Anyone had PCP deal accepted with BMW Finance 1 year after discharge?
Or any other finance?
Hi Lorryjo1983.
We've heard from lots of people who have become able to get car finance not too long after completing their trust deeds.
The question really is whether you're able to access mainstream lower-cost credit, or some of the products that come with higher interest rates which are aimed at people with imperfect credit histories.
The only way you'll find out that you can get will be to submit an application, so it might be best to start out at the lower-cost level.
Hopefully some other members can share with you what has worked for them.
Thank you
Hi lorryjo1983,
I had a client who was successful whilst still in a Trust Deed (with 2 payments to pay to complete their Trust Deed) secure finance with BMW Finance for a brand new Mini at the start of this year. I was extremely surprised and so was the client. Payment for the PCP was up around ยฃ280 per month.
As TDA has advised the only way you will know is to actually apply for the credit. Be honest and up front with the salesperson and explain your situation.
Please let us know how you get on and good luck.
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