Je11ybubb1es
Member
Registered: 11th Jun 02
Location: Milton Keynes
User status: Offline
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looking at getting new car, have sharesave coming out in 3 yrs but cant wait that long and dont want to spend all of it on car anyway, would like to have savings for once!!
how much would be a good amount per month to pay, and how much would you spend on a car?? its just i would love to get a really nice car but dont want to get myself into trouble for it!
how much do you's all pay per month, and what term is it over?
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drunkenfool
Member
Registered: 7th Feb 03
Location: Hereford Drives: Audi R8 V8
User status: Offline
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i dont have a proper loan for my car. Well, my mum lent me the money for my engine conversion intrest free over 2 years if i go to uni (old enine blew up pretty much!) otherwise i gotta pay intrest. 
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AdamF
Premium Member
Registered: 24th Apr 02
Location: Bexhill, East Sussex
User status: Offline
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225 a month for two years @ 5.9 % apr, thats on my vectra though. dont get finance though geta bank loan youll be paying less interest etc
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Je11ybubb1es
Member
Registered: 11th Jun 02
Location: Milton Keynes
User status: Offline
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i know i work for a bank so i get 6.9%. i was looking at buying a 15k car, putting 2200 as deposit plus part ex of about 2-3k, loan of 10k costing about 200pm
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langey
Member
Registered: 7th Sep 03
Location: Wigan
User status: Offline
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loans from the bank of mum are great, you can be late with payments, and most of the time no intrest is paid. 
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Je11ybubb1es
Member
Registered: 11th Jun 02
Location: Milton Keynes
User status: Offline
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thats over 5 yrs tho
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kev_corsa
Member
Registered: 7th Nov 02
Location: Newport, Uni in Bristol
User status: Offline
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quote:
Originally posted by langey
loans from the bank of mum are great, you can be late with payments, and most of the time no intrest is paid.
i agree 
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Mikorsa16v
Member
Registered: 2nd Sep 02
Location: Burgess Hill, West Sussex
User status: Offline
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im paying back £350 a month over 3.5 yrs
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PaulW
Member
Registered: 26th Jan 03
Location: Atherton, Greater Manchester
User status: Offline
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I was paying £108.60 a month over 4 years for my corsa...
Payments end in a few months but the contract thing says I can't modify my corsa & it must remain fully insured at all times (FC) aswell as remain road-legal... oops...
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MattyB
Member
Registered: 13th Nov 01
Location: 118.5bhp :D
User status: Offline
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Surely it depends on how much u earn/what your outgoings are!!?
anyhoo, i managed to get my car put on me mum's barclaycard, meaning 0% interest and i pay it back wheneva i want
Matt
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PaulW
Member
Registered: 26th Jan 03
Location: Atherton, Greater Manchester
User status: Offline
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It's easier getting finance on a car than to get a loan, as the finance is secured on the car itself, but a personal loan (most people here probs still live with parents) would be harder to get with those circumstances.
Thats why car finance always have higher-interest rates also so they win either-way!
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Je11ybubb1es
Member
Registered: 11th Jun 02
Location: Milton Keynes
User status: Offline
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it doesnt matter if you live at home or not, all it goes on is how you've been with credit in the past, if you go over your overdraft every month or get a credit card and within a couple of months have maxed it out then you probably wont get a p loan. residential status hardly ever comes into it. as long as your income/expenditure balances with the new figures you're normally ok
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Dave M
Member
Registered: 21st May 03
Location: Rainham, Kent
User status: Offline
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i pay £250 a month on my corsa, thats insurance aswell 3 years
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sxi16vjoe
Member
Registered: 16th Dec 02
Location: Kent
User status: Offline
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quote:
Originally posted by PaulW
I was paying £108.60 a month over 4 years for my corsa...
Payments end in a few months but the contract thing says I can't modify my corsa & it must remain fully insured at all times (FC) aswell as remain road-legal... oops...
Yesh my finance company do not kjnow I've written off their car yet!
Big ooops
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