Bangernomics verses New Cars
Discussion
Bill said:
Yep, I'd have to start being precious about it.
Leasing small cars makes sense if you can manage with one, but can anyone find me a 7 seat 4x4 for sensible money. Or a half decent estate I can fit three kids in in car seats.
Apparently 3 can sit easily in the back of 7 series or A8 or S class so you don't need mumsey cars - this was pointed out to me in another car thread these are wider than xc90. So you could have S65Amg or 760i V12 or S8 etc Leasing small cars makes sense if you can manage with one, but can anyone find me a 7 seat 4x4 for sensible money. Or a half decent estate I can fit three kids in in car seats.
Axionknight said:
Comparing models with similar power outputs, but with a smaller capacity engine though - what's the difference in the engine weight and how would comparing like for like capacity engines look?
Well, it is only 300cc but the 2.0 TDI Mk 7 Golf weighs in at about 40Kg more so still about the same ballpark. The old Mk 4 wasn't exactly a Citroen AX. (!).Welshbeef said:
Apparently 3 can sit easily in the back of 7 series or A8 or S class so you don't need mumsey cars - this was pointed out to me in another car thread these are wider than xc90. So you could have S65Amg or 760i V12 or S8 etc
My brother's '07 A8 was too tight for comfort IMO. These cars tend to be designed to coset 2 stereotypical PHers in the back so the centre pad is good for two elbows and little more. It's tight enough in a Disco2.Plus they're not estates. And how much does one cost to lease?
But rest assured in two years when they're all out of seats I'll be straight down the bargain barge thread.
Digby said:
TheAngryDog said:
Digby said:
TheAngryDog said:
Digby said:
Worth mentioning that when the car was delivered, it had moisture in the headlamp.I called one of the provided numbers, they forwarded it to the providing Audi dealer and they got back to me within the hour.At first they thought it may simply dry out but after sending them an image of the lamp, they told me to take it to my local Audi dealer (five minutes away) and get it inspected.Once there, they decided to replace the entire unit, paid for a taxi home and they called later that day to say the car was ready.They even washed it.
That's still an inconvenience which the idea of leasing is meant to avoid, is it not? Sure it was fixed foc, but this was a new car, it shouldn't of had that defect in the first place. Edited by Digby on Monday 31st August 19:46
Would I like a new car? Of course I would. But i wouldnt want something mundane, and I cannot afford something that isn't.
bobbsie said:
confused_buyer said:
I think it is fair to say there is a bigger leap between a 1985 car and a 2000 one than a 2000 one and a 2015 one.
By the late 90's most cars were pretty safe, pretty comfortable and had most of the equipment you actually need.
The only sector where there have been massive gains is the supermini one - try a 2000 Clio against a 2015 one. In the larger sector gains have been there but are quite small in many areas.
Have to agree there.By the late 90's most cars were pretty safe, pretty comfortable and had most of the equipment you actually need.
The only sector where there have been massive gains is the supermini one - try a 2000 Clio against a 2015 one. In the larger sector gains have been there but are quite small in many areas.
2000 i remember: E46 - a tight, refined good handling mid-exec; pumpe duse Passat - grunt, economy and a pleasing ride (not sporty, comfortable but not 80s squishy);
1985 was archaic by comparison. 4 speed manuals still existed, wind up windows, few airbags, drum brakes, leaded petrol etc.
Ford Cortinas only just out out of production.
The first thing you really notice about driving it is how soft the suspension is. The 'Ring was for nutters, not factories back then, and as a result it flows beautifully along a typical British B road; there's no bracing yourself for the inevitable crash as you hit a pothole or sunken manhole. The other immediate impression is how light and spacious it is - the A and B pillars are about as thick as a decent HB pencil, and the doors and seats around half the width of a modern. There's much more interior space than in a current Polo, which I guess has a similar footprint.
