sand-eel
Member
Registered: 15th Mar 07
Location: carluke/braidwood--IRNBRULAND
User status: Offline
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Don't know if this has been said but....why do you need a £4k loan for a 1.4 sport?
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will_doyle
Banned
Registered: 25th Nov 08
Location: Exeter
User status: Offline
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quote:
Originally posted by sand-eel
Don't know if this has been said but....why do you need a £4k loan for a 1.4 sport?
Really need £3000
1200 for car
1200 for insurance
I want to pay insurance in full as its one less thing to pay off monthly
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AlunJ
Member
Registered: 3rd Apr 07
Location: Newport
User status: Offline
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My bank wouldn't give me a loan when I was 18 with a full time job. Personally I wouldn't do it, everything I own I've worked my tits off and saved for, 2 years on my bank keep sending me letters saying I can have so much on a loan but I really don't want the hassle of it all, when I can save up and have what I want. Sure I want a nice car but if I can't afford it, you should never spend outside what you can afford, unless you have the money for it, don't buy it simples. Why do you think Britain is in such a state financially? Because so many people are spending outside their means - you'll only regret it. The only loan I plan on taking is a mortgage.
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BluKoo
Member
Registered: 8th Apr 02
Location: Stonehaven (Scotland)
User status: Offline
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quote:
Originally posted by will_doyle
quote:
Originally posted by sand-eel
Don't know if this has been said but....why do you need a £4k loan for a 1.4 sport?
Really need £3000
1200 for car
1200 for insurance
I want to pay insurance in full as its one less thing to pay off monthly
Thats a bif maths fail right there 
£1200 + £1200 = £2400 not £3k.
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sand-eel
Member
Registered: 15th Mar 07
Location: carluke/braidwood--IRNBRULAND
User status: Offline
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yes pay it in full, paying monthy works out more expensive anyway eg elephant adds on 33%.
also go a named driver for say first 2 years, thats what I did, didn't get any NCB but saved prob £1500+ and I doubt if I had 4 YNCB my insurance now would be much cheaper.
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AlunJ
Member
Registered: 3rd Apr 07
Location: Newport
User status: Offline
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£600 to go clubbing with
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sand-eel
Member
Registered: 15th Mar 07
Location: carluke/braidwood--IRNBRULAND
User status: Offline
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anyway your credit rating will be poor so your talking a loan for 30%APR prob or more anyway, not worth it.
[Edited on 26-07-2009 by sand-eel]
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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These days it's not even up to the employee Colin So even if some shmuck wanted to throw money at this kid, the computer will probably spit in his face and call him a fanny.
Edit: This comment was aimed at something said 15 minutes ago 
[Edited on 26-07-2009 by Eck]
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will_doyle
Banned
Registered: 25th Nov 08
Location: Exeter
User status: Offline
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quote:
Originally posted by BluKoo
quote:
Originally posted by will_doyle
quote:
Originally posted by sand-eel
Don't know if this has been said but....why do you need a £4k loan for a 1.4 sport?
Really need £3000
1200 for car
1200 for insurance
I want to pay insurance in full as its one less thing to pay off monthly
Thats a bif maths fail right there
£1200 + £1200 = £2400 not £3k.
round up
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will_doyle
Banned
Registered: 25th Nov 08
Location: Exeter
User status: Offline
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you lot still thing asking for £3000 is a bad idea?
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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But if you're rounding up then surely it's £2.5k?
I really think you'd be daft to get the loan. I know what it's like, being so horrendously desperate to get some wheels so you go daft and get a loan to do so. Bad idea.
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Pete_vxl
Member
Registered: 24th Nov 06
Location: Lochgelly, Fife
User status: Offline
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buy ecks 106
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will_doyle
Banned
Registered: 25th Nov 08
Location: Exeter
User status: Offline
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quote:
Originally posted by Eck
But if you're rounding up then surely it's £2.5k?
I really think you'd be daft to get the loan. I know what it's like, being so horrendously desperate to get some wheels so you go daft and get a loan to do so. Bad idea.
nearest hundred
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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quote:
Originally posted by Pete_vxl
buy ecks 106
Sold a wee while ago now
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Carl
Member
Registered: 9th May 04
Location: Jimmy Bennett's la la land.
User status: Offline
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quote:
Originally posted by will_doyle
quote:
Originally posted by sand-eel
Don't know if this has been said but....why do you need a £4k loan for a 1.4 sport?
Really need £3000
1200 for car
1200 for insurance
I want to pay insurance in full as its one less thing to pay off monthly
So you want to get a loan and in that you are going to cover the insurance cost because it is one less thing to pay monthly?! Are you serious?! you will be paying back the loan monthly you fuck wit. All you are going is swapping it from a payment to an insurance company to a payment to a bank, which will be at a far higher interest rate.
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sand-eel
Member
Registered: 15th Mar 07
Location: carluke/braidwood--IRNBRULAND
User status: Offline
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well tbh it is literly one thing less to pay monthly
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sampayne21
Member
Registered: 3rd Sep 08
Location: Sidcup Kent Drives: BMW E46
User status: Offline
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quote:
Originally posted by will_doyle
you lot still thing asking for £3000 is a bad idea?
yes its a bad idea at your age with your cash flow
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DannyB
Premium Member
Registered: 6th Feb 08
User status: Offline
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Take advice from older and wiser people on here who have been there and made the mistakes.
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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lol @ rounding £2400 up to £3000.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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I think if it's got to 7 pages and he still wants to pay £4k for a 1200 quid car then there's nothing we can say or do.
Get the loan and enjoy your car that you'll be stuck with for four years because it'll never be worth anywhere near what the loan to buy it costs you.
Then when you want to change your car, hopefully you'll have some birthday money and a third part time job because you won't want an extra monthly payment while you're still paying for insurance you stopped using three years earlier.
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Ollie_B
Member
Registered: 1st Jun 08
Location: North Wales/Wirral
User status: Offline
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/\ Sums this whole thread up
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Just buy a shitter
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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reminds me of that guy desperate for a car so he got finance from car giant which worked out at £9k for a shitty old clio
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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cargiant lol
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kz
Member
Registered: 9th Aug 02
Location: Southend, Essex Drives: Mini Cooper S
User status: Offline
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quote:
Originally posted by Tomnova16
reminds me of that guy desperate for a car so he got finance from car giant which worked out at £9k for a shitty old clio
Epic thread.
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