PCP or personal loan help
Discussion
Hi guys, I made a post on the "Car finance on the up" thread about 3 hours ago but it's a thread with 472 replies and 24 pages and no one has replied in that thread since, and I'd appreciate some input. Maybe I'd be better discussing this with my parents rather than publicly here, but you guys seem to be pretty savvy about PCP and personal loans etc and maybe it's possible for me to delete this later. I already posted it inside one of the threads as I say, but this is kind of bringing it more to the forefront if that makes sense as it may just get looked past there or needs its own thread. Let me know if there's any issues with doing this.
I'll try and repost what I said there but make it shorter as it was sort of lengthy:
Pretty crazy if a 2017 RS6's actual future value in four years time is 23k. Seems like a bargain at that point, but who knows where fuel prices will be for a V8
I already have a post in the car buying section going into some detail about trying to find a second car after not driving for three years, and I'm a bit torn whether to go with something older or something new.
I thought maybe I could take a personal loan out say up to £10k and get something older and warm, or something newer and sort of plain, or maybe I could do something like this on PCP for say a VW UP GTI (priced £14,498 for 68 plate with 19k miles), and maybe my parents would offer to help with the later when it comes towards the final payment part.
The only issue with any kind of finance besides a bank loan is that you can't modify it (the vehicle), right? So if I went down the finance route directly with a dealer, then it would have to be a pretty fun car already out the box, and I guess things such as exhaust changes or intake changes may cause issues otherwise. Changing tyres or even a filter to a different brand of the same type is probably fine as maintenance though, I would guess.
I think someone mentioned here or in another thread that it can make more sense to have a longer period personal loan than PCP. I really wouldn't want to extend a finance plan any further than 24 or 36 months though, as I'm pretty sure by then I'd want to get something else, but I guess the loan would have to be over four or five years. I'm currently self-employed, so work month to month can be a bit inconsistent, but it should be enough to cover monthlies including insurance fairly comfortably and still build a slush fund for any maintenance etc as I don't have much in outgoings living and working at home, compared to others.
I'm honestly thinking that in the current market (but who knows, things may change in the next couple of months) that it's much better to find something used say in the sub 10k area or even below say 7k that comes with most of the extras that I would want like heated seats, rear parking sensors / camera, bluetooth audio / navigation etc than getting something new, but my parents don't exactly seem on board with me getting in something old and thus may be willing to contribute to get me into something that is much newer, but I just don't know whether I really want that.
I need to really have a sit or test drive an older car and a newer car perhaps but I just think the value for money is skewed right now with anything say less than 4 years old.
I've already been there and done that with my last / first car as I was fortunate to have it as a new order, but around 6 months after the first 3 years had passed, right before the first lockdown in 2020, it was rear ended by a pretty big delivery truck when I was passenger and not driving myself and I haven't had a car since. Having had that experience, I completely get the safety aspect behind a newer car but surely the older stuff isn't too unsafe either having watched some old NCAP tests? Reliability would probably be much better with a newer VW UP GTI than an old MK5 Golf GTI, but I'm not sure about whether you're getting your money's worth.
A note I made before a few times: I wish there was a way that I could be notified when someone quotes me (in a thread that's not my own), but I guess I just have to go back and manually check. Perhaps that's easier by going to the "my replies" page than finding the threads from scratch / memory.
^ This shouldn't be an issue for this post, I copied that across from my last one in case anyone knows a way I guess
I'll try and repost what I said there but make it shorter as it was sort of lengthy:
MisterBigglesworth said:
Did a comparison across 3 cars this week.
2017 Audi RS6 Performance - came in at around 800 month with a 15k deposit on a 55k car and circa 23k GFV after 48 months. Interest rate was 13.2 percent...
Think I've read the last 12 pages worth or something for the most part of that thread and my brain has gone a bit frazzled, and I have a Maths degree lol.2017 Audi RS6 Performance - came in at around 800 month with a 15k deposit on a 55k car and circa 23k GFV after 48 months. Interest rate was 13.2 percent...
Pretty crazy if a 2017 RS6's actual future value in four years time is 23k. Seems like a bargain at that point, but who knows where fuel prices will be for a V8
I already have a post in the car buying section going into some detail about trying to find a second car after not driving for three years, and I'm a bit torn whether to go with something older or something new.
I thought maybe I could take a personal loan out say up to £10k and get something older and warm, or something newer and sort of plain, or maybe I could do something like this on PCP for say a VW UP GTI (priced £14,498 for 68 plate with 19k miles), and maybe my parents would offer to help with the later when it comes towards the final payment part.
