Can I afford to run these cars?
Discussion
If it helps, I can get you a Fiesta for way less then 1500/mth. Say about £1200/mth over 5 years. Plus £195 admin fee natch.
Seriously, there are lots of threads on here regarding running costs. And while I would not recommned running an old Aston on a budget, a newer one can (DB9???)
And if you are not sure, then go for it. If the greenies have their way we wont be allowed to drive good cars like those listed, spo if you can, do it.
M3? M5? Covette? XK or XKR?? Ooooh, the list is soooo long.
Seriously, there are lots of threads on here regarding running costs. And while I would not recommned running an old Aston on a budget, a newer one can (DB9???)
And if you are not sure, then go for it. If the greenies have their way we wont be allowed to drive good cars like those listed, spo if you can, do it.
M3? M5? Covette? XK or XKR?? Ooooh, the list is soooo long.
To be honest I'd agree with the above, £40k on a car with those earnings will probably be a bit of a push IMO. If it breaks you'll struggle to pay to fix it and begrudge the car, if other unexpected bills\outgoings come up you'll struggle and begrudge the car. If you end up in a situation where you are struggling financially because of the car you will start to resent it and it WILL sour the ownership experience.
Perhaps it might be better to set your sights a bit lower. You can get an unsecured loan for anything up to £25k for very reasonable interest rates these days and pay it back early with no penalties which gives you a lot of flexibility. Chuck in a few K of your own money if you wish, you'll still get a very nice car for that sort of budget without breaking the bank.
Perhaps it might be better to set your sights a bit lower. You can get an unsecured loan for anything up to £25k for very reasonable interest rates these days and pay it back early with no penalties which gives you a lot of flexibility. Chuck in a few K of your own money if you wish, you'll still get a very nice car for that sort of budget without breaking the bank.
iphonedyou said:
SuperchargedVR6 said:
Care to elaborate?
He's one of our resident trolls. He earns 'six figs' and could buy The Shard without resorting to finance like plebs would. His current account statement would make Qatar's sovereign wealth fund look like my bank account a week from payday.iphonedyou said:
SuperchargedVR6 said:
Care to elaborate?
He's one of our resident trolls. He earns 'six figs' and could buy The Shard without resorting to finance like plebs would. His current account statement would make Qatar's sovereign wealth fund look like my bank account a week from payday.
I didn't notice the low post count either, tsk. It's late in the day.I did initially think £42K PA, 30 years old and R8/Bentley/Maserati smelled a bit fishy!
SuperchargedVR6 said:
Ah OK, thanks for clearing that up. We need a troll list for less frequent visitors I didn't notice the low post count either, tsk. It's late in the day.
I did initially think £42K PA, 30 years old and R8/Bentley/Maserati smelled a bit fishy!
I was referring to audemars, not the OP! I didn't notice the low post count either, tsk. It's late in the day.I did initially think £42K PA, 30 years old and R8/Bentley/Maserati smelled a bit fishy!
SuperchargedVR6 said:
iphonedyou said:
SuperchargedVR6 said:
Care to elaborate?
He's one of our resident trolls. He earns 'six figs' and could buy The Shard without resorting to finance like plebs would. His current account statement would make Qatar's sovereign wealth fund look like my bank account a week from payday. I didn't notice the low post count either, tsk. It's late in the day.I did initially think £42K PA, 30 years old and R8/Bentley/Maserati smelled a bit fishy!
On another note though, i had the R8 at that age and made a bit less than that at the time and found it entirely manageable.
R8Steve said:
SuperchargedVR6 said:
iphonedyou said:
SuperchargedVR6 said:
Care to elaborate?
He's one of our resident trolls. He earns 'six figs' and could buy The Shard without resorting to finance like plebs would. His current account statement would make Qatar's sovereign wealth fund look like my bank account a week from payday. I didn't notice the low post count either, tsk. It's late in the day.I did initially think £42K PA, 30 years old and R8/Bentley/Maserati smelled a bit fishy!
On another note though, i had the R8 at that age and made a bit less than that at the time and found it entirely manageable.
You're lucky then because I earn a fair chunk more than the OP and I can't afford an R8!
I wouldn't say that GTRs have high running costs, they can do if you destroy a set of tyres every 6months but that's down to you and how you drive the car.
For a 40k car I'd be looking to put down 20k and £600/month for 3years. If you're worried about a big bill I'd also look to buy from a dealer, you'll be a little extra but it should give at least some piece of mind.
I'm in agreement, the R8s seem cheap at that price, I can't see them devaluing at all. Providing you treat the car well, don't put too many miles on etc it could be a decent way to build savings and enjoy a fantastic car at the same time.
