Bank the money or buy a sports car? - Carmad 10000
Hi,

Im 20 and currently have a Mini Cooper S and I am in the process of changing jobs, and as a consiquence get a company car. I work in the car trade so will get a Golf 2.0GT 140 as my company car so there is no point in keeping the Cooper S.

Now realisticly, im going to get about £14k for the Mini and I was originally going to put the money into the bank. However, I have had some time off this week and the thought of buying a weekend car for some fun has crossed my mind.

Now, looking on Autotrader I can get an Elise from £9k upwards which seems very reasonable. Obviously, I can see these being a bit tatty at this price, However, I could get the '111' for about £12k for a nice example, and I doubt I would lose much money on the car over 1-2 years. Would you agree?

Also, running costs dont seem bad - it comes out at £700 cheaper to insure than the Cooper S for the basic Elise or £500 for the '111'. Servicing doesnt seem too steep either.

Would you say this is a viable option or am I living in la la land and stick the money in the bank?

Also, any other options would be good - I was tempted by a westfield or something but they seem impossible to get insurance quotes for online. Budget is anything upto £15k - but want something which will hold its value, and is reasonable to run.

Cheers
Bank the money or buy a sports car? - doctorchris
Come on, be sensible and use the money to get a toe-hold in the housing market or you will spend the rest of your life in cheap rented accommodation or living with your mum.
OR buy the biggest motorcycle you can find and really have some fun on the road.
Bank the money or buy a sports car? - spikeyhead {p}
forget teh sensible option. Nothing holds it value like a Caterham 7. Cheap to insure on a limited milage policy.
--
I read often, only post occasionally
Bank the money or buy a sports car? - THe Growler
Get the car. You're a long time dead. At your age the last thing you should be doing is being sensible.
Bank the money or buy a sports car? - wemyss
Listen to Doctor Chris (apart from the big motorbike idea.)
Unless your parents are rich.....
Bank the money or buy a sports car? - P 2501
I like growlers attitude but i've got to agree with Doctor Chris - 14k quite alot to blow on a car at your age especially when you already have (or will shortly have) a fine car.
Bank the money or buy a sports car? - madux
>>Listen to Doctor Chris (apart from the big motorbike idea.)
Unless your parents are rich.....


They might be, if he owns such a new car outright at age 20!
Bank the money or buy a sports car? - Altea Ego
Unless your parents are rich.....

If they were, he wouldnt be asking.......
Bank the money or buy a sports car? - teabelly
I'd spend half on a weekend car and get something older and more of a classic that will hold its value better than the elise. Put the other half in the bank and when you have a few more years ncd I'd then go out buy something newer or more exotic. That way you do both and have the option of using the rest of the money for another purpose.


teabelly
Bank the money or buy a sports car? - Garethj
Spend 5k on a second hand track car and go racing, a bigger thrill than driving any car on the road and you won't lose your licence (handy if you're in the motor trade). Hang onto the rest for the moment in the bank just in case an "unmissable" opportunity comes up either with a house or another car!
Bank the money or buy a sports car? - Conditional Identity

My advice, for what it's worth, would be one of the following:

1. If you really want fast car experience, buy a car for track use only, and protect your licence.
2. If it has to public roads, then I would try to find the lowest deprciating car you can. Not sure if the Elise is ideal - you'll lose 2-3 grand in the next 18 months on top of the running costs.
3. (My choice) Don't get another car - you're already gonna have a nice one. I lost 20k on my last car in 3 years, and am now desparately saving to get a flat. A friend of mine is also in a similar situation, and we're both regretting it.

It's all very well to "live for the moment", but I agree with the above posts and try and strike a balance.

Apologies for dullness
Bank the money or buy a sports car? - cdbr
If you work in the trade then use your contacts and knowledge to both run and profit from a second car.

