Help buying a car

shoe_gal_84

Inactive wrote: »

We all have that " luxury " when it comes down to buying cars ... can't afford it, don't buy it...simples.;)

Actually it's not that simple. I have to have a car for my job, so may have to buy what I can't afford.

Thanks for your help Morpheus, will definitely look into cars that are a couple of years old and consider the loan idea. Will also try to find out if the warranty is transferrable.

hethmar

"We all have that " luxury " when it comes down to buying cars ... can't afford it, don't buy it...simples.;)"

Not if it means the OP losing her job surely!

LandyAndy

Inactive wrote: »

We all have that " luxury " when it comes down to buying cars ... can't afford it, don't buy it...simples.;)

I agree.

But.

'Can't afford' doesn't mean 'don't have the full price in cash'. Even St Martin himself doesn't say that all credit is bad. To the contrary in fact.

I know we aren't going to agree on this BTW.;)

Inactive

LandyAndy wrote: »

I agree.

But.

'Can't afford' doesn't mean 'don't have the full price in cash'. Even St Martin himself doesn't say that all credit is bad. To the contrary in fact.

I know we aren't going to agree on this BTW.;)

Indeed, however the OP asked for advice, we all have different opinions, I gave her mine, which she clearly didn't want to hear, you gave her yours, which she did want to hear.:)


I don't take too much notice of what " St Martin " advises, I seem to recall Icesave being on his wish list...:rotfl:

Rossy.

shoe_gal_84 wrote: »

Actually it's not that simple. I have to have a car for my job, so may have to buy what I can't afford.

Thanks for your help Morpheus, will definitely look into cars that are a couple of years old and consider the loan idea. Will also try to find out if the warranty is transferrable.

What is it you do that makes it a neccesity to have a car?

are you self employed?

As others have said. I bought a RS Clio 197 on finance. It's been reliable but extremeely expensive to run.

I've got to a point where my finances have spiralled not because of spending but more so personal issues. I've handed the Clio back to the finance company and am waiting to hear what i owe and will pay back what i can afford.

At the moment i'm running around in a 1.9dci Laguna. It cost me £1500, looks nice, drives superb, has 5 doors so easy for my kid, plus it's cheap to run as it's diesel.

I#ll never ever get a loan or finance for a car ever again. At least my Laguna is paid for and i'll i've to do is add fuel

think wisely and don't jump into something you'll regret

Rossy.

shoe_gal_84 wrote: »

Actually it's not that simple. I have to have a car for my job, so may have to buy what I can't afford.

Thanks for your help Morpheus, will definitely look into cars that are a couple of years old and consider the loan idea. Will also try to find out if the warranty is transferrable.

What is it you do that makes it a neccesity to have a car?

are you self employed?

I agree with some of the comments against finace as others have said. I bought a RS Clio 197 on finance. It's been reliable but extremely expensive to run.

I've got to a point where my finances have spiralled. Not because of spending, but more so personal issues. I've handed the Clio back to the finance company now and am waiting to hear what i owe and will pay back what i can afford.

At the moment i'm running around in a 1.9dci Laguna. It cost me £1500, looks nice, drives superb, has 5 doors so it's easy for my kid etc, plus it's cheap to run as it's diesel.

I'll never ever get a loan or finance for a car ever again. At least my Laguna is paid for and i'll i've to do is add fuel etc

think wisely and don't jump into something you'll regret

gilbert_and_sullivan

OP, it doesn't do you any favours to jump down the throats of people that are trying to give you good advice, some of us have been around a few years now and there's probably never been a more uncertain outlook for all of us (except politicians and those that own them) than this particular time in the last 50 years, if you think things are bad now wait till interest rates rocket which they will.

I'm in the do not get credit/finance or whatever nice sounding term they want to give it, things may go well for you and you manage it alright but you've come a long way and from your first post will be clear of debt by middle next year...WELL DONE by the way, now don't undo all that by being seduced by some shiny paint.

Car wise, exactly what is going wrong with the present car, might be worth putting a few quid into it, if not why not search out another 106/Saxo, some around on 02/03 plate with very low mileage....cracking little cars by the way and don't cost a lot to buy or run.

First thing i'd do is get someone you trust to give your present car a good look over and see what's wrong.

shoe_gal_84

Thanks for your comments.
I work as a Community Fundraiser, meaning that I have to use my car to go out and about in the community - I cover half a county so it can mean driving quite long distances. Being Norfolk, most of the miles I do are on small country lanes, and often at night as well. Therefore a reliable car is a neccesity for me.

My car has lasted me well, but Saxos are renowned for not having great brakes and it it starting to rust, meaning that it needs a fair bit of money spending on it - which I just don't have and cannot justify.

My partner's uncle MOTs my car so I know that I can trust any work that has been done to it. The MOT in June came with a long list of recommendations which I just cannot afford to have done to it at the minute, it seems a better idea to cut my losses and get a newer car. I very much doubt it will get through it's MOT in June 2011 without a lot being spent on it.

I am very fortunate in my position as a fundraiser for a charity that runs on public donations rather than the government and I have been pretty much guaranteed that my job is safe.

taker920

You should always take into account finance deals / leasing when looking at the various options to fund a replacement car as in rare cases they can work out cheaper than a straight cash deal.

However this invariably means relying on the released cash earning a good return over the life of the deal which is in no way certain atm