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Car Finance Expert Q&A

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Edwin Miles. Underwriting Manager

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£7000 Over 5 Years For Car Finance

Hi, I am looking to get finince for about £7000 for a new car over 5 years. I finished an IVA in March 13 and I am looking for a loan but am really scared of having to pay ridiculous APRs, please could you let me know how much this would be per month for say 60 months? Thanks

Posted by Jonathan Turner on


Hi Jonathan, i hope you're well.
Firstly, congratulations on completing your IVA. I bet that's a big weight lifted off your shoulders. We do have a number of lenders that can help those with less than perfect credit histories, so we may be able to help.
You can use our car finance calculator to get an estimate of repayments. To answer your question though, £7000 over 6 months with a poor recent credit history will cost you approx £226 p/month (based on 29.9% APR). I hope this helps. Kind Regards, Edwin

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