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Your thoughts on best new car for ?11.5k

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TechJinx
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PostPosted: 10:26 - 08 Jul 2009    Post subject: Your thoughts on best new car for £11.5k Reply with quote

Time to geta new car - I have £11.5k cash (well from loan but cash to a dealer)

what do you reckon the best car I could likely get for this, reckon I could get quite good deals upgrades buying with cash at the moment.

I'm not fussed about badges or status etc, I have my bike if I want to go fast Smile - a car is a practical thing to me, trips to the tip and tescos Very Happy .

As an example I was looking at the new fiestas.
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NSR Mick
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PostPosted: 10:38 - 08 Jul 2009    Post subject: Reply with quote

I wouldnt buy a new car. Get one that's a year or 2 old and has allready suffered the bulk of it's depreciation.
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Barry_M2
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PostPosted: 10:44 - 08 Jul 2009    Post subject: Reply with quote

gsxrmick wrote:
I wouldnt buy a new car. Get one that's a year or 2 old and has allready suffered the bulk of it's depreciation.


I agree completely. Thumbs Up
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D O G
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PostPosted: 10:47 - 08 Jul 2009    Post subject: Reply with quote

Or one that's 10 years old and dirt cheap.

If you only want it for plodding around, why buy anything expensive?

You should be able to get something for £500-700 with tax and MOT, in reasonable condition for that size vehicle.

Your loan repayments must be at least £230p/m (if over 5 years), or £350 if over 3 years.

Even if the car goes pop after 6months (which is pretty unlikely) you have saved money.

Plus insurance will be cheaper.

Put it like this. Is an £11,500 car 15 times better than a £750 one?

No, it isn't.

Don't waste your money!
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5v3d3b0
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PostPosted: 10:47 - 08 Jul 2009    Post subject: Reply with quote

+1 for second hand. You'll get something WAY better for that price second hand than new... And a car isn't exactly the same as a 2t 125. They don't just break after a year
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JonB
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PostPosted: 10:50 - 08 Jul 2009    Post subject: Reply with quote

I too would look to get a second hand car with low mileage on it, you will save about 4-5k. Seriously. With 11.5k, i'd be looking at a BMW 1 series. Obviously just a personal preference.
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TechJinx
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PostPosted: 10:54 - 08 Jul 2009    Post subject: Reply with quote

some good points, cheers guys - only 1 car suggestion though, and thats for a beemer - not sure I could take the comments Laughing

I'd still be looking for dealer second hand to get the backup - anyone any recent experience of buying pre-regs are there many out there, I always reckoned that was the best new/old mix?
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Kwaks
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PostPosted: 11:00 - 08 Jul 2009    Post subject: Reply with quote

11.5k I would be looking at a scooby if you need a practical family car with a bit of fire.

A lexus if you just wanted a car with a comfortable ride

or a focus ST if you want a fairly decent hatch.


But none would be brand new due to the reasons already mentioned Wink
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Kickstart
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PostPosted: 11:02 - 08 Jul 2009    Post subject: Reply with quote

Hi

As above with 2nd hand cars. Buy a new car and over 3 years you can say goodbye to 2/3 of its value, a hell of a lot of money for a few boring trips to Tescos.

However if you do want a new car then your best deal would probably be to have got a 0% (or close) car loan from the place you are buying it from.

At that kind of money you have loads of choice. Suspect you could probably get a base model Alfa Mito 1.4 turbo.

