Is Financing Your First Car a Good Idea?

Financing your first car or any car for that matter is a controversial subject among many petrolheads and car enthusiasts. These days to the general public financing a car is pretty much the main way to buy a car, but to those in the enthusiast crowd it can seem overly expensive and pointless.
Check out these articles for more in-depth information on car finance; www.moneyadvic...
www.whatcar.co...
Make sure to chat with a financial adviser before picking up any sort of loan/finance!
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[@z1lla4]

Saving money for a car kind of sucks. I just want something to drive but I'm so hesitant now because everyone either says it's the worst idea ever and others say that it's not. It's very disappointing especially when people brag about paying their car off in full.

[@adammg97]

Financing a car is fine, but the one thing i can't stand about it is the way people act about it. To give it some context... take me for an example, I currently drive around in a 2009 Twingo GT. It's not the quickest, or the newest, or whatever...but it's mine - I own it, and it's my first car. Im proud of it, and i leave it at that. and what i simply cannot stand is when you get that *one dickhead* who drives around in his brand new Audi A1 acting like a baller, telling me how much more successful he is than me because he has a newer car, when in reality he doesn't own it, never will, he's broke as a joke because of the finance package he's on (on top of every other thing he's got on finance too)... Finance is cool if you're a decent person...but the amount of people i see who drive around like they fucking own the place... sitting in cars they have no place being in.. just pisses me off 😂 Sorry just had to get that off my chest 😅

[@adamroose2028]

really pisses me off

[@yusufgta4341]

Same here. I drive a 2009 Ford Crown Victoria p71 and it does 0 to 60 mph in 7.9 seconds and tops out at 130mph, definitely not the quickest. Its top speed is limited to 130mph because of the rear axle ratio. Besides its a fleet sedan. I'm paying 500$ per year full coverage. It uses a 4.6L V8 250bhp and 4 speed automatic with RWD. Its fun to drive.

[@yusufgta4341]

I'm saving up for a 2013 Shelby GT500 tho which is 55k. It comes out of the factory with a 5.8L supercharged V8 662bhp 631 foot torque 6 speed manual. It does 0 to 60 in 3.4 seconds and top speed is 202mph.

[@ScottPC]

* looks at my profile picture *

[@biggranny000]

Yea exactly, wealth isn't measured by what you have, instead, what you save and invest.

[@BWTV]

I think for your first car you should get something cheap that you can have some fun in, pull a few handbrake turns and j-turns in Tesco carpark, without worrying if your 15k 1 litre fiesta ecoboost is gonna get damaged 😂

[@taz874]

agreed frist car best to avoid finance mainly due to the damage. with my first car i got quite a few scrapes on it in the first few months would of hated it if i was paying it off.

[@yusufgta4341]

Nice car btw!!! Newer american Ford police cars use V6 Twin turbo Ecoboosts. Ford Taurus interceptor uses a 3.5L V6 365bhp twin turbo ecoboost with 6 speed automatic. Anyways, my car I own now is a 2009 Ford Crown Victoria p71 which I brought for 950$ and I'm paying 500$ per year full coverage. It used a 4.6L V8 250bhp 4 speed automatic.

[@charliewiltermood2879]

I disagree my first car is going to be a MINI Hatch Cooper S on finance because my dad is doing it for me!

[@leonbumdiacey6731]

Charlie Wiltermood lol just think about that mate I really wouldn't do that

[@thomasscheffrahn7607]

15k first car? my first car has a budget of 1500 lmao

[@M1.942]

If I got a pound for every time someone said “ I bet their proper rich “ when someone drives past at 20 yrs old in a Mercedes a class and am just thinking FINANCE

[@Southside1804]

Love these videos , finally a channel which looks at things from a young point of view instead of older people saying things are cheap when to a teen it's everything

[@Tekanova]

I finance my current car, which is my first car. It's a 2013 plate Seat Ibiza. It's on a HP payment plan, and costs me £130 a month. The dealership kept trying to sell me newer cars that were much more pricey. I'm really happy with what I got. I love my car, and the package I pay for is actually pretty good, imo.

[@spookyghost7524]

thats a pretty good deal for a 13 ibiza i would heve been thinking around the £200 mark

[@taz874]

for a 13 plate that seems quite cheap. great deal you got there how long is your payment plan and what deposit

[@ozzzz1994]

what was your insurance?

