House affordability
Discussion
drainbrain said:
Generally - (ok, PH scrooges excepted, because a PH scrooge always buys a concourse condition minter for a monkey plus uses his F1 pit&shed-honed super skills to keep it better than new for at least 250000 miles) - as they get older they get needier. Like houses. Or pets. Or people.
Which is why fleets and renters are renewed at 3 years and why many/most/all business types chop in their lease when the first MoT's due. The bills start getting more regular y'see. They become not-cost-effective. Not to mention age related stuff like timing belts etc etc.
It's also why MoTs are after 3 years of age, not 13.
A supercar is considerably cheaper to maintain than a banger.
Has anyone got a 'not sure if serious' meme handy?Which is why fleets and renters are renewed at 3 years and why many/most/all business types chop in their lease when the first MoT's due. The bills start getting more regular y'see. They become not-cost-effective. Not to mention age related stuff like timing belts etc etc.
It's also why MoTs are after 3 years of age, not 13.
A supercar is considerably cheaper to maintain than a banger.
"A supercar is considerably cheaper to maintain than a banger." - that's the most ridiculous thing I've read on here for some time, which makes me think you are just trolling?
mackay45 said:
Has anyone got a 'not sure if serious' meme handy?
"A supercar is considerably cheaper to maintain than a banger." - that's the most ridiculous thing I've read on here for some time, which makes me think you are just trolling?
His username seems apt."A supercar is considerably cheaper to maintain than a banger." - that's the most ridiculous thing I've read on here for some time, which makes me think you are just trolling?
What is economically viable for a 'fleet' of vehicles (clue in the name) isn't quite the same as one vehicle.
nitrodave said:
……..A true car person…..
Now there's an image an elitist stereotyper could spend an afternoon or two translating into a graphic.Would, for example, Enzo Ferrari be even close to fitting that 'true car person' bill?
Wonder how many bangers he spent his weekends rolling around on a wet street repairing to keep running?
What a (or any) true car person wants is a better car, whatever they drive. Forcing yourself to drive a shyte one to live in a slightly less shyte house is what a truly uninterested in cars person does.
mackay45 said:
Has anyone got a 'not sure if serious' meme handy?
"A supercar is considerably cheaper to maintain than a banger." - that's the most ridiculous thing I've read on here for some time, which makes me think you are just trolling?
Mackay, how much do you think a new Ferrari 458 doing 4k miles a year cost to maintain over 3 years? "A supercar is considerably cheaper to maintain than a banger." - that's the most ridiculous thing I've read on here for some time, which makes me think you are just trolling?
Just guess.
I'm sure as a 'true car person' you could at least make a stab at it, assuming you'd class 458 as a supercar.
okgo said:
mackay45 said:
Has anyone got a 'not sure if serious' meme handy?
"A supercar is considerably cheaper to maintain than a banger." - that's the most ridiculous thing I've read on here for some time, which makes me think you are just trolling?
His username seems apt."A supercar is considerably cheaper to maintain than a banger." - that's the most ridiculous thing I've read on here for some time, which makes me think you are just trolling?
What is economically viable for a 'fleet' of vehicles (clue in the name) isn't quite the same as one vehicle.
Edited by drainbrain on Thursday 28th July 15:14
k wears a suit to work anyway.drainbrain said:
What a (or any) true car person wants is a better car, whatever they drive. Forcing yourself to drive a shyte one to live in a slightly less shyte house is what a truly uninterested in cars person does.
Not always, you're wrong. I am buying a house right now and happily sold my £12k BMW to help towards it. I now run a £1k saab which is perfectly fine for now.Sure I loved the BMW, but a better house and a lesser car is more important to me right now. I know that I can go buy another car in a year or so if I wanted.
Let me guess, you rent a 2 bed flat have a nearly new car in finance?
Ozzie Osmond said:
okgo said:
His username seems apt.
Quite.Which has higher running costs over 3 years?
A 10 year old Ford Gremlin, or a brand spanking Ferrari doing 4k a year road miles?
Don't shy out on me here. Remember I'm the brainless troll…...
XMT said:
the majority of my generation in general wants a job they love, lots of money from it, high standard of living but pay F all in tax. They just think everything is a God given right, no its not, get lost and work for it and save up.
And so everyone should want those things.But as you say, its all about the game plan to achieve said things as they don't fall from the sky (*caveats apply to those born with rich parents, lottery winners and footballers).
nitrodave said:
drainbrain said:
What a (or any) true car person wants is a better car, whatever they drive. Forcing yourself to drive a shyte one to live in a slightly less shyte house is what a truly uninterested in cars person does.
Not always, you're wrong. I am buying a house right now and happily sold my £12k BMW to help towards it. I now run a £1k saab which is perfectly fine for now.Sure I loved the BMW, but a better house and a lesser car is more important to me right now. I know that I can go buy another car in a year or so if I wanted.
Let me guess, you rent a 2 bed flat have a nearly new car in finance?
Your guess is actually pretty damn close. I rented a 2 bed this very day. And I also have a recently taken 3 year deal on a 16 plate. (Probably not exactly the way you're thinking, tho).
nitrodave said:
drainbrain said:
What a (or any) true car person wants is a better car, whatever they drive. Forcing yourself to drive a shyte one to live in a slightly less shyte house is what a truly uninterested in cars person does.
