Help me feel better about not buying the lovely new SUV that will cost me £620 per month including finance, insurance and road tax?

[sadaboutcar26]

Nissan

My credit is poor

I currently own an 19 Nissan micra

I want so badly to drive an suv, and signed up to the contract

I know what I SHOULD do but I want this car

😭

At that interest rate you’d be no worse off buying the bloody thing on a credit card. That’s utterly extortionate, and as another poster has said is the equivalent of them telling you to fuck off.

Cancel this contract. You do not need an SUV nor do you need to keep up with the proverbial Jones’s.

Or you could not make any expensive purchases at all, live within your means, save as much as you can and start to get in a better financial situation.

And the minute you drive off the forecourt in a brand new car its value drops. You forgot to factor in depreciation into your costs. You might as well stand in the street and give away money. Cancel the agreement and look out for a two year old car. Same car, huge saving.

This is a 2 year old car 🤯.

Are decisions like this the reason you have poor credit?

Honestly, £720 a month for a CAR is bonkers!! And £120 a month for insurance?? Where on earth do you live? Mine is about £350 for a YEAR.

Your current 19 plate car should be absolutely fine for a few more years yet. How about you put that £720 a month in savings, and by the time the 19 plate dies, you'll have more than enough to buy a 2-3 year old car outright.

Respectfully, that’s a lot to pay for a dime a dozen shitbox. I’m all for the joy of buying a nice car and understand the SUV craze. I used to hate them (have had a few and always go running back to an estate) but am currently driving one as a hire after a big smash and it’s won me over. Think of the holidays and carpets you can get.

the novelty will wear off when the first bill comes and you can get a very nice car for less if you shop around.

This is insane. 20% of income on a car???

So when did you last have a claim?

I’d love a new car, at the moment I have a 8 year old estate (paid off). I would love a newer smaller car that’s easier to park, but we’d still need the estate for the dog and pram. At the moment DH share the car and we probably spend £80 a month on taxis when one of us has it. I priced up a fiat 500e and it would be about £350 and I decided against it as it is a vanity buy not something I need.
Instead I’ve decided to put the £350 into savings to see if we can afford it, I can then use it to change the estate or maybe take DS to Disney. In 2 years I’ll have over £8500 with interest. It really put it into perspective for me.

Me and dc are disabled, we do honestly need a car

Another poster alerted me to this, so came back to find you

Thank you.

I looked at my dc last night - fwiw I didn't sleep thinking this over - and realised this is a choice for me. They dont care about a panoramic sun roof but enjoy going out

5k to own the micra

Had a similar deal on the micra but it was at least affordable

Petrol

But its an automatic which was a big draw as my current is a manual and its a nightmare on hills

Thank you 😞

Thank you, youre right x

Thank you x

When someone is driving an SUV I instantly think they have an attitude problem.
£620 a month is enough to get chauffeured to work- it's a huge amount, unless you are high net worth.

Thank you very much - glad you're doing better now - hoping for the same for me x

Absolutely no chance _ I drive a qashqai, its an 18 plate, I do it (its not auto though, nor does it have a sunroof) I've just had 4 years of paying £200 a month for it. Now its paid off I'll keep it another 4 years or so - it'll be around 12 years old by then, and then it'll be traded in towards a 3/4 year old car.

I look around at the school gates and see all range of cars, from small aygos to big porsches. What we have works for us, couldn't care what works for anyone else - that's what you need to work on, your realisation that what you have works for you, stop playing the social media 'everyone has more than me' game

First car, had it for 3 years

Had an accident last year and lost my no claims

Watch some youtube channels where financially savvy people tell financially unsavvy people how easily they waste their money on new cars. They’ll also give you advice on how to use the money you save more wisely.

That’s the same as my mortgage! 😱
what I will say is I had a qashqai for a month as a courtesy car and I couldn’t wait to get my Kia stonic back. I really didn’t enjoy driving the qashqai despite loving it and wanting one the day it was dropped off. On longer drives it was very uncomfortable and just felt a bit rickety!
you’ll be able to find a better car for far less if you shop around

We are disabled

Fwiw i'm in a wealthy area, all the cars are new and suv types

But I agree, i just can't afford it 😞

Near Muswell Hill