Should I buy a car?
Discussion
Are you all sitting comfortably? Good... then I'll begin!
I'm in the process of buying my first flat and so will shortly be relatively skint...
At the moment I'm leasing a Ford Mondeo TDCi for £165 a month all-in (ridiculously discounted thanks to my brother being an employee and it includes insurance, servicing etc.) but... the insurance is Social, Domestic and Pleasure only so I can't use it for commuting! BUT at the moment it won't be a problem as work is a 15 min train ride away.
SWMBO thinks that if I bought a car (with some money I happen to have lying around doing nothing, which would otherwise pay off a lump of mortgage) she could use it two days a week to cut down on the mileage and hence depriciation on her 05-reg Civic. She does about 20k miles a year and thinks it would be most cost efficient to do this, as her car will be worth more money and 'my car' will have only done average miles.
She also suggested that if I get another job in the near future whereby I would need to drive I'll need to buy a car and will be stuffed... but... I was thinking if that happened I'd just buy a barge for about 1k (BMW e28 anyone?).
So I put it to the PH collective... what do you reckon? Has she got a point? or shall I crack on with the lease car?
I could always keep say 4 or 5k tucked away to buy a car in the future I s'pose.
I'm in the process of buying my first flat and so will shortly be relatively skint...
At the moment I'm leasing a Ford Mondeo TDCi for £165 a month all-in (ridiculously discounted thanks to my brother being an employee and it includes insurance, servicing etc.) but... the insurance is Social, Domestic and Pleasure only so I can't use it for commuting! BUT at the moment it won't be a problem as work is a 15 min train ride away.
SWMBO thinks that if I bought a car (with some money I happen to have lying around doing nothing, which would otherwise pay off a lump of mortgage) she could use it two days a week to cut down on the mileage and hence depriciation on her 05-reg Civic. She does about 20k miles a year and thinks it would be most cost efficient to do this, as her car will be worth more money and 'my car' will have only done average miles.
She also suggested that if I get another job in the near future whereby I would need to drive I'll need to buy a car and will be stuffed... but... I was thinking if that happened I'd just buy a barge for about 1k (BMW e28 anyone?).
So I put it to the PH collective... what do you reckon? Has she got a point? or shall I crack on with the lease car?
I could always keep say 4 or 5k tucked away to buy a car in the future I s'pose.
not sure Ford will see it that way!Have decided to keep some money stashed away for when I eventually need to buy a car where it can be earning some interest.
In the meantime it's 10 days til I order my next lease car... given the amount of mileage I'm doing (maybe 400 miles a month!) I'm quite tempted by a Ford SportKa... would that make me look rather suspect?
In the meantime it's 10 days til I order my next lease car... given the amount of mileage I'm doing (maybe 400 miles a month!) I'm quite tempted by a Ford SportKa... would that make me look rather suspect?
gorvid said:
Why not try fomething that is not a ford...?
Lease deal is Ford or PAG cars only... and ideally I want something quite cheap!
nightdriver said:
Fiesta ST?
That's next on my list... I can only have one of these when I'm 25 (which is in 3 months) luckily is a short-term 6 month lease so will get one next! Or maybe a Focus ST...
bga said:
sports Ka is only a hom wagon if you give a toss what other people think. FWIW I love Ka's - they are great drives for the money.
I really enjoyed driving my sister-in-law's 1.3 Ka2... really impressed by the handling. The sportKa ought to have just enough grunt to make it entertaining too. A streetka though... that's definately a hom-wagon!
mcflurry said:
If anything happens, "I wasn't driving to work, I was on my way to macdonalds for breakfast"
But you would say that though...
texasjohn said:
Sounds a bit like these classic car policies you get, everything covered except commuting and business use, mind you can't complain with the prices.
As others hace said, 165 quid a month is cheap. Even at US prices, that is cheap for a car of that size/value.
Absolutely - A Fiesta or a SportKa would probably only be about 100 a month... musn't grumble at that!
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