I'm thinking of buying a car with Boomerang Finance but wondered if it's a scam
2007-05-24 08:25:39 · 2 answers · asked by tartan.army 2 in Business & Finance ➔ Other - Business & Finance
Looks like a Pawn Shop = where you borrow against some property = and if you fail to pay it back withgin the defined time period (in their case 52 weeks), they keep the car.
I bet the Interest Charges are sky high and a lot of people loose their cars .
Most Garages are so desperate to sell cars that they will give your 3 years 'Interest free' credit ... why not ask the Garage first ?
If your Credit Rating is so poor that they won't let you buy a car on Hire Purchase or whatever, then you should NOT be borrowing any more money (in a year or so the Car will be re-possessed and you will simply end up with no car but more debt...)
2007-05-27 02:11:29 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
cant help you never heard of them!
2007-05-24 08:29:49 · answer #2 · answered by srracvuee 7 · 0⤊ 0⤋