Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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quote:
Originally posted by Matty G
Its a fair point on cheap cars but what do you do if you want a car thats 20k? Would take a good few years to get that sort of cash put aside unless you have a really really well paid job.
As long as you can afford the repayments then I dont see the problem.
You're right, there isn't a problem as long as you pay it. It's just cars are the worst thing for losing you money as it is, without interest on top too!
My saxo was worth half the price of what I actually owed on it after 1 yr (3yr finance). Being tied to a car for 3 years is also a shitter. I get bored after a year.
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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What are Punto Sportings like on insurance & finance? Diesel aswell...
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Edd
Member
Registered: 8th Nov 04
Location: Glasgow
User status: Offline
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quote:
Originally posted by Kurt
ive looked a couple of new cars and the zetec s seems to be the right price and looks good but im open to reccomendations
dont buy brand new get nearly new then your budget will open up much better cars still with most of the benefits
fiesta st?
peugeot 206 gti?
clio 172/182?
astra coupe?
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Edd
Member
Registered: 8th Nov 04
Location: Glasgow
User status: Offline
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quote:
Originally posted by loafofbrett
quote:
Originally posted by Matty G
Its a fair point on cheap cars but what do you do if you want a car thats 20k? Would take a good few years to get that sort of cash put aside unless you have a really really well paid job.
As long as you can afford the repayments then I dont see the problem.
You're right, there isn't a problem as long as you pay it. It's just cars are the worst thing for losing you money as it is, without interest on top too!
My saxo was worth half the price of what I actually owed on it after 1 yr (3yr finance). Being tied to a car for 3 years is also a shitter. I get bored after a year.
always go hire purchase then after half the term you can just hand it back
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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quote:
Originally posted by loafofbrett
You're right, there isn't a problem as long as you pay it. It's just cars are the worst thing for losing you money as it is, without interest on top too!
My saxo was worth half the price of what I actually owed on it after 1 yr (3yr finance). Being tied to a car for 3 years is also a shitter. I get bored after a year.
Yeah I can see it being a problem if you get bored after a year 
I'm going to buy a brand new car next on a PCP over 3 years. Pay less than normal finance every month. And after 3 years will just give it back and get another new one 
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Kurt
Member
Registered: 23rd Oct 05
Location: Hi
User status: Offline
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quote:
Originally posted by Edd
quote:
Originally posted by Kurt
ive looked a couple of new cars and the zetec s seems to be the right price and looks good but im open to reccomendations
dont buy brand new get nearly new then your budget will open up much better cars still with most of the benefits
fiesta st?
peugeot 206 gti?
clio 172/182?
astra coupe?
hmm supose.. can only really insure a maximum of a 1.6 petrol/2.0 diesel though as my insurance will be too high.. had a claim and always been a named driver 
what i wouldnt mind though is a 1.7 dti corsa c but i doubt im likely to find one on a dealers forecourt anymore..
Edit: something like this, shame its too far though
http://cgi.ebay.co.uk/2005-Vauxhall-Corsa-1-7-CDTi-SRi-a-c-3d-Black_W0QQitemZ190114182727QQihZ009QQcategoryZ9858QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
[Edited on 12-07-2007 by Kurt]
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Joe
Member
Registered: 20th Jun 04
Location: Hesketh Bank, Lancashire
User status: Offline
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Matt, does it not bother you that you will be giving away say £400 a month for 3 years and then at the end you have nothing to show for it?
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Edd
Member
Registered: 8th Nov 04
Location: Glasgow
User status: Offline
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quote:
Originally posted by Matty G
Yeah I can see it being a problem if you get bored after a year
I'm going to buy a brand new car next on a PCP over 3 years. Pay less than normal finance every month. And after 3 years will just give it back and get another new one
really wouldnt go the pcp way hire purchase is still the best way to pay for a car aside from having real money
if you end up in negative equity hand it back and start from scratch
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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quote:
Originally posted by joe6886
Matt, does it not bother you that you will be giving away say £400 a month for 3 years and then at the end you have nothing to show for it?
No it doesn't bother me, its just like renting it really isn't it. Its not like I'd be paying the full cost of the car then giving it back.
It would cost alot more per month to pay the full price of the car off over the 3 years. Then I'd only be selling it at the end of the 3 years anyway.
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Little Vik
Member
Registered: 30th Jun 03
Location: Herts
User status: Offline
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But a PCP means you can afford a car you might not be able to afford.
theyre arent the best deal for everyone, but for some they are a brilliant way.
cant be bothered to read the whole post but www.lexfreechoice.co.uk do some great online quotes which you can mess about with as much as you want - sorry if someones already posted it!
The best way to buy a car is on interest free credit, but this isnt an option for most people.
A good thing about HP that alot of people dont realise is say you get a 5 year HP deal, you can hand the car back in what ever condition half way through the term and the company cannot chase you for the money to repair the car.
With a PCP you have to keep the car in reasonable condition.
so it may be cheaper in some cases to get a 5 year HP deal and hand it back after 2 and a half then get a 3 year PCP deal.
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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quote:
Originally posted by Little Vik
But a PCP means you can afford a car you might not be able to afford.
theyre arent the best deal for everyone, but for some they are a brilliant way.
Aye exactly. Like you say its not the best for everyone but I think its the best way for me to do it.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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theres an 18 week delay as they weren't making fiesta zetec s's for a period in the factory apparently.
might be because of the anniversary zetec s which is horrid.
dont quote me on that but my figures are correct, i work for them 
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Kurt
Member
Registered: 23rd Oct 05
Location: Hi
User status: Offline
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saw that on the website, yellow with chequered roof 
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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yup lol, some bloke bought one from dagenham motors and wrote it off almost straight away think it's the same one fro-dizzle is talking about.
he then bought another and crashed that one too, but has since repaired it
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Little Vik
Member
Registered: 30th Jun 03
Location: Herts
User status: Offline
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quote:
Originally posted by Ben G
theres an 18 week delay as they weren't making fiesta zetec s's for a period in the factory apparently.
might be because of the anniversary zetec s which is horrid.
dont quote me on that but my figures are correct, i work for them
Arent they shutting the factorys for holidays at the moment? So all new cars if factory orders are on a slight delay at the mo?
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CORSA NUT
Member
Registered: 3rd Aug 01
Location: Wirral
User status: Offline
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Wish to god i'd never got finance
If there is ANY way of getting the car you want without either getting finance on the car itself or a bank loan then try it first.It might take you longer to get the car you want but take notice from somone who has been there...bought the t-shirt and lost a shit load of money on the way.
DON'T DO IT.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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shutdown (shutting the factories) starts next friday night
can't wait, 3 weeks off
could be producing less in the run up to shut down though so that could be the reason
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Little Vik
Member
Registered: 30th Jun 03
Location: Herts
User status: Offline
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I remember when i used to work at a dealer and they used to shut the factories for retooling or for holiday's used to do my brain in as id have to phone the customer and tell them why their new cars delayed
Back to the topic
if you can save for a car without getting it on finance then it is the best way, but most people are impatient!
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