The only issue with any kind of finance besides a bank loan is that you can't modify it (the vehicle), right? So if I went down the finance route directly with a dealer, then it would have to be a pretty fun car already out the box, and I guess things such as exhaust changes or intake changes may cause issues otherwise. Changing tyres or even a filter to a different brand of the same type is probably fine as maintenance though, I would guess.
I think someone mentioned here or in another thread that it can make more sense to have a longer period personal loan than PCP. I really wouldn't want to extend a finance plan any further than 24 or 36 months though, as I'm pretty sure by then I'd want to get something else, but I guess the loan would have to be over four or five years. I'm currently self-employed, so work month to month can be a bit inconsistent, but it should be enough to cover monthlies including insurance fairly comfortably and still build a slush fund for any maintenance etc as I don't have much in outgoings living and working at home, compared to others.
I'm honestly thinking that in the current market (but who knows, things may change in the next couple of months) that it's much better to find something used say in the sub 10k area or even below say 7k that comes with most of the extras that I would want like heated seats, rear parking sensors / camera, bluetooth audio / navigation etc than getting something new, but my parents don't exactly seem on board with me getting in something old and thus may be willing to contribute to get me into something that is much newer, but I just don't know whether I really want that.
I need to really have a sit or test drive an older car and a newer car perhaps but I just think the value for money is skewed right now with anything say less than 4 years old.
I've already been there and done that with my last / first car as I was fortunate to have it as a new order, but around 6 months after the first 3 years had passed, right before the first lockdown in 2020, it was rear ended by a pretty big delivery truck when I was passenger and not driving myself and I haven't had a car since. Having had that experience, I completely get the safety aspect behind a newer car but surely the older stuff isn't too unsafe either having watched some old NCAP tests? Reliability would probably be much better with a newer VW UP GTI than an old MK5 Golf GTI, but I'm not sure about whether you're getting your money's worth.
A note I made before a few times: I wish there was a way that I could be notified when someone quotes me (in a thread that's not my own), but I guess I just have to go back and manually check. Perhaps that's easier by going to the "my replies" page than finding the threads from scratch / memory.
^ This shouldn't be an issue for this post, I copied that across from my last one in case anyone knows a way I guess
Edited by Stallzy on Monday 12th December 21:08
Is there a question in there somewhere?
Summary so far: You’ve been to Uni and have a degree in numbers, you live at home with your parents, you don’t have a regular income.
Think it through, work out what a good “life decision” would be and then decide if you want to do that or not!
Jim
Summary so far: You’ve been to Uni and have a degree in numbers, you live at home with your parents, you don’t have a regular income.
Think it through, work out what a good “life decision” would be and then decide if you want to do that or not!
Jim
I'd rather be In a ten year old three series or golf, than a three year old up for safety (and full stop!)
If you're self employed and a recent graduate I wouldn't be banking on getting competitive interest rates. I also wouldn't want to tie myself into 3-4 years of debt at your age - too many other opportunities.
If you're self employed and a recent graduate I wouldn't be banking on getting competitive interest rates. I also wouldn't want to tie myself into 3-4 years of debt at your age - too many other opportunities.
Thank you for the replies guys. I was going to say this before but repayments on a £10k bank loan or installments on a £15k car via PCP are definitely less than 50% of my monthly income, pretty sure. Sorry I couldn't reply sooner, like a couple hours ago when I first saw the replies but had to get tonight's work done first. Also, some reason I didn't get email notifications of any responses here 
My credit score is in the Good tier as I have made some fairly big purchases for personal and business reasons which were made on a credit card and paid off in full before the due date.
I have already had a fair amount of suggestions Pete & Russell and still unsure, if you have some specifics then drop me a message or maybe you can post here too or find my thread in the Car Buying section (or via my profile if it shows up there).
Also, what other opportunities would you say I should be thinking about at my age instead? Perhaps travelling abroad would be cool, as I honestly have never been abroad yet, but I kind of wanted to save the first time until with family, but medical issues and stuff have got in the way of doing that, plus we don't really go out as much as a family as we did before my teenage years.
Oh, and an Up isn't really top of my list in terms of safety, I think they're maybe a bit small in that regard but my last car was a Fiesta and it held up very well when it was rear ended. Who knows what would've happened in an older car there.
