car finance questions

DUBLINHITMAN

hello all here,s my situation
im taking voluntary redundancy in march so finance will be paid ,
but i asked my bank for car finance and the took my details and asked what car i said 2006 mitsubishi lancer and after all questions were asked they called me back a few hours later saying NO because a 2006 lancer is worth 9500 on there records then i told them it was a evo IX fq mr300 and she told me if it was any other car or jeep they would give me the finance ,

so know as i really dnt want this car to slip away i told the garage what happened and he said tell them your getting a c class merc same price but the chassis number and reg of the evo IX will be on the invoice ,
is this fraud or what is it ,
either way when i get my redundancy in march i,ll be paying it straight off ,

just need some advice please
what do i do .

Guy:Incognito

If your payign it in March anyway could you not just get a personal loan or a home improvement loan or somesuch? Doesnt have to be a car loan.

EPM

Or even a deposit for the garage to hold the car until March maybe?

I'd be very suprised if this was not found out somewhere along the way. Also, I wouldn't be too happy buying a car from a garage that supports this:rolleyes:

R.O.R

DUBLINHITMAN wrote: »

hello all here,s my situation
im taking voluntary redundancy in march so finance will be paid ,
but i asked my bank for car finance and the took my details and asked what car i said 2006 mitsubishi lancer and after all questions were asked they called me back a few hours later saying NO because a 2006 lancer is worth 9500 on there records then i told them it was a evo IX fq mr300 and she told me if it was any other car or jeep they would give me the finance ,

so know as i really dnt want this car to slip away i told the garage what happened and he said tell them your getting a c class merc same price but the chassis number and reg of the evo IX will be on the invoice ,
is this fraud or what is it ,
either way when i get my redundancy in march i,ll be paying it straight off ,

just need some advice please
what do i do .

I'm pretty sure they run all the reg numbers through a system like Cartell (can't remember the name of the system) to make sure there is no outstanding finance on a car (used to work for Lombard, but not on the car finance side). When that brings up a Lancer instead of the invoiced C Class it would go to the Fraud department.

Obtaining money by deception I've heard it refered as.

Del2005

Stekelly wrote: »

If your payign it in March anyway could you not just get a personal loan or a home improvement loan or somesuch? Doesnt have to be a car loan.

The banks are clamping down on this a lot more. They want to see what you are buying and if getting a car loan they now own it till it's paid off, like HP.

OP just ask for a bridging loan till your money comes through, as I doubt anyone is going to give a car loan or finance for someone leaving their job in 2 months. Don't do what the garage is saying, it's fraud and could land you in the joy.

DUBLINHITMAN

thanks for the advice fella,s
decided to apply for personal loan and by the same car private
staying clear of that garage ,
thanks again.

Seth Brundle

Thanks for the update DHM.
I do recall hearing something that motorloans were usually at a higher loan rate than ordinary loans so in future just tell them you want it for holiday/house/wife's boob job!