Archive for the ‘UK Car Loan’ Category

PostHeaderIcon Car loan and Experian score of 790?

I’m new to the UK and should be starting work next month and my wife is working now. I need a car and have enough to purchase it outright but want to finance half in order to build credit. I have no pre-approvals from my bank and they told me that I could only get a loan from them if I owned a home but I don’t. From what I am finding out is that there is no financial institution in the UK that will give secured loans using a fixed deposit as collateral. Is this true? Also my Experian score is 790 is this good, bad, or indifferent? On their site it says the score is "fair". Does anyone have any advice on how I can get some financing to purchase a used car if I am paying for half of it and willing to secure the other half with a fixed deposit? Thanks in advance.
I haven’t checked with car dealers because I’m new to the UK system and have had no previous credit here and not employed until next month. I just found out my credit scoring and wanted to get some feed back. The better deals on used cars are through private sales and I would have to secure financing on my own for that. I used to live in the USA as well and their system is a lot easier than the UK’s trust me. Here they are very systematic. I find it ten times easier to build credit in the States. Will the 790 Experian score help me to secure dealer financing even though I’m not exactly "hired" at this particular moment?

Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool – carinsurance.deep-ice.com

PostHeaderIcon HELP i need to get hold of 300 hundred uk pounds to get my car fixed?

im not working start my job monday my car head gasket has gone ive tried provident no use logbook loans wont do it as car is non runner ive waited long enough for job this goes and happens someone must know a place which loan me that over short period im in lancashire only uk answers please thank you for looking

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PostHeaderIcon Should the UK govt offer mortgages and car loans directly to the public instead of pouring money into banks?

borrowing is at an al time low, car finance is now almost impossible to get.

if the govt offered credit worthy people loans for house purchase and car purchase would that help to kick start the UK economy in the motor and construction industry.

it has been announced that the british car show has been cancelled for the first time since the second world war because of the financial situation

if banks will not lend then should the govt not lend instead?

what the government should have done was waited til the banks were at the lowest price, bought them, sacked all the managers, hired new competent people, offered mortgages loans etc, waited til the value of the stock rose, sold the banks off and given the tax payer all of the proceeds

thats how a free market really works
not the shambolic example of corporatism we are witnessing

Does a UK company offer a personal contract purchase ( PCP ) finance loan to buy a car abroad such as the US?