How can we raise money fairly quick for a car?

Filed under: Poultry |

raising ducks
Image by Shreyans Bhansali
who’s the market for these chicks? are the residents of Central Beijing raising their own poultry? or are the tourists from the villages going to carry bags of baby ducks home in crowded buses?

Beijing, 26 April 2009

Question by Becky: How can we raise money fairly quick for a car?
My partners had his driving lessons and has his test soon, he’s took to driving like a duck to water, he’s only been doing it for a month but his instructor says hes more than ready and can’t believe he hasn’t drove before. We have a 7 month old son and live in a little town with basic public transport, so being able drive around will be a godsend! My partner works full time and I’m on maternity leave, even when I go back the hours aren’t brilliant as they tend to be 8 hours a week which by the time I pay for child care will be bugger all. We don’t have a lot of spare money to put away, so it would take forever. My partner has enquired about a small loan but he can’t have one due to being paid in a packet rather than in the bank, we have no one to be a guarantor. We’ve hit a bit of a brick wall as we can’t see how we will have a small lump sum buy a car in the first place. Anyone been in this position or have any ideas??

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3 Responses to How can we raise money fairly quick for a car?

  1. Driving is an expensive godsend.
    I reckon 10/week just to have it sat there (road tax, service, MOT)

    insurance? 1000/year is another 20/week
    if insurance is 2K then you are at 50/week before putting a drop of fuel in it.

    (before you even start loan repayments)

    January 30, 2014 at 12:44 am

  2. Unfortunately you are stuck here – and please don’t resort to pay day loan type lenders whatever you do. If you can’t get a loan, then use the money you say you would have to repay the loan to SAVE up and buy a cheap car for cash sometime down the line

    January 30, 2014 at 1:20 am

  3. A very expensive godsend, I’m afraid… Do some sums and take into account the cost of insurance (which could be several thousand for a novice driver), road tax, petrol/diesel, servicing etc.

    Could your partner ask his employer to pay him via bank transfer in future? At least that way you’ll build up a relationship with the bank.

    Alternatively, could he get a second job (albeit temporarily) to help build up the car fund?

    Jo W
    January 30, 2014 at 1:52 am

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