How would you would finance a car, in this situation?

[craigb84]

TIGA84 said:

99% of houses go up in value over time.

99% of cars go down in value over time.

Ignore the car, sort the house.

Wow, I must be one of the unlucky 1% whose house value plummeted over the last 5 years.

[PaperCut]

May i ask; what petrol Mondeo with 'lots of faults' has a trade value of £2k! I assume it's fairly young car?

Spending £17k on such a heavy depreciating, common car will soon have you feeling like this again after the initial honeymoon period IMO!

[xRIEx]

craigb84 said:

TIGA84 said:

99% of houses go up in value over time.

99% of cars go down in value over time.

Ignore the car, sort the house.

Wow, I must be one of the unlucky 1% whose house value plummeted over the last 5 years.

5 years isn't really the timescale over which to measure the investment; come back in 20 years.

[Bill]

PaperCut said:

May i ask; what petrol Mondeo with 'lots of faults' has a trade value of £2k! I assume it's fairly young car?

And what are the faults? You could probably get them fixed for a couple of months depreciation on the Beemer.

And how many miles do you do?

[philmots]

I'd see how the house goes first. Then give it 12 months, because...

When the F30 330d's hit start to appear used (they're just being delivered now) the values of the E90 will be in free-fall.

[pistonoobs]

Bill said:

PaperCut said:

May i ask; what petrol Mondeo with 'lots of faults' has a trade value of £2k! I assume it's fairly young car?

And what are the faults? You could probably get them fixed for a couple of months depreciation on the Beemer.

And how many miles do you do?

St220.

• Gearbox sometimes wont engage reverse
• Parking sensors dont work
• Water leaks into the boot
• Heated rear screen broken
• Knocking starting to come from rear suspension when going over bumps (i assume a problem with the bushes? - common i believe)
• Porous front wheels
• Numerous 'minor' faults inside the cabin, such as broken trim, switches and broken buttons.

I also suspect clutch death will be due in the next 10-15k, and i believe it's an easier job to change the orbit of the moon. It has a few other intermittent faults too, like stalling on full lock at slow speeds, and a horrible grinding noise from the starter motor and fail to start now and again too.

The only 'solid' bit i've never had a problem with is the engine itself, other than a split hose.

I do about 12k miles per year. I know people that will scoff at me for wanting a diesel at just 12k per year, but when the 220 does 24mpg, what am i gaining by buying a 1.8/2.0 petrol that manages 30 mpg?

Edited by pistonoobs on Wednesday 10th October 22:18

[Bill]

pistonoobs said:

I do about 12k miles per year. I know people that will scoff at me for wanting a diesel at just 12k per year, but when the 220 does 24mpg, what am i gaining by buying a 1.8/2.0 petrol that manages 30 mpg?

£632.80...

But, none of the faults (gearbox aside) will take much fixing, and the gearbox could just need an oil change.

[chrisispringles]

Seriously, think about your financial situation. Your priority needs to be on the house move and not on buying the newest car you can with all the toys you want. Spend £3k or less on an old Audi/BMW/Merc/Saab/Volvo with a diesel engine, that budget will get you a perfectly solid car from any of them. Then get the house move over and done with and let your finances settle down a bit, then look at getting something more interesting.