How do you lot pay for your cars?
17 January 2002, 05:16 PM
#33
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I saved like mad for mine over X years & paid cash 
I wish I had`nt got it now cos its cost me a fortune 
At least I`m not paying any interest as well as losing money on depreciation.
I wish I had`nt got it now cos its cost me a fortune At least I`m not paying any interest as well as losing money on depreciation.
17 January 2002, 05:38 PM
#34
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I'm just 23 and bought my 1st scoob 2 weeks ago...
A P1!!!
I've always wanted a scoob, so after learning to drive, I started putting money away towards my goal.
working in the trade helps too - saved me £4500 on the price!
now i'm happy cos I own it outright bar £5K on finance (bank) which i'm paying off over a year.
now to start saving for that dammed house (renting sucks) ho hum..
A P1!!!
I've always wanted a scoob, so after learning to drive, I started putting money away towards my goal.
working in the trade helps too - saved me £4500 on the price!
now i'm happy cos I own it outright bar £5K on finance (bank) which i'm paying off over a year.
now to start saving for that dammed house (renting sucks) ho hum..
17 January 2002, 05:59 PM
#36
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I investigated this b4 I went anywhere to even look at buying.
£1500 from elephant - I can't argue with that, take out a egg card 0% interest for 6 months and pay it off by then.
It was nearly double that for a sti type r whaich is what I was originally going to get! - just cos it was an import!
£1500 from elephant - I can't argue with that, take out a egg card 0% interest for 6 months and pay it off by then.
It was nearly double that for a sti type r whaich is what I was originally going to get! - just cos it was an import!
17 January 2002, 06:03 PM
#37
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It's simple ....
If you want a 'Turbo' Scoob bad enough, you'll save and wait for it.
I'm in IT, and found at the age of 31 I could afford a 'Scoob'. Anytime before this ... forget it.
I saved for over 3 years (which was hard, as I like the odd pint or two) and payed in cash. What a feeling laying a bankers draft for 17K on the salesmans desk. I'll never forget it.
Save hard and wait. You'll appreciate it in the end .... or just get a huge loan and appreciate it now ;-)
Good luck.
If you want a 'Turbo' Scoob bad enough, you'll save and wait for it.
I'm in IT, and found at the age of 31 I could afford a 'Scoob'. Anytime before this ... forget it.
I saved for over 3 years (which was hard, as I like the odd pint or two) and payed in cash. What a feeling laying a bankers draft for 17K on the salesmans desk. I'll never forget it.
Save hard and wait. You'll appreciate it in the end .... or just get a huge loan and appreciate it now ;-)
Good luck.
17 January 2002, 06:15 PM
#38
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Used to get them on contract hire and lease-purchase, but I object to paying £400-odd quid a month to some finance house.... Wife's car is on a loan from Direct Line (8.8%, I seem to remember). Luckily, been able to save enough to buy new WRX 5 door cash.
17 January 2002, 09:41 PM
#39
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FAO Markquinton
Our programmers with 2-3 years experience earn about 18-35K p.a. depending on what they program in (C++, VB, Access etc.). I started on more than that as an Office Junior 3years ago straight out of school at 16!!, now I'm an Office Manager so my pay has increased (a lot)
Darren
Our programmers with 2-3 years experience earn about 18-35K p.a. depending on what they program in (C++, VB, Access etc.). I started on more than that as an Office Junior 3years ago straight out of school at 16!!, now I'm an Office Manager so my pay has increased (a lot)
Darren
17 January 2002, 09:49 PM
#40
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I'm in IT, Tech Support Mainly.. and I'm on **** Money too 
, but I really am getting shafted though , especially working for the NHS, I would probably get 5K more in the private sector..
Just out of interest , what does a IT Technician get in the private sector???
Andy
[Edited by Avi - 8/30/2002 12:03:19 PM]
, but I really am getting shafted though , especially working for the NHS, I would probably get 5K more in the private sector..Just out of interest , what does a IT Technician get in the private sector???
Andy
[Edited by Avi - 8/30/2002 12:03:19 PM]
17 January 2002, 09:56 PM
#42
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How do you lot pay for your cars?
Business Partner paying part cash / part loan(£10k) - Cahoot Loan was cheapest for him @ 8%APR & easy to apply as all done via website.
Must say a BIG THANKYOU to the EX wife ...
