Car Finance? Things to consider + My experience - Leasing, HP, PCP (UK)

[@klaus2747]

Right im planning to buy a car in January - currently looking at quotes right now, its showing interest rate 13.9apr finance (which is a bit high) i was planning to get a barclays loan but my credit score is low and could not get a loan ughh. OMG thank god i saw your video! Cus my eyes are on the same car as youve had! But now, i think im going to get cheaper like A Class - would you recommend it to get it as HP instead? Cus i might regret it at the end not owning it ?thanks x

[@pitolinmotion]

Hey!! Ooo so I ain’t no financial advisor! So my OPINION would be stay flexible and just go with a PCP . Also don’t get it brand new. Get it a few years old. It’s better bang for buck in my opinion. I’m not the biggest fan of A class, I think it’s a little compact. I have a Gla which is cheaper than c but a bit more spacious. Look at all your options but ultimately make sure you can afford it and prioritise saving! These are hard times!

[@klaus2747]

@@pitolinmotion youre amazing! deffo taking your advice!!! Buy what you can afford!!! And yes im 25 now and would love to start saving up for a place! All the best hun and take care ! Thanks so much x

[@natakijean-baptiste1746]

Mine is 24% I’m paying it double to get it paid off quicker. The reason why my percentage was so high was because of bad credit if I was living in London, or someplace with good transport, I would not get no car.

[@pitolinmotion]

24% damnnnnnn sis! I thought I was in the streets! Sounds like a good strategy though. For me whether in London or not, absolute flexibility is a must so I have to drive lol, but if you can defo do without, it might not be a bad idea

[@natakijean-baptiste1746]

@@pitolinmotion As bad as it’s sounds I’m grateful because where I live in Cornwall. Public transport is horrendous. I won’t even be able to take my daughter to school or manoeuvre plus it’s low miles and good condition, so I’ve not had many problems with it like I did have with my car in London every couple of months, a couple of hundred here and there and adds up I’m lucky enough to be in the position to pay double amount so I can pay it off quicker, but yeah, this is a lesson learned, and after this year I will not have bad credit ever again in my life.

[@pitolinmotion]

🙌🏾🙌🏾🙌🏾 amen to that sis! I’m routing for you

[@ayodeleobe4031]

Good insight. You can negotiate mileage.

[@pitolinmotion]

That is true 🙌🏾 thanks for watching 🥰

[@majackslelo827]

Thank you😁

[@pitolinmotion]

You are welcome !

[@janeoludairo5894]

This video was soo insightful! 🙌🏾🙌🏾 I really really want to upgrade my current car (not on finance) onto a finance one. However, I’ve also just bought a new house too.. the financial commitment be committing 😅

[@pitolinmotion]

Well congratulations on the house 🙌🏾🙌🏾🙌🏾 I honestly think wait! Move in , settle down into the house for at least 6 months first. Buying a house is no joke, especially if you’re doing any work or buying furniture: you won’t wonna be financially stretched. Then can’t even use your new car cos you can’t afford to go out. Delayed gratification will be your best friend here x

[@isheetalall676]

Hi pitol , can you please make more videos on how to PM , which sites are best for certification of PM to get jobs as i am an HR with 2 years of exp and want to shift into PM kindly make a video on this pls

[@pitolinmotion]

Will keep this in mind :)

[@dennisr263]

Imagine spending 20 bags on a c200 🥲🤣

[@pitolinmotion]

Lool you not a c200 fan then ?

[@AWholeVibe96]

13.7% INTEREST 🥴🫠 Whew! Good gracious they did you wrong! My current is 2.3% on a 2020 Hyundai. I’ll never leave my bank 😭. I want a Genesis next! 20:02 sometimes people have to do it so they learn.

[@pitolinmotion]

😅😅😅 100% girl! That was a major L I took 😅 I just had no idea what I was getting myself into at the time! Never again And you right. Sometimes you just gotta go through it ! But haha I’m hoping this video will help people not waste time !