Gower
Member
Registered: 18th Mar 01
Location: So close.....yet so far
User status: Offline
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Ok, Here's the deal:
Mr X is out of work but has some savings. He is making monthly payments to pay back a loan and for car insurance.
He's seen a car he likes and thinks that if he can sell his car and pay back loan and insurance in full and then get a finance deal on car he likes that he will then be paying out LESS per month therefore saving money.
Would it be possible for him to get finance if he has no job even though he can afford to pay it back?
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blebo
Member
Registered: 18th Apr 02
User status: Offline
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If you could afford to pay it back without working....just pay it off in one go....I assume you are using savings rather than drug money, pimp money etc  .......Dont think Mr X will get finance though
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Gower
Member
Registered: 18th Mar 01
Location: So close.....yet so far
User status: Offline
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Mr X cannot afford to pay it all in one go.
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blebo
Member
Registered: 18th Apr 02
User status: Offline
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Mr X is fucked then.....sorry
Try speaking to the credit firms.....my need a garentor (sp) as a back up incase you fail to make a payment
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Gower
Member
Registered: 18th Mar 01
Location: So close.....yet so far
User status: Offline
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Mr X is very sad now. 
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blebo
Member
Registered: 18th Apr 02
User status: Offline
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Mr Blebo is no Finace expert however so these answers are by no means final
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niven
Member
Registered: 29th Mar 02
Location: FALKIRK.. drives corsa sri turbo
User status: Offline
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no job no finance
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viera
Member
Registered: 26th Oct 02
Location: 2nd Star to the right & straight on till morn
User status: Offline
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You will need a steady income, if you can prove you have this then give it a go, if not then i would have thought no would be your answer.
No harm in trying though.
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Kayleigh
Member
Registered: 6th Jun 02
Location: England
User status: Offline
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If Mr X can find someone to back him and sign to say they will continue payment if Mr X stops then Mr X could get finance
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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With a guartentor you might get it, but a lot of finance companys are'nt offering this anymore.
I've got a pretty sh1tty credit history but I still manage to get car finance.
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sdlcrosby
Member
Registered: 24th Apr 02
Location: Milton keynes Drives: Silver Corsa C 1.2 Design
User status: Offline
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simple......get a job.... even if it is part time.....just so u can tell the bank u got a steady income.... then quit once u got the loan...
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Plymouth_Corsa
Member
Registered: 23rd Sep 02
Location: Plymouth Drives: Carzone Corsa
User status: Offline
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unless you are employed no credit agency will give you finance, same with a loan. They want a guarentee that the money is going to be paid back, and although you know you have savings, they dont, and wont be able to gain access to that from your bank, so the best thing is pay off the car you got, and then sell it, or trade it in after.
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