Thats exactly why I bought the Panda. It is costing me £128 just for the loan and everything is else is on top. However the Corsa ended up costing me at least £200 a month and I didn't miss it. The Panda had £15 worth of fuel in it when the dealer drove to Manchester from Birmingham, its on 123 miles now (was on 81 when I get it) and the fuel still hasn't gone close to empty, its between quarter and the first empty notch. I seem to be getting well above 50mpg so far and it can only get better with use.
It means that the high cost of the loan will be wiped out with very low fuel costs. It is also extremely nippy so for my circumstances I am hoping I have picked the perfect car.
I could have easily bought a nice BMW or merc for £6500 but every time I look at it I would hate it because of the high insurance and tax etc.
If I did a lot of motorway work then I would have more likely have used my £6500 to buy a 3 year old Mondeo.
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