unemployed.. But want to spend last of saving on a kit car

[jimmy156]

gareth.e said:

2 Wycked said:

gareth.e said:

Renting is for retards

Incorrect. Renting is for people who weren't dealt such a fortunate hand early on in life.

Indeed, as I explained above your parents either kicked you out, hate you or you hate living with them.

To be honest with the cost of a deposit on anything more then a studio flat in surrey/sussex renting is the only feasable solution for a young person/couple. Unless they get a hand out from a family member or have done particularly well for themselves and are earning much more then the average. Most people in there early twenties wents have tens of thousands of pounds to put down as a deposit!

[mercfunder]

Mastodon2 said:

mercfunder said:

Seriously a lot of people on here need to get over themselves, the OP is young, has parents who support him, and was just about to spunk all his savings on an indulgence.
FFS he's 22, we all make daft decisions at that age, there's plenty of time to correct them later in life.

Fair enough, but are you happy that your hard earned wages are getting deducted as tax to fund the lifestyles of lazy, jobless mammy's boys like this?

I'm hoping that this is a stage in growing up that the OP is going through and he will develop into a mature productive member of society, so his taxes can fund me in my old age.

[thinfourth2]

I'll sell you my caterham for 9 grand

[HereBeMonsters]

gareth.e said:

HereBeMonsters said:

gareth.e said:

Bit of a stupid assumption here. The reason I have a fair amount of savings is because I've always been good with my money. I have no real out goings so what's the issue?

Out of interest, why do you still live at home? I guess you're relatively young, but if I was "good with money" and had some savings, I'd be out of home as soon as I could (in fact, I was, but that's beside the point).

As much as cars are a bringer of independence to a 17/18 year old, getting your own place (rented or bought) in your early 20s has to be the next step on the ladder?

[b]Renting is for retards or people who need to be very flexible[b/]. I finished university and left my rented house by my university in November last year. I'm going traveling in November this year so no point buying a place yet. But the main reasons for not purchasing the kit car are that I won't struggle with traveling expenses and it means I can put a deposit down on a flat when I get back.

Living at home is free so I might aswell take advantage of it for a year or so

Oh dear God, preserve us from this Thatcherite little know-it-all.

Renting is for people who can't afford to buy. Simple as. If you really want to buy (as we seem to be conditioned to aspiring to in this country) then rent a small, cheap place so you can continue to save.

Never mind, if your parents are happy to keep you in the style you've become accustomed to (hell, you've already got a GTI-6, yeah? Pretty decent car for someone your age anyway.) until you go off on a big holiday then fair play to you for playing the system. Enjoy your big holiday.

[Jonny_693]

gareth.e said:

Even if they didn't want me here, they can deal with it for a year.

I often vanish for the week or weekend. While I might eat them out of house and home I don't think I impact their lifestyle much

Edited by gareth.e on Wednesday 11th May 01:31

After getting only 3 pages in I have come to the conclusion that, you sir, are a silly little boy. A weapons grade bellend.

[Chicane-UK]

I think you need to re-evaluate your priorities personally. And I'm not exactly a model of fiscal common sense.

Keep your savings. Get looking for a job. It's a fricking car. There will always be another one like it / similar to it / better than it later on down the line.

[Biker's Nemesis]

Just

[Dr Doofenshmirtz]

You could get diagnosed with Cancer tomorrow and be brown bread by the end of summer or sooner.
So yeah - feck it - life's too short. Buy the car, be happy and step up your job hunting

[matthewg]

Madness
Did you buy it?

Dr, life is too short but you can't spend each day as if it's your last. Happy medium is ideal.

[Gizmo!]

There's a very small justification: you don't get any jobseekers allowance if you've got savings, iirc. So there's a case for buying something that won't depreciate, just to sink the cash into it.

That said... OP, you do come across as a WGCE.

[Jonathan Legard]

Of all the places to come and ask for sensible advice...

[BoRED S2upid]

Motivation to get a job and it will put a smile on your face if you can't get a job, kitcars are better than drugs IMO I wish I still had my westy.

[tercelgold]

Dr Doofenshmirtz said:

You could get diagnosed with Cancer tomorrow and be brown bread by the end of summer or sooner.
So yeah - feck it - life's too short. Buy the car, be happy and step up your job hunting

Under 30 death is going to be a car crash, misadventure or suicide. Nothing medical really kills them.

[MX5guy]

It seems to be the usual thing with a lot of people my age now. Use the arguement that it makes more financial sense to stay with the parents (true, because it is shifting the cost to them, rather than yourself) and so they stay there. However rather than saving for a property they spend it on cars/ alcohol etc. Not that there's a problem with that in itself, but the amount used is just crazy. The travelling is also a common thing (not saying this is the case of the OP, just a common thing). The amount of people I was with at uni who were struggling by with very little money and then got given some by their parents, only for them to decide to travel to Brazil/ Thailand etc. Then they'd said they felt bad about getting money from their parents... So why not just not spend thousands on a trip around the world then?!

