I am another that would never borrow money to buy a car. We have always paid for our cars in cash and always bought privately second hand. We have a 2009 Ford Territory, 2006 Mitsubishi Lancer.

We also own two unregistered cars, a 1969 Fiat Bambino and a 1913 Wolsely Roadster. We can’t use either of them at the moment because it’s just not practical with kids.