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Car Dilemma
theunderground
Posts: 50 Forumite
in Motoring
My car has just been written off (not my fault) and I will be expecting in the next few weeks a check for around £3700.
I currently do about £25k a year, so for £3.7k I don't think the car will be up to much.
I do get a £4k car allowance but was wondering what people thought the best thing to do was.
I have savings but am saving for a deposit, so don't want to use that or dip into my salary and could really do with using the £3.7k to pay off my car loan.
Leasing - but I think it would be v expensive with my mileage.
Contract Hire Purchase?
Buy a cheap car?
Not really sure what to do, any advice much appreciated.
I currently do about £25k a year, so for £3.7k I don't think the car will be up to much.
I do get a £4k car allowance but was wondering what people thought the best thing to do was.
I have savings but am saving for a deposit, so don't want to use that or dip into my salary and could really do with using the £3.7k to pay off my car loan.
Leasing - but I think it would be v expensive with my mileage.
Contract Hire Purchase?
Buy a cheap car?
Not really sure what to do, any advice much appreciated.
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