Why are people buying expensive diesels?

Why are people buying expensive diesels?

Author
Discussion

Ares

11,000 posts

121 months

Thursday 3rd September 2015
quotequote all
matsoc said:
What I don't get is the idea that when spending £50k+ on a car the operating costs should not be considered...
You'll find that idea is almost exclusively that of those who could not spend £50k+ on a car.....and might just be the reason why! wink

Ares

11,000 posts

121 months

Thursday 3rd September 2015
quotequote all
XFR100 said:
Ares said:
Remember I said inspiring compared to a £50k+ diesel.....

But you've kind of made my point. You have to go to a car that is out of warranty, or soon will be, and rely on a used 3/6/12mth insurance backed warranty. Of the ones you mentioned, I've love a go in the Camaro but wouldn't want to own it. The S5 would be nice, but at over 3yrs old would risk bigger bills. The 135i would be a hoot, but wouldn't likewise wouldn't tempt me away.

Everyone is different.

From an ownership prospect, there isn't a car there that makes me think 'I wish I'd got that instead' (of my £50k+ diesel). For many, they would take the gamble of a 3yr+ old car, with the running costs of such, JUST so their horses were petrol powered. Each to their own! thumbup
I'm always amazed by this.....you accept loosing 7-9k/year on first 3 years on new 50k+ car, but you are afraid of potential BIG bills for repairs (and we don't talk 20 years old V12 here).....I just don't get it :-)
All cars depreciate, but that can be mitigated by removing the surprise.

My car is cost me £12k cash upfront, three years at £580, then I can ether buy the car for just over £16k or just hand it back. Beyond, there are no servicing costs, no maintenance costs, it may need a full set of tyres if I decide to switch to run-flats, if not it will likely need a set of rears. It shouldn't need brake pads or discs or any other bill beyond fuel and insurance.

I also get to run around in a brand new, list price £75k car that does everything I need it to, and more. Has a better than evens chance of being 100% reliable and gives zero worry.

Running a 3-4yr old car *might* well be cheaper for the subsequent 3 years (but also *might* not be)....but will they be any more enjoyable? I don't think any of the ones mentioned would be be more enjoyable, most would be slower, but sound better - at least from the outside.

ORD

18,120 posts

128 months

Thursday 3rd September 2015
quotequote all
Sure sure. You've chosen an extremely expensive way to drive a dull car. You're just about the only person in the world who can't see that.

Ollie123

Original Poster:

121 posts

155 months

Thursday 3rd September 2015
quotequote all
ORD said:
Sure sure. You've chosen an extremely expensive way to drive a dull car. You're just about the only person in the world who can't see that.
I remember his thread(s) (cant remember how many pages) justifying why he's bought a £52k diesel on finance to save money hehe

gizlaroc

17,251 posts

225 months

Thursday 3rd September 2015
quotequote all
Slow said:
My old Focus would do 40+ being ragged in every single gear by my 17 year old self.

Driving my Range Rover just cruising around normally would see 25ish mpg, considering there are NO motorways within 100 miles to be a motorway mpg.
Seeing this post
"E39
530d 31mpg
E46
330d 33mpg"

Correct me if im wrong but I have the same engine in the Range while being a lot heavier, automatic, shaped like a brick and 4wd?
Not sure what you are asking me?
Are you saying that you would think the 330d touring should get better than 33% more than your RR?

Not sure, the X5 with the 3.0d in it used to see 26mpg average. Calculated, not obc.

The 330d used to say 36mpg on the obc, 33 was calculated.

Have you worked out what your RR really does?

I know my old mans used to get 420-480 miles per tank, which worked out around 21mpg average, computer said 24mpg.

Slow

6,973 posts

138 months

Thursday 3rd September 2015
quotequote all
A
gizlaroc said:
Slow said:
My old Focus would do 40+ being ragged in every single gear by my 17 year old self.

Driving my Range Rover just cruising around normally would see 25ish mpg, considering there are NO motorways within 100 miles to be a motorway mpg.
Seeing this post
"E39
530d 31mpg
E46
330d 33mpg"

Correct me if im wrong but I have the same engine in the Range while being a lot heavier, automatic, shaped like a brick and 4wd?
Not sure what you are asking me?
Are you saying that you would think the 330d touring should get better than 33% more than your RR?

Not sure, the X5 with the 3.0d in it used to see 26mpg average. Calculated, not obc.

