Same old OCUK, full of reasons not to do something.
If our OP likes the VXR there is little point trying to change his mind or outlining why he shouldn't like it. I have actually driven one and thought it was a cracking little car for what its worth, I can see the appeal of the thing. Nice to look at, nice to sit in, nice to drive.
New cars are something you will pay a premium for, accept it and move on, some people just want to drive a new car out of the showroom, its a great feeling, and most who do so appreciate they will pay a premium for doing so. If everyone stopped buying new cars, how would 90% of you ever get into a car? We know it is not the best financial decision, but if every decision we made was based on finance would there be an OCUK. Its a personal decision that is made more by the heart than cold hard financial logic, just like spending twice as much to get a 5% performance increase on a PC part.
Finance wise, and based on the small amount of the load there is not much in it.
8K over 48 months @ 7% APR = £191.57 per month
8K over 48 months @ 11% APR = £206.76 per month
So not a massive difference, £729 over the period of the loan, or £3.50 per week. Now this should not stop you pushing hard for better money, and a bank loan should be the route to take.
You will loose money on it, it will depreciate, it wont be the best place to put your money over the next 48 months, but it will probably put a big smile on your face for personal reasons that we won't understand. If you like it, if you want it, if you can afford it go and buy it is what I say. Mind you, don't come back here and post pictures because everyone will tell you what you should have bought instead
