Has anyone had any dealings with this firm that are based in CHCH or know of any pros/cons! Have tried google to see if any searches come up to no avail, just wanting to know if the any good etc. Thanks
vtecnet,
Mar 2, 8:17pm
The cons tend to out weigh the pro's, the interest rates are usually high, by the time you make the last payment your cars worth about 20% of what you paid over the term.
I used to buy cars on finance when I was younger, but would never do this now, its much better to save the money and pay cash.
tonyrockyhorror,
Mar 2, 8:35pm
Never finance depreciating assets unless they earn an income in their own right.
robertsons-nes,
Mar 3, 1:30pm
if you need to finance have you looked at MTF.normallly one of the better ones
sw20,
Mar 3, 3:59pm
Save up for it, don't piss away money on interest.
owene,
Mar 3, 7:49pm
Al would know about these matters.
aredwood,
Mar 3, 7:58pm
If you can get a loan from your bank to buy the car. If you have a good credit rating, both with Veda / Baycorp and the banks internal rating you should be able to borrow the money without having to use the car as security. Which means you can sell the car at any time if you wish and also car finance companies normally require you to purchase lots of different insurances and pay the premiums fully in advance for the entire loan term. Which means more interest to pay.
aredwood,
Mar 3, 8:04pm
Also 1 of my mates had his credit rating stuffed by a car dealer due to the dealer sending finance applications to lots of 2nd and 3rd tier lenders. This meant that there was lots of inquiries listed on his file. He couldn't get a bank loan because of this despite not having any defaults.
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