Now is not the time to be buying a sports car, start looking for next winters most desirable 4*4 - buy it very cheaply, have a bit of off road/beach fun, then prep it up for an Autumn sale at which point you can start looking for a cheap summer car.

Notwithstanding all the Rover malarky, MG sports cars with delivery miles and 04 plates were going for £9-£10K at auction - that is cheap in anyone's book.

Have recently seen a pile (60 or so) Freelanders waiting to go through auction, there would be a bargain in there somewhere.

If this doesn't appeal then the house (£10k), pension (£2k) and a dabble (£1k)in the stock market are the way to go.
Bank the money or buy a sports car? - trancer
My first thought would be to buy a house or invest the money, but then I realized I am not 20 anymore and don't think like someone who is.

When I was 20 I had a similar dilemna. Do I spend the $10,000 I had scrouged and saved for on a Mustang GT (the car was the reason I had saved in the first place) or do I keep my old car and buy $10,000 worth of company stock, which was at an all time low due to Desert Storm.

I bought the car and after 6 years and sold it on for $3000. The company stock would now be worth about $136,000. No regrets.
Bank the money or buy a sports car? - Aprilia
At your age and with your resources I wouldn't spend £10K+ on a weekend car - it'll probably only get used on summer weekends anyway and the depreciation cost on a 'per mile driven' basis will be very high.

If I were you I would buy a 10-year-old Jap import (R33 Skyline, FTO, Celica, MX-5, whatever takes your fancy). Try to find a rust-free one with lowish mileage (they are around - I've bought & sold a couple). You should get one for around £5k. Then insure it on 'classic car insurance' with limited mileage (3k a year should be enough?).
You won't lose much on depreciation and the car shouldn't give you too much grief (personally, I would steer cleer of an Elise).
Bank the money or buy a sports car? - GrahamF1
Despite what the estate agents and property programmes on telly would have us believe, now is not the time for a 20 year old to get on the property ladder.

Property is ridiculously over-valued. People are borrowing 4-5 times their annual income because of dodgy self-certification of income practices. This will all stop when mortgage lending falls under FSA control shortly. The average house price is nearly 5 times the average income - the historical norm is 3. The turn has started, and it'll only accelerate from here on in. I know prices don't yet relect this, but they take months or even a year to adjust - the other signs are all there. For instance:

Look at the property for sale in your local rag. See how many advertise 'no upward chain'. That's all the buy-to-let landlords bailing out.

Houses are generally going for around 90% of the original asking price - at the height of the boom 18 months ago there was no way you could pay any less than the asking price.

Houses now take about 6 weeks to sell, compared with 3 weeks at the height of the boom.

Estate agents have loads of houses in their windows, and very few buyer enquiries.


In short, enjoy the money and buy a sports car! Think about the housing market when (a) you're older, and (b) it has normalized.
Bank the money or buy a sports car? - tyre tread
"Despite what the estate agents and property programmes on telly would have us believe, now is not the time for a 20 year old to get on the property ladder."

GrahamF1 - I agree 101% - either salt it away for a few months and watch the property market for a bargain (good long term plan)

OR

Buy a TVR and enjoy!

I had this situation when I was in my late 20's - £15K to spend on car or house - Went for house.

Financially I am better off but I have regretted not grabbing the chance. I'm now 40 something with a wife, a house, 2 cockatiels, 3 fish and a Rover P5B (the 3.5 litre one) to support!

Good luck whatever your decision

Bank the money or buy a sports car? - Altea Ego
"The company stock would now be worth about $136,000. No regrets."

No regrets? blimey I would be slitting my throat, what kind of automotive machinery could you buy now for that money?



Bank the money or buy a sports car? - Big Bad Dave
Drugs and alcohol
Bank the money or buy a sports car? - Robin Reliant
Any twenty year old who is sensible with money should have it taken away from them.