It many have only 55bhp, but there's a decent amount of torque, and as the thing only weighs 900kgs, it moves along nicely enough without getting in the way of anyone. It has a fangled 5-speed 'box, so a motorway cruise is quite comfortable - albeit noisy - and the brakes are about as good as a Chinese moped's. It leaves a smokescreen when
There are few mod cons; you get a large steering wheel instead of power assistance, ABS was a glint in Mr Bosche's eye, as were airbags, and aircon means using one of the keep-fit windows. But the heater is a furnace. Demist and wipers are fine, headlights are like Ikea tea candles, and instruments comprise of a speedo, a big clock, and fuel and water temp gauges. The motor rattles like a knackered FX4 when its cold, and you have to wait several seconds for the glow plugs to warm before starting. Its smooth enough in use, with a progressive delivery - there's no huge lump of torque at 2000rpm followed only by a lot of noise. I'd hate to think how it would perform in a significant impact though.
From my back of the envelope calculations, its giving him a little over 50mpg in everyday use.
However, if I were forced to use it as an everyday car (let's assume I didn't have to worry about corrosion) it really wouldn't be a problem.
SS7
shoestring7 said:
Funnily enough, the 17y.o. SS7jnr's first car is a beautifully preserved 1987 VW Golf 1.6D; one previous owner from new, 100% bog standard, always garaged and 50k miles from new.
The first thing you really notice about driving it is how soft the suspension is. The 'Ring was for nutters, not factories back then, and as a result it flows beautifully along a typical British B road; there's no bracing yourself for the inevitable crash as you hit a pothole or sunken manhole. The other immediate impression is how light and spacious it is - the A and B pillars are about as thick as a decent HB pencil, and the doors and seats around half the width of a modern. There's much more interior space than in a current Polo, which I guess has a similar footprint.
It many have only 55bhp, but there's a decent amount of torque, and as the thing only weighs 900kgs, it moves along nicely enough without getting in the way of anyone. It has a fangled 5-speed 'box, so a motorway cruise is quite comfortable - albeit noisy - and the brakes are about as good as a Chinese moped's. It leaves a smokescreen when
There are few mod cons; you get a large steering wheel instead of power assistance, ABS was a glint in Mr Bosche's eye, as were airbags, and aircon means using one of the keep-fit windows. But the heater is a furnace. Demist and wipers are fine, headlights are like Ikea tea candles, and instruments comprise of a speedo, a big clock, and fuel and water temp gauges. The motor rattles like a knackered FX4 when its cold, and you have to wait several seconds for the glow plugs to warm before starting. Its smooth enough in use, with a progressive delivery - there's no huge lump of torque at 2000rpm followed only by a lot of noise. I'd hate to think how it would perform in a significant impact though.
From my back of the envelope calculations, its giving him a little over 50mpg in everyday use.
However, if I were forced to use it as an everyday car (let's assume I didn't have to worry about corrosion) it really wouldn't be a problem.
SS7
Its something I noticed about the OH's MINI the other night. I know its not apples with apples but compared to my r129 (or even my 9-3 Saab with lowered suspension) the ride is very hard. It seems to be a trend with most cars - the ride is getting harder and harder in the interests of cornering speed. The first thing you really notice about driving it is how soft the suspension is. The 'Ring was for nutters, not factories back then, and as a result it flows beautifully along a typical British B road; there's no bracing yourself for the inevitable crash as you hit a pothole or sunken manhole. The other immediate impression is how light and spacious it is - the A and B pillars are about as thick as a decent HB pencil, and the doors and seats around half the width of a modern. There's much more interior space than in a current Polo, which I guess has a similar footprint.
