i need to get a car - what would you do ?

ceecee1

Hi

I have had a company car for the last 10 years -it will be returned in the next couple of months so need to buy my own vehicle (dont qualify for another due to job role change)

I have the money in the bank to purchase a car outright, but this is from funds which is fully offsetting my interest only mortgage. But am open to thinking about all options.

So,
1. do I take the money out and pay cash
2. take part of the money out and try to get 0% finance for the balance, or the whole amount on 0%
3. get a lease car


I am 60, have taken partial retirement and will not be doing more than 8k pa mileage.

What would you suggest please.

worried_jim

Spend £1k on a nice Honda Accord, keep the rest in the bank. Enjoy the bank holiday.

macman

And your budget is?

ceecee1

macman wrote: »

And your budget is?

Probably around £10k - £12k

martinthebandit

At your age, doing 8k miles a year and money in the bank (or wherever) I'd buy this....

http://www.autotrader.co.uk/classified/advert/201708148311926?price-to=2500&onesearchad=Used&onesearchad=Nearly%20New&onesearchad=New&radius=1500&make=LEXUS&fuel-type=Petrol&advertising-location=at_cars&sort=price-desc&postcode=ng348nh&page=1

.....or similar.

Shaka_Zulu

See if you can get a good deal on your current company car?