A & L Car Finance - Excellent Package (Alliance & Leicester)

Member Name: Marcus_T

Product:	Alliance & Leicester
Date:	24/10/00 (301 review reads)
Rating:

Advantages: Cheaper Interest Rate, No minumum period, Easy Application Procedure

Disadvantages: None really.

I am used to using the car finance packages that lock you in for ever and a day and charge you the earth for the privilege. Also, by the time you have completed the 24 or 36 months, it is likely that the company will have changed hands at least once.

So.... I discovered the Car Purchase Plan from the Alliance & Leicester. Simple application form completed on their Internet Site on a Sunday evening in August. I received a phone call on Monday lunchtime to confirm one detail. I had the cheque in my hands that Saturday morning and the car in my drive less than 2 weeks after that! Perfect.

The interest rate is realistic and you can cancel the contract at any time with only 2 months interest penalty which is much less restricting than the lock in periods of 18 months or more on some contracts. There is the deferred final payment on this scheme which may not suit all people. They also do not want to take ownership of your vehicle nor do they stipulate maximum mileage per annum.

If you are looking for an alternative way to finance your next vehicle, give these people a try.

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