Most things that are purchased these days could be classed as 'vanity'! From the latest sofa/TV/coffee table/mobile phone (infact most objects non essential items). These days 'some people' dont have a choice other than to live like this. Not sure how many 'average' people have even 3K to buy a 'new' vehicle lying around as a 'just in case'. I live in a village where buses come every 2 hours and I have a small child so reliancy on a decent, GOOD car is my proirty. It fits into my monthly budget and it will do what I need it to do without it stressing me out and breaking down and having to shell out loads of money as it is covered by warranty and breakdown. Maybe you would see this expenditure as extravegant but to me its more essential than Sky TV or a new IPOD or the latest mobile phone. Oh and I'm hardly 'living the dream' with a Peugeot 107 but its a super car for my needs. If I was doing that I would certainly be looking at slightly different vehicles. It's about living to your means and not 'overspending' and thats where people go wrong.

cheers for your input though! I am going after work to pay my deposit as I have seen loads of super reviews for the 107! can't wait!

I am always amazed when people panic if their home goes into negative equity - like that really matters, when the important thing is that you have a roof over your head.

But, they don't seem to worry about negative, or rather no equity, in a car that they pay over the odds for, as a pure vanity purchase.

I agree with you Max. People who buy brand new cars, on finance, are just fooling themselves. Live the dream (on the tick)!

I totally get your point! It is a lot of money to lose which I have considered both for that reason. To be fair I was shown used and new vehicles at all the dealerships I went to as wasn't quite sure what I wanted. The problem with older cars is that you don't know what wear and tear they've had previous (even if it has had all the checks). I could drive it away and 6 months later blows up and I will have no come back therefore its totally worthless anyway. I may as well spend a bit more and at least be reassured I will protected by a warranty. I am really keen on a brand spanking new one too. :-)
The chap at the Peugeot in Stoke was everso helpful too and feel confident that a new 107 is the right choice for me. I was given the pro's and con's of both. Its highly publicised that in the main new cars lose money but its only the same with most saleable items.

Cheers for the advice though. Anything to think about is good!

They are decent cars as long as they are looked after.

My personal feeling though is that it is a lot of money to spend on a small, utility car. When you buy new, the vehicle will lose at least 25% of it's value the day you drive it home. I just look at what you could get with the same money spent on something say 5 or 6 years old and new cars are not for me. The only plus with a new car is that you get to choose the colour and a few of the extras but that's not worth 25% of the value to me.

I'm looking at buying a new Peugeot 107. I've looked at Citroen C1 and a Vauxhall Corsa but just really liked the 107. The guy i saw at the peugeot dealership in Stoke was great and made me feel comfortable with the car. The price I've managed to get is also very good too in comparison to the others. I've never had a Peugeot before and wanted some unbiased reassurance that Peugeot's are good cars. I've said I will be back with my deposit on Wednesday as feeling confident this is'the one' but just thought it would be good to get some advice before hand.