What car to get?

[Quantum Theory]

Wait wait Tsume is chillin in his Mercedes, so let me hijack this thread and give it a purpose!!

Soooo if Peter Leeter didn't want to spend a huge amount of money (let's sayyyy below R220000), and wanted a low mileage (<70000km) car with decent performance (not a drag racer, but also not second gear up a hill - so probably just some good low-down torque and around 10s to 100km/h?) what will be good options?

GO

You can get a lot of car for that money. Just over your budget...

VOLKSWAGEN PASSAT 1.8TSI Comfortline auto for R 229000 for sale | Auto Trader.
http://www.autotrader.co.za/used-ca...n-passat-fpa-0afdea332bb242c0a932d2fd6ce72f63

 

[SauRoNZA]

Okay fine

No mention of a space constraint so these

I see someone is still in denial about the French...

 

[boeriebuffet]

Wait wait Tsume is chillin in his Mercedes, so let me hijack this thread and give it a purpose!!

Soooo if Peter Leeter didn't want to spend a huge amount of money (let's sayyyy below R220000), and wanted a low mileage (<70000km) car with decent performance (not a drag racer, but also not second gear up a hill - so probably just some good low-down torque and around 10s to 100km/h?) what will be good options?

GO

Okay maybe this was too easy, since you can almost get an Fiesta ST in this range... let's decrease the budget to 190000 to really get the juices flowing and make it more middle class relevant (not everyone has the big bucks)!

 

[tsume]

So tsume, how about a driving impression of your new car? What do you like about it, and what could be better? At least that'd bring this on-topic again.

It's beautiful, its a Mercedes and my dream vehicle. Though I will admit, my driving position still needs to be changed cause of the bucket seats. there is a slight issue with the panoramic sunroof curtain making noise, and I did ask the dealership to have this fix before taking the car. Seems this was not attended to, so we are in the process of having this resolved.

 

[The_Traveller]

It's beautiful, its a Mercedes and my dream vehicle. Though I will admit, my driving position still needs to be changed cause of the bucket seats. there is a slight issue with the panoramic sunroof curtain making noise, and I did ask the dealership to have this fix before taking the car. Seems this was not attended to, so we are in the process of having this resolved.

The perks of buying a second hand car ... Good luck buddy

 

[SauRoNZA]

The perks of buying a second hand car ... Good luck buddy

Same **** happens with brand new ones.

 

[Colin62]

The perks of buying a second hand car ... Good luck buddy

Same **** happens with brand new ones.

In fact, one advantage of buying second hand is that you test drive the actual car you're going to buy, not a demo model.

 

[SauRoNZA]

In fact, one advantage of buying second hand is that you test drive the actual car you're going to buy, not a demo model.

Very true.

 

[falcon786]

Because cars are super cheap and public transport is readily available? Oh wait none of those are true and he probably needs to get to work to earn money.
Even a cheap car in SA brand new is a R100k.

So you can't save up money and buy a reasonably priced comfortable car that's reliable? That's a lousy excuse and you know it,OP wanted to be flashy and punch above his weight.I see it daily,people that earn much less than me battling to pay of high costs on things they can't really actually afford.

And it's not about what percentage of your salary it is either,even if it's 1 percent of your salary,go and calculate what you are actually paying for that car after 5 years in TOTAL including interest and then ask yourself if you're being thick in the head to buy on credit when you can buy cash for way way cheaper.

Wait wait Tsume is chillin in his Mercedes, so let me hijack this thread and give it a purpose!!

Soooo if Peter Leeter didn't want to spend a huge amount of money (let's sayyyy below R220000), and wanted a low mileage (<70000km) car with decent performance (not a drag racer, but also not second gear up a hill - so probably just some good low-down torque and around 10s to 100km/h?) what will be good options?

GO

Okay maybe this was too easy, since you can almost get an Fiesta ST in this range... let's decrease the budget to 190000 to really get the juices flowing and make it more middle class relevant (not everyone has the big bucks)!

Lots too choose from there,2010 BMW 320d automatic/manual(stay away from 320i pre f30 as they were crap engines),Audi A4's 2.0t or tdi.Heck you might even get lucky and get a c-class c200/c220cdi in that price range with that mileage.

 

[Colin62]

OP wanted to be flashy...

So what? Who gives you the right to tell him what to do with his money?

...and punch above his weight.

And you know this for a fact how?

 

[Mike Hoxbig]

So you can't save up money and buy a reasonably priced comfortable car that's reliable? That's a lousy excuse and you know it,OP wanted to be flashy and punch above his weight.I see it daily,people that earn much less than me battling to pay of high costs on things they can't really actually afford.

And it's not about what percentage of your salary it is either,even if it's 1 percent of your salary,go and calculate what you are actually paying for that car after 5 years in TOTAL including interest and then ask yourself if you're being thick in the head to buy on credit when you can buy cash for way way cheaper.

WTH, does anyone tell you how to use your money? Does anyone tell you that that overseas trip or fancy party for your kid or a wedding is a waste of money?

Credit is just fine if you can make it work for you - it frees up some much needed cashflow. Also I'm not sure how you came to the conclusion that he's punching above his weight?

 

[SauRoNZA]

Because in his mind a Tazz is equivalent to a Mercedes because it was cash.

 

[falcon786]

So what? Who gives you the right to tell him what to do with his money?

Please show me where I told him what to do with his money?He asked for suggestions and I gave him some earlier in the thread.I have no problem with him personally buying the car just mentioning why we're in recession,and believe me we are in recession bookmark this post and get back to me in a few months time when it's a officially mentioned.People "in general" are buying more than they can actually afford.

And you know this for a fact how?

