![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
Err cruise control is pretty much a must have, it's hugely useful in many situations. Nothing particularly thrilling about the 'driver being in control of the machine' on the local Motorway.
Buying VW advice!
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Err cruise control is pretty much a must have, it's hugely useful in many situations. Nothing particularly thrilling about the 'driver being in control of the machine' on the local Motorway.
Soldato
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[TW]Fox;14202622 said:
Agreed I would never have a car without cruise control if you spend anytime on the motorway. It is a easy retro fit on the Scirocco it is cheaper to get the dealer to add it than spec it from the factory. (£215 vs £150)
The Scirocco is a good car and compared to the MK6 GTI a bargin. I had a MK6 GTI demo car and it was spec'd to 29k crazy money for a Golf. THe Scirocco will also hold its value well I would expect 5 year old models will still be going for around 10-11k. Another plus point as of last week the Scirocco now comes with the MK6 Golfs dash, aircon controls and MFSW which are nicer than the outgoing ones.
If it was me buying one I would spec Xenons and the Sat Nav unit which is superb. I expect these will be saught after extras when you come to sell it.
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Hey guys,
Thanks very much for the advice. I definately agree about the cruise control, my mums car has it and its a god send sometimes, £150 is no bad price for that. As for the Xenon lights and Sat Nav, I see your point, but im not that fussed since were talking £2300 for those. I wouldnt care much about the lights and I would hardly use the sat nav, when I come to sell it down the line I dont think I would get that money back. Im trying to keep the costs down where i can because my mum is paying towards the car too and I dont want to hike the price too much. Much appreciated comments though, anymore welcome.
Hawker
Thanks very much for the advice. I definately agree about the cruise control, my mums car has it and its a god send sometimes, £150 is no bad price for that. As for the Xenon lights and Sat Nav, I see your point, but im not that fussed since were talking £2300 for those. I wouldnt care much about the lights and I would hardly use the sat nav, when I come to sell it down the line I dont think I would get that money back. Im trying to keep the costs down where i can because my mum is paying towards the car too and I dont want to hike the price too much. Much appreciated comments though, anymore welcome.
Hawker
If you are in the business of buying £20,000 cars are you not a bit old for your Mum to be helping you out
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I only ever use my cruise contol through SPECs cameras, never on the motorway. Whilst that's what is was made for it's actually relatively difficult to maintain a constant speed on the motorways I generally use.
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[TW]Fox;14205479 said:If you are in the business of buying £20,000 cars are you not a bit old for your Mum to be helping you out
Well if you must know she wants to pay towards it since ive just got through med school and instead of wasting my savings I used them to pay off my student loan :S.
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Wish my mum would do that!What on earth made you do that, given the interest from your savings was greater than the interest on the student loan
Maybe get some financial advice before making big decisions?
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Errr the fact that the current interest from student loans is about 3% and my bank is giving me about 1% in my savings account. It didnt make any sense to me when they told me that but thats what they told me when I spoke to them so I decided to pay it off. Besides, why would anyone stay in debt longer than they need to?
Fox is right, the interest on a Student loan is so minimal you would be foolish to pay it off like that, keeping the money in an ISA or 'good' savings account or even premium bonds would be a more financially prudent thing to do now. I wouldn't pay any of that loan back until you are forced to, when you start earning, and only then the minimum amount as required.
I know that hasn't got much to do with your thread topic, but since you revealed such details I feel that I should point this out to you, incase you did not realise. Or if you are one of these people that just 'hate' hate being in debt, even though it's hardly a 'real' debt then hopefully my advice might jolt some sense into you
Just so you know, you could buy a 2005 Porsche Boxster S for that amount of money if you look hard
...or a Vauxhall VXR8 that's a couple of years old, maybe even 2008 actually (that's a 6.2 litre V8) Food for thought anyway, but it sounds like you have already decided what you want.
