THE 50K CHALLENGE: NEW MUSTANG ON THE WAY, BUT WOULD 50K BE BETTER SPENT ON ANOTHER MARQUE?

I just cannot see the point in dropping £50k on another car. He has a track car and a very capable daily driver. I say wait it out until something special comes out. Some great suggestions in this thread however though if he has a itch to scratch with something shiny shiny spend less and get something with bonkers power.

R34-GTR.

You do realise I've already have had an R34 GTR UK Vspec stage 1 420HP some years ago. :)
Nice car but the Golf R is quicker.

I want in a car is great looks, presence, epic sound, fun handling but also very capable and something very fast that is nice to drive daily and reliable, plus has to be an automatic. Ideally costing under 60k !

Hence new Mustang or used F-type R AWD are the two favourites right now, more stuff to test though. :)
 
What sort of power is the golf running at then/ what other mods have been done to it?

Catted downpipe, panel filter, ECU & TCU remap, it made 370HP / 390lb/ft, cost £1200 to do so amazing bang for buck tuning performance. :)


I think Gibbo's main issue will be finding something significantly faster and more stable than a modified Golf R for his budget.

The Golf's point to point performance is simply amazing, I've owned some nice cars but nothing would live with this point to point on a country lane, on a track it would be different but as a road car its about as good as it gets.
If I could get a car that can get within 90% of the Golf point to point I've be over the moon as for me the golf lacks presence, theatre and some playfulness so faster is not a priority, I'd sacrifice some low down acceleration for better top-end thrills, the Golf is quick up top but so seamless once your in 4th gear the rush is over and it just feels flat, though it pulls to 130 very fast, not being any quicker in it yet, but I suspect it will pull to 160 pretty easily.
 


You see that is the one strength something American has over me, I can mod it, truly make it my own and truly love it and want to keep it.

That is my slight worry with an F-type, can't particular do much modding wise to it and probably would not as Jaguar do not strike me as the friendly company when it comes to modifications and when things break on a 100k car, wallet gets destroyed quickly. But I do love the F-type and I never see them on the road and yesterday driving around in that F-type I had two completely randoms whilst I was driving start chatting to me. One was a guy at some traffic lights, who said I've seen a few of these before, but never one driven like that, well done and kudos to you for pushing it and it sounds amazing mate. The second was a young girl who could not get over how gorgeous and sexy it was and just wanted to ask about the car. It got a lot of attention on the road, but it also seem to create some jealousy amongst a couple of drivers or they just did not approve of the pops and bangs which I became addicted to doing.

Going to get myself in an AWD V8 as soon as I can, if it can put power down, feels more stable at higher speed and properly feels like its accelerating hard will be hard for me not to get one, but I've said to myself in order to really want to keep the car it has to be in a good colour as such firesand orange, electric blue or maybe white, though not convinced on white but it does seem to work on F-types. :)

I did really love the thing I hated at high speeds, but was how playful and progressive the chassis was at low speeds, if the AWD model keeps some of that character but more stable at speed, well that makes it a great fun road car and quite a capable one.
 
Mclaren 3.1 seconds to 60. Meow

This might sound crazy, but you will notice the crazy super car stuff does not really interest me, maybe its because I am still under 40, maybe something like that will be my mid life crysis, who knows but at the same time I don't want crazy finance because I often go away for holidays and party pretty crazy haha and having a huge chunk of my income tied up in car finance I do not like the idea off.

I will admit I do like Mclaren but I don't really see myself in one if that makes any sense. It is like I look at GTR and I think that car pretty much ticks every box for me, but for a reason I cannot really pinpoint I don't wish to buy one even though I really like them.
 
Verging on being common as muck down here :(

Don't see many Mustangs, F-types or 911's up here on my trips. See lots of Golf R's, Focus RS, Boxsters, C63 AMG's, A45 AMG's, TT's, XFR's and even odd Mclaren and nearly all are in boring colours apart from the Focus RS, plenty of green and blue ones around here.
 
But... GT3

Yes, got a lot of thinking to do, maybe do as some say, hold onto the Golf for longer and then just buy something crazy or the car I truly want, GT3.

I suppose with a GT3 I could even let the M3 go, though the idea of letting M3 go is not something I really wish to do.
 
GT3 for me has to be yellow or orange and a 991. Found a yellow for 125k, but 125k, jesus christ over 100k on a car, the only upside is probably not lose any money, but the thought of spending more than 70k I did not like, the budget just went up another 50k, cannot really stomach that.

I don't know maybe I just like buying a car and actually knowing it is mine, I own it, no one can take it away, the idea of having nearly 50% of a car on finance seems crazy, the idea of spending more than £500 a month also seems totally crazy. Ah maybe, its not a impulse decision need to think.

