Getting finance on a very very low salary?

G30 · Nitrous Nuisance Joined: 28 May 2013 Karma :

Instead of trying and it being declined and going on my record, do you think would I would be able get finance at over £80 a month for 2 years when I only earn £300 a month? I'm hoping to be earning a lot more p/m after a month or two but right now I'm on that. Of course the only way to know for sure is to try but I don't want it going against me on my record if it is declined.
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KTM RC390 -- Kawa ER6f -- Yam YZF R125 -- Yam YBR 125

SQL · World Chat Champion Joined: 08 Aug 2012 Karma :

Not really worth it unless you can offset the cost with a massive upfront payment i.e sell the er6 and use the cash as a deposit.

Ste · Not Work Safe Joined: 01 Sep 2002 Karma :

I really wouldn't have thought so but as finance is secured against the vehicle so there might be a very, very, very tiny chance that you'd be able to get finance. That's not to say it's a good idea!

What you're hoping to be earning in a month or two won't come into it, to get a loan or finance they'll be wanting to see previous bank statements as proof of your income.

You'd get shafted on interest rates so would be paying £80 a month for a ages.

The finance would be as well as selling your ER6?

Rigga · World Chat Champion Joined: 29 Nov 2012 Karma :

You'd be better off waiting for your salary to rise in a couple of months and then going for it
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Rogerborg · nimbA Joined: 26 Oct 2010 Karma :

£300 a month? You're having a laugh. Get a pushbike. From Freecycle.
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P. · Red Rocket Joined: 14 Feb 2008 Karma :

What is wrong the with ER6 Confused

trevor saxe-coburg-gotha · World Chat Champion Joined: 22 Nov 2012 Karma :

Can lose license quicker on something bigger and faster. Duh.
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DrSnoosnoo · World Chat Champion Joined: 28 Mar 2012 Karma :

Keep ER6

Save money up

...

Profit
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twistedlemon · Borekit Bruiser Joined: 09 Feb 2013 Karma :

lylagriffin · L Plate Warrior Joined: 14 May 2014 Karma :

I think you must wait for your salary to rise in a couple of months and then going for it.
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