running two cars, is it worth it?
Discussion
I'm spending alot on petrol at the moment and piling on the miles with an older turbo petrol car, it can get decent mpg but only at a steady 70. I'm doing over 300 miles a week and it's needing more and more maintainence as the miles pile on.
I'm not hugely attached to it so could sell it but I have spent a bit on it I'll never get back so want to keep it a bit longer. I had a plan for it I want to finish.
I also intended on getting rid of it for a 330d but the economy in real life is too close to make the manmaths work.
So my original plan was to buy a little mr2 or something sporty for work as a sporty second car with my tax rebate but things changed and I'm moving further away from work so I'm thinking about a cheapo oil burner like a mk1 focus tdci or 307 hdi, see both for £500 or so around my way.
Am i onto a false economy here or a good way of saving some money, I look after any car in my care so I can't see losing money?
I just want to stop spending £500 a month just getting to an entry level job, the money will go up when the company puts me through my c1 licence and I've completed all the installer training but for now I'm running the car on a payday to payday basis.
I'm not hugely attached to it so could sell it but I have spent a bit on it I'll never get back so want to keep it a bit longer. I had a plan for it I want to finish.
I also intended on getting rid of it for a 330d but the economy in real life is too close to make the manmaths work.
So my original plan was to buy a little mr2 or something sporty for work as a sporty second car with my tax rebate but things changed and I'm moving further away from work so I'm thinking about a cheapo oil burner like a mk1 focus tdci or 307 hdi, see both for £500 or so around my way.
Am i onto a false economy here or a good way of saving some money, I look after any car in my care so I can't see losing money?
I just want to stop spending £500 a month just getting to an entry level job, the money will go up when the company puts me through my c1 licence and I've completed all the installer training but for now I'm running the car on a payday to payday basis.
Sorry for the late reply, I've been busy at work all week. Thanks for the replies and some good points to mull over.
Somebody asked what car it is, it's only a Skoda Octavia 1.8 turbo, it's a weird luxury version but interesting enough to make me want to save it. I've ended up holding onto it for longer than any other car ive owned and it had major issues, which got sorted.
It now needs a bit of home restoration to make it as good as it can be.
I dont want it to defeat me before I'm done with it so it's a keeper for another couple of years at least. I want to see it through.
I do 60 miles down the M4 and M49 every day, it'd suit a diesel perfectly with the miles I do it'd pay for itself after a year. I have thought about the bike licence especially as bikes go toll free over the severn, but going into winter is really the wrong time to do it IMO.
I'm looking to spend £500 so depreciation is of no consequence to me. The car it'd be supplementing is at the bottom of its depreciation curve anyway.
I can get half decent mpg out of it but that's really concentrating on timings so everything's gentle, when I was flusher it's natural return was low 30s, but it's more the milage it's doing.
The extra routine maintainence on top of the mild restoration maintainence is getting the point that I've got nothing left to add to my savings.
Somebody asked what car it is, it's only a Skoda Octavia 1.8 turbo, it's a weird luxury version but interesting enough to make me want to save it. I've ended up holding onto it for longer than any other car ive owned and it had major issues, which got sorted.
It now needs a bit of home restoration to make it as good as it can be.
I dont want it to defeat me before I'm done with it so it's a keeper for another couple of years at least. I want to see it through.
I do 60 miles down the M4 and M49 every day, it'd suit a diesel perfectly with the miles I do it'd pay for itself after a year. I have thought about the bike licence especially as bikes go toll free over the severn, but going into winter is really the wrong time to do it IMO.
I'm looking to spend £500 so depreciation is of no consequence to me. The car it'd be supplementing is at the bottom of its depreciation curve anyway.
I can get half decent mpg out of it but that's really concentrating on timings so everything's gentle, when I was flusher it's natural return was low 30s, but it's more the milage it's doing.
The extra routine maintainence on top of the mild restoration maintainence is getting the point that I've got nothing left to add to my savings.
Edited by KM666 on Sunday 2nd October 22:48
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