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Buying first car budget advice?

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  • 17-07-2014 12:02am
    #1
    lcstress2012
    Registered Users Posts: 595 ✭✭✭


    Hi Im going to by my first car been driving since i was 17 and am 21 now. I currently work full time earning 350 EURO a week. I have 3500 in the bank and money in the credit union. I have 4 yrs no claims bonus have a full clean licence and have never been in an accident. I am currently on my dads policy as a named driver and have been since I was 17/18.

    I'm thinking of buying a small 1 litre engine/ 1.2 litre polo (or similar small engine car). My MAX spending on the car will be 1500 EURO. My question is is this a good budget and will the money I have coming in be enough to cover me? I need to buy a car asap to get to work from beaumont to the airport.

    Ant advice would be great. Thanks.
    Tagged:


Comments

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    #2
    colm_mcm
    Registered Users Posts: 73,388 ✭✭✭✭colm_mcm


    yaris is the best choice IMO. Your budget will get you a 99/00/01 model. They're cheap to run and will retain most of what you pay for it when you sell it on.


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    #3
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Spend a bit more on the car or you will be borrowing for repairs. I'd say your CU will be delighted to see you


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    #4
    colm_mcm
    Registered Users Posts: 73,388 ✭✭✭✭colm_mcm


    George Bernard wrote: »
    Spend a bit more on the car or you will be borrowing for repairs. I'd say your CU will be delighted to see you

    How much do you have to spend on a car so that you won't have to borrow for repairs?

    Also, why are you responding soley to threads that mention the credit union?

    http://www.boards.ie/search/submit/?user=720449&sort=newest


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    #5
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    You'd have to ask a mechanic about that, but experience had taught me that you have to be really really lucky not to be buying trouble when you buy a car over 10 years old. Mechanics will tell you which cars are to be avoided based on your budget


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    #6
    colm_mcm
    Registered Users Posts: 73,388 ✭✭✭✭colm_mcm


    My mechanic drives a 95 fiesta


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