20K Budget on a brand new car.

I bought a new KTM a few years ago sure I could have bought a cheaper secondhand one, but sometime you can't beat the feeling of knowing you are the only person to have ridden it plus you can run it in how you want, this can apply to cars as well.
OK you lose money but so what what, you only live once can't take it with ya
 
I bought a new KTM a few years ago sure I could have bought a cheaper secondhand one, but sometime you can't beat the feeling of knowing you are the only person to have ridden it plus you can run it in how you want, this can apply to cars as well.
OK you lose money but so what what, you only live once can't take it with ya


#yolo

There's your answer OP. In fact why not take out 5 loans and buy a brand new 7 series. You only lose money!
 
As far as what car threads go, this one's ridiculous. 20k and comfort over performance....

No it isn't, it is however ridiculous to assume that everyone who has 20k to spend on a new car wants to be a boy racer.

I don't think my username has helped matters.
 
Please buy a Fiesta ST. The more there are, the cheaper and greater selection I shall have when I come to buy one in 3 years time.

Thanks
 
If your buying with cash, go pre-registered. Probably a new car, registered by the dealer for bonus purposes. You can get a 6 month old BMW 3 series with under 2k on it for your budget.

Alternatively, negotiate a pcp deal. You often get a couple grand off a new motor when financing this way. Then pay it off 1 month later. I got 10k off my current 5 series doing this. I really doubt I'll have much negative equity in this car.

German luxury motors are the most competitive in the pcp stakes, due to higher residual values. I pay as much per month for my BMW 530d msport as I was quoted for a mondo estate. The merc e class was even cheaper. Not much use if your gonna pay off the balance mind.

Personally, I would throw the 20k at a mortgage, and pcp a new car though. If you can afford to save 20k, you can likely afford the payments on a 20k car.
 
#yolo

There's your answer OP. In fact why not take out 5 loans and buy a brand new 7 series. You only lose money!

Who mentioned loans I paid cash for, never said anything about getting in debt.
Just the fact if you can afford it, why not buy new.
It's a nice feeling having something shiny and new.
 
mondeo titanium x business edition 18k new car discount job done.

I did 800 miles in of these last weekend. Nice car, satnav felt like it was from 2002 though (Seriously, of all the fonts to pick they used Terminal?!) and the privacy glass was horrible.

Fuel economy wasn't brilliant either. Couldnt crack 50mpg on an entirely motorway journey,
 
Just the fact if you can afford it, why not buy new.

Because generally speaking unless you can afford to literally throw your money into the toilet and not care, whatever you can afford new, you can more than likely afford something better second hand.
 
You say you have saved for years, yes?
So does it not make you mad to think that as you drive it of the fourcourt on a 20k car you will instantly loose 3-5k?

You've worked hard to save the money, so why throw it away so easily in depreciation?

Buy an 18-24 month old car, it will still come with a new car warranty which can be extended except you could get yourself something really nice that would have being 30-40k when brand new or you can buy a 20k car for like 12-15k.

Why do you feel the need to buy new, its just a 20k car, the spec you want and the car you want will be available used.
 
^spot on gibbo. Would be looking for a car that is about a year to two years old personally but each to their own.

Can only agree (I'm way too tight to buy new anyway :o )

However if we all thought like that then the second hand bargains wouldn't exist.

For 20k I'd be looking at a Jag, can get a nice XF for that money if you are prepared to go second hand.
 
I'd say go for a 2012/2013 Jaguar XF.

It's divine and gives both performance and comfort in any of the models. Just get one with a Sport package so you get the nice 19" rims and not the horrible 17" ones.

By the way is it just me or is the maths on Santander car loan off? Shouldn't it be 788/month assuming it's equal payments each month? No idea how the interest is only 1,500 for 3 years even if it was calculating on a reducing balance :confused::confused:
 
[TW]Fox;26136152 said:
A 2013 XF for 20k? Do people ever check the market before making recommendations?

I would go for a 2012 911 Turbo.

I think my mind was more on the issue of the maths with the Santander website than OP's question lol.

You're right, I'm not sure if he'll get a 2012 XF for 20 here. They depreciate a lot faster in Dubai which is where I was thinking of - still having a hard time adjusting back to the UK lol (easily get a 2012 fully loaded for 18-20k there).
 
You say you have saved for years, yes?
So does it not make you mad to think that as you drive it of the fourcourt on a 20k car you will instantly loose 3-5k?

You've worked hard to save the money, so why throw it away so easily in depreciation?

Buy an 18-24 month old car, it will still come with a new car warranty which can be extended except you could get yourself something really nice that would have being 30-40k when brand new or you can buy a 20k car for like 12-15k.

Why do you feel the need to buy new, its just a 20k car, the spec you want and the car you want will be available used.
+1,

Do a small research on what cars you like, then once you make a decision see what the dealer (ford, audi etc) has to offer. My neighbor saved a lot of cash by buying a second hand 3 year old Honda, he brought it up to Honda dealer for a check (he did this before buying by the way). The car classified for their warranty and now he paid 1k straight away for 3 years. But because honda classified this car as good running, if anything brakes they'll do it under the warranty. Although, I don't know the whole story, but its always worth a try to find out if the specific car dealer has something like this to offer.
 
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