18 y/o 1.8-2k loan

DCFC79

Be more realistic and buy a car thats more affordable insurance wise and running costs. Many cars out there for £2000, even more for £1000, if you know anyone who is a mechanic who knows about cars eg they do maintenance in spare time then take them with you whne you go and look at a car.

Once you have had the £1k/£2k car for a year then you sell it and buy another 1 so you work your way up to buy the vxr.

enthusiasticsaver

An 18 year old driving a performance car will cost a fortune in insurance.

You will struggle to get a loan of that amount at barely 18.

Starting off your adult life in debt is not a good idea.

To acquire a good credit rating a credit card is a good start where you pay it off in full each month. You will only be given a small limit to start with so it won't help with the car.

My advice would be buy an old sensible cheap car with cash to start with. The insurance will be lower too. Save the performance cars for when you are older and can afford them.

I would dispute most phones are over £1k btw.

What on earth does "mug me off" mean?

jimbo26

It is possible, a family friend's son got a car on finance through CarShop the day after his 18th birthday. Funnily enough he was advised strongly against it, but didn't listen, and is now regretting it.

DCFC79

enthusiasticsaver wrote: »

An 18 year old driving a performance car will cost a fortune in insurance.

You will struggle to get a loan of that amount at barely 18.

Starting off your adult life in debt is not a good idea.

To acquire a good credit rating a credit card is a good start where you pay it off in full each month. You will only be given a small limit to start with so it won't help with the car.

My advice would be buy an old sensible cheap car with cash to start with. The insurance will be lower too. Save the performance cars for when you are older and can afford them.

I would dispute most phones are over £1k btw.

What on earth does "mug me off" mean?

It's a way of saying "go away". Urban Dictionary says it's more aimed at !!!!!.

This website or forums mentions different meanings
https://english.stackexchange.com/questions/20477/what-exactly-does-it-mean-to-mug-somebody-off-in-british-english

parking_question_chap

Jackh1 wrote: »

Turning 18 on 8th of January(1) Need a car got half saved but need around 2k to get the car. Can probably push it down to 1800. I CANNOT get a Co signer. How likely am I to be accepted (2)
Affordibilty isn't a worry backed up with pay slips dating back a year weekly. (3)

I've made my mind so dont come to mug me off (4)

Jack

1 - Many happy returns in advance


2 - 40.32 %


3 - Nice one


4 - Brap brap brap

zippygeorgeandben

FWIW I loved my first car! £500 and I saved up from my job at the bingo and paid for it. Happy memories!
Trouble is, youth of today want it now! Instantly! Don't want to work for it!
What's that abba song...?!

longwalks1

Jackh1 wrote: »

Turning 18 on 8th of January. Need a car got half saved but need around 2k to get the car. Can probably push it down to 1800. I CANNOT get a Co signer. How likely am I to be accepted
Affordibilty isn't a worry backed up with pay slips dating back a year weekly.

I've made my mind so dont come to mug me off

Jack

no 1 iz ere to mug u off bruv, chillax

longwalks1

gycraig wrote: »

Vxt at 18 ? If you need a 1800 quid loan where you gonna pull 3-400 quid a month from for insurance

Iz to get dem birds, innit

longwalks1

Joking aside, I tied myself up with a loan at 20 years old (over 20 years ago now) to buy a performance car 'back in the day' and was still paying for it long after I'd sold it on...