exchange? Ideally would prefer to make payments to have a car of our own at the end.....
Asked by Nathalie
April 26, 2012
Hi Rachel, I have been on a dmp for 12 months. All payments are up to date and have never been missed. My current debt is £32k. I have never had any ccjs and have an income of £45000 per annum. I am on the electoral roll and all mortgage payments are up t
Asked by Chris
April 26, 2012
Hi, me and my wife entered into a DMP which has been active for almost two years now. We are on the voters roll, never miss a payment and both of us are full time employees. We desperately needed to replaced our family car. I still have estimated debt of
Asked by Daniel
April 26, 2012
Hi, I was in a well paid job and got made redundant just over year ago. I got another job straight away but the pay was significantly less than what I was on. I missed a lot of payments on cards and a personal loan and I have now chosen to go on a debt ma
Asked by Darren W
April 26, 2012
Hi, i have a potential job as a staff nurse so need a reliable small engine car. HNS leasing do 0 per cent deposit and monthly payments of £100. I am on electoral roll, mortgage with no arrears and am earning £27-34500 per annum. My husband earns £32500 p
Asked by Ruth Masterson
April 26, 2012
Hi, I currently have £1400 left to pay on my car and it's an Astra sports hatch 1.6 sxi with 61000 miles on the clock probably worth about £4500.
Asked by Robert
April 26, 2012
I am in a debt management plan and have been for approx 6 years. I recently got a credit card etc no probs but was one for rebuilding bad credit. Although things are tight I make my payments every month. I'd like to borrow approx £3-4k and I have my car a
Asked by Carol
April 26, 2012
Hi Rachel, I am about to enter a DMP which will take me just under two years to complete. My total debt is around £5000. Would it be possible for me to get finance to fund a car? My credit score on Noddle is currently 1/5. Would I be able to get finance
Asked by Leanne
April 26, 2012
Hi, I a currently on a DM Plan and my car is coming to the end of its leasing time. I would either like to buy it or get another one which cost £10,000. I have never missed a DM payment and i am in full time employment. Could I borrow the money to buy m
Asked by Jacqui
April 26, 2012
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