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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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Do you have a question about Carfinance247 or its services? If so, please complete the form below for a response within 1 working hours. I have over 7 years experience working for Carfinance247 and have the responsibility to answer all questions asked.

Car finance for any circumstances

Hello, my name is Nina and i was wondering whether you provide car finance to people in varying different circumstances? I don't have the best credit record but need a car - can you help?

Posted by Nina Jones on

Answer.

Hello Nina, thanks for using the Car Finance 247 Q&A. We can indeed provide car finance and loans for people in lots of different circumstances. We have links with over 25 car credit lenders and some obviously specialise in providing credit for people with a poor credit history. The panel of lenders all vary in terms of who they accept and what their criteria is. They also dictate the amount that they can lend and some even require you to place a deposit into the deal. How bad is your credit? Please can you elaborate a little for me? If you don't want to elaborate on the Q&A section please just complete a car loan application and we'll look at your credit file and decide on which lender to place you with dependent upon your circumstances. Kind Regards, Edwin

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Question.

I got a peugeot 307 at the mo, iv ad it for 3 years, but last year I re, financed it to get the payments down. Its a 2004, today I was looking at a peugeot 207 how would I fare could I part exchange how much deposit would they need? I owe 3 500 on my car at the mo...thanks...

Posted by Catherine Owen on

Answer.

Hi Catherine, it may be the case that you're in negative equity. We can take your current car off you in part exchange and settle the finance but a 2004 Peugeot 307 isn't worth £3500 which is the amount we'd have to settle. Let's say we could give you £2750 (example) for your part ex that would mean you'd have to find £750 deposit to make up the difference. If you had an amount similar to this then maybe we could help you out. What level of deposit do you have and how much are you looking to borrow? Edwin

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Question.

Thanks for getting back to me edwin, I thought that might b the case, I had a 400 pound deposit...i couldn't get car finance with black horse, and the garage havn't got back to me.

Posted by Catherine Owen on

Answer.

Hi Catherine, Please make an application with us and we'll see what we can do. We do try and help as many people as we can who have different circumstances obtain car finance.

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