[@harriehealey7285]

I have a 13 plate Seat Ibiza FR and I pay only £120 for it a month and insurance is only £1400😂👌

[@Trihawk7]

@@ozzzz1994 bit late but I got a 1.4TSI FR 20yo 1 NCD for £1277 insurance which is cheap af when a ST was £2500

[@domjay7856]

Got my theory test on Thursday😬 wish me luck lads

[@adamroose2028]

good luck

[@isengard1500]

Good luck

[@markashd2680]

Dom Jay good luck!!

[@connorali8360]

Dom Jay good luck mate

[@user-ly2cm6zk5l]

Good luck. mine is friday wish me luck too m8

[@zaink7037]

I wouldn't finance a car. At first it feels good but after several months you will start to not like a portion of your money going out your account. Most young people finance as they are able to get a car not that old and show it off to friends

[@JustinLT212]

Thanks for the advice mate 👏🏼

[@TevDaSkel]

I’m sure nobody likes seeing their money go but that would happen if you bought in cash anyway for a car that you don’t fully know of that may break down in a year. If you finance atleast you have peace of mind

[@lx7825]

Not all of your viewers are lads! 😉 have my test next Wednesday. Wish me luck.

[@ladlad5463]

Laura Xo good luck gurl

[@lx7825]

Thank you both! 🙈

[@spookyghost7524]

yea hes just doing the intro from his earlier vids anyway good luck

[@lx7825]

Thanks, I was only joking about the lads bit 😉

[@daniel_eizoku]

Laura Xo he used to say hello lads and girls for a change but people moaned about it even the girls so lol

[@catling399]

Get something cheap, i bought my first car for 3k and backed it in to a post within 2hrs lol

[@t.tthegreat6319]

Andrew Catling hence why I'm not interest in getting a brand new or close to brand new car or anything over £1,200 for my first car.

[@littlepiggydogonig1415]

I spent 1800 on mine and within a month of having it I've fucked up the bodywork 4 times. Probably won't get a nice car until I'm 25 and insurance is cheaper (2 years)

[@BlondyyAckerman]

littlepiggydog on IG bad drivers lol

[@tankthepitbull520]

Financing a car is a bad investment you are shelling out money on a depreciating item which you don't even own.

[@TruScottishGuy]

So getting a mortgage is a waste of time then.

[@tankthepitbull520]

TruScottishGuy a house retains its value and can appreciate also with a mortgage you will eventually own the house

[@TruScottishGuy]

@@tankthepitbull520 Some houses and some cars retain their value.

[@ALoulie]

Financing through dealership should never be used, much much much cheaper and easier to just sort out a bank loan if you have to. Obviously buying outright is best.

[@TakeCareRihanna]

Great video! Helped me decide to just save up and get a car for around £2000 (with a black box). I have a nice stable 9-5 job, but don't earn that much at the moment since i'm only a Junior, so financing would definitely not be a wise decision xD

[@matthewturner9735]

Answer - NEVER finance your first car.

[@E92TilInfinity]

how is it a limited edition corsa when every fucker has one?

[@Paynos]

That's like asking for the meaning of life, I'm not sure we'll ever know.

[@Alexnikpo]

As always you've made some great points here, but what I see people doing is getting a new car when they're at the dealer they get talked into something better, than they end up spending all their money on insurance and the car and at the end the car loses most of its value and they end up selling it for nothing. Then the people who learned get a second-hand low mileage car and the ones who haven't end up repeating what they've done the first time. IMO it's better to get a cheap second-hand hatchback like a Seat Ibiza, VW Golf or Polo, Audi A3 , Honda Civic or Jazz, not much fun but finacially sensible.

[@exoticccucumber8587]

I bought my first car as finance, it is a pegeout 208 2016 and I currently pay £115 a month for 4 years. I wanted to finance to 4 years because I chose a 2016 car because I want to keep the car for many years

[@spanishmontana6121]

Shitty Peugeot

[@Pining_for_the_fjords]

The camera is constantly refocusing if you watch the leaves in the background, really distracting.

[@Juice-jx1pr]

if you can save your money and buy a car straight is always better.

[@Tekanova]

Juice 423 Not always. You can get cracking deals by financing, and a fair amount of benefits if anything were to happen to the car.

[@taz874]

depends. i mean for example those people that lease they usually want a new car every 2/3 years so for them it works out since there not paying the full price of the car for those 2/3 years of driving it.

[@davey4808]

You can get a lot better deal for chash

[@CommonG]

JUST PASSED MY TEST IM HYPED! (Good vid, this has no idea to do with the vid 😂)

[@______--_]

Yofresh good job buddy! Passed mine a week ago :D

[@CommonG]

+Phil Drill congrats bro!!!

