Its 1980 Need advice: buy or lease my next sporting exec?
Discussion
Hi everyone, 1980 here. I am looking for a sporting exec for the daily commute. Im now a senior manager and dont fancy the Granada. Opel Monza is out, too. I need a sporting exec, and leasing is an option. Always liked Lancia. YES I know they are bit specialist, but they sell more in the UK then that other sporting pretender, BMW. Bigger dealer network, too. The M11 has just opened so getting to Cambridge is now easy, thankfully. I was reading Motor magazine and saw the following deals. Wadd'ya reckon??
20200328_084945 by willpresland, on Flickr
Lease for £12.50 per week seems good- £50 per month. Should I follow the herd of look to BMW??? I'm sure the leasing brigade will have an opinion. I think this is a good deal. But Wait a minute...
20200328_084958 by willpresland, on Flickr
Now thats a deal! OK its buy ancd not lease, but I should be able to find the £5k. Wonder why the deal is so good....
20200328_085032 by willpresland, on Flickr
Ah. Thats not so good. But thats not new cars surely? And they have a strong reputation for quality engineering. Probably like those rusty Mercs from 20 years in the future. Easily forgive and forget, I bet.
20200328_085255 by willpresland, on Flickr
Anyhow, these nice fellows will lease me a BMW. I bet all the nice people will be driving BMWs in the 1980s. Radlett can be a pain to get to: down the M11 then along the north circular. Wish they'd hurry up with the London orgital ring road.... A Lancia for £50 a month or the new 520 for £250/month. The difference will pay for a Hoseasons holiday over a year...
20200328_085314 by willpresland, on Flickr
Not sure I want a Fiat. Now they DO rust...
20200328_085201 by [url=https://www.flickr.com/photos/37932988@N08/]
A bit left-field, but Colin Chapman designs great cars. Actually, that 924 is bound to hold its value. And that 2 year ols XJS will probably increase in value over the next few years!
What should I do??
(All in jest, of course)
20200328_084945 by willpresland, on FlickrLease for £12.50 per week seems good- £50 per month. Should I follow the herd of look to BMW??? I'm sure the leasing brigade will have an opinion. I think this is a good deal. But Wait a minute...
20200328_084958 by willpresland, on FlickrNow thats a deal! OK its buy ancd not lease, but I should be able to find the £5k. Wonder why the deal is so good....
20200328_085032 by willpresland, on FlickrAh. Thats not so good. But thats not new cars surely? And they have a strong reputation for quality engineering. Probably like those rusty Mercs from 20 years in the future. Easily forgive and forget, I bet.
20200328_085255 by willpresland, on FlickrAnyhow, these nice fellows will lease me a BMW. I bet all the nice people will be driving BMWs in the 1980s. Radlett can be a pain to get to: down the M11 then along the north circular. Wish they'd hurry up with the London orgital ring road.... A Lancia for £50 a month or the new 520 for £250/month. The difference will pay for a Hoseasons holiday over a year...
20200328_085314 by willpresland, on FlickrNot sure I want a Fiat. Now they DO rust...
20200328_085201 by [url=https://www.flickr.com/photos/37932988@N08/]A bit left-field, but Colin Chapman designs great cars. Actually, that 924 is bound to hold its value. And that 2 year ols XJS will probably increase in value over the next few years!
What should I do??
(All in jest, of course)
Brilliant post!
But if I was you I would wait a few months in case someone came up with a sporting coupe that was genuinely innovative. It would need a unique selling point: something like 4wd and a turbocharged engine, and ideally made by someone with a fairly dowdy image.
Oh, and don't worry about that new Reagan bloke, surely he'll never stick around and future presidents will be far more sensible.
But if I was you I would wait a few months in case someone came up with a sporting coupe that was genuinely innovative. It would need a unique selling point: something like 4wd and a turbocharged engine, and ideally made by someone with a fairly dowdy image.
Oh, and don't worry about that new Reagan bloke, surely he'll never stick around and future presidents will be far more sensible.
Turbobanana said:
Brilliant post!
But if I was you I would wait a few months in case someone came up with a sporting coupe that was genuinely innovative. It would need a unique selling point: something like 4wd and a turbocharged engine, and ideally made by someone with a fairly dowdy image.
Was thinking exactly the same but unless you want LHD you're going to have to wait another couple of years, or get a conversion done.But if I was you I would wait a few months in case someone came up with a sporting coupe that was genuinely innovative. It would need a unique selling point: something like 4wd and a turbocharged engine, and ideally made by someone with a fairly dowdy image.
Party-pooper reality check:
(Source: https://www.bankofengland.co.uk/monetary-policy/in... )
The Lancia at £50 per month in 1980, equates to @ £216 per month in today's money.
The BMW at £250 per month in 1980, equates to @ £1080 per month in today's money.
The Lotus Esprit S2 at £286 per month in 1980, equates to @ £1218 per month in today's money.
That brand new BMW 520 might look a bargain at £9,250 on the face of it, but in today's money, that's a £39,965 car, at a time when people earned a lot less than they do today.
People look back and see old adverts from back in the day, of almost new cars such as Ferrari 308's for sale at dealerships for £15K~£25K, think of them in terms of what £15K~£25K is worth today, and think that they were bargains. The reality is, they were still @ 3 to 5 (or more) times the average working man's wage at the time.
It's all very well looking back at the advertised "low" prices of cars from back in the day, and thinking to yourself: "Damn, I wish I'd have bought one of those back then!", but chances are, you didn't have anything like that amount of money available at the time.
The reality is, the cars might look like bargains, looking back today, but at the time, they were actually bl00dy expensive!
