Very large deposit car finance, poor credit rating

Grumpy_chap

Having 3 Range Rovers seems daft to me, as they will all be the same.  Seems more sensible to have some variation - maybe an S-Class and a 911?

ratechaser

Grumpy_chap said:

Having 3 Range Rovers seems daft to me, as they will all be the same.  Seems more sensible to have some variation - maybe an S-Class and a 911?

Actually I stand corrected, one of them is a Defender (although not one that looks like it gets muddy that often), sitting alongside a Velar and one of the silly money Autobiography ones. But your point is very valid, if I saw cars as much more than a utility, I'd want something a bit more 'fun' - the F Type a few doors along for example...

but not the daft Ferrari that is also nearby and makes a bloody racket every time it leaves the drive...

Grumpy_chap

Yes, the F-Type is nice and the Ferrari is nonsense off the race track.  I'd probably prefer the F-Type to the 911 tbh.  If I had the Ferrari money, I'd wait for the new Tesla Roadster.  That said, none of these will be happening.

I do not agree with you on £40k as hardly extravagant purchase (Disco Sport), but rather as a fairly comfortable and middle of the range family car.  £40k and the Disco Sport is a very "aspirational" car and well above middle-of-the-road.

foxy-stoat

Depends on who's £40,000 your talking about.....if your one of them people who have managed to save £40,000 cash and its sitting in the bank and you have enough other savings and sitting on good equity in your home then spend away !

If you are buying a £40,000 car with no savings, apart from the heap your currently driving, and looking for a PCP deal (so deferring say £20,000 but paying interest on it none the same) all you are doing is hiring a car you cannot afford to own with an option to buy and leaving yourself open for a nice bill for damage that may or may not happen in 3 or 4 years time in the hope that your circumstances wont change for the length of the contract, renting or high LTV mortgage....then I wish you all the luck, you will need it if unexpected things happen in life.....who would of thought this time last year that Covid was going to bring the World to standstill give the global economy a kickin.

macman

A £40K RR is a 'middle of the road' car?
Are you sweetsand in disguise?

ratechaser

macman said:

A £40K RR is a 'middle of the road' car?
Are you sweetsand in disguise?

I've never claimed to be highly respected!

Although to be pedantic, it was a LR and not a RR, I'm not made of money you know... 

Gycraig

A 40k car is middle of the road ?. Not a single car on my new build housing estate is worth more than 40k. 

With that credit rating you either take a high interest loan and pay it as quick !!!!!! you can, save the extra 10k ish and buy it cash, or buy a car that you can afford cash. 
might be worth reporting your ex for fraud and trying to get defaults removed Iv she took them out without your knowledge. 

I would also pay off the defaults before going for credit.