I am annoyed at myself really for being so picky with cars, but its gotta be something I love, right colour, right performance and fun to use daily in all driving circumstances.
 
They do reasonable balloon payment options.

£50k down, £50-70k balloon means you will be left with a small monthly.

Less than £500/month for that sounds possible.

And if that’s your dream car, even if you can buy other things outright with cash, it will still be a compromise and you’ll be wishing and waiting to get the gt3 you could have afforded already.

Never done that.

So say I got a GT3:

50k down, I pay 3yr £500 a month and then I owe £60k 3yr later. What happens if I just want it gone and don't want another Porsche. Do they just have the car back and I get ZERO, or if I have 70k in the car and it is still worth what I paid, do I get my 70k back?
 
Your all going to hate me, but this whole balloon idea just has me thinking of getting the SVR Jag, there is just something about the car I really like, maybe its just it kind of feels like driving a yank muscle car in a way, its almost like a British muscle / sports car.

Based on what people are saying I could just say:
40k down
20k over 2yr
20k balloon at end

With the SVR and only 20k at end be happy to buy it and yes based on getting one for 80k. :)

I think 600HP would keep my happy. :D
 
barmy if you drop 80k on that pal.

If its still worth 80k in a year or even 75k I'd be happy, if it drops below 70k, that I do not like sound off, that is main reason why I am considering cancelling the Mustang, as I just don't like the idea of loosing big money in depreciation and to me to loose over 10k a year is big. Problem is I've not being following Jaguar prices and SVR model for long enough to see if they have began to level out or not yet or if they are still in free fall.

On the plus side, the SVR models are not in too short supply so they will still be for sale in another 3-6 months time and will still be around 80k or less.
 
Not quite, he's still suspended from his earlier outburst. I don't believe motor access has been removed, though it's a possibility. :)

You're mad for dropping 80k on a jag, on a balloon payment. With how quickly you swap your cars, you'll only lose out in the long run imo.

Maybe, they are getting the car for me to test drive. The balloon payment I shall keep under 20k, so its not a huge amount of cash to stump up in a couple years time if I want to keep if I go ahead.

I am trying to not rush into anything as plenty about and I want to see if they continue falling in price, but as a good friend said, if you keep it then it does not matter so much.

Yes I change cars a lot but some I've kept for very long periods, 911 (nearly 5yr), original Mustang (4yr) and my M3 I've had now for quite some time, must be 4-5 years. :)

Also I think with my original Mustang if it had not had the two weaknesses it had, auto and wet handling I'd have kept it as I really did love the car, people diss Mustangs, but it generally comes from those who aint owned them and I remember when it was first announced all the naysayers saying it will fail, yet it succeeded and did so hugely.

But I won't lie I really like the Jag, it is shouty and loud like a Mustang, its got a fantastic auto and AWD (RWD biased) which really solves the issues I had with my Mustang, only real downside, double the price because someone here at work showed me SVR, I hate that person. :D
 
I've done some thinking and need to do more thinking.

Will drive the SVR, if it blows my socks off, I will sit and watch their values for a few weeks/months. 80k is over my budget by 20k.

Also depreciation is a worry, but I suppose only if I decide to sell it but it is definitely a consideration.

To my having so much in finance/balloon seems a bit crazy, I know for some people financing a car so heavily might be the normal thing to do, but for me its not and even though a GT3 could be done, I'd be talking another 60k on top of the Jaguar, that is a huge amount more and the only positives from it is yes a GT3 is likely to not change much in value and yes it is a dream car. But in fairness to the F-Type it was great fun and with a big loud V8 and AWD it might be a very capable and fun road car then I thoroughly enjoy.

Also as we are now talking 80k, please feel free to show some other possibilities, though not sure much out there, seems the next step is 100k plus and I simply just don't want those levels of finance, it might sound stupid but if I buy a car I want to do that, BUY IT, feel like its mine and not that I only own a 3rd of it, I need to be owning over half of it from day one and as such the absolute maximum cash value I want to dropping on the car is 40-50k. 20k finance is fine, this was why my budget was 60k, 40k plus 20k, but I do not mind a 20k balloon at the end or however it works out. So 40K down, 2-3yr monthly payment, plus 15-20k balloon or there abouts which makes 80k car more possible with no crazy balloon at the end.

Though Jag guys were saying to switch it around, lowest monthly payment, biggest balloon, to which I argued surely means I just pay more interest which they said would be the case.

I've also spoken to a couple of guys I know who specialise in car finance as Jaguar list at 8.9% and said they'd do me a good deal at 7.9%, LOL, to which not too impressed by. But no rush, need to digest it all and drive the SVR first to see if I really love it.

As 80k is also R8 V10 S-Tronic money too! So must not jump to quick, give it some thought and enjoy the Golf. :)

Though anyone wants a Golf R 3DR Lapiz blue, could be for sale sooner than expected. ;)
 
You pay interest on the total amount borrowed which includes the balloon?

