12-11-2014, 08:09 AM
My input:
This is something i have been looking at alot recently, albeit not a BRAND SPANKERS car but rather more a cheaper / older car with a 25% deposit and the rest paid off over 3 years.
My reasoning for this is that i have never borrowed money in my life which although morally correct, doesnt stand me in a good credit rating for in a few years when i want to buy a house and obtain a mortgage.
IMHO i would say if you can realisticallly afford it and afford to repair / maintain said new car then go for it! and please tell me its a 208 gti 30th edition
Best way to do it is to put as much down as possible before hand, what contribution is the dealer putting in? as most offer a £500 dealer contribution on a new car.
This is something i have been looking at alot recently, albeit not a BRAND SPANKERS car but rather more a cheaper / older car with a 25% deposit and the rest paid off over 3 years.
My reasoning for this is that i have never borrowed money in my life which although morally correct, doesnt stand me in a good credit rating for in a few years when i want to buy a house and obtain a mortgage.
IMHO i would say if you can realisticallly afford it and afford to repair / maintain said new car then go for it! and please tell me its a 208 gti 30th edition
Best way to do it is to put as much down as possible before hand, what contribution is the dealer putting in? as most offer a £500 dealer contribution on a new car.
![[Image: 17b33c2a-8471-4313-992e-0a4b324cf926_zps2e63812a.jpg]](http://s143.photobucket.com/user/matt-taylor/media/17b33c2a-8471-4313-992e-0a4b324cf926_zps2e63812a.jpg.html)
Team Cyril