No brainer, get the car.
Bank the money or buy a sports car? - Stuartli
My heart rules - I'm with The Growler and Tom Shaw on this one...:-)

We're only on this earth once (as far as I'm aware anyway) so do the things you want to do now or when the opportunities present themselves and, when you're my age and more, you'll have lots of happy memories to look back on.

At your age you probably think you will live for ever but time flies, believe you me...:-)


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What\'s for you won\'t pass you by
Bank the money or buy a sports car? - Stuartli
PS

One of my aunts, on the occasion of her 86th birthday, told my mother that she was saving her money for her old age. She died just six years later worth even more but, unfortunately, you can't take it with you...:-)
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What\'s for you won\'t pass you by
Bank the money or buy a sports car? - TrevL
I'm reminded of the wise advice I was given when leaving the RAF with a gratuity and still being a young man.....

"Spend half of it on wine,women and song and then just fritter the rest away"

No, I didn't heed this Socratic wisdom, but looking back over time....it wasn't a bad idea!
Bank the money or buy a sports car? - madf
I agree with the advice on not buying property.. The post election tax rises will be very painful on post tax incomes and hit the market badly.

I would not spoend all my money on a well worn Elise: at £11k you will probably need to spend £2k to make it safely thrashable - which is what you plan to do?

Agree with Aprilai - buy some real power - a Skyline twin turbo/single turbo would give more fun per pound.

I waited till my 50s to buy my first sportscar. It was great but I no longer enjoyed noise/draughts and the hassle. Do it when you are young.. but spend half the money (allowing £2k for repairs and £5k for a car and save the rest.

So speaks a boring ex accountant:-)

madf


Bank the money or buy a sports car? - Carmad 10000
wow what a response! logged on just now to see 22 replies! thanks!

Well, I tell you what - Im very tempted to go for something upto say £6k - allowing me a bit of money in the bank.

Basically, with the Cooper S I originally brought a Mini ONE after a lot of saving. I waited 3 months for it and owned it for 18 months covering just under 20,000 miles. I managed to sell it and lose only £500 in that time - which was the main influence for buying the Cooper S. After working in my last job for about 6 months I managed to pick up my current S from a trade source in mint condition with only 1600 miles on the clock and paid only £1500 more than I got for the ONE. I have a buyer lined up for my car and will lose about £500 after 9000 miles of use in just under a year. They are brilliant cars for depreciation if you can buy them for the right money.

As a consiquence, i dont want to buy a 'dud' car and lose the money I have saved up. I think the wisest thing to do is spend upto £6k and keep some aside along with my other money. At least then I wont feel soo guilty!

Quite like the idea of a caterham but concerned about insurance. Where could I get a quote online? Any idea what group insurance they are as well?

Thanks a lot for all the messages
Bank the money or buy a sports car? - THe Growler
As for property, never buy, just rent. That way you can move anytime you feel like it, you don't have hefty mortgage payments and you can escape neighbours you hate. The UK property market is a mythical bubble which people feel has made them wealthy far beyond their capacity to earn but will surely deflate.

Nothing to feel guilty about. Get the car you want. It's your life, nobody else's and there isn't a rewind button.

(Book of Growler 3:1).

PS: (TIC) I've got a hairy-scary '69 Mustang 351 cu. in. V-8 for sale which you really need a G-suit for when accelerating in a straight line as it pushes your eyeballs to the back of your head. I do advise several pairs of underwear on for tackling corners.....

Bank the money or buy a sports car? - SjB {P}
Or do what I did; Seven years ago, I 'invested' some of my redundancy money in taking and passing my bike test via Direct Access (£500 for all tuition, including use of school bikes).

It opened up a whole new world of Big Boys pleasure, and even the missus enjoys joining in, too. Perfect result, as I ride alone, with friends, or tour with the missus as takes my mood, and of all my interests - I have many - nothing comes close for smile-on-face escapism and long lasting after-effect.

