Car finance... what would you do?

Believe my current Focus Titanium 1.6ecoboost is £205 a month w/ £3k deposit over 36 months. They give you the option to change after a year however. 10k a year I think I have it down as.

Sorry of this sounds rude, but did they see you coming? You can get a 4 series BMW for less than that. All in that is £10,175! :o
Not that I am saying a 4 series is any good mind. :)
 

I'll have to drugde it up, but in the mean time here's a another similar deal, works out at £300ish per month, after dividing the deposit up.
LINKY

I'm not saying that is a great deal, it's just comparable to the price of that Focus thingmy bob.

Or HERE is an Audi A4 type car, £141.60 per month, plus £1275 up front.

Again there are loads of deals, and they change daily.
 
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Forget finance - buy a decent reliable car outright. My focus is 15 years old and *touch wood* it's been 100% reliable and just needed a new battery, bulbs, tyres, cambelt and exhaust in the 6 or 7 years I've had it and costs bugger all to run. It's crap but works. I'll get another decent 'fun car'.
 
The problem with things is that with everything, there are always things that go wrong.

I bought a new Hyundai i10 a couple of years back for £7k (10 miles on the clock when I picked it up), 30k miles later and I've seen no problems.

I've got a friend with a similar age focus that's been back more times than I could count, there's always something going wrong with it (1/2 chargable 1/2 not). It's annoying luck of the draw for some of the time.
 
Forget finance - buy a decent reliable car outright. My focus is 15 years old and *touch wood* it's been 100% reliable and just needed a new battery, bulbs, tyres, cambelt and exhaust in the 6 or 7 years I've had it and costs bugger all to run. It's crap but works. I'll get another decent 'fun car'.

This was my thought.

Maybe not the simplest way but

Sell car privately and settle finance
But 5k focus
Bank the £300 a month you would have spent on a lease for servicing/repairs/MOT and replacing it in the future
 
Forget finance - buy a decent reliable car outright. My focus is 15 years old and *touch wood* it's been 100% reliable and just needed a new battery, bulbs, tyres, cambelt and exhaust in the 6 or 7 years I've had it and costs bugger all to run. It's crap but works. I'll get another decent 'fun car'.

Agreed, i spent £1400 on a Mondeo 5 years ago, I don't spend £300 a year on it never mind per month. I can't imagine having to fork out that kind of money every month just to keep a car on the road!
 
I went Japanese and haven't looked back. I asked an AA guy what cars he has to fix on the roadside least and he said Honda. So I bought a civic 2nd hand for 6k and, touch wood, it's not had a single problem in 40k miles (and I really rag it) and is a fun drive. Their main foibles are water building up in the doors and rust along the skylight, neither of which have been a problem for me.
 
Skoda are doing some decent 0% finanace deals at the moment on new cars if finanace is for you. I was reading a pamphlet when sorting mine and it looked a decent deal. They are also giving £1k towards the car and £500 of free fuel...

Could be worth a look.
 
Skoda are doing some decent 0% finanace deals at the moment on new cars if finanace is for you. I was reading a pamphlet when sorting mine and it looked a decent deal. They are also giving £1k towards the car and £500 of free fuel...

Could be worth a look.

They have inflated prices to cover that £1500 so don't expect that to be a deal breaker.
 
Honda civic

I went Japanese and haven't looked back. I asked an AA guy what cars he has to fix on the roadside least and he said Honda. So I bought a civic 2nd hand for 6k and, touch wood, it's not had a single problem in 40k miles (and I really rag it) and is a fun drive. Their main foibles are water building up in the doors and rust along the skylight, neither of which have been a problem for me.

^^^^^This 100%.

Honda Civic is the 13th most reliable car you can own. ;)

We have done 30k on a 07 plate so its approaching 70k.
Wipers, bulbs and brakes that's all we have needed in 5 years.
About £300 maintenance in 5 years. :D

Might get the civic estate this year not sure yet. :confused:
 
They have inflated prices to cover that £1500 so don't expect that to be a deal breaker.

I have no idea about finance but I got a decent deal with mine. They were far more willing to discount and offer extras than most other main dealers.

It could be worth a look for the O/P they might offer something he likes.
 
I have no idea about finance but I got a decent deal with mine. They were far more willing to discount and offer extras than most other main dealers.

It could be worth a look for the O/P they might offer something he likes.

Yeah that's fair enough, I just sometimes see people say this OH WOW 0%, then pay £14k for a Vauxhall Corsa.
 
Forget finance - buy a decent reliable car outright. My focus is 15 years old and *touch wood* it's been 100% reliable and just needed a new battery, bulbs, tyres, cambelt and exhaust in the 6 or 7 years I've had it and costs bugger all to run. It's crap but works. I'll get another decent 'fun car'.

This is the correct answer. Buy an old focus outright with the money made from the sale of your vauxhall. Save monthly for another similar purchase when the old one finally goes bang.

Bangernomics. It works.
 
[TW]Fox;29078865 said:
I can't understand how people can not understand that a car loses money and all these options are simply different ways of paying that loss of value on a monthly basis.

I generally believe that unless you get an exceptional deal, leasing is over-rated and the most expensive option but it's not as if buying it yourself is free, is it? A recent model Focus is going to lose thousands of pounds a year, its just up to you whether it's your thousands of pounds a year or somebody else's who you pay monthly for the privilege.

I think the best value option is to purchase a 1 year old Focus and bin it at 3. This will likely give you the lowest monthly TCO. If you can't afford a 1 year old Focus then a personal loan has never been cheaper.

Yes a car has depreciation, but not to the extent of what you will potentially loose from leasing. At the end of it, you will always have either:

A) A car on your drive
B) A sum of cash from selling your last A
 
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