I suppose my question is what should I be doing or what do you think is the best option for me? I had this discussion briefly earlier with one of my parents and they honestly don't know, but they assure me that we will sort it out when the time is right, and that's what happened last time. I just want to make sure I get something that's more fun and that I can potentially modify and I think the best way to do that is with something that's older, or get something that's already pretty fun out of the box. My parents don't really get the whole thing around modifying cars, even if my taste is more OEM+, because they feel the cars come perfect from factory, and any modification is taking away from that, even though changing induction hoses or an exhaust system to a Miltek or Cobra for example actually makes things flow and perform better, and it's not just a boy racer gimmick
I think that's it for now, and some people my age or from my high school / sixth form cohort are in relationships, engaged or bought their first properties etc, but it feels impossible to buy a house right near me now without literally being a lottery winner, and I'm not in a hurry to move out, I think. :P
I don't know what "life decisions" there are for me to make lol... I'm looking / still in the application process for maybe another job doing a similar thing to what I'm doing now, so I have relevant experience. I went to University and thought it'd open a lot of options, but I wasn't interested or particularly skilled in the financial math or statistical units and was more into the pure math side to do with algebra, and the theory side rather than application. I know you need a degree as part of becoming a teacher, and I did enjoy explaining maths to other people, but being a teacher is a lot of responsibility and not sure really how much free time you get with marking at home, coming up with class material etc.
My credit score is in the Good tier as I have made some fairly big purchases for personal and business reasons which were made on a credit card and paid off in full before the due date.
I have already had a fair amount of suggestions Pete & Russell and still unsure, if you have some specifics then drop me a message or maybe you can post here too or find my thread in the Car Buying section (or via my profile if it shows up there).
Also, what other opportunities would you say I should be thinking about at my age instead? Perhaps travelling abroad would be cool, as I honestly have never been abroad yet, but I kind of wanted to save the first time until with family, but medical issues and stuff have got in the way of doing that, plus we don't really go out as much as a family as we did before my teenage years.
Oh, and an Up isn't really top of my list in terms of safety, I think they're maybe a bit small in that regard but my last car was a Fiesta and it held up very well when it was rear ended. Who knows what would've happened in an older car there.
I suppose my question is what should I be doing or what do you think is the best option for me? I had this discussion briefly earlier with one of my parents and they honestly don't know, but they assure me that we will sort it out when the time is right, and that's what happened last time. I just want to make sure I get something that's more fun and that I can potentially modify and I think the best way to do that is with something that's older, or get something that's already pretty fun out of the box. My parents don't really get the whole thing around modifying cars, even if my taste is more OEM+, because they feel the cars come perfect from factory, and any modification is taking away from that, even though changing induction hoses or an exhaust system to a Miltek or Cobra for example actually makes things flow and perform better, and it's not just a boy racer gimmick
I think that's it for now, and some people my age or from my high school / sixth form cohort are in relationships, engaged or bought their first properties etc, but it feels impossible to buy a house right near me now without literally being a lottery winner, and I'm not in a hurry to move out, I think. :P
I don't know what "life decisions" there are for me to make lol... I'm looking / still in the application process for maybe another job doing a similar thing to what I'm doing now, so I have relevant experience. I went to University and thought it'd open a lot of options, but I wasn't interested or particularly skilled in the financial math or statistical units and was more into the pure math side to do with algebra, and the theory side rather than application. I know you need a degree as part of becoming a teacher, and I did enjoy explaining maths to other people, but being a teacher is a lot of responsibility and not sure really how much free time you get with marking at home, coming up with class material etc.
Stallzy said:
was more into the pure math side to do with algebra, and the theory side rather than application. I know you need a degree as part of becoming a teacher, and I did enjoy explaining maths to other people, but being a teacher is a lot of responsibility and not sure really how much free time you get with marking at home, coming up with class material etc.
The one thing I wish I could have told my younger self is forget about cars, ans focus on your self and career.We are literally living through the 4th industrial revolution, understanding how to apply digital data in the real world, machine learning, advanced data analytics, pure maths is the basis for all of that. If I was 20 years younger and had the brains to do pure maths to a decent level I wouldn't be aiming to be a teacher, DeepMind, NVIDIA, iBM etc is where I would be sending my CV.
As for needing to do 'hard work', that's never changed or will change. My dad always told me 'No one will put rice in your rice bowl but yourself', its now what I tell my 6 year old every day. It doesn't matter how much talent, ambition, skill you think (or might) you have, if you aren't prepared to put the work in - especially when you are young, you have no one else to blame in the future but your self.
Not wanting to go down a career paths because you think it requires too much work........if you ever want to be in the position to buy a brand new RS6 equivalent in 10-20 years time, you have to put the work in, there is no short cuts in the real world.