[@thecurlyturd9772]

Yofresh Passed mine on the 10th! Pass squad.

[@TheShinyShow]

Damn it took you 10 attempts? ;) Kidding, well done!

[@Irishtradchannel]

Well done, as long as you close the deal, doesn't matter how long it took.

[@unknown8630]

This is the guy who made me pass my driving test so well done to you!!

[@Serpher1]

I'm thinking about putting my money into a separate account for my first car, Ibiza IV. I think it's worth it. At first I wanted Ibiza III, but I just can't stand that non-ergonomic driving wheel, I got so used to it while driving on my course.

[@lavayuki]

My first car costed about £13000 and I paid the full amount upfront. Not a huge fan of loans due the interest rates and the fact that you end up paying more at the end, but I can see it would make more sense for more expensive cars where paying upfront is a lot

[@kingsaf90]

I'm about to buy a 2016 3 series bmw for about 12k as my first car did you have an issues having an expensive car as your first? hopefully picking it up this weekend

[@lavayuki]

@@kingsaf90 My first car was a 4 yr old Toyota and no issues even after 10 years. My brother got a 3 year old BMW as his first car, and my parents had a few BMW and they always had tons of issues and breakdowns, engine issues after only 2-3 years. BMW looks nice but the reliability is very poor, and my brothers hardly has ay mileage and he at to change the battery twice in 6 years

[@TheShinyShow]

Nice video. I would definitely buy outright, but I never take finance on anything at all so that may just be me. How has your Ibiza held up since you've had it? A lot of issues and/or breakdowns, or just wear and tear. I wouldn't mind a video covering stuff that can go wrong. I'm buying used soon and want to avoid issues as much as possible!

[@howdlej123]

I personally think PCP offers the most flexibility as it offers you a chance to part exchange for another car allowing you upgrade, if you're into, that semi-regularly like a phone contract. My personal take is that new drivers shouldn't buy a NEW car on finance and stay away from like-new but I think financing a used but not ancient car is reasonable to spread the cost about and allow you to get something that isn't literally a pile of rusty wank. Most 'petrol head' arguments are easily countered the only argument that truely sticks is what you said at the start, don't go looking to finance something that is ideally above like 20% of your wage per month assuming you have no other major finances to pay for like rent etc. I stick to about 15% of my wage which is more than enough to get a decent used, low mileage car on PCP that's only a few years old. Obviously check the history of the car but I find it safer than buying an ancient used car from some bloke on gumtree, auto-trader or ebay especially when you don't have the time, equipment or knowledge to ensure its going to run well after you buy it.

[@rafiulhaque8064]

I bought all the cars I own outright so modding than can be easier without hassle

[@adventuresofkimani]

Okay..heres my problem. I wanna finance a car thats around $4,000. I’m willing to save up $2,000 to make a good down payment. With good credit the estimated car note was around $56.78?? Now is my situation particularly different or is it better to just buy a car?

[@AEllis]

If I didnt do it would be able to save a lot more but pros and cons to everything good vid 🙏🏽

[@nathangreen6286]

AEllis didn’t expect to see you here 😂

[@GTRMITCH]

See i was thinking getting a part bank loan the fund the rest if my car, 1. You'll have a good credit rating after and 2. Its only 300 a month it would leave me roughly 1000 to 800 a month

[@omar1263]

I was told not to do this did u do it ?

[@Ghostzy01]

Let's face it, financing is inevitable, nobody is paying 4-5K+ out of their pocket and if you do then, it's pretty stupid. Your car is the 2nd most expensive thing you'll buy apart from your mortgage (if you don't have a banger all your life) and it helps a whole lot with your credit rating done right. You either start with a shit car/death trap for £600 and have it until you're sick of it or it dies and then start financing or start financing from the beginning. If you rent/lease or are in a contract where you don't own the car, you might as well be burning your money. You're getting absolutely taken advantage of. The best thing you can do is take out a loan to buy the car outright then pay the loan as you would with car payments. No strings attached, lowest interest rate, pay back whenever you want, however often you want (as long as it's once a month) and pay as much as you want (as long as you're paying the minimum payment) and you want make sure you can clear the minimum payment by a lot if you can but say a months tight you know you aren't in trouble. Also, worst comes to worst you loose your job, or something. You own the car and you can sell the car and if you got something half decent it'll hold its value meaning you can clear the loan and have your money back minus the interest and value drop. Doing it this way means the car is like a bank on wheels and the money you work hard for is in the car, once you sell it you will get all of the money it's worth minus interest and value drop of the car (which shouldn't be a massive amount). You can put that money towards your next car and pay less interest on your upgrade because you've proven yourself with a credit rating as well. Once you come to the end of any other form of buying a car, you have absolutely nothing, to show for it and you are back at square one.

