While the finance calculations dont stack up in essence i agree with Benneh, he probably will get bored of it in 18 months and will have lost a load on the finance. He should combat this by taking out a couple of k in finance and getting an older model of the same car.
Do i dont i....
- Thread starter Lord-Jaffa
- Start date
Ha, tis true
, but 7k is steep, I'm just saying, if he waited a bit and bought it outright he could sell it after a year or so and not really lose anything. What are you trying to show, that you initial comment was complete drivel?
Well, half and half
, finance is ftl ultimately, as sub-prime lending/economic nonesense have shown, but none the less."Yeah because a £15k S2000 is going to be worth less than £4000 in 18 months.." - Well, I should have said 3 years lol, in which case he does stand to lose 7k + servicing, tbf.
"If you are only getting a loan for 50% of the value of the car then the car is never ever going to be worth less than the remaining amount on the loan"
- How does that work?, when the value of the car changes constantly (decreasing).
Who knows. Debt sucks though basically, compared to buying outright, that's all I'm saying. Finance is great, and it allows you to have nice things that you can't afford straight away, but ultimately it's a big chain around your neck, tying you to a depreciating motor.
Caporegime
- Joined
- 18 Oct 2002
- Posts
- 31,192
I'm in a similar situ atm, do I get an FD2 or keep my S. Do I really need a convertible etc etc.
Have sounded out the possibility just to satisfy my curiosity
Have sounded out the possibility just to satisfy my curiosity
Not really - you can sell a car and pay off the loan, its not really a finance scheme like the ones where your tied in for x years
Soldato
- Joined
- 2 Mar 2004
- Posts
- 11,919
- Location
- SE England
Was a great buyer's guide in PPC recently that'd be worth hunting down if you were so inclined
I have it, I think, so could scan it!
I have it, I think, so could scan it!
Soldato
- Joined
- 5 Jul 2007
- Posts
- 5,511
- Location
- London
I do quite like DC5s but it would have to be white and with no silly spoiler
Are they RWD?
umm, NO.
In response to the OP chappy, I'd probably go for a slightly older one. Lots less money so you can go on a trip to Baghdad as well. It's always luck of the draw to some extent, in that you don't know for sure how it's been treated throughout it's life etc. Try and find a one previous owner one? I don't know and will stop before I ramble more.