The Car Loan Warehouse Review | www.thecarloanwarehouse.com
Address: Technology House, Station Road, Alton, GU34 2PZ.
Branding: The Car Loan Warehouse. Also known as: CarLoanWarehouse.
FCA Licence: 652143.
From: The Car Loan Warehouse Ltd.
Related: Pegasus Finance.
Available: Monday to Thursday (9am/7pm), Friday (9am/6pm), Saturday to Sunday (9am/5pm).
Bad credit considered: Yes.
Manage: No Car Loan Warehouse login at www.thecarloanwarehouse.com.
Niche: Car, LCV.
Pricing: 5.9% to 33.9% APR.
Products: Hire purchase, hire purchase (balloon).
Sums: £3000 to £50,000 (new and returning).
Terms: 12 to 60 months.
Notes: Vetting is undertaken on the dealer assuming that they haven’t previously dealt with them. If a private sale is planned then they’ll complete a HPI check on your behalf. If you can’t find a motor, then they can make recommendations for you. This broker does not share their partnered lenders and simply notes that they are connected with a selection of leading names. You can’t manage your agreement through the website. They do however encrypt all applications.
– Amounts: Financing sums as high as £50,000 can be accessed. A balloon agreement is headed besides the standard hire purchase agreement if you’d like to break down the repayments. This would be advisable when you plan on borrowing sizeable lump sums.
– Eligibility: This company caters all financial circumstances. The complete APR range taken from their calculator ran as 5.9% (Excellent), 13.9% (Good), 18.9% (Fair), 23.9% (Average), 28.9% (Poor) and 33.9% (Bad). On the subprime side, arrears, CCJs and even past bankruptcy is listed as well as the need for no deposit. Applicants with past difficulties would likely be tied to the 31.6% Bad tier. The 5.9% rate sounds like a banking rate and so excellent credit would be required there. A diverse range of lenders would likely be attached to their panel, although they choose not to disclose who they work with.
– Operations: Applications are processed 7 days a week. Quick turnarounds are also promised. Reviews studied on TrustPilot did support this claim.
– No recent updates.