It's 21% of his salary.Anyway the point is simple really why splash out via credit instead of buying cash.He can't afford it cash ,had to use the banks money to buy it.

WTH, does anyone tell you how to use your money? Does anyone tell you that that overseas trip or fancy party for your kid or a wedding is a waste of money?

Credit is just fine if you can make it work for you - it frees up some much needed cashflow. Also I'm not sure how you came to the conclusion that he's punching above his weight?

Well if you're buying the overseas trip or fancy party cash then why should anybody tell you not to,it's YOUR money you earned it,use it how you please.

But this defending of credit as our saviour just shows how far the rabbit hole we've gone,look if credit is essential then go ahead and use it,but when it's not then rather not is all I'm saying.If you have to buy your first reliable car to get to work sure makes perfect sense.On luxury purchases credit doesn't make much sense.

Imagine the society we live in where if you encourage people to buy cash and be responsible with money you're attacked as if you're fleecing the guy out of his hard earned cash!:erm:

Consumerism at it's best,gotta love it!

Because in his mind a Tazz is equivalent to a Mercedes because it was cash.

Not at all I love my cars and I hate Tazz's.The point is drive what you can afford rather than drive what somebody else paid for and then pay them back significantly extra just because the option is available.

 

[SauRoNZA]

Not at all I love my cars and I hate Tazz's.The point is drive what you can afford rather than drive what somebody else paid for and then pay them back significantly extra just because the option is available.

Thing is the extra isn't always that significant compared to the features/value offered by buying the newer or better car.

I'm also a cash is king kind of guy, but the reality is that the type of cars you can buy cash are generally not great options.

And if they are then people would argue it's a bad investment to throw money at a paying a car off in a lump sum rather than genuinely investing it.

I do a agree with you that people over extend themselves. I don't agree that everyone should pay cash for cars.

You simply get less for your money like that.

Not to mention that the slight premium you pay in interest, assuming the same car cost ultimately, means you get to drive it NOW and use it for the next five year LS.

Cash buyer would need to drive something else that also depreciates for those years while saving.

 

[falcon786]

Thing is the extra isn't always that significant compared to the features/value offered by buying the newer or better car.

I'm also a cash is king kind of guy, but the reality is that the type of cars you can buy cash are generally not great options.

And if they are then people would argue it's a bad investment to throw money at a paying a car off in a lump sum rather than genuinely investing it.

I do a agree with you that people over extend themselves. I don't agree that everyone should pay cash for cars.

You simply get less for your money like that.

Not to mention that the slight premium you pay in interest, assuming the same car cost ultimately, means you get to drive it NOW and use it for the next five year LS.

Cash buyer would need to drive something else that also depreciates for those years while saving.

Thing is people like to keep up with the Joneses.If you drive a normal R80k corolla/Polo which will hardly depreciate if at all until you can afford a R400k Merc/BMW then what's wrong with that?

Don't get me wrong,I was probably a bit quick/harsh/crude in judging the OP's situation without all the facts at hand and he can correct me if I was wrong,but I've seen this trend amongst South Africans especially those whose families have just recently started getting to middle class levels from previous low income roots and it's a worrying trend.

I do a agree with you that people over extend themselves. I don't agree that everyone should pay cash for cars.

Exactly so we agree.I know there are some people who actually need to buy on credit and I won't tell them not to.

 

[JackWhite]

It's 21% of his salary.Anyway the point is simple really why splash out via credit instead of buying cash.He can't afford it cash ,had to use the banks money to buy it.

Phew 21% is massive. People often make this mistake however each persons personal expenses vary.

 

[SauRoNZA]

Thing is people like to keep up with the Joneses.If you drive a normal R80k corolla/Polo which will hardly depreciate if at all until you can afford a R400k Merc/BMW then what's wrong with that?

Don't get me wrong,I was probably a bit quick/harsh/crude in judging the OP's situation without all the facts at hand and he can correct me if I was wrong,but I've seen this trend amongst South Africans especially those whose families have just recently started getting to middle class levels from previous low income roots and it's a worrying trend.





Exactly so we agree.I know there are some people who actually need to buy on credit and I won't tell them not to.

To me regular vehicle finance is generally not a problem at all.

It's when they need residuals to make it "affordable" that you know they can't afford it.

That being said I've never paid a single vehicle finance agreement in the full term.

Pretty much 2-3 years max, negating the interest somewhat.

 

[Mike Hoxbig]

To me regular vehicle finance is generally not a problem at all.

It's when they need residuals to make it "affordable" that you know they can't afford it.

Would agree with this.

It's all about being able to manage your finances. Instead of dumping for example R200k cash on a car, there's nothing wrong with financing it with a R50k deposit and using R150k as a down payment on a property. And I'm sure that most would agree that property is generally a good investment.

The thing is it's hard to understand each persons financial circumstances and what their monthly expenses are, so it's not fair to paint everyone with the same brush...

 

[Colin62]

It's 21% of his salary.Anyway the point is simple really why splash out via credit instead of buying cash.He can't afford it cash ,had to use the banks money to buy it.

Phew 21% is massive. People often make this mistake however each persons personal expenses vary.

Is it? It's actually highly dependent on his lifestyle. If he's single and has no serious responsibilities, and can afford that out of his salary and can still pay his rent and groceries, then it's not massive. If he's got a stay at home wife and three kids at private schools that he's funding then it probably is. But we don't actually know that.

 

[Azbubu]

Is it? It's actually highly dependent on his lifestyle. If he's single and has no serious responsibilities, and can afford that out of his salary and can still pay his rent and groceries, then it's not massive. If he's got a stay at home wife and three kids at private schools that he's funding then it probably is. But we don't actually know that.

From what I know, Tsume is a blesser. 21% on his vehicle and 15% on each of his blessees' vehicles.