u/LumpofCheese

▲ 0 r/Money

Would rewarding myself with a classic car in my position be irresponsible?

I'm 19 and at the end of a three year apprenticeship, which I've been working bloody hard to get through. I've always fancied a classic car and thought the end of my apprenticeship would be a good excuse to 'reward' myself with a new hobby.

For context, I'm on £28k a year, and once my apprenticeship finishes in August it should go up to £35-40k. I'm in a good financial position and have about £50k total in investments and saving accounts, which I hope to put towards a mortgage on a flat/house to move out in the next few years. I've already got a car to trundle to and from work in, so this classic would be a hobby car.

I'm looking at getting a classic in the £10-15k range, like a triumph GT6 or similar. The insurance, storage and upkeep will total £2-3k a year.

Is this a bad decision? I know these numbers are small compared to some of the posts on here, but I thought I should check if my financial reasoning is sound!

reddit.com
u/LumpofCheese — 2 days ago

Is this degree of panel misalignment a no-go?

I was looking at purchasing this GT6, which appears to have been fitted with the body of a Mk4 spitfire. Is this level of misalignment something that can be fixed, or would I be purchasing a headache?

u/LumpofCheese — 9 days ago