Help!! I need a loan for £4,000

Gorgeous_George

kyliee18 wrote: »

I've never used this before where would the referral board be?

Here it is (my offer is at Post #13 )

GG

posted_2

How is the current car costing £500/month to insure/repair, and what is the problem with it?

What are the details of the car you have, and the loan/apr and current market value?

PoshPete

How about getting your parents (or a friend) to take out a loan and you pay them back the repayment amount each month?

kyliee18

PoshPete wrote: »

How about getting your parents (or a friend) to take out a loan and you pay them back the repayment amount each month?

Have asked both parents and they can't, and not sure a friend would to be honest. Thanks though.

kyliee18

posted wrote: »

How is the current car costing £500/month to insure/repair, and what is the problem with it?

What are the details of the car you have, and the loan/apr and current market value?

Its £200 in finance, £110 in insurance, £150 in petrol and tax £115.50 every six months/MOT etc very expensive!

The car is very expensive to repair apparently. Don't really want to go into what's wrong with it.

I have a peugeot 206 GTI 180, the finance is 15% APR. Part exchange been offered £4,300 when I only got it a year ago for £7,500?

kyliee18

Gorgeous_George wrote: »

(my offer is at Post #13 )

GG

I went through the process etc and wasn't sure what to do with the lenders bit? You have to sign for it on these 9 lenders? And you have to pay Zopa a fee. I couldn't see a George on there. Could you please explain to me what to do? Thanks

posted_2

If you aren't careful, you could end up worse off, every time you change cars/trade in/take out finance/change insurance, you lose money. Even if you get a cheaper to run car, it won't drastically reduce that cost to run figure. If you've had a years driving claim free, the insurance should come down a bit anyway.

Have you had a quote for the repair and the cost of clearing the finance? Does the low trade-in offer take into account the fault?

Monthly insurance may also be more difficult to get if you have damaged your credit rating by doing too many applications.

kyliee18

posted wrote: »

If you aren't careful, you could end up worse off, every time you change cars/trade in/take out finance/change insurance, you lose money. Even if you get a cheaper to run car, it won't drastically reduce that cost to run figure. If you've had a years driving claim free, the insurance should come down a bit anyway.

Have you had a quote for the repair and the cost of clearing the finance? Does the low trade-in offer take into account the fault?

Monthly insurance may also be more difficult to get if you have damaged your credit rating by doing too many applications.

I understand that you lose money everytime you do this but my car is costing me a fortune at the moment and the cost of running one I have in mind will halve my insurance, cost me half in tax and in petrol too. I already have monthly insurance so hopefully this won't be a problem. Thanks for your advice.