We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Car Dilemma
Options
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.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards