Help! I'm Stressed which car do I choose

[81stubee]

Bare with me its a bit long winded.

Been looking at P38's lately because I think they are a damn nice car (reliability aside) they look good and will eat distance all day (in an armchair).

However Ritters offered me $9000 trade in for the tdi manual with 240ks, and we had a drive of an 97 tdi auto with 120ks and it is a different car to the manual and the wife likes it, but theres a catch, its $17000 which means a $8000 changeover.

I don't want a P38 older than 99 so that means around $29000. The father in law is lending us the money off his mortgage so its a only about 8% at the mo. We still owe them money for the wedding and are saving to buy an investment at the end of the year. If we get a P38 we will keep paying our current repayments it will just take longer to pay off.

Do I get the disco or the range, I am a person who likes gadgets hence why I like the range? (she reckons theres too many buttons). The stress is killing me.

Stu

[rovercare]

Bare with me its a bit long winded.

Been looking at P38's lately because I think they are a damn nice car (reliability aside) they look good and will eat distance all day (in an armchair).

However Ritters offered me $9000 trade in for the tdi manual with 240ks, and we had a drive of an 97 tdi auto with 120ks and it is a different car to the manual and the wife likes it, but theres a catch, its $17000 which means a $8000 changeover.

I don't want a P38 older than 99 so that means around $29000. The father in law is lending us the money off his mortgage so its a only about 8% at the mo. We still owe them money for the wedding and are saving to buy an investment at the end of the year. If we get a P38 we will keep paying our current repayments it will just take longer to pay off.

Do I get the disco or the range, I am a person who likes gadgets hence why I like the range? (she reckons theres too many buttons). The stress is killing me.

Stu

Keep the one you have and pay off your debts:(

[Fusion]

Keep the one you have and pay off your debts:(

I'll second that . It's nice to have toys but sometimes they have to stay in the shop window for just that bit longer . Get out of dept then go nuts with a rangie ;):)

[81stubee]

I do have to agree, but she won't drive the current one because she's vertically challenged and is uncomfortable, and theres no point spending more money on it if she won't drive it. She'll wait for me to get home from work and then we take the work ute to do the shopping.

I think the disco may be the winner, because have to borrow less, but it has a few disadvantages, We only currently owe about 4g's

Common Sense is saying one thing, heart is saying another. :(

stu

[29dinosaur]

At that changeover it's not worth doing. You sound youngish - you need to start saving for the purchase of assets that will not depreciate them... ie if you don't have your own bit of real estate - you need to start getting your own mortgage - not your father in laws. Or borrow against your father in law to get into property....

[29dinosaur]

I do have to agree, but she won't drive the current one because she's vertically challenged and is uncomfortable, and theres no point spending more money on it if she won't drive it. She'll wait for me to get home from work and then we take the work ute to do the shopping.

I think the disco may be the winner, because have to borrow less, but it has a few disadvantages, We only currently owe about 4g's

Common Sense is saying one thing, heart is saying another. :(

stu



Use your head not your emotions in this case....

[procrastination inc]

goimg into debt for a car you NEED (for work etc) is one thing. Taking on more debt for a WANT is another. Please don't confuse the 2 because it will cost you

[81stubee]

Yeah we are currently putting a fair bit aside for a property early next year, and the car won't affect that much, i'm not disagreeing with what you say though.

7 grand is a lot for what is essentially the same car.

Even converting current one to an auto isn't an option because its done so many k's.

Maybe we should of got rid of the disco instead of the 121.

Thanks for your help. I do see sense, even though i'm 26, and I can get my toys later.

[rovercare]

Use your head not your emotions in this case....

Yep, may be cheaper to get a new .........:angel:


:D

[RonMcGr]

Bare with me its a bit long winded.

Been looking at P38's lately because I think they are a damn nice car (reliability aside) they look good and will eat distance all day (in an armchair).

However Ritters offered me $9000 trade in for the tdi manual with 240ks, and we had a drive of an 97 tdi auto with 120ks and it is a different car to the manual and the wife likes it, but theres a catch, its $17000 which means a $8000 changeover.

I don't want a P38 older than 99 so that means around $29000. The father in law is lending us the money off his mortgage so its a only about 8% at the mo. We still owe them money for the wedding and are saving to buy an investment at the end of the year. If we get a P38 we will keep paying our current repayments it will just take longer to pay off.

