RE: The £17K Ferrari? I bought it...
Discussion
The Mondeo/Fiesta though costs £200/month. The Fez cost £17k up front. Then it might hit you with a £5k bill. £200/month is a hell of a lot more affordable to a lot more people than 20 odd grand in the bank account. Wives also tend to object to said money leaving the account.
Before the "but you will lose it on depreciation anyway" theorists reply, take note...voice of experience talking.
Before the "but you will lose it on depreciation anyway" theorists reply, take note...voice of experience talking.
cjb1 said:
Governator needs to get out and live a little! A Fezzer for Mondeo money? If it's a weekend sunny day and high day car you can't go wrong, if it's your everyday smoker then don't do it!! I with Mr Flatline on this one
Get out and live a litte? I think you'll find if you have a look at only some of the previous cars I've owned that I've done my fare share of living thanks flatline84 said:
For like - a ferrari? 
I wasn't saying I would rather buy a Fiesta either, I was just trying unsuccessfully it seems to describe why the majority of people would choose a Fiesta over a Ferrari, i.e. that a fixed monthly cost for a new econobox is a lot less financially risky\manegeable to the majority of people then a punt on a £17k Ferrari, yes even despite the savage depreciation on a Fiesta as this isn't seen as a tangible cost.
I am not sure why a large proportion of the car buying public see it that way and it's certainly not the way I make my car buying purchases but this is the reality, otherwise you'd see a lot more people driving around in old Ferrari's rather than in 12 plate Fiesta's.
point taken! That's me told then! My lad works for a Ford Dealership, I wouldn't drive around in even a tangible Ford Fiesta! I am very fortunate to have the use of a fairly high level of company car which enables me to have the pleasure of owning a new Mondeo priced '88 Porsche 911. I keep it quiet from neighbours as I know that they would brand me a flash git which is ridiculous as their modern 'econoboxes' are probably a greater cost bear than my old classic but try telling them that. The guy that's bought the £17k Ferrari is a hero in my opinion. Have a nice day guvenor.;)
Guvernator said:
Get out and live a litte? I think you'll find if you have a look at only some of the previous cars I've owned that I've done my fare share of living thanks
I wasn't saying I would rather buy a Fiesta either, I was just trying unsuccessfully it seems to describe why the majority of people would choose a Fiesta over a Ferrari, i.e. that a fixed monthly cost for a new econobox is a lot less financially risky\manegeable to the majority of people then a punt on a £17k Ferrari, yes even despite the savage depreciation on a Fiesta as this isn't seen as a tangible cost.
I am not sure why a large proportion of the car buying public see it that way and it's certainly not the way I make my car buying purchases but this is the reality, otherwise you'd see a lot more people driving around in old Ferrari's rather than in 12 plate Fiesta's.
I wasn't saying I would rather buy a Fiesta either, I was just trying unsuccessfully it seems to describe why the majority of people would choose a Fiesta over a Ferrari, i.e. that a fixed monthly cost for a new econobox is a lot less financially risky\manegeable to the majority of people then a punt on a £17k Ferrari, yes even despite the savage depreciation on a Fiesta as this isn't seen as a tangible cost.
I am not sure why a large proportion of the car buying public see it that way and it's certainly not the way I make my car buying purchases but this is the reality, otherwise you'd see a lot more people driving around in old Ferrari's rather than in 12 plate Fiesta's.
No worries, thanks 
To be honest my ideal car would a Porsche 993 or late NSX, both cars which while having the potential for some big bills, make up for it in the fact that you will not loose any money come resale time. Unfortuantely they have both gone the other way in the last few years and have started to rise massively in price.
I suspect this 456 has also bottomed out, wonder if it's got what it takes to become a future classic and start rising again? Might make the cost of ownership more swallowable.
To be honest my ideal car would a Porsche 993 or late NSX, both cars which while having the potential for some big bills, make up for it in the fact that you will not loose any money come resale time. Unfortuantely they have both gone the other way in the last few years and have started to rise massively in price.
I suspect this 456 has also bottomed out, wonder if it's got what it takes to become a future classic and start rising again? Might make the cost of ownership more swallowable.
I can't help thinking that if you buy the right 911 (good history etc) the idea of high running costs is a bit mis-conceived. I'm on my second 911 and can honestly say that they are fairly robust providing you buy sensibly. The current one ('88 3.2 Coupé sport) has a strong history though it's covered in excess of 100k miles. In the 4 years I've had it it's cost me modest amounts of money having been serviced at classic car specialists experienced in 911's, Mobil One and filters, brake pads and an RME Relay at 25 quid. Buy a low purchase price bucket of trouble and it will cost an arm and a leg, swings and roundabouts. The point is that the man in the street shouldn't get the idea in his head that every exotic classic is necessarily going to ruin him financially.
Guvernator said:
No worries, thanks
To be honest my ideal car would a Porsche 993 or late NSX, both cars which while having the potential for some big bills, make up for it in the fact that you will not loose any money come resale time. Unfortuantely they have both gone the other way in the last few years and have started to rise massively in price.
I suspect this 456 has also bottomed out, wonder if it's got what it takes to become a future classic and start rising again? Might make the cost of ownership more swallowable.
To be honest my ideal car would a Porsche 993 or late NSX, both cars which while having the potential for some big bills, make up for it in the fact that you will not loose any money come resale time. Unfortuantely they have both gone the other way in the last few years and have started to rise massively in price.
I suspect this 456 has also bottomed out, wonder if it's got what it takes to become a future classic and start rising again? Might make the cost of ownership more swallowable.
Can we stop with the £200 per month analogy please? That works out at £12000 over 5 years, which would be just £10000 borrowed if you assumed a low interest rate of 4% base over 5 years. A more typical car loan rate of 6% base on a used vehicle would work out at around £368 per month for £17000 borrowed, not including arrangement and other fees that may be payable.
cjb1 said:
I can't help thinking that if you buy the right 911 (good history etc) the idea of high running costs is a bit mis-conceived. I'm on my second 911 and can honestly say that they are fairly robust providing you buy sensibly. The current one ('88 3.2 Coupé sport) has a strong history though it's covered in excess of 100k miles. In the 4 years I've had it it's cost me modest amounts of money having been serviced at classic car specialists experienced in 911's, Mobil One and filters, brake pads and an RME Relay at 25 quid. Buy a low purchase price bucket of trouble and it will cost an arm and a leg, swings and roundabouts. The point is that the man in the street shouldn't get the idea in his head that every exotic classic is necessarily going to ruin him financially.
When I looked into 85 to 89' year 911's they seemed to range from 7K to 17K. The trouble was telling them apart, pushing 30 faults are to be expected. Even the car I was really keen on (inches of paperwork, 3 owners, original receipt, club member's car with show and magazine history) in the specialist dealers on inspection seemed to have hidden problems that they appear to have been caught out with. Gassing Station | General Gassing | Top of Page | What's New | My Stuff