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

[gareth.e]

Currently unemployed but spotted a kit car for sale online which I havent stopped eyeing up since I last week.. It will mean I wipe all my savings and have to live on bread and water until I get a job, motivation prehaps?

I would wait but I'm scared I'll never have the oppotunity to buy something that looks exactly how it does again.. (no links as I'm even scared one of you might buy it!)

This has happened to me before when I spotted a stripped out yellow 205 rallye to the perfect spec imo (would cost thousands more if I found a standard one and looked to modify it to same standard) I left it too late and it went.. I then saw it at a car gathering a few months later after I had just bought my current car.. I felt gutted tbh

Someone please tell me I'm mad before I do something extremely stupid

[gareth.e]

snuffle said:

buy it,
you can always sell it later, but once you have missed it, it's gone forever.

Also I don't believe it will ever lose money unless I destroy the engine or fail to keep it looking shiny..

RemainAllHoof said:

Presumably, you're living at home. If not, you're an idiot. Or maybe not because if you make sure you have very little savings, you can claim a few benefits I expect.

yep, I've moved back home so very little outgoings, I paid for insurance in full.. So just food petrol and phone bills atm

[gareth.e]

RemainAllHoof said:

fk it. Do it. Unless you think your parents will kill you.

Not sure how my dad would react, he wouldnt stop me.. I would put him on the insurance as I've always wanted him to have something fun to drive but hes only owned crap family cars since giving birth to me

my mum on the other hand would probably scream and threaten to kick me out

[gareth.e]

Sorry guys no link! I'm scared you'll buy it just to make me cry for eternity or worse still destroy my bargining skills with the seller

All I'll say is its a westfield!

I'll post it if I get a viewing arranged.. And post loads of (maybe too many) pictures if it ends up being mine

I'm doing more research now about them..

I've made a decision

I'm going to ring the seller tomorrow and hopefully get some quotes from insurers

Edited by gareth.e on Thursday 28th April 22:22

[gareth.e]

Cock Womble 7 said:

gareth.e said:

my mum on the other hand would probably scream and threaten to kick me out

They all do that Sir.

Glade said:

You handy with spanners?

I'd predict that a "cheap" westy won't be!

It's not the cheapest, the ones I've been looking at are around 6-7.5k

I'm not 'great' but willing to learn.. Basic stuff like cambelt, brake pads/disc, oil etc are as much as I've done

[gareth.e]

^ 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!)

[gareth.e]

Welshbeef said:

This OP question highlights why the UK has the highest personal debt in the western world.

OP you don't have a job, you have some savings which is good but frankly you have no idea how long you will be out of work plus you should aim to have a min of 6 months savings for emergencies as in lost job to pay for you to live.

The vehicle is totally unrequited - I tell you what I'd really like a F40 honestly would love one and an AC cobra 427ci original however if i was unemployed and spent my savings on buying one I'd be an idiot and deserve all the pain that comes.

Buying it is going beyond your means. You are living with mummy and daddy and as highlighted no costs - get in the real world they are in effect substituting your income to the tune of £600pcm possibly more yet you even state that buying this car may give you the motivation you need to get a job?? What the feck get real. Motivation is you have no job you currently are classed as a bum and moreso a mummy boy bum who cannot support himself.
I lived from 17 away from parents home supporting myself I have pride - offer was there to stay but not needed I pay my own way. If things go wrong I deal with it I take it like a man not hide behind mummy and daddy.


Also when you do get a job buy one after a few months sure it may be a few £k more but that doesn't really matter your earning paying your own way.
The final thing - you don't believe it will ever be worth any less- utter ste, fore sale which would be the end result if 10 months later still no job.
Be fair on your parents get a job they are merely carrying working hard incase you cannot man up let them retire why would you want them to be working while your a bum- your sending them to an early grave.


Now hopefully some of that has sunk. Don't listen to other kids on here man up understand the situation you are in - not living in the real world.

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?

I haven't gone ahead with it but at the end of the day its not like I would have gone into debt and I would still have a slowly deprecating asset. Insurance and road tax were pittance.

Edit: just read the full text rather than the first line. Sounds like either your parents didn't love you, you have a chip on your shoulder or you simply couldn't stand your parents.

I hate people who cry about their up bringing.
I hate people who think its some sort of achievement to get into university.
Most of all I hate people who blab on about how independent they are.

I don't give a fk if you left home at 17, do you want a fking medal?

I've been in full time education since I was 2ft tall.

Well done. I left home at 18 and decided it made financial sense to move back home for a year at 21.

What's the betting you rented like a stupid prick for god knows how many years..

When I'm as old as you we'll see who's better off.

Edited by gareth.e on Wednesday 11th May 01:22

[gareth.e]

Mr Dave said:

Buy a £1000 quid motorbike and scare the life(the brown kind) out of yourself,7s are great but cannot compare to a bike and for that money youd have to be daft to buy a car, probably cheaper fuel and running costs on the bike than your car at the minute now too.

Or. Set that money aside and say you are buying it as soon as you get a job, will motivate you quite well.

Or. Give that money to charity, you obviously dont need it if you can waste it on a second car, give it to people that do need it.

Or. And this is what I would do, use a wee bit of your savings, pay for your parents to go on a nice holiday as a thankyou for looking after you.

I constantly look at motorbikes but every time I mention doing my test my mum crys and my father says he's always wanted one to use in summer.. But then it makes me see where my mum is coming from because I really wouldn't want my father to ride one. I had a moped and had a couple of cheap geared bikes for off road use. Come off a few times off/on road including getting side swept by an old man.