It many have only 55bhp, but there's a decent amount of torque, and as the thing only weighs 900kgs, it moves along nicely enough without getting in the way of anyone. It has a fangled 5-speed 'box, so a motorway cruise is quite comfortable - albeit noisy - and the brakes are about as good as a Chinese moped's. It leaves a smokescreen when
There are few mod cons; you get a large steering wheel instead of power assistance, ABS was a glint in Mr Bosche's eye, as were airbags, and aircon means using one of the keep-fit windows. But the heater is a furnace. Demist and wipers are fine, headlights are like Ikea tea candles, and instruments comprise of a speedo, a big clock, and fuel and water temp gauges. The motor rattles like a knackered FX4 when its cold, and you have to wait several seconds for the glow plugs to warm before starting. Its smooth enough in use, with a progressive delivery - there's no huge lump of torque at 2000rpm followed only by a lot of noise. I'd hate to think how it would perform in a significant impact though.
From my back of the envelope calculations, its giving him a little over 50mpg in everyday use.
However, if I were forced to use it as an everyday car (let's assume I didn't have to worry about corrosion) it really wouldn't be a problem.
SS7
Bill said:
Welshbeef said:
Apparently 3 can sit easily in the back of 7 series or A8 or S class so you don't need mumsey cars - this was pointed out to me in another car thread these are wider than xc90. So you could have S65Amg or 760i V12 or S8 etc
My brother's '07 A8 was too tight for comfort IMO. These cars tend to be designed to coset 2 stereotypical PHers in the back so the centre pad is good for two elbows and little more. It's tight enough in a Disco2.Plus they're not estates. And how much does one cost to lease?
But rest assured in two years when they're all out of seats I'll be straight down the bargain barge thread.
That's really interesting as on page 9 of the above link DVS Dave who has a LWB A8 who is 6'5" and a "big chap" easily fits between two child seats in the back of the A8.
I not having sat in the A8 or S class or 7 series with child seats did have the view you state but DVS Dave was absolute about it even giving shoulder to shoulder widths of MPVs v A8's to factually confirm its bigger.
Now I'm confused
TheAngryDog said:
You're missing my point. If I bought a new car I wouldn't expect it to need to go back to the garage on the day it was delivered to me. I know when I buy a second hand car it could break, and my £900 audi did, but it is costing less than £200 to repair including giving it a service. Buying second hand can be a lottery.
I understand what you are saying, but teething troubles on new vehicles are common.Much the same can be said for new homes.The majority of builders we work with have systems in place to put right any issues with new builds for this very reason.You could say the same each time a new game or OS for a PC / console is released.It's obviously annoying to some, whilst others expect it and are still perfectly happy when things are put right.
If I needed to drive from one end of the country to the other due to an emergency and absolutely had to make it on time, I wouldn't choose a brand new car to make the trip; I would use something a few years old with 20k+ on the clock - or I would use my 30+ year old Mitsubishi which still runs like a dream even after being left in a damp garage for months on end.
lostkiwi said:
Its something I noticed about the OH's MINI the other night. I know its not apples with apples but compared to my r129 (or even my 9-3 Saab with lowered suspension) the ride is very hard. It seems to be a trend with most cars - the ride is getting harder and harder in the interests of cornering speed.
Its not only in the interests of cornering speed. In the majority of cars its to do with stability/ safety. A softer suspension set up generally provided higher cornering speeds but is rubbish for direction changes. My sloppy old E30 would hold a higher apex speed than my much harder sprung Impreza but put the two of them through a chicane and the Impreza would generally go where you point it but the E30 would try and send you to the moonSame reason my Octavia is quicker down a B road the the OHs Cooper S. The octy is softer and soaks up all the bumps and cambers the Mini jumps and fidgets all over the shop
Welshbeef said:
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
That's really interesting as on page 9 of the above link DVS Dave who has a LWB A8 who is 6'5" and a "big chap" easily fits between two child seats in the back of the A8.
I not having sat in the A8 or S class or 7 series with child seats did have the view you state but DVS Dave was absolute about it even giving shoulder to shoulder widths of MPVs v A8's to factually confirm its bigger.
Now I'm confused
Just replied. That's really interesting as on page 9 of the above link DVS Dave who has a LWB A8 who is 6'5" and a "big chap" easily fits between two child seats in the back of the A8.
