Buying a car, need cash but only have cc

jules888

Hubby and are i 47 and have always saved up to buy anything and have never had a loan for anything except a mortgage we paid off years ago.
Hope our sons take after us!

OhReally_2

grumbler wrote: »

So, do you suggest moving every time you find a good job 15 miles away with no realistic public transport option?
I agree that paying cash is better if you have it, but !!!!!! it's just £1K car in this case.

For a persons first car, the insurance alone is probably going to cost more than another grand alone

If it's a good job, then it shouldn't take too long to save the money ...

grumbler

OhReally wrote: »

For a persons first car, the insurance alone is probably going to cost more than another grand alone

Well, one has to start sooner or later.

If it's a good job, then it shouldn't take too long to save the money ...

To start saving you have to start working in the first place.

shortcrust

OhReally wrote: »

There speaks the yoof of today. :cool:

Ask your grandmother what she would say about buying anything on the never never.

Then get her to explain why it is known as the never never.

And a car is just a money pit, not because it loses money faster than a falling stone falls, but because of the expense of keeping it running too.

Go back and read the OP's posts again. They need the card for the job so no car = no job.

The choice is:

1. Borrow 1K now. April 2015 = no debt, a car and a job.

2. Don't borrow 1K now. April 2015 = no debt, no car, no job.

BTW - I'm very far from a 'yoof' and my 95 year old grandma lent me the money for my first car.

OhReally_2

shortcrust wrote: »

...my 95 year old grandma lent me the money for my first car.

Sounds like you had a very wise, not to mention, wealthy grandmother who didn't want you to use the never never.

I bet with those two characteristics, she never went on the never never either.

shortcrust

OhReally wrote: »

Sounds like you had a very wise, not to mention, wealthy grandmother who didn't want you to use the never never.

I bet with those two characteristics, she never went on the never never either.

Sorry to shatter the image, but I think she had her first spin dryer on HP.:)

leeroy2009

yet again the anti credit brigade out in force, despite the fact the op wanted to try and do this on a 0% deal if they could.

OhReally_2

leeroy2009 wrote: »

yet again the anti credit brigade out in force, despite the fact the op wanted to try and do this on a 0% deal if they could.

Whoosh - that was you missing the point

This is nothing about being anti-credit - this is about being anti- bad credit.

And I'd struggle for a better example than someone who hasn't been able to muster £1k for the luxury of a cheap runabout that will not only plummet in value, but also be a sink for the most part of any additional money the OP will earn in a new job.

I least I'm happy with you believing I am both a force and a brigade
I'm glad you put my advice in the same categories as your local bobby and fire officer.

Katieeeek

I've taken the time to read what everyone has said and, can I firstly say thank you for all of the advice.

I must have asked a fairly vague question to start with, I can see that with the way this topic has changed direction.

OhReally wrote: »

This is nothing about being anti-credit - this is about being anti- bad credit.

And I'd struggle for a better example than someone who hasn't been able to muster £1k for the luxury of a cheap runabout that will not only plummet in value, but also be a sink for the most part of any additional money the OP will earn in a new job.

I least I'm happy with you believing I am both a force and a brigade
I'm glad you put me in the same categories as your local bobby and fire officer.

OhReally, please do not make assumptions on my situation or my choices. I asked a simple question, if there was a way of me maximising the 0% that I have on a CC, I didn't ask if I should buy a car. That choice has already been made and I have explained, all be it briefly as to why.

I can save 1k, that isn't a problem. Can I save it instantly? Pluck it out of the air? No. A job has come up that would be a great opportunity and actually allow me to earn much more than I am on, but I need my own means of travel. Please do not judge my situation that I am 'young' and living in the 'never never'. You just don't know me to do that

leeroy2009

exactly with the advent of 0% bt and purchase cards you are simply taking longer to pay the money back that you borrow at a very low reasonable fee, no interest involved (as long as its paid back before the 0% ends)