Increasing my power - Seat Leon 1.6 2006

[alexbeyv]

How much is it to insure the 1.6 with the extended list of modifications? Can't only be £2k. And if you don't insure the mods you're really driving round with no insurance...

Crazy world we live in. Just checked again for FR and it's only £2.3k - it was £4k 3 months ago. Buying FR moment I can see this, will post pics! Recommended places to sell?

 

[Jarre]

Is this fully comp? Tried adding parents/older people as named drivers to reduce the premium. Also put a higher voluntary excess on too, you'll only pay the excess if you crash, but you have to pay the premium

 

[alexbeyv]

Is this fully comp? Tried adding parents/older people as named drivers to reduce the premium. Also put a higher voluntary excess on too, you'll only pay the excess if you crash, but you have to pay the premium

Yes added Mum and Dad onto there and £500 excess ... Quick question you may be able to help me with me bud, I have my insurance through Premium Credit (paying monthly). How does this work with starting a new insurance agreement? Remaining payment wise...

 

[Jarre]

Yes added Mum and Dad onto there and £500 excess ... Quick question you may be able to help me with me bud, I have my insurance through Premium Credit (paying monthly). How does this work with starting a new insurance agreement? Remaining payment wise...

Not sure to be honest. Usually if you cancel an insurance policy you'll get back however remaining full months you have, minus an admin fee. So you'll probably have to pay a small amount to get out of it.

If you can afford to pay in full you'll find it's a lot cheaper than financing it!

 

[betty_swollox]

I would rather have aids than pay for insurance monthly


No wonder your insurance is so high.....

 

[Crafoo]

The monthly payments are obviously higher but most people don't have a spare £2k laying about, so it's not really a choice for a lot of people.

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[Jarre]

Insurance could be as much as 2x though if you pay monthly, scary stuff really!

 

[betty_swollox]

The monthly payments are obviously higher but most people don't have a spare £2k laying about, so it's not really a choice for a lot of people.

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I'd rather get a 0% credit card if that's the case.

 

[betty_swollox]

And I think you've mis read what the OP said mate, it's 2k if he pays monthly, will probs be closer to 1300 if he pays up front

 

[DanGB]

Look into a 55/06 Plate TFSI Sport also, same engine as FR TFSI, but may be cheaper?

 

[alexbeyv]

And I think you've mis read what the OP said mate, it's 2k if he pays monthly, will probs be closer to 1300 if he pays up front

Insurance is £2.3k paying upfront and £2.6k paying over 12 months. Personal preference but I'd much rather pay slightly more and pay over the term, than part with £2.3k cash for insurance!

 

[alexbeyv]

Insurance could be as much as 2x though if you pay monthly, scary stuff really!

£2.3k upfront or £2.6k monthly. Extra 300 quid to pay over the year, not THAT bad?!!!!

 

[Crafoo]

I'd rather get a 0% credit card if that's the case.

It's a good way around it, truth is though not everybody has the credit rating to be able to get one.
I've applied for things in the past with an immaculate credit rating and been turned down.

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[alexbeyv]

It's a good way around it, truth is though not everybody has the credit rating to be able to get one.
I've applied for things in the past with an immaculate credit rating and been turned down.

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As I said in my reply above, the extra £300 per annum (£2.3k to £2.6K) can be justified to pay over 12 months.

 

[Crafoo]

I'm sure it can, but the point Betty was trying make was, why not get a 0% card if you can, still pay it over 12 months and save yourself 300 in extra payments in the process.

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[betty_swollox]

Tbf that isn't a big increase tbf, I was quoted 1500 over 10 months or 1000 up front when I got my first cupra

 

[Crafoo]

I've paid monthly a couple of times, the extra has rarely been more than about £150 of the one off cost (obviously depends how much it is and the rate charged but it's not usually too bad.)

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[mike0105]

I have always paid upfront, highest premium was my first in 2007, £900 fully comp with 20k business miles. How times have changed...

It used to be the case that it was cheaper to get a loan than pay montly, but now the difference isn't so great. Would have been about 30quid more over the year.

I would just stick with 1.6 for a year (unmodified) and when you get some NCB behind you, insurance won't be so much of a problem. You got the car now, might as well enjoy it!

Don't worry about having loads of power yet either, my first car had 68bhp and was loads of fun. Used everyone of those horses all of the time and my license remained intact.

 

[NWhiteley]

£2.3k upfront or £2.6k monthly. Extra 300 quid to pay over the year, not THAT bad?!!!!

£300 extra, jesus!! thats what i pay per year for my FL Cupra. (although i am 43)

 

[kazand]

£300 extra, jesus!! thats what i pay per year for my FL Cupra. (although i am 43)

£700 and I'm a bit older ....... Postcodes!