Any info on Bluestone Finance?

Karen23

We're looking to upgrade our car, we have an 07 Mondeo and looking to buy a 131 Mondeo but we'll need to finance it 100%.
My bank has refused a car loan because my wages are paid by cheque and not directly into my account, they wouldn't accept a letter from my employer confirming my wages and employment. The dealer is going to put our application through their bank tomorrow but I suspect he'll get the same response. He said if it's refused we can apply through Bluestone Finance and he's 90% sure they'll accept us with the employer letter but I'm unsure about going through this type of company but it's either that or hang on to the 07 car for the time being.

Has anyone financed a car through Bluestone and can give any opinions good or bad before we proceed ?

Thanks

bazz26

Not much information but a previous thread here:

http://www.boards.ie/vbulletin/showthread.php?t=2057540559

Just be very careful around their lending rates and small print. I'd imagine if their lending terms are lower, then their rates are probably higher to offset the greater risk. Is there any way to get your employer to pay your wages directly into your bank account, paying by cheque is pretty uncommon these days?

Karen23

The previous secretary was in her 70s and retired last year and everything was done by paper, she did nothing on the computer.
I've taken over from her and I'm in the process of getting everything updated but it's a slow process as the employer was elderly too and wanted everything to continue as before but I've recently got a new manager who is happy for me to bring them out of the dark ages.
Banking Online will be one of the next things we do but might be too late for this particular car.

bazz26

It's definitely the way to go otherwise as it stands it sounds like you are being treated the same way as someone with a poor credit rating who may have defaulted on loan previously. As I said check their APR as I'd imagine it will be quite high.

Karen23

Turned out it should've been the dealer I was asking questions about and not the finance company.
Braudstone Motors turned out to be a bunch of cowboys

davo2001

If you need 100% finance on a car then you more than likely cannot afford to buy one, why can't you stick with what you have?

Karen23

I'm sticking with the one I have after the s**t I've had with Braudstone Motors

After doing some research here about them and seems like they've been on Prime Time for clocking and price fixing so I think I've had a lucky escape.

I was going for 100% finance because I really liked the car they had for sale but couldn't get my hands on a lump sum but could easily afford the finance repayments. I had also hoped to trade my own car with them but when he gave me a laughable price for it I decided I wouldn't trade it and would sell privately.