Okay, have devoted a lot of thought to this. At the end of the day I am very lucky to have a working car at all. Even though Vlad has about 37 bhp, smells when left in the sun on hot days, and everything non-essential has broken already.

I am not past my introduction time at Peugeot, so I am not as secure in the job as I could be. But I am confident that when it comes to it, I have not done anything bad enough for them not to want to keep employing me.

Skoda has got back to me, and I could have the car over 60 months with monthly repayments of

Like I said in the other post, try putting the "monthly payment" away for a few months and see how you get on, if you can manage then it's up to you.

60 months/5 years is along time, after the 60 months is the car yours or do you have a baloon payment?

Skoda has got back to me, and I could have the car over 60 months with monthly repayments of £220.

So overall you'd be looking at paying out about £13200 for a £9k car which will be worth...well, maybe a couple of grand in 5 years time...

Or, in other words, being fairly optimistic, it'll cost you over £2k per year to just have ownership of the car...just how badly do you want blippy keys and a CD player?

Rob.

The car is mine after 60 months. I am not likely to get it, because at the end of the day what is an expensive car in your drive when you cannot afford to insure it?

I am torn between having the feeling that I can comfortable manage a bill that lands on my doormat, or the feeling of having a vRS. I saw a guy in Marsh Barton today in a black one, he looked incredibly cool.

Did you ask him if he was single? Might be a cheaper way to get to drive a vRS

Chris

Did you ask him if he was single? Might be a cheaper way to get to drive a vRS

Chris

I'm sure there is a few single lads on here that might help you out :p

Did you ask him if he was single? Might be a cheaper way to get to drive a vRS

I did actually think of that. Either that or work in a skoda garage.

My honest advice to you: Don't take 60 months of finance. You'll end up regretting it, especially when you're about 3 or 4 years into it and you're getting itchy feet again.

You'd be much better off saving up, and you'll save yourself a bucketload in interest.

I'm sure there is a few single lads on here that might help you out :p

Ahem...

its a shame i know i mean im 23 and have a occy vrs but if it wasn't a company car i don't think i would be able to afford the insurence on it but hey atm its not a problem but when i loose the car when im 25 its gonna be wierd that im gonna have to get a older car which will be either less powerfull or gonna take a chunk out of me insurence oooo m3 evo convert mmmmmm :P (2500 a year to insure!!!!)

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!

oooooooo yellow pickup they do look well nice modded but talking about them saw one 2day broke down near the a30 in cornwall today poor bloke nearly got out and helped him as well :P

My honest advice to you: Don't take 60 months of finance. You'll end up regretting it, especially when you're about 3 or 4 years into it and you're getting itchy feet again.

I get itchy feet with cars after about 18 months

Ahem...

funny enough I had you in mind when I said that!

Kitten killer!

I get itchy feet with cars after about 18 months

Usually about three months for me!!!

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

Despite what i have said in the other thread I agree don't take a loan over 5 years, (thought you had some deposit and were looking at a 2-3 year loan). However if it is a vRS you really want you may not be happy with a FUN, the insurance will still be higher and it will still depreciate. As someone else suggested save the £250 a month and see if you can cope, (set up a direct debit into a saver account that pays a bonus), keep the car you have got till it breaks then re-evaluate your options (if your current car passes oits next MOT) you coukd easily have 3 - 4 K to use as a deposit!

Bit of a mine field buying a Fun, be carefull, an awful lot of snotters out there now.

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

[/quote']

Should have bought mine, would have saved you the bother

It strikes me that a decent choice might be a few years old Fabia Comfort or Elegance with the PD100 engine.

Ok , so it's not a VRS but it'll be half the price , will be insurable and offers a lot of the fun of the faster car. Compared to your current car it'll still feel like a huge improvement.

Spending between 5 and 6 grand will get a you a good car that can be paid off easily in 3 years and as the 12volt showed , they can look every bit as good as a vrs

It strikes me that a decent choice might be a few years old Fabia Comfort or Elegance with the PD100 engine.

Ok ' date=' so it's not a VRS but it'll be half the price , will be insurable and offers a lot of the fun of the faster car. Compared to your current car it'll still feel like a huge improvement.

Spending between 5 and 6 grand will get a you a good car that can be paid off easily in 3 years and as the 12volt showed , they can look every bit as good as a vrs[/quote']

You want to buy mine then Dr Z?

I got my vRS on a 4 year bank loan, 10,000 bank loan which was approximately £220pm, if you above 21 insurance won't be an issue and should be easily around the £500p/a mark and not £130pm like i pay to insure mine :eek:

There are also some very nice 2nd hand ones on autotrader now for as little as 8k with 30k miles, 8k over 4 years is only £170pm so why not think about this?

Just do a bit of searching on autotrader, get some quotes using confused.com (multiple car insurance checker) and go to moneysupermarket.com and find the best loan deals you can get. You'll find that you will probably be able to get a nice low APR of under 6% if you have a good credit history which works out a lot cheaper than a Dealer could ever offer you.

Hope this helps

There are also some very nice 2nd hand ones on autotrader now for as little as 8k with 30k miles, 8k over 4 years is only

My honest advice to you: Don't take 60 months of finance. You'll end up regretting it, especially when you're about 3 or 4 years into it and you're getting itchy feet again

Don't be TOO concerned with taking a car on finance over 5 years. If you plan on owning the car then it's a bit of a rip off but if you are not planning on owning it at the end there are options.

Point 1, do NOT take out payment protection, it is a rip off any financial advisor worth his salt will tell you that in reality it isn't worth the paper it's written on. In many cases you can't even claim, thus rendering it useless. It really does bump up the monthly payments and for 99% of the people the outlay just isn't worth it.

Point 2, make sure it is a HIGHER PURCHASE agreement. In this instance the finance company (e.g. black horse) own the car for the entire agreement period, you simply hire the car from them. Once you have paid 30-40% of the repayment total the finance company can no longer take the car off you without a court order even if you haven't paid your payments. Secondly and this is the MAIN point i was getting to (eventually), nearly all higher purchases agreements come with a statutory 'voluntary termination' clause.

What this allows you to do is end the agreement at any point and give the car back to them. There is a condition, you MUST have paid off 50% of the total repayment value. If you have not paid 50% then the finance company MAY allow you to make a one off payment to acheive this 50% (it's in their interest to do this as the car will be worth more than making you wait).

So in short although your agreement is for 5 years, you are not stuck with 5 years, after 2.5years you can simply hand the car back and start again.

You will NOT be blacklisted for this, it is your right to do so.

Downside, you will not have a car as part exchange when you go to buy another.

I did this with my last car, after having plenty of problem and with MG-Rover going bust I realised the car simply wasn't worth anything to me anymore and I effectively had a lot of negative equity. So i contacted blackhorse, arranged for voluntary termination (paid £700 to take me to the 50% mark), within a week they had sent the forms, i arranged to drop it off at the auction house and within two weeks of the phone call I had got rid of it and ordered a fabia vRS.

So don't worry too much about the 5 year thing, there is an option to get out of it so long as you don't mind not having a car to exchange at the end.

get a 5 year loan and go 2nd hand. after any length of time you can sell the car and the money from the sale can go to another car whilst paying off the loan payments still. easy

im not a financial adviser so dont quote me. sounds good to me.i may do this if i get bored of my vrs. by that time, ill have aged nicely to afford insurance on a lotus elise!!