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https://www.boards.ie/discussion/2055940817/signature-rules

replacement car using only my old car as deposit.

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  • 09-01-2017 1:38am
    #1
    TheBully
    Registered Users Posts: 876 ✭✭✭


    Basically, myself and my partner bought a house this year and at the same time she started learning to drive, I sold my car and bought a small 1.4 petrol auris, to get her insured and also to put extra money towards deposit. So now we are in our new house and she has just got her full licence I'd love a newer car.
    I don't have much of a deposit, basically only the value of a spotless low mileage auris.
    Does anyone know my options, I'd love a 5 or 6 year old Beamer or even an Audi, will any pone accept a car like that as a deposit? Will I sell privately first! I'd obviously be looking for finance!


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    #2
    George Dalton
    Registered Users Posts: 5,728 ✭✭✭George Dalton


    Speaking from experience if your credit rating is good the deposit doesn't really matter in terms of whether you get approved or not.

    What year is the Auris?


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    #3
    TheBully
    Registered Users Posts: 876 ✭✭✭TheBully


    George Dalton wrote: »
    Speaking from experience if your credit rating is good the deposit doesn't really matter in terms of whether you get approved or not.

    What year is the Auris?

    It's only a 2007, so not worth much. Yea my credit rating is fairly good alright so I hope there will be no problem there!
    Thanks


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    #4
    Cee-Jay-Cee
    Registered Users Posts: 12,235 ✭✭✭✭Cee-Jay-Cee


    TheBully wrote: »
    It's only a 2007, so not worth much. Yea my credit rating is fairly good alright so I hope there will be no problem there!
    Thanks

    A dealer will give you maybe €3000-4000 maximum for your own car if your lucky. Sell it straight and have a cash deposit which will go further when buying something newer.


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