20 year old buying 35k car on finance?

System

get yourself an mx5

forgotmyname

How is a car that empties the bank account each month a hobby?

£2000 - £5000 on a track car, Thats a hobby and something you can do. You cant do that with a lease car because when you break it they will send you the bill.

Didnt a new member ask this very queation a couple of days ago? Same person me thinks.

Richard53

hight wrote: »

also because my brother did this but didn't really get much out it financially

No-one buys a classic car and does it up to make money. You do it because you love it. If you're not mechanically-minded, don't even think about starting a 'project' like that

How many ads do you see for "rare classic, fully restored, thousands spent, £1500 ono"? People sink money into classics; they rarely get anything out of it other than satisfaction.

hight

worried_jim wrote: »

This thread is bollox- just some idiot trying to practice their English in some dodgy internet cafe before they start to scam old ladies via email.

"Who knows what the future holds, I've seen many good friends go before me due to having cancer at a such a young age, and it makes you think, I want to make the most of life because who knows what the future holds, anyone could go the next day."

How many 20 years old have lost "many good friends" to cancer? You are talking bollox mate, it was April Fools yesterday.

Your bollox and dam right rude.

I lost two close friends to cancer. One with bowel cancer and one who had a brain tumour.

I lost another friend in a car accident. Just because you don't live in the real world you think nothing is impossible. Nothing but a keyboard warrior.

Chopper_Read

hight wrote: »

I would take up on that but my life is so busy plus one thing about cars, when you have to fix them up, you think that's it, but there's always something nasty hidden which can potentially cost £££ - ££££ to fix and just isn't worth it.

I would love to know more about cars though because I would love to do some of the easier/straightforward jobs myself.



head turner
quick
:A
goes around corners well
powerful engine with possibly, a great sound?

:rotfl:

I looked at the thread briefly and for what he's done, hats off to him! I will be looking more throughout that thread after work because i'm intrigued. However, I probably won't get involved into something like this due to the fact I really don't have the time for it, also because my brother did this but didn't really get much out it financially,

I don't know if he done it wrong, but he bought category write off cars, fixed them up with credit cards, made little profit or broke even at times.

Powerful engine, I should think so it's from a van. Not sure about the great sound.

arcon5

Your 10k would actually buy you something decent.

A Chrysler 300C (if you can afford to maintain it) or a MK4 Mondeo (although has some known turbo issues)

Chopper_Read

worried_jim wrote: »

This thread is bollox- just some idiot trying to practice their English in some dodgy internet cafe before they start to scam old ladies via email.

"Who knows what the future holds, I've seen many good friends go before me due to having cancer at a such a young age, and it makes you think, I want to make the most of life because who knows what the future holds, anyone could go the next day."

How many 20 years old have lost "many good friends" to cancer? You are talking bollox mate, it was April Fools yesterday.

Eeets nice and may not bollox. Just send him £500 by Western Union.

ILW

the_r_sole wrote: »

get yourself an mx5

They are good fun, but more than comfortable enough to drive from one end of the country to the other, and mines 14 years old.

Quiet_Spark

hight wrote: »

I do not understand you regarding the £800 - 900 a month regarding the finance, I don't believe I will paying this much, other than 200 - 300 a month?

10K down, 25K left to pay.

Even if you managed to get an interest free loan over 5 years your repayments would be £416.67 per month.

closed

A Renault Clio might be more suitable for a 18/19/20 yr old.

https://forums.moneysavingexpert.com/discussion/4526991

or

https://forums.moneysavingexpert.com/discussion/4336379

don't forget potential repair bills

https://forums.moneysavingexpert.com/discussion/4408989

or a punto

https://forums.moneysavingexpert.com/discussion/3746239

Then you might save enough for a dream home

https://forums.moneysavingexpert.com/discussion/4509421