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"Finance within one hour" - dealer query

  • 14-02-2014 9:14pm
    #1
    Sobanek
    Closed Accounts Posts: 3,354 ✭✭✭


    Hey guys, I've noticed that a lot of dealers are now advertising finance within an hour or same day finance. How does that work exactly? Just asking since I can't even borrow €1,000 since last year and yet they say they'll give me finance for a 6k car.

    Thanks


Comments

  • #2
    colm_mcm
    Registered Users, Registered Users 2 Posts: 73,520 ✭✭✭✭colm_mcm


    Sobanek wrote: »
    Hey guys, I've noticed that a lot of dealers are now advertising finance within an hour or same day finance. How does that work exactly? Just asking since I can't even borrow €1,000 since last year and yet they say they'll give me finance for a 6k car.

    Thanks

    Subject to acceptance obviously.


  • #3
    Stavros Murphy
    Closed Accounts Posts: 2,440 ✭✭✭Stavros Murphy


    colm_mcm wrote: »
    Subject to acceptance obviously.

    and interest rate loadings..


  • #4
    Sobanek
    Closed Accounts Posts: 3,354 ✭✭✭Sobanek


    colm_mcm wrote: »
    Subject to acceptance obviously.

    Most dealers I enquired said that I can get one under their name and then they direct debit the payments. Is that legal?


  • #5
    colm_mcm
    Registered Users, Registered Users 2 Posts: 73,520 ✭✭✭✭colm_mcm


    Stavros Murphy wrote: »
    and interest rate loadings..

    Indeed, we used to know that anyone trying to trade in a car with yellow and blue number plate surrounds from a certain company would be in ridiculous negative equity and wouldn't have a hope of refinancing.


  • #6
    biko
    Registered Users, Registered Users 2 Posts: 81,220 ✭✭✭✭biko


    Many of the big companies now have their own banks.


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  • #7
    unkel
    Registered Users, Registered Users 2 Posts: 66,118 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    Sobanek wrote: »
    finance within an hour

    It will be the most expensive hour of your life :)

    Lotus Elan turbo for sale:

    https://www.donedeal.ie/vintagecars-for-sale/lotus-elan-turbo/38336785

    My ads on adverts.ie:

    https://www.adverts.ie/member/5856/ads



  • #8
    Sobanek
    Closed Accounts Posts: 3,354 ✭✭✭Sobanek


    unkel wrote: »
    It will be the most expensive hour of your life :)

    9.5% interest rate at one dealership in Dulblin... Not bad like...

    GOOD NEWS

    Dacia offers good finance :D I shall go with a gorgeous 141 Sandero!

    --- just noticed a car ---

    http://www.carzone.ie/search/Volvo/S40/1.8-SE-F/37713892995791290/advert?channel=CARS

    That must've been after a SERIOUS crash considering it's got the whole front from the pre-facelift.


  • #9
    No Pants
    Closed Accounts Posts: 3,347 ✭✭✭No Pants


    Sobanek wrote: »
    Just asking since I can't even borrow €1,000 since last year and yet they say they'll give me finance for a 6k car.
    Secured loan vs. unsecured loan?


  • #10
    Sobanek
    Closed Accounts Posts: 3,354 ✭✭✭Sobanek


    No Pants wrote: »
    Secured loan vs. unsecured loan?

    Unsecured.


  • #11
    colm_mcm
    Registered Users, Registered Users 2 Posts: 73,520 ✭✭✭✭colm_mcm


    HP I would've thought?


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