We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Changing car to pay debt?

2»

Comments

  • stu12345_2
    stu12345_2 Posts: 1,576 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 23 January 2024 at 8:21PM
    cars can go beyond 100000 miles these days easily, what kills a car these days is the electronics, it can write a car off if too many go wrong 

    it's very hard to find an uncomplicated car these days, bring back the old mark two escorts I say.
     Mercs and bmws are cheap at 10 years old cos they are potential money pits 

    Skoda make very good cars these days, the Octavia or yeti are very good buys.
    Christians Against Poverty solved my debt problem, when all other debt charities failed. Give them a call !! ( You don't have to be a Christian ! )

    https://capuk.org/contact-us
  • Andyjflet
    Andyjflet Posts: 733 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    I dont think the 3k difference is worth the swap, I'm an ex car dealer and vehicle finance specialist now. Find other ways to increase your earnings and throw at the loan/cc
    Baby Step 6/7 . £16000 saved and invested. £47,000 deposit paid on new home DEBT FREE !!!
    Currently Negotiating with HMRC !
  • If it's reliable, I wouldn't risk changing it for 3K.  Ten maybe yes but 3K could easily be swallowed with repairs on the new car.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.8K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.8K Work, Benefits & Business
  • 603.3K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 260.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.