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Author finance
bazzaa
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Registered: 14th Jan 10
Location: Carluke, South Lanarkshire
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15th Mar 11 at 22:47   View User's Profile U2U Member Reply With Quote
anyone know what age you can finance a car from arnold clark

is it 18 thanks
Tom G
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Registered: 4th Aug 08
Location: Cheshire
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15th Mar 11 at 22:48   View User's Profile U2U Member Reply With Quote
18, I needed a guarantor, don't do it.
bazzaa
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Registered: 14th Jan 10
Location: Carluke, South Lanarkshire
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15th Mar 11 at 22:52   View User's Profile U2U Member Reply With Quote
thanks
AndyKent
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Registered: 3rd Sep 05
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15th Mar 11 at 23:05   View User's Profile U2U Member Reply With Quote
Any kind of credit needs you to be 18 minimum, loan, credit card, whatever.

You'll get a better rate from your bank in any case, not the dealer.
belton
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Registered: 23rd Jul 09
Location: Kent
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15th Mar 11 at 23:14   View User's Profile U2U Member Reply With Quote
Was gunna say you will get a much better rate from the bank
Pop
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Registered: 8th May 03
Location: Reading
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15th Mar 11 at 23:15   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by AndyKent
Any kind of credit needs you to be 18 minimum, loan, credit card, whatever.

You'll get a better rate from your bank in any case, not the dealer.


There is every chance dealer finance will be significantly better than a bank loan at the moment. Has been the case for the last few years.
ecclesturbo
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Registered: 6th Jan 08
Location: staffordshire
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15th Mar 11 at 23:16   View User's Profile U2U Member Reply With Quote
save up for it,then you wont be in debt
AndyKent
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Registered: 3rd Sep 05
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15th Mar 11 at 23:19   View User's Profile U2U Member Reply With Quote
Dealer borrows cash from a bank like any other company. Unless they take a hit on it, I'd be surprised if you can find better.

Certainly been the case when I've looked lately - if I'm mistaken then I'll hold my hands up. Maybe its just the dealers who've quoted me.
Pop
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Registered: 8th May 03
Location: Reading
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15th Mar 11 at 23:23   View User's Profile U2U Member Reply With Quote
Buying new or used makes a difference. New you could be around 5.9% apr with used being slightly higher if the dealer takes all commission loading out of it. Again, I will hold my hands up if things have changed in the last few months but when I was selling car finance and also when I took finance on a car last May the banks were nowhere near.

[Edited on 15-03-2011 by Pop]
Pop
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Registered: 8th May 03
Location: Reading
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15th Mar 11 at 23:37   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by ecclesturbo
save up for it,then you wont be in debt


That doesn't always make the best monetary sense to do. Also, why tie up your own savings in a depreciating asset when you can use someone elses money for what is sometimes a small difference in interest paid compared to earnt in your savings account.
Toby
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Registered: 29th Nov 05
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16th Mar 11 at 09:36   View Garage View User's Profile U2U Member Reply With Quote
I got finance from Ford at 4.8% just over a year ago no bank could touch that surprised they offered it to me as that was the rate for brand new vehicles only
Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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16th Mar 11 at 09:41   View User's Profile U2U Member Reply With Quote
Finance from dealers is cheaper at the moment if you have a deposit and in some instances you can still get 0% with £99 deposit but expect to be paying over the odds for the car.
adiohead
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Registered: 28th Sep 01
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16th Mar 11 at 13:17   View User's Profile U2U Member Reply With Quote
pics of those wheels?
John
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Registered: 30th Jun 03
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16th Mar 11 at 13:19   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Toby
I got finance from Ford at 4.8% just over a year ago no bank could touch that surprised they offered it to me as that was the rate for brand new vehicles only


Was that 4.8 APR or the other one, a dealers 4.8 is normally about 13% APR.

 
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