Car Finance advice please!
Car Finance advice please!
Author
Discussion

FezzaDude

Original Poster:

381 posts

202 months

Thursday 23rd February 2023
quotequote all
Hi, just need some advice please

I have found a car leasing company who seem to have extremely cheap finance deals on practically brand new cars, they are almost 50% cheaper than anywhere else. (2022 Range Rover D350 3.0) for £700pcm £4500 down 24 months.

I contacted the company and they said they own all vehicles themselves and provide the financing themselves & not 3rd party finance companies.

They were FCA approved but have now been removed off this list.

alarm bells are ringing at this point as I’m feeling sceptical and I have a theory of my own, they seemingly have lots of cars, and have been running for a number of years

Cheers

Edited by FezzaDude on Thursday 23 February 14:25


Edited by FezzaDude on Thursday 23 February 14:45

vikingaero

12,930 posts

196 months

Thursday 23rd February 2023
quotequote all
A fool and his money...

anonymous-user

81 months

Thursday 23rd February 2023
quotequote all
Sounds legit, go for it.

66HFM

858 posts

52 months

Thursday 23rd February 2023
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And perhaps the big alarm bell is why did the FCA remove them from their list...

I think the phrase I'm looking for has the word 'bargepole' within it....

snuffy

13,006 posts

311 months

Thursday 23rd February 2023
quotequote all
FezzaDude said:
Hi, just need some advice please

I have found a car leasing company who seem to have extremely cheap finance deals on practically brand new cars, they are almost 50% cheaper than anywhere else. (2022 Range Rover D350 3.0) for £7000pcm £4500 down 24 months.
£172,500 and that's 50% cheaper than anywhere else?



Edited by snuffy on Thursday 23 February 14:41

FezzaDude

Original Poster:

381 posts

202 months

Thursday 23rd February 2023
quotequote all
snuffy said:
FezzaDude said:
Hi, just need some advice please

I have found a car leasing company who seem to have extremely cheap finance deals on practically brand new cars, they are almost 50% cheaper than anywhere else. (2022 Range Rover D350 3.0) for £7000pcm £4500 down 24 months.
£172,500 and that's 50% cheaper than anywhere else?



Edited by snuffy on Thursday 23 February 14:41
stubby fingers and iPhones don’t go together very well! Post corrected

andygo

7,364 posts

282 months

Thursday 23rd February 2023
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I own a finance brokers. Dont touch it IMHO.

FezzaDude

Original Poster:

381 posts

202 months

Thursday 23rd February 2023
quotequote all
66HFM said:
And perhaps the big alarm bell is why did the FCA remove them from their list...

I think the phrase I'm looking for has the word 'bargepole' within it....
I agree with you but for whatever reason the FCA website does not state the reasons why they are no longer listed

BeeBopp

71 posts

98 months

Saturday 25th February 2023
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Well, what do we mean by FCA list? Do we mean the Register? If so, they will still appear on the register with their previous permissions listed as expired. A quick google search on the google news tab would likely show something if there had been untoward shenanigans.