Do I need a loan?

19lottie82 · 21 October 2015 at 8:23AM

OP, I appreciate your mindset, but unfortunately you have £15k worth of debt, but it doesn't seem like you have had your "lightbulb moment" yet!

Without trying to sound nasty or patronising, I appreciate life would be easier with a car, but you can do without one. Your entertainment budget is £300 (well £308 if you include Netflix!) a month, that is HUGE! I suggest you half this and use this to fund any trips to see parents or friends. (and suggest they visit you more often).
You have used the phrase that you "want" a car many times, but you don't "need"one,

When you have a limited income, you can't aim to pay off £15k and maintain the same lifestyle, I'm afraid.

Candyapple · 21 October 2015 at 8:59AM

19lottie82 wrote: »

OP, I appreciate your mindset, but unfortunately you have £15k worth of debt, but it doesn't seem like you have had your "lightbulb moment" yet!

Without trying to sound nasty or patronising, I appreciate life would be easier with a car, but you can do without one. Your entertainment budget is £300 (well £308 if you include Netflix!) a month, that is HUGE! I suggest you half this and use this to fund any trips to see parents or friends. (and suggest they visit you more often).
You have used the phrase that you "want" a car many times, but you don't "need"one,

When you have a limited income, you can't aim to pay off £15k and maintain the same lifestyle, I'm afraid.

Am I missing something - where does OP say he is £15k in debt?

Rossim1985 · 21 October 2015 at 12:11PM

Candyapple wrote: »

Am I missing something - where does OP say he is £15k in debt?

I didn't say anywhere that I had £15k of debt. I have no debts at all!

Rossim1985 · 21 October 2015 at 12:23PM

19lottie82 wrote: »

OP, I appreciate your mindset, but unfortunately you have £15k worth of debt, but it doesn't seem like you have had your "lightbulb moment" yet!

I don't have any debts?! I had my light bulb moment about 2 years ago and became debt free earlier this year. See my previous (some of my earliest posts) in other threads for more information on that.

19lottie82 wrote: »

Without trying to sound nasty or patronising, I appreciate life would be easier with a car, but you can do without one. Your entertainment budget is £300 (well £308 if you include Netflix!) a month, that is HUGE! I suggest you half this and use this to fund any trips to see parents or friends. (and suggest they visit you more often).
You have used the phrase that you "want" a car many times, but you don't "need"one,

When you have a limited income, you can't aim to pay off £15k and maintain the same lifestyle, I'm afraid.

I don't have any debt to pay off? I work in London and many of my friends also live there and honestly £300 does not go that far in this part of the world sadly.

Candyapple · 21 October 2015 at 12:28PM

Rossim1985 wrote: »

I didn't say anywhere that I had £15k of debt. I have no debts at all!

That's what I thought.

I agree with you in that some posters have been unnecessarily harsh on you. Also being from London myself, I too only know how expensive it can be. Ditto to the car vs train situation. My folks are still London based and now currently living on the coast I know only too well the pros and cons of travelling via train vs car journey when I go visit them.

19lottie82 · 21 October 2015 at 12:56PM

My mistake OP I was browsing this and the DFW too early this morning and got two threads confused....... My apologies!

Rossim1985 · 21 October 2015 at 1:21PM

19lottie82 wrote: »

My mistake OP I was browsing this and the DFW too early this morning and got two threads confused....... My apologies!

No worries I feel your pain re early mornings. I'm no good for anything until I've had my first coffee!

gycraig_2 · 21 October 2015 at 6:43PM

Buy a cheap banger and run it for a year again why in your position would you want to spend 200 quid out a month on finance or lease

Rossim1985 · 21 October 2015 at 10:43PM

gycraig wrote: »

Buy a cheap banger and run it for a year again why in your position would you want to spend 200 quid out a month on finance or lease

I agree. I've just had the mechanic come back to me. He confirmed what I thought - head gasket has gone. He'll fix it all for £250, but said the brakes pads also need replacing soon, and the two front tyres are towards the end of their life. Given I know the history of the car (it's been in my family from new) I'm inclined to repair it rather than replace it with another £500 banger. The head gasket repair has come in a bit cheaper than I expected :j . What do you think?