Car Finacing?

Flntn

Hi there,
I'm a 19yr old lad, on the electoral roll, i have a stable part time job with a income of 500-600 a month, i have a full GB license since 09,10,2011.
But i have no credit history, I normally just buy things straight out.
I could have one of my parents be a guarantor.[but my parents have really bad credit]

i have no credit what so ever, everything I buy I have the money for.

just wondering is it actually possible for me to get financing on a car worth 9k

Edit: I am i Uni student with a student loan, in my first year

Apples2

Spending £9k on a car when you earn so little living at home is crazy.

You will never have as much in your pocket as you do now, if you can't save up for a car, you can't afford a car.

Flntn

Apples2 wrote: »

Spending £9k on a car when you earn so little living at home is crazy.

You will never have as much in your pocket as you do now, if you can't save up for a car, you can't afford a car.

I never go out nor spend money on stuff that's a waste.
Would you suggest I buy a car i can afford,

I have a savings of about 4k

Jim_Jupiter

If you never go out why the sudden need for 9k car that not only will you need to afford the loan repayments on but also tax, mot, service, repairs/maintenance, insurance (sky high given your age), fuel.. It will eat up all your wages and more. If you need a car use your savings to buy a cheap runaround for no more than 3-400 quid. You can't afford a £9k car - just don't even entertain the thought.

DCFC79

Why not get a car for say £2k, drive it around for a 3/4 years whilst you save up for another 1. Obviously buy 1 thats not a money pit.

Flntn

Jim_Jupiter wrote: »

If you never go out why the sudden need for 9k car that not only will you need to afford the loan repayments on but also tax, mot, service, repairs/maintenance, insurance (sky high given your age), fuel.. It will eat up all your wages and more. If you need a car use your savings to buy a cheap runaround for no more than 3-400 quid. You can't afford a £9k car - just don't even entertain the thought.

I have to travel 60miles to work my current bag of sh--- isn't what i'm looking for.
my insurance is £600 a year, bearing in mind i have already had a crash.
my current car is worth 1k

Apples2

Have you tried randomly entering your insurance details to a quote for a £9k car?

Only been driving a year and had a crash. On a £9k car you might have to put a 0 on the end of your current policy.

Jim_Jupiter

In a £9k car your job will only just about cover the cost of travelling to that job. You could probably quit your job, don't buy the car and be in roughly the same financial position.

Flntn

Apples2 wrote: »

Have you tried randomly entering your insurance details to a quote for a £9k car?

Only been driving a year and had a crash. On a £9k car you might have to put a 0 on the end of your current policy.

I called up my insurer and they quoted me £654 for 09 Golf 1.9 TDI

Jim_Jupiter

You sure that wasn't a month?

Flntn

Alright maybe not 9k car what about a 4k car?

OR
would you guys say financing is just not a suitable option for me right now?