how does everyone finance a car?

ArsenalFC

Thats is alot of money to spend these days, but if you can afford it and want it then why not. However I am with the majority here, get a nearly new car between 1-3 yrs old so you're not paying as much.

If you really want to spend that sort of money then why not go for a lexus, bmw and mercedes? These are much better than the ford. I recently just paid £5000 for a bmw 323ci coupe 1999, original price when new was £26k. Between £5k - £8k will get you a very good car these days.

mrcow

Our second car cost £12000.

We traded in my old car for £2200 and then bought the balance (10k odd) on a 0% credit card.

When the 0% deal expired, we split the balance......£5000ish on another 0% deal and £5000ish onto a M&S 4.9% for life of balance credit card.

The advantage of doing this over a loan is that we're only paying £20 interest on the total balance per month (although we did have to pay 2% on the £5k 0% balnace transfer) and so are paying off the balance a lot more quickly. The repayments are also completely flexible with no penalties for paying it off early as with some loans.

Our other car is coming to end of lease (after four years) and is about £18000. There's no way I'd be getting another loan out so it's a choice of either a lease or a company car option.

save-a-lot

Hi

First off, don't pay over the odds for it - you can get a Fiesta ST for a little over £10.5K brand new - see bottom of this page
http://www.4wheels4u.co.uk/resultspage.php?manufacturer=Ford&model=Fiesta

there is a bit saved already. I've done the 0% credit card thing in the past and that worked fine with me as I do not like settling into a regular payment routine - I rather like to pay for things as quickly as possible. Generally however I pay outright when I want to change my car which isn't that often.

BTW, my mate has an ST and it is a great car, well put together

save-a-lot

Just re-read the posts then noticed it said FOCUS... then I thought, quick best edit my post before someone replies... doh... there was a reply.

Yup, a Focus is more expensive