The hosts, Alex, Jack, and Ethan, are on a mission to find the perfect first car for a 21-year-old on a budget of £2,000, including insurance and tax. They start by researching cars and eventually narrow down their options to a few models, including a Peugeot 106. They contact the seller, Ben, and negotiate a price of £450 for the car. After inspecting the car, they decide to purchase it and spend a total of £1,656.88, including insurance and tax. They then make some modifications to the car, staying within their budget, and end up with a total spend of £1,770.24, leaving them with £229.76 for fuel, lunch, and other expenses. The hosts reflect on their experience and discuss the pros and cons of their purchase.
Here are the key facts extracted from the text:
1. The budget for the car is £2,000.
2. The car needs to include insurance and tax.
3. The group is looking for a car that is 10-15 years old.
4. They are searching for cars on Gumtree and Autotrader.
5. The group is trying to find a car that is "sick", meaning cool or desirable.
6. They are considering a Peugeot 106 as an option.
7. The Peugeot 106 has a low insurance group rating.
8. The group is also considering a Volkswagen Polo.
9. The Peugeot 106 is available for £450.
10. The group decides to buy the Peugeot 106.
11. The car is taxed for £88.
12. The total cost of the car, including tax, is £1,656.88.
13. The group spends £113.36 on modifications for the car.
14. The total cost of the car, modifications, and tax is £1,770.24.
15. The group has £229.76 left over from their budget of £2,000.
16. The group decides to use the leftover money for fuel, lunch, and other expenses.