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Buying Used

Discussion in 'Biker's Cafe' started by Minibiker, May 22, 2018.

  1. EVH

    Don

    Joined: Mar 11, 2004

    Posts: 26,990

    1. You apply for the loan to the value that you want. If it's £6k then apply for £6k unless you want more to cover accessories/insurance etc.
    2. Once granted the loan company transfer you a lump sum. Usually, via bank transfer.
    3. You use your newly acquired wealth to make the purchase as a regular customer
    Normally, that's it. However, I'm sure someone will point it out but if you want to get complex...

    You could probably haggle more discount on a PCP deal than a cash buyer (as weird as that sounds) so if you want to complicate things you'd get a loan as per steps 1-3, but agree a deal on PCP with the dealer... then ring the finance company and use your lump sum to pay for the bike after a month. This nets you the discounts that the dealer can offer on new bikes with PCP but it's probably more hassle than it's worth and may not apply to an older bike :p
     
  2. Minibiker

    Soldato

    Joined: Mar 27, 2016

    Posts: 5,566

    Location: Bristolian living in Swindon

    Just went on money saving expert to see what it throws back at me, it gave me a list of companies with the details of the loan and then said at the bottom of each one said 0% Elegibility... What does that mean?
     
  3. Diddums

    Capodecina

    Joined: Oct 24, 2012

    Posts: 19,421

    Location: London


    That you have zero chance of getting those loans. Time to sign up to Noddle and Clearscore and sort out your credit profile.
     
  4. Minibiker

    Soldato

    Joined: Mar 27, 2016

    Posts: 5,566

    Location: Bristolian living in Swindon

    I have clearscore account and Experian... My experian account shows my score as Fair (738) surely that's good enough for a loan :(
     
  5. Diddums

    Capodecina

    Joined: Oct 24, 2012

    Posts: 19,421

    Location: London


    "Fair" is rubbish. You need good, outstanding or excellent, depending on the jargon they use.
     
  6. EVH

    Don

    Joined: Mar 11, 2004

    Posts: 26,990

    It may be something silly like not having your name on an electoral register or something obscure like a bad mark against you’re address (due to a previous tenant).

    Only way to find out is to get a detailed report and go through it :(
     
  7. Minibiker

    Soldato

    Joined: Mar 27, 2016

    Posts: 5,566

    Location: Bristolian living in Swindon

    Ahh balls more work needed then, I have no outstanding debts so next months report may change as last month it went up 200 points in one month
     
  8. Minibiker

    Soldato

    Joined: Mar 27, 2016

    Posts: 5,566

    Location: Bristolian living in Swindon

    On my Experian account it does say 1 bad alert is that i'm not on the Electoral
     
  9. Diddums

    Capodecina

    Joined: Oct 24, 2012

    Posts: 19,421

    Location: London

    That alone will bump your record considerably.
     
  10. Minibiker

    Soldato

    Joined: Mar 27, 2016

    Posts: 5,566

    Location: Bristolian living in Swindon

    Where is the best place to register for this
     
  11. Diddums

    Capodecina

    Joined: Oct 24, 2012

    Posts: 19,421

    Location: London


    Porkies, I'm a ray of sunshine :D
     
  12. ttaskmaster

    Sgarrista

    Joined: Sep 11, 2013

    Posts: 9,767

    And at the risk of creating some more:

    That's a nice bike, Mini. Good choice!
    Hope you have fun... and of course, I'm sure you know not twist the throttle too far... ;)
     
  13. Minibiker

    Soldato

    Joined: Mar 27, 2016

    Posts: 5,566

    Location: Bristolian living in Swindon

    Yeah had 2 Street Triples before and i keep going back.. Absolute blast for what i use it for
     
  14. Freeman

    Soldato

    Joined: Jul 24, 2004

    Posts: 5,564

    See, see! This is how a normal person replies!

    :) :p
     
  15. IC3

    Sgarrista

    Joined: Dec 3, 2011

    Posts: 9,230

    If only the good looking ones weren't so expensive...
     
  16. EVH

    Don

    Joined: Mar 11, 2004

    Posts: 26,990

    Local council. Give them a call and register.

    Be prepared to have to wait a bit as the tend to update the records over a few months.
     
  17. Fireskull

    Sgarrista

    Joined: Oct 31, 2006

    Posts: 9,657

    Location: Eastleigh / Winchester

  18. ttaskmaster

    Sgarrista

    Joined: Sep 11, 2013

    Posts: 9,767

    I look forward to being dazzled by the oncoming grin!!
     
  19. Scort

    Mobster

    Joined: Feb 28, 2006

    Posts: 4,003

    Location: No longer riding an Italian

    Did I miss a ninja edit or something? At what point has any form of aggression come into Nemeses' posts? I've just been plodding through the posts, and could clearly tell "And no I don't work for them in away way what so ever" was a tongue-in-cheek remark; following the numerous bumps for a link to finance :confused:
     
  20. The_Abyss

    Capodecina

    Joined: May 15, 2007

    Posts: 12,805

    Location: Ipswich / Bodham

    Cant we all just get along and disagree about whether a 125 is more dangerous or not than a 1000? :)