|Total cost of credit||£ 2000|
|Total repayment||£ 2000|
£ 245 98
Rates from 6.9%: the exact rate you will be offered will be based on your circumstances, subject to status.
Representative example: borrowing £6,500 over 5 years with a representative APR of 24.9%, an annual interest rate of 24.9% (Fixed) and a deposit of £0.00, the amount payable would be £181.16 per month, with a total cost of credit of £4,369.52 and a total amount payable of £10,862.52.
Hi Adam, with limited credit history, it may be beneficial to your application to have one of your parent's on the agreement as a guarantor. Is this an option? That way the finance and the car can be in your name and you can build up your credit profile. Please apply when you feel ready. Regards, Rachel
Hi Kealan, thank you for your question. With a healthy monthly income of £1400, we'd be fairly confident of being able to get you approved for the £4000 needed. The amount you repay will depend upon your credit history but as a rough guide if you have a good credit history you'll be paying £100 per month over 48 months for £4000. Please make an application when you're ready and, if approved, you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel
Hi Peter, as you have a good salary and are getting on top of your debts i'm pretty sure we can get you the £3000 that you require. Please apply on our site when you're ready and we'll hopefully have you approved swiftly. If approved you can choose a car from our stocklist of from a dealer of your choice. Kind Regards, Rachel
Hi Melanie, thank you for your question and apologies for the delayed response. Unfortunately the lender you have been approved with does have some minimum criteria that has to be met. As they are financing the car (the asset) they need to be sure they are financing the money they are lending against a good quality car to protect their exposure. The £6000 is the minimum lend and the £400 is required but if you stretch the £6000 over 4-5 years for example you can get the same monthly payments as say borrowing the £2000 over 2 years and you can also be assured of getting a car that is perhaps still under manufacturers warranty. You can also swap your car after 2-3 years so you don't have to keep the vehicle for the full term. I hope this makes sense and i'm sorry about the current situation but we'd still love to deal with you if we can work a deal out. Have a great evening. Rachel
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CarFinance 247 is a trading name of CarFinance 247 Limited, a credit broker and insurance intermediary, and 247 Money Group Limited (247 Money), a lender. Both companies are part of the 247 group of companies.
CarFinance 247 is authorised and regulated by the Financial Conduct Authority under reference number: 653019. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. Company registration no. 06035525. Data Protection Registration Number Z1897658.
247 Money is authorised and regulated by the Financial Conduct Authority. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. Company registration no. 10989530. Data Protection Registration Number ZA456831.
All finance is subject to status and income. Written quotations on request. CarFinance 247 can introduce you to a limited number of finance providers, including 247Money, based upon your credit rating and will receive commission for such introductions.
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