Do I get the disco or the range, I am a person who likes gadgets hence why I like the range? (she reckons theres too many buttons). The stress is killing me.

Stu

IF the 97 has low km and is in exceptionally good condition, go for it.
I bought a 97 V8 SE7 for a similar price, with 102,000km on it.
It is an immaculate vehicle, no oil leaks and no problems.
I had been told by a LR Wrecker, that the 96to98 are the best. :)

Mine is a "Keeper" i.e. we will have it until it falls to bits :D
My wife loves traveling in it and driving it.

Cheers,
Ron

[81stubee]

I just got in trouble for not explaining myself, the current disco needs a fuel pump and injectors, suspension, windscreen (starting to cloud and really scratched) ABSfault about $300 - $400 to fix etc etc and cambelt sometime next year. But even if I keep it and spend the dollars on it, she still can't drive it.

As you say Ron if this auto tdi is perfect (only 120000k's) then I only have to borrow $7000, this is probably the way to go, Ritters will do the cambelt etc... and Ritters have a good rep anyway. I might be able to get them down a bit anyway.

I don't really want to borrow more money, but sort of have no choice.

To dream of rangies another day

Stu

[Xavie]

have the disco checked if you have any thing your unsure about but just go with the 2nd hand disco for 17 grand did you say?

I won't go in to all my reasonings as it sounds like your going to do that anyway, haha.

Xav

[Utemad]

However Ritters offered me $9000 trade in for the tdi manual with 240ks, and we had a drive of an 97 tdi auto with 120ks and it is a different car to the manual and the wife likes it, but theres a catch, its $17000 which means a $8000 changeover.
Stu

Doesn't anyone else think you would have to be insane to pay $17k for a Disco1 regardless of condition?

I don't know your situation really but if you are saving to buy your own place then DON'T borrow money for a car!

[Xavie]

Doesn't anyone else think you would have to be insane to pay $17k for a Disco1 regardless of condition?

I don't know your situation really but if you are saving to buy your own place then DON'T borrow money for a car!

Yes, I was thinking that also. There is a good one in melb going for 13 I think. On carsales. I realise in many peoples oppinions this is to much but it is still 4 g's less.

Xav

[feraldisco]

Don't be flattered by a trade-in price of $9K which seems like a lot...it's purely because what they're trying to sell you is also overpriced. If you really need to get rid of your current vehicle, I'd be selling and buying privately...or, if you know what to look out for, you can buy from a non-LR dealer as they usually sell LRs dirt cheap, and don't know the value of options like ACE etc.

[LandyAndy]

My TD5 D2 was only $14990 3 years ago!!!
DONT borrow big time on cars you only go backwards.
Keep/fix what you have and borrow a bit to get her own small car to run around in.
It will work out better in the long run!!!
Andrew

[awabbit6]

I don't know that I can add to what has already been said.
$17k is too much to spend on a Disco 1. If you must spend that sort of money, I'd be looking at a Disco 2.

Underlying all of this though, it is never a wise decision to borrow money to purchase anything that is going to depreciate as reapidly as a car will. I've never had to take out a loan to buy a car. I've never had the flashest car on the road, but I've always owned what I drive.

[dullbird]

My TD5 D2 was only $14990 3 years ago!!!
DONT borrow big time on cars you only go backwards.
Keep/fix what you have and borrow a bit to get her own small car to run around in.
It will work out better in the long run!!!
Andrew



I don't really see the sense in that as you would be paying 2 of everything, rego insurance, fuel etc......would probably be better off spending on the disco would be more cost saving than two cars.....

My 96 tdi auto was on a car lot for nearly 17 with 140k's
it was in good condition. I got it for 11 that was over 2 years ago. 17 is alot of money for a d1, personally its a trickey situation as you will lose money by changing, but in the same instance you will lose money by not, as the car you have with or without problems is only going to depreciate further. Which will give you less to play with at a later date.
but I will guess that your car with problems you have described is not worth 9 probably close to 6 so I would say keep hold of it get it fixed (do it yourself to save money) get your house that little bit quicker and then buy the rangerover that you can both enjoy, then apart from the debt of your morgage you can spend all your money fixing the rangie:wasntme:

[WildOne]

17 thou is tooo much for a 10 year old car..........as others have said, buy privately and you'll get the same D1 for alot less. just make sure if you go down this road that it is properly checked by a Known Landy mechanic.

