Probein

I've read many posts on here with people talking about how they've spent god knows how much on a new car.. and it always makes me wonder, how DO people afford to do so?

I realise that many must have good jobs etc, but even with a great salary, £20,000+ on a car is a mega amount of cash (I'm not saying it's a waste, christ, I'd spend every last penny I have on cars if I could get away with it!).

So, have you ever bought a new car for that kinda money? If you have, how did you do it? Finance? Loan? Savings? Head of a multi million pound criminal organisation? Or just generally loaded!

I'd be interested to hear your input!

DAVE-W

Most I've ever spent in one go is when I bought my Mitsubishi Warrior pick up (to replace my first Impreza).

Rather stupidly went into the local main dealer and ordered it brand new with lots of options (the majority of them actually ) without a test drive......just thought it looked good and I wanted one! £22 grand or thereabouts and I sold it 6 months later as it was so slooooowww and rather uncomfortable.....lost £7 grand LOL

Dave

SirFozzalot

Most I have ever spent on a car was when I bought my MY03 Impreza STi new. Bought with a lump sum of savings and the rest through a loan.

Can honestly say, it's some of the best money I have ever spent. I have experienced some great times and met some great people and made some true friends simply through owning a scoob! No regrets!

RRH

£160,000 on a 550 SuperAmerica- although it wasn't for me- it was for a customer in Brisbane. Nice to drive for a couple of weeks though- shame they couldn't load the container straight away

Cocker

iTrader: (3)

From memory my car have been from recent to last

£15999
£10995
£15750
£11995
£4995
£2995
£1750
£1995

fivetide

iTrader: (1)

11k on the scooby. 5k down and the rest finance.

5t.

[Davey]

Relatively speaking (i.e. cost to sallary at the time) £3,700 was the most I've spent.. I was 19 and I bought a 3 year old Cavalier CDX..

chocolate_o_brian

iTrader: (22)

£3900 on my my99 scoob in december...

approx the same spent on it since

TonyG

£19 500 on the Scoob, brand new, back in 2001. No finance, did it with "some loose change I had lying about".

girl-in-a-scoob

Paid £24 cash for a Volkswagen for it to go wrong and be told that we would have had better come back if we had put some of it on finance or credit card


Then did the same with the scoob... no we didnt learn... paid £20k cash for the scoob...

supernick

My cars
1. £4000 - paid for
2. £10000 - half of it on finance
3. £22000 - most of it on finance - my subaru
4. £600 - paid for - my runabout when couldnt afford petrol in above subaru
5. £3500 - new car paid for

stilover

Most people have a trade-in car when purchasing a new car. So buying a £27k car won't neccesarily cost you £27k (full wack). Say your trade-in is worth £15k. You only now have to stump up £12k.

Of course all the car's cost you more if you use credit to buy them. I think ever since buying my first car 15 years ago, I've only had probably 2 years that I've not been paying off a loan for them.

DAVE-W

What do you expect for a £24 car...some people!



Dave

girl-in-a-scoob

LOL... Yeah I see what I did

bbigman2000

35k for my RS6 is the most expensive one ive bought, the money came from a house sale due to divorce.

PaulC72

20k

Although I have probalby lost enough on cars in the last 6 years to buy some very nice other ones Lol

corradoboy

Sierra Sapphire - Bought for 4k, sold for 2k with (1)62k on clock CASH

VW Corrado - Bought for 9k (2k from Sierra, 1k savings and 6k loan, paid off 8 months later with redundancy money), sold 13 years later for 1.8k.

Scoob - Bought for 16k (1yo MY03 WRX PPP) and added it to mortgage (flexi-repayment jobby), sold for 11k 3 years later (did well to get that).

Fabia vRS (x2) 9.2k each - Money from Scoob and Corrado plus 5k on mortgage, chopped one in last week against an Octavia and only lost 200 quid in 6 months and 8k miles

Octavia 2.0 TDi PD140 Ambience - 10.2k, Fabia + 1.2k on mortgage.

My current mortgage allows me IRO 70k of cash spending if you count all the potential equity in my property. Of course I would never do that, but it is nice to know it's there. If I can get the balance below 40k then I may treat myself to an Ariel Atom

Leebo77

Paid 50 quid for my first car, a Mini (1979) back in 1995...

...after a few other cars, paid 34,000 for an RB320.

VTR Bondy

15000 on my first car(a focus) i was on around 12k a year at the time and it put me in the poo for a while but i loved the car to peices

bootsy

16800 civic type r

simonbb1328

15695 my 07 2.5 wrx

MarkGArgyle

£15400 New '06 Euro WRX bought for new arrival in family (honest!)
£13200 9mth old '52 Hyundai Coupe
£5500 3yr old 'R-Reg' Escort Finesse (not sure where the Finesse was!)
£2300 F-Reg Nissan Micra (first car - bought as a present by parents)

Hmm why didn't I spend £36000 on a nicer car in the first place?

Scoob99

iTrader: (1)

£15750 on my Scooby No finance but I did have some money from a very serious RTA that paid for it
Cheers
Colin

RB5SCOTT

25k for my RB5
27k for my UK300 (way too expensive looking back now)
34k for my current M3

chocolate_o_brian

iTrader: (22)

just gonna say how did you afford nearly £16k on a postmans wages...

hows the strike action going anyay. pm me if you want, interested to see whats the latest after fridays strike.