Performance per pound a bike seems the most fun and I would only use on nice dry days, I've been out in snow/hail/rain/ice/pitch black and its quite a horrible experience at times!

[gareth.e]

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?

Renting is for retards or people who need to be very flexible. 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

[gareth.e]

grantone said:

The whole point of Welshbeef's post was that living at your parent's house is not free, they are subsidising you a small amount in cash terms and a large amount in lifestyle terms. Do you really think they want their 22 year old graduate unemployed son living in their house while he waits to go travelling?

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

[gareth.e]

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.

[gareth.e]

I Am Milk said:

gareth.e said:

grantone said:

The whole point of Welshbeef's post was that living at your parent's house is not free, they are subsidising you a small amount in cash terms and a large amount in lifestyle terms. Do you really think they want their 22 year old graduate unemployed son living in their house while he waits to go travelling?

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

You sound like a vain, spoilt little .

Unbelievable.

If my parents didn't want me living here I wouldn't be here. Nearly all of my friends have moved back in with their parents, unless they've got jobs the other side of the country. The living situation is hardly ideal for me as they have moved miles away from where I grew up subsequently I spend silly amounts on petrol and travel expenses.

I am not from a 'wealthy' family so why am I spoilt little ?

Sounds like you're envious because you had a st start because you got kicked out.

[gareth.e]

It seems people haven't read the entire thread:

I made a conscious decision to move back home after university

I may have sounded like a bit of a self centered dhead when I said 'they could deal with it' but I have a small impact on their lifestyle and if they wanted me out of here I would go although it would make things more difficult for me

if you can live at home for a year or so when you're young for free while you attempt to save for a deposit then why wouldn't you?

I decided against buying the kit car before the thread was resurrected

I would have been able to sell the the kit car when I needed a deposit

I respect some people have to rent because they haven't prioritized saving or they have been forced to move out at a young age

if you consciously chose to rent into your late 20's and into your 30's when you're in a stable lifestyle then you really are a retard

the total cost of the gti6 and insurance came to 2.5k and I have 0ncb because it didn't make financial sense to drive at uni despite cycling miles to work and being desperate to drive.

If I purchased the kit car I would have needed to ensure I work my arse off to go traveling because I wouldn't have been able to go otherwise

Edited by gareth.e on Wednesday 11th May 11:13

[gareth.e]

Jonathan Legard said:

The bold supersize makes your argument seem wholly logical.

It makes my statement easy to spot and ensures people don't skip past it.

[gareth.e]

doogz said:

gareth.e said:

if you consciously chose to rent into your late 20's and into your 30's when you're in a stable lifestyle then you really are a retard

Says the unemployed mummys boy that lives at home, and was about to spend every penny he had on a second car?

Cool.

He didn't and he doesn't need his money at the moment. If I told you I was going to put all my money into a commodity and my insurance has gone up £400 you wouldn't blink an eye.

[gareth.e]

g3org3y said:

gareth.e said:

if you consciously chose to rent into your late 20's and into your 30's when you're in a stable lifestyle then you really are a retard

Quite sweeping and bound to inflame the situation with many posters here I reckon.

Out of interest, what did you study at uni?

I was heavily pressured to go straight to university at 18.. I had offers for software engineering at some decent unis but was worried about getting into IT as I know things will change. Also I did 1st/2nd line support during the summer holidays in 6th form which put me off my Passion for computers for life! I use to be really into computers/programming/overclocking from about 12-18, but I felt I was growing out of it. The demographic that attended opening days didn't help! I took the bland backup on my ucas and Ive got a 2:1 business management degree.

[gareth.e]

Mark Benson said:

c0ldpl4ya said:

1UP said:

Save to go travelling, see as much as you can - you might find that the car is not top of your priorities when you come back.

Most sensible post yet

Depends. There's 'travelling' (following the herd to Aus, NZ, Thailand etc. and having a big holoday with lots of other people just like you) and there's travelling (broadening your horizons, meeting people different to you, living as they do etc.).

Sadly, most young people these days choose the 'big holiday' option.

Going to Thailand for a long time, definelty not following the 'party' crowd though!

[gareth.e]

Twincharged said:

"living at home is free, so I'm going to do that whether my parents like it or not, while unemployed. The savings I do have I will spend on a kit car, then I shall go travelling. Furthermore, anyone who rents a property is a retard."

Have you considered being a journalist? You could write for news of the world

[gareth.e]

eg Watermelon said:

OP you're not doing yourelf any favours TBH...

You're not really in a position to say renting = retards, when you're living FOC at your parents house, whilst unemployed and wanting to blow savings which i can only assume where given to you buy your parents on a item which will lose money and go on to cost you in the future - i know you have now said you won't but you started this thread.

Plus, how do you know what you will doing when you're in your late 20s early 30s? Life is not that simple and you could be renting for the rest of your life? How do you know otherwise huh? Or, are your parents going to bail you out and pay your deposit/mortgage? Will you then be a retard? No, wait you're acting like you already are one by the attitude of your posts.

I know you're young, but then so i'm i 26) and i don't rent before you ask i have a mortgage but left home at 18 and rented for 3 years, do i want a medal? No, but at least i can say i stood on my own two feet which i really think you need to do.

You might think it's boring saving money and not spending it and looking towards your future but you can't expect everyone to agree with you when you start a thread like this, otherwise it would be 2-posts long saying do it. In a way we're looking out for you....

Whoosh...

You obviously have read everything I've typed.

[gareth.e]

eg Watermelon said:

gareth.e said:

Whoosh...

You obviously have read everything I've typed.

The truth hurts, uh?

No its called taking the piss. Read the thread.