For a 40k car I'd be looking to put down 20k and £600/month for 3years. If you're worried about a big bill I'd also look to buy from a dealer, you'll be a little extra but it should give at least some piece of mind.
I'm in agreement, the R8s seem cheap at that price, I can't see them devaluing at all. Providing you treat the car well, don't put too many miles on etc it could be a decent way to build savings and enjoy a fantastic car at the same time.
Jim AK said:
Ranchitup said:
Not a fan of the DB7's look to be honest.
Really?Should you even be driving? I think your eyesight may be faulty!!
Blanchimont said:
Spending £1500 a month on a car payment is all well and great, but what would you do if something were to break? Lets take the Maser as an example. I can't imagine a new exhaust is cheap (be it aftermarket or standard), nor is servicing, nor will insurance, nor fuel etc.
During months when the tax, MOT, insurance and service is due you'll still have to pay out x amount a month on the car payment.
If the payment is say, £1000. Can you spare £3-500 a month to put aside for any work that needs doing then great, do it. But if not, then I would be looking to either bump up my deposit massively, until it gets to a point where you can, or looking at other options.
Rather than going "right I have £1500 a month spare, lets spend it all on a car payment" (not saying you have) sit down and have a think. Find out how much a big service at a main dealer is, find out how much insurance is, find out how much tax is etc, how much you would be spending in fuel etc.. and work from that. No point having a glorious car sat on the drive doing nothing, because you can't afford to put fuel in it.
Yeah I have a lot of ground work to do. I don’t want to start resenting the car that I own because of the herculean task I have owning it. I need to have some degree of comfort and fun owning one.During months when the tax, MOT, insurance and service is due you'll still have to pay out x amount a month on the car payment.
If the payment is say, £1000. Can you spare £3-500 a month to put aside for any work that needs doing then great, do it. But if not, then I would be looking to either bump up my deposit massively, until it gets to a point where you can, or looking at other options.
Rather than going "right I have £1500 a month spare, lets spend it all on a car payment" (not saying you have) sit down and have a think. Find out how much a big service at a main dealer is, find out how much insurance is, find out how much tax is etc, how much you would be spending in fuel etc.. and work from that. No point having a glorious car sat on the drive doing nothing, because you can't afford to put fuel in it.
steve-5snwi said:
Having driven all 3 I would pick the Maserati, I've seen the invoices for repairs on the r8 and Maserati and they were not cheap. You might pay more but a main dealer might give you a better warranty than something aftermarket and if you only intend to keep the car for a short time the risks should be minimal.
However I would rather a v8 Aston or a jaguar, f/xk or possibly xfr. I didn't like the r8 but ours was a v8 with the rtronic, the Maserati was the 4.7 and would be a great gt car but with firm seats. You could possibly look towards a f type v6 and have the benefit of a manufactures warranty although they are not in quite the same league I would pick one over the r8 any day.
Oh cool. How did you find Maserati ownership? What kind of annual costs were you facing? I really like the Maserati but with the Sport bumpers, it looks so different. However I would rather a v8 Aston or a jaguar, f/xk or possibly xfr. I didn't like the r8 but ours was a v8 with the rtronic, the Maserati was the 4.7 and would be a great gt car but with firm seats. You could possibly look towards a f type v6 and have the benefit of a manufactures warranty although they are not in quite the same league I would pick one over the r8 any day.
The ftype starts at £50k doesn’t it? It looks great but im priced out it seems.
VladD said:
I'm not sure what the warranty on the 750 was OP, sorry. The small dealer I bought the car from supplied it. I was very surprised when it actually paid out.
Ah no worries. Yeah warranty would be something I would definitely consider getting. Roughly, how much would warranty on cars such as the ones I suggest cost per year? About a grand a year no? CYMR0 said:
Effectively you're asking whether to put half your disposable income into car finance, then take on the running costs out of the other half.
It's probably possible if you really, really hate pubs, clothes, holiday, and your pension and really, really like Tesco Value Pot Noodles.
In your situation I would either lease whatever I could get for £300 a month (and even that is more than you need to spend) or try to get a £20k car with as much cash as you could save up in a year for a deposit. While an S4/BMW x35i coupe/Golf R etc. won't compare with a junior supercar like you're suggesting, you'll actually have a life outside your garage.
(Of course, if you did manage to buy the right car and prices go up over the next five years, you'd be kicking yourself if you didn't do it. But to run a car like that with very little in liquid assets would be an absolute nightmare - think of all those skint girls who live for their ponies, and ask if you really want to live like them).
This is what I want to avoid. Being so constrained that I cant enjoy life outside car ownership. With roughly a grand to spend a month on myself, that wouldn’t be so bad but yeah, I’ve gotten quite used to splashing the cash in other ways so would have to make adjustments. It's probably possible if you really, really hate pubs, clothes, holiday, and your pension and really, really like Tesco Value Pot Noodles.
