Car finance for 18 year old with guarantor?

iolanthe07

I'm retired now, but if I had just a tenth of the money I've wasted unecessarily on cars over the last 47 years, I'd be having a very comfortable retirement.

Peelerfart

iolanthe07 wrote: »

I'm retired now, but if I had just a tenth of the money I've wasted unecessarily on cars over the last 47 years, I'd be having a very comfortable retirement.

I'm not retired now, but if I had just a tenth of the money I've wasted unecessarily on cars - I would be.

malkyh

Peelerfart wrote: »

And another Corsaboy is born,dont forget to get the yellow one!


Can you get a tecnho pack on a Vauxhall?

Yellow???? Orange is the way forward. Broom Broom

MentalMinnie

Oh my days. Chav-tastic!

MentalMinnie

Also, I think this thread is a wind up.

geoffky

MentalMinnie wrote: »

Also, I think this thread is a wind up.

I do not because you would not believe what we see here...this is a sensible one compared to some.

LovelyLeeds

Ryy90 wrote: »

I have no other outgoings other than petrol etc.

What is the 'etc'? Anyone who drives a car knows how expensive 'etc' is.
The gist of this thread is 'don't do it' but I suspect you still will if you can!
Does your dad know what being a guarantor fully entails? He is effectively insuring your debt, ie if you default, the loan becomes your dad's until it is paid.
A £5K deposit should be seen as a gift from the gods, use it wisely, I certainly wouldn't use it to soften the blow of a huge loan at 18 - I can't think of anything worse than to be saddled with debt at that age.

Emmzi

I think this is trueunitedfan and I claim my ten pounds!

Tremour-88

I don't understand why young guys are obsessed with expensive cars that will lose 50% of there value in the first 18 months, you can buy a 6-month old car for about 30% less than brand new price.

I'm going to buy myself a new car today, 2003 Ford Focus 1.6 for £1,300 its a nice decent run around and cheap.

jc808

you cant afford it buy an old banger 500 squid sorted