All the best

Keith
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trevoriv
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PostPosted: 20:58 - 08 Jul 2009    Post subject: Reply with quote

Can you stretch to £14k? Laughing

https://cgi.ebay.co.uk/2009-09-Fiat-500-Abarth_W0QQcmdZViewItemQQ_trkparmsZ65Q3a7Q7c66Q3a2Q7c39Q3a1Q7c240Q3a1318Q7c301Q3a1Q7c293Q3a1Q7c294Q3a50QQ_trksidZp3286Q2ec0Q2em14QQhashZitem518a5ff03dQQitemZ350213894205QQptZAutomobilesQ5fUKQQsalenotsupported

Seriously though i'd get an 04 Fiesta Ghia or Zetec for a few grand or something and do something else with the cash if your not bothered about badge and performance etc.
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Simple
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PostPosted: 21:04 - 08 Jul 2009    Post subject: Reply with quote

do not be tempted by the current top gear car, i had the recent misfortune of hiring a new 1.6 petrol. It was quick but thirsty, naff inside, handled like a trolley. back in my L reg Audi 80 now, much more better.. but so much slower (1.9 tdi)

that's all the wisdom i have on cars Sad
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chrisw
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PostPosted: 21:16 - 08 Jul 2009    Post subject: Reply with quote

You borrowed £11,500 to buy a car? Are you insane? You could almost buy an old one every month with the repayments on that! Shocked
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andyscooter
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PostPosted: 21:48 - 08 Jul 2009    Post subject: Reply with quote

how about a brand new skoda fabia estate

great for tip trips shagging in the back of and half decent to drive and now reliable Laughing Laughing Laughing
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iCraig
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PostPosted: 07:10 - 09 Jul 2009    Post subject: Reply with quote

Go for a Skoda Octavia? They're reliable, well built and a brand new one can be bought for 11.5k.

But you'd get a decent low mileage TDi for around £6000 thats about 2-3 years old. They handle well too for what they are.
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TechJinx
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PostPosted: 08:42 - 09 Jul 2009    Post subject: Reply with quote

chrisw wrote:
You borrowed £11,500 to buy a car? Are you insane? You could almost buy an old one every month with the repayments on that! Shocked


yes but I dont want a car that cost £200 thanks Laughing

plus I get clubcard points.... Cool
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bikes: SV650S K5 that is making me do this Very Happy 57 CBR125 RW-7 - sold ; 54 CBR125 - anyone wanna buy a project?

YOU ONLY NEED TWO TOOLS IN LIFE - WD-40 AND DUCT TAPE. IF IT DOESN'T MOVE AND SHOULD, USE THE WD-40. IF IT SHOULDN'T MOVE AND DOES, USE THE DUCT TAPE.
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D O G
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PostPosted: 09:05 - 09 Jul 2009    Post subject: Reply with quote

TechJinx wrote:
chrisw wrote:
You borrowed £11,500 to buy a car? Are you insane? You could almost buy an old one every month with the repayments on that! Shocked


yes but I dont want a car that cost £200 thanks Laughing


And the rest...

TechJinx wrote:
plus I get clubcard points.... Cool


As they rape you on the interest.

Pah, do what you like, it's your money, you waste it. The economy needs more mugs like you at the moment.
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TechJinx
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PostPosted: 09:13 - 09 Jul 2009    Post subject: Reply with quote

Damofo D.O.G. wrote:

The economy needs more mugs like you at the moment.



no you're a stupid head! :p

Damofo D.O.G. wrote:

As they rape you on the interest.





nah, pretty competative actually at the moment - one of the best rates out there - hence the £200 a month, you need a better credit rating my friend

consider your opinion raped.
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YOU ONLY NEED TWO TOOLS IN LIFE - WD-40 AND DUCT TAPE. IF IT DOESN'T MOVE AND SHOULD, USE THE WD-40. IF IT SHOULDN'T MOVE AND DOES, USE THE DUCT TAPE.
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JonB
Afraid of Mileage



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PostPosted: 09:37 - 09 Jul 2009    Post subject: Reply with quote

I don't think you can go name calling in this thread as you are currently the fool.

However I advise you do buy a nice new car, so that someone like me can pick up a second hand model with 15,000 miles on the clock for a 1/3rd of the price in 1 and a half years time. Laughing
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Irezumi aka Reuben
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PostPosted: 09:55 - 09 Jul 2009    Post subject: Reply with quote

Have you taken out the loan yet, if not dont!

