I have been given a car allowance of £400 per month, expecting to travel in excess of 10000miles\n\nis it better to buy or lease? if you can speak from experience great. \n\nany other insight would be great\n\nthank you
129555
Buying is virtually always best.  When you lease a car, not only will you have to pay the amount of depreciation, but also manufacturer profits and pay extra for normal wear and tear (which is, surprisingly, not covered in leases).  In addition, when the lease ends, you have nothing but a bill for wear and tear on the car.  When you buy, you at least have equity in the car if you don't own it outright.
555909
Any other current debts? Car/student loans? My guess would be between $60,000 - $70,000. It might be on the high end, but I like to live very comfortably. It also gives you the option of buying a new car if you don't already have one, or take a vacation.
503977
check this out I have £20.000 of debt then an £90.000 mortgage, a flat that is worth £115.000 if sold, no job and a car with half a tank of petrol and a boot full of tools oh and £0.25 cash, and to top the lot I used rapid restart on the jobseekers allowance after having two weeks work and have to wait 3 weeks to sign on then a further week for the money, hardley surviving on bits of cash paid work. Thanks a bunch Ben French. Would you be annoyed watching 12 years hard graft go down the swanny. 30 years old 35 years before retirement and the whole flat measures 17'x17' this diabolical and I earn good money when I can = £28000 to 35000 a year, so much for electricians.
616549
there is one question you have to answer, Is it putting money in your pocket or are you losing money every month? understand the difference of your liabilities and assets....if you dont have to fork out money at the end of every month to pay for the house then rent the house, if so, sell it.....
547416
Dude, this is religious area.\n\nFirst off, you should not buy such an expensive car right at this moment when your income is low. Also, you are doing a part time job, not a steady job. Car is a very important thing to have, so you should get one, but not that pricey. \n\nAlso, I doubt whether any loan company will give you any loan at that low income.
348231
1. Make a budget. I like to use an Excel spreadsheet for this, but you just need to know how much you are willing and able to spend per month including insurance, gas and maintenance (reserve at least $100 ea, $300 total for these per month - more for a gas guzzler or if you have a long commute).\n2.Make an appointment at a local bank or credit union to see how much of a loan you qualify for and see what the monthly payment will be.\n3.Do your research - check the internet for the best deals and reliability ratings, as well as insurance quotes.\n4.Contact the insurer of your choice. You will want to have your agent's name & number at the time of purchase.\n4.Find a reputable dealer. Check with your local better business bureau or get recommendations from a friend. Tell them exactly what you are looking for, but don't appear too eager. Tell them the budget you have set (minus the $300 for maintenance and insurance) and do NOT budge. I did this and it took a while but I stood firm and they finally found me something in my price range. Mine was $300/month, so this shouldn't have been hard, but they will try everything they can to get you to budge an extra $50/month. Stand your ground.\n5.Once you find the one you want, let them know the name and number of your agent. You will need to have insurance before you can drive it off the lot. At least where I live. They will deal with the plates and registration. This is included in the price.\n6.Now be sure to save $100/month for maintenance, even if you don't have any problems. Six months down the road you may have a $600 problem, so it all evens out. It shouuld include oil changes, etc.\n7.Get your oil changed every 5000 miles if it is a little older (before 2000). Every 10000 if it's a newer car. It's best to check your owner's manual for this. Do a 60,000 mile inspection, and get a tune-up once in a while and you'll be in great shape. I learned this the hard way. Maintenance is less costly than an emergency. \nGood luck!
350044
Honestly, you shouldn't get a car, becuase your rates will be ridiculous, if you can even get approved. I would work on saving money and getting a 900-1500$ car that will last a year or so, and during that time open a secured visa with a small limit to start establishing  a new, good history. Then in a year if you feel you are still on track, get a car then.
611355
Try Auto Trader or exchange and mart. But your not going to get a reliable car for that price. Your best of saving up by getting a part time job, or full time until you go to Uni. Don't whatever you do get one on loan or even worse Yes car credit. There charges are huge, if you look at small print. I got one from them 3 years ago for £5,000. Got told it was worth £3,500. Looked at small print and it worked out that I would pay in total over £10,000. So I took it back within the 7 days
551445
It would be best to wait until you lease your next car. Should have put lease in both your names.
