Where to spend 40 grand

[Don1]

LukeSi said:

A Sagaris while there are still some at that price, guaranteed investment, it will be worth 50k in a few years.
http://www.pistonheads.com/sales/3243807.htm


61k miles but looks quite decent.

Sagaris. The prices are just going up, and several known cars on PH are insured for well north of £50k.

[Chris71]

Patrick Bateman said:

I'd chuck it on the mortgage.

I'm assuming the OP has that covered for the time being? If so I still think a good halfway house is something cheap to run and unlikely to depreciate significantly.

The total cost of a year's Caterham ownership (minus fuel, tax and insurance, obviously) came to about £150 for me. That meant I got back more or less the entire purchase price back to put towards something grown up (like a mortgage) when I sold it.

That car effectively was my savings account and I only lost the value of a couple of nights out compared to putting the same amount of money into the bank.

[prg1]

DJC said:

A mix of option 2 and 5.

£2k on a daily runabout, £5k on something for the weekend and £33k on the mortgage.

good call!

[Alfanatic]

richard300 said:

I think the chap with the 40k Golf is getting a bit of an unfair bashing here...

He needs a car that is reasonably brisk, doesn’t want a manual, needs something that sits more that two (comfortably) but probably doesnt need or want a big car. and has other criteria to think about.

So the guy likes the sporty Golf, It ticks all his boxes and as he can only have one car, that’s important.
So he adds some optional extra's to get all the equipment he wants, and specs the car to his own taste........ Surely that sounds fair enough to everyone??

Its Volkswagen who should really be taking the flak, for pricing their family hatchback so high. BUT a new 330i saloon fully spec’d will see you over £50.000.

I think if the guy can afford to spend £40.000 on a Golf and not bat an eyelid, and the depreciation isn’t something that is going to hurt him. Then fair play to the guy...... He's doing way better than I am, as I couldn’t justify the outlay on a golf nor cope with the depreciation.

People (like a friend of mine) whom go out and spend the equivalent of my Mortgage every month on lease/hire purchase payments on a BMW 325i Convertible, and then live hand to mouth are the real fools. Or the guy I saw at a petrol station who could only afford to put £5.00 of fuel in his Range Rover Sport!! Or those that buy and option their cars based on making it good for re-sale as opposed to the colour they would love or the equipment they actually need.

I would still stick with my choices (in my earlier post)of a DB7 Vantage Volante and a Mercedes E-class 320cdi sport estate. But that’s because I don’t only have to have one car, and I have the time and patience to deal with all the problems and hiccups used cars can give you. And i could find the time to use and enjoy a toy etc, etc.....

If i lived in London, had only one parking space, didn’t have contacts that make owning older cars easier etc, etc..... I'm sure i would think very differently.

Edited by richard300 on Monday 20th February 08:39

Edited by richard300 on Monday 20th February 11:46

Yes, you've also got to consider how much distance you intend to put on the car and how long you intend to keep it. If you're looking for a car that you could keep for ten years and put 150k miles on, you don't want to start with something that's already five to ten years old and, say 80k miles. Well, I wouldn't, anyway. I'd want something new or close to new. And when you keep it for ten years or more, the depreciation is less important.

When I bought a Note, I could have got something more fun and faster for the money, easily. But that wasn't what I was looking for. I was looking for something that's going to be the reliable family car for the next, maybe ten years. Something that the missus is very happy to drive as well, is small and easy to park and drive, and automatic (otherwise I'd be doing all the driving) but it also had to fit four adults and a kid and luggage. So, with a Jazz being the perfect answer, I picked something with at least some life in the steering instead...

Anyway, when I can afford to run a second car, the classic Alfa joins the stable and goes under covers on the property. If they haven't all moved way above my buying power by then.

[DanDC5]

Buy this Sagaris

http://www.pistonheads.com/sales/3243807.htm

[DanDC5]

Don1 said:

LukeSi said:

A Sagaris while there are still some at that price, guaranteed investment, it will be worth 50k in a few years.
http://www.pistonheads.com/sales/3243807.htm


61k miles but looks quite decent.

Sagaris. The prices are just going up, and several known cars on PH are insured for well north of £50k.

It appears, though unsurprisingly, I was beaten to it.

[SAGRIFF]

DanDC5 said:

Don1 said:

LukeSi said:

A Sagaris while there are still some at that price, guaranteed investment, it will be worth 50k in a few years.
http://www.pistonheads.com/sales/3243807.htm


61k miles but looks quite decent.

Sagaris. The prices are just going up, and several known cars on PH are insured for well north of £50k.

It appears, though unsurprisingly, I was beaten to it.

bloody ell, they are selling like hot cakes, the only one left will be the pee green Cat D one soon.

[LukeSi]

SAGRIFF said:

DanDC5 said:

Don1 said:

LukeSi said:

A Sagaris while there are still some at that price, guaranteed investment, it will be worth 50k in a few years.
http://www.pistonheads.com/sales/3243807.htm


61k miles but looks quite decent.

Sagaris. The prices are just going up, and several known cars on PH are insured for well north of £50k.

It appears, though unsurprisingly, I was beaten to it.

bloody ell, they are selling like hot cakes, the only one left will be the pee green Cat D one soon.

It seems at the moment a Sag is a bloody good investment, a £40k-£45k investment which in a few years will be worth upwards of £50k. Although why the prices have shot up I don't know. Wasn't the Sag only £50k new? Owners from new must be happy, proves that TVRs are recession proof.

[SAGRIFF]

LukeSi said:

SAGRIFF said:

DanDC5 said:

Don1 said:

LukeSi said:

A Sagaris while there are still some at that price, guaranteed investment, it will be worth 50k in a few years.
http://www.pistonheads.com/sales/3243807.htm


61k miles but looks quite decent.

Sagaris. The prices are just going up, and several known cars on PH are insured for well north of £50k.

It appears, though unsurprisingly, I was beaten to it.

bloody ell, they are selling like hot cakes, the only one left will be the pee green Cat D one soon.

It seems at the moment a Sag is a bloody good investment, a £40k-£45k investment which in a few years will be worth upwards of £50k. Although why the prices have shot up I don't know. Wasn't the Sag only £50k new? Owners from new must be happy, proves that TVRs are recession proof.

with agreed values from insurance companies already between £70/90k prices will be over £100k for these cars in a few years, with only around 150 left and most being bought by investors from abroad and with it being the last real TVR with a 100% TVR Chassis and TVR engine and also being the last cars built in the UK prices are going to continue to rocket.

And that's what my insurance broker said to me when I came to renew my insurance.

and a Sagaris sold for £130k last month in HK

Edited by SAGRIFF on Monday 20th February 18:57