Not always, you're wrong. I am buying a house right now and happily sold my £12k BMW to help towards it. I now run a £1k saab which is perfectly fine for now. For the next 2 years I drove a Ford Probe.
If I had died at 23 I would have asked for a refund on life.
In fact, I did almost die. Of shame.
drainbrain said:
Ok bright chaps….let's hear your guesses.
Which has higher running costs over 3 years?
A 10 year old Ford Gremlin, or a brand spanking Ferrari doing 4k a year road miles?
Don't shy out on me here. Remember I'm the brainless troll…...
I'd guess the Ferrari is about a grand a year on servicing alone, assuming no issues. A 10 year old ford might be £150 every couple of years at that mileage.Which has higher running costs over 3 years?
A 10 year old Ford Gremlin, or a brand spanking Ferrari doing 4k a year road miles?
Don't shy out on me here. Remember I'm the brainless troll…...
So the answer is the Ferrari.
What do I win?
okgo said:
drainbrain said:
Ok bright chaps….let's hear your guesses.
Which has higher running costs over 3 years?
A 10 year old Ford Gremlin, or a brand spanking Ferrari doing 4k a year road miles?
Don't shy out on me here. Remember I'm the brainless troll…...
The Ferrari.Which has higher running costs over 3 years?
A 10 year old Ford Gremlin, or a brand spanking Ferrari doing 4k a year road miles?
Don't shy out on me here. Remember I'm the brainless troll…...
HTH.
What exactly is it that you think you'd have to buy for the brand new Ferrari which ran for 3 years doing 4k road miles a year?
This is quite interesting, so do reply…..assuming you're a "true car guy" and not just a braindead troll (like me) or a 14 year old Walt.
wiggy001 said:
drainbrain said:
Ok bright chaps….let's hear your guesses.
Which has higher running costs over 3 years?
A 10 year old Ford Gremlin, or a brand spanking Ferrari doing 4k a year road miles?
Don't shy out on me here. Remember I'm the brainless troll…...
I'd guess the Ferrari is about a grand a year on servicing alone, assuming no issues. A 10 year old ford might be £150 every couple of years at that mileage.Which has higher running costs over 3 years?
A 10 year old Ford Gremlin, or a brand spanking Ferrari doing 4k a year road miles?
Don't shy out on me here. Remember I'm the brainless troll…...
So the answer is the Ferrari.
What do I win?
Also. Do you think you'd get away with £75 a year on the 10yo Ford?
Ozzy…..you've gone quiet….tell him why he's being silly….
drainbrain said:
What you're saying is that on your priority list, you'll sell a car you love to have more money to spend on a house. So do you love houses more than cars? Why else would you prioritise your money choice the way you have?
Your guess is actually pretty damn close. I rented a 2 bed this very day. And I also have a recently taken 3 year deal on a 16 plate. (Probably not exactly the way you're thinking, tho).
Right now, indeed, the house is far more important to me as once I'm in, I'll be there for 10 years+. I love cars and know that very soon after I move I can get another awesome car to enjoy. If anything I can get something better than I had as I won't be living in the inner city and have to make a sacrifice, I will have a garage and get something ridiculous, tuck it away out of sight and not have to worry about it.Your guess is actually pretty damn close. I rented a 2 bed this very day. And I also have a recently taken 3 year deal on a 16 plate. (Probably not exactly the way you're thinking, tho).
I think the point here is the OP was stating his friends are buying a £60k shed of a house whilst carrying loads of debt, having a car on finance and planning on getting another car on finance before they buy a house. If they cleared the monthly payments from the debt and cars they could afford a much better home.
And fair play to you for being honest. Right now I am sure a 16 plate car is what you want and a 2 bed flat will do you just fine, that's the stage in life you are at. I've been there too. Give it a few years with kids on the horizon and a family to support and your priorities will change
swerni said:
drainbrain said:
Ozzie Osmond said:
okgo said:
His username seems apt.
Quite.Which has higher running costs over 3 years?
A 10 year old Ford Gremlin, or a brand spanking Ferrari doing 4k a year road miles?
Don't shy out on me here. Remember I'm the brainless troll…...
First year tax £1150
VED £500 per year
Insurance
Tyres
Depreciation
Opportunity cost of cash sitting in the car
Despite the service costs being negligible, the running cost will be high
Compared to running an old ford, the costs will be very high
The only one I'll grant you off that clearly non- maintenance list up there is the road tax and even that's refundable if it's sorned October to April or garage queened 11 months a year apart from its annual 4k run to Puerto Banus and back.
Who do you think pays higher insurance? A smartass old age duffer with a hundred years of NCB and the car in an alarmed garage in the suburbs and the car part of a multi car deal, or a young first time buyer with the banger parked on the downmarket street?
Tyres? I changed 1 rear in 3 years. ( Surprisingly cheap at under £200 inc fit. £180 from memory).
Depreciation isn't a running cost, nor is opportunity cost a running cost. DEFINITELY cheating with those!
Good answer, tho. Because as I suspect you're very well aware, keeping bangers running (i.e. working) isn't far from the cost effectiveness of motorsport as a hobby.
Gassing Station | Finance | Top of Page | What's New | My Stuff