Car finance advice

ShrewsfanIC

Hi guys

New to these forums really, i know someone will be able to help with my query

I am on a DMP and am trying to get a replacement car relatively cheap. Im pretty certain I wont get finance for it given my circumstance but if I can offer a guarantor would that be acceptable in most cases?

Thanks in advance

hewhoisnotintheknow

dmp? what that

LinasPilibaitisisbatman

Debt management plan

And brillant. Get on a DMP then buy an expensive car.

Its time that courts crack down on !!!!takers like this.

Plenty of cheap cars around. buy one of them, or get public transport.

ShrewsfanIC

LinasPilibaitisisbatman wrote: »

Debt management plan

And brillant. Get on a DMP then buy an expensive car.

Its time that courts crack down on !!!!takers like this.

Plenty of cheap cars around. buy one of them, or get public transport.

Thats not what I said... I said a cheap replacement car. I need a car for work, my current one costs me £192 per month on finance and i would rather halve that and pay the rest to my DMP

Thanks for the assumptions anyway

LinasPilibaitisisbatman

The chances of you being able to get rid of it without a major loss is unlikely. Secondly car finance at half that cost is unfeasible unless you want to buy an old car over five years and be paying finance on a 10 year old car.

ShrewsfanIC

I think ive got bases covered on recovering my costs... its literally just getting a different motor... if i could afford to go out and pay cash of course i would, but then i wouldnt be looking to cut costs if i had cash!

hewhoisnotintheknow

save up 1000 and buy a decent cheap simple car, get out of debt before taking on more