Buying a car

[berty2001]

My girlfirend saw an advert recently that offered a new car for only �50 a month. Can any one tell me which car it was for?

[Kerplunk]

This is a joke right?

[thewillow]

Sounds like she'd be paying for the car for the rest of her life.

[BenDToy]

I would suggest that you (and possibly your girlfriend) needs to think this through very carefully. You cannot "buy" a car for �50 a month, or anywhere near it. What you are doing with your payment, is paying the cost of a loan which is the difference between a deposit and the cost of the car, plus interest, spread over a long period of time. Car sales ads attract you by making this figure as low as possible by maximising 1) the deposit 2) the period of the loan 3) the money you will still owe at the end of the loan period. Don't fall for these tactics. Identify the car you want and the amount of money you need to find, and shop around for the right finance deal.

[BenDToy]

I would also be what tempted to suggest that what she actually saw was �50 per week, another especially unpleasant tactic. After all who else shows repayments per week? Slimy creeps!