Buying a car

boliston

Cornucopia wrote: »

https://www.contracthireandleasing.com/car-leasing-news/top-five-cars-you-can-lease-for-under-100-a-month/

It looks like they manage to get a low headline monthly figure of sub 100 by charging a hefty deposit often 1000 plus up front. My OH got a car on finance at about 80 per month with no deposit but it was second hand rather than new.

BMTH

Thanks for the links ^

Might be worth getting a cheap one for now until I'm in a secure, stable job.

gilbert_and_sullivan

Thats the ticket, so long as you don't care too much about fashion or image you can pick up quite decent motors for far less than £1000.

worried_jim

BMTH wrote: »

What on earth are you on about? I didn't say it was a free lunch. I do know how finance works...

All evidence so far would suggest you don't.

jimjames

gilbert_and_sullivan wrote: »

Thats the ticket, so long as you don't care too much about fashion or image you can pick up quite decent motors for far less than £1000.

If you only have £1000 saved and that's your entire savings then is it wise to spend it all on a car? What happens if something breaks in a few weeks and you now have no savings? You can definitely get a decent car for that but is it better to wait and save more.

What are you using now?

BMTH

jimjames wrote: »

If you only have £1000 saved and that's your entire savings then is it wise to spend it all on a car? What happens if something breaks in a few weeks and you now have no savings? You can definitely get a decent car for that but is it better to wait and save more.

What are you using now?

No car atm. Ok, lets say budget is £750 after pay day this week... any recommendations?

andrewf75

Too stubborn to buy an old car?
Personally I think buying a new car is utterly mad unless you're loaded, which you clearly aren't.
If I only had a grand I'd buy a car with that, shop around and there are plenty of bargains to be had.

loskie

OP do you NEED a car or just want one? If the latter don't buy one just rent if and when you need it.
If you NEED one do all your sums, insurance , maintenance, repairs, contingency. It is not impossible to motor on a budget but you need to put aside concerns about appearance.
There's a lot of good about running a cheap car, no depreciation, less worry when leaving it parked, odd bumps and scrapes don't matter. It is a sickener with a new car to find some careless so and so in a car park has dinged it.

BMTH

I do need one, yes. What's a good run around for around £500-£750? Will be mostly commuting around town but occasional motorway journeys too!

Hintza

http://www.ebay.co.uk/itm/FIAT-PANDA-ELEGANZA-1-2-PETROL-/182406863377?hash=item2a784bda11:g:lDQAAOSwj85YLtfQ