unemployed.. But want to spend last of saving on a kit car
Discussion
Quick question re the insurance how old are you? As will need to be over 25 for most kit cars and have a 'primary' car, which I guess you do from your post.
Most insurers will not be open in tomorrow, I work for a large brokers and we are shut but open Saturday.
Think carefully though, I'm toying with kit or bike myself! And I'm employed... That said I commute 70 miles a day in a fairly thirsty car
so in summary ... Do it or regret it
Most insurers will not be open in tomorrow, I work for a large brokers and we are shut but open Saturday.
Think carefully though, I'm toying with kit or bike myself! And I'm employed... That said I commute 70 miles a day in a fairly thirsty car
so in summary ... Do it or regret it
^ about insurance I have a primary vehicle and I'm 22 so fingers crossed shouldnt be too expensive, I've seen some very attractive figures from others online so I'll have to see how this translates when I phone around..
Now all I need to do is track down a local westfield owner (Essex anyone?!?!) and beg them to show me their car and take me out for a quick spin! (I'll have to bring some sort of alcoholic 'thank you' along!)
Mine was less than that...
It was a good build but is getting on a bit now. Had teething problems with how a previous owner mounted and set up the carbs, after switching back from fuel injection... Including some nasty cracks in an ally manifold which had to be machined clean, welded and skimmed flat.
Also snapped the throttle pedal Which left me stranded at a track day! Welded that in my mate's garage.
All fixed easily enough but reliability isn't the same as a proper car. Needs re-jetting on a rolling road, but should be good for the summer now.
It was a good build but is getting on a bit now. Had teething problems with how a previous owner mounted and set up the carbs, after switching back from fuel injection... Including some nasty cracks in an ally manifold which had to be machined clean, welded and skimmed flat.
Also snapped the throttle pedal Which left me stranded at a track day! Welded that in my mate's garage.
All fixed easily enough but reliability isn't the same as a proper car. Needs re-jetting on a rolling road, but should be good for the summer now.
You sound like a young guy whos seen a motor he really really wants, and is in a bit of termoil as to whether to take the plunge, and blow the last of your monies on it. That scerario will ring true with alot on here, with long memories.
My opinion, hang fire, its not that you'll be throwing your money away on the car, but it's more like you'll struggle to run it....alot worse beleive me.
Just wait a while, get planted, get a little more money together, who knows you might be able to go up a step and get a Caterham. These sort of motors are quite good sense for younger drivers in some cases, a 1.4k series, is suprisingly cheap to run and insure if you go to the right peeps.
Just, at the moment, take a deep breath, there's alot to choose from out there.
My opinion, hang fire, its not that you'll be throwing your money away on the car, but it's more like you'll struggle to run it....alot worse beleive me.
Just wait a while, get planted, get a little more money together, who knows you might be able to go up a step and get a Caterham. These sort of motors are quite good sense for younger drivers in some cases, a 1.4k series, is suprisingly cheap to run and insure if you go to the right peeps.
Just, at the moment, take a deep breath, there's alot to choose from out there.
Does not sound a good idea to me spending all of your money on a car that need's work and therefore more money spending on it to finish it off. If it's around the 6 - 7.5k mark as you stated why not just spend 3-4k and swap your Peugeot for something newer clio 182/civic type r whilst still having money in the bank
gareth.e said:
^ about insurance I have a primary vehicle and I'm 22 so fingers crossed shouldnt be too expensive, I've seen some very attractive figures from others online so I'll have to see how this translates when I phone around..
Now all I need to do is track down a local westfield owner (Essex anyone?!?!) and beg them to show me their car and take me out for a quick spin! (I'll have to bring some sort of alcoholic 'thank you' along!)
I wouldn't do it. The person I bought my MX-5 from had lost his job and when I bought it he just hated the car as he wanted to get rid of it due to the cost he couldn't afford. It ended up spoiling "the dream" for him. Also if you're expecting your parents to pay/ subsidise your housing (which I presume they are doing since you're living at home, otherwise just live elsewhere) then it's a bit cheeky to expect them to do this when you've just spent 7k on a car. Plus what happens if the worst happens? You will lose most of the money and have nothing to show for it.
It's not that I'm boring and don't like cars, it's just the reality of growing up in my opinion. I'm 23, and it's been a long time to get a car that I like. A lot of people think I'm stupid having a cabriolet RWD car in mid Norway as an everyday car, but I wanted it and so bought it. However the difference is that at the moment I can afford it (and that's with Norwegian car prices, which are insane!).
It's not that I'm boring and don't like cars, it's just the reality of growing up in my opinion. I'm 23, and it's been a long time to get a car that I like. A lot of people think I'm stupid having a cabriolet RWD car in mid Norway as an everyday car, but I wanted it and so bought it. However the difference is that at the moment I can afford it (and that's with Norwegian car prices, which are insane!).
How much are we talking you are thinking of buying it for? And how long will that take to recover.
Cars generally depreciate, even a kit car will potentially depreciate if you are forced to sell it so be sensible.
Although you say one may never come up again, it absolutely will. Kit cars are generally weekend toys and bits of fun that certainly have their place, but a search on ebay will show that there are hundreds of kit cars for sale at any one time, some rarer than others, but when I was looking to buy my last one, I found that as one sold, another came to market a few weeks later..
Owners aren't stupid, with rarer cars like kit stuff, they know that if there is only one available at a time, they will maximise their return.
However, if you buy this, they need to offload it in a hurry, you may well end up losing a stack of cash and regretting the experience immensely.
So unless it is super cheap, wait until you are in a better position to buy it witha suitable contingency in case anything goes wrong with it, (which I can assure you with a kit, it WILL!)
But if it is tying up a significant amount of cash, say £3k +, you'd do better to leave it and be a bit more realsitic as to where your priorities should lie.
Cars generally depreciate, even a kit car will potentially depreciate if you are forced to sell it so be sensible.
Although you say one may never come up again, it absolutely will. Kit cars are generally weekend toys and bits of fun that certainly have their place, but a search on ebay will show that there are hundreds of kit cars for sale at any one time, some rarer than others, but when I was looking to buy my last one, I found that as one sold, another came to market a few weeks later..
Owners aren't stupid, with rarer cars like kit stuff, they know that if there is only one available at a time, they will maximise their return.
However, if you buy this, they need to offload it in a hurry, you may well end up losing a stack of cash and regretting the experience immensely.
So unless it is super cheap, wait until you are in a better position to buy it witha suitable contingency in case anything goes wrong with it, (which I can assure you with a kit, it WILL!)
But if it is tying up a significant amount of cash, say £3k +, you'd do better to leave it and be a bit more realsitic as to where your priorities should lie.
I was about to say "do it, that's what I did" (spent redundancy money on a Lotus before I got a new job!) but then I notice you say your Mum will kick you out.
WTF.
You still live with your Mum and you want "blow your savings"? Seriously, I know cars are nice and all that, but get your own place first for f
k's sake. 
Jesus Tittyfking Christ.
WTF.
You still live with your Mum and you want "blow your savings"? Seriously, I know cars are nice and all that, but get your own place first for f
k's sake. Jesus Tittyf
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