Help & Advice

Motorbike finance with first response

Hello, i have recently got credit through 1st response to obtain a motorbike. I am having no problems with my payments with them but i still have a bad credit rating. Would it be possible to still gain car finance?

David Smith


Answer

Hi David, thank you for your question. If i'm honest it would be highly unlikely that First Response would give you another loan on top of the motorbike finance agreement.

However, there is a chance that one of our other lenders may be able to help. Please make an application and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. There's no guarantee of an approval at this stage but we'll certainly try our best to help. Kind Regards, Rachel

Answer correct as of September 2016

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4 years

In this illustration your credit score is set to

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender

More related questions

Does the finance for a motorcycle have to be from a dealership, or could I go private and buy from sites like Gumtree?

Answer

Hi Josh, thank you for your question,

If you are approved for a hire purchase or PCP loan with ourselves, you can choose a car from any reputable dealer in the UK. Do you have good credit? If so you may be eligible for a personal loan, and in this case the loan is unsecured, and you can spend the funds as you wish. This means you can purchase the car from a private seller or dealer.

Please make an application when you're ready and if approved we provide a no obligation quote and you can buy a car from any dealer. Kind Regards, Rachel

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Rachel Wilson, Underwriting Manager

Set your budget

£
4 years

In this illustration your credit score is set to

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender