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Car finance What checks do they carry out, I have 20% deposit, after a car for 5k? |
I have a drink driving conviction does this matter, I own my own house, Never been in debt, pick up 2k a month, what rate can I hope for. Cheers You should have no trouble - repayments on a 5k loan will be easy to meet on your wage and they will have the security of the car .. The drunk driving record is more an issue for your car insurance, not your car financing. They will check your credit record and depending on what credit score and the credit you have been extended they will make a determination about your ability to repay the loan. Assuming that you are not overextended on credit, you probably will get a competitive rate. |
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