I recently went with my daughter to purchase a car advertised at £7295, she had £500 deposit so when they credit searched her it came up as a decline (because of her lack of credit history). I then said i would take it out in my name so they credit searched me and it came back ok, now here's where the con starts, all but one company declined me and surprisingly Black horse accepted me at an Apr of 16.4% or so they said, I then starting asking questions about Black Horse as I used to work for a debt management company and I know them to be an adverse lender and surprisingly car craft's computer went down so they couldn't sort my finance out, because they know I would have declined the true 33.5% Apr that this loan carried. Iam a 44yr old house owner 0n £30k+ no defaults no CCJs but would have gone with 16.4% as my daughter was happy, so we paid the £500 deposit and arranged to go back the following day to finalise the credit. When we went back i was presented with an agreement with 33.5% Apr and costing her over £12k. I said no way you are ripping us off but looked at my daughters eyes welling up and thought sh**. They said i had the right to cancel the agreement within 14 days so the following day i got another loan to pay theirs off and i have saved over £4k in interest. Carcraft are praying on the poor and vulnerable they dont have low rate finance companies on their books so beware unless you are absolutely desperate give them a wide birth.