[@Eubeobdh]

WassellThatAbout jeeeees you know your stuff thanks for the in depth information 👍

[@CodersGuide]

WassellThatAbout financing is inevitable? Wouldn't say so. I'll personally never finance a car since you're always paying more long term. The best option is always just to save first, and then buy. Especially at 17 with no credit. I saved up from about 14/15 and bought a 2014 Polo for £7k. Now I don't have to worry about job stability or anything either.

[@Ghostzy01]

Neil Rowe Yeah saving first, so you have hardly any money for 12 months of don't save that much and it takes you over a year to get an average car. Buying cars outright isn't the best way to do it, and is not practical if you're buying anything worth mentioning. You best get saving for the BMW or Merc you want when you upgrade, you might be 40-50 by the time you get it though.

[@Ghostzy01]

Neil Rowe also good luck getting a mortgage because you won't

[@AaronTheManCityKid]

WassellThatAbout You think you have a clue, but you really don't

[@liampunkdaft]

Always take the GAP insurance, just so you don't leave yourself in the shit when you write it off. Fully comp insurance doesn't pay the cost of the remaining finance just the value of the car at the time of accident.

[@S1lverArr0w]

Just buy an old benz (The ones that actually count). They'll last you a good 30 years if you keep it in good condition

[@Slenderman63323]

fuck no, complete money pit pieces of shit cars

[@97MRALIG]

Prefer owning a car outright to be honest. I like having full ownership of a car

[@denis7738]

97MRALIG well everyone does but sometimes it can’t be an option

[@bmorris5863]

DenisErchov yes it is ...get a cheaper car..

[@1wayDrell]

urethra wanklin not everyone wants to drive a shit box buddy...

[@eugenechelseafc89]

@@bmorris5863 yep, get a cheaper car which you'll be spending thousands on it for repairs because you commute about 50 miles to work and back on daily basis.

[@bmorris5863]

@@eugenechelseafc89 not a shit box just a cheap reliable car.

[@MXRoss34]

When I passed my test, I got a Vauxhall Corsa Limited Edition on finance. It was great it was the car I wanted, Now I've been driving for over a year now, I want to change, Now I've been driving for a while, I want a Car with more bhp, higher litre, a bigger car, A3 basically. Pretty much I'm stuck with my Corsa for 3 years, So I'd say no. Because now Im stuck although I want a better car. Also you can't do what you want to the car except a custom plate.

[@yusufgta4341]

I own a 2009 Ford Crown Victoria P71 and it got it under 2000$ and I'm paying 500$ in full coverage insurance. My first car was a 1996 Chevy Impala SS and I loved it because it had a 5.7L V8 LT1 corvette engine with 260bhp and it did 156mph stock. Im saving up for a 2013 Shelby GT500 which is 55,000$.

[@tjh96213]

Same boat, I got a Seat Ibiza Fr 5dr, wish I had a look around but wasn’t patient enough and rushed into it, but I plan on keeping my car after the 5 year mark and doing some mods to it

[@markashd2680]

It's nothing to do with my pride but I don't like the idea of financing a car 😂

[@emmadavies7787]

MarkasHD can I ask why?

[@jahir4039]

Emma Davies having that thought of debt running in the back of my mind.

[@emmadavies7787]

I agree, the thought of being tied down to paying for a car for the next five years of my life isn't a nice one.

[@jahir4039]

Emma Davies Yeah, I brought a car about 6 months ago and already feeling the need of changing it 😂 it may be because I'm a petrol head and want more power but financing a car for a couple years can be a big decision as a lot can change over time.

[@emmadavies7787]

Jahir i agree, as you said, anything can happen in that amount of time, and I can be quite indescicive even though I'm not a petrolhead in any way, shape or form 😁😂 the car I have now, works and it's quite fun to drive, but it's a 2002 Peugeot 106 and I often find myself craving a car that has power steering, central locking, AC and a radio that works. I also would really like some cup holders 😂😂 but I'm probably just being picky and should be grateful to have a car that works 😁

[@OwenSimpsonUK]

I will never finance a car, I like to own my cars, not pay for it for 4 years without it being mine. You just have to laugh at these people that try and flex on you in their newer car when you just know it's on finance, I'd rather save up for a car and it be mine where nobody can take it away from me. Also makes it easier if you have an accident.

