Car Loan 4 U

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KAYKAY

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Post by KAYKAY » Wed Oct 26, 2011 10:02 pm
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I have spoken to my advisor and have given him the details of the car I am interested in. He put this through to the lenders and I got an immediate yes... just need to view and test drive the car now. Going to try and do that tomorrow evening.
IVA Completed August 2011
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carloan4u

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Post by carloan4u » Wed Oct 26, 2011 10:05 pm
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That is perfect KAYKAY. Thanks David
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TheMatrix

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Post by TheMatrix » Wed Oct 26, 2011 10:09 pm
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I must say I'm surprised but congratulations on getting accepted.
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
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kallis3

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Post by kallis3 » Wed Oct 26, 2011 10:34 pm
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Let us know how you get on - what car are you going to look at?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Julie

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Post by Julie » Thu Oct 27, 2011 12:13 am
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That's good news kaykay, look forward to the next update, I'm sure others in the same position as you will benefit from your experience.
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KAYKAY

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Post by KAYKAY » Thu Oct 27, 2011 6:36 am
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kallis3 wrote:

Let us know how you get on - what car are you going to look at?
Honda Civic (hopefully)
IVA Completed August 2011
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kallis3

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Post by kallis3 » Thu Oct 27, 2011 6:49 am
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Nice car!! Had one of those a few years ago. Very reliable!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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back on track

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Post by back on track » Thu Oct 27, 2011 12:41 pm
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kaykay did you put down a deposit or was it full finance for the whole amount.also did they give you any idea about how much they would allow you?
cc received 6th January 2014 now upwards and onwards
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KAYKAY

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Post by KAYKAY » Thu Oct 27, 2011 1:13 pm
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Will update as soon as I have any news. No deposit, but will be discussing part ex with dealer. As I understand it Cl4u will fund the full amount... not sure of the interest rate yet, but the monthly payments seem very reasonable for people like us.
Have been told if I like the car after the test drive tonight Cl4u can supply the funds as early as tomorrow if needs be. Will know more after test drive tonight.
Once the finance agreement has been signed and all the i's dotted and t's crossed, then I will post the finance terms (it may help people in the future).
IVA Completed August 2011
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back on track

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Post by back on track » Thu Oct 27, 2011 2:04 pm
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cool
cc received 6th January 2014 now upwards and onwards
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Foggy

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Post by Foggy » Thu Oct 27, 2011 6:50 pm
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Never been excited about someone else buying a car before ... but I can't wait [:D]
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Shining

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Post by Shining » Thu Oct 27, 2011 7:16 pm
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how exciting for you x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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phil732

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Post by phil732 » Thu Oct 27, 2011 10:11 pm
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I'm interested in the update with regards to rates etc, I also need a newer car but waiting for the iva to drop off in a few months hoping for a better finance deal fingers x.
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KAYKAY

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Post by KAYKAY » Thu Oct 27, 2011 10:19 pm
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Well had my test drive and all went well. Spoke to Car Loans 4 U and asked for the credit agreement for signing. Ashamed to say I still don't know much about Interest Rates, but don't think the deal I have is too bad, and I am happy with it, which is the main thing. Deal offered APR 15.4% I expected it to be alot higher than that, given I have just completed an IVA. Even after I take account of the monthly payments, I will still be several hundred pounds a month better off than when I was paying the IVA.
IVA Completed August 2011
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Adam Davies

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Post by Adam Davies » Thu Oct 27, 2011 10:25 pm
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Hi
Really good news and your experience will help many.

If you can post the cost and repayment details once you know them it will help.
I guess that it is a personal loan if there is no deposit paid ?

Regards
Andam Davies
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