Re: Resprayed?

<petermcmillan_uk@xxxxxxxxx> wrote:

> > If you don't want to be living at home in a few years, then you
> > definitely don't want something that'll cost you £15k now and be worth
> > £2k when you want to buy a house.....
>
> Hmm... interesting, I thought I'd need more!

Generally you'd need 5%. That's probably 10% for something half decent.
>
> > Thinking about it, if you have enough money to buy a new Mini with cash,
> > then you have enough to go and get yourself a house now.
> >
> > Believe me, if you spend that money now, you'll be kicking yourself when
> > you realise that it could have saved you £100 / month on your mortgage
> > when you take one out.
>
> If I don't I'll be kicking myself because I won't have a car when I get
> my house. Anyway, I've been thinking etc., and I think I'll probably
> go for something cheaper. The Panda looks like fun. The boot on the
> Aygo is too small, much smaller than the boot on my Seicento. My
> Seicento seems to be supprisingly practical actually. I transported
> some machines at work a while ago, when the person saw the boxes they
> said 'you must have a big car', they then walked out and saw the car
> lol.

Oh, ffs! Have you seen what you can get for a grand these days? - hell
push the boat out and for £2k you can have your pick of some very tasty
kit from the last 10 years.

> > In addition to that, have you started a pension yet? - I know this may
> > sound boring and responsible to you, but if you put the equivalent of
> > the car depreciation away in a pension fund now, you'll be thankful you
> > did when you feel like retiring at 55.
>
> No, I enjoy work, I can't see myself retiring at 55! Yeah, yeah, I
> know... I'll change my mind. I want to sort out a house before
> pension, and I'm not keen on pension schemes. I'll need to look into
> the possibilities for financing my retirement.

I've been working for just 15 years, and if someone said I could retire
tomorrow on the same money as I earn at the moment, I'd bite their hand
off.

All this stuff has to be planned and sorted before you go splashing out
all your cash on a depreciating hulk of metal.
--
Steve H 'You're not a real petrolhead unless you've owned an Alfa Romeo'
http://www.italiancar.co.uk - Honda VFR800 - MZ ETZ300 - Alfa 75 TSpark
Alfa 156 2.0 TSpark Lusso - Passat 1.8 Turbo SE - COSOC KOTL
BoTAFOT #87 - BoTAFOF #18 - MRO # - UKRMSBC #7 - Apostle #2 - YTC #
.

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