Unsecured car credit with CCJ and a large deposit

heathcote123

Daniluvsuall wrote: »

Around £1500 a year which is what I expected.. the things we do for a nice car eh?

It'd be the same if not more on a Beemer or a Porsche.. it's somewhat low because of the type of car and my age - Not a car you'd associate with my age

Thats not too bad, I would have expected a lot more at your age.

Regardless, dont think you'r going to get the loan, unless you have someone go guarantor for you. Even if you can, in my eyes it's a bum move.

poppasmurf_bewdley

ceegee wrote: »

I've got a 106. It's 13 years old and it gets me from A to B.

Getting me from A to B is all I want from a car. My daughters (aged 23 and 19) don't understand this concept.

I used to have a neightbour whose daughter REFUSED to ever travel in their beige Maestro - and I don't blame her!

Daniluvsuall

poppasmurf_bewdley wrote: »

I used to have a neightbour whose daughter REFUSED to ever travel in their beige Maestro - and I don't blame her!

Maestro was awesome, Montego Turbo would be even better.

Alas they have all rotted away now or someone smashed the dash in because the car was talking constantly.

Beige though, That's pretty bad..

As said previously I have no issues with any car but I drive a car out of the sheer pleasure and convenience - the 106 I had was horrible to drive and I saw everyone else with one, Something I did not like (I like to be a little different.)

poppasmurf_bewdley

Daniluvsuall wrote: »

Maestro was awesome, Montego Turbo would be even better.

Alas they have all rotted away now or someone smashed the dash in because the car was talking constantly.

Beige though, That's pretty bad..

As said previously I have no issues with any car but I drive a car out of the sheer pleasure and convenience - the 106 I had was horrible to drive and I saw everyone else with one, Something I did not like (I like to be a little different.)

That's the first time I've ever heard a Maestro described as 'awesome' - it was so bad even the maker stopped putting their brand name on them so people couldn't identify who made it!!!

Kitte

I think there are two debates going on here. The first is about the car in question and the second is about the method of purchase.

Although I have, and will continue to advocate the 'bangernomics' approach, I realise of course it is not for everyone. If I used my car daily, did big miles or simply cared a bit more I'd get something nicer in a heartbeat. I'm now 27 and keep eyeing up Audi A4s, ideally the 180 Quattro, from about 2001-2003. Great value now at only £2-4k, but I cannot justify even this to myself when my £650 Peugeot 306 does everything so well without a complaint.

The E350 CDI isn't exactly the top of my list, but having been a fan of big, powerful estate cars since my teens, I don't think I have a right to comment on other's choices!

As I alluded to before, I've had cars before costing at least my annual salary. I don't really regret owning them, but I know I'd have more in the bank now, or a lower mortgage, if I stuck with a Mk3 Fiesta like most of the students in my day rather than trying to crack the 300bhp barrier at 21.

The biggest difference, though, is that I bought my cars in cash. Granted, they were not £40k cars (the most expensive was £15k at 3 years old) but buying them in cash did mean that I did not have to worry about owing money on a depreciating asset or worry that my situation may change.

At the end of the day, my advice would be to save hard for the car you want. If when you managed to accumulate £40k in the bank, you still want the E350 CDI then go for it with wild abandon. I bet, though, that if you actually had £40k sitting there in a savings account you'd find it quite difficult to part with all of it for a car!