[@familypedro8]

Thanks for the advice man! This really helps.

[@alexissantoyo1278]

I don't have credit and I'm 18 and nobody wants to finance me a car

[@rahath0562]

Alexis Santoyo There are a few ways to bump your credit rating which will eventually allow you to get a finance on a car. 1) take a phone contract out in your name. Make sure you can pay the monthly bill. 2) if you have a car, try paying your insurance monthly rather than all in one. 3) *Very risky for a young person..usually*. Try get a credit card from your bank. Speaking from experience that has helped me out a lot. I'm 20, work part time 12 hours a week (pick up the occasional overtime to pay my way) have a phone contract in my name, insurance on my car is being paid for monthly and also own a credit card. Credit cards are very good in helping build ur credit score however you must ensure you can pay off the minimum amount every month. I've had it now for a year. Only used it to pay for fuel. Every time I topped up the car, I'd pay using my credit card (knowing that I've got enough money in my debit account to pay off the amount on the credit card) then a couple days later, paid off the remaining amount on the credit card. Helped me boost my score. Have also got my dads car on finance under my name. Helped me out a lot. Hope this helped you and others out too.

[@Weeflowerofscotland]

I’m not a lad but hello 😁 thanks for this. I’m looking at finance right now. Good tips 👍

[@taz874]

personally i dont mind finance aslong as your in a stable job and can easily afford the monthy payments like as you said dont go get a £400 payment if your only earning £1,000. although tbh i would avoid financing your first car mainly due to the fact that lets be honest alot of new drivers may end up messing up their car abit whether its getting a few scrapes on it or a dent or burning out the clutch etc. atleast then you dont need to worry if you own it outright. once your more confident with driving then yh sure finance a car.

[@ollierichards2370]

the council cant tow your car for unpaid parking tickets if it`s leased or hire puchase i found out from my experience

[@seanek9]

Car prices (even of complete shit boxes) are now inflated because of how ubiquitous finance is. If you are a saver though there is good news! All you need to do is wait for the next downturn in the cycle. I remember all the cool cars you could get in 2009-2011 for absolute pittance when people who had taken on finance became desperate. When you see a 19 year old driving a A45 amg just remember he’s taking on all the depreciation for people like us down the line who can then enjoy relatively free motoring. M140is are predicted to be worth under 10K in two years time! Financing a car is never a sensible thing to do but just remember it does benefit you as a cash buyer by creating a large supply of cheap cars later down the line.

[@juk2023]

just bought my first car fiat punto for £1000 amazing run around first car. Looking to buy a new car in 2 years not sure yet if i'll finance it or buy straight out but im saving up for it already lol!

[@Eva-qw1in]

Judith Kent where did you find car for that prices? Help

[@KRATOS97]

I'd say lease instead, get a car you actually want to drive and when you get bored or want a new model. Say you're done and get a new one. Cons: Don't exceed the given mileage

[@JuanLopez-zg1ld]

What if it’s my first time financing a car I’ve owned cars before 🧐

[@scottsvaletingservices6949]

I recently got my first proper car.. a Vauxhall Astra on hire purchase.. HP for short.. and I agree when your saying about setting a monthly budget that suits. I make roughly 1700 per month with both of my jobs. Yet my car is only £88.80 per month. Insurance included it's well under £150 per month. Now granted.. the car was only £3600 to buy. Over the 4 years I have it.. it'll cost me roughly 5k. But I only pay the stated monthly cost until the car is fully paid up and i then own the car. I know I can afford the payments no problem. And that's even if I was to loose or quit one of my jobs. Good videos btw.. keep up the good work 🤙

[@yusufgta4341]

Nice!!! My first car was a 1996 Chevy Impala SS which had a 5.7L V8 LT1 corvette engine with 260bhp 4 speed automatic and did 157mph stock. I was paying 500$ yearly in insurance. Now, I drive a 2009 Ford Crown Victoria P71 which uses a 4.6L V8 250bhp 4 speed automatic transmission. I'm paying 500$ per year full coverage and I brought it for 950$ at a auction. I'm saving up for a 2013 Shelby GT500 which uses a 5.8L supercharged with 662bhp 631lb-ft 6 speed manual and does 0 to 60 in 3.5 seconds with top speed 202mph. It comes with all of this out a factory too.

[@subo__xav]

nice e92!

