antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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What do people think about this?
I know you end up paying more than if you pay all up front. Do many of you lot pay via installments?
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tom_simes
Show Staff
Organiser: South Wales
Premium Member
Registered: 12th Jan 05
Location: Undy, Newport Drives: Skoda Octavia vRS estate
User status: Offline
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If you can afford to pay it upfront, do so.
If you can't, then pay by installments.
That's about it really.
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Timbaland
Banned
Registered: 20th Jan 07
Location: Glasgow
User status: Offline
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I used to when i had 3 cars because paying 3 full policies wouldnt have been cheap, Now i just have 2 and pay them off in one go.
Then you dont need to worry about it for a year and if the wrost was too happen you dont have money issues if you lose your job.
Its not a bad thing to pay it up, If your not gonna loose your job then theres nothing wrong with it.
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Timbaland
Banned
Registered: 20th Jan 07
Location: Glasgow
User status: Offline
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quote:
Originally posted by tom_simes
If you can afford to pay it upfront, do so.
If you can't, then pay by installments.
That's about it really.
I wish i had thought of a way to write it in 3 small, informative lines. 
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antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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See the thing is im on a tight budget (looking at 500quid cars), now if i pay by installments it means I can buy a better car (or have a bigger range to choose from)
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antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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quote:
Originally posted by Timbaland
Then you dont need to worry about it for a year and if the wrost was too happen you dont have money issues if you lose your job.
I have a lot of the money needed (well about half) so I should be okay and if the worst should happen, I think my parents would help out
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Timbaland
Banned
Registered: 20th Jan 07
Location: Glasgow
User status: Offline
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You've answered your own question mate.
Installments it is. 
There's nothing wrong with them, I just felt like it was another thing out my wages every month, Down to personal preference i think.
Its not like finance, Just pretty much Pay as You go month by month.
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Daveskater
Premium Member
Registered: 29th Apr 08
Location: Oxford, UK Drives: Jap wagon
User status: Offline
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If you're 18 and have a good credit rating you could get a loan to pay it off, you'll pay a couple of % interest instead of the 20 odd that ins companies charge.
That's what I did, even though I don't have a credit rating yet, so it was a bit higher interest, but less than if I paid it off monthly 
Numberwang!
Originally posted by AlunJ
I like you Dave, you are a man of men
Originally Whatapp'd by Neo
Dave's maybe capable of a drive-by cuddle
Look at my pictures
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16V_1600
Member
Registered: 7th Oct 07
User status: Offline
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Mine is £439 FC on the 1.6 and £50 a month for 10 months.
Nothing really although if I'd have had £439 at the time, I would have paid it up front.
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Ive never paid insurance monthly, always pay straight up.
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16V_1600
Member
Registered: 7th Oct 07
User status: Offline
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quote:
Originally posted by Colin
Ive never paid insurance monthly, always pay straight up.
Nice if you have it up front
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by 16V_1600
quote:
Originally posted by Colin
Ive never paid insurance monthly, always pay straight up.
Nice if you have it up front
All I can say is for me it just means going without sometimes during the year & being clever with money to make sure I have it to pay up front, I know ive got 12 months to make sure ive got cash sat to pay insurance.....it doesnt just appear in my bank account as if by magic 
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Gareth
Member
Registered: 2nd Mar 00
Location: Derby, Drives: EVO VIII MR & pug 308
User status: Offline
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paid mine in 4 installments of 190 no interest was charged
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16V_1600
Member
Registered: 7th Oct 07
User status: Offline
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quote:
Originally posted by Colin
quote:
Originally posted by 16V_1600
quote:
Originally posted by Colin
Ive never paid insurance monthly, always pay straight up.
Nice if you have it up front
All I can say is for me it just means going without sometimes during the year & being clever with money to make sure I have it to pay up front, I know ive got 12 months to make sure ive got cash sat to pay insurance.....it doesnt just appear in my bank account as if by magic
I just forget about it then think "oh shit, my insurance is due, installments will be reet"
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JM_16v
Member
Registered: 17th Oct 05
Location: Essex Drives: GLC63S
User status: Offline
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always paid in installements
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Bonney
Member
Registered: 14th Nov 04
Location: St Helens
User status: Offline
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If i had the money at the time, i would have payed for it in one go, and i think i will come renewall time.
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doely_gti
Member
Registered: 11th Dec 07
Location: Torfaen
User status: Offline
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my company charge 13/14% interest
POST OFFICE = 42%
ENDSLEIGH/KWICK FIT/ECAR etc is 38%
badgers
but ive always paid installments, even though mine was £250 this year its only 9x£28 plus the month it was due i had tax/mot/tyres/rent etc to pay so i opted to spread it out so i had a few quid left for LIFE lol
[Edited on 10-05-2008 by doely_gti]
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Mike
Organiser: North West and North Wales
Premium Member
Registered: 20th May 06
Location: nr. Skipton, North Yorkshire
User status: Offline
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I've always paid it in one go, almost didn't the first year cos I didn't quite have the £1750 needed after spending £2000 on the car  but I didn't have a bank account and wouldn't take payment from someone else's account so had to use a credit card but I had the money sorted by the time the bill come in, luckily it's never been over £1k since then
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EarlofBarnet
Member
Registered: 26th Mar 04
Location: West Cumbria
User status: Offline
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I paid mine upfront last year as it was only £220 ish. Will do the same this year as at least its out of the way.
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richc
Member
Registered: 24th Mar 07
Location: Ilkeston
User status: Offline
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You old bastards say pay if up front its alot easier blah blah! You only pay a few hundred quid! If mine were say 300 quid i would....but i dont just ripp 1.5 grand out me pocket and go hear you are my insurance for the year sir 
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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Borrow the money at a better rate. APR on car insurance monthly payments is normally 30% or more.
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