Motability car or little run around?

KittyBoo_2

I get Higher Rate Mobility and have a new VW Polo through the Motability Scheme.
I get insurance, breakdown cover, service, tax etc included in with this and it costs about £50.00 per week.
I have a friend who is selling her car for £500 and this is taxed and tested until Jan. 2011 and has full service history.
I have DMP with creditors and paying minimum payments.
My mortgage is interest only at the moment.
Should I get the little runaround and use the DLA money to pay off debts and up my mortgage payments or carry on with the minimum payments and keep the new car?

beanielou

This is always a difficult one.
Could you arrord the maintenance and any repairs if you bought an older car?

Tixy

Have you got an insurance quote for your friend's car?

Have you costed out all the annual costs and how much you would need to save up for the service, MOT, tax, repairs etc that are not paid monthly, as well as monthly costs. How much extra would this leave you with to increase your debt repayment?

I'd agree there is no easy answer and its certainly more of a risk in assuming that the older car won't suddenly need expensive repairs.

AGB863

Tixy wrote: »

Have you got an insurance quote for your friend's car?

Have you costed out all the annual costs and how much you would need to save up for the service, MOT, tax, repairs etc that are not paid monthly, as well as monthly costs. How much extra would this leave you with to increase your debt repayment?

I'd agree there is no easy answer and its certainly more of a risk in assuming that the older car won't suddenly need expensive repairs.

If she decides to take the DLA money instead of have a car through the mobility scheme - she can apply for Road Fund Licence exemption on the grounds she gets High Rate Mobility