I’m 19 from the UK and currently own a 75k miles 2008 corsa. It’s done me many miles and has run well but now I’m looking at almost £1.5k in repairs and other bits and bobs.
Now, I’ve just got my first full time job. 19k a year and 13 payments of 1.2k (after tax). I pay my parents about £130 a month for house keeping.
Now with the state of my old car and being a huge car person, I am looking to get a brand new car on finance. This way I know I have a new car and it can be a more expensive one that, as a car lover, I can enjoy.
I’ve looked at the Mercedes A160 and A180 AMG line cars and these would set me back around £350 a month (including the insurance).
But is it a good idea or bad idea? I don’t plan on moving out in the next few years and would plan on spending £450 on car a month (car, insurance and fuel), put £500 into savings and have about £200-£250 left over each pay day.
Would love to get some opinions and/or experiences you have had with a similar situation.
Submitted January 23, 2018 at 07:33AM by itswillsreddit http://ift.tt/2E1IEfX