As I have similarly said before; Sunday morning. 6:00am. Sun up. Garage door opens, and out trundle bikes from my Hornet 600, through VFR 750, to SP2 and Blackbird. Fire up, and trickle away quietly, leaving Slumberland behind us, Cagers still tucked up in bed or nursing a hang over. Brains in gear. Mist across the fields. Sometimes a hot air balloon wafting gently overhead. Sweeping, rising and falling A-road for miles in front. 13,000RPM and six gears to play with, and the prospect of a fry up an hour ahead. Life doesn't come better.

Sometimes we're back by 09:00, other times, we're out all day, perhaps covering 500 miles from Bucks, over Welsh Mountains, and back, shattered as soon as we stop, for tea. Either way doesn't matter. Whether taken at a brisk clip, or cruised gently, this drug lasts all week, before it's time for the next fix.

To stay a member of this club, my Hornet 600 has cost about fifty pence per mile to run over nearly seven years of ownership (so about half that of our V70 2.4T, and only marginally more than SWMBO's 306). Bargain.
Bank the money or buy a sports car? - THe Growler
Blimey SjB you're getting as lyrical as I tend to be.

But you're 100% right on.
Bank the money or buy a sports car? - Stuartli
>>As for property, never buy, just rent.>>

Renting means dead money - much better to use it in conjunction with a mortgage.
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What\'s for you won\'t pass you by
Bank the money or buy a sports car? - Robin Reliant
Two sides to it. Owning means paying for the new roof, replacing the windows, repairing the drains, etc etc.
Bank the money or buy a sports car? - mjm
Renting means the landlord won't do it either!
Bank the money or buy a sports car? - Pugugly {P}
Forget investing it buy the car that you want. You are guaranteed of losing a wedge - but how long is one's life ! At your age you should live for the moment.
Bank the money or buy a sports car? - Stuartli
>>Two sides to it. Owning means paying for the new roof, replacing the windows, repairing the drains, etc etc.>>

Precisely. You look after a valuable asset. I bought my superbly built Victorian semi-detached in the mid-1960s for just over £2,300; it's now worth at least £190,000 and probably more, based on sales of similar properties down our road.

Only snag is that there is not enough room between the properties for a garage and my car has to be parked on the drive.
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What\'s for you won\'t pass you by
Bank the money or buy a sports car? - Robin Reliant
The other snag of course is that the value of the property is pretty worthless. Should you sell up you still have to find somewhere else to live and that will have gone up by the same amount.

The only way to make is to eventually downsize. Most people however, end up leaving their houses to their kids (who are already homeowners themselves and probably better of than they were) or having relatives and the taxman fighting over it.

I speak as a homeowner myself, but if I could step back in time I would not be.
Bank the money or buy a sports car? - mjm
The main difference I have found is that after a fixed term, no more mortgage, rent goes on. At the start of our mortgage, repayments were dearer than rent, midway it was on a par, at the end it was peanuts compared to rent. Now there are non.

P S Buy a sporty car, don't go made with it, and be prepared to change when Cupid strikes for real!
Bank the money or buy a sports car? - Mudguts
>We're only on this earth once (as far as I'm aware anyway) so >do the things you want to do now or when the opportunities >present themselves and, when you're my age and more, you'll >have lots of happy memories to look back on.

I say:

Spend 10% of the money on a hooker and bank the rest, don't waste it on a house that will lose money faster than a car but keep it for when you are older and NEED a fast car, not WANT one.

You could of course get a fast motorcycle for a year, if at the end of that time you are still alive you will have learnt enough about road surfaces and going fast to be able to have fun in a Skoda estelle on 155 remoulds. At the end of THAT year, settle down and buy your house.

When you are bored get a second mortgage and buy a very fast family car like a M5.
Bank the money or buy a sports car? - Aprilia
Don't buy a house at the moment (at least not in the Midlands). I have a couple of other houses - one of which I bought last October - quite nice too, and in a good area. Haven't managed to get a tenant in it; rents are sliding (too many people doing buy-to-let); sales are slow and values seem to be dropping a bit.
Bank the money or buy a sports car? - Aprilia
"Quite like the idea of a caterham but concerned about insurance. Where could I get a quote online? Any idea what group insurance they are as well?"

