Need a new car but have bad credit

jonboy35

I am needing a new car asap ( I live in the Greater Manchester area) but have some bad credit in the past, I can afford the monthly repayments, but no one is giving me a chance. I have a cash deposit and possible part exchange

any suggestions?

Final_Days

Buy something older that doesn't require you to sign a credit agreement?

mikey72

It depends on what you need the car for.
We've a £475 106 that's gone from the 90,000 miles we bought it with, to 150,000 miles in 4 years we've owned it. It's cost nothing apart from normal service and wear and tear items.
I've just bought another renault for a few hundred pounds that looks and drives like new.
I'd use both for long motorway runs, or just around town quite happily.

glasgowdan

Why does everyone assume they should buy things on credit even if they don't have the money for it? Do you use Brighthouse too?

Buy a cheaper car!

Weird_Nev

£500 will get you a decent reliable car.
£1000 will get you a nice decent reliable car.

Why spend more if you don't have it?

jonboy35

glasgowdan wrote: »

Why does everyone assume they should buy things on credit even if they don't have the money for it? Do you use Brighthouse too?

Buy a cheaper car!

No I dont use Bright House !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Johnny_Barnes10

Weird_Nev wrote: »

£500 will get you a decent reliable car.
£1000 will get you a nice decent reliable car.

Why spend more if you don't have it?

Exactly, I'm in the position of needing a car for Jan. It does need to be realible as I'll be doing loads of miles, BUT I'll not be going down the credit route. £600 saved and looking to build it to £900-1000. Was aiming for £1.5k, bu as I've said I'll look at my budget then choose what I'll have.

Op you say you've a part ex car, would imply you don't "need" a newer car?

LandyAndy

Weird_Nev wrote: »

£500 will get you a decent reliable car.
£1000 will get you a nice decent reliable car.

Why spend more if you don't have it?

Equally £500 will quite possibly get you a nail and £1000 will quite possibly get you a nail you feel obliged to fix rather than scrap.

Weird_Nev

LandyAndy wrote: »

Equally £500 will quite possibly get you a nail and £1000 will quite possibly get you a nail you feel obliged to fix rather than scrap.

The same is true for a £5,000 or even a £10,000 car ,except you stand to lose much more particularly if you take a loan or finance on it.

Are you suggesting the OP buys new to get a warranty?

I paid £700 for my car two years ago and it's given 16,000 miles good service. It's even good to drive and well appointed.

It can be done. It just take research and a wary purchase.

LandyAndy

Weird_Nev wrote: »

The same is true for a £5,000 or even a £10,000 car ,except you stand to lose much more particularly if you take a loan or finance on it.

Are you suggesting the OP buys new to get a warranty?

I paid £700 for my car two years ago and it's given 16,000 miles good service. It's even good to drive and well appointed.

It can be done. It just take research and a wary purchase.

As cars get older they get cheaper and less reliable and the likelihood of getting a nail increases.

When you say you can get a decent car for £500 you are correct. However the chances of getting a decent car for that price are considerably less than if you pay £5000 for a newer example of the same model.

We don't know the OPs intended usage or their mechanical knowledge or their experience in buying cars.

It may be, for them, a better proposition to raise some finance and buy a rather more expensive car to give them an increased probability of getting something that suits them.

The OP states quite clearly that the proposed repayments are affordable. Buying things on credit is not the 'great evil' some people here suggest (even Martin doesn't suggest it). The problem is in taking credit you can't afford.

Johnny_Barnes10

Thing is I've read loads on here that say "I can afford the payments", then you see threads where "my situation changed". Affording the payments is one thing, the car will still need to be maintened, petrol, insurance and tax etc too. A lot of people don't realise this, IF I was going to get a loan I'd base it on worse case i.e. affording payments if I was to lose my job etc.