Car loan several years after bankruptcy

dealer_wins

Its not smugness, just people trying to save you literally £1000s in interest and from making the same mistake twice!

System

..and that bit I do appreciate, however there is a lot of assuming going on here which isn't in any way helpful or even useful.

DCFC79

Unfortunately despite your scores being as they are its just yku who can see them, lenders see your history.

Try some of the eligibility checkers that are around.

System

I already have. 80-90% acceptance on a loan of about £7k. I tried the Barclaycard (with 0% for 20-odd months) and was accepted but not for that length and for a higher apr. afterwards so I didn't go ahead with it. That's fine, I wasn't expecting miracles.

John_G_Jones

messedupmoney wrote: »

We save a bit between us to cover annual bills and have a few £K in premium bonds but other than that we're not really in the league of savers.

Don’t you think it’d be a good idea to start saving rather than going down the road of taking on debt again? If you can afford the loan repayments then you could have been saving already. If you can’t afford to save then how will you afford the payments?

John_G_Jones

messedupmoney wrote: »

..and that bit I do appreciate, however there is a lot of assuming going on here which isn't in any way helpful or even useful.

I disagree. You utterly messed up your finances once before and seem to be intent on heading down that road again by borrowing money to buy something shiny and expensive without having the spare income to service the loan.

Complaining and deleting your original post is not a particularly adult way to deal with people trying to give you genuine help.

System

John, I deleted the post because I don't want any more replies in the same vein as some that I've received so far. I was asking for a bit of advice on a loan and got some to be sure, but also a small pile of judgement, assumption and finger-wagging condescension.

I don't need to be told repeatedly that mistakes were made - I know what my mistakes were - I lived through them, and the fact that 7+ years later I don't have any debt, pay all the bills, have a little bit put aside and have got my credit rating up again (whether I need it or not) and still have a workable business is something I'm not ashamed about.

Alternative options on how to buy, viewpoints on age of car are all welcome. The rest...isn't. Done.

Dandytf

messedupmoney wrote: »

John, I deleted the post because I don't want any more replies in the same vein as some that I've received so far. I was asking for a bit of advice on a loan and got some to be sure, but also a small pile of judgement, assumption and finger-wagging condescension.

I don't need to be told repeatedly that mistakes were made - I know what my mistakes were - I lived through them, and the fact that 7+ years later I don't have any debt, pay all the bills, have a little bit put aside and have got my credit rating up again (whether I need it or not) and still have a workable business is something I'm not ashamed about.

Alternative options on how to buy, viewpoints on age of car are all welcome. The rest...isn't. Done.

Decide if you want to make monthly payments.
Visit a local dealership or car showroom.
Ask if they can run a credit check with your details.
(Might be best to provide idea of example of what car you want and max you think you can afford)
Prepared to be possibly declined and accepted above advertised apr's-shop around don't go for almost 30% maybe you could get 10% apr etc
I prefer lowest mileage possible, latest has 7k miles though finance is 10%apr over 60 months, I expect this to last at least3-5 years@6k per annum.

John_G_Jones

messedupmoney wrote: »

Alternative options on how to buy, viewpoints on age of car are all welcome. The rest...isn't. Done.

Save up your pennies. Manage it more quickly by taking on extra work and / or cutting back on spending.

When you have around £2,000ask a friend who knows about cars to help you buy something about five years old from a private seller.