I not having sat in the A8 or S class or 7 series with child seats did have the view you state but DVS Dave was absolute about it even giving shoulder to shoulder widths of MPVs v A8's to factually confirm its bigger.
Now I'm confused
[quote=TartanPaint]I'm currently doing both new car AND bangernomics. In the same car. Yes, it's possible. Just buy a new car, and keep it FOREVER! Make your own banger. Then you know it's a good one!
This is so interesting. With a new baby on the way and a history of running £2k cars, I'm thinking of hopping in this very boat. I'm down to a shortlist of F-Pace, V60/Cross Country or XC60 petrols. What worries me is that the current crop of tech could throw up some very expensive issues in its lifetime... unlike 15 year-old Saabs, where it's just mechanicals to worry about
This is so interesting. With a new baby on the way and a history of running £2k cars, I'm thinking of hopping in this very boat. I'm down to a shortlist of F-Pace, V60/Cross Country or XC60 petrols. What worries me is that the current crop of tech could throw up some very expensive issues in its lifetime... unlike 15 year-old Saabs, where it's just mechanicals to worry about
TheAngryDog said:
You're missing my point. If I bought a new car I wouldn't expect it to need to go back to the garage on the day it was delivered to me. I know when I buy a second hand car it could break, and my £900 audi did, but it is costing less than £200 to repair including giving it a service. Buying second hand can be a lottery.
Would I like a new car? Of course I would. But i wouldnt want something mundane, and I cannot afford something that isn't.
Problem is that the new cars tend to have to go back to the garage pretty frequently. In idle moments I've considered getting a Giulia QV, but then I'd have to worry about software updates, strange lights on the dashboard and stop/start killing the battery. I'm not knocking the Giulia, mates with new cars from all sorts of manufacturers seem to spend their lives in garages. When you've just dropped 60K on a new car, every squeak warrants a trip to get it fixed. Would I like a new car? Of course I would. But i wouldnt want something mundane, and I cannot afford something that isn't.
At the other extreme, my Alfa 156 JTD daily (2001, 156K miles, 25K a year), cost £270, and needs a service twice a year, which takes me about an hour each time. Yes, I spent several grand on parts and upgrades when I bought it, but since then, it's just racked up the miles.
paulmachin]artanPaint said:
I'm currently doing both new car AND bangernomics. In the same car. Yes, it's possible. Just buy a new car, and keep it FOREVER! Make your own banger. Then you know it's a good one!
This is so interesting. With a new baby on the way and a history of running £2k cars, I'm thinking of hopping in this very boat. I'm down to a shortlist of F-Pace, V60/Cross Country or XC60 petrols. What worries me is that the current crop of tech could throw up some very expensive issues in its lifetime... unlike 15 year-old Saabs, where it's just mechanicals to worry about
Which then brings us onto the third option and potentially the best.........a 3-5 year old used one of your choice or perhaps slightly older (where a few of the models issues might be known and could help you mitigate against long term expense?). You 'just' need to find the one owner, ok miles genuinely serviced one to make your forever (or at least extra long term) car.This is so interesting. With a new baby on the way and a history of running £2k cars, I'm thinking of hopping in this very boat. I'm down to a shortlist of F-Pace, V60/Cross Country or XC60 petrols. What worries me is that the current crop of tech could throw up some very expensive issues in its lifetime... unlike 15 year-old Saabs, where it's just mechanicals to worry about
I tend to deal in older cars where nearly every frequent issue/design flaw etc is known so you can make a considered decision. When you go nearly new or 3-5 years with a look to the long term then you are at risk of lower warranty protection with the potential start of a widespread issue (Audi/VW etc oil pump wear, Porsche's IMS, Subaru's diesel crankshafts etc etc) that could see you in a 'pot committed' situation and having to spend.
In reply to the OP. Its always an interesting comparison to look in to the overall costs of owning a car versus renting one.
In my VERY simple maths terms ignoring servicing and repairs, to compare bangernomics with renting it would play out like this....
