£5K cash or £150/month. What would you do?
£5K cash or £150/month. What would you do?
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MattHall91

Original Poster:

1,275 posts

155 months

Tuesday 17th March 2015
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I've always had new cars on PCP or lease. However I'm open to change in a few months time if the car is right.

Whichever I go for I want it to be well screwed together and good fun to steer. Obviously running costs on a £150-a-month new car aren't going to be high and I have factored in higher costs for a used £5k motor.

Apart from that I'm not limited in terms of practicality. It can't be too old and it's got to be a petrol to be used daily.

Any thoughts?

neil1jnr

1,485 posts

186 months

Wednesday 18th March 2015
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I'd be suprised if you can get a new car for £150/month.

What I mean is, unless you put a deposit down or like a lease, pay 6 months up front, you can't get a decent car for £150/month.

MattHall91

Original Poster:

1,275 posts

155 months

Wednesday 18th March 2015
quotequote all
neil1jnr said:
I'd be suprised if you can get a new car for £150/month.

What I mean is, unless you put a deposit down or like a lease, pay 6 months up front, you can't get a decent car for £150/month.
Hi Neil. It would most likely be lease. I would look at a larger deposit too. Not expecting anything special for that money, just decent.

wolves_wanderer

12,959 posts

268 months

Wednesday 18th March 2015
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It depends how many months wink

Seriously £5k is plenty to get a decent motor.

neil1jnr

1,485 posts

186 months

Wednesday 18th March 2015
quotequote all
MattHall91 said:
neil1jnr said:
I'd be suprised if you can get a new car for £150/month.

What I mean is, unless you put a deposit down or like a lease, pay 6 months up front, you can't get a decent car for £150/month.
Hi Neil. It would most likely be lease. I would look at a larger deposit too. Not expecting anything special for that money, just decent.
AH ok, sorry if my response seemed abrupt.

I use this site:

http://www.finance4cars.co.uk/

for looking at new cars at broker prices, they give you the cost of any new car in the UK at broker prices and provide finance too, choose your make, model etc then change deposit miliage and term and pick and choose options, I might seem like a geek but it gets addictive checking different cars.

From what I can work out, for a decent car, Ford have the best deals on cars for value for money and equipment as standard. Hope this helps.


MattHall91

Original Poster:

1,275 posts

155 months

Thursday 19th March 2015
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Cheers Neil!