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interestfree4cars.com
mrwibble - 10/10/11 at 06:42 PM

http://www.interestfree4cars.com

anyone used this website, something about it says dodge pot.

cheers

Ed.

jabs - 10/10/11 at 06:49 PM

check the reviews

http://www.moneysupermarket.com/community/forums/t/interestfree4cars-12175.aspx

stevegough - 10/10/11 at 06:57 PM

I agree, wibbling wonky site! Suspect the interest payments are rolled into the original price of the car - they certainly aren't cheap.

balidey - 10/10/11 at 07:00 PM

Here's an alternative way to buy a car in three easy steps.
1: Save up enough money to buy a car.
2: Buy a car.
3: its so easy there is no step 3.

Personally I would try and avoid car finance at all costs, but as I used to work repossessing cars I see how easy it is to be tempted into very very bad deals.

mrwibble - 10/10/11 at 08:19 PM

thanks balidey, real useful.

JoelP - 10/10/11 at 09:27 PM

quote:
Originally posted by mrwibble
thanks balidey, real useful.


but sound advice! If you really want a car that you cannot afford, try a normal bank loan first. You might get around 7%apr, far cheaper than the rates offered by people trying to flog cars. Last time i enquired on that one it was more like 20%.


Then buy it at an auction.

[Edited on 10/10/11 by JoelP]

daviep - 10/10/11 at 09:40 PM

quote:
Originally posted by mrwibble
thanks balidey, real useful.


Yeah it really is useful advice

balidey - 11/10/11 at 07:00 AM

quote:
Originally posted by mrwibble
thanks balidey, real useful.

It may not have sounded it, but it really was meant to be proper advice, because...

quote:
Originally posted by balidey
I used to work repossessing cars

Which is NOT nice.
And I gaurantee that not one of the people who lost their cars ever thought they were going to.
Buying a car gives you an asset.
Financing a car gives you a debt.
My entire life I have only ever bought cars I can afford. Yes most have cost a few hundred pounds, but I've never, not once, had to worry about missing a payment.

Ian Pearson - 11/10/11 at 08:51 AM

Sound advice Balidey.

mrwibble - 11/10/11 at 09:07 AM

its not a question of want at the moment, its need, i don't want my misses driving my child around in a tin box, unfortunately my bank balance is at an all time low.

McLannahan - 11/10/11 at 09:40 AM

quote:
Originally posted by mrwibble
its not a question of want at the moment, its need, i don't want my misses driving my child around in a tin box, unfortunately my bank balance is at an all time low.


What's your budget MW? Can you scrape anything together? Older Volvos and Saabs have a pretty awful second hand value but are both relatively safe cars for your wife and child?

mrwibble - 11/10/11 at 10:07 AM

not more than a few hundred quid. looked into leasing with lings cars, but the lease on a fiesta works out as the value of the car, which seems a shame you don't end up with anything at the end.

[Edited on 11/10/11 by mrwibble]

MikeRJ - 11/10/11 at 10:27 AM

quote:
Originally posted by mrwibble
its not a question of want at the moment, its need, i don't want my misses driving my child around in a tin box,


It IS a question of want then.

Get a small loan and buy a decent s/h car. You don't have to spend stupid money to get something modern and safe; look at the price of a late Mk3 Mondeo for instance. I'd avoid a modern diesel if you can't cope with some potentialy large repair bills.