Correct, what Jaguar told me anyway.

Is the SVR going to be worth only 40k in 3yr? Even the first edition RWD 500PS convertibles are still selling over 40k and over 3yr old and they are not special or limited edition.
If its going to still half in value that really puts me off. :(
 
Hi there

I think what I am going to do, is advertise the golf once M3 is back, it is nearly done, unless one of the work guys grab it.
Monitor the SVR and R AWD prices an have a large chunk of cash at the ready to pounce and to be aggressive buyer, in short try to get an SVR at 75k or a ginger regular R AWD at 60k, the more aggressive I buy one, the less the depreciation is and by sitting back for a few weeks I can judge if cars are just sitting around or actually selling, giving me more buying power and waiting for end of month/quarter to pounce when sales guys want to max their target/bonus.

Then think its best I put a good chunk down for whatever I go for, 40-50k, then remaining 20-30k on finance over two years with a balloon to keep monthly payment down. Speaking with a car finance company tonight who give better rates advice me that Jaguars are indeed one of the highest risk cars depreciation wise, as such they did advice if buying a regular version (none SVR) to try to get one 2yr-3yr old as they get hit hardest in first year. He believe a regular R purchased at 60-65k now around 1.5-2yr old would be worth around 45-50k in a further 2yr at which point he expects to be bottom, he said the coupe and AWD are more desirable as such hold value better. An SVR model is different and that in 2yr really a worse case example would be 60k and could still be at 65k plus I was advised.

Of course he did say a Porsche GT would eliminate risk of depreciation, but did also say any good GT3 is around 140k which is a big difference than 80k and he could not comment if he believes the prices will increase further or not.

Gonna look at other cars in this price region too and test drive, then as crazy as it sounds like today, a brochure turned up for the new Mustang from dealership I've ordered with.

Then I watched these videos:




They do shift very well indeed and the SVR seems much quicker off the line or it just got a good launch.
 
OK man chat tomorrow. :)
P.S. Are you saying your R8 is only worth 69k? I can't see that, S-tronic none plus models are all above 70k
 
A dealer offer me 72K for it with 8K on the clock about 12 months ago...as an example. I told them to go bum a cat as that was mad money.

Really had not realised, had a look around last night, 2013/14 S-tronic V10's are now hovering around 65k with Plus models around 70k so you are right, they have certainly come down. But if your keeping it then like you said and a few others have told me, do not worry about it, enjoy the car, at some point it will bottom. As the older V10's all seem to be above 50k, it does seem like the scraps of the barrel of still hovering around 50k so I suspect 60k is the bottom to buy one, obviously to sell one who knows if taking easy route of dealership.


Really given it so much thought and all I can consider:

- New Mustang @ 49k, maximum of 10k finance and just regular finance or bank loan at around 4% for 24 months. I'd spend around 5k on it, a bit extreme and a year later with my spend on it I'd estimate value at 40k, so all in all a 10-15k ownership cost. Interest cost would be minimal, about 1k as I'd pay it off within 12 months anyway.
- Jag SVR @ 75k (going to just offer 75k and stick to my guns), Maximum of 40k finance, 3yr with balloon. I'd spend nothing on it, because nothing to really do and I'd not want to have any issues with warranty, my only cost would be consumables, servicing and warranty extension in 2019 to maintain value and cover cost of any expensive failure. In a years time I suspect it would be worth 70k, 2yr 60k and in 3yr 50-55k looking at the values of the not so special regular V8 models. The SVR has a lot going for it to help value, crazy high buy price, coupe, AWD and flagship model which are rarer, sold in less numbers.
- 991.1 GT3 @ 125k, found a nice yellow one, a few for sale at 115k but they are all white and I do not like them in white, looks a bit boring. I'd increase deposit to 50k, but that is then 75k on finance which to me seems outrageous and I really dislike the idea off, but will chat with Housey and some others later to see how other people do this. The plus side is in 3yr time it should still be worth over 110k, might even hold its value but of course I will put plenty of miles on the car, talking 6000-10,000 per year which may not sound a lot but on expensive machinery its generally more than normal.


Mustang: I am a fanboy, you all now that, I've always liked them and they are typical a very capable GT handling level of car, the new one will be handling wise pretty much on a similar level to a regular M4 if you option the mag ride type stuff but it has a far better engine, that has character and loves to rev and sounds a million times better. It is a car that gets Ferrari levels of attention, but not the jealous type and they are really nice place to be, even if a bit on the cheaper side but the actual cabin and infotainment system is nice and excellent. It is pretty quick too 0-60 in 3.9, 0-100 in 8.5 and 1/4 in 12@119 so it is by no means slow and it is modding friendly. Handling awesome in dry, a bit of a lemon in the wet but keep it smooth and you will be fine, but a hot hatch or other marque will generally be more capable in wet on a British B road. Get to keep M3 too!

