New Yaris on finance good idea?

skivenov

The thing with financing something is look at the small numbers, ie what comes out of every pay packet for the next 3 years of your life, not the overall numbers. Say you're paying £160 a month for the PCP, that's another £40 a week, every week, for the length of the contract.

Then ask yourself - what's my current expendable income like? what if we have a baby? what if I want to go travelling? etc, etc

£25 a year road tax sounds great, but if your current road tax is £220 a year (which I doubt it is on a Clio, just going for the big paper-saving), that's only £16.25 you're knocking off the monthly payment, or £4 a week off my hypothetical £40..

Netwizard

skivenov wrote: »

£25 a year road tax sounds great, but if your current road tax is £220 a year (which I doubt it is on a Clio, just going for the big paper-saving), that's only £16.25 you're knocking off the monthly payment, or £4 a week off my hypothetical £40..

Totally agree but the general public are so blinded by the £25 a year road tax and 60mpg, they forget about the mega money they are spending on the car!!

fivetide

If you want to save cash, get those credit cards paid off.

Having a few grand on them at what? 16.9% APR will be costing you a lot more than you'll ever save by switching cars.

Also, it seems you don't do a lot of miles as your car still only has 33,000 on it and you've had it for four years. No miles kill cars faster than high miles in many cases. Have you been servicing the Clio each year? You'll need to do that with the Yaris of course and that might get expensive no matter what plan you are on.

You admit the current car is reliable. If you can live iwith it, put the finance cash to those credit cards and get the Clio some TLC. You'll save a packet.

Ronneh

Have you ever considered leasing the car? If you do a search on the web you could get a brand new Yaris at a reduced price than used, under warranty and not such a big deposit? I would definitely consider it.