[@ReggaeRomi]

@@yusufgta4341 I was thinking 5.7L in the UK?? Before realising you’re American

[@yusufgta4341]

@@ReggaeRomi I'm in Virginia US:) we still have 5.7L V8 police cars as well and 3.6L V6 twin turbo EcoBoost police cars now pushing 355-400hp

[@ReggaeRomi]

@@yusufgta4341 I need to visit America!! Cars sound amazing

[@Juice-jx1pr]

I will also recommend paying more than what the payment is for example with the payment is $400 a month pay $600 a month.

[@taz874]

thats not a bad suggestion you can pay the car of sooner if you chip in a little bit extra

[@emmadavies7787]

Recently I've been considering this, so it felt like such a coincidence to see this video :)

[@spookyghost7524]

thats fine but dont make it your plan a because when financing a car you end up paying for additional crap that you dont want or need and they really put the hard sell on with some of the stuff example carpet protection or gap insurance have someone with you when or if you go through with it

[@emmadavies7787]

John W2008 yes I agree, I would never do anything without having my dad or someone I trust there with me. I also work in a car dealership so I think I'll be okay with seeing through the crap they put in front of me. They really are crafty especially with Apr rates and stuff. I will be sure to be extra careful and to be honest I'm not too keen on the idea now, I think I might just save up instead :) thanks

[@raheem_._681]

I have my uni maintenance loan. Worth spending it on HP car finance. I know I’m gonna have to pay it off in the future

[@nexra]

howd this go

[@seanharrison7181]

I bought a 2010 Mazda 2 and it only cost me £1300 to insure it. It's pretty nippy too

[@ollyt9865]

Damn, my finance is for 5 years. 180 a month. Currently earning 1000. Plan to hopefully pay it off in 3 years

[@irGuilty]

Did you pay it off?

[@ollyt9865]

@@irGuilty lol this was 3 years ago. Yes mate. Gave car back and paid outstanding balance which was 500 or so. Wised up and got a better job and cheaper car. So long as it gets you from A to B

[@deaney9689]

hi mate, I'm 17 and was going to pcp my first car, but my worry is that i may be rejected on pcp due to no credit history, therefore they have no background info on me money wise. so was wondering if that's a factor i should consider. cheers

[@Premises225]

Is your car the old style seat ?

[@reeceh6038]

I seen the PCP from purgeot. It's a 3 year thing. Just add fuel. I am looking to buy my first car as doing lessons, doing this option includes everything. except you can only do agreed mileage, have a black box but no curfew. the purgeot 208 any good? works out around £150? a month. for 6k miles a year, includes everything to insurance, tax, mot etc..

[@emmadavies7787]

I've also considered the same thing, but the monthly payment does depend on your age and other factors. The one I was considering was the 108 and it was advertised as costing about £105 - £130 ish a month, but the example they use to advertise is usually the price it would be for about a 40 year old. Because insurance is included in the price, and insurance shoots up for young people who have just passed their test. It turns out costing about £250 - £290, that's what I found out when I looked into it.

[@reeceh6038]

Emma Davies it's not too bad when it includes everything though is it? as it's not like as he was describing in the video for just a car. that price is included everything. tax. insurance. breakdown cover. so essentially it would be slightly more for that factor

[@emmadavies7787]

Reece H no you're right it is a really good deal when it includes everything, I just wanted to make you aware that it's not always as cheap as it appears. For me, at the time when I was considering this, the extra price was too expensive. But like you said for it to include everything it is still a really good option :)

[@reeceh6038]

Emma Davies will defiantly be careful though. thanks for that as they might sneak it on contract. strange there is so many options available yet so little resources to help you pick something right. it's either that option of buy a car separate and get everything manual trying to work out if it's worth or not.

[@f4tpie]

Fuck financing, especially for your first car, you can get an awesome car outright second hand and you actually have an asset. Once youve got an established place in a secure role then it's less risky but even still you just soak up the value loss car after car when you could buy a car that's just ended it's finance period or ex-fleet. Save and have the posh cars.

[@LHawkesDrums]

Funny enough I just bought my first car today on Finance, a 2012 VW Polo 1.2. I work full time at McDonalds and should have no problem making payments when im earning double what i have to pay a month in 2 weeks worth of work

[@ExpectBass]

how much you paying a month if you don't mind me asking?

[@LHawkesDrums]

£118.64 for the car about £80 odd for the insurance (£300 deposit) like £30-40 for RAC warranty and then £10 a month for tax As for pay, just in case people are interesed, ive been working part time, about 20 hours a week up until now, and my last months' pay was £550.60, but now i have gone (or intend to go) full time, I can expect 30-35 hours a week, meaning I'll have more money.

