23 May 2015

A question about : a wee question...

Hello everyone. Hope all the dfw's are doing well with their journeys.

I wonder if anyone can help,
on my credit file I still have a couple of defaults which I'm paying off, a couple of satisfied defaults, and of course my old friend a satisfied ccj. I'm on the electoral roll. I have heard somewhere that if I was to try and insure a car, that I would not be able to pay my insurance monthly, and would have to pay the whole years insurance upfront.
Is this true lovely people?
I currently do not have a car, just something I was mulling over (on top of a heater after a wet cycle to work ha!)
I thought if you are paying a month in advance it might be OK..
B.p x

Best answers:

  • How much do you think a car will cost you per month? Come up with some estimates and post them here and see if other people think they are reasonable.!
  • Hi longtermplanner, thank you for replying to my post, that's a good idea. I can't really even guess at the moment, to be honest I'm not at the stage of planning getting a car or figuring out costs quite yet, I was really just wondering if anyone knew if the state of my credit file would stop me paying car insurance monthly, and mean I would have to pay the whole year in one go? A hypothetical question! But does anyone know? Good old Google doesn't give me the answer!
    B.p
  • Why would you want to pay your car insurance monthly in the first place? You get charged 34% for credit, 5% VAT and sometimes even a sneaky premium for paying by DD. The default position should be that you pay your insurance for the year all in one go.
  • In answer to your question, yes you should be able to pay monthly for your car insurance, as insurance is a legal requirement.
    I was in an IVA and still got car insurance on a monthly basis with no problems.
  • Thank you Firewyrm and The Fog Has Lifted.. That makes sense, I'll remember that if I do ever get a car. (Avoid monster trucks ;-)). Seriously though I wouldn't have known about the difference in cost.
    And thanks for answering my wee question Sourcrates...
    Hope y'all are well :-)
    B.p x
  • I'm 29 :-) it would be my first car, I would be 30 by the time I got one though. Have been told the insurance drops once you are over 25, and then again after the first year. Going to see how my bike and I fair on our commute over the winter, and how things look after the Dfd!!
    Thanks again for the responses!
    B.p x
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