Cheap car and insurance help!

forgotmyname

chloeeliz wrote: »

yep and it get's more expensive, that's what i am looking for, do you think finance would be cheapest way to go?

NO. Finance is not the cheapest way to go. Your paying interest on something that plummets in value.

Poor credit and finance = your going to pay a LOT of interest.

Sister did that.. Over £7000 for a car worth less than £3000. The car broke down and she couldnt afford the finance and the repairs so it sat on the drive for almost 2 years. She paid the final payment and the day after the scrapman towed it away.

AndyMc.....

chloeeliz wrote: »

My mum doesn't drive and my dad has a company car so I can't use them, I have poor credit rating so I can't get a personal loan unless I pay back a lot more, I think I'm going to have to go with a car finance, but thank you for reply.

What's wrong with using dad? Surely he's a a licence for a few years.

angrycrow

If a loan is unobtainable I would seriously consider if buying a new car on finance is a sensible choice.

What age make and model is your current car and why does it need changing. If money is tight you would be better fixing what you currently have.

phill99

chloeeliz wrote: »

My mum doesn't drive and my dad has a company car so I can't use them, I have poor credit rating so I can't get a personal loan unless I pay back a lot more, I think I'm going to have to go with a car finance, but thank you for reply.

Of course you can add Dad to your policy.


He can be insured on as many cars as he wants. There is no limit. It would be prudent to have him insured on your car anyway as there may be an emergency where he needs to take your car.