The 330d used to say 36mpg on the obc, 33 was calculated.

Have you worked out what your RR really does?

I know my old mans used to get 420-480 miles per tank, which worked out around 21mpg average, computer said 24mpg.
Saying that seems low for them. These figures were hit by topping the tank every week, roughly £100 to 500odd miles I believe.

BrownBottle

1,373 posts

137 months

Thursday 3rd September 2015
quotequote all
Slow said:
Saying that seems low for them. These figures were hit by topping the tank every week, roughly £100 to 500odd miles I believe.
gizlaroc's figures are correct, my E39 530d averages 28mpg and only goes over 30mpg if I start doing regular motorway journeys.

mondeoman

11,430 posts

267 months

Thursday 3rd September 2015
quotequote all
Slow said:
A
gizlaroc said:
Slow said:
My old Focus would do 40+ being ragged in every single gear by my 17 year old self.

Driving my Range Rover just cruising around normally would see 25ish mpg, considering there are NO motorways within 100 miles to be a motorway mpg.
Seeing this post
"E39
530d 31mpg
E46
330d 33mpg"

Correct me if im wrong but I have the same engine in the Range while being a lot heavier, automatic, shaped like a brick and 4wd?
Not sure what you are asking me?
Are you saying that you would think the 330d touring should get better than 33% more than your RR?

Not sure, the X5 with the 3.0d in it used to see 26mpg average. Calculated, not obc.

The 330d used to say 36mpg on the obc, 33 was calculated.

Have you worked out what your RR really does?

I know my old mans used to get 420-480 miles per tank, which worked out around 21mpg average, computer said 24mpg.
Saying that seems low for them. These figures were hit by topping the tank every week, roughly £100 to 500odd miles I believe.
fk me, was that all town driving with the handbrake on? Don't think I ever saw less than 40mpg out of my 330d Touring, and regularly over 42. Measured, not obc.

OldGermanHeaps

3,837 posts

179 months

Friday 4th September 2015
quotequote all
Why does it matter to anyone what others buy as their choice of car? If it bothers you buy a new one. If you cant afford a new one thats your problem, not everyone elses.

to3m

1,226 posts

171 months

Friday 4th September 2015
quotequote all
mondeoman said:
fk me, was that all town driving with the handbrake on? Don't think I ever saw less than 40mpg out of my 330d Touring, and regularly over 42. Measured, not obc.
It's not implausible. Over 4.5 years I've had an average of 34mpg from my 330d. Mainly short trips of 4-6 miles, mostly stop-start town driving at an average speed of 16-17mph, and hills everywhere (I live in Sheffield). 29-31mpg is usual, but worse or better is possible. (The average comes from the occasional long motorway journey.)

This is the 184hp engine, though. Maybe you'd get better efficiency from the newer one.

When I was planning for expected fuel costs I assumed 20mpg from a 330i, but perhaps I was being pessimistic.

daemon

35,842 posts

198 months

Friday 4th September 2015
quotequote all
OldGermanHeaps said:
Why does it matter to anyone what others buy as their choice of car? If it bothers you buy a new one. If you cant afford a new one thats your problem, not everyone elses.
It seems some people have an extremely subjective outlook - "i believe my way is best for me, therefore my way is best for everybody and anyone who doesnt do that is clearly a fool"

beanbag

7,346 posts

242 months

Friday 4th September 2015
quotequote all
daemon said:
OldGermanHeaps said:
Why does it matter to anyone what others buy as their choice of car? If it bothers you buy a new one. If you cant afford a new one thats your problem, not everyone elses.
It seems some people have an extremely subjective outlook - "i believe my way is best for me, therefore my way is best for everybody and anyone who doesnt do that is clearly a fool"
It's more of a case of diesel owners tend to enjoy what they have a keep quiet, and so called "petrolheads" feel its their place to berate them and their purchases.

