Car Loan 4 U

[kallis3]

Great news!!! Enjoy your driving!!!

[luluj]

Can't wait to hear about your new car !

[Shining]

Enjoy your car and hoepfully carloan4u can continue to help others.

I'd love a new car but know I can't for now! x

[Pennyless]

KayKay first of all well done on completing your IVA. You deserve the new car and looking at the deal it seems you have done well with getting finance at that rate.

Must say I would of expected a higher interest rate but well done to CarLoans4u for sorting the finance out. Personally I think there will be a lot of ex IVA customers that would use their service and I would imagine CL4U have seen an ideal lending opportunity, after all to maintain a 5/6 year IVA stringent budget, the borrower has shown a lot of money discipline and will be well aware of how to avoid getting into uncontrollable debt a second time.

Enjoy your car!

[craigiewicked1]

please look at what you are doing, you are £900 per month better off yes, so just save for for 5 months and go buy a car out right, why jump straight back into debt with a shark like company who will rip you off, come on guys have you not learned anything

[luluj]

craigiewicked1 - kaykay has made the right decision for her. For some people a reliable car is essential to undertake their work and sometimes it is necessary to consider a loan to ensure this happens.
It appears the firm she has chosen to use is not a "shark like company" - they come with alot of recommendations and are no worse than some high street banks offering bank loans to people !
£900 a month better is alot of money - so is £700 a month and as KayKay has said she is still able to save and manage her money !
KayKay - I hope you have had a great day in your new car ! enjoy it !

[KAYKAY]

please look at what you are doing, you are £900 per month better off yes, so just save for for 5 months and go buy a car out right, why jump straight back into debt with a shark like company who will rip you off, come on guys have you not learned anything

I fully understand your point of view, and in no way seek to deter you from such, however....

I could have, has you say, saved for 8 months to fund the car cash, but reallistically this would have taken a lot longer, as at the same time I would be forking out for repairs to put the existing car right, ie... new exhaust system, new tyres, new brake pipes. On top of this, this is a car that drinks fuel, thus being unconomical. At the end of the day, wouldn't this be like throwing money down the drain, if some months later I got a new car with the money saved.

We all prioritise differently in our lives, after all it wouldn't pay to be all the same. I need a reliable car, and don't want to be worrying everytime I set off to another area of the country, as to whether the car will make it.

I have not rushed into this decision, a lot of thought has gone into this, and of course, I have waited until all my defaluts and IVA have fallen off my credit score, to enable me to get the best deal available for someone in my position.

[KAYKAY]

luluj..... I have had a wonderful in my new car thank you. Picked it up this morning as planned and done a couple of journeys in it today. It is unbelivable, and so different from what I am used to driving. There are several extras included, such as Satellite navigation, cruise control, Ipod adapter, the list goes on and on and I love it. I have a couple of more days to get used to it, before I head to the NEC for the weekend. The boot space is phenomenal, which will be just the ticket for all the stuff we need to take with us.
Thank you for asking.

[Foggy]

Great to hear you are pleased with the car Kaykay. Long may you enjoy it :0)

[plasticdaft]

I am sooooo jealous Kaykay!!!

I will be doing the same as you and trying to get a newer car as soon as my insolvency ends.

Paul

[Skippy]

Glad you're enjoying the new car KayKay!

In reply to craigiewicked1, in an ideal world we would all save the money and buy a car cash but it's not always that easy. KayKay needs a reliable car now, not 5 or 6 months down the line. I would do the same in her shoes as a reliable car to me is essential.

[kallis3]

Excellent news Kaykay and so glad you are enjoying the new car

Craigiewicked - I agree with Skippy. We would all love to save for a new car but it's not always possible.

As long as she sensible with the credit then no problem.

[kazzafunk]

Craigwicked1 - bit of a mean comment that! Kaykay has not gone and bought a wardrobe of clothes or going to Barbados! If it were us, we would have to buy like kaykay, we live in a remote area with no public transport (yes I know that's our choice) but a car is an essential for a lot of people.
We shouldn't judge on here. Whilst I appreciate your point, and I will never have a credit card again, in this instance it was a bit harsh.

[phil732]

I am also desperate for a newer car but I am terrified of credit the whole thing scares me to death, but I really admire you KayKay and I really hope you enjoy car it sounds fantastic Im so jealous. I,m taking a different route decided to save what I was paying into my iva each month and then buy a newer car early next year.

[Foggy]

Must admit my plan was (is ) the same as Phil's. But I, too, depend on my car which is currently 10 years old, and will be going on 14 at the end of my IVA. At the moent, touch wood, it's going reasonably well, so I hope it will give me enough time to save for a replacement, but, if it gives up the ghost I will be knocking on CarLoans4U's door!

There does come a point when keeping a car going becomes uneconomical and the money better spent on a replacement.