21 year old - new car & finances advice

[Strudul]

Nano2nd said:

creesteN said:

CastroSays said:

Can you tell us what first degree gets you a job with a starting salary of £48-49,000 in a city outside London?

Just curious.

Computer Science at a top university. I'm also one of the 'lower' salaries out of my very intelligent peers.

interesting, whats the job out of interest?

I'd guess at something security based.

For reference though, most grad schemes, including comp sci, are closer to £25k pa, though Aldi is up at £44k if you can handle the hours and st that come with it.

[ZX10R NIN]

creesteN said:

ZX10R NIN said:

How much do you have to out down on a car? If it's a decent amount why not buy a PH worthy car with that money.

I guess it depends how much of my finances I should be putting out on a car. By the time I start working I suspect I'll have around 7-8k to spend.

With that kind of budget you could get a very good hot hatch ST/RS Megane/Cloverleaf etc

[creesteN]

Strudul said:

Nano2nd said:

creesteN said:

CastroSays said:

Can you tell us what first degree gets you a job with a starting salary of £48-49,000 in a city outside London?

Just curious.

Computer Science at a top university. I'm also one of the 'lower' salaries out of my very intelligent peers.

interesting, whats the job out of interest?

I'd guess at something security based.

For reference though, most grad schemes, including comp sci, are closer to £25k pa, though Aldi is up at £44k if you can handle the hours and st that come with it.

Finance. My internship was >25k last year.

Palantir, Google and a few others are close to 100k or above.

Thanks for all the suggestions guys. I'll just buy cash, it's a case of choosing what. I like the looks of that 3.4 Cayman, but 95k miles is scary.

Edited by creesteN on Friday 25th January 07:40

[strath44]

I think that would be the better route (cash that is).

Have a look outside the box - personally I would go German and avoid Japanese in these circumstances.

Sub £16k will get you a 60/70k mile clean 2.7L Cayman, ideally with some extras and sensible history, personal preference but I would stick to manual. For the same money you'll get a higher miles 3.4L S. From an insurance standpoint the 2.7 would be a safer option. I guarantee you will love it! If you don't mind the slight stigma of a convertible then a facelift boxster is also good value.

Also maybe worth looking at an Audi A5 I had a 2009 2.0 TFSI and it was a pretty eager car, with good residuals.