Clio 197's
- Thread starter Relentless81
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[TW]Fox;17823823 said:
Fair enough but I was actually justifying why I was asking the questions about the car rather than discussing finances
You can't afford to keep your current car as apparently you have to free up the capital for a house deposit, then lumber yourself with a crippling finance deal with a miniscule deposit.
...and it is on topic
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Look, you know nothing about my finances other than the snippets of information i've mentioned, you telling me I cant afford to keep my current car is just ridiculous you are clearly trolling it is NONE OF YOUR BUSINESS
If I want to sell my car to buy a new one on tick I will do, the topic is clearly asking for info on the Renault Clio 197 so I mentioned finance in the OP and i've confirmed my place in hell
And what have I learned about the car so far, a couple of helpful posts and a derailment by the usual suspects and some jumped up troll who thinks he knows my finances because I plan to sell my car and get another on finance
I am not trolling. I have looked at what you have posted in the thread and drawn the following conclusions:
i) You're selling a reliable run around to buy a house
ii) You're wanting a more expensive car on finance with little to no deposit
Neither of the above are sensible and will lead to hardship. I honestly hope you don't do this. I couldn't care either way about your financial situation, but I know I wouldn't let a mate get into this, so I'd hate for you to do it too. My apologies if you feel this has come across negatively, it certainly wasn't my intention.
Just think about what you are suggesting. It makes no financial sense whatsoever.
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i) Yes I would like to sell my car to fund a deposit buy a house like many other millions of people have done before me
ii) Yes I would at some point (because as you've decided to not take on board, I did mention I would do without a car for a bit) to buy a car on finance with a "small" deposit my definition of small is what? You dont know do you.
If neither of the above are sensible then why did you not mention this in the Clio RS 200 on finance thread? If it will lead to hardship then please enlighten me, how did you find out my monthly earnings and how much debt I may or may not be in? You dont know do you
Finance to me is a case of dont do it if you cant afford the monthly payment, always pay a large enough deposit so there is no negative equity involved so that if you did have to sell up, you have no deficit to be concerned about
Finance exists and like many other milions of people i'll take advantage regardless of what you assume
If you honestly think this is a good financial decision go for it mate. Heard a lot of good things about 197's. best of luck
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
Surely in order for the deposit to be large enough to guarantee no negative equity you cancel out the small amount selling the Toyota will release?
There is nothing wrong in principle with either plan but done at the same time is rather difference.
Swapping a fully owned car for a financed one to give a temporary cash boost just seems insane. There must be better ways to raise a few k then that!
There is nothing wrong in principle with either plan but done at the same time is rather difference.
Swapping a fully owned car for a financed one to give a temporary cash boost just seems insane. There must be better ways to raise a few k then that!
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[TW]Fox;17824130 said:
Do we have the same understanding of what I mean by negative equity because what I mean by that is I can sell the financed car at any point and it either owes me or I break even from the point of taking the finance out.
I think you might have the 197 and the 200 confused? 197's started production in 2006, used dealer approved examples are around for £7k
The only other way to raise a few K is to save it and in my current situation I am not willing to do that as i've already mentioned it will take at least another 6 months, not a prayer!
Imagine that eh? Saving for the things we want! Why is it so urgent all of this?
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Are you for real or what? I have £0 debt I dont owe a penny to any companies or organisations. If I want to take advantage of a finance package from a dealer on an approved used car, I will do! The urgency is undisclosed and staying that way as once again ITS NONE OF YOUR BUSINESS Now troll somewhere else, obvious troll is blatently obvious
In fact how do you do this RTB thing? I really want to report your last post
Of course I know what negative equity is. To avoid it on a main dealer used car you are going to need a deposit of at least 2k. That's half the money you are likely to release from selling a 6 year old corolla.
So you end up going from a car you own outright worth 4k to a whole 2k of flat money (what's that buy deposit wise, a shed?) and a financed Clio.
