Just been to test drive a ly r27

[yellow182jon]

Been to test drive a r27 in Wakefeild, west yorkshire this afternnon, an got a decent finance quote be was declined an know reasoning behind it. I've had 4 renault's through finance so was shocked to be honest as would have taken the car away from monday.

Do you think it's down to nissan taking over the finance side of things as know called RCI was RFS.


Opinions

 

[catherinej]

Get a quote and acceptance from Capital Bank.

 

[Steve]

Easy money has gone, banks tightening up?

 

[sideways danny]

get your credit report from experian. it might be something against someone at your address that's stopping you from getting the finance. I've had this trouble before and had to write a letter of financial dis-association. didn't take too long to fix

 

[catherinej]

Easy money has gone, banks tightening up?

I think your right there Steve.

Our 1st 197 was funded by Blackhorse, we then wanted to upgrade to a new Impreza WRX and Blackhorse declined, but Capital Bank said yes.

We then chose to have another 197 and Capital Bank said yes again.

Our credit history was fine and we had been good customers of Black Horse on more than one occassion.

I suspect that there could be a big knock on effect for the motor industry.

 

[RobHardyUK]

I had an issue with BMW when I purchased my M, they had a few finance companys and in the end went with a company called Carlyle Finance. Bit small and mickey mouse, but done the job just fine. This was via BMW as well just had to pay a bit more to get the finance. http://www.carlylefinance.com/

 

[DebV6]

The fiance industy is crap at the moment, I work in car finance. Places are declining lots more people now and several of the companies we use are stopping their business with us and other dealers or just giving up altogether.

 

[Ad]

I'm pretty surprised thats the case, yes we have a credit crunch, but its essentially a secured loan. Did they not offer a variety of lenders?

 

[172blue]

This is where it all starts....there has been too much credit given on cars in recent years and car repossessions have gone through the roof in the past 12-18 months. It is no surprise this is starting to happen.

Mortgage repossessions will be next to increase even faster than normal, and hence declines on new products for remortgages.