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Home > General > Can I afford a rangeroversport? |
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RRS Daz Member Since: 22 Jan 2012 Location: Yorkshire Posts: 797 |
So do you clear 2k a month or before deductions?
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Fri Jul 25 2014 7:40am |
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Tommo22 Member Since: 26 May 2014 Location: Oxford Posts: 23 |
Thanks for your honest advice guys i appreciate you telling me what's what.
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Fri Jul 25 2014 9:51am |
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SRE Member Since: 16 Jan 2010 Location: Alicante Prov Spain + Hampshire UK Posts: 2329 |
Well said, get your priorities in the correct order, buy the Sport, then think about how you can afford to run it, i.e. Dump the wife etc etc In Spain - 2018 F Pace - Frightened away from the Sports due to crank failures Gone - A couple of RRS, A couple of Disco's. However thinking of another Sport. |
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Fri Jul 25 2014 11:39am |
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DrLex Member Since: 21 Nov 2005 Location: Ciderspace Posts: 257 |
Do it!
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Fri Jul 25 2014 11:39am |
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RRS Daz Member Since: 22 Jan 2012 Location: Yorkshire Posts: 797 |
My mate only clears 1500 a month but his dad bought him a 200k house, his dad is a billionaire with his own jet so my mate can afford a sport and he clears less than you. Therefore it's unfair to say you cant afford because of you wage. Rant over back to topic. I'd say if you have a comfort buffer so when/if the thing breaks then go for it. Whats the worst case it breaks and the repair bill is 5k them buy a banger to run till you can afford it. Some guys on here have gardens full of money trees but there are ones that don't too. Have a look into getting a warranty (aftermarket) then that will help with the repairs. IMO go buy one |
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Fri Jul 25 2014 12:01pm |
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Stuart Member Since: 17 Oct 2013 Location: Manchester Posts: 581 |
I think thats good advice. If he builds up a few grand in the bank he doesn't need, the money is on hand if (when) it breaks. As his living expenses seem low, despite a modest headline salary figure, his disposable income seems healthy enough. If he does some reading here and buys a good one, he might be able to do it. Members cars are often pretty alright buys from what I have read. |
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Fri Jul 25 2014 5:52pm |
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Graz Member Since: 22 Apr 2013 Location: Essex Posts: 104 |
Do it! As long as you don't have to borrow money, enjoy yourself now. In my early 20's I was making £50k pa and I spent it all on having fun - cars, holidays, women (not paid for I might add!). I don't regret it. Sure I would be mortgage free now (I'm 3 but you can always earn more money which I have done and you will too, but you can't buy your 20's back and I have have great memories of my adventures back then. |
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Fri Jul 25 2014 7:36pm |
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Tommo22 Member Since: 26 May 2014 Location: Oxford Posts: 23 |
So from you guys advice it seems a no brainer! Get one and enjoy it ( until it breaks) !
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Fri Jul 25 2014 9:16pm |
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Stuart Member Since: 17 Oct 2013 Location: Manchester Posts: 581 |
You are not really going to get that out of people, Tommo. And it won't be entirely black and white if you did. Many blokes here will be self employed, or have a company. As such, fuel and repairs will be paid by the business and won't form part of their salary. Most will be able to get the VAT back. Those expenses, while still coming out of their bank, wont be thought of as a personal expense as such. Self employed blokes may take out a small official salary that doesn't attract much tax, but they may utilise expenses or other methods to pay certain bills that can loosely be classed as a business expense. Added to which, many blokes have other bits of income, maybe rental income or dividends or such. So many wont know how much they actually 'earn' a month like a bloke on a salary might. For many here, 'spend' won't necessarily relate to 'earn' if that makes sense. Or put another way, if my car breaks and it costs £500 to fix, the business would pay that and it would come from the same pot of money we use to pay the electricity bills, buy stock, pay for advertising and everything else. That pot is replenished daily by sales. As long as there are more sales then spends, we are golden. Your situation as a younger chap than most here differs. You earn £x per month as an employee and that is relatively fixed, save overtime and extra work. So you pay your bills and what is left is your disposable income. If from that disposable income you can afford to put a couple of grand away for unexpected repair bills over a few months, and still pay the tax, insurance, fuel and servicing, you can afford to run it. If you can do that, and you have the cash put by to buy one already without borrowing, then go for it. But take the advice of the guys here and spend a few weeks reading the old topics. Know what goes wrong with these cars, know what to look for, know what questions to ask. Have the cambelts been done for example? If not, know what that costs. Think about mileage and history; don't rush, buy the best car you can for the money you want to spend. The forum here is a superb resource. Think of it like a savings account: You will take from it when you need to. In six months when you have your car, another guy like you will come along and you will be in a position to give him good advice. |
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Fri Jul 25 2014 10:35pm |
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sparky8181 Member Since: 02 Nov 2012 Location: West Midlands Posts: 588 |
[quote="SRE"]
Best bit of advice so far.....will save you a fortune in the long run |
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Sat Jul 26 2014 8:09am |
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W33 RRS Member Since: 21 Aug 2010 Location: Carlisle Posts: 68 |
Everyone on here is giving you great advice! But I'm going to have to stop reading it cause I'm 23 get paid the same as you £2k a month and iv bought a RRS, iv kept my old car for when it breaks but I figured I only have me and my house to worry about I might aswell get my dream car now, so if anything goes wrong that's my problem and don't have to worry about children or anything, but saying that I don't drink or smoke and would happily not leave the house or eat for a month to pay something for my car haha!!!
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Sat Jul 26 2014 10:02am |
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Tommo22 Member Since: 26 May 2014 Location: Oxford Posts: 23 |
Thanks Stuart I never looked at it that way!
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Sat Jul 26 2014 12:01pm |
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RRS Daz Member Since: 22 Jan 2012 Location: Yorkshire Posts: 797 |
You have to scratch the itch when you get it!!! |
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Sat Jul 26 2014 3:10pm |
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Jens0n Member Since: 03 Dec 2013 Location: Mos Eisley Posts: 76 |
There's always a bigger fish Nice 458 at the top of my road..... one day maybe Gone - MY12 SDV6, Orkney Grey, Ivory interior, Privacy Glass |
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Sat Jul 26 2014 6:20pm |
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