Stick or twist?
Discussion
My daughter has had her 2010 1.6 petrol astra for nearly 3 years. Up to about 6 months ago it's been great but then things started to go wrong. Water leaks, heater stopped working etc which a local mechanic believes he has fixed.. then the clutch has started to go. The other thing is ( @98k miles ) it lost a lot of power.. she still drives it every day but lost a bit a confidence it's going to get there...lol
A few weeks ago her nana offered to sell her 2016 1.4 Kia Rio (only 41k miles) for £5k.
She hasn't go that money so would have to borrow it
Now the conundrum..does she spend money on a new clutch and maybe a top end rebuild (only a guess) for a lot less money or go for the Kia which is a good price..
Cheers
A few weeks ago her nana offered to sell her 2016 1.4 Kia Rio (only 41k miles) for £5k.
She hasn't go that money so would have to borrow it
Now the conundrum..does she spend money on a new clutch and maybe a top end rebuild (only a guess) for a lot less money or go for the Kia which is a good price..
Cheers
While I wouldn't generally use a WBAC valuation for a fair value of a car, in the case of sale within the family I probably would. See what they'd pay for the Kia, that would feel like a more appropriate valuation in this case.
Otherwise yes it sounds like it might be a good time to get rid of the Ashtray, 16 years old and quite a few potential upsides of buying something newer.
I know we're all different and I'm not judging but that does seem a bit mean of Nana.
My dad passed away last year. He had a 2015 Citroen C3 picasso with 40k miles which he looked after very well from new. I don't need it and didn't particularly want it but my brother did. We just put it into wbac and agreed he could keep the car and give me half the figure. After all that's most likely where it had gone if we had sold it.
Perhaps in this case Nana is just guessing at the price? I'd run the reg through wbac and let her know what it comes up with. For reference my dad's Citroen was £3500 but a dealer would be asking at least £5k maybe more.
My dad passed away last year. He had a 2015 Citroen C3 picasso with 40k miles which he looked after very well from new. I don't need it and didn't particularly want it but my brother did. We just put it into wbac and agreed he could keep the car and give me half the figure. After all that's most likely where it had gone if we had sold it.
Perhaps in this case Nana is just guessing at the price? I'd run the reg through wbac and let her know what it comes up with. For reference my dad's Citroen was £3500 but a dealer would be asking at least £5k maybe more.
Does her grandmother need the money?
Why doesn't grannie give her the car and make her pay back £100 a month or something?
We had a similar situation in my family and the car (with a similar value) was given as a gift to the grandchild.
To answer your question, a newer, lightly driven Kia would be the one to go for as the current car is only goint to get more expensive.
Why doesn't grannie give her the car and make her pay back £100 a month or something?
We had a similar situation in my family and the car (with a similar value) was given as a gift to the grandchild.
To answer your question, a newer, lightly driven Kia would be the one to go for as the current car is only goint to get more expensive.
Alan99UK said:
I did look at a valuation , webuyanycar offered £6500 and her.local Kia garage offered her £7k so I don't think £5k is a bad price ?
In that case yes it's a good price.But if your daughter can't afford it then I guess it's irrelevant?
Might be better to look for something else in her budget. But I'd agree on getting rid of the Astra.
My gut feeling is she's being rail roaded towards a ten year old Kia Rio she can't afford, borrowing money to buy. There's a big choice out there for £5k... and a big choice out there for half that. But as always, depends on many unique variables such as what she wants, what she needs, what she's prepared to get into debt to have. I'd also be questioning how good said is.
Alan99UK said:
She hasn't go that money so would have to borrow it
Is this a fair summary:1. She has an unreliable car
2. She wants a better car, because of the loss of confidence/depression of driving a 2010 Astra
3. She doesn't have any money? (How much does she actually have, let's assume the Astra can make it to a dealer to be part-ex'd)
NDA said:
Does her grandmother need the money?
Why doesn't grannie give her the car and make her pay back £100 a month or something?
We had a similar situation in my family and the car (with a similar value) was given as a gift to the grandchild.
To answer your question, a newer, lightly driven Kia would be the one to go for as the current car is only goint to get more expensive.
This sounds reasonable to me (unless granny would then feel obliged to give cars to the other 14 grandchilden Why doesn't grannie give her the car and make her pay back £100 a month or something?
We had a similar situation in my family and the car (with a similar value) was given as a gift to the grandchild.
To answer your question, a newer, lightly driven Kia would be the one to go for as the current car is only goint to get more expensive.
)"Really low mileage" commands a MASSIVE price premium these days. I can't value the Kia with the info given (I'd need it to be more specific) but you can do it yourself eg hpivaluations.com (but even then, take that with a pinch of salt because of the mileage). It may well be that £5k is a good bargain and obviously with it being in the family there's a reassurance its a reasonable car etc. Its just that if she can't afford £5k anyway, might only be semi-relevant. It would come down to, can she afford to borrow the rest.
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