Loan declined- maxed credit?

DCFC79

tiggerbodhi wrote: »

If the ECU is on its way out (unlikely as they do or die normally) can cause problems with emissions or control of ABS and other MOT items, IMHO from your posts your are not very car "savvy" and maybe your garage is taking the pee, if the ECU was causing issues on an MOT (it would be noted on the advisories) you should really get it done now not wait a year, might be worth a second opinion though, personally if you ahve spent out already on the car you know those bits are good for a number of years, buying cars in the £5-7K is very risky, go low and there is not the profit in bodging so you are more liekly to get an "honest motor"

Tony isnt the OP but Sfitzter is.

Apologies if you knew

somethingcorporate

I'll have to join the buy cheaply but sensibly brigade.

Bought a Toyota Yaris with 100k on the clock 5 years ago for £1,500. It now has 150k on it, we've replaced the exhaust, brake bits and the battery. 5 years of happy motoring on an absolute shoe-string.

You've got loads of debt and looks like you've not woken up to the fact you are making bad financial decisions on cars (it appears lots of people think this is ok but people taking out finance on cars don't understand either finance or cars).

forgotmyname

A friend of a friend saw the light and swapped his expensive car for an old 1982 Ford Cortina estate.
Took a bit of finding to get one with perfect bodywork and no rust, Or previously repaired rust. Paid over £2000 for it..
But as he puts it. Its old school technology the garage guy was brought up on them and can repair anything for peanuts.

His clients love it. Nobody looks at the badge and wonders if you have the base spec model or the top of the range. Nobody cares they all love it.

Im thinking the same way, I wouldnt mind an old MK2 Granada.
2L or 2.8 V6 ?

Its ever in my mind a clutch for my car at the dealers is around £1000, Injectors are £600 each. Although you can the clutch for £600 and Injectors for about £150 for reconditioned. Its still a lot of money for what is 2 fairly minor parts.

£2000 is plenty for a reliable car.

Starter motor, Clutch, battery and brakes are not exactly going to break the bank.

Sell the car and buy something fun like an MX5. Reliable as they come. £1500 for the car £500 in the hand for any bills and £2000+ off your loans.

27col

Some sensible advice about car ownership in the above posts. But I suspect that the advice may well be ignored.
I subscribe to the "better the devil you know" theory of car ownership.

DCFC79

27col wrote: »

Some sensible advice about car ownership in the above posts. But I suspect that the advice may well be ignored.
I subscribe to the "better the devil you know" theory of car ownership.

I wouldnt expect anything less

Bravehearted_2

Some people will justify getting a shiny new car any which way - even when they can't afford it.

27col

DCFC79 wrote: »

I wouldn't expect anything less

DCFC, you know me so well.

[Deleted User]

Thanks for all the responses. I have been able to secure financing using the car dealer on a hire purchase basis.

Now a (small) rant - I am aware that this is a moneysaving website and I mean no personal offence with this (I did not take offence), however I am concerned about the attitude on this post as well as others I have read on this board.

There seems to be an inference that if I, or indeed other similar posters, were not to follow given advice, that I am a fool. A smugness is evident in many posts on this board which makes me uneasy. I received a few very helpful responses to this post via private message. I wonder why they are more prepared to offer advice in private rather than on the public forum?

My partner and I have 9 years of University education between us and we both work incredibly hard in a very demanding profession. We have worked, and continue to work very hard to be able to begin careers in which image matters.

Is taking out finance on a 7k car the most financially prudent investment I'll ever make? Of course not! However, its a high MPG, low road tax, (hopefully) low upkeep car. Its no Porsche.

Unless you are offering something constructive, perhaps you should be keeping your opinions to yourself or your Facebook feed.

DCFC79

Sfitzter wrote: »

Thanks for all the responses. I have been able to secure financing using the car dealer on a hire purchase basis.

Now a (small) rant - I am aware that this is a moneysaving website and I mean no personal offence with this (I did not take offence), however I am concerned about the attitude on this post as well as others I have read on this board.

There seems to be an inference that if I, or indeed other similar posters, were not to follow given advice, that I am a fool. A smugness is evident in many posts on this board which makes me uneasy. I received a few very helpful responses to this post via private message. I wonder why they are more prepared to offer advice in private rather than on the public forum?

My partner and I have 9 years of University education between us and we both work incredibly hard in a very demanding profession. We have worked, and continue to work very hard to be able to begin careers in which image matters.

Is taking out finance on a 7k car the most financially prudent investment I'll ever make? Of course not! However, its a high MPG, low road tax, (hopefully) low upkeep car. Its no Porsche.

Unless you are offering something constructive, perhaps you should be keeping your opinions to yourself or your Facebook feed.

Didnt you like the advice that was posted then ?

The first 2 replies were quite helpful.

Who said you were a fool if you didnt follow advice thats posted ?

[Deleted User]

The first two were helpful and I thanked them for it in the 4th post. It was the later posts which bothered me. Have also been looking through the forum and noticed many other such unhelpful remarks.