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A word about welcome....

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When I was ni the car trade we used to do HP.


It was well known throughout the trade that if a customer was turned down by the main lenders, you could almost always get them on with Welcome.


The reason?


they were up to every trick in the book.



GAP insurance

compulsory £1500 Warranty

and loads more


These were all addted to the loan amount.


So say you bought a car for £3995 and financed £3500 of it... add on PPI, GAP, the warranty, etc and your loan is for £6500.


Often at 35% APR


They KNOW at welcome that they're going to get a 20% or so failure rate amnogst their borrowers, but they don't care. Why would they? They sold you a £200 warranty for £1500!


They are shysters.


TBQH if you need a car, don't borrow off these people. Get a bus until you've saved up enough mnoey for a car!



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