Anyone driving a cheap car while saving for something good?

[pjwind]

I am doing something different (for me). I decided not to go into debt to buy something but rather drive around in something that I could pay cash for so I could save up for something nice. So I am driving around in an 2000 Alfa Romeo 156 V6 (lovely engine but handling is a bit soft). I bought it with just 38000km (about 24000 miles) on the clock in perfect nick. It was litterally owned by an octogenerian who had it as his last car - I thought such cars were just myths or pub talk. The question is what am I saving for. I am wondering whether to go a classic and keep the 156 for every day driving or go for something new. Current thinking is if I go classic it will be a fully restored 1970s Alfa Romeo 2000 GTV (the 105 model). Yes I have an Alfa Romeo problem that therapy isn't dealing with. If I go new I am going to get a V8 Mustang probably in guard green (a bit like Highland Green - you know where I am going with this) with the Recaro seat option. It seems like I have a choice between appreciation and depreciation. Currently, I think I am leaning towards appreciation. I got burned by a fast depreciating BMW and vowed never to buy new again. I went to the Geneva Motorshow this year and with so many affordable performance cars got thinking about new cars again. What a great selection: Civic Type R (had a DC2 Integra which I am still in love with), Focus RS, Megane Trophy R, Mustang, Golf R etc. I think though if I go new I will buy a Mustang simply because it might be my last chance to buy a normally aspirated V8.

So votes for new Mustang V8 or restored Alfa Romeo 2000 GTV? Anyone else doing this and if so what are you saving for?

[pjwind]

MattHall91 said:

I'm considering doing this until after my wedding is all paid for next year.

If I can get enough together I would love to pay cash for something special

Mate I have bad news. Once the wedding is paid for there will be the saving for the house or the better house. Then the kitchen will need doing or the bathroom. One I have avoided is having the kid and needing to set up a nursery, and buy baby things but that happens to a lot of blokes. Before you sign on the dotted line at the church I suggest you go out and get a humungous lease on an AMG C63 or something. It is the only way you will be driving decent wheels for the next 10 years.