I've decided yeah I still want the car but for the mean time I'm going to go for a 2001 Mercedes SLK200 and run that untill I have saved up the money for the car I want, the car I will get ill pay straight up, insurance monthly, and all my spear money I'll just put away and save up for the car of my dreams,

The truth is I don't want it to show off, I just like SLKs but I like Diesel engines over petrol also witch ticked it even more, read the specs and just fell in love more and more, so I'd be paying a loan for something I want myself not something I want other people to want to see me in...

But yeah I have decided you guys are right, so I'm going to save up and up and up until I can buy it straight off.. And truth is I'd spend 50k on a car if the deal was right, but untill I have that amount of money I'll just have to wait and go with the second best,

Also I actually don't have much of a social life because I choose to work over then spend time with friends, and soon hopefully start weekend work so I'll be on £250-£300 a week witch would build up pretty fast

JayDKirk said:

I've decided yeah I still want the car but for the mean time I'm going to go for a 2001 Mercedes SLK200 and run that untill I have saved up the money for the car I want, the car I will get ill pay straight up,

But yeah I have decided you guys are right, so I'm going to save up and up and up until I can buy it straight off.. And truth is I'd spend 50k on a car if the deal was right, but untill I have that amount of money I'll just have to wait and go with the second best,

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Don't be completely put off by the idea of finance millions of people have cars on finance, just be aware as it stands you really don't earn enough to be looking at a £18k car and even if you save £250 a month it would still take you 6 years to save that sort of money, their is also nothing wrong with wanting a nice car but again you have to look within your means and spending half your wages on a loan without thinking about the future is short sighted.

At 19 you have plenty of time for fancy cars, far better to enjoy your self now than when you are tied down in the future with bills, maybe relationships, kids and all the stuff that goes with getting older, my first car was a real heap of crap but I still have some very fond memories, non of which would be better from having a flashy car.

When I was 18 I really wanted a new car (on finance) just 2 years later I bought my first flat and signed up to a mortgage which I couldn't have done with car repayments, and even then I was still earning more than you are now. Who knows what's coming for sure? so be patient and your time will come.... And tell your family business to pay you more/fairly cause 10k is only just scraping a £5iver an hour

AndyRKett said:

Don't be completely put off by the idea of finance millions of people have cars on finance, just be aware as it stands you really don't earn enough to be looking at a £18k car and even if you save £250 a month it would still take you 6 years to save that sort of money, their is also nothing wrong with wanting a nice car but again you have to look within your means and spending half your wages on a loan without thinking about the future is short sighted.

At 19 you have plenty of time for fancy cars, far better to enjoy your self now than when you are tied down in the future with bills, maybe relationships, kids and all the stuff that goes with getting older, my first car was a real heap of crap but I still have some very fond memories, non of which would be better from having a flashy car.

When I was 18 I really wanted a new car (on finance) just 2 years later I bought my first flat and signed up to a mortgage which I couldn't have done with car repayments, and even then I was still earning more than you are now. Who knows what's coming for sure? so be patient and your time will come.... And tell your family business to pay you more/fairly cause 10k is only just scraping a £5iver an hour

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Well pretty much I was kicked out my mums house due to I didn't get along with his fella, so was sofa surfing for about 3 months struging to pay my insurance ect so I was always out nearly 24/7 rides for cash using my car to make just enough to cover it and other diect debits, never had anything to spend on myself then 3 months later my dad called me up saying there's a job going at his place and that it'll include a house with all the bills paid but I'd be paid just enough to live one witch in all fairness he did me a massive favour, so I earn 10k with housing as a bonus obviously I took the offer like anyone would in my shoes and I moved 150miles away from where I lived and where all my friends and family lived just for a career, I had jobs where I used to live but it was all agency now it's permanent with a regular income and I still see my family 2s a month if I can so it does top my miles up,

But that's the hole reason I only earn 10k a year but going from nothing to what I have now is a massive life changer to me,

I can safely say no bank on the planet will loan you that amount on your income despite your overheads or lack there off.

Credit rating is a big piece of the puzzle but it's one of many factors they consider.

Personally id be investing in increasing my earning potential before getting so heavily in debt!

I spent about that amount on uni when I was younger, luckily avoided debt.
I didn't pass, so its alot of cash gone.

Now I look at it and thing if i could have saved that cash it would be a bloody good deposit on a house.

I made around 10K a year after tax.

If you must have a 20k car.
maybe ask your parents to lease you one, especially when it sounds like its going to be used for their business

http://www.nationwidevehiclecontracts.co.uk/BMW_3_Series_Saloon_F30-318d_M_Sport_Step_Auto_[Business_Media]-48168.htm

probabily cost as much as your loan plan, just can quit after 3 years if your life changes.

or you get another new car for just as much
http://www.autotrader.co.uk/classified/advert/201503211939695



And the most wise one.

business can claim depreciation on assets, effectively making stuff cost alot less
https://www.gov.uk/capital-allowances/overview

just buy a battered old van, chicks love battered old vans

dave said:

just buy a battered old van, chicks love battered old vans

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Everyone loves battered old vans. Get an LHD french one for giggles. Very entertaining but confusing as hell.