£3,000 Loan over 2 years (19 Years Old)

SamAudiA3

I appreciate any advice you may have, and any constructive thoughts, but please do not reply if you have any sarcastic comments relating to my question.

I'm 19 years old (20 in a couple of months). I've been working part for 2 years, and have finally started full time earning £15,600 a year.
I've been working full time for 2 months.

I've been driving since i was 18, and am in need of a new car.
I've decided on an A3 (Please no parkers reviewers).
I know i might be able to get a Kia with low milage, with great petrol cost, and free tax, but its not what i want, thanks.

I've only applied for one loan through Sainsburys, and was declined.
I didn't want to apply for anymore, as i was told every time im declined it effects my credit score.

Have you any advice on whom, or where i may be accepted, or any advice relating to my question?

Thanks in advance, Sam.

Apples2

Two pay slips isn't much to take a risk with.

Give it a few months and apply with your own bank, they can see precisely how you have been managing the small amount of money you have had.
Don't expect headline rates though

You can buy the baseball cap now to get started

SamAudiA3

I appreciate your reply, i know very little regarding loans, so this has helped. Thanks again.

DaveTheMus

tighten your belt for a few months and save up...

roonaldo

An alternative could be a credit card, Santander and Tesco do a 0% for 18 months. Make purchase, cut up card and make regularly direct debit payments. Either pay it off in the 18 months or transfer the balance to a new card. I've done this in past when buying cars.

Nothing wrong with having an Audi A3, good cars. I would just say get one with a decent engine. Good luck to you.

Make sure you are on the voters roll.

DCFC79

Why an A3 ?

Caz3121

how much will you be looking to borrow? have you factored in the Insurance cost (which could easily be £250ish per month in your first year)

If the car is £3k and the insurance is £3k, how much will you need to borrow?

bsms1147

Slippery slope to financial ruin.

Tread carefully.

dealer_wins

My (old fashioned) advise would be to save up!!

Once you have saved up £3000, you may decide to go for a more budget car.

You will find you are much more careful spending your own hard saved up cash, than the loan companies "free money"

Mr_F_Dorsetty

Being older is not always wiser I know but at least when older you have seen some things in life.

My advice is, don't start getting debt. It is a life long addiction you can happily live without or miserably live with.

Save money as dealer wins says because when it comes to debt 'the house' always wins.

The system of life in the UK is set up for you to be in debt for life; why play the game you're told to?

Suarez

Have you looked at insurance, tax and parts costs?