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Posted: Thu Jan 23, 2014 7:24 pm
by mazbrown
My car(2002 astra with 125000 miles ) finally died on the way home from work ... The clutch went . :-(

I wanted to keep my car until November , this was when the iva would come off my credit file .

I couldn't sleep all night due to me needing a car for work .

Today I went to a local garage and spotted a 2010 astra SRI .

£7850 !! , really nice car .

Spoke to the sales manager and was honest about my situation .
He said they deal with a local finance company that look after local people .

I said there's no way they would give me finance , he said you've nothing to lose .

Anyway , I applied and recieved a phone call from the managing director of the company !

He asked me a few questions and went over my iva ( sent him the certificate before hand )

He said at the end , I will give you a chance - we will Lend you the money :-)))

7% , £208 per month for 3 years with £1000 deposit .

There is decent people in this world .

What a nice guy , personal service :-)

Pick up the new wheels tues

Posted: Thu Jan 23, 2014 7:44 pm
by Struzzo39
Fab post. Happy motoring

Posted: Thu Jan 23, 2014 7:47 pm
by Foggy
Excellent! I guess one of the things he had the sense to realise is that, if nothing else, the IVA shows a pretty good track record of being able to make a hefty repayment every month :-)

Posted: Thu Jan 23, 2014 8:44 pm
by kazzafunk
Great news - enjoy the car!

Posted: Thu Jan 23, 2014 9:13 pm
by luluj
Great news .... Happy motoring !

Posted: Fri Jan 24, 2014 9:43 am
by Shining
That is great news - enjoy your car.

Posted: Fri Jan 24, 2014 10:55 am
by bridgey
Great news.. sounds very much like the 'David Fishwick approach' (Bank of Dave fame) to lending

Posted: Fri Jan 24, 2014 7:22 pm
by MelanieGiles
Sensible approach from presumably a local finance company.

Posted: Fri Jan 24, 2014 9:17 pm
by mazbrown
Thanks all , local finance company Mel

Posted: Fri Jan 24, 2014 11:14 pm
by plasticdaft
Brilliant. Enjoy the car!!

Paul

Posted: Sun Jan 26, 2014 6:15 pm
by 12 months to go
great post and great news for you

funnily enough i was reading somewhere on internet yesterday , that local lenders tend to be more flexible and have competitive APRs in many cases. i wondered how this could be the case, but its obviously true in many cases

well done for getting through your IVA & like me , being able to resume a normal life afterwards.

Posted: Sun Jan 26, 2014 6:51 pm
by Adam Davies
Hi

Great post and a sensible approach by a finance company, no computer involved by the sounds of it !!

Regards

Posted: Mon Jan 27, 2014 6:18 pm
by orchid5
Agree with all the above and very good point made by Foggy re payments. Thankfully not all finance people are dinosors!