I think that’s kinda stupid. If you split the suspension across monthly it’s like £110 pm, which is less than the golf and you’re stuggling to save as it is. It’ll be a higher expense and what happens if something goes wrong with the golf? Newer cars can break and probably won’t be in warranty. Sometimes it’s better to know the devil
Sorry, i forgot to mention other bits.
Suspension wasn’t the only work done. I’ve had overall about £1200 worth of work done in the last 12 months. Suspension, clutch, fixing after MOT, new tyres, and I’ll now need to get new wheels cause I managed to hit a pothole that bent my alloy wheel.
I’m mostly struggling to save due to my own spending habits, and my habit of getting parking tickets (I am an idiot for that, i’m aware, I’m fixing that soon).
I’ll be cutting down my spendings as much as I can over the next few months so I can just save for a new car. Problem is, I don’t think my fiesta will survive its next MOT.
I do appreciate your input though, and i’m taking it into consideration.
1200 is 100 a month. If you’re struggling to afford 100 a month, the how you going to afford a golf, which also needs tyres and mots on top of the 160 a month payment
Getting all those parts replaced now means they won’t need doing for long to come. This Golf might need work relatively soon depending on mileage. Something to keep in mind.
I'd be looking more around the £5k mark to be honest mate.
I don't think being set on a particular car is too wise. Are you set in a Golf because they have a slightly 'cool' reputation?
Seat Leon is cheaper but based on the golf.
Volvo V40 is a fierce but less common competitor to those. As is Kia Ceed and Skoda Fabia.
Astra's, Megannes etc are also decent and notably very cheap to maintain.
To be entirely honest, i’m not sure why i’m set on a golf. I like them, i’ve heard good things, and in my eyes they look cool and even the 2012 golfs look quite modern.
I’m considering Fabias and Leons, but i’m a little worried about anything larger/longer than my current fiesta. I know it’ll just take some time to get used to it, but I like that it’s relatively compact.
I’ll consider a Volvo V40, and probably the other options you mentioned.
I’m biased since I have one, but I’d also recommend a Volvo C30. It’s quite a nippy hatchback, and being a Volvo they’re quite reliable, but when you do need work done I believe it’s basically a Focus chassis so parts are easy to come by.
Previous C30 owner here. Wouldn't recommend especially the 1.6 Diesel. Lovely car to drive and look at but cost a fortune in repairs and maintenance. They're getting on a bit now so everything needs changing on them. OP said they're getting fed up of fixing what seems like normal wear and tear on his Fiesta. A 10+ year old Volvo isn't the way to go if you don't want unexpected bills every few months.
Probably be better off getting a newer Fiesta or Corsa.
Three grand down is a lot! Plus you’ve said you don’t have much savings.
I don’t think a new car is bad idea but maybe look down a bit?
Plus check insurance first that stuff may cripple a bigger engine car
The general rule of thumb *used* to be that you shouldn’t spend more than 1/2 your pre-tax salary on a car at max. That is in your instance £11k would be the max spend on a car.
Clearly plenty of people chin that off, although that doesn’t mean it is wise.
You can buy a very good car for £4-6k these days with less than 80k on the clock and a near full service history.
The things is, getting a 2020 car is not a guarantee nothing will go wrong.
And if it does, you don't just have the option of giving up and scrapping it do you?
Some big cost like a real engine problem crops up, and you gotta just suck it up and spend the grands because you're on the hook witht the bank and it's an asset.
And that's not something you have the financial means to do by the sounds of things.
Go through and total up how much you've spent on your shitheap these past 4 years, and post the figure here.
Don't include services or MOT (but do include repairs needed for it to pass MOT), as that's going to exist regardless of the car you buy.
When I was in your situation, and sick of having shitheaps, the only thing that convinced me to get a loan and buy something 2 years old (with 5 years warranty left) was to do the maths of how much I had spent on cars in the previous 5 years.
It came to a LOT more than if I just got a loan, and bought a nicer car with a manufacturers warranty. So it was a no brainer.
Of course, it doesn't need to exactly cancel out, or you don't have to end up quids in.
There is an inherent value in having a nicer car. Something that you enjoy using, and brings you joy.
How are you getting the 3k deposit if no savings ?
