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Should I sell my car to save money?

2

Comments

  • rich13348
    rich13348 Posts: 840 Forumite
    Seventh Anniversary 500 Posts Combo Breaker
    liltzero wrote: »
    £250/month rent including bills is easily doable up north.

    Really rent, council tax, gas and electric, tv license, broadband. contents insurance, car insurance, mobile phone for 250 a month? Not unless they live with mum and dad.
  • liltzero
    liltzero Posts: 74 Forumite
    rich13348 wrote: »
    Not unless they live with mum and dad.

    Nope. It's cheap up north.
  • AndyMc.....
    AndyMc..... Posts: 3,248 Forumite
    1,000 Posts Combo Breaker
    liltzero wrote: »
    Nope. It's cheap up north.

    One day you may actually leave your bedroom and find it's not.
  • jimjames
    jimjames Posts: 19,255 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    motorguy wrote: »
    Your Net worth wont change if you do what you're proposing. It will be £6878.77 + a £600 car rather than £4478.77 + a £3000 car.

    It might do. Buy an £800 car and then spend out £500+ on repairs and that money is no longer part of your net worth
    Remember the saying: if it looks too good to be true it almost certainly is.
  • motorguy
    motorguy Posts: 22,626 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    jimjames wrote: »
    It might do. Buy an £800 car and then spend out £500+ on repairs and that money is no longer part of your net worth

    Yes. As per my original post, you'd be buying someone elses problems at that price point. Better the devil you know...
  • boliston
    boliston Posts: 3,012 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    How often do you use the car? I would say if you definitely NEED the car (eg a commute that could not be walked, cycled or public transport) then hang onto what you have - if the car is not actually needed for work then consider selling and saving.
  • George_Michael
    George_Michael Posts: 4,251 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    liltzero wrote: »
    Nope. It's cheap up north.
    Cheap maybe, but £62.75 a week to cover many, if not all of the following?

    Rent
    council tax
    Water rates
    Gas
    Electricity
    Building and contents insurance
    Food
    TV licence
    telephone rental and call charges
    Broadband
    Car tax
    Car insurance
    Petrol for car
    Maintenance of car

    And possibly one or two things I've forgotten
  • liltzero
    liltzero Posts: 74 Forumite
    George_Michael wrote: »
    Cheap maybe, but £62.75 a week to cover many, if not all of the following?

    Rent
    council tax
    Water rates
    Gas
    Electricity
    Building and contents insurance
    Food
    TV licence
    telephone rental and call charges
    Broadband
    Car tax
    Car insurance
    Petrol for car
    Maintenance of car

    And possibly one or two things I've forgotten

    Perfectly doable up north.
  • AndyMc.....
    AndyMc..... Posts: 3,248 Forumite
    1,000 Posts Combo Breaker
    liltzero wrote: »
    Perfectly doable up north.

    Go on then show us where and how.
  • BeenThroughItAll
    BeenThroughItAll Posts: 5,018 Forumite
    liltzero wrote: »
    Perfectly doable up north.

    Go on then. Quote some figures for this magical Northern location. I actually do live in the north, and I know very well you're talking out of that widely stretched !!!!!! once again.
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