Car Finance or Loan for 20y Old

BillJones

dgets94 wrote: »

I have seen ones for less, but I'm looking at one of the 2.0 diesels as my driving is 90% motorway and it also had a special seat (AGR ergonomic) as I do suffer from a back problem.

It still seems a ludicrous price, though, for what is a budget car.

If you are determined to go down that route, though, you obviously aren't going to listen to a bloke on the internet who thiks it's a bit mental.

To have one last try, though, this is a ridiculous sum for that car, used, and completely out of line with what I'd expect somoene on your wage to be looking at. You can get an immaculate, nice, reliable shiny economical car for a lot less money.

Edited to add, to give it some context (as you probably think "silly old duffer, doesn't know a good car from a poke in the eye"), my last cars have been a 911GTS, an RS4, and now a C63 AMG. I love cars, and love driving, but for £13k I'd want a low mileage mint RS4, or similar, I'd not want an Astra...

Mallotum_X

Seriously dont do it. 5k will get you a better car than most people your age drive.

dgets94

Nationwide have offered 23.8% through the soft quote option. It's at least another option.

I understand that people think it's silly to spend, but I do genuinely plan on keeping it for 6-7 years. It's a massive step up from my current car. Repaying over 4 years is my plan, and with planned salary increases each year I thought it made for a relatively sensible choice.

Thanks

stalkah

Have you thought of everything?
What if you're made redundant?
What if the car has a mechanical failure such as the clutch fails?
What if you become injured or ill and unable to work?
Can you afford the servicing?
What if you accidentally get/get someone pregnant?

There is a lot of us on this forum that have been in situations such as yours in the past and just thought it'll be alright... some times we have been lucky most of the time we haven't.

I actually work in the car dealership industry and I would never buy a new or used car from a dealership, even with my staff discount. I would much prefer to buy a car that is several years old with full service history which will provide a lot better value.

dgets94

The car comes with a lifetime warranty through the scheme its offered on, so mechanical problems don't worry me much. Other unexpected circumstances, if I am made redundant, I don't think it would be difficult to find another job in my industry (I have a lot of sought after skills and quals) Illness and other circumstances I guess could be a problem, but I'm in good health, I guess that is the case with most people. I guess that could go for a lot of things too.

DCFC79

How much would it cost to buy one of these "special seats" and get it fitted to say a car you could buy for £4k ?

dgets94

I don't know, it wasn't anything "special" as such, just one that agreed with my back. I don't want to be modifying cars or anything, just something reliable, lifetime warranty, economical and comfy.

I was really just wondering if anyone had any experience of a similar scenario and how best to go about it.

I'd quite like to build up my credit rating as well so thought this was a ideal scenario to go about it.

fevlo

BillJones wrote: »

To have one last try, though, this is a ridiculous sum for that car, used, and completely out of line with what I'd expect somoene on your wage to be looking at. You can get an immaculate, nice, reliable shiny economical car for a lot less money.

This sums it up perfectly.
13k on a car when you only earn 16k makes no sense at all.
Ive just baught a 2008 Vectra SRi with full XP kit for less than 4K. Lovely car, drives like new, has all the bells and whistles like sat nav and AC and someone else has taken the hit on the depreciation

chanz4

dgets94 wrote: »

The car comes with a lifetime warranty through the scheme its offered on, so mechanical problems don't worry me much. Other unexpected circumstances, if I am made redundant, I don't think it would be difficult to find another job in my industry (I have a lot of sought after skills and quals) Illness and other circumstances I guess could be a problem, but I'm in good health, I guess that is the case with most people. I guess that could go for a lot of things too.

Are you sure about the warranty, as Vauxhall only give this to the first registered keeper

mustang121

I agree with everyone else.


Don't do it! With 5 grand you could easily buy a nice, reliable good 2nd hand car outright. If you service and run it correctly there would be no reason it couldn't last you 6-7 years +


Buy a car on a finance (especially a Vauxhall which aren't anything special as they are very plastic and cheap looking) and you will regret it as that new car smell wears off.