Caterham not my type of car really - they look the part but can be a bit of a pain to own, I gather. £5-6k will get you only a fairly tatty one, from what I've seen of them at this price.

If you like the Lotus Elise kind of shape than why not consider a Mitsi FTO. Quite a natty little 2.0l V6 (very very smooth) and it really looks the part. Being a Mitsi they are extremely reliable (with one or two 'stock' faults that are easy to fix).

£5k will buy you a very tidy import from Japan which will be rust-free and no more than about 40k miles. Most are Tiptronic, but there are a fair number of manuals if you look hard.

There are two V6's - a MIVEC engine (variable valve timing) and a non-MIVEC engine as used in the Galant V6. The non-MIVEC engine is the most reliable. Check one of the dealers (www.japco.co.uk) or the owners club (www.ftooc.org). I regularly service one of these and I rather like them (although non-service parts are typically Mitsubishi - ie. very expensive!) - would make a nice weekend car. You want something that is reliable and easy to work on - not something that spends half its time being fixed.

Other options include the Skyline (quite a bit bigger) or the Nissan 200SX Touring (Turbo, leather trim etc.) which is also reliable and fun to drive if you prefer RWD.
Bank the money or buy a sports car? - nick
The other snag of course is that the value of the
property is pretty worthless. Should you sell up you still have
to find somewhere else to live and that will have gone
up by the same amount.
The only way to make is to eventually downsize. Most people
however, end up leaving their houses to their kids (who are
already homeowners themselves and probably better of than they were) or
having relatives and the taxman fighting over it.
I speak as a homeowner myself, but if I could step
back in time I would not be.

Why not sell now and rent? You're not forced to buy a house.

I agree now is not the time to buy, but when the market has fallen it is a great time to buy a structurally sound but scruffy house. Do it up cosmetically and move on and do it again. If you are so inclined you can be mortgage-free in not too many years. Shed loads of money to be made if you are wise. Have all the cars/bikes you like then. Spend a few grand on a fun weekend car if you like, but pick a classic which won't lose too much if any. A good Pug 205 GTi springs to mind. You can always sell it and get your money back.
Bank the money or buy a sports car? - patently
It's your money. Do whatever YOU want to do with it.

Spend it on the car and someone will point the finger if/when you can't afford the deposit on a house.

Spend it on the deposit and someone else will say you're boring, you should have got the car.

Only you can know what will be best for you.

With that in mind, when you're old and wizened, the kids will get the house but you'll have the memories.
Bank the money or buy a sports car? - Stuartli
I'm with you patently, as well as The Growler and Tom Shaw.

>>"don't waste it on a house that will lose money faster than a car..">>

You must live on a different planet to me...:-)
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What\'s for you won\'t pass you by
Bank the money or buy a sports car? - Mudguts
>>"don't waste it on a house that will lose money faster
than a car..">>
You must live on a different planet to me...:-)


...If you bought one today.
Bank the money or buy a sports car? - peterb
928 or 944?

Have a look at one of the classic car mags for other ideas.
Bank the money or buy a sports car? - blue_haddock
928 or 944?
Have a look at one of the classic car mags for
other ideas.


How about a 968 club sport? in opinion a much better car than the other two suggested and better suited to track days as it's already stripped and lightened
Bank the money or buy a sports car? - Stuartli
>>...If you bought one today.>>

The property still wouldn't, in the worse case scenario, be likely to match the extent and speed of depreciation of a motor vehicle...:-)
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What\'s for you won\'t pass you by
Bank the money or buy a sports car? - Aprilia
>>...If you bought one today.>>
The property still wouldn't, in the worse case scenario, be likely
to match the extent and speed of depreciation of a motor
vehicle...:-)
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Percentage-wise that may be true - in £££'s you can lose more on a property though. I reckon the property I bought last October has probably dropped £10k or more - enough to buy a car in fact ;-)
Bank the money or buy a sports car? - Altea Ego
Ok so the house * short term * might loose a percentage. Long term you will recover your money, and more. You wont with a car.