Oh if you want instant feedback, Twitter is where you need to go.......most of us on here are too old to know the difference between Instagram and Facebook!
.Edited by gangzoom on Tuesday 13th December 04:38
gangzoom said:
Stallzy said:
was more into the pure math side to do with algebra, and the theory side rather than application. I know you need a degree as part of becoming a teacher, and I did enjoy explaining maths to other people, but being a teacher is a lot of responsibility and not sure really how much free time you get with marking at home, coming up with class material etc.
The one thing I wish I could have told my younger self is forget about cars, ans focus on your self and career.We are literally living through the 4th industrial revolution, understanding how to apply digital data in the real world, machine learning, advanced data analytics, pure maths is the basis for all of that. If I was 20 years younger and had the brains to do pure maths to a decent level I wouldn't be aiming to be a teacher, DeepMind, NVIDIA, iBM etc is where I would be sending my CV.
As for needing to do 'hard work', that's never changed or will change. My dad always told me 'No one will put rice in your rice bowl but yourself', its now what I tell my 6 year old every day. It doesn't matter how much talent, ambition, skill you think (or might) you have, if you aren't prepared to put the work in - especially when you are young, you have no one else to blame in the future but your self.
Not wanting to go down a career paths because you think it requires too much work........if you ever want to be in the position to buy a brand new RS6 equivalent in 10-20 years time, you have to put the work in, there is no short cuts in the real world.
Whenever i work with young people I almost always recommend that they look at how they invest in themselves, to improve career prospects, and remain flexible enough to exploit opportunities that come along. As GZ says, now really is the age of the geek.
A car can be an important part of modern life, but when you’re young and figuring out what you want from life and how to ge there, being tied into a significant multi-year commitment can limit your options.
Personally, if I were you, I’d start by looking/thinking carefully about job/career first. You say you’re self-employed, but you’ve. It said what you do or why you chose self-employment at a young age, but do seem to suggest that you’re not that fixed on what you do at present. It doesn’t really matter whether you are or are not, as the main message is really the same: don’t assume that anyone else is going to invest in your business/career. The more you take ownership of this, the more you put yourself in control of pace, direction, and trajectory of your career.
There is nothing wrong with choosing lifestyle over career but it can be a decision with long-term implications and I’m struggling to think of any of my old school/university friends who made that decision early and have better lifestyles than those who worked their nuts off for 20 years first… but, as with everything, you need a bit of balance to avoid being the guy who ever actually enjoys the fruits of their labour.
Stallzy said:
Thank you for the replies guys. I was going to say this before but repayments on a £10k bank loan or installments on a £15k car via PCP are definitely less than 50% of my monthly income, pretty sure. Sorry I couldn't reply sooner, like a couple hours ago when I first saw the replies but had to get tonight's work done first. Also, some reason I didn't get email notifications of any responses here
My credit score is in the Good tier as I have made some fairly big purchases for personal and business reasons which were made on a credit card and paid off in full before the due date.
I have already had a fair amount of suggestions Pete & Russell and still unsure, if you have some specifics then drop me a message or maybe you can post here too or find my thread in the Car Buying section (or via my profile if it shows up there).
Also, what other opportunities would you say I should be thinking about at my age instead? Perhaps travelling abroad would be cool, as I honestly have never been abroad yet, but I kind of wanted to save the first time until with family, but medical issues and stuff have got in the way of doing that, plus we don't really go out as much as a family as we did before my teenage years.
Oh, and an Up isn't really top of my list in terms of safety, I think they're maybe a bit small in that regard but my last car was a Fiesta and it held up very well when it was rear ended. Who knows what would've happened in an older car there.
I suppose my question is what should I be doing or what do you think is the best option for me? I had this discussion briefly earlier with one of my parents and they honestly don't know, but they assure me that we will sort it out when the time is right, and that's what happened last time. I just want to make sure I get something that's more fun and that I can potentially modify and I think the best way to do that is with something that's older, or get something that's already pretty fun out of the box. My parents don't really get the whole thing around modifying cars, even if my taste is more OEM+, because they feel the cars come perfect from factory, and any modification is taking away from that, even though changing induction hoses or an exhaust system to a Miltek or Cobra for example actually makes things flow and perform better, and it's not just a boy racer gimmick
I think that's it for now, and some people my age or from my high school / sixth form cohort are in relationships, engaged or bought their first properties etc, but it feels impossible to buy a house right near me now without literally being a lottery winner, and I'm not in a hurry to move out, I think. :P
I don't know what "life decisions" there are for me to make lol... I'm looking / still in the application process for maybe another job doing a similar thing to what I'm doing now, so I have relevant experience. I went to University and thought it'd open a lot of options, but I wasn't interested or particularly skilled in the financial math or statistical units and was more into the pure math side to do with algebra, and the theory side rather than application. I know you need a degree as part of becoming a teacher, and I did enjoy explaining maths to other people, but being a teacher is a lot of responsibility and not sure really how much free time you get with marking at home, coming up with class material etc.
