What would you do?
Discussion
Hi everyone!
My current situation: have a Hyundai i30N on PCP finance. £17k settlement, We Buy Any Car are offering £22,500 at the moment. That’ll get knocked down so say £21,500 all said and done.
I’m trying to capitalise on this as it won’t be in my favour like this forever. The car I want (M140i) is impossible to get a decent insurance quote for. Hyundai with mods declared is ~£600 a year. BMW is coming back at over £1,300 a year.
Question is, do I sell the i30N now, pocket the £4K, buy a s
tter and keep that money around ready to buy something (on finance of course, no shame) when the time is right?
Or do I keep the N, enjoy it for what it is (I do love it) and hope the market doesn’t change too much down the line?
All thoughts and questions welcomed.
My current situation: have a Hyundai i30N on PCP finance. £17k settlement, We Buy Any Car are offering £22,500 at the moment. That’ll get knocked down so say £21,500 all said and done.
I’m trying to capitalise on this as it won’t be in my favour like this forever. The car I want (M140i) is impossible to get a decent insurance quote for. Hyundai with mods declared is ~£600 a year. BMW is coming back at over £1,300 a year.
Question is, do I sell the i30N now, pocket the £4K, buy a s
tter and keep that money around ready to buy something (on finance of course, no shame) when the time is right? Or do I keep the N, enjoy it for what it is (I do love it) and hope the market doesn’t change too much down the line?
All thoughts and questions welcomed.
Lincsls1 said:
Yeah because having a posh new car is everything in life!
Load of tosh.
OP, do whatever you feel is best, but IMO keep the i30N and enjoy it for now.
Assuming they are referring to the OP referencing buying an old shed type cheap car for a while until prices drop etc.Load of tosh.
OP, do whatever you feel is best, but IMO keep the i30N and enjoy it for now.
I don’t think they were alluding to all used cars being rubbish
Wagonwheel555 said:
Assuming you put a decent deposit down or barely done any miles to be 4K in positive equity even with WBAC prices!
If you’re 4K up why not use that for the insurance difference?
15k miles on a 69 plate, £1.5k deposit. Just a very good deal and took advantage of some poorly worded terms and conditions by the dealer. If you’re 4K up why not use that for the insurance difference?
Wagonwheel555 said:
Lincsls1 said:
Yeah because having a posh new car is everything in life!
Load of tosh.
OP, do whatever you feel is best, but IMO keep the i30N and enjoy it for now.
Assuming they are referring to the OP referencing buying an old shed type cheap car for a while until prices drop etc.Load of tosh.
OP, do whatever you feel is best, but IMO keep the i30N and enjoy it for now.
I don’t think they were alluding to all used cars being rubbish
I definitely wouldn't recommend going down the old snotter route - you'd miss your Hyundai every day!
I sold a BMW 123d in 2014 and got a Z4 Coupe, but needed something my elderly Mum could get in and out of so I got a £700 Mazda 323. It was perfectly competent, but jsut so dull.
Although it made using the Z4 even more of an event, but you wouldn't have that option.
Within 6 months the Mazda got replaced by a BMW 325ti Compact!
I sold a BMW 123d in 2014 and got a Z4 Coupe, but needed something my elderly Mum could get in and out of so I got a £700 Mazda 323. It was perfectly competent, but jsut so dull.
Although it made using the Z4 even more of an event, but you wouldn't have that option.
Within 6 months the Mazda got replaced by a BMW 325ti Compact!
Delahorney said:
15k miles on a 69 plate, £1.5k deposit. Just a very good deal and took advantage of some poorly worded terms and conditions by the dealer.
Fair play, unusual to have that much positive equity at any point on a PCP deal.Guessing you have tried the comparison websites for insurance?
Weirdly mine comes up at 20% more for a 330d than a Golf R which is bizarre considering Golfs are a thief’s wet dream but there we are.
Mr Tidy said:
I definitely wouldn't recommend going down the old snotter route - you'd miss your Hyundai every day!
I sold a BMW 123d in 2014 and got a Z4 Coupe, but needed something my elderly Mum could get in and out of so I got a £700 Mazda 323. It was perfectly competent, but jsut so dull.
Although it made using the Z4 even more of an event, but you wouldn't have that option.
Within 6 months the Mazda got replaced by a BMW 325ti Compact!
Snotter would only be temporary until I find something else I want, just don't want the gap between equity and settlement to shrink whild holding onto the N. I sold a BMW 123d in 2014 and got a Z4 Coupe, but needed something my elderly Mum could get in and out of so I got a £700 Mazda 323. It was perfectly competent, but jsut so dull.
Although it made using the Z4 even more of an event, but you wouldn't have that option.
Within 6 months the Mazda got replaced by a BMW 325ti Compact!
Wagonwheel555 said:
Fair play, unusual to have that much positive equity at any point on a PCP deal.
Guessing you have tried the comparison websites for insurance?
Weirdly mine comes up at 20% more for a 330d than a Golf R which is bizarre considering Golfs are a thief’s wet dream but there we are.
They had a loyalty offer, if you have a V5 for a Hyundai registered at your address, £3k off the price of the car. No wording around needing to own it for a specific amount of time as they usually do, so went and bought a £250 Getz then part ex'd it for £100 as well. Best deal I've ever done! Guessing you have tried the comparison websites for insurance?
Weirdly mine comes up at 20% more for a 330d than a Golf R which is bizarre considering Golfs are a thief’s wet dream but there we are.
It seems to be a combination of the RWD and the amount of power for the m140i. My current insurer said they flat out wouldn't insure me until I'd owned (and presumably insured with someone else) the car for 12 months.
Delahorney said:
ZX10R NIN said:
Keep the i30N it's a great car.
You're not wrong, but it's been 18 months and I've got itchy feet with a £4k deposit on hand! Or sell the car settle the finance & then refinance & get something like these:
With 22k you can get a very nice M240i
https://www.autotrader.co.uk/car-details/202103089...
Megane RS280
https://www.autotrader.co.uk/car-details/202105192...
M4
https://www.autotrader.co.uk/car-details/202104161...
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