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Old 25-03-2018, 05:17 PM   #1
RDB85
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Should I change my car - Advice Needed

So for a while now I have been trying to sell, my Mini, I have spent a lot of money on a clutch, suspension parts and wear and tear items, servicing etc. Now its never let me down once, it's getting on a little with 93k on a 06 plate, but never the less its never let me down.

Now I have been considering buying something new, more for practicality, cheaper on road tax and possibly fuel, which I get about 30 mpg around town, so it's not bad I suppose. But it has with any older car started to have some issue, suspension bushes, control arms need replacing, the parts are cheap, but the labour is the killer, now my thinking is because the car is worth around £2-3k its not worth me spending around £600 to get these issues fixed, and would be better putting it towards another car perhaps. Now I have been saving when I started my new job this year. So I was thinking:

I could get a bank loan of £7500 - 3.4% APR or perhaps save up for the year and get something around £3-4k. The loan I could pay off at around £200ish a month for 2 years, but its a depreciating asset, it hopefully won't lose that much money, I know after 2 years having my Mini prices for it is basically what I paid for it, but I know as a Part Ex its about £1500. So I am not sure what to do really, I would like some advice.

Requirements
  • Holds its value
  • Decent on Fuel
  • Cheap to Tax
  • Small to Medium size
  • Decent amount of kit
  • Petrol as I do about 5k a year

Last edited by RDB85; 26-03-2018 at 12:46 AM.
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Old 25-03-2018, 05:39 PM   #2
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Help buying a car to replace my Mini

https://rover.ebay.com/rover/0/0/0?m...2F222812788651

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Last edited by LeeH; 25-03-2018 at 05:41 PM. Reason: Linked a Henry vacuum bag...
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Old 25-03-2018, 07:22 PM   #3
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Seat Leon FR. Make sure you get the tech pack and you get loads of toys. Should be able to get the 1.4 petrol for your budget.
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Old 25-03-2018, 09:29 PM   #4
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It sounds like you need another Mini.

If not try a Fiesta Zetec S or if you don't mind going a little older try a Clio RS200
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Old 25-03-2018, 10:39 PM   #5
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Quote:
Originally Posted by SteveTDCi View Post
It sounds like you need another Mini.

If not try a Fiesta Zetec S or if you don't mind going a little older try a Clio RS200
I don't think I would get another Mini, they are great cars, but I think its always worth trying different makes and models of cars. I am not a fan of French Cars really, the Fiesta is nice, but a bit common and depreciate heavily.
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Old 26-03-2018, 08:36 PM   #6
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Everything depreciates, but if you sink £7500 into a Fiesta then its still going to be worth £4500 in 3 years, now sink 20k into a Golf and it will be worth 10k in 3 years, i know what seems like the smaller loss to me.
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Old 27-03-2018, 01:37 PM   #7
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Quote:
Originally Posted by SteveTDCi View Post
Everything depreciates, but if you sink £7500 into a Fiesta then its still going to be worth £4500 in 3 years, now sink 20k into a Golf and it will be worth 10k in 3 years, i know what seems like the smaller loss to me.
That is true, and I do see your point, but I always look at quality, its why I chose the Mini over any other small hatch, one was the amount I had to spend at the time. Yes they are smaller and the boot space is well hardly a boot, but it had the quality feel and are great to drive. If I did get another I would get a JCW one from 2013 onwards, as the 09 model has a lot of issues with the engine.

A car that does appeal to me is the Lexus IS250. It is a great spec, and very reliable.

Last edited by RDB85; 27-03-2018 at 01:51 PM.
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Old 27-03-2018, 01:51 PM   #8
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you wouldn't lose much on an EP3, FN2 there are stacks about. Don't get to hung up on interior quality, some cars make up for it with being fun to drive, besides those with the better interiors usually fail their mot's. I wouldn't buy a 3 year old VAG group car unless it had cast iron proof it had been maintained
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Old 27-03-2018, 03:05 PM   #9
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At 5k miles per year it might be just cheaper to keep shelling out £3-500 a year on the Mini. It's only going to depreciate £2-300 per year going forward too.

Not exactl exciting but a Honda Jazz does pretty well on the depreciation front, and whilst parts won't be as cheap as the Mini you probably won;t need too many.
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Old 27-03-2018, 03:29 PM   #10
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Quote:
Originally Posted by SteveTDCi View Post
Everything depreciates, but if you sink £7500 into a Fiesta then its still going to be worth £4500 in 3 years, now sink 20k into a Golf and it will be worth 10k in 3 years, i know what seems like the smaller loss to me.

I’m sorry, I don’t understand how that comparison is relevant to the OP.

Wouldn’t it be more relevant to compare the golf and fiesta at the same purchase price? Or a fiesta at 20K and a fiesta at 7.5K?


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