--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
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why is my life full of tough decisions? Or isn't it that tough?
as some of you know i sold my car to my brother for the 6k asking price. I needed to clear debts and figured I could get something decent with around 4k anyway.
I paid off £2000 on my credit card and it's all paid up now  Now i have 4k to spend on a car.
I still have a loan out of £1000 which I'm currently paying off £200 monthly. This is really eating into my wages so I'm considering paying this off... things is this would only leave me with £3k 
I really wanted to purchase an Ibiza Cupra 1.8T as well  I need about 6.5k for it but this would be a lot further off if i were to pay off my loan.
Do I
a) pay off the £1000 loan and get a car for 3k and be in a position to move out
or
b) keep paying off the loan £200 a month and save up for the Cupra.
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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If it were me (and alot of people might disagree which is fair enough) i'd pay the £1k off and get something for £3k you can still get alot of car for £3k these days fair enough it may be a little older but think of the money you'd have to move out and not to have any debts) a nice car can always come later once you moved out, supose it depends what you want the most.
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sunnyb
Member
Registered: 21st Oct 03
Location: Kent, near Bluewater
User status: Offline
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pay off the loan mate, you wanna be comfortable, not struggling! either that or get another job that pays more!
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--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
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getting another job is not really an option to be honest
I work out that after outgoings my take home pay would be £911. This I imagine along with my gf's wage would be enough to at least rent somewhere which is what we both want to do...
The worry is that once I move out I won't be able to afford to save for a car
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
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pay off debts. no question.
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Pablo
Member
Registered: 3rd Feb 03
Location: Milton Keynes
User status: Offline
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quote:
Originally posted by willay
pay off debts. no question.
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CCA
Member
Registered: 6th Dec 04
Location: Somewhere Drives: Not a bloody Vauxhall!
User status: Offline
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Pay off the debt now, then save for a car. Once your debts are paid you are then free to do what you want with your money.
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--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
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ok next question 
cars for 3k?
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CCA
Member
Registered: 6th Dec 04
Location: Somewhere Drives: Not a bloody Vauxhall!
User status: Offline
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Is the 3k just for the car or the car and the insurance?
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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Corsa sport 1.6 16v maybe 
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--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
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fcuk off Tom
the 3k is just for the car CCA, insurance will be taken care of seperately
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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Clear the loan get a car for £3k
You can very decent cars for 3k nowdays, 306 GTi?
Corsa 1.6 16v Sport in excellent condition
106 GTi?
Saxo VTS?
Punto GT?
Clear everything first and maybe save up some more? Do you need a car?
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Pablo
Member
Registered: 3rd Feb 03
Location: Milton Keynes
User status: Offline
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quote:
Originally posted by --Dave--
ok next question
cars for 3k?
I can send u all links for cars ive been looking at Ive just found one but had a budget of £3k to spend
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Dom
Member
Registered: 13th Sep 03
User status: Offline
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Pay all of your debts off mate
as for car, i would just buy a cheap run about mate - something like a paxo, fiesta etc Cheap on insurance and i would put the rest of the cash into a savings account for moving out etc
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Pablo
Member
Registered: 3rd Feb 03
Location: Milton Keynes
User status: Offline
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http://www.corsasport.co.uk/board/viewthread.php?tid=228955
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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quote:
Originally posted by --Dave--
fcuk off Tom
the 3k is just for the car CCA, insurance will be taken care of seperately
just taking the piss i know u don't like them
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Jake
Member
Registered: 24th Jan 05
User status: Offline
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pay the loan off and take out a 3k loan?
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langey
Member
Registered: 7th Sep 03
Location: Wigan
User status: Offline
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quote:
Originally posted by willay
pay off debts. no question.
and then save 
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--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
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@ Tom
Jake -
It's likely than we're not gonna need much for moving out to be honest. Looking at renting first so will find a fully furnished place somewhere near here. Probably need about 1k each for odds and sods like decent bed and replacing appliances if need be.
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--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
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quote:
Originally posted by Pablo
http://www.corsasport.co.uk/board/viewthread.php?tid=228955
Pablo - send me them links mate.
Not keen on that one in classifieds.... it's a corsa
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Patrick
Member
Registered: 25th Apr 02
Location: SE London
User status: Offline
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I'm jealous. You're debating whether to pay off a £1k debt or not. I'm in about £16k debt at the mo and definately won't be in a position to pay it off for years.
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--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
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Patrick
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Doug
Member
Registered: 8th Oct 03
User status: Offline
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Could get a old BMW 3 series for 3k. Could get a 318is which is what i would do. Nice car with RWD and a LSD 
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Patrick
Member
Registered: 25th Apr 02
Location: SE London
User status: Offline
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I know, £14k loan over 7 years - 5 of those left.
Then about £4k left from seperate loans.
[Edited on 01-08-2005 by Patrick]
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
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yeah dave, dont fuck up like Patrick did!
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