Car Finance 247 - anyone used them?

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Rach80

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Post by Rach80 » Thu Jan 19, 2012 5:22 pm
As it says really, has anyone had any experience of this company? I made my last payment on my IVA on Tuesday and have been accepted for a car loan by this company today with an APR of 13%, which they've said will fluctuate depending how many years I take the loan over...
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kallis3

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Post by kallis3 » Thu Jan 19, 2012 5:26 pm
I personally haven't heard of them but that interest rate is quite good.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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kazzafunk

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Post by kazzafunk » Thu Jan 19, 2012 5:33 pm
Hi Rach - I've not heard of them but the reviews on the net look ok. Let us know how you get on!
Kazza

Please visit my blog:
http://kazzafunk.blogs.iva.co.uk/

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Rach80

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Post by Rach80 » Thu Jan 19, 2012 5:38 pm
I hadn't but found them on the internet last night and looked at some reviews - they sound almost too good to be true, so thought I'd check on here too. They had my credit report in front of them with the IVA still showing as active, but have still approved me with that APR rate.

The guy I spoke to said that they're an online car dealer with lenders for bad credit, so they have their own car stock and will find whatever car you want.

Looking at all the information I could find, they are based in Manchester and the cars have to be collected from there when you sign all the paperwork(or they can deliver for about £200). They give you 7 days free insurance and all cars come with 12 months MOT and are serviced.
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Rach80

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Post by Rach80 » Thu Jan 19, 2012 5:40 pm
They don't allow you to buy a car from another dealer as they cannot guarantee the quality of them and they have high standards apparently!
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kallis3

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Post by kallis3 » Thu Jan 19, 2012 5:44 pm
They sound ok. Pity we don't appear to have anyone who has ever used them.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Foggy

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Post by Foggy » Thu Jan 19, 2012 5:55 pm
Could be a useful find -- looking forward to an update :-)
My opinions are merely that .. opinions based on experience. Always seek professional advice.
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Rach80

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Post by Rach80 » Thu Jan 19, 2012 6:02 pm
That's what I thought Foggy! Had spoken to CarLoans4U and looked at Moneybarn and it didn't look too good with them, and their APR was 42!

I'm just taking my time in replying to their request for my proof of identity etc until I've found a little bit more out about them.

Will keep you posted...
Last edited by Rach80 on Thu Jan 19, 2012 6:03 pm, edited 1 time in total.
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plasticdaft

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Post by plasticdaft » Thu Jan 19, 2012 7:00 pm
How much does the APR fluctuate? I think the 13% is to reel you in! Are the cars on offer at comparable prices to normal garages?

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

orange

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Post by orange » Thu Jan 19, 2012 7:05 pm
cant recommend car loans for you had bad experience with them ! good luck in finding a loan
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Rach80

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Post by Rach80 » Thu Jan 19, 2012 7:07 pm
Not sure Paul - they said 13% is what the lender is offering me and I did say I was surprised due to the IVA. Apparently, at this stage, I'm still under no obligation, so will get as much info as I can.
Take a look and see what you think: http://www.carfinance247.co.uk/used-cars/stock.htm
Last edited by Rach80 on Thu Jan 19, 2012 7:09 pm, edited 1 time in total.
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Rach80

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Post by Rach80 » Thu Jan 19, 2012 7:08 pm
Thanks orange. CarLoan4U didn't really seem that helpful - just more or less said no without a 15-20% deposit.
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orange

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Post by orange » Thu Jan 19, 2012 7:10 pm
be careful seek advice,dont know how desperate you are for car though? can someone else do loan and you repay them?
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Rach80

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Post by Rach80 » Thu Jan 19, 2012 7:23 pm
I am desperate for a car as mine is just chugging along nowadays and won't go through the next MOT due soon. Where's the best place to seek advice? There's no-one else who could lend me the money unfortunately.
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kev59

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Post by kev59 » Thu Jan 19, 2012 8:00 pm
looking at there site, can see how much a week. but.
How many weeks?
What is the total price for car?
Having this week fould a ford focus 1.6 ghia 2005 for £3700
This was for a friend with cash in hand,
Would like to know how much there are asking for there 2006 ghia
IVA now over with and it was worth it.
now starting my life again,
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