427109
I would think that you could live comfortably on £500 or £600 a month if you are getting accomodation for free...weekly shopping for a small family probably about £100 a week...many people live on a lot less and have to pay for accommodation...
554230
Its totally up to the both of you mike,renting a place IS dead money,you are correct,its a fact--a mortgage though is a millstone around the neck--another fact,so really,you're fecked if you do,you're fecked if you dont,fecked if i know the answer to that one!!Then you have the patter of tiny feet to consider in the future,and everyone knows how costly those little feckers are...very!! Wish you all the best in whatever you decide mike,i know its not easy-decisions,decisions,decisions:-/
416270
I would defiantly not pay the car loan just because of the depreciation of vehicles. The $9500 that you use to pay the car is now $6500 or so. The money would only be worth what the car is worth. I would pay down the mortgage because its not like getting rid of the cash is in a line of credit so if you ever need it you can get it back. I always would try and keep as much liquid as possible.
25781
Nissan Altima is a nice, economical car.  Pick this one if price is your most important criteria.\n\nThe Maxima is zoomier, but still based on a basically cheap FWD platform.  Still, all in all it could be a reasonable compromise between the other two cars.  Nicer comforts than the Altima, but not really comparable to the LS.  The motor sounds wonderful in the Maxima at full song, so I could almost overlook the fact that it's FWD.  Almost.  In fairness, most people don't care about that though.\n\nThe Lincoln LS is a great car, vastly undervalued in my opinion.  It's the same chassis as the Jaguar S-Type.  If you get the V8 it's a bit quicker and more responsive than the Maxima; if you get the 6 the Maxima is faster.  Since I'm a RWD snob, I like the LS of the cars you mentioned, but hey, it's also the priciest.  It has the most prestige, I'd say, too.  So if image is most important to you, it's the best choice.\n\nLike all questions asking for advice on these cars, it depends far more on your personal passions than on anyone else's opinions.  I may be the smartest guy in the whole world (I'm not...just top ten) but it still doesn't matter what I think--you need to spend your money in a way that makes you glad you splurged on yourself everyday.  Anything less, and you'll hate the car.  Trust me.  Been there, done that.\n\nOn trannies, the Maxima and LS will suffer very badly with a manual trans when the time comes for resale.  (Does the LS still offer a manual?  I know it did when it came out, but I'm not so sure anymore.)  If you are leasing, and you are *SURE* you'll own it to lease end, this doesn't matter.  But for the type of cars you mention, I'd strongly suggest the automatic.\n\nGood luck!
240257
Most places base how much they'd offer on 3.5 or 3.75 times your joint income, or similar. So for that amount, borrowing around 110k, over 27k per year between the two of you.\n\nYour best bet is to talk to an independant financial advisor - I'd recommend London and Country, but there are other good ones. There's loads of info on all kinds of financial stuff, including mortgages, at the website:  www.moneysavingexpert.com\n\nGood luck (we get our keys tomorrow and it's just as stressful as you've heard...)
3087
You can make more money or spend less money.  Maybe spending less money is a more realistic option.\n\nTrack ALL your expenses for a couple of months, see where and how you are spending your money.\nMake a budget and make some tough cuts (like canceling your cell phone or cable tv or eliminating a daily cup of coffee from Starbucks).  You'll be amazed how much you can start saving for a new car when you make a budget and stick to it.\nDon't forget, when you get a car you will have to a pay for gasoline and insurance on top of the monthly car payment.
489567
£10 pounds a month!!  I suppose it was better than nothing, have you an agreement to how much he will pay you and when???\n\nPerhaps you might have wait another four months lets hope not..Some men need to face up to their responsibilities..
499246
Why would he sell his car without having another lined up -- and before asking you to borrow yours?  $250/month would get him a pretty decent car -- good enough to use for work.  Actually he could probably get an XB for close to that.  He will end up lowering the value of your car when he could have his own and pay the same amount.  I think it's a bad idea.