Tuesday, December 2, 2008
A worring sign of the times. APR 437.4% If you own or nearly own your car you can use it as security on loans. The quoted figure on their site is on a loan of £1500. You would pay £53.60 for 78 weeks paying back a total of £4180.80. And i assume that if you missed a payment the car is no longer yours! Whilst this beggars belief i almost feel guilty posting this as this is obviously popular!!