What to do with my moneys?

[Ben10]

at some point next year i shall be claiming a couple of thousand in compensation... about 2 - 2.5k.
Just wondering whether i should sell up on the 1.2 and throw it into a low mileage 182?
I know the insurance will pull my pants down and show me who the daddy is, but thats what i could use the moneys for?
and just buy the car with my own money - after all they are cheap for what they are.

thoughts and rants please?
i was thinking either this, or keep the moneys and do something else productive but right now i cant think what...

 

[Curtis!]

I don't think it's worth paying alot for a Clio.

If you had a TVR or something special then maybe paying abit more would be worth it. But you see no return on spending alot on insurance IMO.

 

[brownale01]

if you buy a 182 you will not regret it. end

 

[Magic Johnson]

Booze and prostitutes firstly.

Then I would get a mint PH1.

 

[Kris86]

save it until insurance isnt silly. As good as a 182 is..i would not pay silly insurance for one.

 

[Will.]

Insurance might not be that bad next yr when you get it so just save until insurance is ok. Or use that money to do a lifetime experiance such as travelling

 

[Sir_Dave]

Put it in the bank for a rainy day - or when insurance is normal.

 

[Ben10]

well thats what i mean.... if i get one when im 20 in a couple of months time, clear away the shitty insurance price. job done for a year. save an extra £100 pounds a month over that year, then the year after when im 21 with hopefully 2 years NCB, plus about £1000 saved up for insurance, it wont be that bad surely???

 

[SC03OTT]

Put it in an ISA for when you buy a house...if you don't already own one.

 

[Ben10]

dont own one. already got a police savings account ongoing

 

[Curtis!]

dont own one. already got a police savings account ongoing

Put it in there then.

 

[Ben10]

but thats boringggggg

 

[pritchard182]

Put it away for a rainy day lol like fuk. do wat you want with it m8 but don't save it your young live life a bit and buy the clio if thas wat you wana do

 

[Curtis!]

but thats boringggggg

Alot of young people think saving is boring, being in college I see everyone around me can't afford to do this and that because they don't have any money.

I personally see it as I'm young, I have no expenses except buying 2 pints of milk to have with my lunch and my car. I put 80% of my money away to get as much behind me to make more money when I leave college. As I know the older I get the more I will have to spend.

Everyone seems to have more want than need when young.

 

[pritchard182]

But if your happy doing that then that's fine but why live a half life you never know what's round the corner I live for now

 

[cup-sy]

I will take your monies if you can't figure out what to spend it on.

 

[Magic Johnson]

Exactly mate!

Why bother?!

But then later on you realise 'why bother?' and regret spending your money on sh*t instead of saving it.

 

[DannoTheGreat]

Booze and prostitutes firstly.

my man

 

[Jonny1*2]

insurance might be a b**ch even at 21 mate. Preston isn't the best for insurance grades. see how much they are to get insured on now. Not sure how much you would get a 182 for in a year though. Probably still be paying 4-5k for one though. Tax is £215 for the year, mot etc. Petrol you'll get around 40mpg tops. Not too bad to run so long as nothing goes wrong with it Love it to bits !!!

 

[JD]

Everyone seems to have more want than need when young.

There is a balance; you are lucky enough to have found it.

People twice your age will not balance spending and saving, people half your age will (well, not in your 17 y/o case lol).

When you are younger, you have more freedom. Get it done, buy the 182 and spend on insurance.

 

[Rockford]

If you're into cars (you're on a car forum so I assume you are) then imo get the clio.

I've tried the "put it in the bank/go on a nice holiday/get wasted every day/buy a sex toy" with the money and as fun as all that was I still love the thought of waking up and driving a car that I enjoy.

Do it! We've got years to worry about important stuff.

 

[g.simmons]

Yes, buy a 182 if thats what you want, but for all the comments about, your young, spend all your money and have fun now, pfft, you need to start saving some time otherwise you will be paying off a mortgage late into your 60's/70's, and i don't think many people really wanna be doing that, its not sensible.

