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I notice there are a lot of entries in the Westbury Car Auction from Welcome Car Finance. Does anyone know this company is similar to the now defunct Yes Car Credit. I want to try and avoid a lemon!
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They are part of Cattles finance.
"Cattles plc is a listed FTSE 250 financial services group specialising in providing consumer credit to non-standard customers in the UK."
Current typical APR with them is 19.9%.
Like YES they lend to those who can't borrow from more traditional lenders.
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There is no reason why the cars for sale shouldn't be OK; I suppose that someone who can't pay the finance might have skimped on maintenance and servicing. Basically it is the 19% finance rate that is the problem - not the cars IMO
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I thought it sounded similar setup to Yes Car Credit. As mentioned earlier if they are repossed cars then the owners would probably not be puting car maintenance at the top of there priorites and likewise if they are customer trade ins probaby not the same quality as franchised dealer trade ins
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