car finance

[lisasimpson]

If I went to say Arnold Clark to buy a car and wanted credit, would they check my credit record and offer a percentage accordingly. I already have a loan however when I applied for another recently the percentage I was offered was 10% interest - way above the 5% advertised. I do have the abitlity to pay the loan off but would like the car company to offer me better than 10%. Do they check your credit record?

[Loosehead]

You're better off getting a standard loan and buying the car with that.

[mystress]

lisa,

I don't think it has much to with your credit rating.Many Financial Companies advertise attractive Interest Rates,however these are only their "average" Rates,and there are all sorts of circumstances which can cause the one offered to you to be more.

I agrree with Loosehead,just get a "plain" loan(but shop around 1st)