In your situation I would either lease whatever I could get for £300 a month (and even that is more than you need to spend) or try to get a £20k car with as much cash as you could save up in a year for a deposit. While an S4/BMW x35i coupe/Golf R etc. won't compare with a junior supercar like you're suggesting, you'll actually have a life outside your garage.
(Of course, if you did manage to buy the right car and prices go up over the next five years, you'd be kicking yourself if you didn't do it. But to run a car like that with very little in liquid assets would be an absolute nightmare - think of all those skint girls who live for their ponies, and ask if you really want to live like them).
MOBB said:
Might not be the kind of car you are interested in, but brand new BMW M6's can be had for around £800 a month on PCP, 0% interest
positives - 3 year warranty, your own spec, modern tech, no interest charges, crazy quick, service plans are cheap
negatives - depreciation, not "exotic"
The depreciation can be horrific, especially if you sell after a short time, but is offset by no interest charges and huge discounts
Ah thanks for this. Didn’t know anything about PCP finance prior to reading this. The M6 isn’t a car that appeals to me though. The lack of ‘exotic’ factor is what kills it for me.positives - 3 year warranty, your own spec, modern tech, no interest charges, crazy quick, service plans are cheap
negatives - depreciation, not "exotic"
The depreciation can be horrific, especially if you sell after a short time, but is offset by no interest charges and huge discounts
Crumpet said:
A couple of friends with similar cars (Aston Martins - AMV8 and a DB9) say their running costs are £6000 pretty much consistently each year. That includes fuel and insurance but not depreciation and finance. So finance might cost you a couple of grand a year and depreciation will come down to what you buy, but call it £4000 a year and your total might come to about £1000 a month.
You could do it, whether it's sensible or not is another matter but plenty of people lose five or six grand a year in depreciation on very mundane everyday cars - at least you're after something special!
Edit: you could probably run one of the modern TVRs (T350, Tuscan) for significantly less than your budget. Depreciation is non-existent and running costs are sensible. Maybe not quite as exotic as a Maserati but it will turn more heads, if that's your thing!
Pretty high running costs if not including finance. Depreciation isn’t a factor that bothers me that much.You could do it, whether it's sensible or not is another matter but plenty of people lose five or six grand a year in depreciation on very mundane everyday cars - at least you're after something special!
Edit: you could probably run one of the modern TVRs (T350, Tuscan) for significantly less than your budget. Depreciation is non-existent and running costs are sensible. Maybe not quite as exotic as a Maserati but it will turn more heads, if that's your thing!
Edited by Crumpet on Thursday 28th July 17:05
The TVR’s aren’t the most reliable cars in the world I hear. They do look nice but not something I am after.
matrignano said:
Errr, it's £1,200 a month for all the things I've listed above
Ah okay my bad. Thanks ?williamp said:
M3? M5? Covette? XK or XKR?? Ooooh, the list is soooo long.
Would love a Corvette but priced out on those! XK/XKR naah. Same for M3/M5Guvernator said:
To be honest I'd agree with the above, £40k on a car with those earnings will probably be a bit of a push IMO. If it breaks you'll struggle to pay to fix it and begrudge the car, if other unexpected bills\outgoings come up you'll struggle and begrudge the car. If you end up in a situation where you are struggling financially because of the car you will start to resent it and it WILL sour the ownership experience.
Perhaps it might be better to set your sights a bit lower. You can get an unsecured loan for anything up to £25k for very reasonable interest rates these days and pay it back early with no penalties which gives you a lot of flexibility. Chuck in a few K of your own money if you wish, you'll still get a very nice car for that sort of budget without breaking the bank.
Yeah maybe I have to do that ? I really want to enjoy the experience of owning the cars I listed. Having those cars at my age would be a dream come true but yeah, if I end up begrudging it, then that would be horrible. Perhaps it might be better to set your sights a bit lower. You can get an unsecured loan for anything up to £25k for very reasonable interest rates these days and pay it back early with no penalties which gives you a lot of flexibility. Chuck in a few K of your own money if you wish, you'll still get a very nice car for that sort of budget without breaking the bank.
The SLK55, a Porsche or something similar would be great I guess. The thing is, I’ve been so excited, for the longest time, imagining owning these cars so its kinda disheartening. But hey, better to be disheartened than burnt by it all. Plus my gf has expensive tastes so its prob for the best.
SuperchargedVR6 said:
Ah OK, thanks for clearing that up. We need a troll list for less frequent visitors I didn't notice the low post count either, tsk. It's late in the day.
