Crazy car swap.
Discussion
I will shortly be moving house, so Ill need a bit more cash to pay off the mega mortgage. I could actually just afford to keep my Evo 4 (which I love) but it would be kind of hard to justify the expense (insurance, fuel & mandatory servicing) & depreciation.
I was thinking of just selling it, and getting a sub £1K car, and just blitzing the mortgage.
Car wise I was thinking of a Jag XJ40, which can be had for less than a grand, and yet still has a bit of power and style, even if it is a barge.
What does anyone think of this, am I completely off my head, or is this a resonable idea?
Philip.
I was thinking of just selling it, and getting a sub £1K car, and just blitzing the mortgage.
Car wise I was thinking of a Jag XJ40, which can be had for less than a grand, and yet still has a bit of power and style, even if it is a barge.
What does anyone think of this, am I completely off my head, or is this a resonable idea?
Philip.
Simple fact: You will never save money by running a classic car as an everyday.
I have been doing it for over two years so i know - and i would say mine has been nothing but reliable either...
On the plus side, most classics are bonkers fun and a nice driving experience compared to overly moddy-coddlin' new cars.
If you are trying to save money i wouldn't recommend it. I am trying to save money too, but realising i should have sold my P&J first
I have been doing it for over two years so i know - and i would say mine has been nothing but reliable either...
On the plus side, most classics are bonkers fun and a nice driving experience compared to overly moddy-coddlin' new cars.
If you are trying to save money i wouldn't recommend it. I am trying to save money too, but realising i should have sold my P&J first
Mr E said:
Damn this Jaguar computer!
Was an atari console, was it not?
Mate of mine runs an Inspectior Morse Jag (XK120?). It's lurrrvly.
But then he also has a 91 mini cooper, and about 5 beetles in various states of disrepair, so he's pretty much howling at the moon.....
Morse ran a Mark II Jag.
How about an E30 BMW ... say a 325i?
I'm kinda with you on this one. At the end of the day the mortgage is more important and those Jags are quite charming. Get third party insurance and if the car goes horribly wrong, buy another one.
Other options are a 5 or 7 Series or a Merc SE/L, but I'd opt for the Jag personally.
Just think how much the extra equity will save you in the long term in interest and payments alone, aside from the depreciation/ insurance/ maintenance.
*awaitsbeingthrowntothelions*
Other options are a 5 or 7 Series or a Merc SE/L, but I'd opt for the Jag personally.
Just think how much the extra equity will save you in the long term in interest and payments alone, aside from the depreciation/ insurance/ maintenance.
*awaitsbeingthrowntothelions*
A long, long time ago, I can still remember how the big cats used to make me smile
And I knew if I had the chance that I could make a Jaguar dance and maybe I'd be happy for a while
But a guy I know had the same idea, he bought a 2 point 9 l-itre
Bad news on the doorstep, he couldn't drive one more step
I can't remember if he cried when he told of how the dealer lied
Something touched his wallet inside
The day the fuel expired
He started singing:
16 lousy mpg
On a good day
Sometimes it can even be 3
I can't afford to fill the tank
So I'm off upstairs to have a quick....think.
And I knew if I had the chance that I could make a Jaguar dance and maybe I'd be happy for a while
But a guy I know had the same idea, he bought a 2 point 9 l-itre
Bad news on the doorstep, he couldn't drive one more step
I can't remember if he cried when he told of how the dealer lied
Something touched his wallet inside
The day the fuel expired
He started singing:
16 lousy mpg
On a good day
Sometimes it can even be 3
I can't afford to fill the tank
So I'm off upstairs to have a quick....think.
Ex29 The actor Robert Morley made this statement,
" To die in credit is an indulgence"
Life is short, often full of problems, linked by the occasional moments of happiness, enjoy these when you can and dont leave the taxman a fully paid up estate that he can steal from your loved ones.
Inheritance tax and stamp duty is one of the Govenments biggest money spinners, with mortgage rates in the low regions, it's cheap money compared with the tax to be paid on death duties, so if rates stay lowish, keep the car
.... if they rise past say 7%(unlikely) then think again, stay flexable.
I ran a 1994 XJ12 for a while and these are my thoughts on Jag ownership.
The interior was just superb, plenty of wood and leather, it was a great place for a relaxing cruise. The power of the V12 was just immense, it allowed ample of power for overtaking and the noise was superb. MPG a bit dodgy though.
I found plenty of people around to sort out the problems and never really had any big bills. Biggest bill was when I replaced the old self levelling springs for conventional shocks and springs and the ride was as I'd always expected, carpet smooth, cost £400 quid including the kit. Never take it to a JAG dealer for a service at upwards of £60 an hour you could end paying £300-£400 for a simple service.
Electrics were always the bug bear. Mine was one of the latest cars before the swap to the X300 model so electrical gremlins were pretty well sorted, but older XJ40s reportedly could be nightmarish. As you say its an attractive propersition BUT, if anything on the engine side or body goes pearshaped you could easily be looking at more money to repair than the cars worth.
An Audi 90, BMW 325i or C190 merc sounds interesting and with the proven mechanicals and galvanised bodies these should last.
Good luck in your search.
The interior was just superb, plenty of wood and leather, it was a great place for a relaxing cruise. The power of the V12 was just immense, it allowed ample of power for overtaking and the noise was superb. MPG a bit dodgy though.
I found plenty of people around to sort out the problems and never really had any big bills. Biggest bill was when I replaced the old self levelling springs for conventional shocks and springs and the ride was as I'd always expected, carpet smooth, cost £400 quid including the kit. Never take it to a JAG dealer for a service at upwards of £60 an hour you could end paying £300-£400 for a simple service.
Electrics were always the bug bear. Mine was one of the latest cars before the swap to the X300 model so electrical gremlins were pretty well sorted, but older XJ40s reportedly could be nightmarish. As you say its an attractive propersition BUT, if anything on the engine side or body goes pearshaped you could easily be looking at more money to repair than the cars worth.
An Audi 90, BMW 325i or C190 merc sounds interesting and with the proven mechanicals and galvanised bodies these should last.
Good luck in your search.
I remember having a 'heated debate' 
with a tosspot I used to work with....he claimed that the ONLY reason people buy classic cars is because they can't afford a new one! 
His daily drive being a gorgeous VW Jetta 
In the first few years of ownership I must have spent about 3K per year in maintenence alone. Its much cheaper to run these days because practically every component you can think of had to be replaced with new. Classics cars can be a bottomless moneypit...but worth it.
>> Edited by se6b on Monday 14th June 15:14
with a tosspot I used to work with....he claimed that the ONLY reason people buy classic cars is because they can't afford a new one! His daily drive being a gorgeous VW Jetta In the first few years of ownership I must have spent about 3K per year in maintenence alone. Its much cheaper to run these days because practically every component you can think of had to be replaced with new. Classics cars can be a bottomless moneypit...but worth it.
>> Edited by se6b on Monday 14th June 15:14
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