 

[Ben10]

yes yes yes i know. luckily for me i have a stable job in the police, and have no plans for moving out young. plus i didnt go to uni so i have no debts like the majority of my mates... and my car is what i love - so i think i may go for a clio, and then i will have years ahead of me to save up and get ready for a house

 

[Justin]

A holiday

 

[fUbAr]

Petrol you'll get around 40mpg tops.

lol high 20's/low 30's is more realistic.

Use the money to go travelling while you're young. See the world and gain all those experiences while you can.

 

[Ben10]

lol high 20's/low 30's is more realistic.

Use the money to go travelling while you're young. See the world and gain all those experiences while you can.

il be struggling to get time off though....

 

[fUbAr]

il be struggling to get time off though....

work is for mugs. Grab life by the horns and experience the world!

 

[chris_cup]

i had the same thing in the summer, £2.5k compen,

it paid for just over half my 172 cup. when i come to buy a house i'm selling it to top up the deposit. i know i'll lose money but i was willing to do it so that i could drive something nice before i had to get something boring.

any help?

 

[fUbAr]

i had the same thing in the summer, £2.5k compen,

it paid for just over half my 172 cup. when i come to buy a house i'm selling it to top up the deposit. i know i'll lose money but i was willing to do it so that i could drive something nice before i had to get something boring.

any help?

the cup will be worth, say £2k by then... hardly a massive contribution to a house deposit by the time you've bought a cheaper car to replace it.

 

[rory182]

you can get a perfectly good RS Clio for £3k to me that's a bargain

 

[DB.]

I put 80% of my money away to get as much behind me to make more money when I leave college. As I know the older I get the more I will have to spend.

Everyone seems to have more want than need when young.

Or spend now, save a bit, spend later!

Why live preparing for tomorrow, you could get hit by a bus.

Love a 19 y/o RB 182 Owner

You wouldnt regret it! You will still have money to spend aswell!

 

[Curtis!]

Or spend now, save a bit, spend later!

Why live preparing for tomorrow, you could get hit by a bus.

I'm not jewish about money and say No I shall not spend that!

I have it piled up, but if I want something I'll just buy it. I just try and keep it from seeping away in little dribbles as much as. I've never had much of a 'want' factor when I go into shops. I can walk around all day and not buy anything simply because I'm just no interested, I don't get the impulse.

If I get hit by a bus, all my stuff will find a nice new home in a charity somewhere.

:approve:

 

[W17GLE]

Save it towards a deposit for a house if you still live at home. You'll not regret it

 

[stevewales2003]

You've got the rest of your life to save, have what you want!

 

[W17GLE]

yeah but as soon as you are in a house thats it you can do what you want. There is no point being the 30 year old at home with mummy and daddy just coz you spent all your money on nice cars.

 

[Matt@Stealthsport]

Houses make money cars eat it.

 

[stevewales2003]

yeah but as soon as you are in a house thats it you can do what you want. There is no point being the 30 year old at home with mummy and daddy just coz you spent all your money on nice cars.

The lads 19 FFS let him have at least a little fun before before he gets lumbered with a mortgage!

Your probo on similar money to me being in the 5-0 and it only took me 6-7 months to save a deposit for my house, so wouldnt worry to much.

 

[Magic Johnson]

FFS that's a bit mental steve! It's going to take us two years and that's with a starting amount of £2,500! :dapprove:

 

[Slinkey]

Do it mate! Im planning on doing the same thing, saving most of my money each month for a clio 172 in july/august (will have one years NCB). Atleast then you will have something to show for that compensation your getting.

If i do get a clio RS i plan on never getting rid of it, maybe after a couple of years i will get a different car but i wont sell the clio. Think about it, in 15 years time it will be a classic almost lol and as cool as the renault 5

Oh and 1st post

 

[alexsmith]

im 19 and planning on getting a rb 182 within the next month, its your decision tbh but i know i would