If my car holds on until my credit file is clear I will definitely look for a brand new car as there are such good deals around. My uncle has just bought a brand new Honda Jazz and could have had 4 years interest free credit, 4 years free servicing (parts and labour) and 4 years breakdown cover.
I have never bought a new car and never would because i think it is a waste of money,Anybody with a good wage and in secure employment then go for it,if your living from month to month like i am then i would have second thoughts.
Lesley, I didn't like the car until I saw my uncle's one but it's really nice - I'm getting old as I was thinking how practical and comfortable it is! I wouldn't get the same colour as him though - there should be a law banning brown cars from the road!!!
If I won the lottery then a brand new car would be top of my list once I'd sorted out my finances.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I would agree if the government could sort out there finances from the taxes they recieve,unfortunately history shows they are crap at that and have wasted enough of my taxes.so any thing i buy in the future like cars where i can avoid tax the better.
Last edited by MRBLUESKY on Sun Jan 22, 2012 7:46 pm, edited 1 time in total.
Can't believe quite how readily you all are to get in debt again so easily after suffering at the hands of creditors for so long. Personally if I needed a car for work I would finance a banger to get me from a to b for the next 6 months to a year and during that time i would be saving up so that when The car gives out I will have enough money to buy a lovely replacement up front with no debt to worry about.
Wanting something now without saving for it is one of the reasons I'm in my current mess and I certainly won't be going back down the path of ooh interest free credit for this and interest free credit for that before you know it you owe lots of money again and have a noose round your neck once more
I am actually really disappointed after reading how frugal you all are and sensible to be so tempted at the first glimse of a new car on finance. Andy I also don't feel it's good advice to tell someone who has just concluded their IVA that they should jump straight back into debt without serious thought to the necessity of that finance and what would happen of they lost their job etc
It's not always cost effective to have an old banger - I know, I had one as a temporary measure and I spent a fortune on it.
No one here is saying that they will get into debt for the sake of it, we are saying we would take finance for a car, which for many of us is a necessity not a luxury.
There are plenty of cars that will last a year well within the modest 2k mark
I know cause my dad has only ever had one new car which he paid for in full with no interest. 10k of finance for a new car as one of you has suggested is ludicrous so soon after getting out of debt I am sorry but it's a fact. You ended up bankrupt skippy, do you think your OR would have seen a brand new 10k car as modest and a necessity or a luxury because to me it's most definitely a luxury and yes you are putting yourself straight back into debt again and quite a bit of debt too
Can't help thinking that we are all adults here, and each have learnt many lessons during our IVA journey. What we choose to do when finishing is personal to each of us and any financial choices we make won't be entered into lightly.
