Hi everyone
I had a crash a couple of weeks ago and my renewal quote has gone up to £2,000 (I'm 18) as the insurers have not come to a conclusion as to who's fault the accident was. To add, if they decide it was the other drivers fault my insurance will drop to around £1,000.
My car is a VW Polo 1.4 and has been classed as a write off (I believe a CAT C). Ingenie, my insurance company have offered to buy the car off me for £1,070. As my car (prior to the accident) was already a CAT C and there are some other faults with the car, such as the locks fail to work, the car is dented and the boot will only open with the key, I have come to the conclusion that I will probably accept the offer.
As I need a car ASAP in order to commute to and from work, I am looking into finance deals.
I visited a vauxhall dealership today and I'm looking at financing a Vauxhall Adam, I want it completely blacked out (image below).
Here is a link to the deal I'm looking at (the top one on this link):
http://www.lookers.co.uk/vauxhall/offers/new-car-offers/vauxhall-adam-offers/Now, as the top car is Red and I have spoken to the dealership and that car at that price will only be sold in red, its going to cost me more to get it blacked out how I want it.
Originally the deposit was £169 and the monthly fee for 2 years was £169, however as I want to personalize it the deal is looking more like £2,000 deposit and £240 a month, but obviously the more I deposit the lower the monthly fee will be.
The reason why this deal seems to be so good is:
1. I've managed to negotiate a 2 year deal which originally was 3 years
2. I pay £99 for insurance for the first year
3. Brand new 15 plate car which I can decide to either keep or get rid of in 2 years time, and either buy another car outright OR choose another vauxhall and do the same deal all over again and pay £99 for insurance again.
4. With the £1,070 I will get from my insurance company if I decide to sell them the car I can put that towards this deal.
5. I would just like to add around a 5th of my monthly income would go towards this car so that's also something to think about.
The specs of the particular Adam I want are:
ADAM Capital Black 1.2i 16v VVT
I’ll be Black exterior paint
I’ll be Black roof colour pack
17” Hurricane Wheels (black gloss)
Extreme Carbon Pack
Black Morocanna (Superheroes)
Piano Black interior trim
Sports pedals
IntelliLink
Rear parking sensors
Summing up all the above factors, I would really appreciate it if any of you could provide me with some advice as to A) What I should do, B) What you would do in my situation.
Thanks so much, have a good day
P.S. Also tell me if you like the car? Here are some more pics of the one I want:
http://www.ebay.co.uk/itm/2014-Vauxhall-Adam-1-2I-Slam-3Dr-Petrol-Hatchback-/251858011586?pt=LH_DefaultDomain_3&hash=item3aa3e845c2P