Buying a car

ratrace

Beccap wrote: »

I was gonna buy a Citroen c1 2015 plate with 9000 miles on for £5400. My attitude is I would rather pay a bit more and have the longevity of a car as i would like to have it for a good couple of years

its upto you after all its sort of your money but for me i would just buy an older car and save up for a new one i am of the opinion that the only debt i would take on is for a house as they tend to go up in the long run and i would not be able to afford one with cash

i have family members who just get everything on credit cars, new kitchen, sofas, holidays etc... but you never see them as they working around the clock to pay it all off

its up to you i thought i would give you another perspective
ps: citroens are not the most reliable cars do a bit of research before you buy

Beccap

I was gonna go for a Citroen c1 or Toyota aygo but I read they are the same.

Thanks for your advice.. I know I see everyone going out and getting all sorts of loans/credit cards but I want to be sensible!

[Deleted User]

Beccap wrote: »

I have an Argos card which I pay more than I should every month

Do you mean you're putting it into credit? If so, don't do that. Just clear the balance.

Or do you mean you pay more than the minimum, but not full balance? In which case, don't do that either. Clear it in full.

dont_use_vistaprint

foxy-stoat wrote: »

Once you have survived 24 months with no accidents or convictions - go ahead a buy yourself a newer nicer car - insurance will be cheaper as well.

I would spend the absolute minimum if buying a car as they depreciate so you nearly always lose money, the more you spend the more you lose. If you like new premium cars then plan for a job with travel and do some self employed work to add mileage. A monthly lease for a new premium car is around £500 a month which pays for itself if you do 13,333 miles a year, and you avoid any depreciation or costly repairs, unlike with finance.

With all the obsession with new cars, there are now some great used car bargains. I just bought one of the kids a 2004 Panda 1.2, 52k miles, near immaculate with full history for £325!

enthusiasticsaver

I am not sure that car dealers accept credit cards. I think a low interest personal loan is the way to go. Ask if you can clear it early without penalty and once you have been working a while save up to pay it off early to save on interest.

I am not a fan of buying really cheap cars either and it is often false economy as they constantly need work doing on them. Go for low insurance group and economical on fuel.

RyanDodson

You need to have a good credit history

parking_question_chap

Beccap wrote: »

I was gonna buy a Citroen c1 2015 plate with 9000 miles on for £5400. My attitude is I would rather pay a bit more and have the longevity of a car as i would like to have it for a good couple of years

Wants long lasting car,
Intends to buy Citroen.

https://www.youtube.com/watch?v=VcYyyyyabkw

fatbelly

Beccap wrote: »

I was gonna buy a Citroen c1 2015 plate with 9000 miles on for £5400. My attitude is I would rather pay a bit more and have the longevity of a car as i would like to have it for a good couple of years

For that price I would expect a 16 plate and that sort of mileage. Go for the 1.0. Toyota Aygo and Peugeot 108 are the same car

You might also consider the VW Up/Seat Mii/Skoda Citigo which is well liked by owners (same car, 3 different badges)

Also, if you can find one, the Kia Picanto/ Hyundai i10 is a decent little car.