GolfGTIforum.co.uk
Model specific boards => Golf mk5 => Topic started by: Jkctr on 15 October 2008, 09:54
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I am about to renew my insurance and it is basically way too high for the car (£2200 if i want to pay monthly is the best quote!!)
I have run a quote on an ED30 and it comes up at £1100 (not bad for 22yrs old and 0 no claims due to some scum stealing my headunit!)
So my dillema is this:
I can afford to get the ED30 as i bought mine outright and so after selling it and splitting mods should be left with around £11k. This means a fair bit of money to put down on the car and then pay it off monthly. My worry is though im moving to london (finsbury park) and the rent is £920 inc council tax (so £460 as im going with my girlfriend) I will also be looking for a job so wont have one for a short while.
Now i can obviously afford it now, i may struggle down the line (but im clever and should do well lol) im also worried as if i pay for the insurance for this can i just swap it over, they lower it for the car and i dont lose out? I want to start rebuilding my NCB ASAP!
I know the majority of you will just say ''go for it'' and i am tempted but some things seem to good to be true and im worried i may be blinded by something i should consider due to the fact i really want it!
I also would quite like the MK6 although i think the market should have started to equal out and so the price will put on with a similar engine to the ED30 quite high!
Hopefully some of you can offer me some level sided advise, i apreciate its a golf forum so you want me to get it but im worried theres something i cant see!
Thanks :smiley:
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I would sell the CTR and get a cheap run around until you have settled down in London and then see how you get on.
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If i was going to sell it i would just go without a car for a while, due to the tubes being so close (2 mins from the victoria line)
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which company have you been quoted by?
i am just 25 with 6 points and modded ed30 with chip and tb exhaust, greenlight insurance quoted my £597, compared with 1200 for direct line and £1100 for esure, as for this sites preferred insurers adrian flux etc they are an absolute joke wanted £2500.
shop around mate, by that i dont mean money super market :sick:
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personally i wouldnt buy one yet, id wait and get settled in london, get rid of the ctr and see where your at in 6 months time, advise from another 22 yo :smiley:
edit: oh, and give privilage a go on their web site. you may be very supprised :nerd:
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personally i wouldnt buy one yet, id wait and get settled in london, get rid of the ctr and see where your at in 6 months time, advise from another 22 yo :smiley:
very sensible advice
no point tying up money in a car which willl only lose money
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just bought the insurance for my newly acquired Pirelli!
I'm 22, and I too don't have any no claims coz I have not had my own policy until now.
I went with Bell, its £1247 for the year (12 months, not the 10 months bonus accelerator thing). I wasn't getting much better tbh and some places wouldn't touch me until I had 1 years NCB. I paid that in one fell swoop though!
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you got it yet?? :smiley:
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Being 22 and owning a GTi is the way forward.......................!!
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personally i wouldnt buy one yet, id wait and get settled in london, get rid of the ctr and see where your at in 6 months time, advise from another 22 yo :smiley:
edit: oh, and give privilage a go on their web site. you may be very supprised :nerd:
That is good advise but i want to build my NCB, i also dont see the point in buying a cheap run-a-round as it will cost me to buy it, insure it and run it also things are more likely to go wrong. So it will cost me to do this, which means i might aswell keep mine, sell the mods and put it up for sale while hopefully sourcing a car.
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Being 22 and owning a GTi is the way forward.......................!!
Make the most of it! an dont do something stupid like me an buy a house...... theyre not as fun as fast cars...
jkctr my friend, if your going to Finsbury, Honestly fella, you do not need a car, Tubes buses an taxis aplenty and cars get battered in london ....id be well upset if i bought a nice ed30 only to find a different mark on it every week. Buy a runner, just to travel home every now an then or whatever, an bank the money, you'll need it.
An what Job you planning to do in London?
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21 and GTI FTW ;)
Im paying £1700 tho. That is also with 0NCB and a sh!tE postcode. Thats with Elephant by the way.
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Being 22 and owning a GTi is the way forward.......................!!
Make the most of it! an dont do something stupid like me an buy a house...... theyre not as fun as fast cars...
jkctr my friend, if your going to Finsbury, Honestly fella, you do not need a car, Tubes buses an taxis aplenty and cars get battered in london ....id be well upset if i bought a nice ed30 only to find a different mark on it every week. Buy a runner, just to travel home every now an then or whatever, an bank the money, you'll need it.
An what Job you planning to do in London?
I know what you mean mate, i appreciate the comment, but i want a car for more than just the aspect of travel! I love cars, i would sell all my clothes, PS3, xbox, tv etc etc before i could part with my car! Its where i go to chill out, enjoy my music and enjoy the car. I also love modifying, its a hobby. Also im a very keen detailer and get great pride from having a very clean car.