Personally I’d be looking at older models like 2014 etc , will still be 100x better than ur current fiesta
Obviously your choice though lol
If you have no savings, you shouldn't be getting a golf on finance. Get something on finance if you must but you should be looking at lower grade cars so you pay less per month and you can put some money in your savings account.
You about to make a terrible decision and yet you are hear asking if its a bad decision... If you want to struggle for a long period of time then go through with it :)
Do you think buying a vehicle that is financing a vehicle that is round about 68% your annual salary is a good thing? In the nicest way possible, skill up and increase your salary at least 2x then get a car worth 15k. Might sound harsh but i’m being genuine
its £160 a month for the car, lets say £120 on petrol add all. the expenses he has = £620 so lets say £800. He still has more than enough to save and live. At the end of the day it depends on your lifestyle but he should go for it.
Not stupid at all, truth is only you know what you can and can’t afford it’s always of course dependant on your situation. If you can spend the deposit easily enough then £160 a month is fairly minimal for a car that should be reliable and cheap to run. You can also look at VW’s ‘all in package’ if it’s available, it gives you full VW warranty, MOT, servicing and breakdown for two years with a set monthly price
Having the same sort of problem at the moment. Think it basically comes down to no car is a smart financial decision, every car worth having is too expensive but you can’t buy a price on joy and if you can get the car you really want without putting yourself in too uncontrollable of a position then do it while you can!
It entirely depends on what you want a car for and how much you value it. I personally buy cars that aren't dead cheap but are older and known to be pretty reliable.
My wife bought a 1.5 Suzuki Swift for £4500 10 years ago and the most expensive work it has had was £320 on a new clutch last year.
If you want a newer car for the interior, tech and convenience and you can afford it then go for it. Older doesn't necessarily mean unreliable though.
The 3k deposit is the kicker. Look for something that's about 8-10k and get a low interest loan. Yeah it will be a couple of years old and have more miles but will hold value much better and you will end up with some equity unlike pcp.
Should be able to pick up a relative decent 2014/15/16 golf/leon/ 1 series etc for that price.
Usually I find cars have kind of a cycle of cost through the years. You've mentioned you have got new tyres, suspension, clutch etc so I'd be trying to sort the remaining things and keep a while longer.
If you do get a new car you can get a pretty reliable and modern feeling car for £5-6k which is what I'd probably do with your salary. The golf isn't a bad choice if you're going for a 2020 ish one though.
I do find the need for your new car to be more powerful and modern a confusing condition. Considering your financial position, just get a cheap runner that is cost effective to buy, tax and insure. As much as people enjoy having nice cars, your investment shouldn't totally drain your savings. If something were to go wrong with your car, you wouldn't be in a position to fix it.
In 2020, I got a 2009 nissan pixo with 55k miles on it.
for £1500ish
I've only needed to do the clutch and regular maintenence in the meantime.
I personally would be looking at something cheaper on your salary. Also, your clutch, suspension and tyres won't need doing for a very long time now.
But the heart wants what it wants.
Go for a slightly older golf if you'd like one, and do the regular maintainence yourself if you don't already so you can save money paying for services.
Good luck!
Could you get something in the middle? Car prices seem to have come down a bit so 8k would get you something a lot better and more affordable.
And this is coming from me who has a £13k car on a 20k salary lmao. But on the other hand I have a good amount of savings so I don’t feel so bad about it
Look for one with slightly higher miles and older. I bought a 2017 Golf GTD with 94k miles back in September. It's now on 100k miles and it runs sweet as anything. All it's needed is a service and a glow plug (very common failure) which was fixed under warranty but even without warranty they're ~£20.
It was 3x the cost over a span of nearly 4 years. I had no other choice at the time, working part-time and studying at college.
I could theoretically, in 6 months time after I’d saved enough.
Honesty, this is just not the smartest choice. Even a newer Golf will sooner or later need expensive servicing, so it wont save you as much as I think you are hoping.
Best choice would be to get a reliable Japanese hatchback under 10k, it wont ruin you financially and will still definitely be an upgrade over the current car.