However a true "petrolhead" would be able to genuinely admire any car for what it is, and have the manners to keep their beaks shut if they feel it's a bag of ste.

anonymous-user

55 months

Friday 4th September 2015
quotequote all
Ares said:
You'll find that idea is almost exclusively that of those who could not spend £50k+ on a car.....and might just be the reason why! wink
But 99% of them are on finance wink

It would be complete madness to take £50K out of your bank account and drop it on a new car.

daemon

35,842 posts

198 months

Friday 4th September 2015
quotequote all
beanbag said:
daemon said:
OldGermanHeaps said:
Why does it matter to anyone what others buy as their choice of car? If it bothers you buy a new one. If you cant afford a new one thats your problem, not everyone elses.
It seems some people have an extremely subjective outlook - "i believe my way is best for me, therefore my way is best for everybody and anyone who doesnt do that is clearly a fool"
It's more of a case of diesel owners tend to enjoy what they have a keep quiet, and so called "petrolheads" feel its their place to berate them and their purchases.

However a true "petrolhead" would be able to genuinely admire any car for what it is, and have the manners to keep their beaks shut if they feel it's a bag of ste.
I think diesel owners are more likely to be objective about what they have chosen, whereas there are some petrol owners who just cant accept that, even if in some cases they drive a fairly naff car themselves.

Its the same on the finance debates - granted there are some who spend tens of thousands of their own hard earned on a car, but most cash buyers are spending relatively small amounts - but then seem to think its ok to berate others who use finance to get into something new.

There was a thread on moneysavingexpert a while ago about finance on new cars and some bloke was really having a go "stupid, no money sense, keeping up with the jones, cant afford to put fuel in it", etc, etc. Turns out he drove an £800 Vectra and had some menial job. Of interest no one with a car on finance or otherwise was berating him for driving a relatively naff old car and having a crap job, but he felt it ok to berate others who made different choices to him.


Edited by daemon on Friday 4th September 09:56

daemon

35,842 posts

198 months

Friday 4th September 2015
quotequote all
yonex said:
Ares said:
You'll find that idea is almost exclusively that of those who could not spend £50k+ on a car.....and might just be the reason why! wink
But 99% of them are on finance wink

It would be complete madness to take £50K out of your bank account and drop it on a new car.
I guess there are rare exceptions where people may want to do that, and certainly there are £50K cars that you could buy that would have manageable depreciation (though most likely used) but your average £50K Merc, Audi or BMW is going to drop in value like snow off a ditch, so ultimately £XXX per month is more palatable than "great news - that £50K car you bought from us three years ago is now worth... £18K!"

MattHall91

1,268 posts

125 months

Friday 4th September 2015
quotequote all
daemon said:
yonex said:
Ares said:
You'll find that idea is almost exclusively that of those who could not spend £50k+ on a car.....and might just be the reason why! wink
But 99% of them are on finance wink

It would be complete madness to take £50K out of your bank account and drop it on a new car.
I guess there are rare exceptions where people may want to do that, and certainly there are £50K cars that you could buy that would have manageable depreciation (though most likely used) but your average £50K Merc, Audi or BMW is going to drop in value like snow off a ditch, so ultimately £XXX per month is more palatable than "great news - that £50K car you bought from us three years ago is now worth... £18K!"
As a mate who used to work for a broker once said to me:

"If you buy a new car, you are going to lose your shirt. The question is, how do you want to lose it. Take it off now or lose one thread at a time?"

daemon

35,842 posts

198 months

Friday 4th September 2015
quotequote all
MattHall91 said:
daemon said:
yonex said:
Ares said:
You'll find that idea is almost exclusively that of those who could not spend £50k+ on a car.....and might just be the reason why! wink
But 99% of them are on finance wink

It would be complete madness to take £50K out of your bank account and drop it on a new car.
I guess there are rare exceptions where people may want to do that, and certainly there are £50K cars that you could buy that would have manageable depreciation (though most likely used) but your average £50K Merc, Audi or BMW is going to drop in value like snow off a ditch, so ultimately £XXX per month is more palatable than "great news - that £50K car you bought from us three years ago is now worth... £18K!"
As a mate who used to work for a broker once said to me:

"If you buy a new car, you are going to lose your shirt. The question is, how do you want to lose it. Take it off now or lose one thread at a time?"
Very true.

hornetrider

63,161 posts

206 months

Friday 4th September 2015
quotequote all
Ares said:
hornetrider said:
Ares said:
But is a £20/25k petrol really going to be that inspiring compared to a £50k+ diesel?
What a dull life you lead if you can't think of a nice petrol engine to drive for around 25k hehe

None of these are that old, lots have manufacturer warranty too when you buy approved. I've gone from truly desireable to pretty sensible - and all with a nice big multi-cylinder mill under the bonnet. Go ahead and look at them all, it's an eclectic mix so there's plenty of choice!

