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Finance for a car whilst on benefits
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i dnt need opinions on me sisters situation i work and have no problem with people who actually need money to get it, i wouldnt deny someone who general needs it the basic cost of living, that says something about your character and not my sisters0
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what about a loan from the social. I dont know anything about them, just a shot in the darkIf you tell the truth you don't have to remember anything. - Mark TwainNappies and government ministers need to be changed frequently and for the same reason0
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There used to be companies who would lend to benefits clients but i fear those days are long gone i know lombard financed a caravan for my ex inlaws when they were on benefits but we are talking 8 possibly more years ago and i doubt they would do it now. It kind of p'd me off at the time as me and the ex couldnt afford a holiday even with both of us working full time yet they were on benefits and could afford an £6000 caravan but then thats a completely different situation to your sister they hadnt worked for 14yrs or more so im not having a dig more of a personal rant ;-)
I would look at a shorter term loan for alot less money as others have said you can pick up a half decent car for a few hundred pounds i paid £750 for my last one and got 3 trouble free years out of it only thing i had to get were new tyres once and im sure if i had looked after it a bit better i would have gotten a couple more years out of it head gasket went in the end and was going to cost more to repair than the car was worth i still got £150 pounds scrap for it so i dont think i did to badly all in all :-):jFriends are like fabric you can never have enough:j0 -
thanks i think she could see about that
i guess theres no finance options out there but thought id check on here
i really value everyones advice so thanks everyone0 -
If you got a car on finance you would need...
The loan (usually a minimum of £3k from car finance firms so would be more than £80 a month, more like £110)
Gap insurance
Car insurance
Money for petrol
Money for car tax
A kitty for anything that goes wrong with the car.
Whilst on benefits you don't have a hope in hell of getting a loan for that much.
You may find a smaller personal loan for £750 depending on your credit rating for which you can by a pretty good car with.
I paid £695 for an S reg Fiat Punto a couple of weeks ago.
The £80 you think you will have from not using taxis/busses? That will cover your insurance premiums each month for someone who has less than one years driving experience and no NCB.
Plan on £10 in petrol for every 75 miles you do.
For the tax disc, you should find a car with some tax on it. Buy £5 savings stamps from the Post Office (they still do them) and this will help pay for the tax disc when its due. If you get a car like mine, it will cost you around £67 every six months.Remember this: nothing worth doing is easy.0 -
what about a loan from the social. I dont know anything about them, just a shot in the dark
The social would not loan money for a car. £10 to see you through to your next giro, maybe. £100 for a new carpet because your pipes burst and you have a baby on the way, maybe. A car? No way!Remember this: nothing worth doing is easy.0 -
yeah i mean the £80 is for loan repayments only tax/petrol etc not included. calculated everything except gap insurance which dnt think will be opting for. i understand theres not going to be a chance of this now but it was worth checking anyhoo.
£750 is a really good price for the car n the idea of the savin stamps is brill thanks
if anyone knows some sort of personal finance for £750 that would be great
really not too fussed bout the car its just most companies have a minimum loan amount
thanks agen ppl0 -
yeah i mean the £80 is for loan repayments only tax/petrol etc not included. calculated everything except gap insurance which dnt think will be opting for. i understand theres not going to be a chance of this now but it was worth checking anyhoo.
£750 is a really good price for the car n the idea of the savin stamps is brill thanks
if anyone knows some sort of personal finance for £750 that would be great
really not too fussed bout the car its just most companies have a minimum loan amount
thanks agen ppl
Go to autotrader website and you should see a little box on the right somewhere down the main page which will take you to a place where you can fill in some details and it will give you some suggestions on how to apply for a loan and with whom.Remember this: nothing worth doing is easy.0 -
OP.
Why on earth would you think a lender would give money to someone that doesn't earn anything?
1. The lender would have to be a certified fool
2. The borrower would be back here within weeks asking how they can get out of payiong it back.0
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