I know that hasn't got much to do with your thread topic, but since you revealed such details I feel that I should point this out to you, incase you did not realise. Or if you are one of these people that just 'hate' hate being in debt, even though it's hardly a 'real' debt then hopefully my advice might jolt some sense into you
Just so you know, you could buy a 2005 Porsche Boxster S for that amount of money if you look hard
...or a Vauxhall VXR8 that's a couple of years old, maybe even 2008 actually (that's a 6.2 litre V8) Food for thought anyway, but it sounds like you have already decided what you want.This isnt a 'fact' at all, the current interest rate on a post 1998 student loan is 1.5% and has been for a while now. It staggers me that people make major financial decisions without doing any research first. There was a time when it was 3%, but of course back then a good savings account would yield even more than that, which of course is only logical given the interest rate of the Student Loan is purely inflationary.
There are numerous places to put your savings which will yield in excess of the 1.5% interest rate of a student loan. Paying off the loan is a financially poor decision, but then so is buying a brand new Volkswagen.
Because you are worse off now than you would have been had you not paid it off. Bad debt is bad, managed debt is not an issue.
A parting thought for you - as of September 2009 the interest rate on a student loan will be ZERO %. Thats right, 0%. No interest.
Why people seem so desperate to set fire to money by paying them off continues to elude me.
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Fox, yet again the voice of common sense.
As said by Fox, just a truly epic failure !
I have an ISA at 3%, plus regular savers accounts earning 5% and 6%. It really isn't that hard to do some research, and you have wasted a good whack of your savings paying off the loan where the interest is minimal now, and will be non-existant by Septemeber this year !
The only slight positive is that you're rid of that shambles of a company.
Back to the car, the scirroco is a stunning motor, enjoy it if you get one !
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Well thanks for the advice, but its done with now. I know a few people who have had managed debt which due to certain circumstances has become very bad for them. And my view is that if ive got no debt it cant become bad. Im not that worried about making a bit more money in the long term, the peace of mind of having no debt is worth that cost.
With regards to buying a new Volkswagen, I see what your saying, buying new is never the best idea, but with the scrapage scheme I couldnt get a second hand scirocco much cheaper. This way I get the spec I want and the pleasure of having a totally brand new car. In my family we always keep our cars till they start breaking down (10 years+ and given VW reliability this may last longer still) I dont intend to buck that trend so getting what I want from the outset is a price im happy to pay.
Hawker
(PS my corsa is not going to be worth more than £500, thanks to my mums horrific "I didnt notice the central reservation episdoe")
With regards to buying a new Volkswagen, I see what your saying, buying new is never the best idea, but with the scrapage scheme I couldnt get a second hand scirocco much cheaper. This way I get the spec I want and the pleasure of having a totally brand new car. In my family we always keep our cars till they start breaking down (10 years+ and given VW reliability this may last longer still) I dont intend to buck that trend so getting what I want from the outset is a price im happy to pay.
Hawker
(PS my corsa is not going to be worth more than £500, thanks to my mums horrific "I didnt notice the central reservation episdoe")
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Irrelevent really, student loan isnt like a finance company breathing down your neck. The student loan man doesnt bang on your door to take your furniture away if you dont pay, etc etc, but hey.
Just do a bit more research into the brains behind buying a £20k VW than you did for your student loan repayment.
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[TW]Fox;14206209 said:
What would you suggest then?
Hawker
Well the obvious choice is, buy something other than a Sciroco at this point in time, but if you really want one badly enough to spend 20k on it, then I guess you don't want to do that. I'm also pretty sure that you will get bored of it long before 10 years, I give it 3 tops
If you absolutely must have a Scirocco wait a bit because 6-12 months after launch (Not long now, when did it come out again? Must be almost a year?) the VW dealers will begin to get ex-VW stock - quality, perfect nearly new examples for less cash.
Otherwise a Mk5 Golf GTI is basically the same car for half the price.