Is car finance a good idea?
I’m in the market for a new car. My current car needs a new clutch and new drive shafts. I need to travel 60 miles to work everyday, I need a reliable car. So I think it’s time for it to go.
I’ve got a £1000 banked but pondered on the thought of financing a car instead.
I’ve looked around a few garaged and some of the boast a guaranteed finance scheme, so is this all circumstanced accepted?
I’m 19, studying a part time degree, while also working at Halfords, earning me approximately £600 a month. More like £900 a month now that I’m working full time during the summer break.
I live at home with my parents and my only outgoings are my contract phone and £80 a month rent.
Student finance direct are kindly providing me with a loan for £3515, but in 3 equal instalments, one in September, one in January and the final one in April.
I think I could easily afford to finance a car, I only plan to spend up to £2,500.
What’s your opinion on car finance for someone in my position?
Thanks
Tom
I’m in the market for a new car. My current car needs a new clutch and new drive shafts. I need to travel 60 miles to work everyday, I need a reliable car. So I think it’s time for it to go.
I’ve got a £1000 banked but pondered on the thought of financing a car instead.
I’ve looked around a few garaged and some of the boast a guaranteed finance scheme, so is this all circumstanced accepted?
I’m 19, studying a part time degree, while also working at Halfords, earning me approximately £600 a month. More like £900 a month now that I’m working full time during the summer break.
I live at home with my parents and my only outgoings are my contract phone and £80 a month rent.
Student finance direct are kindly providing me with a loan for £3515, but in 3 equal instalments, one in September, one in January and the final one in April.
I think I could easily afford to finance a car, I only plan to spend up to £2,500.
What’s your opinion on car finance for someone in my position?
Thanks
Tom