Best way to buy/finance a car at 80 years of age?

sandy700

I need to buy a new car, my old one was in an accident and is a write off.

I have £15,000.

What would be the best way to pay for it finance if I can get it or cash, considering I could end up not being able to drive it shortly given my age?

I am loth to pay £15,000 if I might only be able to drive it for a year or two, I currently have slight cataracts, but according to my optician  still able to drive.

Same with heart problems

born_again

I would not finance a car in your situation.
PCP, could end up selling car & still having a debt to pay.

Look for a cheaper car would be best.

fatbelly

I'd buy for cash but I might not use all the 15k

What sort of car are you looking for?

Iceweasel

Cataracts can be easily fixed in most cases, if and when your Optician deems it necessary to meet DVLA requirements.
I'm 76 and also have slight Cataracts, but my Optician says not to worry - we'll deal with it if/ when the time comes.

LightFlare

also to consider at 80 with a claim is the cost of insurance on any future vehicle

Ectophile

If I had £1500 ready, I would buy a nice used car from a reputable dealer.

Finance agreements are not easy to get out of once they are started.  And not being able to drive the car any more won't be the finance company's problem.  You will have to pay (or have paid) half the total finance cost to voluntary terminate.  You may be able to sell the car and get the buyer to pay off the finance, but that's no guarantee that the car will be worth the outstanding finance bill.

Getting out of a lease deal early will be even harder.

DullGreyGuy

sandy700 said:

I need to buy a new car, my old one was in an accident and is a write off.

I have £15,000.

What would be the best way to pay for it finance if I can get it or cash, considering I could end up not being able to drive it shortly given my age?

I am loth to pay £15,000 if I might only be able to drive it for a year or two, I currently have slight cataracts, but according to my optician  still able to drive.

Same with heart problems

Either pay cash for a cheap car that will hopefully last you for the rest of your driving days or lease a better car on a 1 or 2 year deal knowing it'll cost you more and you may be in the same position in a year or two if you've decided you are still fit to drive. 

sheramber

Get a bank loan?

photome

Use some or all of the 15k , you could get a nice car for that from a reputable dealer with a manufacturers warranty.   Assuming you also have some other spare cash and income