Bangernomics isn't what it used to be.

Bangernomics isn't what it used to be.

Author
Discussion

Lucas North

Original Poster:

1,777 posts

168 months

Thursday 13th January 2011
quotequote all
My daily driver has got a few issues with it, that I am loathe to spend the money fixing. It is increasing looking like the car could become a moneypit, so I was contemplating getting rid and getting something bangernomics for a few months use. Job is at risk so I do NOT want to spend anymore than I have to.

However, briefly looking at the used cars available, anything less than £500 seems to be MOT failures and things with snapped cambelts, non runners or 'suspicious noises'.

Has the scrappage scheme completely ruined the cheap second hand market of the £100-£500 bargains that used to exist?

OllieC

3,816 posts

215 months

Thursday 13th January 2011
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I suspect the short answer is yes.


Carrot

7,294 posts

203 months

Thursday 13th January 2011
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yes

mat205125

17,790 posts

214 months

Thursday 13th January 2011
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yes

It almost seems that people now think that anything with an MOT and tread on the tyres is meant to be worth at least a grand

NHK244V

3,358 posts

173 months

Thursday 13th January 2011
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No it hasn't, it's the price of scrap thats keeping the prices up, there's loads of sheds out there but when you can get £250 to £300 for em in scrap you have to pay more for em outside the scrap yard, allways been the way and allways will.

martin mrt

3,774 posts

202 months

Thursday 13th January 2011
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NHK244V said:
No it hasn't, it's the price of scrap thats keeping the prices up, there's loads of sheds out there but when you can get £250 to £300 for em in scrap you have to pay more for em outside the scrap yard, allways been the way and allways will.
I'll agree with this, except your prices are a little optimistic, for that sort of money you would need to weigh in a 4x4 or something big

farrendahl

1,248 posts

175 months

Thursday 13th January 2011
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I'm in a similar situation myself. 2 years ago my £700 budget would have given up a choice of some very nice if old metal to pick from, now is certainly no longer the case.

shakotan

10,709 posts

197 months

Thursday 13th January 2011
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Get yourself over to the Retro Rides website and have a look in the Classifieds.

Always bargains coming up in there.

MDT

467 posts

173 months

Thursday 13th January 2011
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Get some cash together (as in folding)
Get on to Gumtree and scan this a few times a day. The cheap stuff seams to be there but it goes quick.
And bid them hard when you have seen something you like

anonymous-user

55 months

Thursday 13th January 2011
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Friend picked up a 1990 Prelude for £600. Years ticket, 2.0i 4ws, loads of electric toys, very clean, good tyres, brilliant. I'm actually a bit jealous of it.

GreatGranny

9,128 posts

227 months

Thursday 13th January 2011
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Just been on Retro rides and they have a Budget Motoring section as well as their regular for sale section.


WeirdNeville

5,963 posts

216 months

Thursday 13th January 2011
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Opulent said:
Friend picked up a 1990 Prelude for £600. Years ticket, 2.0i 4ws, loads of electric toys, very clean, good tyres, brilliant. I'm actually a bit jealous of it.
Pah! He was ripped!
Try a 1997 BMW 328i for only £100 more. (see my profile) - they go for that all the time.
But yes, the combination of scrappage and high scrap prices have taken the real bottom end of the Market, i think. You've now got to have around £500 for something with a year left in it and not too many horror stories to tell.
The days of £50-£100 cars are gone.

skinley

1,681 posts

161 months

Thursday 13th January 2011
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Opulent said:
Friend picked up a 1990 Prelude for £600. Years ticket, 2.0i 4ws, loads of electric toys, very clean, good tyres, brilliant. I'm actually a bit jealous of it.
Just bought an 1989 one myself for £350 with 6 months t&t, 1 owner and 75,000 miles from new, Bargain.

ShadownINja

76,384 posts

283 months

Thursday 13th January 2011
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I suppose in time, the cheap cars will come back as the "scrappageable" cars start to filter down.

Jonathan27

694 posts

165 months

Thursday 13th January 2011
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MDT said:
Get some cash together (as in folding)
Get on to Gumtree and scan this a few times a day. The cheap stuff seams to be there but it goes quick.
And bid them hard when you have seen something you like
He's right, I just looked on Gumtree (Cambridge) and there are plenty of cars going for less than £500.

Burnham

3,668 posts

260 months

Thursday 13th January 2011
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I downgraded from a £56k 997S to a £300 Laguna.....In 16 months all I've had to do is MOT it (it passed) Tax it (cheap) and put petrol in it.

I've not even washed it since I bought it!

Works for me (at least while I'm between Porsches smile )


jdw1234

6,021 posts

216 months

Thursday 13th January 2011
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How do you scrap a car for £300?!

I live in Fulham and am about to try and get rid of a 1998 Passat 1.8T 16v with 138k on the clock.

I was going to use WBAC, but if I can scrap it for a couple of hundred I would be up for it!!


Lucas North

Original Poster:

1,777 posts

168 months

Thursday 13th January 2011
quotequote all
Thanks for the replies. I may well continue monitoring Gumtree, all of the sub-£500 are too small for my needs though.

Burnham said:
I downgraded from a £56k 997S to a £300 Laguna.....In 16 months all I've had to do is MOT it (it passed) Tax it (cheap) and put petrol in it.

I've not even washed it since I bought it!

Works for me (at least while I'm between Porsches smile )
Wish I had that sort of luck!

My current car has had a leaky heater matrix, screw through a front tyre - with the other on the front needing replacing as it was low, now it's got a leaky damper, suspicious clonking noise, wheel bearing that's shot and now, one of the front calipers has started sticking, so the MPG has taken a dive to the tune of 3mpg. Tax runs out end of February too.

Don't have the inclination, time or money to pile into it. But finding a replacement as suitable and economical seems even more expensive. frown

garethj

624 posts

198 months

Thursday 13th January 2011
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As ever, you need to shop carefully.

I got my fine motor for £400 about 3 months ago, other than a new exhaust back box (which I could have patched if I was really tight) it hasn't cost a bean.

7 seater, wafting lovliness for less than a set of tyres should cost? Bargains are still out there.

Burnham

3,668 posts

260 months

Thursday 13th January 2011
quotequote all
Lucas North said:
Thanks for the replies. I may well continue monitoring Gumtree, all of the sub-£500 are too small for my needs though.

Burnham said:
I downgraded from a £56k 997S to a £300 Laguna.....In 16 months all I've had to do is MOT it (it passed) Tax it (cheap) and put petrol in it.

I've not even washed it since I bought it!

Works for me (at least while I'm between Porsches smile )
Wish I had that sort of luck!

My current car has had a leaky heater matrix, screw through a front tyre - with the other on the front needing replacing as it was low, now it's got a leaky damper, suspicious clonking noise, wheel bearing that's shot and now, one of the front calipers has started sticking, so the MPG has taken a dive to the tune of 3mpg. Tax runs out end of February too.

Don't have the inclination, time or money to pile into it. But finding a replacement as suitable and economical seems even more expensive. frown
Yeah I was lucky, I'm only the second owner. Was close to 100k on the clock but I still bought it unseen...didnt even know what colour it was till I arrived to get it, but I though for £300 - what the hell. Was only supposed to be temporary, but whats not to like (apart from it being st).