SVR: My last time in an F-type was a V8S rag top, it was a short test drive and the car never really left an impression on me except for the epic noise, did not get to truly experience acceleration as it just blitzed its tyres and sales guy did not approve. But then I got one for a day, albeit the V6S but as a road car I found it really superb, I thoroughly enjoyed the playful chassis, the gearbox was nothing short of fantastic and it made me grin and laugh like a big kid for most of the day, even more so than my Mustang did due to its outrageous stock exhaust and this was not even the V8. So for I feel the SVR is a major attraction, I see it as a British Mustang, now I know for some that is a downside because its not 40k, it is 80k and as such some here just don't like it or think its worth the cash. But like the Mustang I absolutely love the idea of that gorgeous and obnoxious sounding V8, the pops, gargles, farts, bangs, gunshots that is me through and through. Then the absolutely sheer and brutal acceleration it should offer and I am sure it does, in fact it should feel like my first Mustang, identical power figures its just a bit heavier but has AWD and much quicker gear box so should feel just as savage and actually be quicker and in my old Mustang that level of power never got old as it was just the right balance of power for its chassis, only ever an issue in cold/wet which as I ultimately got older went from fun (sliding) to a bit annoying when you just wanted to make relative fast progress on a wet road. So for me the SVR has the looks, noise, ease of extracting its performance and its proper fast. 3.1 to 60, 7 to 100 and around low 11's in quarter mile in a stock car that is consistent due to its ZF8. It really is a me car and very much in my eyes like my old Saleen Mustang, epic looks, in your face, stupidly loud and stupidly fast, but just more up market and easier to extract its performance which now I am older I want. I also get to keep the M3!

911 GT3: A dream car, that rides superb on road like SVR, don't be fooled by the GT3 badge, they also make fantastic road cars and even though it is RWD the mechanical traction is only stuff the Jag could dream off, though of course the AWD of the Jag might be easier and more desirable on a wet road. Performance stats even though it has less power it is pretty identical to the Jaguar due to it weighing a good 300kg less and PDK just being super quick, though I must admit I think the ZF8 had a little more character and is probably a little easier to launch, as no LC just stomp and go, I believe GT3 has LC which you don't use in daily situations, but not 100% sure. Buying a GT3 now would make me do something I don't really want to do, sell the M3, not because I need to, but that much finance lingering over my head, I'd just want to clear chunks of it off as quick as possible, I'd sell the M3, my coins and probably stop enjoying life so much to just clear the finance off, mentally for me its a bit of a worry as I tend to like to own things or have the bigger majority stake in the car so if I have a change of mind I can sell easily without hassle.


Problem is I love all three of them for different reasons, they are all super rare sights on the road, OK in my neck of the woods anyway, I am sure some of you see 100 Mustangs, 20 GT3's and 10 SVR's every day. They all appeal to me in a different way to the point I really want both the SVR and the GT3, that is impossible by the way. The Jag I love the noise, the V8 and the AWD would make it a great road car all weather that looks special. The GT3 I love the precision and the cabin noise from winding its motor out and just the fact its a scalpel and it would be as good on track as it is the road, that is also a downside, all that money tied up into finance I'd want to do track days, which would dramatically increase the running cost. My old 911 cost quite a lot of money to run due to the vast amount of track days I did, brakes, tyres, servicing it seems cheap at first but combined with cost of track days, the fuel and before you know it your spending several thousand a year which is fine if you own the car or the finance is small.

I am just trying to be level headed, right now SVR is favourite because the car has an appeal to me I cannot quite put my finger on. My only concern is it being worth half what it is today in say 3yr time, that is a bit too much to stomach. Of course only an issue if I decided to sell it. Hopefully Jag will release a new SVR next year with a turbo charged motor that sounds rubbish, has no character and thus the old models start too appreciate, or on the flip side they keep the SC V8, make it even better, keep the price the same at which point yes my SVR would become worth even less. DOH!

That is pretty much my thoughts, no decisions made yet, giving it plenty of thought and I feel I don't need to rush, plenty of SVR for sale including two blue ones at 80k, I am just going to watch and see if they move, if they sell I am sure more will appear, if they do not sell it gives me more ammunition to barter with a dealer selling.


P.S. Or an R8 V10 S-tronic at around 70k-80k, but as we can see those are also depreciating and though I like them, I just feel the SVR is more a me car, there is something about the R8 which i cannot put my finger on but I am not wanting one as much, maybe because they are a bit too easy to drive fast and not as easy to be playful in. Can't put my finger on it, but to me just seems a bit less special, zips up flame proof suite.
 
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