Help to make decision on car

MinuteNoodles

JCS1 said:

Be careful - with you not using it for 2 months, you may have demonstrated that is it not needed.

Very very unlikely that'll happen given the government told everyone to stay at home and only go out for essential reasons.

fatbelly

I would have thought the Lloyds account would be OK. if it's not overdrawn and you have no other Lloyds debts.

Cash in hand is safest though

limdylou29

MinuteNoodles said:

JCS1 said:

Be careful - with you not using it for 2 months, you may have demonstrated that is it not needed.

Very very unlikely that'll happen given the government told everyone to stay at home and only go out for essential reasons.

I lost my job back in February and my mind Come to think of it. Made some decisions I wish I hadn’t now. ie car insurance. Just wasn’t sure at the time about finances Or anything and I had to claim UC which they did muck up my first payment. I was very ill and not thinking straight or clearly. But I’ve come to terms with the fact that I will loose my car! 

limdylou29

fatbelly said:

I would have thought the Lloyds account would be OK. if it's not overdrawn and you have no other Lloyds debts.

Cash in hand is safest though

No I have no debt with my bank. No overdraft. I’m going to get a Barclays basic account tomorrow just in case Lloyd’s do close my account, I don’t want to rely on it staying open and not have a back up. 

fatbelly

You may be given the opportunity to buy your car back if that is what you want to do. 

limdylou29

I wonder if all of us feel the same the day before applying for bankruptcy. I’m feeling very defeated and ashamed!

limdylou29

fatbelly said:

You may be given the opportunity to buy your car back if that is what you want to do. 

I would love that but it won’t happen, my family have helped me out enough. Just I’ve had it 4 years all paid for and I know it so well. I haven’t been without a car in 20 years. Hence why I feel so defeated. 

luvchocolate

My car was valued at £1800 and I got to keep it. 
It was a requirement of my job that I had transport so it was a genuine need 

JCS1

MinuteNoodles said:

JCS1 said:

Be careful - with you not using it for 2 months, you may have demonstrated that is it not needed.

Very very unlikely that'll happen given the government told everyone to stay at home and only go out for essential reasons.

I know of quite a few cases where a car was SORN and was taken as an asset.