X16joeXE
Member
Registered: 26th Jul 09
Location: Tarvin, Cheshire
User status: Offline
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Im sick of my car and want something nice for a change. Been looking into loans but because i dont have a credit rating im struggling to get one.
Has anyone had this problem, and does anyone know anywhere that might give me a loan of around £5000 over a 3 year payback with little or no credit history?
Im 19, no debts, still living with parents.
Cheers guys.
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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I'm sort of in the same predicament and all I would say, is don't bother.
You have a 1.6 Sport which is an excellent first car in terms of its capabilities.
Save up for a while, it'll be tough but what you can get insured on at 19 won't be much of an upgrade and you'd have to keep for 3 years.
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l15ter
Member
Registered: 1st Feb 08
Location: Berkshire
User status: Offline
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yeah deano97 is right, just save, if theres nothing wrong with the car mechanically then keep it and save up
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P1CK4D
Member
Registered: 19th Jun 06
Location: Around Essex Somewhere
User status: Offline
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Dream as if you'll live forever, live as if you'll die today.
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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quote:
Originally posted by P1CK4D
Dream as if you'll live forever, live as if you'll die today.
Plan out your future. But do it in pencil.
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P1CK4D
Member
Registered: 19th Jun 06
Location: Around Essex Somewhere
User status: Offline
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quote:
Originally posted by deano87
quote:
Originally posted by P1CK4D
Dream as if you'll live forever, live as if you'll die today.
Plan out your future. But do it in pencil.
Hence why you have a 12v.
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Nath
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Registered: 3rd Apr 02
Location: MK
User status: Offline
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A caged 1.6 at 19 isn't bad tbh.
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P1CK4D
Member
Registered: 19th Jun 06
Location: Around Essex Somewhere
User status: Offline
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quote:
Originally posted by Nath
A caged 1.6 at 19 isn't bad tbh.
quote:
Originally posted by X16joeXE
Im sick of my car and want something nice for a change.
I don't think adding a cage is really what he's looking for if im totally honest.
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Nath
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Registered: 3rd Apr 02
Location: MK
User status: Offline
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Indeed. I was merely stating that what he has isnt bad. At 19 I had a boggo 1.4 16v Sport.
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Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
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Btw his car is caged, if thats his in the avatar.
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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quote:
Originally posted by Nath
Indeed. I was merely stating that what he has isnt bad. At 19 I had a boggo 1.4 16v Sport.
At 19 I had a boggo 12v GLS. I'm 22 and still have it 
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MatthewR
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Registered: 21st Oct 02
Location: Rickmansworth
User status: Offline
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My brother just got a loan from barclays, he lives at home still, no credit history, offered him upto £13k and he only works as a warehouseman
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P1CK4D
Member
Registered: 19th Jun 06
Location: Around Essex Somewhere
User status: Offline
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quote:
Originally posted by deano87
quote:
Originally posted by Nath
Indeed. I was merely stating that what he has isnt bad. At 19 I had a boggo 1.4 16v Sport.
At 19 I had a boggo 12v GLS. I'm 22 and still have it
Keep it till you die. Do what everyone thinks your going to do.
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Pete_vxl
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Registered: 24th Nov 06
Location: Lochgelly, Fife
User status: Offline
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I got my gsi at 19, i work for a bank so got an amazing rate. Aslong as you could easily afford the payments i dont see a problem. This isnt really the time to be looking for credit, at your age and credit history expect high teens to mid twenty aprs.
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X16joeXE
Member
Registered: 26th Jul 09
Location: Tarvin, Cheshire
User status: Offline
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LOL cheers for the comments, they made me chuckle anyway.
Its mechanically F**k'd, things keep breaking, thats why i want something better.
Dont get me wrong, it is a nice car thats fast (ye it does have a cage lol) but its not reliable. Need something that will get me to work and back without breaking.
Might try Barcleys depending on APR.
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fir3vip3r
Member
Registered: 14th Jun 06
Location: Stevenage, Hertfordshire
User status: Offline
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doesnt sound too bad.. A 5k car probably wont drop loads of money anyway. Plus if its a loan you dont have to even keep the car for 3 years. If you can afford the repayments. Go for it
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SVM 286
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Registered: 13th Feb 05
Location: pain
User status: Offline
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All i'll say is this. It's not a nice feeling when you take a loan of 25k out over five years and lose your job two months later.
Stick with the Corsa and save up some dough. You'll feel better for it in the end and be a free man which is more important.
Having a huge loan hanging over your head really is like serving some sort of sentence.
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connollygt30
Member
Registered: 16th Nov 08
Location: West Lothian
User status: Offline
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quote:
Originally posted by X16joeXE
LOL cheers for the comments, they made me chuckle anyway.
Its mechanically F**k'd, things keep breaking, thats why i want something better.
Dont get me wrong, it is a nice car thats fast (ye it does have a cage lol) but its not reliable. Need something that will get me to work and back without breaking.
Might try Barcleys depending on APR.
Im on my third corsa and touch wood...mine have always been reliable and never let me down
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