My girlfriend is the first to get annoyed when i spend money on a car but even she has said to just get it if i want it :laugh:
It will be great to have it if i get this flat (off road parking with an electric gate being fitted!!) so it wouldnt really get marked and i wouldnt use it for work (so lower insurance as its just for social) also the miles stay down and i get to have a car that, at 22, i shouldnt realy have.
As for jobs, i have managerial experience in retail and also know David Potts:
Tesco Board of Directors
David Potts, Retail and Logistics Director (46)
Worked in Ireland 1997 – 2000 before returning to take up current position
Salary: £531,000 (£1.661m)
So a handy person to know :wink:
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21 and GTI FTW ;)
indeed :smiley:
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Just out of interest what are you paying Newey and how many NCB?
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i moved to london when was 22 with my gf, been here 3 years now i work in sales and its long hours but after a couple of years i managed to upgrade my mini to a lovely ed30 so cant complain, i dont use it to go to work as trains and buses are adequate but not a nice experience, as soon as I get my promotion which comes with a parking space I know what i am gonna be doing, I dont really agree with some saying a car is not necessary as after working a long week and travelling with soap dodgers on public transport you just want to jump in your car on saturday morning and get the hell out of their, also handy for going to shops and gym etc.
so do it and speak to greenlight!
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I dont really agree with some saying a car is not necessary as after working a long week and travelling with soap dodgers on public transport you just want to jump in your car on saturday morning and get the hell out of their, also handy for going to shops and gym etc.
Yeah, my car is my escape!
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Being 22 and owning a GTi is the way forward.......................!!
+1 :grin: :grin:
Definately. Just need to get mine back now :angry:
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Being 22 and owning a GTi is the way forward.......................!!
+1 :grin: :grin:
Definately. Just need to get mine back now :angry:
+2 :cool: :cool:
i was once the youngest :cry:
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Me and Newey share that right now :D
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you got it yet?? :smiley:
indeed I have! :smiley: Its sitting on the drive looking amazing!
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you posted any pics?? :smiley:
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Get some pics up !
By the way Im up in Loughbough in a few weeks time (weekend of November 15-16) ! GTI Crusisssseing!?
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Just out of interest what are you paying Newey and how many NCB?
im paying £1200 fully comp with 4 years no claims with a decent postcode
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Me and Newey share that right now :D
Afraid not guys im only 20! :wink:
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Me and Newey share that right now :D
Afraid not guys im only 20! :wink:
oh yea, forgot you were 20, thought you were 21 aswell :lipsrsealed:
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Me and Newey share that right now :D
Afraid not guys im only 20! :wink:
Must have a nice job!!! (or the pleasure of living at home; i miss it lol)
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Me and Newey share that right now :D
Afraid not guys im only 20! :wink:
Must have a nice job!!! (or the pleasure of living at home; i miss it lol)
that would be the one :grin:
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:grin:
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That's the one guys :laugh: :grin:
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cant beat living at home, especially when you have a 6 bedroom house to your self for 6 weeks of every 2 months :grin: :grin: i live with my Dad and he lives away :evil:
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golftiforum party at joes :laugh: :laugh: :laugh:
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cant beat living at home, especially when you have a 6 bedroom house to your self for 6 weeks of every 2 months :grin: :grin: i live with my Dad and he lives away :evil:
golftiforum party at joes :laugh: :laugh: :laugh:
Please move this so the whole forum can join in. :laugh: :laugh: :laugh:
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cant beat living at home, especially when you have a 6 bedroom house to your self for 6 weeks of every 2 months :grin: :grin: i live with my Dad and he lives away :evil:
Very similar here Joe, my parents live in Portugal for 2 months and then come back here for two months and so on!!! :laugh: :grin: Can't beat it!!! :laugh:
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I haven't posted any pics yet, will do in a couple of days when I get 1 or 2 things sorted and I can take some respectable photos! :smiley:
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I haven't posted any pics yet, will do in a couple of days when I get 1 or 2 things sorted and I can take some respectable photos! :smiley:
Yeah please do, I think you will be the first to post pics of the Pirelli! Saw my first one on the road the other day, 3dr in black, looked really nice!! Really old women driving it though :shocked: Also saw a Passat R36 today which are very rare, that looked :cool:
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Well speaking as a fellow CTR owner here is my advice...
Keep the CTR (shock). Wait until you settle in London and have a job etc before deciding what to do. I live and work in London, so my position is fairly similar. My car only gets used at weekends and occasional evenings, so its a toy rather than a method of transport most of the time. As a toy I would rather have the CTR than the ED30, don't get me wrong the Golf is much better all round car, but on a spirited drive I think the CTR would be more fun. If you will be using the Golf to commute then it would be different.
