Only question that occurs to me is how a personal loan affects credit score, being unsecured lending vs a car specific finance product that is secured against the vehicle.
A mortgage (as long as it is affordable) is a positive thing for your credit score I believe, whereas my score goes down when I take a personal loan out, even if the monthly repayments are (relative to disposable income) very affordable.
Ah maybe you're right! So I wonder if there's a difference between say using the retailer finance option, or arranging finance yourself, in terms of say PCP. Does one hit your score worse than another?
Only question that occurs to me is how a personal loan affects credit score, being unsecured lending vs a car specific finance product that is secured against the vehicle.
A mortgage (as long as it is affordable) is a positive thing for your credit score I believe, whereas my score goes down when I take a personal loan out, even if the monthly repayments are (relative to disposable income) very affordable.