If it hadnt been for the divorce, I wouldnt have had the nerve to set up a new business and earn lotsa dosh to buy myself the car I wanted
Cheers Helen 
BOB
17 January 2002, 10:01 PM
#43
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There is no point in buying it if you cant ENJOY it. I could get a Scoob and park it up for the week - whats the point in that! I have a Fiesta RST (£2800) and dont have many running costs so I can drive it more or less as much as I like. I want a better car but that costs money. Anyway my 165bhp chip(£77) should make me feel better for a while Cheap motoring -ill get the Scoob when I can afford it and a social life.
Cheap motoring -ill get the Scoob when I can afford it and a social life.
17 January 2002, 10:01 PM
#44
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Depending on experience I'd say upwards of 16k. But it really depends what kind of support you do. If it's tech support for users/managers who keep losing there files (I clicked delete by accident and I need it back) or providing support for the backbone of the company (Cisco routers, E-mail systems, Domains etc.). Try having a look on some of the IT job sites
http://www.computerfutures.co.uk/
http://www.hotjobs.com/
http://www.jobmagic.net/
http://www.jobserve.co.uk/
http://www.monster.co.uk/
http://www.planetrecruit.com/channel/int/
http://www.totaljobs.com/tj3_home/tj5_home.asp
http://www.turner.eu.com/
http://www.workthing.co.uk/
Darren
http://www.computerfutures.co.uk/
http://www.hotjobs.com/
http://www.jobmagic.net/
http://www.jobserve.co.uk/
http://www.monster.co.uk/
http://www.planetrecruit.com/channel/int/
http://www.totaljobs.com/tj3_home/tj5_home.asp
http://www.turner.eu.com/
http://www.workthing.co.uk/
Darren
17 January 2002, 10:18 PM
#45
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Like most, work in IT, saved a bit, ditched the Mrs, company pay's my insurance, drink a pint less a week, (thats's a lie), and I enjoy daily driving the car i've wanted since I could drive.
Leigh
Leigh
17 January 2002, 10:31 PM
#46
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I married someone who works in IT. Cheeper insurance Hub&wife. Sold our little pug and got what he always wanted.Smiles all round till bank account dropped.
Would never take more than a years finance as your just giving money away. Insurance is bad enough!
Would never take more than a years finance as your just giving money away. Insurance is bad enough!
18 January 2002, 07:52 AM
#48
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When you're young, if your borrowings (ignoring mortgage) aren't a large multiple of your income then you really aren't trying hard enough. My first decent car was totally financed by debt, as were holidays, TVs, hi-fi, gadgets, clothes, toys, a speedboat (bit over the top that one, thankfully it got nicked and I got full insurance recovery) and the rest.
Now I can buy stuff out of cash, including my P1. I'm not in IT. I'm very good at what I do. As I've said on here before, I'm a big kid with more money than sense and I f*cking love it.
None Prouder
Now I can buy stuff out of cash, including my P1. I'm not in IT. I'm very good at what I do. As I've said on here before, I'm a big kid with more money than sense and I f*cking love it.
None Prouder
18 January 2002, 11:50 AM
#51
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I work in telecoms, and am paying for my S-turbo on finance with the missus stumping up half the payments (even though she can't drive!) I hate loans, but as our 2 bed flat cost us £143k we don't have much to spare.
Get a piece of paper, write down your incomings per month, and all your _regular_ outgoings (rent/food/going out/life insurance etc per month. Work out how much that you have left. See how much you could afford to spend on a car (not forgetting all the other crap like b-days, holidays etc.) See what that will allow you to buy. What car are you coming from? An impreza sport will give you everything a turbo would but with vastly cheaper running costs whilst only lacking on brutal acceleration. Take one for a good test drive and see how you feel. I had a Forester GLS before my S-turbo cos that was all I could afford then, don't be afraid to work your way up the ladder! Bear in mind that although it's cheap to borrow money now, if interest rates go up you could find life VERY hard.
[Edited by Toerag - 1/18/2002 12:31:45 PM]
Get a piece of paper, write down your incomings per month, and all your _regular_ outgoings (rent/food/going out/life insurance etc per month. Work out how much that you have left. See how much you could afford to spend on a car (not forgetting all the other crap like b-days, holidays etc.) See what that will allow you to buy. What car are you coming from? An impreza sport will give you everything a turbo would but with vastly cheaper running costs whilst only lacking on brutal acceleration. Take one for a good test drive and see how you feel. I had a Forester GLS before my S-turbo cos that was all I could afford then, don't be afraid to work your way up the ladder! Bear in mind that although it's cheap to borrow money now, if interest rates go up you could find life VERY hard.
