Thread: Modest Car....
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Old 21-06-2007, 09:12 AM   #2 (permalink)
big
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Re: Modest Car....

Someone will ask you to give your stats and your car history when asking questions like this :p

10k buys you a LOT of car, no need for finance and no need to keep it modest either. Don't buy a new one - let someone else take the main depreciation hit

What budget do you have to run the car? If you have plenty, look at:

Subaru WRX STI
Mitsubishi Evo 6
Honda S2000

If you don't want the running costs of the above (and/or want something a bit newer, as you'd only get a 7 year old car for your 10k with the above examples), something like:

Honda Civic Type R
VW Golf GTI
Ford Focus ST170

You should be able to pick up a 2003/2004 car of one of the above within your budget.

Just IMO, finance on a car is a foolish thing to do. Paying interest on an asset which depreciates is far from sensible, particularly if you're saving towards a house.

In fact, if you are serious about getting a house, it may make sense to just buy a cheap runaround car for £1k with low running costs and save the rest towards a house deposit. They aren't cheap you know
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