http://www.autotrader.co.uk/classified/advert/2015... - Infinity FX50

http://www.autotrader.co.uk/classified/advert/2015... - Camaro 6.2 V8

http://www.autotrader.co.uk/classified/advert/2015... - S5

http://www.autotrader.co.uk/classified/advert/2015... - Z4 S-Drive M-Sport

http://www.autotrader.co.uk/classified/advert/2015... - Tasty M135i

http://www.autotrader.co.uk/classified/advert/2015... - C350 AMG

http://www.autotrader.co.uk/classified/advert/2015... - Skoda Superb V6

Edited by hornetrider on Thursday 3rd September 10:40
Remember I said inspiring compared to a £50k+ diesel.....
If you don't prefer any of those (except perhaps the Skoda) over a 50k diesel then there's nothing I can say that can help you! hehe

Ares said:
All cars depreciate, but that can be mitigated by removing the surprise.
Yes, but brand new cars depreciate more than slightly older ones. Simple economics.

Ares said:
My car is cost me £12k cash upfront, three years at £580, then I can ether buy the car for just over £16k or just hand it back. Beyond, there are no servicing costs, no maintenance costs, it may need a full set of tyres if I decide to switch to run-flats, if not it will likely need a set of rears. It shouldn't need brake pads or discs or any other bill beyond fuel and insurance.

I also get to run around in a brand new, list price £75k car that does everything I need it to, and more. Has a better than evens chance of being 100% reliable and gives zero worry.
So if you buy your car outright it'll be 48k total outlay for your '75k' car. What is it out of interest, that's some hefty discount. There's some argument that it was never a 75k car if they are punting them out for sub 50k anyway but we don't need to argue that point. If you don't buy it outright it will be 32k for 3 years motoring in a diesel and you'll have nothing to show for it at the end, right?

Ares said:
Running a 3-4yr old car *might* well be cheaper for the subsequent 3 years (but also *might* not be)....but will they be any more enjoyable? I don't think any of the ones mentioned would be be more enjoyable, most would be slower, but sound better - at least from the outside.
I'd imagine all the cars I've listed about would depreciate at worst 12k over a three year period, meaning three years motoring would have cost you 12/13k plus additional fuel and manufacturer extended warranty costs. The BMWs will cost you about 600 a year so lets call warranty costs over that period as 2k. Hell, lets bump it to 3k for the sake of it. let's be ultra pessimistic and say 200 a month worse on fuel. It's fag packet but hell lets go with it.

Let's summarise those costs then.

Diesel for 3 years - 32k cost.

Petrol as above based on a 25k motor:

13k depreciation
3k warranty
7k extra fuel

Total cost - 23k.

scratchchin

Now, obviously you won't be able to tell your neighbours your car is 'worth' 75k with it's shiny new plate but at the same time you wouldn't have to drive around in a dirty diesel either hehe

Ollie123 said:
ORD said:
Sure sure. You've chosen an extremely expensive way to drive a dull car. You're just about the only person in the world who can't see that.
I remember his thread(s) (cant remember how many pages) justifying why he's bought a £52k diesel on finance to save money hehe
Exactly hehe



anonymous-user

55 months

Friday 4th September 2015
quotequote all
daemon said:
I guess there are rare exceptions where people may want to do that, and certainly there are £50K cars that you could buy that would have manageable depreciation (though most likely used) but your average £50K Merc, Audi or BMW is going to drop in value like snow off a ditch, so ultimately £XXX per month is more palatable than "great news - that £50K car you bought from us three years ago is now worth... £18K!"
But if you are using the cash to offset a mortgage or prop other savings up...

hornetrider

63,161 posts

206 months

Friday 4th September 2015
quotequote all
Ares said:
My car is cost me £12k cash upfront, three years at £580, then I can ether buy the car for just over £16k or just hand it back. Beyond, there are no servicing costs, no maintenance costs, it may need a full set of tyres if I decide to switch to run-flats, if not it will likely need a set of rears. It shouldn't need brake pads or discs or any other bill beyond fuel and insurance.

I also get to run around in a brand new, list price £75k car that does everything I need it to, and more. Has a better than evens chance of being 100% reliable and gives zero worry.
Actually just a thought - those are PCP figures right? Why on earth didn't you lease?! Those costs are insane for a brand new GC.