As you can see I’m making good progress on my car savings, with €1500 saved in my account. This means I have enough to apply for a loan for €3500 (to make a total of €5000 altogether) however I will keep saving for another month.
This is because I want to have enough money for a year’s worth of car insurance (somewhere around €400) so that I don’t have to worry about insurance payments for 12 months.
I’m still not sure how much a car dealer will take off the price for my Daewoo as a trade-in vehicle. I think the car could be sold for €900, so I would like to be offered somewhere around €500. Car dealers aren’t known for their generosity however, so we’ll see.
I still have 4 months from my April deadline to buy a Suzuki Swift so I can relax a little bit – providing no unexpected bills come up. The good news is that there are currently a lot of Swifts to choose from Slovak car sales sites such as this one.
So at this rate, I’ll apply for a car loan in late January or early February.
Additionally, my Raspberry Pi computer arrived, so my dreams of having a fully computerised car are getting closer.