Cheap renting example
£350 per month
12,000 miles per year limitation
Length of rent = 3 years
End of renting term and you give the car back.
Cost = £12,600
Cheap ownership example
Buy affordable car for say £3000
No limitation on miles per year
Own it until you want to change
End of ownership you likely have a car that can not depreciate any more below £1500 (private sale, not trade).
Cost = £1500 (in depreciation only)
Now factor in a few additionals. Assume servicing is similar, so no difference to consider here. But assume more repairs required on the banger. Lets say each MOT it is discovered a £500 repair bill (to say provide an average bills over the ownership years).
If looking at a 3 year comparison renting would cost £12,600 and banger ownership would be £3000.
At the end of the 3 years with renting you are back to square one looking for a new car to buy or to rent, but with banger ownership you are only under your own pressure to change if you want something different.
If the difference in those costs is what you are happy with to be seen in a latest shape car then all is good.
In my VERY simple maths terms ignoring servicing and repairs, to compare bangernomics with renting it would play out like this....
Cheap renting example
£350 per month
12,000 miles per year limitation
Length of rent = 3 years
End of renting term and you give the car back.
Cost = £12,600
Cheap ownership example
Buy affordable car for say £3000
No limitation on miles per year
Own it until you want to change
End of ownership you likely have a car that can not depreciate any more below £1500 (private sale, not trade).
Cost = £1500 (in depreciation only)
Now factor in a few additionals. Assume servicing is similar, so no difference to consider here. But assume more repairs required on the banger. Lets say each MOT it is discovered a £500 repair bill (to say provide an average bills over the ownership years).
If looking at a 3 year comparison renting would cost £12,600 and banger ownership would be £3000.
At the end of the 3 years with renting you are back to square one looking for a new car to buy or to rent, but with banger ownership you are only under your own pressure to change if you want something different.
If the difference in those costs is what you are happy with to be seen in a latest shape car then all is good.
ZeroGroundZero said:
In reply to the OP. Its always an interesting comparison to look in to the overall costs of owning a car versus renting one.
In my VERY simple maths terms ignoring servicing and repairs, to compare bangernomics with renting it would play out like this....
Cheap renting example
£350 per month
12,000 miles per year limitation
Length of rent = 3 years
End of renting term and you give the car back.
Cost = £12,600
Cheap ownership example
Buy affordable car for say £3000
No limitation on miles per year
Own it until you want to change
End of ownership you likely have a car that can not depreciate any more below £1500 (private sale, not trade).
Cost = £1500 (in depreciation only)
Now factor in a few additionals. Assume servicing is similar, so no difference to consider here. But assume more repairs required on the banger. Lets say each MOT it is discovered a £500 repair bill (to say provide an average bills over the ownership years).
If looking at a 3 year comparison renting would cost £12,600 and banger ownership would be £3000.
At the end of the 3 years with renting you are back to square one looking for a new car to buy or to rent, but with banger ownership you are only under your own pressure to change if you want something different.
If the difference in those costs is what you are happy with to be seen in a latest shape car then all is good.
My maths have been even better. £2k for the car 5 years ago, I've taken it from 158k to 285k and average yearly maintenance bill is £100 including services.In my VERY simple maths terms ignoring servicing and repairs, to compare bangernomics with renting it would play out like this....
Cheap renting example
£350 per month
12,000 miles per year limitation
Length of rent = 3 years
End of renting term and you give the car back.
Cost = £12,600
Cheap ownership example
Buy affordable car for say £3000
No limitation on miles per year
Own it until you want to change
End of ownership you likely have a car that can not depreciate any more below £1500 (private sale, not trade).
Cost = £1500 (in depreciation only)
Now factor in a few additionals. Assume servicing is similar, so no difference to consider here. But assume more repairs required on the banger. Lets say each MOT it is discovered a £500 repair bill (to say provide an average bills over the ownership years).