I'm renting at the moment, because obviously in my first year of work I will instantly have the ten grand or so needed to place a deposit on a house... So this just means I was unloved and am stupid... Cheers!

[c0ldpl4ya]

Mastodon2 said:

Fair enough, but are you happy that your hard earned wages are getting deducted as tax to fund the lifestyles of lazy, jobless mammy's boys like this?

What a completely ridiculous comment....seriously.
This thread is just getting stupid.
The guy has been at Uni studying to do better for himself and has moved back home to try save some money and your all acting like hes a benifit scrounger having babies here there and everywhere to get money from the government...
Moving home does not mean hes a "mammys boy" at all. And any loving parent would see no problem in their child moving home to save some money so that they can better themselves in the mid to long term. It makes financial sense.

Anyway, OP, buying the kit car would seriously be a waste of money, your GTi-6 as already mentioned is better than most 21 year Olds cars. Just wait till you get a job then buy the kit car or any other car that takes your fancy!
I'm 21 and drive a 1.4 Bora so count yourself lucky for the GTi-6! I could easily afford a very nice performance car but the insurance would be 3k plus hence I've decided just to wait till im older instead of completely wasting 3k, if you get what I mean lol.

Rant over.

[matthewg]

tercelgold said:

Under 30 death is going to be a car crash, misadventure or suicide. Nothing medical really kills them.

So I don't have friends who have died of cancer under 30?

[Twincharged]

2 Wycked said:

gareth.e said:

Renting is for retards

Incorrect. Renting is for people who weren't dealt such a fortunate hand early on in life.

You're missing the point 2 Wycked- the real winners in life live at home with mummy and daddy.

[Accelebrate]

If you buy the right car I would have said that going travelling was potentially the poorer of your decisions financially.

Buy the car, don't go travelling. Get a job and save for a deposit, sell the car for minimal loss, buy a house, become financially stable and then use your annual leave wisely knowing that travelling is much more fun when you're not worrying about running out of money constantly. Simple.

[MX5guy]

c0ldpl4ya said:

Mastodon2 said:

Fair enough, but are you happy that your hard earned wages are getting deducted as tax to fund the lifestyles of lazy, jobless mammy's boys like this?

What a completely ridiculous comment....seriously.
This thread is just getting stupid.
The guy has been at Uni studying to do better for himself and has moved back home to try save some money and your all acting like hes a benifit scrounger having babies here there and everywhere to get money from the government...
Moving home does not mean hes a "mammys boy" at all. And any loving parent would see no problem in their child moving home to save some money so that they can better themselves in the mid to long term. It makes financial sense.

Anyway, OP, buying the kit car would seriously be a waste of money, your GTi-6 as already mentioned is better than most 21 year Olds cars. Just wait till you get a job then buy the kit car or any other car that takes your fancy!
I'm 21 and drive a 1.4 Bora so count yourself lucky for the GTi-6! I could easily afford a very nice performance car but the insurance would be 3k plus hence I've decided just to wait till im older instead of completely wasting 3k, if you get what I mean lol.

Rant over.

I went to uni, and it doesn't mean you're trying to do better for yourself. A lot of people go there just to dodge the responsibility of working. Obviously lots don't, but it doesn't confirm it.

The point is he's not using the subsidised living by staying at home to save for a house though, if he's spending his savings on a second car, already has a really nice car for his age, and is travelling. Well done on him having savings to get one, a lot of young people wouldn't, but to just spend it all defeats the purpose somewhat.

It makes financial sense for the person moving back in with their parents, but it doesn't make sense for the parents. I'd prefer to be responsible for myself than "taking" money from my parents, even when they are happy to support you.

[menguin]

Mastodon2 said:

Fair enough, but are you happy that your hard earned wages are getting deducted as tax to fund the lifestyles of lazy, jobless mammy's boys like this?

He isn't signing on as far as I have read fom the posts here. So how exactly are any of our taxes going to fund his lifestyle?

Plus - I moved back in with my mum for a year when I was 22. She appreciated the company. I used up my old bedroom that had been empty for 4 years. I bought my own food, paid bills...How exactly is that sponging off my mum? Not as if she would rent the room out for £600PCM if I wasn't there..

Obviously OP has been a total tw@ about what he's saying, but underneath all the young angst and abusive words, I don't think he is being particularly unreasonable to his parents, and if he's saved money and wants to buy a car, go for it!

People seem to think that because they learned the life lessons, all they need to do is tell someone what they learnt - and the young person will immediately recognise it and learn from it...Ask yourself - if someone told you the same info when you were younger, would you have thought "Ok, I'll save the money and be sensible". I know I would definitely have continued on and bought whatever I wanted - life lessons are exactly that: Something that has to be learned for yourself! Otherwise teenage boys wouldn't continue buying the most powerful hot hatch they can afford and wrapping them round trees - how many people told them to slow down? Lots. How many of them do? Not many, until they've learnt a little bit and matured.

PS - Mastadon, wasn't all aimed at you chap