If I where you I would be leaving both PCP or Loans well alone and getting something cheap and cheerful. You still live at home, self employed, and you state your monthly income varies month to month. Taking out a huge loan would be a bizarre idea, and really restrict on what you can do. My credit score is in the Good tier as I have made some fairly big purchases for personal and business reasons which were made on a credit card and paid off in full before the due date.
I have already had a fair amount of suggestions Pete & Russell and still unsure, if you have some specifics then drop me a message or maybe you can post here too or find my thread in the Car Buying section (or via my profile if it shows up there).
Also, what other opportunities would you say I should be thinking about at my age instead? Perhaps travelling abroad would be cool, as I honestly have never been abroad yet, but I kind of wanted to save the first time until with family, but medical issues and stuff have got in the way of doing that, plus we don't really go out as much as a family as we did before my teenage years.
Oh, and an Up isn't really top of my list in terms of safety, I think they're maybe a bit small in that regard but my last car was a Fiesta and it held up very well when it was rear ended. Who knows what would've happened in an older car there.
I suppose my question is what should I be doing or what do you think is the best option for me? I had this discussion briefly earlier with one of my parents and they honestly don't know, but they assure me that we will sort it out when the time is right, and that's what happened last time. I just want to make sure I get something that's more fun and that I can potentially modify and I think the best way to do that is with something that's older, or get something that's already pretty fun out of the box. My parents don't really get the whole thing around modifying cars, even if my taste is more OEM+, because they feel the cars come perfect from factory, and any modification is taking away from that, even though changing induction hoses or an exhaust system to a Miltek or Cobra for example actually makes things flow and perform better, and it's not just a boy racer gimmick
I think that's it for now, and some people my age or from my high school / sixth form cohort are in relationships, engaged or bought their first properties etc, but it feels impossible to buy a house right near me now without literally being a lottery winner, and I'm not in a hurry to move out, I think. :P
I don't know what "life decisions" there are for me to make lol... I'm looking / still in the application process for maybe another job doing a similar thing to what I'm doing now, so I have relevant experience. I went to University and thought it'd open a lot of options, but I wasn't interested or particularly skilled in the financial math or statistical units and was more into the pure math side to do with algebra, and the theory side rather than application. I know you need a degree as part of becoming a teacher, and I did enjoy explaining maths to other people, but being a teacher is a lot of responsibility and not sure really how much free time you get with marking at home, coming up with class material etc.
Why not invest the money into growing your business / being self employed. Save it and go travelling, backpack round europe? Save it towards a house deposit or for moving out on your own. Or just go out and enjoy yourself each weekend.
Having a huge financial drain each month on a car just seems like you have the wrong priorities.
Hi all, thank you for your replies. I was up from like midday to 6am yesterday and still had to force myself to sleep a bit lol, so only just got up around an hour ago (edit: well 1-2pm, this ended up taking a while to write) and couldn't easily reply with quotes etc from my mobile.
To be honest, my goals aren't that crazy and I value my mental sanity and getting a decent amount of sleep than chasing after say £1500-2000 a month or whatever. That being said, you have a good point of now is the best time to put the hard work in, because it will probably only feel more tedious or difficult years down the line maybe?
As for Twitter, let's just say my profile on there probably isn't the best and I have many a time found myself getting in arguments etc, so I now barely use the platform lol. Same thing kinda happened with Instagram years ago too, but that was 3-4 years ago and I sort of cringe reading back through the way I was talking before.
"You say you’re self-employed, but you’ve. It said what you do" - I'm going to take this as a typo and guess you said that I say I'm self employed, but I've not said what i do. I work doing a lot of typing and the rest is sort of under a NDA or like I can't reveal the details for many reasons. I've been going at it for around 18 months at this point and pay is okay, but I have my own limits in terms of how much I can physically type in a day and also time management could be better to maximise how many hours I'm available. I don't know what an average job take home pay is every month, but say it's £1500 or so, then I can usually make half of that a month.
