Automotive downgrade to improve finances. (What car?)
Discussion
Morning all, I've decided that now is a good time to start saving for a flat deposit. I've currently got very little in the way of savings but I have you an Mk4 Golf R32 to sell...
I'm looking for suggestions on what to replace the Golf with, the budget I've set myself is around 2000.
The Golf is currently averaging about 23mpg so in order to further aid my finances i'd like the new car to improve on that (>27mpg).
I'd like at least a bit of performance and i'm not really really fussed if it's a FWD, 4WD, hatch, saloon, estate etc.
I'm 25 next month so insurance shouldn't be too bad but clearly, I don't want to be ruined by the insurers. Equally, I'm relatively handy with spanners and I'm not scared of working on my own cars.
Suggestions?
To summarise: 2000 ono, >27mpg, any layout, insurance not too much of a problem.
I'm looking for suggestions on what to replace the Golf with, the budget I've set myself is around 2000.
The Golf is currently averaging about 23mpg so in order to further aid my finances i'd like the new car to improve on that (>27mpg).
I'd like at least a bit of performance and i'm not really really fussed if it's a FWD, 4WD, hatch, saloon, estate etc.
I'm 25 next month so insurance shouldn't be too bad but clearly, I don't want to be ruined by the insurers. Equally, I'm relatively handy with spanners and I'm not scared of working on my own cars.
Suggestions?
To summarise: 2000 ono, >27mpg, any layout, insurance not too much of a problem.
Unless your doing 30k a year the selling and buying costs will mean it will take many many years to get ahead of the poor price you will get for your car and of course the purchase price.
Of course if you can somehow sell your car without taking a bath and then buy at well under Market value and buy a good example needing little or no work then happy days.
Whats the R32 worth?4k?
Of course if you can somehow sell your car without taking a bath and then buy at well under Market value and buy a good example needing little or no work then happy days.
Whats the R32 worth?4k?
Welshbeef said:
Unless your doing 30k a year the selling and buying costs will mean it will take many many years to get ahead of the poor price you will get for your car and of course the purchase price.
Of course if you can somehow sell your car without taking a bath and then buy at well under Market value and buy a good example needing little or no work then happy days.
Whats the R32 worth?4k?
Why would he get a poor price for his car? And why would he pay over the odds for a new car? R32 must be 5-6k therefor he saved at least 3k already if he spends all his budget of 2k.Of course if you can somehow sell your car without taking a bath and then buy at well under Market value and buy a good example needing little or no work then happy days.
Whats the R32 worth?4k?
obob said:
Why would he get a poor price for his car? And why would he pay over the odds for a new car? R32 must be 5-6k therefor he saved at least 3k already if he spends all his budget of 2k.
Because a big engined car isn't desirable by the majority of buyers. Therefore you have a small target Market. Fuel prices are really high the VED for this car is high too.
So really why would he expect to get a good price for it when all the attributes for his car to the mass of buyers isn't appealing. Even petrolheads are not immune to financial pressures.
What makes you think he will get a car for a good price ? My point is its unknown- sure he may well achieve that but to get a good price on selling a fuel guzzler and then negotiate a great price on the next buy seems unlikely. Possible sure but unlikely or he may be waiting a while.
Saving 3k. Well if your going from a car of say 02 reg so ten years old to a GTI-6 which is what possibly 15 years old more things will be perishing due to age plus it's French.
End of the day as I said it's all down to what milage he does if it's high it makes sense but if low then buying ad selling he may well lose out and it could take years and big miles to counter that loss.
If you're serious about cutting motoring costs and saving funds, something like this diesel Citroen ZX (this one is sold):
http://www.pistonheads.com/sales/3573721.htm
It frees up the capital tied up in your current car, fuel economy will double, insurance ought to drop significantly, but it will still be fun steer.
Even if you suffered it for one year it should make a noticeable difference. If it's feasible, use a bicycle for shorter trips to cut car usage.
http://www.pistonheads.com/sales/3573721.htm
It frees up the capital tied up in your current car, fuel economy will double, insurance ought to drop significantly, but it will still be fun steer.
