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Home > General > Valuations - WBAC vs What Car? |
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MartynB Member Since: 08 Aug 2011 Location: Currently Rootless ! Posts: 1777 |
think hard about what you have said there Doc, because the biggest component of running any car is depreciation, and you are in the lucky position of already having taken that and you nearly own a lovely car, and when you are only doing 9K a year, thats about 250 gallons of fuel max , so if diesel went up £2 a gallon your costs rise only £500, you would lose that the first time you turn the ignition key on a new Fiesta 2009 GS Auto Zermatt Silver - Sold June 21 after 10 years of ownership 2016 Subaru Outback SE 2.0 diesel SE Premium Lineartronic Sold 2024 after 8 years and 80k miles . Best Car I ever owned ! 2023 Toyota Hilux invincible X 2.8 Auto . |
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8th Apr 2012 8:34 pm |
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The Doctor Member Since: 09 Jul 2010 Location: Gallifrey Posts: 4615 |
My thinking Martyn (worst case if I did the LPC course at £8k) would be to settle the finance with a loan. Then let's just say the car was sold privately for £14k, I would use £8k of that to foot the Uni bill and £6k to buy an economical run around (a golf perhaps).
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8th Apr 2012 10:25 pm |
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Missing Link Member Since: 25 Aug 2010 Location: Essex Posts: 138 |
Don't know your individual circumstances but it is never worth taking a personal loan which ultimately pays off a student loan due to the interest rates differential. My son gets more interest on his savings than he pays on his loan so it is staying where it is.
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9th Apr 2012 10:10 am |
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