VW Scirocco, 13 Plate, GT, Bmotion, Nav/Leather - Advice Wanted: Scirocco keep or sell?

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Thu 13 Nov 2014 07:42
VW Scirocco, 13 Plate, GT, Bmotion, Nav/Leather - Advice Wanted: Scirocco keep or sell? - Rocowner
VW Scirocco, 13 Plate, GT, Bmotion, Nav/Leather

A change in my job means that I hardly use my Scirocco now. I bought it from new in April 13 on finance with a deposit of around £7000. I love it and it is perfect for commuting. However, I don't think that my sizeable monthly payments (about £350) are worth it to have a car sat on the drive. Another consideration is that I will be commuting decent distances again in 2 and a half years time, At which point I will need a nice overtaking machine just like a Scirocco.

What I need advice on is the most sensible thing to do:

Option 1: get rid ASAP to avoid further depreciation and then buy something suitable in a few years time when I need it

Option 2: take the hit, keep the car, keep paying the finance and then I will already have the car I need when I go back to commuting

Option 3: something else?

Thank you in advance for advice.
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Thu 13 Nov 2014 12:32
VW Scirocco, 13 Plate, GT, Bmotion, Nav/Leather - Advice Wanted: Scirocco keep or sell? - alan1302

Get rid - no point in paying out for 2.5 years if you are not going to use it.

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Thu 13 Nov 2014 12:46
VW Scirocco, 13 Plate, GT, Bmotion, Nav/Leather - Advice Wanted: Scirocco keep or sell? - Happy Blue!

Agreed.

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Thu 13 Nov 2014 22:43
VW Scirocco, 13 Plate, GT, Bmotion, Nav/Leather - Advice Wanted: Scirocco keep or sell? - oldtoffee

if you sell the car you'll have to settle the finance with a chunk of the equity in the car maybe leaving you not much. The car will have depreciated more in the last 18 months than it will in the next 30 months so it "might" make financial sense to keep it and own it rather than have to buy another car in 30 months. Have you had a settlement figure?

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Fri 14 Nov 2014 00:16
VW Scirocco, 13 Plate, GT, Bmotion, Nav/Leather - Advice Wanted: Scirocco keep or sell? - Avant

There's more to life than commuting. Keep it and have fun with it at weekends.

Edited by Avant on 14/11/2014 at 00:16

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