Cars on finance

[danzooo]

never have and hopefully never will get a car on finance. I'm on to my 4th car now and I've paid for them all with hard earned wages. I can't stand it when people who have no interest in cars whatsoever get a brand new car off mummy and daddy either.

this annoys me to the point of absolute rage! people who get bought brand new cars for learning to drive too, most ridiculous thing in the world - parents have more money than sense, obviously.

[Robbie]

loan > finance.

also someone i know got a brand new astra on finance and wrote it off 3 days later. pretty funny stuff. (18)

[Metric1]

I had my 2003 Honda Accord on finance and it cost me $625 a month and my mom paid my insurance. I worked like 40 hours a week and went to high school and never missed a payment. After that, the transmission died and my brother bought it off me and I bought the same car just 2 years newer.. The way it worked out was I was getting a killer deal on the new Accord already and I was going to finance the remaining 3 grand or something small like that for 2 years (smallest term they would give me) and I was like that's such a hassle paying off that little bit of money over 2 years so I just asked my mom for the money and she gave it to me. I was supposed to pay it back but I never physically gave her the $3000, but I've done a lot of work for her that I never was paid for so I think it evens out and she told me not to worry about it.

My mom doesn't finance cars anymore because she has the money to pay for them or she finds alternative methods to finance the vehicle she wants that allows her to pay cash at the dealer. You're getting raped as it is with interest charges through dealer financing companies and most dealers will go a few hundred dollars above invoice if you pay cash. With the Range Rover she actually paid below invoice for it, meaning the dealer actually lost money because it was the end of the year and they needed to get rid of it before it devalued anymore.

[GommeInc]

bit of advice... get a loan instead and buy the car outright. miss a payment on loan you get an extra charge, miss a payment on car finance = lose the car usually

Varies, some have you pay an extra charge like you would a loan on the next standing payment. You only lose the car if you continue to miss payments

this annoys me to the point of absolute rage! people who get bought brand new cars for learning to drive too, most ridiculous thing in the world - parents have more money than sense, obviously.

So true! If you have a car to have after you pass, have one that is a decent price but isn't old enough to lack safety, technology and possible spare parts. So by todays standards the model before, so the previous Fiesta, Corsa, Polo etc. New cars are only a realistic idea if you are definitely a good driver and the car you're getting isn't a stupidly powerful or over-sized vehicle, or you've been driving for 3 or so years.

[Joe!]

Thinking about getting an Audi a1 on finance actually, they look really nice for a small car. Think i'd get a loan instead of finance though, just seems a bit better in my eyes.

[Alexx..]

What types of car do you guys have on finance? I may look at getting one on it.

[danzooo]

What types of car do you guys have on finance? I may look at getting one on it.

2010 '59 plate Renault Clio 1.2 TCE Dynamique 100bhp

[J0SH]

Not yet but when my credit rating starts ticking over I'll get a Range Rover on finance, only something like £650 a month.

[danzooo]

Not yet but when my credit rating starts ticking over I'll get a Range Rover on finance, only something like £650 a month.

only?!

[GommeInc]

Not yet but when my credit rating starts ticking over I'll get a Range Rover on finance, only something like £650 a month.

That seems kinda average How many months/years is that in that for in total?