Car loan with CCJ

Elibrown

What can you get for£1000 or less? Answer, an utter pile of crap. Something that is going to need money spending on it regularly to keep iron the road. Try main dealerships, as most have secondary lending sources for people in your position. Ok, the APR will be a bit higher but not all of them.

sharpy2010

Elibrown wrote: »

What can you get for£1000 or less? Answer, an utter pile of crap. Something that is going to need money spending on it regularly to keep iron the road. Try main dealerships, as most have secondary lending sources for people in your position. Ok, the APR will be a bit higher but not all of them.

You CAN get an utter pile of crap for £1000, its true, but as times are hard at the moment, it means second hand prices for cars have really come down. If you know what you are doing (or take someone with you who does), you can find a really good car for a thousand quid.

Southernman

It's either a cheap car or using public transport by the looks of things. The simple answer is no to a trustworthy loan company in your situation.

Do you not have any savings for emergencies like this? It's highly recommended in general and would be useful to dip into given your circumstances where you will struggle to get a loan.

OneLife_OneShot

OP while I agree that you don't want to divulge why you have a CCJ no mainstream lender will touch you.

I know how it feels my ex bought something on a Argos card and I didn't know, 4 months later I have a default on my credit file which will be there until 2017.

You can get a decent car for £1000, I bought a Polo 3 years ago for £300 and put about £300 into it and it ran great until someone drove into me and wrote it off.

Check for local auctions in your area and take someone knowledgeable about cars with you, they can check any car you might look at over, yeah you might struggle for a year but then your CCJ will go away and you'll not be paying a high APR loan.

Good luck either way.

somethingcorporate

I know you are very defensive OP but the CCJ is a financial black-mark and does show that you have a history of not meeting your obligations. Let's not dress it up any other way, it shows that at some point in time, for whatever reason, you have not been trustworthy when it comes to repaying your debts.

Any financial institution will see this and will not want to lend. You are expecting a bank to take a gamble on you when you don't want to take a gamble on a company that could be a shark.

There are plenty of decent cars out there for <£2k. We bought our car for £1,600 five years ago and spent less than £500 a year keeping it on the road including insurance and tax. Hardly a money sink when we got over 45,000 miles out of it in this time.

We recently traded it in for a car around the same price which is far nicer, more goodies a better drive etc.

KingElvis

^^^ the voice of reason LOL

I've had bangers last for years and you learn to mend it and save money from cash grabbing, lying garages.

SeanG79

OP, how much was the CCJ for and has the CCJ been satisfied?

If it was not £1000's and is satisfied, with it being 5 years ago, with other active credit and no other adverse since, there are lenders that will offer finance and its not only bottom of the barrel sub-prime that will consider the application.

27col

Elibrown wrote: »

What can you get for£1000 or less? Answer, an utter pile of crap. Something that is going to need money spending on it regularly to keep iron the road. Try main dealerships, as most have secondary lending sources for people in your position. Ok, the APR will be a bit higher but not all of them.

My Fiat Stilo is worth well under £1000, but it has been incredibly reliable and the engine runs like a sewing machine. Granted I have had to spend money to replace worn out parts, but it has never broken down in 9 years of ownership and 78000 miles. I am unable to find anything that I fancy to replace it. Even spending £500 a year on maintenance is much cheaper that actually buying a much newer car, of whose history I have no knowledge.
Anyone who bought my car would also get a full service history and be well pleased at what they got for their money.

Apples2

27col wrote: »

Anyone who bought my car would also get a full service history and be well pleased at what they got for their money.

And a double bonus of being able to take up a pair of jeans

guesswho2000

27col wrote: »

My Fiat Stilo is worth well under £1000, but it has been incredibly reliable and the engine runs like a sewing machine. Granted I have had to spend money to replace worn out parts, but it has never broken down in 9 years of ownership and 78000 miles. I am unable to find anything that I fancy to replace it. Even spending £500 a year on maintenance is much cheaper that actually buying a much newer car, of whose history I have no knowledge.
Anyone who bought my car would also get a full service history and be well pleased at what they got for their money.

Agree, I had an S reg Ford Escort between 2006-2008, cost me £750 and I sold it for £450, didn't need much in the way of maintenance (was also a car from back in the day where servicing was possible yourself without a pile of computer equipment!). Cheap and reliable. I'd still have it, but my employer used to offer car loans at BoE base rate, which I took up at the time.