[Edited by Toerag - 1/18/2002 12:31:45 PM]
18 January 2002, 01:17 PM
#52
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Hi Toerag, Most decent 3rd party loans are fixed rate - eg) Direct Line etc. Guess you must mean mortgage interest rates. Must be costly on your place....
18 January 2002, 01:53 PM
#53
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Harry, to be honest with you I didn't really check, but I think you're right, it's only mortgages that change (apart from fixed ones of course!) I live on Guernsey where the average house price is now £295k!! That's for a 3 bedroomed semi with a bit of garden and a parking space!!
18 January 2002, 02:38 PM
#54
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bank loan is the best way.
When I was younger (earning between 18 and 24k) I managed to get through a pug 309, pug 306 and a jeep cherokee in less than 3 years. I lost so much on depreciation and I'm still paying the last bits of the jeep (which self destructed due to a rear diff failure that their warranty wouldn't take responsibility for (1998))
the good news is that I could only afford 15k for a car, so I bought a scoob sport in early 1999 new from a dealer with 9k bank loan. After 2 years I got a WRX wagon april 2001 that I funded cash FROM SAVINGS and also used the 99 sport as a trade-in.
my advice is to use a bank loan, and consider spending a lot less (second hand) on your first scoob SPORT and as you earn more, save for the WRX. it worked for me. The sport is a damned fine car in my opinion although, reading this bbs, you'd think that it didn't exist! I wouldn't jump for an older second hand Turbo2000 or jap-spec unless you have spare cash for maintenance and running costs.
rd
When I was younger (earning between 18 and 24k) I managed to get through a pug 309, pug 306 and a jeep cherokee in less than 3 years. I lost so much on depreciation and I'm still paying the last bits of the jeep (which self destructed due to a rear diff failure that their warranty wouldn't take responsibility for (1998))
the good news is that I could only afford 15k for a car, so I bought a scoob sport in early 1999 new from a dealer with 9k bank loan. After 2 years I got a WRX wagon april 2001 that I funded cash FROM SAVINGS and also used the 99 sport as a trade-in.
my advice is to use a bank loan, and consider spending a lot less (second hand) on your first scoob SPORT and as you earn more, save for the WRX. it worked for me. The sport is a damned fine car in my opinion although, reading this bbs, you'd think that it didn't exist! I wouldn't jump for an older second hand Turbo2000 or jap-spec unless you have spare cash for maintenance and running costs.
rd
18 January 2002, 03:02 PM
#55
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Am I right in thinking that there are people on here that would rather have a nice car than a nice house?
I was thinking of buying a euro WRX for a tad over £16,000 before Christmas, I weighed up the pro's and con's and decided that my main priority was my mortgage, I now pay an extra £300 per month on the mortgage and bought myself a Golf Diesel for £1,500.
Hopefully I've knocked off about 8 or 9 years by doing this and can get a Scoob later on in life.
I scored lot's of brownie points with the missus aswell!
I was thinking of buying a euro WRX for a tad over £16,000 before Christmas, I weighed up the pro's and con's and decided that my main priority was my mortgage, I now pay an extra £300 per month on the mortgage and bought myself a Golf Diesel for £1,500.
Hopefully I've knocked off about 8 or 9 years by doing this and can get a Scoob later on in life.
I scored lot's of brownie points with the missus aswell!
18 January 2002, 03:10 PM
#56
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I buy everything cash- really helps as a wad flashed in front of the sellers eyes usually means u can get it cheaper...
And the fact ive got a 4 figure CCJ means i cant even get a cheque book... (but im not paying it as i didnt do what i was blamed for- innocent until proven guilty, my hairy ***)
And the fact ive got a 4 figure CCJ means i cant even get a cheque book...
(but im not paying it as i didnt do what i was blamed for- innocent until proven guilty, my hairy ***)
18 January 2002, 04:24 PM
#58
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Blimey Toerag! Get yourself up to West Yorkshire, Mate. 4 bed detached in nice countryside for between £120k and £150k. Helps you when you want to save the cash for the Scoob. And, you can do overpayments on the mortgage, to keep the total loan amount down. We should be paid off in about five or six years.....
18 January 2002, 04:50 PM
#60
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Good point P1fanatic. I bought a Focus for my Mum before Christmas and Ford dealers would offer me an extra discount of about a grand if I took out finance, even though I was offering cash, because they got a sweetener from Ford Finance.
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