Fiat Punto Sporting 1.4T

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Anyone on here driven this car?

I'm 20, and have been offered a new car for around the £10k mark. Only it has to be new for reasons I can't get into.

This seems to be the best bet, despite doing 0-62 in 8.6s and having over 200nM of torque it is only I.Group 6. As I'm parking this thing in a dodgy street next year for uni insurance is steep. £750/year is what I've been quoted, but anything with 150bhp or more comes out at £2000+

Just wondering what you lot thought? Should I stay well clear of Fiat or have they changed in recent times?

(Model I'm looking at is an Ex-Demo 1k miles, black Grande Punto Sporting 1.4 Turbo 120bhp)
 
Paying it all of in one lump sum, but borrowing £5k interest free from a relative and paying her back £20/week for next few years.

It either has to be brand new, ex-demo or have few miles on the clock.

Anyway I'd rather not get into that. I'd really appreciate comments like "it sucks" or "great choice" etc
 
I was going to start on the new car bashing in my reply, but I thought I'd give the OP a chance to explain why first :)

TBH the £3K used car would be my suggestion as well.

*edit*
That still doesn't explain why you're buying new? Assuming you're financing £5K of it yourself you could buy a much better 2/3 year old car. Without owing anyone anything.

At £20 a week that's nearly 5 years! That car will be worth £20 in five years ;)
 
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I appreciate it would but I can't get insured on anything decent. I don't have any NCB.

I suppose I could buy a 2nd hand car for £5k.
 
Could you please tell us why you have to get a new car?

You will lose money on depreciation and you can get exactly the same car for less or even a better car and have the money to spend on insurance also.

It really makes no sense.
 
You could probably get a 57/08 Focus 1.8 with that budget, however that said I quite like the look of the new Punto.

I do suspect you could probably get a new/pre-reg Punto for less than 10k though. Places like broadspeed have them starting at 9k for brand new.
 
Perhaps but the way I see it:

I buy a second hand, say, 1.8T Seat Leon for £5000 with 60k miles.
2 years time, it is worth absolutely nothing.

I buy a brand new Punto 1.4T for £9000 with 1k miles.
2 years time it is still worth at least £4k
 
When I was doing my BTEC I had a friend who had to have a new car.
At the time we all went through the same argument with him - buy 18-24 months old, let somebody else pay the early, high drop in value.

Turned out the money from the car was coming from a trust fund (he lost his parents at a young age).
The fund stated that he would be bought a car from the fund at 17, however it had to be brand new.

Sorry - a little off topic, but if the guy has to buy new there probably is a good reason.
 
Perhaps but the way I see it:

I buy a second hand, say, 1.8T Seat Leon for £5000 with 60k miles.
2 years time, it is worth absolutely nothing.

I buy a brand new Punto 1.4T for £9000 with 1k miles.
2 years time it is still worth at least £4k

In 2 years time a Leon worth 5k will not be worth nothing.
 
Perhaps but the way I see it:

I buy a second hand, say, 1.8T Seat Leon for £5000 with 60k miles.
2 years time, it is worth absolutely nothing.

I buy a brand new Punto 1.4T for £9000 with 1k miles.
2 years time it is still worth at least £4k

And you still have £5000 to play with.

2 years time a Seat Leon with 70,000 miles will be worth about £2000.

So you lose £3000 in 2 years.

Or you could spend £10,000. Lose £1500 right away! and then a further £4000 in 2 years time.

So that's £5500 in only 2 years.

I know which I'd choose. (Hope that makes sense)
 
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