[WildOne]

17 thou is tooo much for a 10 year old car..........as others have said, buy privately and you'll get the same D1 for alot less. just make sure if you go down this road that it is properly checked by a Known Landy mechanic.

Sorry, make that an 11 year old car:angel:

[Tango51]

The majority are offering you advice a father would offer a son, and I think you should treasure that.
At your age, forgive me for being blunt, but all you want is to find justifications for getting a purchase of something cool, better.

I would get what I could for the current landy, and shop for a reliable car that suits your finances and situation....that includes a Nissan (towncar) at 5 grand.
Cheap to run and maintain, tuck my ego away, save like buggery, adore my wife, target the real estate with an obsession like passion and free myself from as much debt as possible.
Win respect from my wife in the long run
Win respect from my in laws immediately
win respect for myself in a MAJOR way in the very near future.
Create a life habit that will see me through hard times.
It's only my opinion, but think for a minute. What happens if it turns out that the next three years turn out to be the hardest we have seen in 50 years?
No time to borrow money on an asset that costs money as it shrinks in return!!

[Rangier Rover]

If you plan to have a life and some cash I'm not sure you should finance a V8 let alone a P38 that age although they are the better end of them. As nice as they can be. The running cost can be eppic:o. The S11 Diesel Disco will be cheaper to run. What will fuel cost in a few years.:o I have a V8 Rangie and love the thing. But running cost are going to be a problem soon as it's used every day. Diesel is the answer.

[jsp]

30 grand on a P38? your mad.......

the older ones can be better than the newer ones.....depends on the toys you want inside and how well its been looked after....plenty of Bosch P38's about with issues, the car is a niggly car, I wouldn't take being post 99 as a general rule of thumb of reliability, I feel they are just a case of some are good some are bad.

I wouldn't personally be buying into one, I got 3 years of mortgage payments under my belt before I bought the second RR which I "wanted" for 5 years.

Debt sucks, I can't get over my generations willingness to take on huge amounts of it and sleep at night :eek:

[29dinosaur]

Your title of the thread is "stressed"... never make a financial commitment whilst under 'stress'..... wait until the clear light of day and you will then be grateful you didn't plunge from the frying pan into the fire. A stealer is only offering you what your car is worth as a private sale because he's inflated the price of the next vehicle you will purchase from him. The real value of your car maybe $7.5-9500 max as private and the auto maybe $10.5-12 max as private sale (maybe 13 at stealer). Turnover cost would have been about $3,0000. Don't forget stamp duty on rego as well....

(Incidently I saw a really good td5 2000 auto sell for about $13500 recently.)

Sleep soundly on it and I think you will 'get over' your justifications for wanting a new toy....

[Xavie]

Sleep soundly on it and I think you will 'get over' your justifications for wanting a new toy....

I don't think Stu is looking at buying a new toy. IT seems to me he is looking at buying a functional vehicle that his partner will drive as she doesn't feel comfortable to drive the current one.

And also the mention of her waiting for you to get back from work just so she can go do some shopping. I think it would take a load off Stu after a day at work if he didn't have to do that all the time. I might be wrong but I'm well aware of what being a taxi is like.

Xav

[Utemad]

Just a question...if you knew she wouldn't drive your Disco why did you sell her 121?

The real answer was possibly to keep the 121 and either sell your Disco or even park it somewhere safe and hand the plates in until such a time that you had bought your house/investment and could comfortably buy another or reregister you existing Disco.

Especially since it sounds like you have two cars now (Disco and work ute) while she doesn't have one at all.

[rovercare]

Just a question...if you knew she wouldn't drive your Disco why did you sell her 121?

The real answer was possibly to keep the 121 and either sell your Disco or even park it somewhere safe and hand the plates in until such a time that you had bought your house/investment and could comfortably buy another or reregister you existing Disco.

Especially since it sounds like you have two cars now (Disco and work ute) while she doesn't have one at all.

Just make her drive the current Disco would be a good solution:twisted: