Bank says no - could lose new job

[Deleted User]

gwin wrote: »

I still need them to say yes as my savings are nil.

You'll need to look elsewhere than the bank, I'm afraid. Have you enquired at the job centre whether you are entitled to an interest free loan to help get you back to work?

CKhalvashi

gwin wrote: »

Wise words from all of you, thank you. I appreciate biking 15 miles is easy for many but at 53 and out of shape I couldn't do it anymore.
I was only ever talking of hundreds rather than 1000s just to get up and running. The scooter idea is fine, especially if what Bedsit Bob mentioned is right but I still need them to say yes as my savings are nil.

I'm a lot younger than you are, and I've had significant health problems in last 2 years.

Got back into the gym 2 weeks ago, but I know how you feel, and understand that I won't be doing 100 mile rides again any time soon (I've gained nearly 5st in 2 years, and currently lost 4 of that, but really struggling fitness-wise)

It may be worth seeing what the local breakers have in; I paid £350 for this (the wheels are worth more than that on their own) from a local breakers; too good to scrap, but not worth putting on a forecourt. It's had about another £400 spent on it, so a £1500 car for £750, which needed work that could wait for MoT.

[Deleted User]

gwin wrote: »

The scooter idea is fine, especially if what Bedsit Bob mentioned is right

It is.

If you have held a full car licence since before the 1st February 2001, you can go straight onto the road, without CBT or L-Plates.

You can even carry a passenger, if the moped is designed to carry one.

How much could you scrape together?

ETA: Of course, you aren't limited to a moped.

Although you would require a CBT (which you can do in a couple of days), you can (subject to power limitations) go up to 125cc.

[Deleted User]

CKhalvashi wrote: »

£750

I think that might be out of the OP's price range.

CKhalvashi

Moneyineptitude wrote: »

I think that might be out of the OP's price range.

The original purchase price was £350; nothing illegal with the car and it runs perfectly.

A months rental would be IRO this, so to own the car isn't a bad deal IMO.

elly68

Have you checked out work might be a car share scheme u might be able to get a lift

jaydeeuk1

Agree with majority of above, moped is your best option, can then sell it in a few months and upgrade to something with a roof and 2 more wheels. Don't bother getting in to debt, for 12 months your employer can get rid of you without warning as long as it isn't for discriminatory reasons - and being late for work as car unreliable isn't one of them.

James_B.

gwin wrote: »

Wise words from all of you, thank you. I appreciate biking 15 miles is easy for many but at 53 and out of shape I couldn't do it anymore.
I was only ever talking of hundreds rather than 1000s just to get up and running. The scooter idea is fine, especially if what Bedsit Bob mentioned is right but I still need them to say yes as my savings are nil.

I really don't think that it is going to happen, so you need to concentrate on working out how you will cope without it. Going for a payday loan is not a solution, it's be cheaper to get taxis for a fortnight than to go down that route.

I don't mean to harp on about the same point, but irrespective of your intentions, you do not present a good risk to the banks. You are not guaranteed to keep your job, or even turn up, and they are not in the business of taking a gamble on someone with no income (yet) being able to pay back a loan.

Lungboy

Jumping on a moped if you've never ridden before with zero training is a recipe for disaster.

James_B.

Bedsit_Bob wrote: »

It is.

If you have held a full car licence since before the 1st February 2001, you can go straight onto the road, without CBT or L-Plates.

I'd really, really not recommend it without a CBT, though, or at least a couple of lessons from a professional instructor. Bikes are not inherently dangerous, but an unexperienced rider presented with a rapidly developing situation can very often make some extremely bad decisions.

It's well worth starting off right, in my opinion.