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Posted: Thu Jun 11, 2009 8:52 pm
by rosalyn
Hi there, my car is broke and i need a new one. My company are happy that i get one for same amount i pay now. My question is how can i get one? the car i have now will pay off the hpi once sold. so effectiveley i need a new one. Can i get hpi or not?

thanks

Posted: Thu Jun 11, 2009 8:55 pm
by kallis3
Hi,

You can try this firm, who are sympathetic to financial problems:

http://www.duncton.com/jsp/index.jsp

Posted: Thu Jun 11, 2009 8:58 pm
by rosalyn
Thanks for that but 34% is ridiculous really. My ip seems to think hpi may not be a prob, i had it b4 iva but would obviously need it now im in my agrteement.

Posted: Thu Jun 11, 2009 11:33 pm
by plasticdaft
34% is very steep but reflects the risks involved in dealing with impaired credit lending.

Posted: Fri Jun 12, 2009 9:43 pm
by Adam16
by HPI I am presuming you mean Hire purcahse agreement.

You will struggle to gain a better rate than 30%APR as said due to the risk involved. As part of my IVA proposal I reviewed downgrading my vehicle, this was virtually impossible due to my damaged credit rating and due to my current vehicle being on a very competitve APR circa 8% it wasnt financially viable.

Posted: Fri Jun 12, 2009 9:49 pm
by kallis3
At least you know that there shouldn't be a problem with Duncton - you may struggle elsewhere.

I presume they have a high APR as they are taking on a higher risk.

Posted: Fri Jun 12, 2009 9:54 pm
by plasticdaft
I wonder if my IP would let me get the Maserati at £1400 a month??

Posted: Sat Jun 13, 2009 12:02 am
by Adam16
plasticdaft wrote:

I wonder if my IP would let me get the Maserati at £1400 a month??
erm somewhat unlikely! LOL[:D]

Posted: Sat Jun 13, 2009 9:07 am
by stoneyB
Funny thing is I am more able to pay a car loan than I was before IVA

Posted: Sat Jun 13, 2009 9:47 am
by Adam Davies
Hi
Duncton cars are reasonable deals considering that they may well be the only company dealing with adverse credit at the moment.
Regards

Posted: Sat Jun 13, 2009 10:34 am
by kallis3
PD - I think the insurance allowance would be a bit beyond you as well![:D]

Duncton have had some excellent press on here - high APR or not.

At least people are able to get a new car if they need one.

Posted: Sat Jun 13, 2009 10:37 am
by ivas4us
if you want a car and its the only option unfortunately you have to pay a higher apr