A week, maybe 3-4, in a car under £50k
Discussion
I'm about to be made redundant and have a job to go to, so I'm considering options for what I might do with the payoff. Obviously there is all the sensible choices, but let's just say I want to buy a car and enjoy it for anything from a week to a few weeks. I'd put it up for sale almost straight away. It doesn't really matter if it does take longer to sell, or if I lose a bit on it. What to buy?
An A110 is high up the list, or maybe a Cayman?
What would the PH masses opt for given the same situation? Would love to hear ideas.
An A110 is high up the list, or maybe a Cayman?
What would the PH masses opt for given the same situation? Would love to hear ideas.
Nah, would trigger the next buyer to wonder whats up with it and you will likely take a bath on the purchase price if you buy from a dealer.
Rental is a good shout, at least its a known cost as you could easily lose ten grand, the buying bit is very, very easy when holding cash, as cash is universal , has a known value and everyone wants it, not everyone wants a specific car, the value is variable and selling can be hard.
Rental is a good shout, at least its a known cost as you could easily lose ten grand, the buying bit is very, very easy when holding cash, as cash is universal , has a known value and everyone wants it, not everyone wants a specific car, the value is variable and selling can be hard.
problem with any car like that will be... it'll take quite a long time to sell, unless you buy something for £40k, then immediately sell it on at a £5k loss. Also any prospective buyer will wonder why you're selling it again so soon after buying.
but that aside... what do you want to do with the car for a week? we thinking european touring, or a sportscar to thrash around some local roads? plenty of options for that price point.
if your initial thoughts are alpine or cayman, i'd consider an R8, should get a perfectly tidy V8 for £40, might even get a v10 for £50k.
but that aside... what do you want to do with the car for a week? we thinking european touring, or a sportscar to thrash around some local roads? plenty of options for that price point.
if your initial thoughts are alpine or cayman, i'd consider an R8, should get a perfectly tidy V8 for £40, might even get a v10 for £50k.
J4CKO said:
Nah, would trigger the next buyer to wonder whats up with it and you will likely take a bath on the purchase price if you buy from a dealer.
Rental is a good shout, at least its a known cost as you could easily lose ten grand, the buying bit is very, very easy when holding cash, as cash is universal , has a known value and everyone wants it, not everyone wants a specific car, the value is variable and selling can be hard.
Trouble selling it is a good point which I hadn't considered.Rental is a good shout, at least its a known cost as you could easily lose ten grand, the buying bit is very, very easy when holding cash, as cash is universal , has a known value and everyone wants it, not everyone wants a specific car, the value is variable and selling can be hard.
braddo said:
Join a car club that has access to sports cars and supercars. Tool around in all sorts of cool stuff during the week. Weekends use up a lot more 'credit' when I was looking years ago.
Boxster for £225 per day.
See what they quote for 2 or 3 weeks and the day rate might be a lot lower.
https://prestigecarhire.co.uk/cars/view/hire-porsc...
See what they quote for 2 or 3 weeks and the day rate might be a lot lower.
https://prestigecarhire.co.uk/cars/view/hire-porsc...
braddo said:
Boxster for £225 per day.
See what they quote for 2 or 3 weeks and the day rate might be a lot lower.
https://prestigecarhire.co.uk/cars/view/hire-porsc...
That's a good shout.See what they quote for 2 or 3 weeks and the day rate might be a lot lower.
https://prestigecarhire.co.uk/cars/view/hire-porsc...
Failing that I'd go on a Palmersport full day
Dog Biscuit said:
I'd personally trouser the redundancy money, start the new job and then start thinking about blowing cash once the probationary period is over and you're happy in the new role.
Boring answer but the right one
Four months in Premium Bonds and see what the Oct. 30 Budget does to car prices?Boring answer but the right one
As mentioned above, it would be red flag to lots of people wondering why, on a significant purchase, it was straight up for sale again.
I’d also do the ‘sensible’ thing, stick the cash away in something tax free, like premium bonds, use some to have a really nice holiday with a good rental, Route 66 with a V8 convertible ?, then see if the new job lives up to expectations.
I’d also do the ‘sensible’ thing, stick the cash away in something tax free, like premium bonds, use some to have a really nice holiday with a good rental, Route 66 with a V8 convertible ?, then see if the new job lives up to expectations.
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