Decision Time :S

ValoSunnyGti · Post by **ValoSunnyGti** » Thu Apr 03, 2008 12:08 am

Ok so as some of you may be awarwe i had money issues, it is now in the open with parents and my mum suggested bankruptcy ( she is a bank person so knows her stuff

)

but at the moment my insurance has had to be cancelled and my mot is due this month so the car is coming off the road.

Do I :

a. Save up and do bit by bit to the Sunny and get it all perfect again then reinsure and MOT when i can afford ir

or b. Save up, sell the sunny and go for a GTi - R

I ultimatly want to get a pulsar so im wandering if it is worth saving spending out on the gti to potentially spend the same again on a R.

RX7 · Post by **RX7** » Thu Apr 03, 2008 6:16 am

Sorry to hear this mate.

I'd sell the sunny and save for the pulsar. Trouble is you'll probably need to get the mot done before selling,

Post by **Stuart** » Thu Apr 03, 2008 6:18 am

Get your Gti sorted, two reasons.

A) It will enable you to get back on the road sooner (theoretically)
B) If you're that skint, you won't be able to afford running the GTI-R anyway.

Good luck Tom.

Nik · Post by **Nik** » Thu Apr 03, 2008 6:24 am

I hate to put a dampner on it Tom but if you are considering bancruptcy, you may not have a choice in the matter. They may take your car if it is worth them selling it. If you can convince them that it is not worth the money to get it roadworthy and it is not worth alot without it being roadworthy then you might be ok.

Good luck.

Bubble · Post by **Bubble** » Thu Apr 03, 2008 8:56 am

I have heard that the worst thing you can do is to declare yourself bankrupt. There are other ways and you need to take some independant proffessional advice.

ValoSunnyGti · Post by **ValoSunnyGti** » Thu Apr 03, 2008 9:47 am

well in an interesting turn of events this morning i have just been woken up by my Mum ringing me saying she has paid of the rest of my insurance, :S i love her

.

As for the bankruptcy It is not 100% yet that we are doing it. We need to research it a lot as a family first .

I think what i am going to do is put the money needed in for MOT but thats all then look into getting a pulsar.

Which brings me on to my next question. How much roughly would i be looking at paying for a completely stock pulsar?

Post by **Ben** » Thu Apr 03, 2008 9:59 am

Tom, not to be harsh - but I'd not even contemplate getting a crazy power car with your situation - get some funding saved - a silly horsepower car costs big bucks whatever it is ...

duncan · Post by **duncan** » Thu Apr 03, 2008 10:08 am

Didnt we do this post already ?

Dont take that option unless you really have to Tom - IVA is a better option if you can.

Tk · Post by Tk » Thu Apr 03, 2008 11:50 am

being short of cash the gtir is not the car to buy i had 2 of them last year and yes there great cars when there running but keeping them running is a different matter, people who have owned them will maybe disagree and running a stock one will be better but how many are stock ? i recon you would be lucky to find one.
i say stick with the gti for now until you have a bit of cash behind you because you will need it

ValoSunnyGti · Post by **ValoSunnyGti** » Thu Apr 03, 2008 12:04 pm

yer I am going to stick with the GTi as i have aquired a garage this morning so can spend time getting back on the road,

IVA would usually be the best option but as my monthly income is rather low at the moment bankruptcy seems the most veesable option.
Plus there is the bonus that i wont be able to get my self into the same situation again

Dunc the last thread was about whether to go bankrupt or not, this one is whether to stick it out with the GTi or go to the gtir.

I agree with Tk on the whole keeping it running thing so I am going to save up a large amount over the next year or two to make sure i can get a clean one in good condition.

And also agreed Ben, crazy horsepower is probs not good for me as knowing my luck i would blow something on the first day .