Quote:
Originally Posted by needforspeed
Like you I was also offered very high rates for PCP / Lease purchase. BMW told me these were always higher than personal loans.
However I contacted Lombard who usually work with businesses, but will lend against high value personal car purchases ( http://www.lombard.co.uk/lombard/uk/...bard&HBX_OU=50)
They matched the best rates available for personal loans within 5 minutes. When I told BMW this they offered to match it - despite having told me this was 'impossible' an hour before.
The current best rate on moneysupermarket.com for a £25k personal loan is 6.3% so that should be your target! |
How do you approach Lombard though if you are buying a car privately (not through business)? When I enquired about using them for car finance they said they only deal with businesses and self employed. Do you have a contact name and number by any chance?