CreditWest Bank & Tiga Trading - Cars Bank loans now available

TigaTrading


Joined: 25/06/2009
Posts: 186

Message Posted:
14/01/2010 10:51

Hi



We have managed to negotiate with CreditWest Bank bank loans for expats. 50% down payment and 50% loan on new car price.

Please check out our website http://www.tigatrading.com

parkview



Joined: 12/03/2009
Posts: 1123

Message Posted:
14/01/2010 11:03

What are the rates credit west are charging on loans please

bankadan


Joined: 14/12/2007
Posts: 979

Message Posted:
14/01/2010 12:05

Tiga/Creditwest

What are the interest rates and also terms of this deal please?

TigaTrading


Joined: 25/06/2009
Posts: 186

Message Posted:
14/01/2010 12:06

Rates are 5.46%



so based on each £1000 borrowed repayments would be



12 months @ £88

18 months @ £60

24 months @ £46

36 months @ £32

bankadan


Joined: 14/12/2007
Posts: 979

Message Posted:
14/01/2010 12:41

Tiga, are there any other set up charges or bank fees etc please?

TigaTrading


Joined: 25/06/2009
Posts: 186

Message Posted:
14/01/2010 13:06

CreditWest will require the car to have fully comprehensive insurance taken out with themselves.

Also they charge approx £40 for each £1000 borrowed, so for instance a bank loan of £5000 would cost £200 in bank charges.

barnaclebill


Joined: 12/12/2008
Posts: 303

Message Posted:
14/01/2010 14:01

Good luck Tiga,another step forward methinks.

BB

TigaTrading


Joined: 25/06/2009
Posts: 186

Message Posted:
14/01/2010 15:32

We have been waiting for confirmation from CreditWest on actual charges and this afternoon have been told that the figure is £58 per £1000 borrowed, ie £5000 borrowed = £290 bank charges.



The cars are all sold 'on the road' so registered. M.O.T and emmissions for 3 years, the only additional cost is the transfer of documents into the owners name which is 400TL in this case because of the hire purchase agreement.

keyholekate


Joined: 08/05/2009
Posts: 81

Message Posted:
15/01/2010 11:19

This sounds very similar to what such a loan would cost in the UK. I think it must be the first time anything like this has been available to ex pats. and will probably prove to be very popular. Well Done Tiga Trading.

fazo1


Joined: 23/08/2008
Posts: 406

Message Posted:
15/01/2010 12:49

hello tiga trading do you buy cars in if so i have a 06 ford focus titanium 3door if intrested call me on 05428853211 or email me on nigel172@hotmail.com