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Bank Loan For A Car..

PatchLatics
PatchLatics Posts: 73 Forumite
in Loans
Hey all.

I was just wondering the best way to pay for a car as I don't have enough to pay it directly. I want to lend about £1,500 and would like to pay it off for up to two years. Cheapest possible.

I have a steady job and just been promoted to Credit Control at work. Oh and I'm 18 years old.

Thanks for any help, greatly appreciated.

Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You won't get a fantastic rate for that amount plus the fact that you are only 18.
    How much can you afford to save per month?
    IMO you should aim to have a monthly repayment of only half of the amount you save.
    If you have no savings then basically you can't afford a loan.
  • Malky
    Malky Posts: 694 Forumite
    PatchLatics wrote: »
    I want to lend about £1,500.
    Borrow ;).....
  • Tassotti
    Tassotti Posts: 1,492 Forumite
    Learn English and it might help you out...

    If you asked me "I want to lend £1500", I'd tell you to learn English, then learn something else and maybe get a job where you didn't need to 'lend' money

    Shhhhh
  • Clive_Woody
    Clive_Woody Posts: 5,945 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Tassotti wrote: »
    If you asked me "I want to lend £1500", I'd tell you to learn English, then learn something else and maybe get a job where you didn't need to 'lend' money

    Now, moving on to punctuation for the next lesson....

    :D
    "We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein
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