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My father gets it and wants a car but doesnt want to lose all of his allowance to get a car -even tho its a good scheme.

2007-07-17 11:18:28 · 10 answers · asked by daftoldwoman 4 in Business & Finance Credit

10 answers

It's really not financially viable for your Dad to get a loan for a car, if he receives the higher rate of DLA.

Yes, a car on the Motability scheme will (usually) take up all the £158/month DLA allowance. But for that, you get free insurance, free servicing, free breakdown and accident cover, free replacement tyres, free windscreen cover, etc.

If your Dad takes out a loan to buy a car, he may save a part of his DLA allowance, but he'll have to pay out for all the things listed above. This will almost certainly negate the saving he's made.

Having said that, not all the cars on the Motabilty scheme use the whole of the monthly DLA allowance - the base model Fiat Panda, for example, would leave your Dad about £25 per month out of his allowance.

2007-07-17 11:55:29 · answer #1 · answered by Nightworks 7 · 0 0

it really is better for your Dad to get his car on a mobilty scheme with his DLA, and it won't take all his DLA-he, in theory could have a Ferrari, it would just mean he has to pay more for it, but like the other person said, he doesn't have to tax and insure it. Plus if you get a car from a Vauxhall mobility dealer they put the 2 people you need to gaurentee your car through an advanced driving course for free which makes their personal insurance up to 25% cheaper. It really is worth looking into for him.

2007-07-18 08:47:58 · answer #2 · answered by Little Bear 5 · 1 0

your dad can get a car through motability where they take so much money off him a month but after about 3 or 4 years the car will be his to keep rather than have one off them for 3 years and he has to give back,my daughter gets DLA and that's what were doing it saves going to a dodgy loan company.if your dad does it to buy the car he wont lose all his allowance just some of it don't know if that helps you any

2007-07-17 18:31:56 · answer #3 · answered by pollydoll 2 · 1 0

so, why not use the purchase scheme, rather than the contract hire scheme, within the motability options. it means you own the car at the end. ok you have to then pay for insurance, tax (should be free if high rate mobility) and servicing, but at the end of the term the car is yours.

2007-07-18 06:50:19 · answer #4 · answered by alatoruk 5 · 1 0

I have included a link to a company I found that gives out loans to people in all situations in the source section. It is tough to get a loan this way but I know there are many companies out there who specialize in different situations. Good luck!

2007-07-17 19:06:40 · answer #5 · answered by Know it All Nerd 1 · 0 1

I'm certain that you must find all financial solution at= financial-care.info-

RE Are there any companies who will loan money to buy a car when the person applyIng is on DLA?

My father gets it and wants a car but doesnt want to lose all of his allowance to get a car -even tho its a good scheme.

2014-09-03 06:38:37 · answer #6 · answered by Anonymous · 0 0

Don't pay attention to the people on here who are

trying to Scam you. Beware of Advance fee Loan scams.
DO NOT take any offers or click any links from people

that post on this board... they are ALL SCAMS.

2007-07-17 20:16:50 · answer #7 · answered by Mr. Blue 4 · 1 0

there are a bunch of us out there.
if your dad is willing to give 50%down on a short term loan,i can put him in anything.

2007-07-17 18:22:49 · answer #8 · answered by twisten 4 · 0 1

Oh great thats something else the tax payer has to foot the bill for!!!

2007-07-18 10:58:25 · answer #9 · answered by dundeedee 2 · 0 3

checkout http://www.motability.co.uk

2007-07-17 18:38:24 · answer #10 · answered by Anonymous · 1 1

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