Welcome Car Finance Review

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1.3 stars
Average rating for this product is: 1.3 out of 5

From 5 ratings and 102 reviews

Thumb down 22% of users recommend this product

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Lexusgs430's Review of Welcome Car Finance

27th Apr 2009

Overall Rating

0 stars
  • Value for money
    0 stars
  • Speed Of Loan
    5 stars
  • Payment Type
    Fixed Payments
  • Customer service
    1 stars
Good Points

None


Bad Points

Overpriced finance
If payment is not made on time you get, high volume of calls from them,(they charge you for the calls), home visits(you also get charged) and overpriced letter charges.
If payments are not still made, moves are made to repo the car, your dilemma doesn't there, because if you own your house, they would apply to the courts, to put a charge on your property, and you will pay for all the legal fees.

Long and short, for the wise. DO NOT GO THERE !!!!!


General Comments

The general issue is do not buy a car from Welcome Finance or the likes. You are better of saving your money for a couple of months and buying what your money can afford. ie you could easily buy a little run around for under 1000 gbp.

The main problem, is that people do not read a review before they visit their showrooms, they only visit reviews, once they have been stung !!!!

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NameCredit RatingAPRTypical APRMin Loan AmountMax Loan AmountHome Owner  
Alliance & LeicesterGood7.90%7.90%£7,500.00£14,950.00No
Nationwide LoansBad7.60%7.60%£7,500.00£14,999.00No
Sainsbury's LoansGood7.90%7.90%£7,500.00£15,000.00No