new polo gti? worth it?

[jnufcuk]

Been to vw with gf to look for a new car for here, test drove the 1.2 and looking to get it on finance. So shes sorted but it got me thinking 

Tax on mine= £250
insurance renewal= £1200+++

New polo gti
Insurance= £500
tax= not sure but doubt its £250

£300+ a month as i only have a small deposit to put down

Think i may got for it as in the long run it would seem a sensible idea then could always pay for it after 3 years or get another one in 3 years time 

just means no modding 

I know Hurdy has one and his is a beast but i wouldnt be able to do that 

[Toby]

are you 21?

[murraymint]

Been to vw with gf to look for a new car for here, test drove the 1.2 and looking to get it on finance. So shes sorted but it got me thinking 

Tax on mine= £250
insurance renewal= £1200+++

New polo gti
Insurance= £500
tax= not sure but doubt its £250

£300+ a month as i only have a small deposit to put down

Think i may got for it as in the long run it would seem a sensible idea then could always pay for it after 3 years or get another one in 3 years time 

just means no modding 

I know Hurdy has one and his is a beast but i wouldnt be able to do that 

This is what majorly puts me off buying a new car on finance, o and also the finance   .

[jnufcuk]

are you 21?

22 mate, got a baby face 

[dom]

Been to vw with gf to look for a new car for here, test drove the 1.2 and looking to get it on finance. So shes sorted but it got me thinking 

Tax on mine= £250
insurance renewal= £1200+++

New polo gti
Insurance= £500
tax= not sure but doubt its £250

£300+ a month as i only have a small deposit to put down

Think i may got for it as in the long run it would seem a sensible idea then could always pay for it after 3 years or get another one in 3 years time 

just means no modding 

I know Hurdy has one and his is a beast but i wouldnt be able to do that 

£300 a month is a lot to have going out if your not used to it going out. Do you live at home? Rent with g/f?

Finance is never a good idea, I've done it once before....never again!

[jnufcuk]

Live at home with mum and dad. Been working it out and not going to be much worse off by the time u add up the mods I want to do the mk4 so may aswell have a brand new car with automatic box. Less tax and almost 3 times as less in insurance 

[Jimble]

How long are you planning on finance? If it's 3 years with a small deposit you will be looking at a lot more than £300 even at a good rate, if your thinking 5 then work out how much extra you'll have to pay in interst cos most of the time it's not worth it.
If you have it over 5 and change after 3 then you'll get less as you'll still owe loads on the loan, my advice would be get a cheaper new car, keep it for a couple of years then trade up or keep saving.

[jnufcuk]

It's over 3 years with 2k deposit it's like 340 a month.

[Jimble]

It's not a brand new one your looking at then? You'll be looking at quite a high mileage for it's age for that kind of money imo.

[scarr89]

I see where you are coming from. If you have done the maths and it works out then that would be the 'sensible' thing to do I guess. I personally hate the idea of 'leasing' a car from someone and not owning it out right. Perhaps you would be better off taking out a loan which is of a similar sort of money you'd spend on the finance and buying a slightly older car?