That really isnt the point of this thread tho. The point is Be bored now but prosperous and secure later, or live life now till the pips squeek and struggle to hit the property ladder later.

Life is made of such choices. Show me a 20 year old who is sensible with money and I will show you one who hasnt got one (a Life that is)
Bank the money or buy a sports car? - patently
There is another aspect to the question.

Timid 20 year old turns up in a 20 year old banger and wearing a tired suit, and asks for a high powered sales job. Do you give it to her/him?

Confident 20 year old turns up in a smartly turned out sports car, dressed smartly, and asks for the same job. How about this time?

Some of my clients would drop me the moment they saw the 911. Others have stuck to me like glue since they discovered it. It's not a simple trade-off, financial security vs fun.
Bank the money or buy a sports car? - P 2501
You look after a valuable asset. I bought my superbly built Victorian semi-detached in the mid-1960s for just over £2,300; it's now worth at least £190,000



But is it as well built as your volkswagens Stuartli?
Bank the money or buy a sports car? - NowWheels
Timid 20 year old turns up in a 20 year old
banger and wearing a tired suit, and asks for a high
powered sales job. Do you give it to her/him?
Confident 20 year old turns up in a smartly turned out
sports car, dressed smartly, and asks for the same job.
How about this time?


A bit apples and oranges, isn't it?

How about comparing two smartly-dressed and confident 20-year-olds, one in an old car and one in a bling sports car?
Bank the money or buy a sports car? - helicopter
I paid a lot more for my last car than I did for my first house.

Call me boring but I would take the bricks and mortar option.

I made a profit of £191,500 on my last house sale.

I have never made a profit on a car.
Bank the money or buy a sports car? - Ex-Moderator
>>I made a profit of £191,500 on my last house sale.

Are you sure ? Or did you just sell it for more than its purchase price ?
Bank the money or buy a sports car? - Altea Ego
And if you are still living in it, have you actually made any money at all?

Most of us never actually make a profit out of our primary dwelling till we --- well die
Bank the money or buy a sports car? - patently
And if you are still living in it


Or its successor.

My last house same made me a £60,000 profit in a few short years. Except that it didn't really, the paper number just went towards an equally if not more inflated price for the new house. If the market had given me a £40,000 loss on the old house, then chances are my new house would have been £200,000 less (it was a big step up..). So I would have been £100,000 better off now. How is that a profit?

You don't profit from houses unless you are a developer, or when you sell up/move down. And as RF says, you are then either (a) dead or (b) retired.

And if its (b), of course, the money from you house is just deducted from the care bills that would otherwise have been given to you.

Bank the money or buy a sports car? - helicopter
If you own one house and are selling to buy again in the same housing market it is not profit I agree.

But I had more than one property so yes it was all realisable profit, some but not all reinvested in the current helicopter abode.

The point I am trying to make to Carmad is that you will make much more in the housing market than the car market in the long term.

Bank the money or buy a sports car? - Carmad 10000
Hi,

Thanks for the feedback!

I think im going to save for a house - i know, i know - boring! But, I have since discovered that I will get the use of whatever car I want in my new job - i.e. Golf GTI, Toureg, Phaeton, Lupo GTI, Beetle turbo, etc. - all cars they run on their fleet (as you may have gathered...I have got a job with VW!).

Although, these are not out-and-out sports cars - they are all different vehicles and variety is the spice of life!

