loan advice

JChaps86

The age of your accounts indicates lenders are likely to view you as higher risk
You are not on the Electoral Roll as a current occupant at your current address.
You have a significant number of recent searches on your credit report
You have recently opened 1 or more new credit accounts.
You have no successfully settled non-mail order accounts.

catwoman73

What does it say in your contract about providing a car for work? If your employer needs you to visit clients, they should provide a car for that purpose. On £13K, they should not be expecting you to pay for an expensive car to carry out their business!

Is there a pool car you could use or could they get you a hire car? If you do use your own car, do you have business insurance and do they pay you the HMRC recommended rate (45 pence per mile).

stephane_2

Not being on electoral roll will play against you quite considerably with some lenders....contact your local council to register....and you should be on it within 8 to 12 weeks....

19lottie82

Tbh, unless you can borrow the cash from a friend or family member I think you'll have to forget about a loan and this car......

Like another poster, I am slightly baffles as to how a company can pay you just slightly over NMW and spect you to use, and pay for, your own car to use to conduct company business. Do you get a car allowance on top of your salary?

As it looks like a no go and you say you really need the car then perhaps find another dealer and try a finance package. I've heard hey are more lax than loan providers.

And in the meantime get on the electoral register an pay off your credit card ASAP!

JChaps86

Hi, TY all for the replies. My employer pays me 45p per mile but no car allowance. I only do an average of 100 miles per month for him.

rob404uk

To put your needs into perspective I earn 48000 a year, My car cost me £1700. That is what I could afford. It works fine.

Apples2

JChaps86 wrote: »

I only do an average of 100 miles per month for him.

In that case ask for a hire car.

stephane_2

rob404uk wrote: »

To put your needs into perspective I earn 48000 a year, My car cost me £1700. That is what I could afford. It works fine.

£48000 per year.....only can afford £1700 for a car....sad really!!

rob404uk

lol, I know, sucks

JChaps86

I appreciate your replies. Might be a better idea to replace the gearbox in my car and cross my fingers and hope nothing ese goes wrong with it