There’s no question about it, there’s work involved with owning an older car – and the work only increases as it gets older.
Not only is keeping an older car running stressful – it can really start to impact your finances when MOT and service time comes around. So why not consider removing that cost and stress from your life by releasing the equity in your home and investing in something more modern and reliable?
Diane – buying a safe and reliable car
Diane picked up her new car in March 2017 after releasing the equity from her home.
“My daughter had her first child earlier this year and I’ve stepped in to help out whenever needed – but getting a child seat in and out of my little old 3-door car was a real pain.”
“I was conscious of safety too, hopefully this little one will be the first of many grandchildren – so I’d like to know I’ve got something that’s big enough and safe enough for taking the family places.”
After lots of discussion with her family and an advisor Diane opted for a lifetime mortgage on her home, meaning no monthly payments – and finances freed up to select her new car. Diane’s situation also meant she had ample finances left over beyond her new car choice.
“I went for a 5-door, it’s got plenty of room for child seats and buggies, I also know it passed all the highest safety standards, which gives me real peace of mind when I’m taking everyone places. It’s also nice to know that I’ve got a bit of extra money sitting in the bank, meaning I don’t have to worry about paying for nice days out and special occasions.”