IVA and New Car ?

[Pennyless]

My wife and I both drive 10 yr old cars so I speak from experience when I say that they are a false economy, however, unfortunately it will be a few years before we can afford anything other. This year we have spent in the region of £800- £1000 alone just to keep them on the road and this money has to come out of housekeeping etc but what else can you do?

That said at least we can console ourselves with the fact that the cars are bought & paid for......so every cloud I suppose.

[Broke of London]

Hi Pennyless, I had quite heated exchanges with both my case admin and the credit controller about the false economy of an extreme old car with so many miles on the clock. I didn't actually want to pursue expensive options such as leasing or HP...just wanted to borrow another £500-£1000 from my dad and factor this into my expenditure for a year. Luckily a payrise is coming along so I may be able to spend a little extra. Fingers crossed I'm lucky...one careful lady owner etc...

[mitchymoo]

Hi guys just to let u know ford mondeo r very reliable cars we had one which was 9 years old we sold it early this year to cut down on cost having 2 cars, We never spent a penny on it in 3 years apart from mot etc, only had 65000 miles on clock very good car, dont just look at age, look at miles, service history n MAJOR always reseach the model on WHAT CAR before buying to check year n model for faults..... certain cars are no no's if on tight budget!! FORD KA are known for being on of the best small reliable cars thats why they sell well!! Good luck!!! xx