18 Y/o Car fiance please help

verityboo

Jackh1 wrote: »

As for insurance it's 1.2k massivly cheap for my age. It suprised me too. My audi is 2 9k my mini was 2.4ish my mate in his 1.2 corsa 2005 was 2.2k I don't understand it my self but I'm not complaining.

Hope that's not with XS Direct, can't think of any other way you would get for that price?

As for saying you want to maintain the car and live on £400 per month, perhaps you should do it to learn some common sense

Red-Squirrel_2

Jackh1 wrote: »

As for my out goings at the time of my application I'll have no outgoings and if I get accepted only outgoing will be the finance, and fuel. Insurance will be paid outright aswell as tax. As for the car depreciating if its kept nice it won't. As the one I'm after is a limited model at only 444 Made.

You have no outgoings now, but how long do you want to live with your parents for? Will the finance payment trap you there?

It always costs more than you think to live away from home the first time, you’ll have to pay:
Rent
Car finance
Car insurance
Petrol
Car maintenance
Contents insurance
Gas/electric
Broadband/landline
Mobile
TV licence
Sky or similar if you want that
Water
Council tax
Food
Toiletries
Going out
Clothes

Ian_875

Jackh1 wrote: »

The thing is the normal astra isn't what I want and why would I settle for something I didn't want?

Jack,

With respect, there are many, many areas of your life where you will find yourself settling for something they don't want.

I appreciate your mind is made up, and nothing will change that, but I'd ask that you revisit this thread in 5 years or so and look back at this.

The shine of something new wears off damn quickly, and you'll find that an exciting car will become the norm a year down the road. As soon as it starts costing money, you'll resent it.

AndyPix

That car does around 14mpg on the motorway !!

You are not going to be able to afford to run it.

Exodi

It escapes me why people bother posting on forums in the first place when they quite clearly don't intend on following anyone's advice. Well at least it saves us asking for details two years down the line when your posting in the DFW forum because you can't afford to pay rent. My first car was a £400 Corsa 9 years ago... the idea of spending £7k on a car at 18 literally blows my mind. In fact, I'm on £48,000 p/a and the idea of spending £7,000 on a car now still puts me off.

MEM62

Exodi wrote: »

It escapes me why people bother posting on forums in the first place when they quite clearly don't intend on following anyone's advice. Well at least it saves us asking for details two years down the line when your posting in the DFW forum because you can't afford to pay rent. My first car was a £400 Corsa 9 years ago... the idea of spending £7k on a car at 18 literally blows my mind. In fact, I'm on £48,000 p/a and the idea of spending £7,000 on a car now still puts me off.

The fact is the OP didn't actually come here looking for advice on whether the purchase was sensible or not. He was asking questions about the finance. All the advice offered on the sanity of the purchase was probably irrelevant / off topic as far as he was concerned. Albeit that it was offered with good intentions and with the benefit of the enhanced wisdom that comes with having learnt from being young (or even not so young) and foolish. So, in this case, the OP has only ignored advise that he didn't ask for.

Of course may posters come here with specific questions relating to financing a particular project or purchase; some are receptive to a wider viewpoint on the subject and some are not.

The ones that annoy me are those that post a question, receive a range of responses and questions from people trying to help but disappear, never to he heard of again.

Barny1979

One thing to consider is your driving ability and whether you are good enough to drive said car at your age, the Insurance premiums suggest that typically your age category are not and are a high risk.

PrettyKittyKat

You don't need to spend £7k. I've got a hyundai i10. It was 2 years old with 11k on the clock when I bought it. £5k and super cheap to run. You will stand a better chance of getting finance is you lower the amount you are spending as your income isn't that high. You can get a reliable reasonable new car for the £5k I spent, probably even less, it just isn't going to be flashy. You can get a flashy car when your income is better and you are older so can afford the ongoing repair costs!

csgohan4

happy with my 1k old banger Rover 400, got a few years out of it before it gave up the ghost.

Your choice to get a boy racer car and all the insurance and expensive repairs to go with it.

I saved my money to do something more useful in life.


I'm afraid this forum is not for giving you what you want to hear but more reality, but brownie points for not throwing your toys out of the pram yet


The cars with the lowest MOT failures are Toyota and Honda, why not try those? If you want a racing car, get a silver stone experience day, not drive a knockoff with a spoiler and drive for thrills thinking your l33t

gycraig_2

You keep buying luxury cars you can't afford. Me and partner have very reasonable incomes and run a fiesta and a mr2.

BMW followed by an Audi at 17-18, you are buying old cars that are at end of depreciation curb probably been owned by idiots who couldn't afford maintenance on them.

Buy something like a fiesta Corsa or something whether it's finance or not run it for a few years get established in life then buy a fancy brand. No point buying an Audi if you are fked every time it needs work doing.