So I'm not sure how I could grow this in particular hustle, but there is some graphic design work related to cars which I considered doing, but it would involve a lot of social media work, and I swear for some reason Instagram has blocked my mobile number from making new accounts when I tried years ago after I had one alt account that I didn't ever post on, but just look at posts/stories of people who had blocked me as I still wanted to see what they were up to. I should be able to sort it out over an email, or maybe it's some issue with my phone that I've had for 6 years.
As I said above, I have been out in even my local area or the UK lol less than 10 times since March 2020, I'm not exactly planning a trip to the Nurburgring or backpacking round Europe or travelling to Japan in a few months time
I'm not that kind of person really that has the urge to get out so often, but been to like one concert a month in October and November, and that was nice. And again, I'm not that kind of person where I feel compelled to leave home and be in my own space. Yeah, there are things such as not having a garage, or as my mum has been vegetarian her whole life, I've never been able to cook burgers and steaks etc at home, but those are compromises for otherwise a situation some would love to be in.
A £10-11k loan would cost me like £300-350 a month for 3 years if I'm not mistaken, and that doesn't seem too stretching to me, but I don't even know if I'd be offered it in the first place due to not having a full-time fixed salary coming through. This may be subject to change though as I am still waiting to hear back regarding a job I applied to a bit over a month ago, and they have started reviewing applications since the end of last week. It would be good to be able to do that and also still put some time into my current work, but it may be too much.
Hopefully that clears things up, but I'm still not sure how much to be spending on a car right now to be honest or what my options are up the price brackets. I was thinking something like a MK5 Golf GTI (if I can find an okay one and keep a slush fund for maintenance or use some remainder of loan) or a Suzuki Swift Sport, or perhaps something else like an Alfa? Could go for something more boring but that doesn't seem like it would be too much fun to take to car events.
Just checked my browser history and it's possible I've been sat here drafting this reply for an hour, so I'll leave it there for now... Thanks again. Also, a lot of people will think I'm crazy but I sometimes get signs or random thoughts of things that are going to happen in the future, and on a few occasions in the last few months it has turned out to be like 3 or 4 lottery numbers at a time that come up together (useful for the Hotpicks game). I went a bit crazy chasing the numbers a couple months ago and now have calmed that down, but now am looking at ways to make things happen by hard work or using finance or loan to advantage.
Maybe there's just too many coincidences... lol I'm gonna end this here as I'm going off topic.
Fusion777 said:
Your posts seem very confused. You started talking about cars, then it got onto maths topics and career options. The simpler you make your questions, the greater the chance you’ll have better answers
That's because I am, indeed, rather confused lol...gangzoom said:
The one thing I wish I could have told my younger self is forget about cars, ans focus on your self and career.
We are literally living through the 4th industrial revolution, understanding how to apply digital data in the real world, machine learning, advanced data analytics, pure maths is the basis for all of that. If I was 20 years younger and had the brains to do pure maths to a decent level I wouldn't be aiming to be a teacher, DeepMind, NVIDIA, iBM etc is where I would be sending my CV.
As for needing to do 'hard work', that's never changed or will change. My dad always told me 'No one will put rice in your rice bowl but yourself', its now what I tell my 6 year old every day. It doesn't matter how much talent, ambition, skill you think (or might) you have, if you aren't prepared to put the work in - especially when you are young, you have no one else to blame in the future but your self.
Not wanting to go down a career paths because you think it requires too much work........if you ever want to be in the position to buy a brand new RS6 equivalent in 10-20 years time, you have to put the work in, there is no short cuts in the real world.
Oh if you want instant feedback, Twitter is where you need to go.......most of us on here are too old to know the difference between Instagram and Facebook!.
I don't know how to say it without underselling myself, but like I don't think I'm that kind of person who can do all those things like machine learning, data analysis, etc. I don't have the statistical background or the experience in those kind of subject areas. I finished University in 2020, after having to complete the final semester online.We are literally living through the 4th industrial revolution, understanding how to apply digital data in the real world, machine learning, advanced data analytics, pure maths is the basis for all of that. If I was 20 years younger and had the brains to do pure maths to a decent level I wouldn't be aiming to be a teacher, DeepMind, NVIDIA, iBM etc is where I would be sending my CV.
As for needing to do 'hard work', that's never changed or will change. My dad always told me 'No one will put rice in your rice bowl but yourself', its now what I tell my 6 year old every day. It doesn't matter how much talent, ambition, skill you think (or might) you have, if you aren't prepared to put the work in - especially when you are young, you have no one else to blame in the future but your self.
