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Regulated?


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#1 Mini-Hazel-Nut

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Posted 30 October 2020 - 08:33 PM

Hi all, it`s time for me to have another Mini, I have been too long without. I approached a finance company I have used before called Pegasus. I soon found myself looking at two tall hurdles. One is that they won`t even consider private sales and the other is that they won`t consider dealers unless they are FCA regulated (whatever that is). Do any of you lovely people know of any regulated dealers I could approach?  I have been Googling for days and am getting somewhat down-hearted. Any suggestions welcomed.  Thanks, Hazel



#2 GraemeC

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Posted 30 October 2020 - 08:49 PM

Financial Conduct Authority

 

Theres a register you can look businesses up on.



#3 MrBounce

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Posted 30 October 2020 - 10:13 PM

Personally I wouldn't go through a finance company. I reckon that given the low interest rates at the moment I would get a bank loan if you're eligible.



#4 Mini-Hazel-Nut

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Posted 31 October 2020 - 09:14 PM

Personally I wouldn't go through a finance company. I reckon that given the low interest rates at the moment I would get a bank loan if you're eligible.

 

Having looked things up and dealt with 2 companies now I am inclined to agree with you. Some of the interest rates I have seen beggar belief. Thanks 



#5 Dusky

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Posted 08 November 2020 - 08:14 AM

Dont take this the wrong way, I wouldnt go through any finance company. These cars are big enough money sinks already.

#6 Mini-Hazel-Nut

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Posted 09 November 2020 - 07:09 PM

Dont take this the wrong way, I wouldnt go through any finance company. These cars are big enough money sinks already.

 

 

No no, point taken and appreciated. I have sold my small collection of ventriloquist dummies and the results will finance the next Mini which I hope to acquire this week.

                              Take care.






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