The CTR may cost more to insure (although i'm sure you can get that quote down, try Chris Knot), but the depreciation on the Ed30 would be more than the CTR, so running costs would be very similar.
But wait until you have a full idea of the costs of living in london for a few months before you get tied into a new car purchase. You would not want to get the Ed30 then realise that your costs of living were greater than expected.
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Trust me i cant (chris knot was £2500!)
My living expenses will be halved and i am confident i will be able to afford to live and run the car (i only need to get a minimum of £15k to be able to afford my half and the car and have money left to save i have worked out)
The CTR is great for a spirited drive but i have had it a while and it just doesnt feel fast anymore, i also dont want to mod it too much (i.e. fast road set up) to get the best from the handling. Its becoming too expensive. The GTI has been shown to return very good mpg and also depreciation means little to me, with the current market and the fact there are less ED30 than others i dont expect it to drop much more (look at the mk4 anni, there alot more than the standard gti) The MK6 will undoubtedly drop the value but i plan to keep the car for a while (will try as long as possible to hold of the revo)
The money i will save in insurance makes it a better investment to go for the golf as will also free up the money in the civic. That way i have money if i need it and if worse comes to worse i sell the golf!
Im confident i have worked my finances out, it is just the time frame in which it will take a while to sell the car and mods and i will have to insure for at least a month or two which is £220 a month!! Which sucks!
The golf would cost me around £450 a month (finance and insurance est) so with rent at £460 that makes the equivalent of what i would be paying in rent if moved up on my own. So my outgoings will be around £1000 a month inc bills (£1100 tops with phone bill; my only other direct debit) So that works out as £13100 a year. I have £3k currently saved and will free up £11k, then a job on top should mean i will be comfortable and able to enjoy things and save.
I am optimistic about getting a good job as i have had other previous good jobs , so should be on at least £20k starting in what ever i go for and will work my balls off to get more!
I like the ctr, im just abit bored now! The ed30 is a step up for me and a positive step forward for me in my life as something to work hard to keep!
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golftiforum party at joes :laugh: :laugh: :laugh:
most weekends :laugh:
yea after krispy krems meet, forum cruise to heysham and party and beers at mine :grin: :grin: :laugh:
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golftiforum party at joes :laugh: :laugh: :laugh:
most weekends :laugh:
yea after krispy krems meet, forum cruise to heysham and party and beers at mine :grin: :grin: :laugh:
Thats the best idea I have heard so far! :laugh: :grin:
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PirelliP WE NEED PICS!!!! :wink: :grin:
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just bought the insurance for my newly acquired Pirelli!
I'm 22, and I too don't have any no claims coz I have not had my own policy until now.
I went with Bell, its £1247 for the year (12 months, not the 10 months bonus accelerator thing). I wasn't getting much better tbh and some places wouldn't touch me until I had 1 years NCB. I paid that in one fell swoop though!
Thats seem real reasonable. Im also 22 and went on my dads insurance and its was a snip under £1100. Didnt even consider getting my own insurance built up as I thought it would be too expensive. VW Insurance quoted me £10,500 for the year :shocked:
If I had my own insurance I would have had to pay for it..so having my dad on the insurance and letting him borrow it every now and then he paid for it :smiley:
I let him drive it everyday, well reverse it out the drive and park it up so he can get his car out :grin:
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I found out the hard way on my MK4 that having a parent as the named driver doesnt work. I paid cheaper insurance on the MK4 but am paying for it now on the MK5 as im starting with 0NCB. We all have to start somewhere, my advice is to just get it over and done with and bite the bullet and get on your own policy. Your going to have to do it sooner or later and no matter how old you are its going to cost a fair bit to insure a group 17+ car with 0NCB (not to mention being 21 aswell :().
Worth every penny imo :D
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If you do get insurance in your own name add your dad as a named driver to your policy.
It works wonders.
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Think I will start it as soon as this years insurance is up..he said I have to pay next year so I may aswel get my NCB started.
Does it matter if im the first driver and not the registered keeper?
Originally I was the registered keeper but heard the insurance can kick up a fuss if im not the first driver so changed it into my dads name.
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Think I will start it as soon as this years insurance is up..he said I have to pay next year so I may aswel get my NCB started.
Does it matter if im the first driver and not the registered keeper?
Originally I was the registered keeper but heard the insurance can kick up a fuss if im not the first driver so changed it into my dads name.
It just limits the number of policies available to you. :smiley:
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If you do get insurance in your own name add your dad as a named driver to your policy.
It works wonders.
Yep, got dad and the old dear on mine. You dont want to know how much they wanted with JUST me on the policy :shocked:
Does it matter if im the first driver and not the registered keeper?
I would suggest you change it over to your name, would look a bit odd otherwise. Just my opinion tho.