HELP car finance rejected

DCFC79

ScottF wrote: »

Now I'm 25 in full time employment earning good money cleared all my debts and wanted a nice new car to get me started.

Get you started for what ?

ScottF wrote: »

Im paying back 2 debts 1 of a old credit card from 5yrs ago have like £1000 and £270 odd on a car insurance which i cancelled last year!
I know i dont want a banger i just want some financial help to get a reliable car

Reliable cars dont need to cost 16k, reliable ones can be bought for much less but at end of the day its your choice.

ScottF wrote: »

Btw im paying back £50 each week to clear each debt everyweek without fail

So you want a loan yet you have £1270 in debts but only paying £50 towards them, surely you can afford to throw more at the debts.

ScottF_2

I was putting down 1000 down as deposit from my savings which i pay £50 a week into a barclays isa automatically

Thanks again everyone

pvt

ScottF wrote: »

I was putting down 1000 down as deposit from my savings which i pay £50 a week into a barclays isa automatically

Thanks again everyone

£250 a month for 60 months is £15k. So is this a 0% deal?

ScottF_2

Yes from thurlow nunn vauxhall

pvt

ScottF wrote: »

I know i dont want a banger i just want some financial help to get a reliable car

The thing you can rely on a brand new £16k Corsa to do is depreciate like a house brick.

ScottF_2

pvt wrote: »

The thing you can rely on a brand new £16k Corsa to do is depreciate like a house brick.

It was 1.2 diesel i thought itd be a good runner

dealer_wins

Also ask yourself.

What happens if I lose my job.
What happens if I get seriously ill.
What happens if I want a mortgage.

Etc Etc

Because thats what lenders will be asking themselves.

DCFC79

ScottF wrote: »

It was 1.2 diesel i thought itd be a good runner

Im no expert on diesels so dont bite my head off as you might well be aware but

Have you seen the price of diesel ?
Do you do the miles to warrant a diesel ?

Robisere

From Vauxhall site:
Corsa 1.2i 16v VVT 5-speed (not basic, well up the range)
Deposit: £1,000
(48) x £ 224:59
Final RRP: £12,530:00

Google for Vauxhall Motors FIRST!

Pleas do not get yourself into debt over a car purchase. I did the same a long time ago, whilst in the army. It took me many years to get out of trouble and it destroyed my relaionship with some of the family.

Clear your debts, buy what you can afford for now. I have been there, it damages you in many ways and it damages those close to you. Build up your CR.

ScottF_2

DCFC79 wrote: »

Im no expert on diesels so dont bite my head off as you might well be aware but

Have you seen the price of diesel ?
Do you do the miles to warrant a diesel ?

Well my partner is going back to uni in 2weeks which is 150miles away so i figured when i travel to and from so i figured a diesel would suit me.