The GTI/R32 (due to be out late 05) will be sufficient for my needs I think when the 'need for speed' bites :-)

Im going to resist a sports car for at least 6 months - I may give in, but still - at least I will have saved a bit of money. I was fortunate enough to be left some money by my aunt recently, so I think I would be wise to build on that.

My dad is in the property business and has recommended me to Buy as appose to Renting as he can source me a well priced flat/house.

Whilst it may be great to buy a sports car, it will free up some funds to have more fun in other ways. Also, when im 21 the insurance comes down significantly.

It was interesting that someone mentioned about job interviews and what looks best - a banger or a sports car.

When I went for my first job interviews when entering the car industry - i went along in my sisters 1.25 fiesta. I went for 4 job interviews and was offered every position. When I went for interviews in my Cooper S (red, white roof, white 17" alloys) - i got the impression people thought I was a bit of a 'flash git' - i.e. i dont think it did me any favours! I only went for 3 interviews, got offered 2 jobs - and as I said, I think the 3rd didnt like me due to the car!



Bank the money or buy a sports car? - patently
I think the 3rd didnt like me due to the car!


:-D

Told you to ignore my advice....!

Congrats on the new job. Hope you enjoy it.
Bank the money or buy a sports car? - patently
A bit apples and oranges, isn't it?


Not necessarily.
How about comparing two smartly-dressed and confident 20-year-olds, one in an
old car and one in a bling sports car?


Because there is often a correlation. The timid 20-year old is less likely "allow" her/himself to spend the money on a bling car. The confident snazzy dresser is unlikely to be content with the banger.

Exceptions exist, of course. Do feel free to flame me with endless stories of people who are confident and smart and drive a Morris Minor. Rest assured that I'll ignore them!

The point is that the choice is not so stark. As they say, you make your own luck. Someone who frowns on the "excessive" spending on a sports car will probably value security more anyway and will therefore (and should therefore) choose the house.

Someone who wants the sports car is likely to be more entrepreneurial, more willing to take risks to get higher rewards. They might fall flat and end up bankrupt (such is risk), but the sports car might be one piece of the jigsaw that makes them sucessful.

Carmad - my advice is to ignore all advice* and make your own mind up.


---------------------------------
*Including my own :-)
Bank the money or buy a sports car? - cheddar
10 grand towards a house and 5 grand on a bike I reckon.
Bank the money or buy a sports car? - Carmad 10000
hehe well theres no way i would get a bike - a guy who used to work for my dad who was a close family friend killed himself on one a few years ago. The memory of this is very raw still and I very much doubt they would approve! - they would probably give me the money to go and buy a sports car over me getting a bike!


now theres a thought...hehe

seriously though, I wouldnt want a bike anyway - I had a 125cc scooter a few years ago which was a laugh - but you were soo exposed to the elements all the time. Also, was involved in an accident in that - luckily not serious - where i went over a car and broke all my ribs....so i dont think im meant to be on 2 wheels!

But the way i look at it is this...i can save some money..if i have a massive change of heart I can always buy a more expensive sports car :D
Bank the money or buy a sports car? - trancer
Well luckily for you, your dad doesn't know anyone who killed themself in a car or you wouldn't be considering buying a car at all, never mind a sports one.
Bank the money or buy a sports car? - Carmad 10000
yea i see your point - he does of course know people killed in cars. Infact, he was involved in a fatal accident when a car smashed into his - the 2 people that hit him were both killed. This was 20 years ago - but i think he just thinks that 4 wheels, a seat, a belt, airbags, side impact bars, abs brakes, etc.. make you less likely to kill yourself - and to be honest i agree.
Bank the money or buy a sports car? - Chuffer Dandridge
The options considered so far have been buy car (heart) or buy a house (head).

Here?s a 3rd possibility: You already have access to a range of nice cars, and opportunity to drive them, so buy a house, then use some of your spare cash to take up an adrenaline filled extreme sport.