If looking at a 3 year comparison renting would cost £12,600 and banger ownership would be £3000.
At the end of the 3 years with renting you are back to square one looking for a new car to buy or to rent, but with banger ownership you are only under your own pressure to change if you want something different.
If the difference in those costs is what you are happy with to be seen in a latest shape car then all is good.
There seem to be a lot of threads like this running so clearly this is a popular theme with people right now and not surprising as cars get ever more complicated and more costly to run as they age.
I realised some time ago I'd made a mistake in buying my last car, because at £5500 initial outlay and on 68,000 miles when purchased, I had tied up too much cash to ignore problems but was moving into that dangerous 70-80K mile territory where things wear out. Sure enough I had a number of garage bills over the 2 and a half years I owned it.
Thankfully my car got written off recently and gave me a chance to bail before the next round of bills and I've just gone and bought a bangernomic £575 Ford Focus Mk1.
For me its a gamble as I have no mechanical expertise, but I figured that as deprecation was now zero, I can afford to spend £100-£150 per month on repairs if necessary and still motor reasonably cheaply compared with a lease, or another £5-£6000 car which depreciates by about £100 a month. It'll be interesting to see how it goes.
I realised some time ago I'd made a mistake in buying my last car, because at £5500 initial outlay and on 68,000 miles when purchased, I had tied up too much cash to ignore problems but was moving into that dangerous 70-80K mile territory where things wear out. Sure enough I had a number of garage bills over the 2 and a half years I owned it.
Thankfully my car got written off recently and gave me a chance to bail before the next round of bills and I've just gone and bought a bangernomic £575 Ford Focus Mk1.
For me its a gamble as I have no mechanical expertise, but I figured that as deprecation was now zero, I can afford to spend £100-£150 per month on repairs if necessary and still motor reasonably cheaply compared with a lease, or another £5-£6000 car which depreciates by about £100 a month. It'll be interesting to see how it goes.
Edited by greenarrow on Tuesday 19th November 14:12
There is a compromise there somewhere
I picked up a civic hatchback for £10k on 0% finance. £400 down and £200/month for 4 yrs. After that it's all paid for. It's 3.5 yrs old with 15k miles from new. It also has the service pack with about another year to go.
The cost is similar to the leases that i looked at for something like a basic spec Seat Leon or Skoda Octavia.
My mileage is around 15k miles/year so after 4 years it should be on about 75k miles and will probably still be worth in the region of £4k.
So I reckon that makes my total depreciation cost for that period to be around 10p per mile
Pretty cheap motoring. Plus it's doing 65mpg (about 8-9p/mile) and is free tax.
My previous 130i was depreciation proof but also cost about 20p/mile in fuel and £330 ish in tax. So i'm pretty much breaking even over that, plus it's a newer and more practical car, is more comfy, has more toys, and the frequent visits to the pumps were doing my head in!!
I will miss that N52 engine. Shame the car it was bolted to was a bit rubbish.
I picked up a civic hatchback for £10k on 0% finance. £400 down and £200/month for 4 yrs. After that it's all paid for. It's 3.5 yrs old with 15k miles from new. It also has the service pack with about another year to go.
The cost is similar to the leases that i looked at for something like a basic spec Seat Leon or Skoda Octavia.
My mileage is around 15k miles/year so after 4 years it should be on about 75k miles and will probably still be worth in the region of £4k.
So I reckon that makes my total depreciation cost for that period to be around 10p per mile
Pretty cheap motoring. Plus it's doing 65mpg (about 8-9p/mile) and is free tax.
My previous 130i was depreciation proof but also cost about 20p/mile in fuel and £330 ish in tax. So i'm pretty much breaking even over that, plus it's a newer and more practical car, is more comfy, has more toys, and the frequent visits to the pumps were doing my head in!!
I will miss that N52 engine. Shame the car it was bolted to was a bit rubbish.