[@ExpectBass]

ahh ok fair enough cheers for the reply back

[@MaximumJoy]

Aphix_ hmm when I looked at 2013 polos they were at least £250 a month :/

[@danbruno5945]

Lol I think completely differently I normally just buy a nice reliable £1000 car like my recent VW Passat TDI that will proberly last me a long time. I rather have savings and see more of my payslip every month.😂💯

[@TheRazman]

I financed a 2.5 Litre Focus RS for £25,000 when I was 21. I put down £10,000 deposit and I've had the car for three years. Financing is not a problem if you are good with money and don't leave yourself short. I plan to eventually pay off the car and probably put it into storage - as the value on this specific model will most likely sky-rocket. I am aiming to get a Merc, something which has the power but also the luxury side of things for my general daily. Especially as the newer 17 plate models are even more efficient on fuel, even the likes of the C63 AMG.

[@ArchangelsSword]

I'm probably going to finance my first vehicle, but I'm probably going to get a bike so it'll only be like $7-8k brand new.

[@sami07001]

I never have got a car on finance or hire car purchase I save up and buy a car so I own it and I had a Astra 1.9 but I had to down grade to a limited edition Corsa and this is my 5th car and I am a car guy it's not true what they say they are really good cars

[@UnlimitedChi]

If you earn 3 grand a month can buy any car you want lol 2.16

[@astrox9946]

Honestly I have a question for anyone I’ve just passed my test and I’m looking at buying a i30 n I have the money to buy it out right but would it be more sensible to finance and then pay off the finance to build credit score ?

[@aadil8895]

Buy it out right

[@redzrsfocus4896]

I started to finance my car until I wanted to modify, ended up getting a bank loan

[@dirkgroovy7207]

what was that tune at the beginning of the video?

[@1calummulac1]

Got my theory on friday and already have my car wish me luck

[@julietzena2041]

Personally I would prefer to own my car, and I do own my car. But I'm glad finance exists as it's helped a lot of people I know. I've known people who have been messed about with finance but I think that was partly down to them 😳😂. Great video... missed the handbrake turn though... time to go back to Mexico 😂

[@taz874]

yh with finance you can easily be messed around if your not careful. aslong as you do your homework then you can get pretty good finance deals

[@jamxs6th529]

Get a cheap run around for the first couple of years while your insurance drops and your wage gets higher so your not worrying about keeping up with payments and shit then when your earning a decent wage get the car you want. Ps you can have a lot of fun in cheap cars like corsas, 106, saxos etc

[@jakelamotta2387]

4:53 what is this song??

[@ashleycollins9769]

Got my driving test tomorrow :3 I need luck! D:

[@ladlad5463]

Ashley Collins good luck Ashley :-)

[@Superboy8545]

Ashley Collins Did you pass it? ✅

[@nathanlloyd]

I've got a Dacia Sandero as my first car which is on finance, works out to be £100 a month which I think is pretty good. I can also easily pay towards it to reduce the monthly payments

[@taz874]

what year? and if you can i would recommend chipping in abit extra ontop of that £100. thats what i do when i finance a car better to pay it of as soon as possible

[@SimplySammyK]

2:16 literally no one is earning that much a month wth?!

[@Jasz_]

Says you lol 🤣

[@TheBokChoy]

New drivers should get new cars because they can't drive. Get something cheap. Got a Cooper S for my first car, was just as cheap as any banger so my thinking was I'd just keep it for the next 10 years. Great cars, lots of power but fwd so it's not gonna snap round on me. Also, everyone loves a bit of supercharger whine :)

[@theodrosy1877]

Tomshotz in the U.K. Not all of us can afford a cooper s on insurance buddy

[@TheBokChoy]

Theo Drosinos I was incredibly lucky that my insurance was only £2000, but what I was trying to say is get a cheap, decent car that's not gonna break the bank. Something you don't mind dinging up a bit, because let's be honest a lot of young drivers will. Old Micras, Fiestas, Clios are all fun hatchback that are cheap to buy and run, won't break the bank with insurance costs, and can also be in pretty nice condition

[@Awayze]

The only way I'd buy a car on finance if I have at least 90% of the value in the bank.

[@pascalg1656]

what about interest on hp???? they don't give you credit for free!

[@pascalg1656]

Shmee GINGER TEETH 150 usually the cost of the finance is added to the cost of the car. Then the sell the car to you at 0% so it looks like you're getting a good deal. Nobody would give credit for free.

