need new car, but still have almost £6k to pay off current loan, HELP!

thriftychap_2

I think most people will join me in asking.....what car is it and the reasons you wont feel it will last?

Derivative

Chriswt wrote: »

...apart from all the people that do 'need' a car like those who live in the back of beyond or for travelling to work where there is no public transport etc etc!!!!

Noone forced you to live 30 miles from civilization.

sar050680

OP, I did what your thinking about 2 n half years ago, I had 18 months left on my orignal car loan and put it back up to 5 years, the repayments went up. Now I still have 2 n half years left to pay so I'm still in the same position. The cars not worth as much as the loan.

We are sorry we did it then so my advice is to try and stick with the car you have and get rid of the loan by overpaying as much as you can afford.

HTH.

Chriswt

EdgEy wrote: »

Noone forced you to live 30 miles from civilization.

Good guess but wrong as I live 5 mins away from a tube station. However my job requires I have a car as do many other peoples.

However living 30 mins from civilisation (spelt with an S) would save me about £200,000 on my house price which is a bigger saving than going without a car....


I believe this lady asked for advice from people and not pointless opinions, however this forum is riddled with people desperate to give opinions rather than advice.

buglawton

looks like this thread is really about managing debt, not buying a car

maybe OP needs to get advice on how to pay off the current loan much more economically

yorkshire-lad

You must be crazy to even think about this.
Don't do it!!

Look at my sig,I'm talking from experience.
I took a personal loan for a car then stupidly decided to buy another of finance. I am paying for a car I haven't even got!
I am 23 and I too am starting to think about moving out but can't because of this horrible debt! Luckily both my loan and finance end at the back end of this year.

Please just manage paying your current car, keep it serviced regular and you will find out of any faults before they get worse.
Buying the 'new' car has Been the worst decision of my life along side accepting a credit card! Please don't make the same mistake.

Good luck.
YL

buglawton

EdgEy wrote: »

Noone forced you to live 30 miles from civilization.

see this link:
Living in countryside costs £2600 more a year - Telegraph

Inactive

Chriswt wrote: »

...apart from all the people that do 'need' a car like those who live in the back of beyond or for travelling to work where there is no public transport etc etc!!!!

Nobody " needs " a car, they can use a bike or a moped.

Inactive

Chriswt wrote: »

However living 30 mins from civilisation (spelt with an S) would save me about £200,000 on my house price which is a bigger saving than going without a car....

.

Exactly, it is a " convenience " as I said before.

Nobody " needs " a car, there are many people that do not drive, they manage just fine.

Chriswt

Inactive wrote: »

Exactly, it is a " convenience " as I said before.

Nobody " needs " a car, there are many people that do not drive, they manage just fine.

I NEED a car or I can't do my job!! simple.

For a lot of people a car is a necessity and I can't believe I'm having to explain this to adults!!!!