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 101 reviews

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Guest's Review of Welcome Car Finance

18th May 2009

Overall Rating

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

none


Bad Points

everything


General Comments

got a nissan primera 52 plate about 2 years ago within the first year i needed to get new brakes & a new timing chain. I have just put it in the garage now to be told i will probably need a new engine. My wife being self employed we were for 2 months struggling to make the payments i asked Welcome Car Finance if we could split two payments over the remainding of the contract to which they said no, they then proceeded to hound me at least 3 times a day for payment which they knew i could not pay. There customer service skills have alot to be desired. I have cancelled the direct debit having paid in excess of £7000 on a £4000 car. I egerly await there phone call hounding for payment so i can tell them where to go.

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Members' Comments onGuest's Review

  • fobbedoff on 3rd Aug 2009

    I bought an 04 reg Megane from these merchants with a 4 year repayment plan, before i'd even visited the post office to get my road tax the car had broken down. To cut a long story short after making over £6000 in payments of £300per month (plus my trade in) i still owed £6500 on a car which spent more time in the garage than on the road!

    I cut my losses and added the remaining finance onto my mortgage. My advice to anyone would be to save the cash if possible and get a run about which won't be the best in the street but you'll have the satisfaction of knowing that its your own.

NameCredit RatingAPRTypical APRMin Loan AmountMax Loan AmountHome Owner  
Alliance & LeicesterGood8.00%8.00%£7,500.00£14,950.00No
Sainsbury's LoansGood8.00%8.00%£7,500.00£15,000.00No
Nationwide LoansBad7.90%7.90%£7,500.00£14,999.00No