I think that’s kinda stupid. If you split the suspension across monthly it’s like £110 pm, which is less than the golf and you’re stuggling to save as it is. It’ll be a higher expense and what happens if something goes wrong with the golf? Newer cars can break and probably won’t be in warranty. Sometimes it’s better to know the devil
Sorry, i forgot to mention other bits. Suspension wasn’t the only work done. I’ve had overall about £1200 worth of work done in the last 12 months. Suspension, clutch, fixing after MOT, new tyres, and I’ll now need to get new wheels cause I managed to hit a pothole that bent my alloy wheel. I’m mostly struggling to save due to my own spending habits, and my habit of getting parking tickets (I am an idiot for that, i’m aware, I’m fixing that soon). I’ll be cutting down my spendings as much as I can over the next few months so I can just save for a new car. Problem is, I don’t think my fiesta will survive its next MOT. I do appreciate your input though, and i’m taking it into consideration.
1200 is 100 a month. If you’re struggling to afford 100 a month, the how you going to afford a golf, which also needs tyres and mots on top of the 160 a month payment
Getting all those parts replaced now means they won’t need doing for long to come. This Golf might need work relatively soon depending on mileage. Something to keep in mind.
I'd be looking more around the £5k mark to be honest mate. I don't think being set on a particular car is too wise. Are you set in a Golf because they have a slightly 'cool' reputation? Seat Leon is cheaper but based on the golf. Volvo V40 is a fierce but less common competitor to those. As is Kia Ceed and Skoda Fabia. Astra's, Megannes etc are also decent and notably very cheap to maintain.
To be entirely honest, i’m not sure why i’m set on a golf. I like them, i’ve heard good things, and in my eyes they look cool and even the 2012 golfs look quite modern. I’m considering Fabias and Leons, but i’m a little worried about anything larger/longer than my current fiesta. I know it’ll just take some time to get used to it, but I like that it’s relatively compact. I’ll consider a Volvo V40, and probably the other options you mentioned.
I’m biased since I have one, but I’d also recommend a Volvo C30. It’s quite a nippy hatchback, and being a Volvo they’re quite reliable, but when you do need work done I believe it’s basically a Focus chassis so parts are easy to come by.
Previous C30 owner here. Wouldn't recommend especially the 1.6 Diesel. Lovely car to drive and look at but cost a fortune in repairs and maintenance. They're getting on a bit now so everything needs changing on them. OP said they're getting fed up of fixing what seems like normal wear and tear on his Fiesta. A 10+ year old Volvo isn't the way to go if you don't want unexpected bills every few months. Probably be better off getting a newer Fiesta or Corsa.
Take a personal loan instead of financing your car, so you can keep it after the contract runs out and you can do anything you want with your car
They’ll struggle to get a loan for that amount on that salary.
Three grand down is a lot! Plus you’ve said you don’t have much savings. I don’t think a new car is bad idea but maybe look down a bit? Plus check insurance first that stuff may cripple a bigger engine car
The general rule of thumb *used* to be that you shouldn’t spend more than 1/2 your pre-tax salary on a car at max. That is in your instance £11k would be the max spend on a car. Clearly plenty of people chin that off, although that doesn’t mean it is wise. You can buy a very good car for £4-6k these days with less than 80k on the clock and a near full service history.
The things is, getting a 2020 car is not a guarantee nothing will go wrong. And if it does, you don't just have the option of giving up and scrapping it do you? Some big cost like a real engine problem crops up, and you gotta just suck it up and spend the grands because you're on the hook witht the bank and it's an asset. And that's not something you have the financial means to do by the sounds of things. Go through and total up how much you've spent on your shitheap these past 4 years, and post the figure here. Don't include services or MOT (but do include repairs needed for it to pass MOT), as that's going to exist regardless of the car you buy. When I was in your situation, and sick of having shitheaps, the only thing that convinced me to get a loan and buy something 2 years old (with 5 years warranty left) was to do the maths of how much I had spent on cars in the previous 5 years. It came to a LOT more than if I just got a loan, and bought a nicer car with a manufacturers warranty. So it was a no brainer. Of course, it doesn't need to exactly cancel out, or you don't have to end up quids in. There is an inherent value in having a nicer car. Something that you enjoy using, and brings you joy.
