Advice on car finance
Advice on car finance
Author
Discussion

ra9

Original Poster:

5 posts

173 months

Monday 24th September 2012
quotequote all
Hi,

I am looking for some advice regarding car finance as it's my first time buying a car using finance.

I earn £45,000 gross pa. I have a mortgage of £900 pcm and my mortgage borrowing is 80% ltv.

My credit history is more than excellent and I dont have any outstanding debts etc.

I am looking to finance a car over 3 years with a monthly payment of £650 - £700 approx. I need advice if this is possible or do I need to have a lower monthly payment so that I am accepted for car finance.

Thanks for your help.

surfymark

895 posts

261 months

Tuesday 25th September 2012
quotequote all
This is more than possible.

I earn less than that and have a much higher mortgage payment. Plus my credit history isn't perfect at the moment. Yet I was accepted for £650/month with no issues at all.

HTH
M

JimboP

8 posts

177 months

Tuesday 25th September 2012
quotequote all
ra9

Would be delighted to advise/help as this is precisely the industry I work in !

Do you want to message me - Im sure that is possible, and we can discuss directly ?

Jim