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Car on finance good idea, get another used car or repair old car? Watch

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    Hi

    Sorry for the long story but anyways.....

    Got my licence and car last year. Spent £1150 on a Fiat Grande Punto 1.2 then a further £300 (excluding service & MOT) but last week it started popping out of 2nd gear and so just jumped from 1st to 3rd while I waited for a used unit to arrive. Now because I was overreving in 1st to gain speed to jump into 3rd my engine began misfiring at low revs and mechanic changed everything from ignition coil , spark plugs .etc to no avail. So all new parts were returned as mechanic just suggested new engine ranging from 75-200 quid plus £200 fitting. Gearbox £150+70 labour

    Now is it worth it to get it repaired, get a £500 car and raise money for somthin new or get used car on finance that has warranty just to have peace of mind. However I got a default (cleared last year), plus constant change of address when I move to uni affects my credit history. I work part times @ £190 per week with rent covered by my loan each semester.

    Need a run around to get me to work mainly.

    Whats your advice?
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    If you only need a run-around to get to work, I'd go for the middle option of a reliable 'banger' just to get to work. I don't think it's worth getting finance out for a car just to take you to and from work.
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    Yeah, get something known to be cheap and reliable like a Micra or Yaris with a full year's MOT, and start putting money away (if you can) to pick up something nicer once you've graduated uni. Your street cred will have to take a hit until you can afford something better!
 
 
 
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