Spend my £10k

wonder_lander

wonder_lander

wonder_lander

Soldato
Joined
18 Oct 2002
Posts
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Location
Stone, Staffordshire
OK following on from this thread what would you buy with my £10k?

Car will be kept for 3 years and do "about 75k miles" in that time.

From my linked thread said:
I'm looking for a car that's not going to be a downgrade from the GT (so also no older than an 06 reg) but don't want another Alfa. This one has been relatively bullet proof and I'm not sure I'd be so lucky a second time around!

This will be a car to simply go up and down the m6 5 days a week but must be a good place to be for up to 3 hours a day!

If the new car reduces my ongoing costs then that is good also! It shouldn't cost more to run than my current car!

Some current stats:

1) New front tyres every year (25k miles)
2) New Rears every other year
3) Insurance Group 15
4) Tax Band G for Road Tax
5) 12000 miles service intervals
6) 44.5mpg

0-60 times aren't important, economy, reliability and comfort is the key!
Click to expand...
 
I'm not entirely sure the time is right to move on from the Alfa with that budget. £10k isn't going to get anything thats particularly premium yet much if at all newer than what you have now. Running costs with something a bit more flash will obviously rise, so effectively you are looking at regular boring 4 cylinder diesels.

Mondeo or something?
 
It doesn't really need to be premium to be honest, just respectable!

There is just so much choice but it sounds like they are all much of a muchness!

Mondeo
Saab 9-3
Volvo S40 / S60
Audi A3 / A4
I think the BMW's are out of reach at this budget so I've discounted them.

I've never really worked out what to do with car buying. I've been spoilt with company cars all my life so it's only now I need to think about how I spend my money.

Do I spend 6k on something and change it yearly, 8k and hold onto it for 2 years or 15k and hold on for 5 years!?

I am king of procrastination when it comes to any purchase. I hate car buying with a passion!
 
wonder_lander said:
There isn't anything actually wrong with the Alfa. This is a case of trading in while there is some value left in the car.
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I've never really understood that logic. A cars depreciation curve slows as it ages. You'll lose more in the next year on the new car than you'd lose keeping the Alfa for another year.
 
[TW]Fox;18408364 said:
I've never really understood that logic. A cars depreciation curve slows as it ages. You'll lose more in the next year on the new car than you'd lose keeping the Alfa for another year.
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I agree if it was all about depreciation but with age and mileage in theory repair costs increase too.
 
If it's as cheap to run as you claim i'd probably just keep it. I've just looked at the pics of it on the Motors site and I think it's a nice looking car.

I know there's the urge to swap but at the end of the day, the money isn't going to get you something necessarily better.
 
I was going to say this: http://www.autotrader.co.uk/classif.../page/2/postcode/le11aa/radius/1500?logcode=p

But how are you going to 'upgrade' significantly enough to warrant spending £10-£15k on a car without increasing the running costs somewhere?

As fox implied, any savings on being more economical WILL be wiped out by the extra depreciation of a more expensive car. Get a car you like and can afford to run and keep it for as long as possible.
 
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