More Car Financing Chaos.

The sequel to my previous article that nobody read.

Photo by Martin Katler on Unsplash

Picking up from my wild ride into the car finance jungle with a credit score that’s been through the wringer.

They said no way at first – no three-year address history in this country, no deal. I almost threw in the towel. But then, my relentless spirit kicked in. I dialed up every off-beat financier on the block, hashed out deal after deal.

First, they hit me with a 25% APR – outrageous. But I didn’t stop there. After a flurry of calls, they budged: “Okay, hire purchase only, no PCP, and forget about electric – too risky.” Plus, they grudgingly dropped to a still painful 15% APR.

I wasn’t done. More calls, more hustle. Finally, a break: “Fine, PCP or HP, but PCP’s off the table for electrics. Best we can do is 10.9%.”

Then, the hunt was on for the perfect car.

Last night, jackpot. I laid down £2.5k without batting an eyelid, ready to snag a shiny new electric on a sweet PCP plan. “£425 a month, 24 months, Saturday pick-up”, they said.

I was inches from signing.

Then, pause.

The original broker, the first guy who heard my pitch, rings me back – better deal in hand. “Same car, same terms, just £400 a month and a lower guaranteed future value. You might even come out with some equity.”

Now, here I am, on the brink of decision.

I’ve got two hours to weigh my options. It’s not just about getting wheels; it’s about steering my finances with precision.

Stay tuned. I’m about to make the call. Gotcha.