what next...

Oakesy2001uk

Oakesy2001uk

Oakesy2001uk

Soldato
Joined
7 Sep 2005
Posts
3,312
As you may remember after various threads I decided I was looking at either a celica 190 or a clio sport.

Now I have a new conundrem that Id like you guys to take a look at. basically I have a big loan due to bad luck and college stupidity. it was 14k over 4 years (I dont mind sharing) and I have paid 8 months so far. This was a culmination of the loan on my car a bit of bad luck and a bit of stupidity.

The way I see it its either go with one of the above cars as I can afford my loan, its not getting me in any trouble and the interest rate is 7%, or sell the focus for about 5 to 5.5k, and pick something up for about 1.5k then just get paid off ASAP. The reward at the end being me debt free and can have any car I want (within reason obviously).

I know there is going to be differing opinions on this but advice and opinions are what I'm after.

Summary..
Option 1 - keep focus for 3.5 years (only 1.6 get bored with it, not really econamical either but handes great and looks nice, slightly modified)

option 2 - sell focus put loan back up to 4 years, start again and have a nice car (I can afford it just dont know if I want to)

Option 3 - sell focus, get a relative shed for about 1-1.5k and re do the loan over 2 years using the left over money. In which case what car, was thinking along the lines of a 1.8 16valve clio, I had a 1.4RT and it was a decent car.
Im 20 with 3years NCB (half way through that policy).
 
thats what I was thinking. the sensible option really. insurance dosent really matter as it will be TPFT for that money. and the modifed focus only costs me £640. Just have to get mine advetised and see what happens. I hope its not worth 4.5k now but it may be, its a tastefully modified 1.6 focus. 2002 42k on the clock. limited edition with full leather all the toys. I do have the origonal parts also. Got abot 800 stereo which could go with it, so hopefully someone will bite! what reccomendations have we got for the shed then! lol
decent economy and reasonable insurance. + not going to completely fall apart would be nice.
 
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you can get 02 reg mondeo's with 40k on the clock for 1.5k that would be nice! lol I really dont think I need anything that big, bit of a waste do something focus sized or smaller is the order of the day.
 
Any more Idea's providing I can get around 5k for mine this should be worthwhile, I will stick the money in a savings account and sort the loan at a later date (just in case I have a nightmare with whatever car I buy) Problem now is my heart is driving me towards the 306 GTI-6 and Clio williams route, which would take away any point in saving money with insurance and fuel costs probably. if whatever I get is a bit faster than my 1.6 focus then I wont feel like its quite as much of a downgrade! now Im being tempted by 106 gti's. hmmmm... bit over budget but wouldnt feel too much of a downgrade and would have 3k in back pocket!
 
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Right, bite the bullit, car is goin on pistonheads, max power, autotrader etc... on saturday and Im looking at less than £2000 for a reasonable on fuel and insurance warm/hot hatch that aint going to fall to bits. answers on a postcard and Im more than welcoming wild card answers!
 
I like that BRM, they have a LSD too I think. have to check insurance, and find one as I know they are rare as rocking horse poo. it is a rover tho! :D

EDIT - there is about 4 on trader in the country and that is by far the cheapest, so would seem a no-no
 
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my best mate is a mechanic, so if things go wrong its not the end of the world, but I dont want them to. I want something nippy and reliable and not poo on fuel. dont need miricles but around 30-35 on a tank would be nice 1/2 town bit of backlane blast and a little motorway. Id love a 106GTI but presuming they drink fuel with the short gears.
 
New plan, a mate of mine (girl), has a 55 reg clio 1.2 16v which should be great on fuel and has alloys and stuff so isn't appauling, should see a nice cheque come in my direction from the insurance company. She wants to do a swap. I will take out/off some of my bits and sell seperately, and her clio is worth a bit more than a 1.6 focus 02 reg anyway. Then I can save all my money get this loan paid as much as possible. hopefull by this time next year, there will be only a few grand left and I can sell the clio and clear the debt. Then I'm free. Ther e will be no 17" tyre bills, no 30mpg and its brand new so is under warrenty, shouldent cost me anything.
The issue is its still under finance, does she have to pay it off with annother loan, or can she ring her finance company and swap her finance to my car? Obviously im not swapping unless its HPI clear.
Cheers for the ideas guys and hopefully this time next year I will be asking you what nice car I should buy. Hmmm elise........
 
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