I have 0% on purchases Barclays card with £200 left to pay. Limit of £1400 which I was going to use £1000 as a deposit for my car finance. Do you think this is a good idea?
Got the car chosen reduced by £600 from the original £7400 down to £6800 so my idea is knock £1000 off with a big deposit, get the rest on finance. BUT I'd be taking £5800 on finance paying over 5 years possible due to the fact I earn £12,500 per year, I can afford quite a bit because my out goings are not very much anymore. Thing is trying to get accepted for car finance with only "Fair credit scrore" I have re payed what I have had out on credit before.
Board - £180
BT - £34
Dentist - £13.50
O2 - £34
£261.31 - Out goings from a roughly £1000 per month. The credit card I was using for bolstering my rating up further. How likely without a guarantor do you think i'd be accepted for car finance? Living at home currently. Same address for the whole of my life.
Got the car chosen reduced by £600 from the original £7400 down to £6800 so my idea is knock £1000 off with a big deposit, get the rest on finance. BUT I'd be taking £5800 on finance paying over 5 years possible due to the fact I earn £12,500 per year, I can afford quite a bit because my out goings are not very much anymore. Thing is trying to get accepted for car finance with only "Fair credit scrore" I have re payed what I have had out on credit before.
Board - £180
BT - £34
Dentist - £13.50
O2 - £34
£261.31 - Out goings from a roughly £1000 per month. The credit card I was using for bolstering my rating up further. How likely without a guarantor do you think i'd be accepted for car finance? Living at home currently. Same address for the whole of my life.