Best UK Loans

Archive for September, 2009

From a layman’s point of view its seems a bit pointless.

Pretty much everyone I know, without exception, who drives an old banger does so for one of two reasons:

1) They do not have sufficient cash for buy a new car and cannot afford to take on the added expense of a monthly payment on a car finance plan/loan.

2) They do not have sufficient cash to buy a new car and have a poor credit rating (CCJs, defaults or no history) which means they cannot obtain a finance plan/loan.

Hence the reason they have to make do with their battered old M Reg Fiesta etc.

OK so I understand that the Government will give you £2000 or whatever for your fiesta in exchange for buying a new car. BUT that still leaves £4,000 or however much to pay for the new one. Which leaves exactly the same problem – you either need the cash or you need a finance plan to pay the remainder.

Making it unaffordable for many and impossible for those with poor credit.

So who exactly is this scheme supposed to help? Other than the wealthy pensioner who’s hung onto his old Rover through sentimental reasons perhaps? Or someone who’s just come into a lot of cash after Granny died?

Or am I missing the point here? Because I can’t see how it will make any impact on the environment at all . . .
Plus, during a recession when many peoples’ jobs are insecure, encouraging people to get into debt to buy a new car is really irresponsible.
Sherlock – wow you’re full of snobbish judgements aren’t you?

Just out of interest, how do you know that people who are on low incomes or with poor credit are automatically "irreponsible" with their finances?

Has it not crossed your mind that there is a recession on and job loss and wage cuts have left many living on a reduced income and struggling financially? Probably not, that would take intelligence to work out . . .
Oh and if you couldn’t "afford" a new car before, knocking a couple of grand off the cost of a car which costs £15,000 isn’t going to make it any more "affordable" is it?

Sinple maths.

The only people who have used this scheme is those who were planning to replace their cars anyway.

The Government stands to gain on all new cars bought (are your surprised?) They’ve raked in millions in VAT alone.

Second had car dealers have fewer cars to sell

And the most absurd story I heard was some friends decided to scrap their car for a new one last summer. The car had 4 weeks MOT left. However to scrappage process takes about 8 weeks and the car must have an MOT at the time of scrapping. They had to spend £400 to get the car through its MOT in order to scrap it! How environmentally friendly is that?

Hi there, has anyone had problems with paying their student loan through their wages? i think too much might be coming out. is it 9%? and if you do overtime does more come out your wages?

Never had a problem with that..

Hello, can someone please advise me. I am going back to school for my postgraduate degree in september, 2009 and I hope to secure a career development loan to fund my studies. I shall be living with my partner and our daughter in the university . Would I be able to get any benefit like housing, e.t .c i hope to work like 2 days a week say 24hrs a week.My partner is heavy too and may not be able to work and she cant claim benefits because of her nationality and stay in UK

I think you can yes
Can your partner claim disability benefits or can you as her carer