Not wanting to go down a career paths because you think it requires too much work........if you ever want to be in the position to buy a brand new RS6 equivalent in 10-20 years time, you have to put the work in, there is no short cuts in the real world.
Oh if you want instant feedback, Twitter is where you need to go.......most of us on here are too old to know the difference between Instagram and Facebook!
.Edited by gangzoom on Tuesday 13th December 04:38
To be honest, my goals aren't that crazy and I value my mental sanity and getting a decent amount of sleep than chasing after say £1500-2000 a month or whatever. That being said, you have a good point of now is the best time to put the hard work in, because it will probably only feel more tedious or difficult years down the line maybe?
As for Twitter, let's just say my profile on there probably isn't the best and I have many a time found myself getting in arguments etc, so I now barely use the platform lol. Same thing kinda happened with Instagram years ago too, but that was 3-4 years ago and I sort of cringe reading back through the way I was talking before.
LooneyTunes said:
(shortened the quote a bit)
A car can be an important part of modern life, but when you’re young and figuring out what you want from life and how to ge there, being tied into a significant multi-year commitment can limit your options.
Personally, if I were you, I’d start by looking/thinking carefully about job/career first. You say you’re self-employed, but you’ve. It said what you do or why you chose self-employment at a young age, but do seem to suggest that you’re not that fixed on what you do at present. It doesn’t really matter whether you are or are not, as the main message is really the same: don’t assume that anyone else is going to invest in your business/career. The more you take ownership of this, the more you put yourself in control of pace, direction, and trajectory of your career.
I get what you mean, but I've been out like less than 10 times since April 2020 or so when the world shut down, and I have been carless since around the same time too. I want to get back into enjoying cars again and I haven't access to one for quite some time, and would be nice to get to events next year once the weather's better and show season starts. I hadn't driven for three years until taking a refresher lesson last week for a couple hours, so I really want or need to get confidence back and things like I've never driven on a motorway yet are also a hurdle I have to overcome.A car can be an important part of modern life, but when you’re young and figuring out what you want from life and how to ge there, being tied into a significant multi-year commitment can limit your options.
Personally, if I were you, I’d start by looking/thinking carefully about job/career first. You say you’re self-employed, but you’ve. It said what you do or why you chose self-employment at a young age, but do seem to suggest that you’re not that fixed on what you do at present. It doesn’t really matter whether you are or are not, as the main message is really the same: don’t assume that anyone else is going to invest in your business/career. The more you take ownership of this, the more you put yourself in control of pace, direction, and trajectory of your career.
"You say you’re self-employed, but you’ve. It said what you do" - I'm going to take this as a typo and guess you said that I say I'm self employed, but I've not said what i do. I work doing a lot of typing and the rest is sort of under a NDA or like I can't reveal the details for many reasons. I've been going at it for around 18 months at this point and pay is okay, but I have my own limits in terms of how much I can physically type in a day and also time management could be better to maximise how many hours I'm available. I don't know what an average job take home pay is every month, but say it's £1500 or so, then I can usually make half of that a month.
Challo said:
If I where you I would be leaving both PCP or Loans well alone and getting something cheap and cheerful. You still live at home, self employed, and you state your monthly income varies month to month. Taking out a huge loan would be a bizarre idea, and really restrict on what you can do.
Why not invest the money into growing your business / being self employed. Save it and go travelling, backpack round europe? Save it towards a house deposit or for moving out on your own. Or just go out and enjoy yourself each weekend.
Having a huge financial drain each month on a car just seems like you have the wrong priorities.
What do you mean by cheap and cheerful, how much are we talking or what kind of suggestions? In terms of my business / self employed basis, I really can't go into the details too much but I guess the best way to explain it is I am a contractor and work as part of a supply chain of documents that need typing. I am mostly reliant on an agency to send me these jobs, and they provide me software which helps me do it much easier than if I ever tried to do it from scratch, and I cannot recreate that software.Why not invest the money into growing your business / being self employed. Save it and go travelling, backpack round europe? Save it towards a house deposit or for moving out on your own. Or just go out and enjoy yourself each weekend.
Having a huge financial drain each month on a car just seems like you have the wrong priorities.
So I'm not sure how I could grow this in particular hustle, but there is some graphic design work related to cars which I considered doing, but it would involve a lot of social media work, and I swear for some reason Instagram has blocked my mobile number from making new accounts when I tried years ago after I had one alt account that I didn't ever post on, but just look at posts/stories of people who had blocked me as I still wanted to see what they were up to. I should be able to sort it out over an email, or maybe it's some issue with my phone that I've had for 6 years.
