CreditWest Bank & Tiga Trading - Cars Bank loans now availableNorth Cyprus Forums Homepage Join Cyprus44 Board | Already a member? Login
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TigaTrading
Joined: 25/06/2009
Posts: 186
Message Posted:
14/01/2010 10:51 | | Join or Login to Reply | Message 1 of 10 in Discussion |
| Hi
We have managed to negotiate with CreditWest Bank bank loans for expats. 50% down payment and 50% loan on new car price.
Please check out our website http://www.tigatrading.com |
parkview
Joined: 12/03/2009
Posts: 1123
Message Posted:
14/01/2010 11:03 | | Join or Login to Reply | Message 2 of 10 in Discussion |
| What are the rates credit west are charging on loans please |
bankadan
Joined: 14/12/2007
Posts: 979
Message Posted:
14/01/2010 12:05 | | Join or Login to Reply | Message 3 of 10 in Discussion |
| Tiga/Creditwest
What are the interest rates and also terms of this deal please? |
TigaTrading
Joined: 25/06/2009
Posts: 186
Message Posted:
14/01/2010 12:06 | | Join or Login to Reply | Message 4 of 10 in Discussion |
| Rates are 5.46%
so based on each £1000 borrowed repayments would be
12 months @ £88
18 months @ £60
24 months @ £46
36 months @ £32 |
bankadan
Joined: 14/12/2007
Posts: 979
Message Posted:
14/01/2010 12:41 | | Join or Login to Reply | Message 5 of 10 in Discussion |
| Tiga, are there any other set up charges or bank fees etc please? |
TigaTrading
Joined: 25/06/2009
Posts: 186
Message Posted:
14/01/2010 13:06 | | Join or Login to Reply | Message 6 of 10 in Discussion |
| CreditWest will require the car to have fully comprehensive insurance taken out with themselves.
Also they charge approx £40 for each £1000 borrowed, so for instance a bank loan of £5000 would cost £200 in bank charges. |
barnaclebill
Joined: 12/12/2008
Posts: 303
Message Posted:
14/01/2010 14:01 | | Join or Login to Reply | Message 7 of 10 in Discussion |
| Good luck Tiga,another step forward methinks.
BB |
TigaTrading
Joined: 25/06/2009
Posts: 186
Message Posted:
14/01/2010 15:32 | | Join or Login to Reply | Message 8 of 10 in Discussion |
| We have been waiting for confirmation from CreditWest on actual charges and this afternoon have been told that the figure is £58 per £1000 borrowed, ie £5000 borrowed = £290 bank charges.
The cars are all sold 'on the road' so registered. M.O.T and emmissions for 3 years, the only additional cost is the transfer of documents into the owners name which is 400TL in this case because of the hire purchase agreement. |
keyholekate
Joined: 08/05/2009
Posts: 81
Message Posted:
15/01/2010 11:19 | | Join or Login to Reply | Message 9 of 10 in Discussion |
| This sounds very similar to what such a loan would cost in the UK. I think it must be the first time anything like this has been available to ex pats. and will probably prove to be very popular. Well Done Tiga Trading. |
fazo1
Joined: 23/08/2008
Posts: 406
Message Posted:
15/01/2010 12:49 | | Join or Login to Reply | Message 10 of 10 in Discussion |
| hello tiga trading do you buy cars in if so i have a 06 ford focus titanium 3door if intrested call me on 05428853211 or email me on nigel172@hotmail.com |
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