Edited by PTF on Tuesday 19th November 14:38
greenarrow said:
Thankfully my car got written off recently and gave me a chance to bail before the next round of bills and I've just gone and bought a bangernomic £575 Ford Focus Mk1.
For me its a gamble as I have no mechanical expertise, but I figured that as deprecation was now zero, I can afford to spend £100-£150 per month on repairs if necessary and still motor reasonably cheaply compared with a lease, or another £5-£6000 car which depreciates by about £100 a month. It'll be interesting to see how it goes.
If you don't need something as big as a Focus you can get some small stuff like an Aygo etc for £99 a month. Brand new car, modern entertainment and safety, no worries about fixing it and much lower running costs than a 10-15 year old Focus. For me its a gamble as I have no mechanical expertise, but I figured that as deprecation was now zero, I can afford to spend £100-£150 per month on repairs if necessary and still motor reasonably cheaply compared with a lease, or another £5-£6000 car which depreciates by about £100 a month. It'll be interesting to see how it goes.
Edited by greenarrow on Tuesday 19th November 14:12
Obviously if the Focus never throws up bills then you are quids in after 6-7 months.
I know this is an old thread and it isn't my daily but can I just mention that some old cars go UP in value which really helps the maths !
My RX7 - bought for £1k as the owner was abroad and sick of time wasters (it was worth around £5k) now worth around £10k.
My friend bought a Porsche Spyder for £32k, drove it for 4yrs added 30k and sold it for £34k, I know these aren't common examples but many used cars (and of course some new ones) appreciate, for a while at least.
The key is to find what suits you, personally I wouldn't want a new Golf, nor an old one unless it was a modified Mk2 and I enjoy modifying my cars, so renting is out. I would consider doing so for my wife but as her Mazda has cost us less than £300/yr in depreciation and bills over 5 yrs, it would definitely cost more.
My RX7 - bought for £1k as the owner was abroad and sick of time wasters (it was worth around £5k) now worth around £10k.
My friend bought a Porsche Spyder for £32k, drove it for 4yrs added 30k and sold it for £34k, I know these aren't common examples but many used cars (and of course some new ones) appreciate, for a while at least.
The key is to find what suits you, personally I wouldn't want a new Golf, nor an old one unless it was a modified Mk2 and I enjoy modifying my cars, so renting is out. I would consider doing so for my wife but as her Mazda has cost us less than £300/yr in depreciation and bills over 5 yrs, it would definitely cost more.
V8RX7 said:
I know this is an old thread and it isn't my daily but can I just mention that some old cars go UP in value which really helps the maths !
My RX7 - bought for £1k as the owner was abroad and sick of time wasters (it was worth around £5k) now worth around £10k.
My friend bought a Porsche Spyder for £32k, drove it for 4yrs added 30k and sold it for £34k, I know these aren't common examples but many used cars (and of course some new ones) appreciate, for a while at least.
The key is to find what suits you, personally I wouldn't want a new Golf, nor an old one unless it was a modified Mk2 and I enjoy modifying my cars, so renting is out. I would consider doing so for my wife but as her Mazda has cost us less than £300/yr in depreciation and bills over 5 yrs, it would definitely cost more.
Similar with a few of my cars, £27,750 for the noble, now £40k+My RX7 - bought for £1k as the owner was abroad and sick of time wasters (it was worth around £5k) now worth around £10k.
My friend bought a Porsche Spyder for £32k, drove it for 4yrs added 30k and sold it for £34k, I know these aren't common examples but many used cars (and of course some new ones) appreciate, for a while at least.
The key is to find what suits you, personally I wouldn't want a new Golf, nor an old one unless it was a modified Mk2 and I enjoy modifying my cars, so renting is out. I would consider doing so for my wife but as her Mazda has cost us less than £300/yr in depreciation and bills over 5 yrs, it would definitely cost more.
First vx was £15k, sold it 2.5 years later for £15k. Vx220 race car was only £4750, try getting one now for that. And other vx220 was £4k, sold for £6.5k
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