As I said above, I have been out in even my local area or the UK lol less than 10 times since March 2020, I'm not exactly planning a trip to the Nurburgring or backpacking round Europe or travelling to Japan in a few months time
I'm not that kind of person really that has the urge to get out so often, but been to like one concert a month in October and November, and that was nice. And again, I'm not that kind of person where I feel compelled to leave home and be in my own space. Yeah, there are things such as not having a garage, or as my mum has been vegetarian her whole life, I've never been able to cook burgers and steaks etc at home, but those are compromises for otherwise a situation some would love to be in.A £10-11k loan would cost me like £300-350 a month for 3 years if I'm not mistaken, and that doesn't seem too stretching to me, but I don't even know if I'd be offered it in the first place due to not having a full-time fixed salary coming through. This may be subject to change though as I am still waiting to hear back regarding a job I applied to a bit over a month ago, and they have started reviewing applications since the end of last week. It would be good to be able to do that and also still put some time into my current work, but it may be too much.
Hopefully that clears things up, but I'm still not sure how much to be spending on a car right now to be honest or what my options are up the price brackets. I was thinking something like a MK5 Golf GTI (if I can find an okay one and keep a slush fund for maintenance or use some remainder of loan) or a Suzuki Swift Sport, or perhaps something else like an Alfa? Could go for something more boring but that doesn't seem like it would be too much fun to take to car events.
Just checked my browser history and it's possible I've been sat here drafting this reply for an hour, so I'll leave it there for now... Thanks again. Also, a lot of people will think I'm crazy but I sometimes get signs or random thoughts of things that are going to happen in the future, and on a few occasions in the last few months it has turned out to be like 3 or 4 lottery numbers at a time that come up together (useful for the Hotpicks game). I went a bit crazy chasing the numbers a couple months ago and now have calmed that down, but now am looking at ways to make things happen by hard work or using finance or loan to advantage.
Maybe there's just too many coincidences... lol I'm gonna end this here as I'm going off topic.
Edited by Stallzy on Tuesday 13th December 15:55
Stallzy said:
A £10-11k loan would cost me like £300-350 a month for 3 years if I'm not mistaken, and that doesn't seem too stretching to me, but I don't even know if I'd be offered it in the first place due to not having a full-time fixed salary coming through. This may be subject to change though as I am still waiting to hear back regarding a job I applied to a bit over a month ago, and they have started reviewing applications since the end of last week. It would be good to be able to do that and also still put some time into my current work, but it may be too much.
Before you start dreaming of PCP and Loan Deals I would be checking what finance you can actually get. Being self-employed, with varied income each month I would suspect your options would be limited. Edited by Stallzy on Tuesday 13th December 15:55
If the loan is going to cost approx 50% of your income then it is too much. What happens when you need a service and a couple of tyres, or need to put petrol in it, or tax it or insure it?
... And what do you need a car for? Far more productive things to spend money on when earning what you areIf you need/ want a car take the advice about the Focus and judge the real costs from that point....
... And what do you need a car for? Far more productive things to spend money on when earning what you areIf you need/ want a car take the advice about the Focus and judge the real costs from that point....
Jordie Barretts sock said:
Some life experience would be the first thing to look for. Not a fantasy car on finance.
I think that's what we are trying to say but nicely .Am sure we can all remember been young and having no clue how the world works. For me cars is what motivated to me to work harder, aim for the next step up the ladder. IMHO finance on any car is mad any age......but that's a different can of worms
.Jordie Barretts sock said:
University holidays isn't it.
Kid has no regular income and thinks he can get finance on a car as we head into recession and that a VW Up! isn't a safe car.
Some life experience would be the first thing to look for. Not a fantasy car on finance.
Sadly I don’t think this applies (but would make it more palatable!Kid has no regular income and thinks he can get finance on a car as we head into recession and that a VW Up! isn't a safe car.
Some life experience would be the first thing to look for. Not a fantasy car on finance.
You’ve got a degree which suggests you’ve at least finished Uni, unless you live in a third world remote hell hole of the UK….why are you on,y working part time? You think an average wage is £1500 a month and seem happy to bring home £750……lift your eyes up and have a decent horizon! That is minimum wage territory, you went to Uni to gain an advantage, so use it!
You seem to be scattering around unsure of what to do or where to go, you could do with setting some life goals and working out how to achieve them, asking random internet folks what you should do with your life is what kids do, ask the internet for help in achieving a goal is more sensible.
Jim
- grumpybloke
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