Car question - what`s the best small, cheapest car out there that will still carry a bike?

[Dirk]

You can buy most small cars, for around £150 a month including three years of free servicing.

Buy?

 

[screenman]

They are so cheap for a reason. They are crap. Buy one at your peril.

Where did you get that information from? Are you writing about the older one from years back or todays more modern one.

 

[Sandra6]

Buy?

Yes, buy. Are you not familiar with the concept?

 

[screenman]

Yes, buy. Are you not familiar with the concept?

I think what Dirk is getting at is that £150 a month seldom see's you ending up being the owner without a big lump up front and another at the end.

 

[Dirk]

Yes, buy. Are you not familiar with the concept?

I think I have developed a basic grasp of the idea of purchasing and ownership over the years.

So, you pay £150 a month, over x amount of months, and you actually own the vehicle - no other charges involved?

Do tell more.....

 

[Sandra6]

On higher value models, maybe, but with a panda or similar, £150 a month would see it paid off in five years.

 

[Julia9054]

I think what Dirk is getting at is that £150 a month seldom see's you ending up being the owner without a big lump up front and another at the end.

You don't even need a big lump up front these days. For someone with a regular monthly income, it is an increasingly common way to "own" a car.
I intend to get rid of my pile of poo rattlebag Clio in a year's time when son number 1 graduates and is off my books and get a new car that way. The other choice is to get a bank loan, pay a similar monthly repayment to pay it all off within 3 - 4 years and buy yet another old banger.

 

[Julia9054]

On higher value models, maybe, but with a panda or similar, £150 a month would see it paid off in five years.

Not sure this would be the case with a brand new car - even a panda.

 

[screenman]

You don't even need a big lump up front these days. For someone with a regular monthly income, it is an increasingly common way to "own" a car.
I intend to get rid of my pile of poo rattlebag Clio in a year's time when son number 1 graduates and is off my books and get a new car that way. The other choice is to get a bank loan, pay a similar monthly repayment to pay it all off within 3 - 4 years and buy yet another old banger.

Own being the important word, if you owned it there would not be so many clauses in the contracts, mileage for one.

 

[Sandra6]

Not sure this would be the case with a brand new car - even a panda.

Well, that was the deal fiat offered us.

 

[Julia9054]

Well, that was the deal fiat offered us.

Cool - I have a year to research and will look into that one.

 

[Julia9054]

Own being the important word, if you owned it there would not be so many clauses in the contracts, mileage for one.

Not an issue for me really. I drive maybe twice a week now the kids have left home and do 4000 miles a year tops. I have been keeping track as I am doing my research thoroughly over the next year.

 

[Dirk]

Well, that was the deal fiat offered us.

Was it an HP, PCP or PL deal?

 

[screenman]

Well, that was the deal fiat offered us.

No deposit, no lump at end, no restritive mileage. I would hasten to add that most people I know are well fed up with paying for their car well before the first year is up.

Your figure come to £9,000 so I can see that working, the predictive value in 5 years is £2,000

 

[Dirk]

It’s often cheaper in the long run to get a bank loan and purchase outright.

Even cheaper to pay cash.