Thoughts on the Peugeot 107

Enfield

Enfield

Enfield

Soldato
Joined
8 Nov 2003
Posts
7,409
Location
UK
Afternoon chaps. :)

Today I came across an advert in my local newspaper and found that Peugeot are doing a deal one the 107.

They're offering one years free insurance for people above the age of 19, only £19 deposit for a brand new 107. It has a low insurance group at 1E.

Fuel costs are low with a combined rating of 61Mpg, low tax bracket, but on the other hand it has only a little 1.0 litre engine producing 68bhp getting it to 60 at 13.7 seconds for the manual version - not exactly quick but what can you do.

It appeals to me because it looks quite cool (obviously not in bright yellow), and I think it would be a fairly sensible and cheap car to run which really appeals to me.

If I were to be honest I would like something a lot quicker but I don't even have one years no claims bonus yet and the fuel prices will and are continuing to rise and will carry on doing so. I would get a 205 GTi but the costs of running, maintaining and insuring it would be a bit bonkers.

I don't do much motorway driving at all (in fact I use the A30 to get from Hook where I live to Basingstoke where I work which is only 8 miles away). I also do the occasional drive just for fun around some twisty B roads which is just a waste of fuel really.

Me and a mate are planning on getting something like a 205 GTi as a track car anyway so I could get something cheap and sensible (like the 107) whilst having fun on the track in the 205.

So to sum up my main reason for liking the car are it's looks and what is has to offer, i.e cheap running. :)

Thoughts and feelings gents?

Yes, I know it does look a bit girly but I really couldn't care!
 
You want it to be a cheap car to run, yet are looking at buying brand new :confused:

I hazard an educated guess that it would be cheaper to buy a used car that will not shed thousands of pounds in value the second you turn the key, insure it yourself, and run it.
 
What's wrong with buying brand new, they're not much cheaper 2nd hand, people buy new all the time.

I'm talking about cheap to run anyway, not cheap to buy. As it is I pay £140 p/m to insure a crappy Fiesta. The cost to buy the 107 under fianance won't be a great deal more and I won't have to worry about insurance for a year.

Then the following year insurance will be really low on a car like that as are the costs to run it which is what I'm getting at.

Comments on the actual car please fellas.
 
Well the one I had a passenger ride in, was cramped, slow, felt like it was built out of lego, cheap, etc etc.

To be fair i'd rather pay a little more p/m and have a "proper" car. Are there no deals similar on the 207?
 
they don't do any free insurance deals on the 207 im aware of, and there basic finance rate through peugeot is 9.9%

I wouldn't go for the 207 tbh.
 
Enfield said:
What's wrong with buying brand new.
Click to expand...

Losing a lot of money in a very short space of time. Don't think i'd ever buy a car brand new unless I was loaded. How much is this 107 brand-new anyway?

As for looks, not keen on them to be honest... too bubbly and a 1l car must be frighteningly dull to drive...
 
As I said, I can get buy a cheap motor for the track. I don't drive hard on the road often to be totally honest.

I've not looked at the 207 - I would however like a 307 but I can't afford one without getting a loan to which I've been declined because I've only been working for a short while.
 
Enfield said:
a loan to which I've been declined because I've only been working for a short while.
Click to expand...

Have you actually looked at getting finance for the car (assuming you were looking at finance and not buying outright), as you will probably find exactly the same situation with regards to finance, not to mention the fact that if you do find finance, odds are the interest will be a killer.
 
What about buying a nearly new 106, only a few years old? You have the benefits of a newish car - reliability wise - and someone else has had all the depreciation happen to them.
 
What's wrong with buying brand new, they're not much cheaper 2nd hand,
Click to expand...

From what I've seen, they certainly are. My parents recently picked up an 8 month old Astra SXi for less than £10 grand, whilst the new price is over £14,000. £4,500 lost in 8 months? I believe they call that "daylight robbery".

Just can't see the point in spending that sort of money on a small, basic car. Not when there's much better second-hand stuff out there.
 
TheVoice said:
From what I've seen, they certainly are. My parents recently picked up an 8 month old Astra SXi for less than £10 grand, whilst the new price is over £14,000. £4,500 lost in 8 months? I believe they call that "daylight robbery".

Just can't see the point in spending that sort of money on a small, basic car. Not when there's much better second-hand stuff out there.
Click to expand...

I meant the 107 not being cheaper 2nd hand.
 
Buying new with free insurance can be a very smart move. For example he said insurance was £140 per month, that's £1680 for 1 year.

A new new 107 is £7000. Unless a one year old one is less than £5320, ie losing mroe than £1680 in one year (which I seriously doubt!) then buying new with free insurance is a smart idea.
 
clv101 said:
Buying new with free insurance can be a very smart move. For example he said insurance was £140 per month, that's £1680 for 1 year.

A new new 107 is £7000. Unless a one year old one is less than £5320, ie losing mroe than £1680 in one year (which I seriously doubt!) then buying new with free insurance is a smart idea.
Click to expand...

Not really, seeing as he has had to spend £5320 more than just using his current car. Yeah, incredibly smart move that one. :/

EDIT, and THIS one on autotrader is £5490 used from a Peugeot main dealer. That to me says that a) you can get them chaeper elsewhere, and b) he isn't even getting a "good deal" in your special world.
 
I sat in the Citroen C1 (basically identical) at the Motorshow yesterday and I was very unimpressed

The cabin is very, very cheap. It's also very cramped - I frequently hit the centre console with my knee and each time it flexed badly. The switches have a cheap, tacky tinny feel to them

The seats have absolutely no support and the gear box is vague, imprecise and sludgey

Can you get a deal on a C2? They start at £6.5k new now and the car was 100% better. It had far more room, it was far better built and the gear box was a lot better
 
paradigm said:
Not really, seeing as he has had to spend £5320 more than just using his current car. Yeah, incredibly smart move that one. :/
Click to expand...

If the deprecition in the first year is less than what he is currently paying for insurance on his exisiting car, then it's actually quite sensible. At the end of the year he can sell it if he fancies something else, and he will be better off, having spent the year driving around in something "better" which is more reliable, economical, and is probably under some sort of warranty if anything does go wrong. I have no idea about the car itself, but it's something he seems to want, and I am merely pointing out the flaw in your statement. If he has the cash then it clearly is a "smart move". It only isn't smart if he is buying it on finance and whatever interest he is paying combined with the depreciation exceeds his current insurance costs.
 
John_V85 said:
If the deprecition in the first year is less than what he is currently paying for insurance on his exisiting car, then it's actually quite sensible.
Click to expand...

And if you look at the autotrader link I posted, you will see that the difference between the amount of depreciation and the price of his insurance is < £200. So is it REALLY worth spending £7000 for a saving of less than £200, and the prospect of owning a base model tin can?
 
Enfield said:
not exactly quick but what can you do.
Click to expand...

Spend a grand under your budget on a 12 month old car and get much more car, a more reasonable sized engine, and then use the grand to pay your insurance.

You'll get a car that you won't grow out of as quick and won't die when you try and take it out of town.
 
You must log in or register to reply here.
Back
Top Bottom