need a car credit card or loan?

toochoosey

i am looking for a car for a friend, she has recently signed a tenancy agreement on a flat but also needs a car. Unfotunatley, at 22 she cannot afford to do both debt free, which is the best way to finance this new purchase? I think she only wants to spend £1000 or less. Any advice greatly recieved.

Sorry if wrong site should i be on another if so which one?

SO MANY!!!!!!!!!!!

BYALPHAINDIA

Be careful, I have just been talking about this on another thread.

You can get a bargain of a car for 500.00 or under.

I bought a Ford Mondeo 5 months ago - 12 months MOT, 6 months TAX = 400.00

You don't need to spend 1,000 or more it's all a 'myth'

And if you do get finance, The companies will be on your back on the most 'trivial' matters.

Good Luck.

Pew_Pew_Pew_Lasers!

Buy a banger with mucho MOT and tax. Run until it dies. Buy another banger. etcetera.

anewman

Pew_Pew_Pew_Lasers! wrote: »

Buy a banger with mucho MOT and tax. Run until it dies. Buy another banger. etcetera.

Buy a banger for which parts are cheap. Keep repairing problems and replacing parts until something expensive fails - then buy another banger of the same model and be prepared to get your hands dirty removing as many parts as possible from the old car. Headlights, doors, electrics, ECU's, cylinder head, injectors, gearbox, steering rack - basically anything and everything you could possibly use on the next car - then weigh in the shell as scrap metal.

Down sides, needs storage space, involves spending lots of your time learning from Haynes getting hands dirty and buying tools and spending time removing and storing bits you'll probably never need or use.

Plus sides, if a part fails in the next car you have the part and already have experience of removing it on the old car and the tools needed (although usually things are more difficult to put together than take appart)

BYALPHAINDIA

And you might enjoy doing the work yourself.

Hintza

I agree with above posts but I would strongly advise on taking out any sort of credit agreement in this economic climate if as your post suggests your friend is that hard up.

If you think things look bad today just wait, house prices in this country are still rediculously high and the government still thinks it's a good idea to try and support them.

Be very very careful just now with money.

toochoosey

a bit late sorry i think she has decided to put her name on her flat-share's car and wait to save (the most logical way probs!!!!!!!!), thanks for all your replys