Car loan for student

tonki_boat56

Hi i am looking to buy my first new car and i was wondering if i shoulf take the option of a load or would it be better for me to pay installments to the car dealer.

I am a working student so i can pay around 170 a month or maybit more 200 max a month

can anyone give suggetions please

I am leaning more towards the pmonthly installments becuase the car dealer is offering free 1 year insurance and aslo 0% intrest.

Glitterari

0% for you as a student? Have you actually checked this out and had it confirmed that you would get this?

If not I think you would find it very difficult to get a decent interest rate as a student.

A) Why do you need a car

and

Why not get a cheaper 2nd hand car?

tonki_boat56

yes i am a part time student so yes i can go for this option 100% its confirmed.

tonki_boat56

I need the car to get to university 45 miles in total aday or even more
and i need it to get to work which is 45 mins away also
and i need it even more for my gran so i can provide her some transport.

roswell

If your gran needs transport she will get a motobility allowance ....

As for taking on a loan as a student you are very brave I assume you will have student loans as well ... why not move closer to uni ?

tonki_boat56

what are the requirements for motobility allowance ?
I only go in 2 days to uni for 1 hour and its my final year so no point now.