[@yusufgta4341]

I own a 2009 Ford Crown Victoria P71 and it uses a 4.6L V8 250bhp with 4 speed automatic. It does 0 to 60 in 7.9 seconds and top speed is limited to 130mph due to the rear axle ratio. I'm paying 500$ per year full coverage.

[@Colbi.Morris]

Where's the vid on modifying your first car covering topics suck as window tint, painting wheels and colour coding bumpers? Also finance is definitely not a good idea.

[@LawrenceTimme]

Finance is bad :P nothing should be on finance apart from a house

[@radosaw4616]

I mean i wouldnt lease a car or any type of finance.I am lucky enough for my pearents can buy me a car,though i do understand why people do lease cars

[@SuperMoviemaker17]

Cheers Babe x

[@christopherlua11]

Song choice 👌

[@timmyturner7438]

Finance is a good idea, but not on a corsa

[@hiweegee]

Which part of mexico did you go to ?

[@xMrin10se]

Hahahaha

[@gtb_greedy7208]

Never finance

[@CALOFDUTYOWNED]

I saved up and bought a 12 plate corsa le. I appreciate it much more knowing I worked hard to buy it and the car is mine. I'm poor as fuck now though 😂

[@jsaddhubdsicf]

Shmee GINGER TEETH 150 fuck off shmee rat

[@joshcresswell___2714]

cant wait to pass my test in three weeks... im getting a corsa limited edition without know its the "stereotype" xD

[@CharlesCampo1]

Of course financing is a bad idea. I think the fact that you are technically "affording more than you can afford" is very dangerous, and very stupid.

[@irGuilty]

What if spending hundreds a month as opposed to be a one off thousands of pounds is more affordable? Would take a while for someone to save up enough for a car

[@hatchbackaddiction1481]

I'm buying my first car at 14 a Citroen saxo

[@domallen1451]

hatchback Addiction i wouldnt finance a saxo though really

[@spookyghost7524]

you wouldn't need to they go for about about £600 for a good 2002 vtr

[@yusufgta4341]

I miss my first car which was a 1996 Chevy Impala SS which was about 2,000$ and yearly insurance was 500$. It used a 5.7L V8 LT1 corvette engine with 260HP and 4 speed automatic transmission. It did 157mph stock.

[@yusufgta4341]

Now, I drive a 2009 Ford Crown Victoria P71 which I bought for 950$ and I'm paying 500$ per year full coverage. It uses a 4.6L V8 250HP 4 speed automatic transmission but its top speed is limited to 130mph due to the rear axle ratio.

[@44yamx70]

Thinking off getting a RS3 not to brag about it to rag the shitt out off it!!!!

[@jbentertainment2037]

Honestly if its your first car i would look on apps like letgo or offer up financing is really expensive dont get me wrong New cars are nice but I would save money and find a used car

[@1wayDrell]

JB Entertainment what if I don’t wanna finance a new car? I wanna finance a 2011 Hyundai Sonata. The car costs 9k and I was gonna put down 2k and just pay the rest off monthly. And I’m 16 so I think my parents have to sign off for the car which makes insurance and the monthly finance payments cheaper

[@boris7073]

its no a good idea you could loose your job and then get your car taken away

[@MotionPlays]

James Black That could happen at any stage in life though

[@irGuilty]

Insightful as always Boris

[@enam9000]

I'll just borrow couple grand from my brother and pay him back slowly every week by setting a standing order to his bank account.

[@xMrin10se]

But what if I want to look cool and pick up underage girls?

[@99tottenhamhotspur]

Cory _182 😂😂

[@Apparentt]

you wanna be looking for a little 1.2 corsa you can bomb down the road in for that case anyway

[@Tekanova]

Then you either get a Corsa, or an Audi A1 that you can't afford.

[@TheEGSgaming]

Limited Edition Corsa gang where u at?!

[@dcmedia6260]

TheEGSgaming want it 😂

[@spookyghost7524]

i miss mexico

[@stgeorge6947]

Absolutely not, bye

[@stgeorge6947]

P.s I can't believe how dumb people here are. I'm guessing all kids who can't afford to actually but there own car. Until it's paid off you don't own shit

[@hatchbackaddiction1481]

Get a cuppa like boosteds old Cupra

[@davey4808]

I payed Cash for my audi s6 and I am only 30

[@ScottUK]

You are 30 years old and "played" cash? How very Impressive lmao.

[@pascalg1656]

LMAO finance a vaxhall :DDDDDD

[@lydiablunt3327]

And laddettes?

[@adnanhadadi6001]

Laura xo good luck

[@MyFatalz]

Ducking stupid so it is. You end up with pish for way too much.