Car Loan 4 U www.carloan4u.co.uk Review

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Car Loan 4 U www.carloan4u.co.uk
4 stars
Average rating for this product is: 4 out of 5

From 4 ratings and 51 reviews

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tomspops's Review of Car Loan 4 U www.carloan4u.co.uk

26th Jul 2008

Overall Rating

3 stars
  • Value for money
    1.5 stars
  • Speed Of Loan
    3.5 stars
  • Payment Type
    Fixed Payments
  • Customer service
    4 stars
Good Points

Speedy response as to whether your accepted or not
We have completed IVA and didn't think we would ever get finance, old car was written off with a drive of 60 miles to work each day so had to get a good car.
We would only recommend if you have a poor credit history and didn't like us wish to secure a car loan on the house.


Bad Points

High APR 22.5%
Dealer has to deal direct with Carloan4U which the dealer had never heard of and was a little awkward and we felt she wasn't too trusting in the deal. This was with a main VW dealer. The loan company also expected a large amount of information from the dealer, more than they have ever been expected to produce on any other sale, which again was awkward with the dealer and it delayed us collecting the car.


General Comments

We went with them, the staff are friendly and we didn't have any other options to us due to our very poor credit history but we had to get a car. It will cost us £12k for a £8400k car but we knew that would be the case with our history.

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