car credit with bad credit record

astonsmummy | 21:28 Sun 29th Jul 2007 | Business & Finance

2 Answers

are there any car finance companys who dont overcharge credit risk customers

Harvester going down hill :(

A gift that will appreciate.

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PrinceRainie

Simple answer is not really....
If you are a "credit risk" then they will apply what is known as "rate for risk"..in other words will charge you are rate which is appropriate for the risk they take in lending you the money!!!
They will still charge you a higher rate of interest, even though the loan is secured on the car!!!

emlease

Well if you are unable to purchase a new car due to bad credit history, you can still try for bad credit car lease providing dealers.
http://www.emlease.co.uk/about-us/

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