today i decided to look into the vx scrappage deal. the value of my dti came out as " good condition £320 - average £100 - shoddy £90. never gone into debt to buy a car & the thought of doing so puts me off. also also i know that i can jump into my mig & no matter what the distant i want to travel i am confident it,s going to make it. the wife is nagging me to get something modern.
Don't.
1. You've spent a small fortune on it since you got it.
2. Buying a new car on finance is insane... you are borrowing against the full price and the depreciation regardless of the 'deal' you got.
3. Next time she wants something, like a holiday or new house, you won't be able to because you have a car payment.
The new car will remind you of these every time you look at it.
If you must get her an appliance, make sure it is a Toyota or Hyundai and haggle like a bandit. Alternatively part exchange it for something interesting.