Right
As you allllll know I've been unsure as to what i want to do with regards to the 200.
Im still very much torn with the car. I love it but am mighty scared that one day itll cost me a small fortune. Id like nothing more than to keep it and Meg it eventually the same as James has done, but the history of CL10 FTW is a little tainted to say the least.
At time of purchase i was 21, at home with mum and dad and didnt see much change in the next 4 years of my life. Fast forward 3 years and im in rented accomodation with the misses (wanting a house of my own), and have a car that is rapidly losing value and has had major warranty work carried out.
Clio 200 with options was nigh on £20,000, yes i know thats a lot of money, but its a lot of car and i still look back at it everytime i walk away when parked up.
0% finance over 4 years. 3 years warranty (had my fair share of work). £4,000 deposit.
To keep the numbers easy, I'll do it as if we are at the end of year 3, Feb 2014.
If i was to sell now;
£4,000 deposit + 36 monthly payments of £324.00 = £4,000 + £11,664 = £15,664 Total Paid. £3,888 Outstanding.
Car would be worth, what, £10,000 in February? So £10,000 - £3,888 = £6112 in my pocket to go straight towards the house fund. PLUS the £325 i was paying a month.
Keep to sell at end of loan period;
£4,000 deposit + 48 monthly payments of £324.00 = £4,000 + £15,552 = £19,552 Total Paid. £0 Outstanding.
Car would be worth, what, £8,000 if im lucky? So I've paid another £3,888 for another year on the Clio, which is now not under warranty and worth a few grand less than it was a year ago.
This all went away because i wanted the Clio for the Euro trip, and loved every single mile. The way it handles the mountains was awesome. But now im home again its going to waste. Too and from my liftshare morning and evening and then one week, with 4 adults, for 350 miles....its not the car for commuting in really.
Help!! What do i do?!
Im back at college now so doing another 100miles a week. The way i look at it, if i buy a car from my positive equity, after two years of driving something cheap to college id be alot better off what with selling the car now and not having the monthly payments.
A house is my ultimate goal right now.
As you allllll know I've been unsure as to what i want to do with regards to the 200.
Im still very much torn with the car. I love it but am mighty scared that one day itll cost me a small fortune. Id like nothing more than to keep it and Meg it eventually the same as James has done, but the history of CL10 FTW is a little tainted to say the least.
At time of purchase i was 21, at home with mum and dad and didnt see much change in the next 4 years of my life. Fast forward 3 years and im in rented accomodation with the misses (wanting a house of my own), and have a car that is rapidly losing value and has had major warranty work carried out.
Clio 200 with options was nigh on £20,000, yes i know thats a lot of money, but its a lot of car and i still look back at it everytime i walk away when parked up.
0% finance over 4 years. 3 years warranty (had my fair share of work). £4,000 deposit.
To keep the numbers easy, I'll do it as if we are at the end of year 3, Feb 2014.
If i was to sell now;
£4,000 deposit + 36 monthly payments of £324.00 = £4,000 + £11,664 = £15,664 Total Paid. £3,888 Outstanding.
Car would be worth, what, £10,000 in February? So £10,000 - £3,888 = £6112 in my pocket to go straight towards the house fund. PLUS the £325 i was paying a month.
Keep to sell at end of loan period;
£4,000 deposit + 48 monthly payments of £324.00 = £4,000 + £15,552 = £19,552 Total Paid. £0 Outstanding.
Car would be worth, what, £8,000 if im lucky? So I've paid another £3,888 for another year on the Clio, which is now not under warranty and worth a few grand less than it was a year ago.
This all went away because i wanted the Clio for the Euro trip, and loved every single mile. The way it handles the mountains was awesome. But now im home again its going to waste. Too and from my liftshare morning and evening and then one week, with 4 adults, for 350 miles....its not the car for commuting in really.
Help!! What do i do?!
Im back at college now so doing another 100miles a week. The way i look at it, if i buy a car from my positive equity, after two years of driving something cheap to college id be alot better off what with selling the car now and not having the monthly payments.
A house is my ultimate goal right now.
