loans using a garentour

[saxovtrcrazy]

whats the procedure with getting a loan using someone as im only 18 and want a 6,000 pounds loan, reason being i need a car. not i want, i need
as i need to travel to work, the reason i want 6,000 is for insurence and the car payed off then all my bills in one, also i want to take one grand out of the 6 to save incase the unlickley event of me loosing my job or something like that to account for the time that i have to look for a new one, please all comments welcome and info on using a garentour fankoo

[scook]

why borrow extra to save , you will pay a lot more in the long run. A garentour is a someone who is liable for the payments if you dont pay. This will have to be your parents or someone that trusts you very well.

how much of the loan you think of using for a car ???? , it may be worth looking at getting one on interest free credit (will be newish and wont cost a fortune)

[saxovtrcrazy]

Originally Posted by scook

why borrow extra to save , you will pay a lot more in the long run. A garentour is a someone who is liable for the payments if you dont pay. This will have to be your parents or someone that trusts you very well.

how much of the loan you think of using for a car ???? , it may be worth looking at getting one on interest free credit (will be newish and wont cost a fortune)

well with alliance and leicter or however you spell it, they charge you an extra 400 somthing pounds extra e.g 6400 total payments so its only 400 pounds anyway, i wanted to spend 3,000 on the car and then pay for the insurence costs

[Dan]

My advice would be not to get a loan, one of the worst things I ever did.