Look at what dealers are doing 0%finance over 3 years (quite a few) then select your car from there.

You will end up spending less on a new car on 0% than you will on a 2-3yr old car having taken out that loan.
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D O G
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PostPosted: 11:09 - 09 Jul 2009    Post subject: Reply with quote

TechJinx wrote:

nah, pretty competative actually at the moment - one of the best rates out there - hence the £200 a month, you need a better credit rating my friend

consider your opinion raped.


Small maths lesson.

You must be taking it over 60 months to get anywhere near that repayment. Which is dumb for a car.

60 * 200 = 12,000

So over 5 years they are charging you £500.

That equals 4.35% interest over five years.

The effective annual rate is therefore about 1.5% - you show me who offers that rate. Laughing

Quick butchers on moneysupermarket indicates the lowest AER is about 8% for an unsecured personal loan, with an excellent credit rating, over 5 years.

Quick calculation puts repayments at around £230 p/m - 15% higher than what you state.

Maths doesn't appear to be your strong point, nor does 'raping opinions'.

Try again.
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mark83
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PostPosted: 13:02 - 09 Jul 2009    Post subject: Reply with quote

Check this out...
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Flip
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PostPosted: 13:28 - 09 Jul 2009    Post subject: Reply with quote

It's up to the OP how he spends his money. Rolling Eyes

11.5 K? I'd be looking at Audi's if I was going to spend that kind of money. (If you can afford the servicing).

Are there any 2 for 1 offers on new cars in your price range at the minute? (Which I doubt as Ford are jumping up in price!)
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Fawbish
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PostPosted: 13:39 - 09 Jul 2009    Post subject: Reply with quote

I dont know if it's just me, but I'm finding my "Fawbish Annoyance Gauge" to be close to the red in almost every thread I read at the moment.



11.5k. And the only suggestion he comes up with himself, is a Fiesta.

And then he tries to discount the D.O.G?

I seriously, with no exaggeration, would consider using lethal force if this was a real conversation.





And on a serious note, car-wise, with 11.5k I'd have an Alfa (got a thing for them at the moment, and I dont particularly need a reliable car) or something enjoyable but practical, and fucking good looking, insurance, AND put a few grand aside for the servicing over a few years.

On an even more serious note, I'd consider getting Bionic upgrades with your money. Specifically in the cerebral area. And a metal claw that you can use to punish yourself when people ask what you bought for 11k, and your response, is a Fiesta.

There arent enough words.
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andyscooter
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PostPosted: 14:28 - 09 Jul 2009    Post subject: Reply with quote

wouldn't touch alfa personally

Audi is OK but parts pricey

sounds daft but also KIA ceed or hyundai i30 great cars for the money that's without the 2 grand px for an old one if you have it
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ButcherofBiel...
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PostPosted: 16:10 - 09 Jul 2009    Post subject: Reply with quote

Always had Honda's but did have a Mondeo i paid £6k for and had no end of issues so sold it without losing much and bought a 1995 Civic Lsi 1.5 Hatch and its the most fun i've had in ages nippy but nice comfort and handling and its bullet proof.Done 98k and cost me £600 off an old doctor who had looked after it .Cheap tax band but insurance is group 12 so not so low but the economy is great getting around 35-38 mpg on the dot most months.Ok space isn't fantastic but you could get a 98-2000 one for about £2k in the bigger 5 door or even something like a 2000 Accord for about 3k for more luxury.Lexus IS200 is a decent alternative.I looked this month at upgrading with a budget of about 5k but a few have said get a new one and get the 2k smash up fee but i honestly wouldn't swap it for a new car and paying finance mines a genuine import and has soul guess i know now how some feel about certain bikes being special even though its maybe not top end.If you get one on finance do it through the car place as you can bully a great deal.Friend just got a new Renault Clio got £2k off the asking price, £1000 of extras thrown in and 2 years 0% they were so desperate for the business.So new or old both got upsides happy hunting.
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