Financing car at 18 Watch
I need a fairly decent car for the job as sometimes there can be a fair bit of driving which is a good reason to get a new car as mine is on its last legs, I also am told I need a good but not too good car for the job as it has to have the correct image on the company.
I'm sure my Dad would be a guarantor as one of these, or 10 of these for that matter, wouldn't even dent him financially, also it's difficult to get into the stage where I wouldn't have a job to pay for it as at the end of the day im working for my Dad....
Is this a good idea? What kind of length would you go for on the finance? What would you think are good monthly payments for my wage etc.
P.S. I am aware of the financial costs of running a car before people mention this, the car I am looking at is around half the price on insurance of my current car for example!
As for your questions, your wage (is that £1k before or after tax?) is largely immaterial, it's more how much cash you actually have left over once rent, bills, etc are gone, so much is that?
That wage was after tax.
Also I have no major bills at the moment, the only one I have is paying my family rent, again to be shown the value of money and a phone contract. (£150) per month.
So all in all I have around £850 free to spend what I want on per month if that helps.