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DigitalDevil

DCFC79 wrote: »

Buy a used car.

Do a budget and stick to it.

250k for entry house price, you tried looking further afield for a house.

The £10k would be for a used car.... I didn’t even think you could get new for that kind of money O.o

I don’t have a problem with sticking to a budget, I have several hundred left over every month and put that into a savings account.

Looking further afield would most likely make getting to work more difficult than it is now, I’ll see what else there is in other villages nearby but the whole area isn’t known for being cheap lol! The £250k would get a town house in a terrace, for something like my parents 4 bed detached you’d be looking at over £500k

forgotmyname wrote: »

Why did nobody tell me i NEEDED to spend £10k to get a decent car? My last one cost just over £2000 and lasted 6 years before i sold it to someone that did another 60k miles inside of 2 years.

Current one cost less than 2k and that was 3 years or so ago.

If you were paying for 2 cars what happened to them?

Defaulted on the payments, eventually they were uplifted by the creditor for nonpayment.

Everyone is advising REALLY cheap second hand cars, I’ve dont that before, my first car was a £4K Corsa and it pretty much spent as much of its life in the garage getting repairs as is did on the road, I couldn’t comprehend the troubles a £500 car would cause... new tyres or an exhaust would cost more than the car :rotfl:

foxtrotoscar_2

DigitalDevil wrote: »

The £10k would be for a used car.... I didn’t even think you could get new for that kind of money O.o

I don’t have a problem with sticking to a budget, I have several hundred left over every month and put that into a savings account.

Looking further afield would most likely make getting to work more difficult than it is now, I’ll see what else there is in other villages nearby but the whole area isn’t known for being cheap lol! The £250k would get a town house in a terrace, for something like my parents 4 bed detached you’d be looking at over £500k



Defaulted on the payments, eventually they were uplifted by the creditor for nonpayment.

Everyone is advising REALLY cheap second hand cars, I’ve dont that before, my first car was a £4K Corsa and it pretty much spent as much of its life in the garage getting repairs as is did on the road, I couldn’t comprehend the troubles a £500 car would cause... new tyres or an exhaust would cost more than the car :rotfl:

My 13 year old Vauxhall Astra costs me roughly £200-£300 in repairs and MOT each year. A complete exhaust and four tyres is maybe £400-£500 saving me 9k+ .

forgotmyname

But when the new tyres and exhaust cost more than the car, your not paying finance on the car and the cars not getting any cheaper. Even new cars soon need servicing and brakes and tyres.

Probably a dozen brand new cars under £10k, Sandero from £6k brand new.

Been saving hundreds a month, then you have enough to buy a decent car?

No reason why a £4 corsa should not last 5 years if looked after. So it needed new tyres and an exhaust and maybe brakes and thats the bigger bills for 5 years sorted.

You can replace all that and a good service for less than the depreciation on the average car. Not forgetting that will also need servicing etc.

[Deleted User]

You definitely don't need to spend 10k on a car! You say you save a few hundred every month. So in two months, you could have a nice little runaround for £500, and you'd start saving money on your taxi fares immediately.

How much are the taxis costing you every day?
Times that by the amount of working days in a year - usually around 260.
What does that come to?

Then compare it to the cost of a car. Even a cheap banger which needs some repairs every now and then will probably come out ahead. There are plenty of calculators online which will help you work out the rough cost of running a car with the amount of mileage you expect to do, depreciation of the car, insurance, regular repairs, etc.

Better still, get a bicycle if you can manage the distance!

DigitalDevil

forgotmyname wrote: »

But when the new tyres and exhaust cost more than the car, your not paying finance on the car and the cars not getting any cheaper. Even new cars soon need servicing and brakes and tyres.

Probably a dozen brand new cars under £10k, Sandero from £6k brand new.

Been saving hundreds a month, then you have enough to buy a decent car?

No reason why a £4 corsa should not last 5 years if looked after. So it needed new tyres and an exhaust and maybe brakes and thats the bigger bills for 5 years sorted.

You can replace all that and a good service for less than the depreciation on the average car. Not forgetting that will also need servicing etc.

Maybe I’ve been unlucky, but the £4k Corsa in its 3 years before “upgrading” required new disk, pads, exhaust, tyres, full rewiring of the head light cluster, new timing chain, engine “rebuild”, oil pressure switch, coil pack sensor, wiper blade motor and more bulbs that I can count, that’s before you count MOTs and the silly things it highlights like track rod ends, handbreak cables, new wiper blades, oil and air filters etc etc..... I’ve possibly missed a few things there but from personal experience I’ve owned 5 cars, one “used” and going from advice here no where near the level of used you are recommending, and 4 from new which required nothing more than a service in their life time of owning the car. So if that’s the type of issues a £4K car encounters I dread to think what these £500 beauties you are recommending I buy will encounter. The Corsa had both summer/winter services and annual MOT throughout the time I owned it.

Taxi is £100 a week (5 day week) so £400 in a typical 4 week working month, which is exactly how I get paid (rolling 4 weekly pay).

DCFC79

What about a moped then ?

Cheap to run

Various posters in this thread have bought cars for £500 and had great success in them.
https://forums.moneysavingexpert.com/discussion/3803929

Maybe you had bad luck with the Corsa. Do you have a friend who is a mechanic via a job or just a hobby who could do any jobs need doing or even keep an eye out for a cheap car to run.

CentiaRoyal

Let's just take the below for a second:
"Taxi is £100 a week (5 day week) so £400 in a typical 4 week working month, which is exactly how I get paid (rolling 4 weekly pay)."
If you got a £500 banger, as suggested, but it only lasts 6 months (for example, unlikely as it is). The amount you would have spent on taxis in that time would have been roughly £2400 so you would have saved £1900 (less petrol, insurance and tax). The longer you have the banger, the more you will save from not taking the taxi. These small changes can, over time, have a big impact. Your circumstance seems stressful but will improve over time. It just takes discipline and positivity. 9 months ago I was drowning in debt, took a long hard look at myself and, like you, felt no hope. But with a good support network (family) my circumstances now are much improved and I can see light at the end of the tunnel. Keep your head up and heed advice, set yourself goals for the near, medium and long term and as you tick these off you will start feeling a lot better with yourself. Chin up