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Old 29 January 2003, 09:13 PM
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Plantie
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Hi,

What is a good rate for car finance at the moment....???

Also where have you found this rate!

Cheers

P.
Old 29 January 2003, 09:31 PM
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SiDHEaD
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i just got 11% apr apparently this isnt too bad.

Those dodgy car supermarkets have over 20% APR!!!!

Andy
Old 29 January 2003, 09:39 PM
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apples24
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thatsnothing, ive worked in used car garages as manager, ive pushed out guaranteed finance deals at 22% flat, thats per year!!!!! work that out on a 4 year finance package
Old 29 January 2003, 09:40 PM
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apples24
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oh and iaveraged at 48% apr

[Edited by apples24 - 1/29/2003 9:41:03 PM]
Old 29 January 2003, 11:30 PM
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darlodge
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The APR on my finance (that I have just paid off) was 9.4%. I know the AA were doing it cheaper than this, but I needed the finance sorted fast so I could take the car away.

Darren
Old 29 January 2003, 11:42 PM
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Reffro
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If anyone will agree to an introduction to my sister (no not like that!!!) she works for a bank who will do a loan for 7.8%apr for new or used cars. If you want the details of how to apply, drop a line to my profile address and I'll get her to call you.
Old 29 January 2003, 11:44 PM
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pslewis
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4.99% APR

Mortgage Account - why pay more??

Pete
Old 29 January 2003, 11:57 PM
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darlodge
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what would scooby, are you taking about flat rate or APR?

My finance agreement was 4.5%(I think) Flat rate and 9.4% APR.

Darren
Old 30 January 2003, 09:02 AM
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P1Fanatic
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Get a personal loan. Means u own the car from day 1. Means if u sell it (never know when u might need to) you can without having to pay the loan off first or have potential buyers worried that u have oustanding finance on the vehicle. Also you will get lower interest and better terms e.g. no or less penalty for early payment.

If ur smart u can pay 0% finance using the gazillion credit cards offering 0% finance at the moment - some up to 10 months!

Simon.
Old 30 January 2003, 09:05 AM
  #10  
what would scooby do
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I was talking about APR chap !, if you shop around you can get private finance at 7.9% APR (Alliance & Leicester I think) - car dealers - just haggle, prepare to walk away if your not happy !
Old 30 January 2003, 09:26 AM
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P20SPD
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agee with what would scooby do

you can definately get betwwen 7 and 9% apr easily, just be prepared to haggle or walk away
Old 30 January 2003, 09:32 AM
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Richard Askew
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WWSD - I have had to delete one of your posts as it contained an unacceptable word

Regards

Rich

ps is your Dumpvalve still for sale?
Old 30 January 2003, 09:38 AM
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pslewis
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I repeat, why pay more than 4.99% APR?????

Pete
Old 30 January 2003, 10:25 AM
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rik1471
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Because you need a mortgage.
Old 30 January 2003, 11:07 AM
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darlodge
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I don't like the idea of adding a car to a mortage. I'd would be paying for a car worth 10k over 25 years.

When my mortage starts soon, I will be paying well over £100k in intrest over 25 years. I don't want to increase that.

Darren
Old 30 January 2003, 12:42 PM
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MattN
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interest free is the best rate I've come accross
Old 30 January 2003, 12:55 PM
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nigelward
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darlodge

Although the car is added to the mortgage you would over pay the mortgage by £x a month so that the car loan portion of the mortgage is paid off in say 3 or 4 years, rather than the full 25 year period of the mortgage.

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