My money would be on high performance dinghy sailing (& racing), but other options might be para-gliding, water ski-ing, karting. Lots of fun and excitement, meet other people & somewhere to drive to at the weekend.

Take a look at www.rohanveal.com/video.html if you want to see how extreme performance dinghy sailing can get.
Bank the money or buy a sports car? - Carmad 10000
Hi,

Thanks for the idea! Karting might be good. I am working p/t for my dads firm and I went to a really nice 2 bedroom flat today and it sort of made my mind up for me. The gates were electric to get in and it was a top floor flat in the centre of town. It was all brand new appliances, carpets etc. VERY tasty flat indeed...and budget wise was what I would be aiming to look at.

After seeing this today I think my mind is made up - so gonna save for 1-2 years and get a good deposit together.

Bank the money or buy a sports car? - Blue {P}
Hi Carmad, long time no speak, and if you've e-mailed me at all over recent months and I ain't replied then accept my apologies, I've been bad and went so long without checking my account that it got wiped and I had to restart it!

Congrats on the job with VW, I really hope it's better than Honda for you.

Myself I've got out of the trade altogether and I'm going back to uni in September, got my old job back and everything feels great, for the first time in ages, I feel like I'm back on track.

Patently - I would agree with you to a certain extent, I spent a while sorting out a job so that I had somewhere to jump to when I put my notice in at the garage. Anyway, during my last week I managed to nick a Sportka as me company car instead of my Fusion. It was great, I felt totally different driving it. I got out of it for my interview and felt ok about people seeing me getting out of it. It's a car that suits me down to the ground, it was funky and shiny and young looking. I just felt good. It was black and I polished it twice even though I knew I was leaving.

Contrast that to my Fusion, I hated been seen in it, it was drab, boring, and I reckon people thought I was either driving an elderly relative's car or that I was mad to have bought it. I washed it a handful of times in 6 months because it was expected, and I never polished it. The only good thing about it was that it was quite quick for such a boring car, and I suprised a few other drivers with that :-)

So yeah, what you drive can affect your attitude I reckon.

Carmad - Maybe catch up with ya on-ine soon?

Blue
Bank the money or buy a sports car? - Alan
Spend the money on flying lessons, Flying is much more fun than driving.
Bank the money or buy a sports car? - helicopter
Carmad -

Helicopters not fixed wing of course.

Good idea - but expensive keeping up your hours.

Last time I looked training in UK on an R22 was around £180 per hour and a Jet Ranger £450 per hour.

Thats why most of our helicopter pilots are ex forces.
Bank the money or buy a sports car? - chris_w
Carmad,

buy a sports car... I'm 26 and have been saving for a house for 3 years, but still don't think I'm going to take the plunge this year until house prices become more sensible (related to my earnings!), so I just blew all my deposit on a nice new convetible and am loving every minute of it. Much more fun that looking at the property pages going "can't afford that, can't afford that, can afford that but it's one up from a squat"

You can always sell the car if the perfect house comes along.

Go on, you only live once!
Bank the money or buy a sports car? - Carmad 10000
Hi guys,

again thanks for the comments :-)

I think I will just save some money up and then take it from there! Not going to rush into anything.

Blueoval - great to hear from you!

Sorry to hear it didnt work out at Ford. Sometimes you just get a feeling though that a career path isnt for you. I hope Uni goes well - what are you going to study?

Those SportKa's are really good - my sister just brought one. She went for a luxury with leather in it and the car is in a nice light blue colour like the racing puma/focus. Looks good! Im sorry, if I have been given a fusion I would have refused it and brought a car - not a good vehicle! - thats what i did with the mini - refused a company car, and brought one.

Basically, I decided to get out of Honda. The people I directly worked for were really great but they changed my pay structure and accounts have messed me around.

Cant wait to start VW though - my old boss from honda is going there too and also another sales exec so should be fun. Im looking forward to a fresh challenge.

We will have to talk on MSN shortly - i also added u to my yahoo account.



 

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