bazzaa
Member
Registered: 14th Jan 10
Location: Carluke, South Lanarkshire
User status: Offline
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anyone know what age you can finance a car from arnold clark
is it 18 thanks
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Tom G
Member
Registered: 4th Aug 08
Location: Cheshire
User status: Offline
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18, I needed a guarantor, don't do it.
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bazzaa
Member
Registered: 14th Jan 10
Location: Carluke, South Lanarkshire
User status: Offline
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thanks
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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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.
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belton
Member
Registered: 23rd Jul 09
Location: Kent
User status: Offline
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Was gunna say you will get a much better rate from the bank
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Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
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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.
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ecclesturbo
Member
Registered: 6th Jan 08
Location: staffordshire
User status: Offline
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save up for it,then you wont be in debt
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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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.
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Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
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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]
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Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
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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.
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Toby
Premium Member
Registered: 29th Nov 05
User status: Offline
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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
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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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.
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adiohead
Member
Registered: 28th Sep 01
User status: Offline
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pics of those wheels?
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John
Member
Registered: 30th Jun 03
User status: Offline
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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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