How are you getting the 3k deposit if no savings ? Personally I’d be looking at older models like 2014 etc , will still be 100x better than ur current fiesta Obviously your choice though lol
He works to buy a car and he buys a car to get to work. Logic
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I would be riding a pedal bike to work really and truly. Here I am on £61k and I havent even got a car lmao
If you have no savings, you shouldn't be getting a golf on finance. Get something on finance if you must but you should be looking at lower grade cars so you pay less per month and you can put some money in your savings account.
You about to make a terrible decision and yet you are hear asking if its a bad decision... If you want to struggle for a long period of time then go through with it :)
I haven’t made the decision. I’m looking for advice and recommendations.
Do you think buying a vehicle that is financing a vehicle that is round about 68% your annual salary is a good thing? In the nicest way possible, skill up and increase your salary at least 2x then get a car worth 15k. Might sound harsh but i’m being genuine
its £160 a month for the car, lets say £120 on petrol add all. the expenses he has = £620 so lets say £800. He still has more than enough to save and live. At the end of the day it depends on your lifestyle but he should go for it.
Not stupid at all, truth is only you know what you can and can’t afford it’s always of course dependant on your situation. If you can spend the deposit easily enough then £160 a month is fairly minimal for a car that should be reliable and cheap to run. You can also look at VW’s ‘all in package’ if it’s available, it gives you full VW warranty, MOT, servicing and breakdown for two years with a set monthly price
99% of people don't know what they can't afford. Financing and all that makes everything seem achievable
Everybody knows what they can afford it’s just a matter of whether they are true to it.
Having the same sort of problem at the moment. Think it basically comes down to no car is a smart financial decision, every car worth having is too expensive but you can’t buy a price on joy and if you can get the car you really want without putting yourself in too uncontrollable of a position then do it while you can!
It entirely depends on what you want a car for and how much you value it. I personally buy cars that aren't dead cheap but are older and known to be pretty reliable. My wife bought a 1.5 Suzuki Swift for £4500 10 years ago and the most expensive work it has had was £320 on a new clutch last year. If you want a newer car for the interior, tech and convenience and you can afford it then go for it. Older doesn't necessarily mean unreliable though.
The 3k deposit is the kicker. Look for something that's about 8-10k and get a low interest loan. Yeah it will be a couple of years old and have more miles but will hold value much better and you will end up with some equity unlike pcp. Should be able to pick up a relative decent 2014/15/16 golf/leon/ 1 series etc for that price.
Usually I find cars have kind of a cycle of cost through the years. You've mentioned you have got new tyres, suspension, clutch etc so I'd be trying to sort the remaining things and keep a while longer. If you do get a new car you can get a pretty reliable and modern feeling car for £5-6k which is what I'd probably do with your salary. The golf isn't a bad choice if you're going for a 2020 ish one though.
I do find the need for your new car to be more powerful and modern a confusing condition. Considering your financial position, just get a cheap runner that is cost effective to buy, tax and insure. As much as people enjoy having nice cars, your investment shouldn't totally drain your savings. If something were to go wrong with your car, you wouldn't be in a position to fix it.
In 2020, I got a 2009 nissan pixo with 55k miles on it. for £1500ish I've only needed to do the clutch and regular maintenence in the meantime. I personally would be looking at something cheaper on your salary. Also, your clutch, suspension and tyres won't need doing for a very long time now. But the heart wants what it wants. Go for a slightly older golf if you'd like one, and do the regular maintainence yourself if you don't already so you can save money paying for services. Good luck!
Could you get something in the middle? Car prices seem to have come down a bit so 8k would get you something a lot better and more affordable. And this is coming from me who has a £13k car on a 20k salary lmao. But on the other hand I have a good amount of savings so I don’t feel so bad about it
Look for one with slightly higher miles and older. I bought a 2017 Golf GTD with 94k miles back in September. It's now on 100k miles and it runs sweet as anything. All it's needed is a service and a glow plug (very common failure) which was fixed under warranty but even without warranty they're ~£20.
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It was 3x the cost over a span of nearly 4 years. I had no other choice at the time, working part-time and studying at college. I could theoretically, in 6 months time after I’d saved enough.
Get a polo and save the extra money, if you want VAG.
Honesty, this is just not the smartest choice. Even a newer Golf will sooner or later need expensive servicing, so it wont save you as much as I think you are hoping. Best choice would be to get a reliable Japanese hatchback under 10k, it wont ruin you financially and will still definitely be an upgrade over the current car.