I can get a 107 for £99 a month.

Do not forget, I can get very cheep servicing through mate's rates at work.

107 for £99 per month..... but it's a rubbish car. Get an older, more fun car instead. Surely you have some 106 GTis or even Quick Silvers in on p/x every so often?

Or do what Phil did and look around for an old Datsun

I DO NOT WANT A PEUGEOT!!!

I spend all day driving them. I want something that is a bit of fun, that I do not drive all day.

If I wanted a fun car to drive that is a peugeot, I would get a partner van 1.9 110bhp. They are a scream, low low range gear box, yards of torque. Do not come under any ncap stuff as a work car. Mental to drive

I am taking on all your advice on board. Basically, if they can get the car for me at under

Go with the furby, but do what DrZ said, and put that 40% salary into a little isa. Wait til after your loan is paid back and put that in as well. Also, get a year of no claims down to reduce the insurance a bit.

Is good to save with a target in mind, if you can put a chunk of money down then the interest, hence waste, will be less.

I have wanted to replace my Favorit from just about the moment I heard you all raving about Fabia vRSs.

My bank won

savings depreciate, think about it, banks etc make money for themselves not you. If you want to save buy a house, but you can't afford that so s0d the lot and enjoy yourself get the car.

Savings don't depreciate. As long as your interest rate is above inflation you're fine. Bank deposits are a low risk, low return investment, everyone knows that, but you do get interest which is more than you get with a car!! You'd probably be better putting money in shares or a unit trust if you have it spare to throw around! at least you might make a good return on it!

Cars are a waste of money. End of. They become less of a waste of money the older you get, as it becomes more practical to insure and also you will probably be earing more by then.

We need an expert in the thread. One will be along shortly.

I borrowed £9.5k for a car when I was your age, I'd not do it again mind. It's one of those things you learn in life.

I wouldn't spend 40% of my salary on a car for all the reasons given already.

If it's a Fabia you want you could do what I did.

My wife wanted a Fabia estate as one of her friends had one & after she had a shot in it she decided that it was the car she wanted. It had to be an estate though as we have a couple of Labradors & need the extra space.

Anyway, I started looking about and eventually found one on ebay of all places, it was a 1.9Tdi on a 52 plate with FSH & 43,000 miles and it was immaculate . Being an "Elegance" model it had all the goodies, aircon, heated seats, electric front & rear windows, alloys, central locking, alarm, immobiliser etc, etc in short a really great spec for a wee car !

I got it for £5,200.

I remapped it for another £300 & for £5,500 I've (well my wife's) got a car that's as well equipped (if not better equipped) than a VRS and with the remap it's as quick if not quicker than a standard VRS !

Now I'm not saying you'd want a Fabia estate but a secondhand Fabia 1.9Tdi Elegance hatchback with a remap might well suit you both in terms of equipment, performance & not breaking the bank !

You have to look at this from what you want out of your life. You are only 19 and if I were you, and you can afford to, I would buy the car and have some fun in it, until you are at a stage where you want to become more practical and buy a house (which imo is the only way you will make a real return on any investment you take out). The rates that you can obtain finance on these days means that you effectively get a better interest rate by borrowing the money than having it tied up in savings (stocks and shares are really for those people who can afford to potentially lose their investment). So, go and enjoy yourself and ignore all these old farts with their good practical advice

Savings don't depreciate. As long as your interest rate is above inflation you're fine.

The main reason to save is to buy a house at age 19 - 25

14 years ago my house cost 48k deposit payed of 15k = 32%app

house now worth 150k, 15k in bank for 14 years at 4.0% = 26k app (Compound) = 17 % Value of house so in real terms the value of my deposit would have halved by leaving it in a bank. A car is a very poor investment 99% of the time and of course saving is better fiscally, but who wants to be the richest corpse in the graveyard. If you can confidently meet the repayments and it will give you pleasure, it as got to be better than spending that amount (as a lot do ) on saturday night entertainment. Most people who buy a new car do so on the back of a loan somewhere along the line, for example they might pay 18k for their new vRS but have they got a mortgage they could have paid into instead? So long as you are happy with your decision, and like it or lump it at the end of the day. If you worry about money then don't do it stick with the cheapest you can,ie what you have got because that will get you were you are going as surely as a 50k machine, but if its what makes you happy go for it, its why you go to work.

Of course property is one of the best investments you can make, but how on earth are you going to buy it if you waste all your money on cars?? It's hard enough as it is for first time buyers, you need to start saving for deposits as soon as possible.

Also the phrase 'you cant take it (money) with you' is true, but that said, who wants to have to rely on the state pension when they're old?? Might not even be one by the time I reach retirement! Putting it into property/other investments would help provide for that too. To me it seems silly to squander money for the sake of waiting just a couple of years! Out of a lifetime it's really not that much is it?....

I'd save for a year to get a good deposit down it will also help you learn to cope with a constant large chuck on money coming out of your wages every month.

Say the repayments are

People, don't turn this into an argument. This thread was started for opinions and if your opinion differs from that of somebody else, just accept it and move on, you've already put your thoughts across, so don't try and change everyone else to your way of thinking.

I may be reading to much into the thread but it seems to have become an argument amongst people.

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In my opinion, if Emily-Elizabeth can afford to go with the car, then go for it but work out all your finances beforehand and see if it would be better to wait a while.

Now, i'm going to go off and hide and await any arguments or put downs for voicing my thoughts that come my way. :sofahide:

Now, i'm going to go off and hide and await any arguments

Well, do you want to have just the one 5 minute argument, or were you thinking of taking a course?

Chris

Well' date=' do you want to have just the one 5 minute argument, or were you thinking of taking a course?

Chris[/quote']

It depends who's arguing!!

Do not buy what you cannot afford. At 19, I didn't even have a driving licence, let alone a car. My first car at 26 was a 1.0 VW Polo, and I've worked my way up from there: Polo -> Octavia vRS -> Mondeo ST220

You could get a very nice car indeed for much less money, and build up your no claims and finances.

I have decided that I am going to buy one of those yellow pick up skodas that were a special addition. Does anyone know what they are called? I have seen a few about.

Then I am going to modify it a lot. I am very clueless when it comes to modifying, this would be a first venture. What should I do to it first?

Does anyone know where there is one for sale? I am on a better salary now, so I can afford a new car – just not one that expensive!

FELICIA FUN

I would recommend talking to Lummox about modding the Fun

and thats a really good choice of car