Is car finance a good idea?

Soldato
Joined
19 Jan 2003
Posts
17,542
Location
Bristol, UK
I am quite against any form a credit unless it can end up making you more money (i.e. what Pug has done) or is interest-free.

Personally, I would still prefer to save up then pay for goods upfront.

I am currently saving for my next car and holidays and things like that.

If I was in your boots, which I kind of was then I would do what I did. I spent my £1000 budget on a car. I could have financed a car but glad I didn't.

For £900 I picked up my P plate 88k Mk2 Mondeo Ghia X. Smashing first car, I am still gutted that it was smashed up by white van numpty :(

If you shop around then you will find a nice 306 for under £1000.
 
Soldato
Joined
13 Mar 2004
Posts
16,649
i just cant stand the idea of having anything that i dont own, hence all mine have been cash. instead of spunking borrowed money, i saved.
 
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