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MARTIN LEWIS WARNS HSBC, FIRST DIRECT AND M&S CUSTOMERS AFTER MAN NEARLY CHUCKED AWAY UNEXPECTED CHEQUE
Loan affordability, can I afford it?
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I would wait until you are moved in and any immediate bills/work done before even considering buying another car. If you have that much disposable income see how long it takes to save up £5k for a car and borrow another £5k maybe when your existing credit card is paid off on a 0% card. £10k is more than enough for a 2nd hand car.
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22k on a Kia that is gonna plummet in value faster than you pay it off. Whilst simultaneously thinking of starting a family. You do you it's your money but just seems crazy to me.
I understand the reasoning for wanting a vehicle that's comfier, it makes the driver easier of the seat is comfier.
Surely it makes sense to wait a year after moving in to then be able to get an understanding of costs and see how much saved over the year. Budgeting as much for emergencies as haircuts may prove inadequate.
Sounds like you have already justified going from an old £1000 car to a £22,000 newish car.
Only advice to give you is to read the contract on whatever finance you take and understand that you will be committing to the full length of the term, work out the mileage and dont be talked into putting down less mileage to get the PCP cheaper and you will be charged at the end for wear and tear. Oh and if it is written off then you will be left with no car and no money, at best.
If only there was a cheaper old mid range 4x4 which are comfortable that wasn't £22,000 that you could buy with say £6,000 cash;
Nissan Qashqai
Skoda Yeti
Mitsubishi ASX
Peugeot 2008
Toyota RAV4
Dacia Duster
Volkswagen Tiguan
Hyundai ix35
Vauxhall Antara
The idea of someone spending that on a new Kia is bonkers.
As much as I love the RS4 - spending £50,000-£60,000 on a new one and driving 4,400 miles a year also seems bonkers. Each to their one.