What do you do with your old car while waiting for a JDM imp
What do you do with your old car while waiting for a JDM imp
Author
Discussion

blearyeyedboy

Original Poster:

6,718 posts

201 months

Wednesday 7th January
quotequote all
Hi Folks,

I'm just wondering about buying a JDM car and importing it.

It might sound like a daft question, but what do you do with your old car while waiting for your new one to come from Japan, go through IVA/MOT/registration etc, but you don't have the money to keep it all locked up in your old one before paying for the new one?

Is it as simple as selling your old one, doing without or buying a cheap runabout for a few months? Or are there alternatives I'd not considered?

I know this might sound daft but I'm wondering if there's a less tedious answer than the obvious one?

Gecko1978

12,302 posts

179 months

Wednesday 7th January
quotequote all
blearyeyedboy said:
Hi Folks,

I'm just wondering about buying a JDM car and importing it.

It might sound like a daft question, but what do you do with your old car while waiting for your new one to come from Japan, go through IVA/MOT/registration etc, but you don't have the money to keep it all locked up in your old one before paying for the new one?

Is it as simple as selling your old one, doing without or buying a cheap runabout for a few months? Or are there alternatives I'd not considered?

I know this might sound daft but I'm wondering if there's a less tedious answer than the obvious one?
I mean run around seems logical but if you want an alternative how about a short lease on a nice car.

brillomaster

1,659 posts

192 months

Wednesday 7th January
quotequote all
How much are we talking here, theoretically?

I'm not sure id want to be without a car for a few months, or have the hassle of buying and then selling a cheap interim car, so id probably look for a bridging loan. 8% interest on a £10k loan is £67 a month, which you then pay back in full when your Japanese import arrives and you then sell your current car.

blearyeyedboy

Original Poster:

6,718 posts

201 months

Wednesday 7th January
quotequote all
Not loads, £12-15k.

I suspect a bridging loan is the answer. Thank you for tolerating a daft question. hehe

LuS1fer

43,123 posts

267 months

Wednesday 7th January
quotequote all
I sold mine to Motorway and found a cheap £500 Fiat Panda with some MOT.

Cheap insurance and 35 tax. Trouble is when I got my new car, I found I didn't want to sell the Fiat.

blearyeyedboy

Original Poster:

6,718 posts

201 months

Wednesday 7th January
quotequote all
Yes, I feared that might happen to me too! hehe

Now I'm wondering if a short term salary sacrifice is a "thing"; will have to ask.