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Author Ending car finance?...UPDATE - new car 118d
M2RTY
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Registered: 25th May 01
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18th Jul 12 at 08:18   View User's Profile U2U Member Reply With Quote
Got a 2010 abarth 500 in white with upgraded alloys, red leather, glass roof, decals etc

2 years 1 month old. Needs a service soon, all discs and pads and 4 new tyres in 3 months or so

Rang finance company, want 8800 to settle it at the moment, or works out 9600 if its paid off each month and the ballon payment paid off after 3 years

Thinking of getting rid now while it has 1 years warranty left etc, part ex-ing it for a new z4 convertible

It usually best to do this now? Gonna cost a grand at least to keep it going, thinking its better to ex it before then and save some money?

All new to me!

[Edited on 21-07-2012 by M2RTY]

[Edited on 21-07-2012 by M2RTY]
mwg
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Registered: 19th Feb 04
Location: South Lakes
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18th Jul 12 at 08:45   View User's Profile U2U Member Reply With Quote
Just looked up part ex going off what you said and it comes up as £9350. So you should be able to get a bit of a deposit towards your next car going off that. They might even give you a bit more than that depending what the dealer is like.

Say if the dealer gives you £9350 for it, they will then pay off the £8800 for you and you'll have £550 out of it towards the deposit on your new car.

Basically the dealer will sort it all out for you, go in and see what they say. I would be wanting £1000-£1500 over what you owe on the finance to go towards your deposit on the new car. They might not be willing to do that though.
Ian
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Registered: 28th Aug 99
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18th Jul 12 at 09:05   View Garage View User's Profile U2U Member Reply With Quote
The difference between 8800 settlement figure and 9600 balance outstanding is just the interest that you will no longer accrue if you terminate the agreement.

Same as I if you'd not borrowed the money you'd have not paid any interest. You only owe interest for the time in which you owe the capital.
3CorsaMeal
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Registered: 11th Apr 02
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18th Jul 12 at 09:23   View User's Profile U2U Member Reply With Quote
£1000 to keep a 2yr old car on the road?

think i'm missing something when people tell me i'm crazy.

Hope i'm not ruining or trolling the thread but fcuk me its money down the drain to drive a new car and feel a bit special for 2-3yrs
mwg
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Registered: 19th Feb 04
Location: South Lakes
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18th Jul 12 at 09:33   View User's Profile U2U Member Reply With Quote
Just cos it's a fairly new car doesn't mean you can get away without having to fit new tyres and having it serviced though Consumables like you get on any age car.
3CorsaMeal
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18th Jul 12 at 09:37   View User's Profile U2U Member Reply With Quote
£1000 for tyres, brakes and service on a small fiat hatchback

Neo
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Registered: 20th Feb 07
Location: Essex
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18th Jul 12 at 09:49   View User's Profile U2U Member Reply With Quote
Im guessing a Service at Fiat would cost ~200, ~300 for some ok tyres, ~200 for brakes, so even then thats only £700 give or take. Plus I struggle to see how a 2 year old car could need discs and pads all round

On an older car your more inclined to do brakes yourself and save 60 quid or so, get cheaper tyres, and have it serviced at smaller garages for £75 quid or even yourself for parts. Could do it all for £400 easily.
3CorsaMeal
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18th Jul 12 at 10:00   View User's Profile U2U Member Reply With Quote
Hate these threads tbh

They would be more at home on moneysavingexpert.com
mwg
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18th Jul 12 at 10:05   View User's Profile U2U Member Reply With Quote
Tyres will be more than £300 for 4. I'd guess more like £500 or £600. Does seem odd having discs and pads at 2 years old but he doesn't say the mileage.
Neo
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Location: Essex
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18th Jul 12 at 10:13   View User's Profile U2U Member Reply With Quote
Abarth has 195/45/16 same as mine. Most expensive tyres in that size are about £100 fitted. Dunlop SP sport 9000's are 75 fitted each on black circles. £300 for 4 and not budgets.

Extreme end is Nankang NS2's for £50 per corner fitted at tyretraders.
mwg
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18th Jul 12 at 10:14   View User's Profile U2U Member Reply With Quote
I think he might have the 17 inch wheels. Who puts cheap tyres on a performance model anyway?

[Edited on 18-07-2012 by mwg]
Neo
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18th Jul 12 at 10:14   View User's Profile U2U Member Reply With Quote
Fair enough, probs a bit more then but I just looked at standard size
Hammer
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18th Jul 12 at 10:26   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by 3CorsaMeal
Hate these threads tbh

They would be more at home on moneysavingexpert.com


Calm down mate.

Go roll a spliff in your VW Corrado and feel good about life.
M2RTY
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Registered: 25th May 01
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18th Jul 12 at 18:16   View User's Profile U2U Member Reply With Quote
400 service
400 tyres
300 discs pads

3rd set of tyres, 2nd service

28k on clock
richardworrall
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Location: Derby
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18th Jul 12 at 22:19   View Garage View User's Profile U2U Member Reply With Quote
It doesn't have to be done at a fiat dealer. Use any VAT registered garage to keep any warranty valid then your not paying stupid main dealer labour rates and parts prices.
bracey123
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18th Jul 12 at 22:43   View User's Profile U2U Member Reply With Quote
300 to do discs and pads on a fiat?? Fuck me!!
M2RTY
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19th Jul 12 at 06:20   View User's Profile U2U Member Reply With Quote
Actually its 330 as a discounted price. 150 just for rear pads from one dealers

Parts are expensive, so getting it done at a vat registered garage didnt come out much cheaper

Its getting part exd for a new bmw, off to look at a couple saturday

500s cool, but gettin 30mpg over 14k a year and parts = expensive to run. Can run something nocer for same money, and bored of it after 2 years
Munchie
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Registered: 17th Jul 01
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19th Jul 12 at 13:53   View User's Profile U2U Member Reply With Quote
Paint it green lad
M2RTY
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Registered: 25th May 01
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21st Jul 12 at 18:00   View User's Profile U2U Member Reply With Quote
part-x'd it on a new 118d sport convertible in silver with black leather. sensible option. 14k going up to 16k a year means wanted a nice small car cheap to run.

[Edited on 21-07-2012 by M2RTY]
M2RTY
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21st Jul 12 at 18:06   View User's Profile U2U Member Reply With Quote


few little plans like carbon badges etc, nothing major, just get in, drive, get out lol
Jambo
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Registered: 8th Sep 01
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21st Jul 12 at 18:24   View User's Profile U2U Member Reply With Quote
How much was that?
Gareth T
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Registered: 14th Feb 06
Location: newcastle
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21st Jul 12 at 19:32   View User's Profile U2U Member Reply With Quote
guy at work has the 118d coupe. lovely car
M2RTY
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21st Jul 12 at 19:46   View User's Profile U2U Member Reply With Quote
pulls well concidering its a 118, but 100 quid tax and 55mpg saves us about 1500 a year in fuel/tax alone

got 5 years servicing paid for too, so pretty much free motoring til we sell it
baza31
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Registered: 19th Apr 03
Location: yorkshire
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21st Jul 12 at 20:02   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by M2RTY
pulls well concidering its a 118, but 100 quid tax and 55mpg saves us about 1500 a year in fuel/tax alone

got 5 years servicing paid for too, so pretty much free motoring til we sell it



Parts and labour? I can't imagine it covering wearables
John
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Registered: 30th Jun 03
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21st Jul 12 at 20:36   View User's Profile U2U Member Reply With Quote
He gets them at the same shop you get all your bargains.

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