About Yes Car Credit
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Get Me Car Finance
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A Little About
History of Yes Car Credit
Founded in 1997 by Len Newby and Joe Prince. YCC had the backing of a venture capitalist and the Royal Bank of Scotland. It formed a UK nationwide network of used car branches where it liked to say “yes” when all other lenders said no. Yes Car Credit specialised in selling and approving used cars on loan packages To people who had been turned down for car credit by other dealers or lenders. Regardless of what credit history you had CCJ’s, defaults, mortgage arrears, council tax problems, or just a bad credit history. It was typical for a customer to pay an higher interest rate the worse their credit score or record is.
There was always around 3500 “quality” guaranteed cars in group stock to choose from. Most YesCarCredit branches had indoor showrooms and the cars were ready to drive away the same day. Also there was special offers e.g. new MOT, AA cover, 3 Years Mechanical Breakdown Warranty. Hey made more money from selling customers insurance than they did from the car loan deals.
The car credit firm was sold to Provident Financial in 2002 in a deal worth up to £141m depending on performance. Over years it developed a disreputable name especially after a BBC documentary. Which uncovered poor sales practice with customers being forced to buy expensive insurance policies. Yes Car Credit was closed down in 2005 by Provident Financial after big expected losses.
With get GetMeCarFinance the application process can be done entirely on the internet.
This will depend on the lender some require a deposit where others do not. It all depends on who you get accepted with.
Cars can usually be purchased from any UK dealer that has a consumer credit license. GetMeCarFinance.co.uk list a big range of cars on their website.
The nature of a car credit loan company attracts bad reviews. That being said the reviews for Get Me Car Finance are pretty descent across the online review websites.