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Advice needed,
I was initially accepted for finance on a new Skoda Octavia vRS Estate(Family is growing and fed up of having the dog on the front seat). and the deal was on the 7th of March when they searched my credit record. The same day HSBC approved me for my loan. Volkswagen have since done a soft credit search on the 16th. On the 18th I had a call from the Skoda dealership saying they are not going to fund my car. The dealership can't understand and they said this doesn't happen.
I phoned Experian and they said it could be they have found more information above and beyond my credit score but without me filling in any information regarding how much i earn or other Finances.
Skoda agreed to take my existing finance on my current car(settlement of £10,966). My loan of £5000 is to pay the negative equity on my car by £3293 and £1415 for deposit. Better APR on loan if £5000 and over.
47 monthly repayments of £261 plus 48 loan repayments of £194(£87 taken from old loan and incorporated into new loan). Altogehter is £63 more then my 2013 Vauxhall Astra.
Im in the Armed Forces and receive a Salary of £25,074. Tax, National Insurance, House, council Tax and a couple more low values are taken at source. Leaves me with around £1466 give or take £10. After ALL bills are paid that gives me around £800 disposable income every month.
Should I appeal and would I get anywhere?
Thanks in advance
I was initially accepted for finance on a new Skoda Octavia vRS Estate(Family is growing and fed up of having the dog on the front seat). and the deal was on the 7th of March when they searched my credit record. The same day HSBC approved me for my loan. Volkswagen have since done a soft credit search on the 16th. On the 18th I had a call from the Skoda dealership saying they are not going to fund my car. The dealership can't understand and they said this doesn't happen.
I phoned Experian and they said it could be they have found more information above and beyond my credit score but without me filling in any information regarding how much i earn or other Finances.
Skoda agreed to take my existing finance on my current car(settlement of £10,966). My loan of £5000 is to pay the negative equity on my car by £3293 and £1415 for deposit. Better APR on loan if £5000 and over.
47 monthly repayments of £261 plus 48 loan repayments of £194(£87 taken from old loan and incorporated into new loan). Altogehter is £63 more then my 2013 Vauxhall Astra.
Im in the Armed Forces and receive a Salary of £25,074. Tax, National Insurance, House, council Tax and a couple more low values are taken at source. Leaves me with around £1466 give or take £10. After ALL bills are paid that gives me around £800 disposable income every month.
Should I appeal and would I get anywhere?
Thanks in advance
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