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WHAT DOES IT TAKE?!

mtsd1
mtsd1 Posts: 12 Forumite
First Anniversary First Post
in Loans
I need a car, with some urgency.  I have been looking at PCP leasing:  I have the funds for the initial payment & I have the funds for the monthly payments, but I cannot get a loan due to an historic default (going back at least 4 years) I'm guessing, where payments stopped on my part and were not pursued by the lender.  Can anyone advise how I might buy a car with the money I have.  You're advice is appreciated.
Stay well - stay safe. 
«1

Comments

  • BrassicWoman
    BrassicWoman Posts: 3,220 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    how much money do you have?
    2021 GC £1365.71/ £2400
  • sourcrates
    sourcrates Posts: 32,518 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    Err, go to a garage and buy one for cash ?

    Easy to say, not so easy to do at present, some dealers will deliver for you, if they are open, lots are not.

    Private sales more easily sourced, but that brings with it a level of risk, depends how desperate you are.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • mtsd1
    mtsd1 Posts: 12 Forumite
    First Anniversary First Post
    BrassicWoman said:
    how much money do you have?
    Enough to meet the monthly PCP payments & initial down payment.
  • mtsd1
    mtsd1 Posts: 12 Forumite
    First Anniversary First Post
    sourcrates said:
    Err, go to a garage and buy one for cash ?

    Easy to say, not so easy to do at present, some dealers will deliver for you, if they are open, lots are not.

    Private sales more easily sourced, but that brings with it a level of risk, depends how desperate you are.
    sourcrates said:
    Err, go to a garage and buy one for cash ?

    Easy to say, not so easy to do at present, some dealers will deliver for you, if they are open, lots are not.

    Private sales more easily sourced, but that brings with it a level of risk, depends how desperate you are.

    Thanks Sourcrates, appreciated - not enough cash to buy outright, sadly,
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    HP will be secured on the car but as others have posted most garages round here are closed for sales just open for breakdown emergencies.
  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Buy 1 with cash, job done.
  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    mtsd1 said:
    I need a car, with some urgency.  I have been looking at PCP leasing:  I have the funds for the initial payment & I have the funds for the monthly payments, but I cannot get a loan due to an historic default (going back at least 4 years) I'm guessing, where payments stopped on my part and were not pursued by the lender.  Can anyone advise how I might buy a car with the money I have.  You're advice is appreciated.
    Stay well - stay safe. 
    Whats the urgency ?
  • mtsd1
    mtsd1 Posts: 12 Forumite
    First Anniversary First Post
    I don't have any transport, that's the urgency... and it's 21 miles to the nearest station   
  • BrassicWoman
    BrassicWoman Posts: 3,220 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    mtsd1 said:
    BrassicWoman said:
    how much money do you have?
    Enough to meet the monthly PCP payments & initial down payment.
    No, how much money do you have. Money, in your hand. Actual cash amount. Not pretend do-not-have money.
    2021 GC £1365.71/ £2400
  • Wyndham
    Wyndham Posts: 2,650 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    mtsd1 said:
    I don't have any transport, that's the urgency... and it's 21 miles to the nearest station   
    Have you just moved?  Why is this a new, urgent situation?

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