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

😭

I could afford £720 a month on a car but I would never spend that! Save up the difference between the costs at the moment. See where you are in a year or two. Build up your credit rating. I bought a 5 year old car for 13.5K, got 2K for my old car and put in 1.5K in cash. Took out a 10K loan that costs £135 a month, road tax is £20 a year and insurance is around £400 a year.

You can still get a nice car for a lot less money.

And look at the Clare Freemantle incident too where she ploughed her huge tank of a car through a hedge and across the grass and killed children having a picnic. I can guarantee my little Kia wouldn't have done that!!

You could get a Santa Fe or Kia EV9 for that 😂

Save £720-£350 = £370pm for 2 years and buy one outright - plenty on autotrader.

£500 for a used Nissan, no one will be impressed by that my love, if you cancel it and improve your credit rating you could probably get a Range Rover for that kind of money in a couple of years.

That shouldn’t have made me laugh…. But it did 😂😂😂

That seems v expensive for a 2 year old Quashqai !! I wouldn’t ever consider paying £720 per month and my take home is more than double yours.

Tesla have some excellent deals on at the moment. Not SUV, but I feel the SUV hype is dying.

Just buy a car outright.

Our mortgage was only £780 a month, no way would I spend that on a car. We've never had a car cost more than 5 grand and never would, they depreciate like no one's business.

Why do you want to impress people with a car? No one cares that you've got a micra and no one will care if you get an SUV - you'll just be hugely in debt, and that's what you should care about.

With an SUV all your costs will be much higher, diesel, tyres, insurance, servicing. Stick with your cheap little runaround, it will get you from place to place just as well as any other car.

I doubt OP can afford to, people that look at these type of 'deals' usually haven't got any money past their monthly pay cheque

You have kids that’s a massive holiday you could take them on instead of a car. That they won’t care about.

Please don't buy the car. That's an insane amount of money for a really mid car (I have a Skoda so I'm not being a snob, my car is mid too).

PP are right, pay off the Micra, save the difference between what the Micra costs & the 700(!) a month and in 2 years you'll have a great deposit for a newer car. You may even be able to buy something outright.

500 x 60 = 30000 plus depreciation plus your other costs. What's wrong with the Micra. How often is the car used? It's inner London, how much are Oyster cards?

Save the £700 for a year to see if you can afford it then put £9000 down to buy one

You want to spend £609 a month in a car and you have debt to clear? No, no way would I do this. Clear your debt and save up for a car if you want a new one. Your car isn’t that old and you’re already paying too much.

You are financially illiterate and need to get that sorted first before doing any more purchases. There is lots of free advice online, start there. Pay off your debts. Don’t buy crazy stuff.

My DH spends that a month on his car but he has a brand new Mercedes!! That’s a huge amount of money for a Nissan.

I get how you feel. I live in a very nice area and people have very fancy cars. I have a car similar to yours because I live in zone 2, don’t really need a car so it’s cheap to run.

A couple of people in my work are very car-oriented and actually laugh at my car. It stings but I hold my nerve because being financially secure is extremely important to me. One of the “laughers” drives around in a mercedes but can barely afford to get into work and is regularly in tears because of their financial situation.

Whenever they poke fun I remind myself that I’m in a good place because of the sensible decisions I’ve made and as a result I’m mortgage free and live a worry-free life.

Please don’t make your life harder for yourself.

Then she definitely can’t afford £600 a month for a car.

Cancel it that kind of money is nuts. Save up a decent deposit before you do it.

I did this once, a number of years back. Forked out a large proportion of my monthly income to buy a gorgeous car that I loved driving around in. The rate would have been similar to yours. I was sooooo happy with it.

Until I reversed into a bollard and couldn’t afford to replace the panel so had to drive around with a huge dent in my perfect, impressive expensive car.

Then, because of my history of not looking after my money (credit rating), it eventually caught up with me and I started to fall behind on the payments. And when your monthly repayment is that high, once you’ve missed one you’re an absolutely fucked, to put it politely. I’ll save you the details, but ultimately I got woken up at 7am one day to 3 bailiffs and tow truck outside my house.

That was a long while ago and I’m debt free now, not a single penny other than mortgage but it was an awful time that made me very ill, all because I wanted to have a nice car.

Ironically these days I drive a second hand, automatic (and slightly battered) Qashqui. But I own it - not the bank. You have no idea how nice it feels knowing I don’t have to worry about that monthly payment, particularly in this fucked up economy.

I totally get how you feel OP, but don’t do it.

I’m glad that’s all behind you, @Donnersons

Madness. £720 for 60 months, you say? You are willing to give over £43k for a car?
We are clearly very different in our approaches to cars and money, but by comparison, my car is not new, it is functional. It gets me from A-B. It is comfortable, runs well, and costs very little to run. I bought it for £1.5k. Tax is £20 per year. Insurance is £180 per year. So across 60 months I will have paid £2.5k.

Nissans aren’t the best cars either. Your better going with a Toyota which lasts forever as they never break. My 2019 Toyota still looks brand new.
There’s and episode of top gear where they chuck a Toyota off a cliff and the engine still starts!

That’s a crazy amount to spend! I’ve had nice cars before and the novelty wore off very quickly. I’m more than happy with my below average car now, at the end of the day it’s just a car.