Even if you suffered it for one year it should make a noticeable difference. If it's feasible, use a bicycle for shorter trips to cut car usage.
mr2 should be possible at that budget.
Also mg zr160, 160bhp under 2k asking price and regularly see 36mpg out of mine plus really cheap to repair, even full head gasket with all belts and water pump only came to 400. Downsides horrible interior, very firm suspension, quite cramped compared to a golf and too noisey for regular motorway travel, probably uncool too lol.
Also mg zr160, 160bhp under 2k asking price and regularly see 36mpg out of mine plus really cheap to repair, even full head gasket with all belts and water pump only came to 400. Downsides horrible interior, very firm suspension, quite cramped compared to a golf and too noisey for regular motorway travel, probably uncool too lol.
Welshbeef said:
Because a big engined car isn't desirable by the majority of buyers. Therefore you have a small target Market.
Fuel prices are really high the VED for this car is high too.
So really why would he expect to get a good price for it when all the attributes for his car to the mass of buyers isn't appealing. Even petrolheads are not immune to financial pressures.
What makes you think he will get a car for a good price ? My point is its unknown- sure he may well achieve that but to get a good price on selling a fuel guzzler and then negotiate a great price on the next buy seems unlikely. Possible sure but unlikely or he may be waiting a while.
Saving 3k. Well if your going from a car of say 02 reg so ten years old to a GTI-6 which is what possibly 15 years old more things will be perishing due to age plus it's French.
End of the day as I said it's all down to what milage he does if it's high it makes sense but if low then buying ad selling he may well lose out and it could take years and big miles to counter that loss.
I don't see your point. His objective is to free up cash. If he sells his car for more than he buys his new car, he has freed up cash. Fuel prices are really high the VED for this car is high too.
So really why would he expect to get a good price for it when all the attributes for his car to the mass of buyers isn't appealing. Even petrolheads are not immune to financial pressures.
What makes you think he will get a car for a good price ? My point is its unknown- sure he may well achieve that but to get a good price on selling a fuel guzzler and then negotiate a great price on the next buy seems unlikely. Possible sure but unlikely or he may be waiting a while.
Saving 3k. Well if your going from a car of say 02 reg so ten years old to a GTI-6 which is what possibly 15 years old more things will be perishing due to age plus it's French.
End of the day as I said it's all down to what milage he does if it's high it makes sense but if low then buying ad selling he may well lose out and it could take years and big miles to counter that loss.
aldo56 said:
My commute (if you can call it one) is about 4 miles a day. I do around 10,000 miles a year.
The point in sellign the Golf is to put the money towards a deposit on a flat. I could sell it for around 6,000, keep 2,000 for a car and put 4,000 towards the flat.
Seriously, consider occasionally cycling to work then when the weather is OK - that's a leisurely 20 minute ride.The point in sellign the Golf is to put the money towards a deposit on a flat. I could sell it for around 6,000, keep 2,000 for a car and put 4,000 towards the flat.
I had written off the MX5 as i'm not a huge fan of the looks/on paper the performance looks tame. I've never driven one though so I may get a test drive to see what the fuss is about. Certainly looks like inurance/fuel would be less than current and they're in budget.
I used to have a 205 Gti and so i've got a bit of a thing for older Peugots. Had a brief look at 106s but I feel they would be a bit too small for me, the 306 might be an option. I'd read they are as awful on fuel as the Golf though? Again, insurance would come down a good bit but they are within budget.
Could someone put a link up for the Astra above? I have no knowlage of them and i'm sturggeling to find one.
I also used to have a rusty 328i sport, been looking at these again as they seem to be within budget. Any thoughts?
I used to have a 205 Gti and so i've got a bit of a thing for older Peugots. Had a brief look at 106s but I feel they would be a bit too small for me, the 306 might be an option. I'd read they are as awful on fuel as the Golf though? Again, insurance would come down a good bit but they are within budget.
Could someone put a link up for the Astra above? I have no knowlage of them and i'm sturggeling to find one.
I also used to have a rusty 328i sport, been looking at these again as they seem to be within budget. Any thoughts?
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