I did initially think £42K PA, 30 years old and R8/Bentley/Maserati smelled a bit fishy!
Hehe I’m not lying believe me. Im being honest but yeah, it looks like owning those might be out of the running ? But aaah, imagine driving that at age 30. I so want to do it! I really don’t want the regrets. I didn't notice the low post count either, tsk. It's late in the day.I did initially think £42K PA, 30 years old and R8/Bentley/Maserati smelled a bit fishy!
R8Steve said:
He's not talking about the OP!
On another note though, i had the R8 at that age and made a bit less than that at the time and found it entirely manageable.
Ah please elaborate! Maybe there is hope for me yet?!On another note though, i had the R8 at that age and made a bit less than that at the time and found it entirely manageable.
ZX10R NIN said:
OP go for it if you can afford it, expect a four figure bill every now & then, apart from that just get ready for some smiles for miles.
I want to! I’m so torn now. Some of the more sombre posts hit home- apart from the one regarding the Fiesta lmao. Im new to the forum and that was one of the first posts. I was thinking…wtf have I joined?!NordicCrankShaft said:
The Porsche 996/MX5 w
kfest that seems to occupy 2nd spot in pretty much every what car thread is becoming increasingly predictable and boring. Bore off fan boys.
No offence to anyone liking those cars but they aren’t to my liking (especially the MX5) and they are REALLY common in London. I want something that stands out and is luxury/exotic. kfest that seems to occupy 2nd spot in pretty much every what car thread is becoming increasingly predictable and boring. Bore off fan boys.StottyEvo said:
I wouldn't say that GTRs have high running costs, they can do if you destroy a set of tyres every 6months but that's down to you and how you drive the car.
For a 40k car I'd be looking to put down 20k and £600/month for 3years. If you're worried about a big bill I'd also look to buy from a dealer, you'll be a little extra but it should give at least some piece of mind.
I'm in agreement, the R8s seem cheap at that price, I can't see them devaluing at all. Providing you treat the car well, don't put too many miles on etc it could be a decent way to build savings and enjoy a fantastic car at the same time.
What do you think the costs of GTR ownership are like? I wouldnt be ripping the tyres to shreds at all. I love the liberty walk GTR (although the costs of that is too much)For a 40k car I'd be looking to put down 20k and £600/month for 3years. If you're worried about a big bill I'd also look to buy from a dealer, you'll be a little extra but it should give at least some piece of mind.
I'm in agreement, the R8s seem cheap at that price, I can't see them devaluing at all. Providing you treat the car well, don't put too many miles on etc it could be a decent way to build savings and enjoy a fantastic car at the same time.
Saving up £20k in a year or so will be a task for sure. If I had that kinda saving I would DEFFO go for R8 ownership. But reading the comments here, I think one thing I’m DEFINITELY doing is savingup as much as possible to minimise the loan/finance. I don’t want to be living on crisps for the next 5 or so years!
- I haven't done any work today but really, thank you guys for the comments. It honestly is helping me out a lot in making an informed decision.
Edited by Ranchitup on Thursday 28th July 18:08
Ranchitup said:
StottyEvo said:
What so you have no deposit at all? You won't get accepted for the finance.
I can definitely get a deposit. £2k-£5kI reckon my C63 costs me about 400 per month inc all running costs. Add your 500 quid finance takes you to 900 quid leaving 600 left over. I personally wouldn't want to limit myself to 600 a month for other car non related things but it's your decision.
Bump up your allowance for warranty too. C63 warranty is 1500 a year with 250 excess. I imagine the others will be nearer 2k.
Ranchitup said:
StottyEvo said:
What so you have no deposit at all? You won't get accepted for the finance.
I can definitely get a deposit. £2k-£5kJob jobbed.
Hi OP,
I've got to this thread a bit late (I blame work), is that 1.5k including "life happens" backup fund? Not to rain on your parade but not too long ago (a break in being a contracting scumbag) I was earning a touch more than that and after taxes the figure you're quoting is about 50% of your take home (I did read that right, 42k p/a? pre tax?) now I saw someone post if you had a house etc? I didn't see a reply.
If you're mortgage free but with house, fill yer boots as it were.
If not, well....
Er....
Um...
Oh, how awkward...
I've got to this thread a bit late (I blame work), is that 1.5k including "life happens" backup fund? Not to rain on your parade but not too long ago (a break in being a contracting scumbag) I was earning a touch more than that and after taxes the figure you're quoting is about 50% of your take home (I did read that right, 42k p/a? pre tax?) now I saw someone post if you had a house etc? I didn't see a reply.
If you're mortgage free but with house, fill yer boots as it were.
If not, well....
Er....
Um...
Oh, how awkward...
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