Announcement

Collapse
No announcement yet.

Car finance - poor credit options?

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Car finance - poor credit options?

    Hi all, I'm looking at possibly financing a car but don't really know my options. Basically I have a poor credit rating due to issues in the past (Experian put me in the second to bottom category), I don't know if this rules me out entirely or if I can use a guarantor? I earn a relatively decent wage now but clearly these things take a long time to clear up.
    TheCorsa's friendly predator

    I like my women like I like my laptop. Thin, virus free and on my lap



  • #2
    When did you last check credit history?

    Comment


    • #3
      A month or two ago
      TheCorsa's friendly predator

      I like my women like I like my laptop. Thin, virus free and on my lap


      Comment


      • #4
        Did it show up any negative things? Any old bank accounts in your name etc??

        Why don't you get a credit card for around 2-3 months pay off in full then cut it up.


        Will help

        Comment


        • #5
          Originally posted by jt999 View Post
          Hi all, I'm looking at possibly financing a car but don't really know my options. Basically I have a poor credit rating due to issues in the past (Experian put me in the second to bottom category), I don't know if this rules me out entirely or if I can use a guarantor? I earn a relatively decent wage now but clearly these things take a long time to clear up.
          I've used credit to buy nearly all of my cars. Even sub-1000 ones that I could have afforded with cash anyway. Reason? It's easier and it improves your credit score.

          I've had 4 "personal" loans in 3 and a bit years. All for cars. I'd strongly suggest giving personal loans a look at. Obviously take the best interest one you can find. Think one of mine wa with AA finance. For 1200. Over 12mk the I paid back a smidge over 1400. To me that isn't a bad deal at all, it meant I could buy what I want, and not really "feel" myself paying for it, and after a year it was paid....
          |> Spec2 R33 Skyline GTS-T <|

          Comment


          • #6
            Depends on car value reslly

            Comment


            • #7
              You're getting that hummer??

              Comment


              • #8
                As Vegas said, identify what is giving you a bad score and try to rectify.
                Originally posted by Vegas
                When I hit boost me fuel runs out

                Comment


                • #9
                  Originally posted by Vegas View Post
                  Depends on car value reslly
                  Undecided, all depends on how possible it is. I haven't decided on a car yet (didn't seem worth it if I wasn't sure on the finance options).

                  Originally posted by Hoggy View Post
                  You're getting that hummer??
                  Haha, I wish

                  - - - Updated - - -

                  Originally posted by Coleman View Post
                  As Vegas said, identify what is giving you a bad score and try to rectify.
                  I think most/all are resolved but they hit my rating quite hard
                  TheCorsa's friendly predator

                  I like my women like I like my laptop. Thin, virus free and on my lap


                  Comment


                  • #10
                    Is it likely to be sub 2/3k or is it brand new car around 10k for example

                    Comment


                    • #11
                      I have looked at around 2-3k but also up to around 5.5k (5.5k would definitely be most I'm willing to spend, with at most 5k of that being credit)
                      TheCorsa's friendly predator

                      I like my women like I like my laptop. Thin, virus free and on my lap


                      Comment


                      • #12
                        2/3k I'd be tempted more with an overdraft.

                        Comment


                        • #13
                          Originally posted by Vegas View Post
                          2/3k I'd be tempted more with an overdraft.
                          Not sure I'd get one with my bank
                          TheCorsa's friendly predator

                          I like my women like I like my laptop. Thin, virus free and on my lap


                          Comment


                          • #14
                            If you're with Hsbc still I could have a butchers..

                            Comment


                            • #15
                              Originally posted by Vegas View Post
                              If you're with Hsbc still I could have a butchers..
                              That'd be cool

                              Oh and the direct debits to those porn sites are totally not mine
                              TheCorsa's friendly predator

                              I like my women like I like my laptop. Thin, virus free and on my lap


                              Comment

                              Working...
                              X