Hi all,
could use some car advice. I’ll caveat this with, I’ve never taken anything out on lease or purchase.
we have as a household 2 cars owned outright. One 7 seater that I think we could see for c£13/£14k and one hatch back we could see for c£7/8k (but the car is getting a bit old now so could really be replaced and I’ve been wanting to for a while)
my company now has a new electric vehicle scheme, and they’ve got my 7 seater available for £500 a month, including charging point, insurance, energy credits, road tax and services rolled in. Should I do it? We spend about £100 a month in fuel per car and insurance annually is about £800. It would get deducted from my salary and my husband would set up a standing order for half.
it would take our household income to c £6k a month inc child benefit (which we save for the kids)
we’d then sell the hatch back and get another run around car, for c£11k and then invest the rest.
we’d need to tighten our belt on a few things like eating out and tbh frittering money away but we typically save around £1k a month, so reckon we’d still be able to save £800 a month. Plus then £8k going straight into the bank. Thoughts?