Think very carefully before financing anything such as a car with this company. Yes....you can get finance easily if you need a car in a hurry but make no mistake; This is expensive money to borrow. I had to repay £831.02 in interest on a £7000 loan, which I repaid back over a 5 month period. There was no satisfaction in repaying early as there was no savings to be made by doing this as there would have been with a bank.
You would be much better and it would be much cheaper to take a little bit of time and take out a personal bank loan through a bank to finance a car rather than use Motonovo as the interest would have been far far less.
I was under pressure at the time to replace my car and I didn't give it enough thought but I deeply regret using this company as I was a fool not to go to a bank first. So be warned , Think carefully and don't be seduced by not having to make a repayment for the first two months . Nothing in life is free. This type of finance is for fools. It comes with a very hefty cost.
5 years ago
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