On what planet is that a good idea?
Calling everyone a troll for replying to points you made in your opening post is really rather silly.
So you end up going from a car you own outright worth 4k to a whole 2k of flat money (what's that buy deposit wise, a shed?) and a financed Clio.
On what planet is that a good idea?
Calling everyone a troll for replying to points you made in your opening post is really rather silly.
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Theres taking things on the chin and theres taking grief off a jumped up troll the latter i'm not particulary impressed with as the chances are he wouldnt be asking these things face to face but on the internet its ok isnt it
[TW]Fox;17824299 said:
I didnt ask if you knew what it was, I asked if you knew what I meant by it and you do.
You've missed some important things here and I think thats through selective reading and chosing to ignore them for the sake of confrontation. First off, much to your delight I am going to say my car is worth more than £4k, come back with a comment on that after you've searched auto trader, ebay and PH for 2005 Corolla T-Sports with 55k miles and full Toyota service history and one previous owner in imaculate condition, yes there are cheaper examples.
Secondly i've mentioned numerous times to the point where its getting to be a joke that after i've sold my car and bought a flat I wont be driving for a bit so selling my car has nothing to do with buying a new car at all, i've already mentioned its to use as a deposit
Thirdly i've already mentioned (sick of repeating myself) that the point in relation to finance in the OP was to justify why i'm asking the questions and not yet buying, theres nothing wrong with buying a car on finance, you know it and the troll knows it. I clearly did not ask for financial advice
Its a good idea on my planet
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There is no shame in saving up mate. I had to, and am a better person for it! I just worry that you don't understand what you're getting youself into. Be that as it may, I won't comment in the thread again if you would prefer it. I would again say that I am no troll, and have only used info you have posted in this thread.
For the record - I would ask it face to face!
For the record - I would ask it face to face!
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I am fully aware of what i'm getting myself into, if I was going to put down a £500 deposit on a £10k+ car over 5 years on some crap finance package then i'd agree with you but i've gone into great detail now as to why thats not the case yet people are choosing to ignore it and believing what they want
Anyway, I asked for some basic information about the car, i'm just curious, all these comments have been ignored in my OP for the sake of confrontation, I might not even like it, I havent even sat in one for christ sake!
I'm glad you'd ask face to face because most of the time I picture know it all geeks who wouldnt say boo to a goose in the real world
I'm not sure about this. I recently did something similar selling my car to free up £4k for my house deposit. Obviously that was slated as £4k seems to be grow on trees in ocukland. So I can understand that part of your idea, it's just the next part at spending even more on another car.
The whole idea of a Renaultsport Clio to me
is for it to be fun to drive. They don't look particulalry nice so you don't expect anyone to even look twice at it unless they are a into cars, they aren't nice places to sit but they put a big smile on your face for not a huge amount of money. It's the kind of car you don't really want to be spending a large amount of money on IMO. So getting a 197 on finance when you could spend £3000 on a decent 172 and have the same amount of fun wouldn't be my choice.
Not trying to lecture or get onto your finances as I've had that loads on here just putting a suggestion forward
The whole idea of a Renaultsport Clio to me
is for it to be fun to drive. They don't look particulalry nice so you don't expect anyone to even look twice at it unless they are a into cars, they aren't nice places to sit but they put a big smile on your face for not a huge amount of money. It's the kind of car you don't really want to be spending a large amount of money on IMO. So getting a 197 on finance when you could spend £3000 on a decent 172 and have the same amount of fun wouldn't be my choice.
Not trying to lecture or get onto your finances as I've had that loads on here just putting a suggestion forward
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Not trying to lecture or get onto your finances as I've had that loads on here just putting a suggestion forward
No I actually really appreciate your down to earth educated post, thanks. I agree on your comment about the value of money here too, it really winds me up how everyone is supposed to be loaded!
[TW]Fox;17824507 said:
How much would you expect it to devalue in 8 or so months? 55k is projected mileage
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