grapefruit
Registered User
- Messages
- 27
Just out of curiosity, why did you buy a new car and take out a "substantial loan"?
Car is brand new, so clearing a substantial loan is not really an option at present as it would take all our savings,
Hi Steven,A broker won't be able to "magic away" the car loan. It will come up on your ICB record anyway, so it is one of the first things a bank will see. Your net disposable income after paying off all your financial commitments will have a big bearing on the amount you can get.
Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
Op: when you say long term and substantial, what do you mean?
Is it some sort of a lease payment plan or so other risky dink finance scheme which means you can't refinance it without some penalty or is a straight up term loan?
So if you did repay the car loan does this leave you in trouble for the 20% deposit?.
To repeat what SB says, this has to work financially, regardless of any broker involvement: the days of broker sponsored loan applications showing the renting of the 4th bedroom in a 3 bed semi are well gone.
Op: when you say long term and substantial, what do you mean?
Is it some sort of a lease payment plan or so other risky dink finance scheme which means you can't refinance it without some penalty or is a straight up term loan?
So if you did repay the car loan does this leave you in trouble for the 20% deposit?.
To repeat what SB says, this has to work financially, regardless of any broker involvement: the days of broker sponsored loan applications showing the renting of the 4th bedroom in a 3 bed semi are well gone.
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