This is just a general question at the mo
But can you get finance to buy a private sale car
I mean the type where you put down a deposit pay monthly payments & then pay the balance after 3 years or whatever
Does anyone know ?

Cheers
Paul

Still fancy another P1


[Edited by Fulham71 - 6/27/2002 10:21:18 AM]

 

Yes allience and leicester do this.

eg.

Borrow 15k,repayments £325 per month for 3 years pay back £6600 after 3 years, or carry on paying finance a low rate (as you hahve already paid most of the interest)

 

Bank can do a secured or non-secured loan on a car I believe.

Similiar... probably get a better rate but not sure about a balloon at the end though.

You change your car more often than I change my underpants Paul

JGM

 

I read somewher to check the early repayment terms on these sort of deals carefully as you may end up paying back more than a 2 month interest penalty - all the interest over the original loan period. Could sting if you pay off after a year or so and took it out over 3/4 yers.

Cheers

Richard

 

Can be secured on the car if you are buying it as a company vehicle through a Bank, if not Alliance and Leicester is the only High street Bank I am aware of with this type of deal. Check the APR out unless you are definatly going to change the car after the full period, as you may find some nasty suprises with early settlement clauses