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Jas

Member

Registered: 13th Oct 04
Location: Mid Wales
User status: Offline

10th Jul 08 at 11:26

going travelling soon and car will be going off the road...

Im having mixed thoughts..

Do I sell and buy something cheaper when I get back,

or do I just declare sorn and put it back on road when I return in up to 12 months

I dont really want to sell and come back to no car and have to start at the bottom of the ladder again

What would you do?

thats my car for anyone that doesn't know

[Edited on 10-07-2008 by Jas]

Fad

Member

Registered: 1st Feb 01
Location: Dartford Kent Drives: 330cd
User status: Offline

10th Jul 08 at 11:38

Sell it out the funds into a high interest saver come back and you will have more money to buy something else?

Basically its only going to depreciate and cost you money in the long run.

Bonus is if for what ever reason you require money at short notice at least you will have it at the ready oposed to sitting there wasting away on the drive?

foxyk8t

Member

Registered: 8th Jun 07
Location: Truro - Cornwall
User status: Offline

10th Jul 08 at 11:42

I can see both points although if you do sell it you will have to be disciplined and do actually put the money in the bank!! Otherwise you may end up spending the cash and like you say come back and start again!

Jas

Member

Registered: 13th Oct 04
Location: Mid Wales
User status: Offline

10th Jul 08 at 11:43

Im very tempted now fad. You speak sense...

Would the intest on say just over 5k be noticeable in a year though?

I'll be a year older when I get back etc and Il prob go and buy something else with a bit of kick to it

like you said, the value will drop in the year and Im only gonna have to re tax it etc etc

Superlite Ltd.

Member

Registered: 9th Jan 07
User status: Offline

10th Jul 08 at 11:47

quote:
Originally posted by Fad
Sell it out the funds into a high interest saver come back and you will have more money to buy something else?

Basically its only going to depreciate and cost you money in the long run.

Bonus is if for what ever reason you require money at short notice at least you will have it at the ready oposed to sitting there wasting away on the drive?

Im with Fad

Fro

Member

Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
User status: Offline

10th Jul 08 at 11:47

Unless you really love the car I'd do what fad said

Jas

Member

Registered: 13th Oct 04
Location: Mid Wales
User status: Offline

10th Jul 08 at 11:48

quote:
Originally posted by foxyk8t
I can see both points although if you do sell it you will have to be disciplined and do actually put the money in the bank!! Otherwise you may end up spending the cash and like you say come back and start again!

I put it for sale at 5800 and Ive had alot of people wanting to come and see it etc

So saying I got 5.500 for it

I think id put 4.5k away and take 1 k travelling

Jas

Member

Registered: 13th Oct 04
Location: Mid Wales
User status: Offline

10th Jul 08 at 11:49

quote:
Originally posted by fro-dizzle
Unless you really love the car I'd do what fad said

I do love it, never had no problems, its an excellent car

But I could be away for 12months :/

and it would be an excuse to buy something jap when I get back lol

Whittie

Member

Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
User status: Offline

10th Jul 08 at 11:49

Could I rent it off you

foxyk8t

Member

Registered: 8th Jun 07
Location: Truro - Cornwall
User status: Offline

10th Jul 08 at 11:49

Thats a good plan thats still a good amount of money to come back to and you will get something decent with that

dean101287

Member

Registered: 22nd Jul 07
Location: Cardiff
User status: Offline

10th Jul 08 at 11:50

interest wont be that much- i had 20k in a bond for a year and i got about 900 quid interest.

Jas

Member

Registered: 13th Oct 04
Location: Mid Wales
User status: Offline

10th Jul 08 at 11:52

But id be earning rather than loosing I guess dean.. whittie youd blow the turbo

got a bloke texting me now who's quite keen..

I just don't want to go down the ladder to say a corsa or a saxo

no offence to anyone that owns them

(i love both my corsa and saxo)

they're just different cars

Brett

Premium Member

Registered: 16th Dec 02
Location: Manchester
User status: Offline

10th Jul 08 at 11:55

Just sell it ffs Only a nob would have a car sat at home doing nothing pissing money away for 12 months. It's only a Seat.

Jas

Member

Registered: 13th Oct 04
Location: Mid Wales
User status: Offline

10th Jul 08 at 11:57

Just dont want to take a step down the ladder like you did..

Infact no scrap that

you fell off the fucking ladder

Brett

Premium Member

Registered: 16th Dec 02
Location: Manchester
User status: Offline

10th Jul 08 at 12:01

Says the guy living with his mum

Ok, Jas.

Just goes to show. I don't need some daft car to feel good about myself or amongst my peers on the internet.

So I had a scooby then I fancied gettin a saxo for a bit of cheap motoring. Who cares. Only you obviously.

Still doesn't change the fact you're getting shirty over a fuckin Seat haha

Superlite Ltd.

Member

Registered: 9th Jan 07
User status: Offline

10th Jul 08 at 12:03

quote:
Originally posted by loafofbrett
It's only a Seat.

Sell it and buy one of these when you come back

4x4 225bhp

12mpg

Doug

Member

Registered: 8th Oct 03
User status: Offline

10th Jul 08 at 12:03

Cat fight!!!

Brett

Premium Member

Registered: 16th Dec 02
Location: Manchester
User status: Offline

10th Jul 08 at 12:04

I mean come on, lets not forget. We're talkin about some £4k car here. It's hardly a fuckin Bentley

Grow up, Jas.

Doug

Member

Registered: 8th Oct 03
User status: Offline

10th Jul 08 at 12:07

quote:
Originally posted by Fad
Sell it out the funds into a high interest saver come back and you will have more money to buy something else?

Basically its only going to depreciate and cost you money in the long run.

Bonus is if for what ever reason you require money at short notice at least you will have it at the ready oposed to sitting there wasting away on the drive?

Fad

Member

Registered: 1st Feb 01
Location: Dartford Kent Drives: 330cd
User status: Offline

10th Jul 08 at 12:20

quote:
Originally posted by Jas
Im very tempted now fad. You speak sense...

Would the intest on say just over 5k be noticeable in a year though?

Well Halifax and most banks will offer a hight interest account in the region of 5-6% which your earnings will dpeend on how many times a year it is compounded.

I'd maybe look into bonds if you know you wont need to spend the money which you could get a rate up for 7.5% only issue with this is it will take time to gain access to your money, which I think will be fine as you wont be in the country.

have a look at www.fool.co.uk some great info on finances.

Also look at it this way...its not like you'll never find another Ibiza again is it?

Jas

Member

Registered: 13th Oct 04
Location: Mid Wales
User status: Offline

10th Jul 08 at 12:27

Yeah true, I think I will get rid even if I let it go for 5.2k il get something tidy when I get back..

Ed, id have to take a loan out to run the ones your thinking about