The most you have paid for a car?
Discussion
LanceRS said:
Hopefully £3500 tomorrow, prior to that £1350 for a Fiesta SUPERSPORT In 1992. Other than that I have ended up borrowing varying amounts towards cars.
OP, just out of interest, what are you replacing the M5 with?
I went to look at a Mazda6 MPS today. The car itself wasnt right for me. Hopefully looking at another soon after my next shift block OP, just out of interest, what are you replacing the M5 with?
£5500 cash for a 5 year old BMW 528i SE. That was in 1990.
Edit, how much is £5500 1990 worth in 2015? Around £10k maybe?
Just checked, the e28 was 6yrs old, A660 ESS. Bought from a BMW specialist dealer in Aberdeen with 48k on the clock and brand new metric TRX tyres (expensive at the time). I think it' s list price in 1984 was around £26k new.
Edit, how much is £5500 1990 worth in 2015? Around £10k maybe?
Just checked, the e28 was 6yrs old, A660 ESS. Bought from a BMW specialist dealer in Aberdeen with 48k on the clock and brand new metric TRX tyres (expensive at the time). I think it' s list price in 1984 was around £26k new.
Edited by quiraing on Wednesday 4th March 21:30
lukefreeman said:
R8VXF said:
TheAngryDog said:
Lol. I'm not a powerfully built company director and am poor but never used finance!
When the finance rate is lower than your bank interest rate it makes sense You're investing in the wrong place then.
Some finance deals are 0% , why on earth would you use savings ? Others come with free servicing or other sweeteners and still have a very low apr.
It made sense to pay cash when the finance deals were 12%+
I do feel that sometimes pcp deals encourage people to take on unmanageable debt due to low monthly payments but I have changed my opinion on them recently. I used HP on my last Skoda , put a few k down and paid the rest off monthly, the total interest cost was about £500 but the deal came with three years servicing which cancelled that out. I'm taking out pcp on my new Skoda (First time ever) since its very low interest and comes with additional sweeteners at the three year point I will probably just pay the gfv fee and keep the car as I usually keep my cars 5 or 6 years
Need to look at all the options now , its not straightforward anymore
liner33 said:
lukefreeman said:
R8VXF said:
TheAngryDog said:
Lol. I'm not a powerfully built company director and am poor but never used finance!
When the finance rate is lower than your bank interest rate it makes sense You're investing in the wrong place then.
Some finance deals are 0% , why on earth would you use savings ? Others come with free servicing or other sweeteners and still have a very low apr.
It made sense to pay cash when the finance deals were 12%+
I do feel that sometimes pcp deals encourage people to take on unmanageable debt due to low monthly payments but I have changed my opinion on them recently. I used HP on my last Skoda , put a few k down and paid the rest off monthly, the total interest cost was about £500 but the deal came with three years servicing which cancelled that out. I'm taking out pcp on my new Skoda (First time ever) since its very low interest and comes with additional sweeteners at the three year point I will probably just pay the gfv fee and keep the car as I usually keep my cars 5 or 6 years
Need to look at all the options now , its not straightforward anymore
1990 Fiesta 1.25: £500 in 2005
1994 306 1.4: Free in 2008
1999 BMW 528i: £3200 in 2008. Beautiful car, not cheap to run.
2002 BMW 530i Sport (current car): £3350 in 2013. I've spent approximately two thirds of that again in maintaining it, and it gets everything it needs. Utterly worth it.
1994 306 1.4: Free in 2008
1999 BMW 528i: £3200 in 2008. Beautiful car, not cheap to run.
2002 BMW 530i Sport (current car): £3350 in 2013. I've spent approximately two thirds of that again in maintaining it, and it gets everything it needs. Utterly worth it.
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