Can I Get Approved for Car Finance with an Average Credit Rating?
September 24, 2011
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.
Hi, I have a fairly good credit rating of 760 which is above the national average. Yet still I am having problems getting credit as over the years I have stayed away from having credit. I'm on the electoral role, no missed payments. Can you help as I woul
Asked by Louise
September 24, 2011
Hi. I am looking to get credit for a new car. I wonder how I will get on. I want to buy a car worth £16700 and put down £5000 deposit. I have a salary of £52k per year. My credit report reads 371 with equifax which I believe is average. I moved house in D
Asked by Liam Simpson
September 24, 2011
Hi Liam, as you have a large deposit, a good income and some current clean credit i'm confident we'd get you approved for the amount you need. Please apply when you get a moment. Regards, Rachel
The most recent one was settled in may that April that was for £500, 1 was settled in march that was £700 and 1 was settled in 2009 but in September that will be removed from my file as it will be 6 year old. I'm happy you think you can sort me out but re
Asked by Kev
September 24, 2011
Hi Rachel, I have an Experian score of 821 fair. I have 1 default from 2008 and that's all. I am currently paying of a credit card so that's all the remaining credit to pay off. I have just settled my loan too. I am just wondering if i can get credit for
Asked by John
September 24, 2011
Hi Rachel, that's great news. I would be looking at 4 year finance just to make sure I have left plenty for a rainy day too :) Few more questions before I make the application – I can see many adverts on the internet for the car I desire with desired feat
Asked by Aivars
September 24, 2011
Hi Aivars, it may well be worth while waiting for the licence to materialise as we'll need to see a copy. As the funds have to go direct to the dealer you wouldn't be able to get any of the loan sent directly to you. We could potentially give you cash back but you may as well just place a lower deposit into the deal. £11,500 over 4 years would give you a payment of approx £320 per month. What car have you seen as we also supply vehicles. Kind Regards, Rachel
I have a fair credit rating of 761 but limited credit history. I have only held a bank account for about a month and didn't have one previously. I have a Kia Picanto 2004 model to be traded in for about £1000 in cash. Would i need a guarantor or can i get
Asked by Chelsea Reynolds
September 24, 2011
Hi, my credit report is telling me i have a fair reading and everything says excellent except the electoral roll part! I have lived at one address for over 10 years until last year. I have a mortgage & I have a credit card but I don't owe anything on it.
Asked by Chris
September 24, 2011
Hi Rachel, I recently approached a Mazda dealer looking for car finance as my car is currently due to scrapped for parts due to damage. When applying for finance I was unsuccessful so I was pointed to check Experian which I could see by my credit at the t
Asked by Darren Taylor
September 24, 2011
Hi there, I have an experian credit score of 743 (fair) but I have a defaulted account that was made defaulted by a company by accident and they are trying to resolve this for me. I was looking to finance a new BMW worth about £22000 over 3/4years and I h
Asked by Courtney
September 24, 2011
Our Manchester based team are ready to help you.
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CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).
CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).
Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.
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