(Source: https://www.bankofengland.co.uk/monetary-policy/in... )
The Lancia at £50 per month in 1980, equates to @ £216 per month in today's money.
The BMW at £250 per month in 1980, equates to @ £1080 per month in today's money.
The Lotus Esprit S2 at £286 per month in 1980, equates to @ £1218 per month in today's money.
That brand new BMW 520 might look a bargain at £9,250 on the face of it, but in today's money, that's a £39,965 car, at a time when people earned a lot less than they do today.
People look back and see old adverts from back in the day, of almost new cars such as Ferrari 308's for sale at dealerships for £15K~£25K, think of them in terms of what £15K~£25K is worth today, and think that they were bargains. The reality is, they were still @ 3 to 5 (or more) times the average working man's wage at the time.
It's all very well looking back at the advertised "low" prices of cars from back in the day, and thinking to yourself: "Damn, I wish I'd have bought one of those back then!", but chances are, you didn't have anything like that amount of money available at the time.
The reality is, the cars might look like bargains, looking back today, but at the time, they were actually bl00dy expensive!
4rephill said:
Party-pooper reality check:
(Source: https://www.bankofengland.co.uk/monetary-policy/in... )
The Lancia at £50 per month in 1980, equates to @ £216 per month in today's money.
The BMW at £250 per month in 1980, equates to @ £1080 per month in today's money.
The Lotus Esprit S2 at £286 per month in 1980, equates to @ £1218 per month in today's money.
That brand new BMW 520 might look a bargain at £9,250 on the face of it, but in today's money, that's a £39,965 car, at a time when people earned a lot less than they do today.
People look back and see old adverts from back in the day, of almost new cars such as Ferrari 308's for sale at dealerships for £15K~£25K, think of them in terms of what £15K~£25K is worth today, and think that they were bargains. The reality is, they were still @ 3 to 5 (or more) times the average working man's wage at the time.
It's all very well looking back at the advertised "low" prices of cars from back in the day, and thinking to yourself: "Damn, I wish I'd have bought one of those back then!", but chances are, you didn't have anything like that amount of money available at the time.
The reality is, the cars might look like bargains, looking back today, but at the time, they were actually bl00dy expensive!
very much this ^^^ I suspect that the APR on that HP would've been eye-watering too!(Source: https://www.bankofengland.co.uk/monetary-policy/in... )
The Lancia at £50 per month in 1980, equates to @ £216 per month in today's money.
The BMW at £250 per month in 1980, equates to @ £1080 per month in today's money.
The Lotus Esprit S2 at £286 per month in 1980, equates to @ £1218 per month in today's money.
That brand new BMW 520 might look a bargain at £9,250 on the face of it, but in today's money, that's a £39,965 car, at a time when people earned a lot less than they do today.
People look back and see old adverts from back in the day, of almost new cars such as Ferrari 308's for sale at dealerships for £15K~£25K, think of them in terms of what £15K~£25K is worth today, and think that they were bargains. The reality is, they were still @ 3 to 5 (or more) times the average working man's wage at the time.
It's all very well looking back at the advertised "low" prices of cars from back in the day, and thinking to yourself: "Damn, I wish I'd have bought one of those back then!", but chances are, you didn't have anything like that amount of money available at the time.
The reality is, the cars might look like bargains, looking back today, but at the time, they were actually bl00dy expensive!
williamp said:
Hi everyone, 1980 here. I am looking for a sporting exec for the daily commute. Im now a senior manager and dont fancy the Granada. Opel Monza is out, too. I need a sporting exec, and leasing is an option. Always liked Lancia. YES I know they are bit specialist, but they sell more in the UK then that other sporting pretender, BMW. Bigger dealer network, too. The M11 has just opened so getting to Cambridge is now easy, thankfully. I was reading Motor magazine and saw the following deals. Wadd'ya reckon??
20200328_085201 by [url=https://www.flickr.com/photos/37932988@N08/]
A bit left-field, but Colin Chapman designs great cars. Actually, that 924 is bound to hold its value. And that 2 year ols XJS will probably increase in value over the next few years!
What should I do??
(All in jest, of course)
Brilliant post! I'm gobsmacked that a Lotus Elite was more to lease than an Esprit - am I missing something? 20200328_085201 by [url=https://www.flickr.com/photos/37932988@N08/]A bit left-field, but Colin Chapman designs great cars. Actually, that 924 is bound to hold its value. And that 2 year ols XJS will probably increase in value over the next few years!
What should I do??
(All in jest, of course)
lowdrag said:
1980 huh? I bought a new house at a fixed price in May 1979 and arranged a mortgage at a mere 9%. By the time the house was built and I had moved in in December 1979 the mortgage rate had gone up to 16%. That was £100 per month more. Stuff your new cars!
Same thing happened to me in 1988!4rephill said:
Party-pooper reality check:
(Source: https://www.bankofengland.co.uk/monetary-policy/in... )
The Lancia at £50 per month in 1980, equates to @ £216 per month in today's money.
The BMW at £250 per month in 1980, equates to @ £1080 per month in today's money.
The Lotus Esprit S2 at £286 per month in 1980, equates to @ £1218 per month in today's money.
That brand new BMW 520 might look a bargain at £9,250 on the face of it, but in today's money, that's a £39,965 car, at a time when people earned a lot less than they do today.
People look back and see old adverts from back in the day, of almost new cars such as Ferrari 308's for sale at dealerships for £15K~£25K, think of them in terms of what £15K~£25K is worth today, and think that they were bargains. The reality is, they were still @ 3 to 5 (or more) times the average working man's wage at the time.
It's all very well looking back at the advertised "low" prices of cars from back in the day, and thinking to yourself: "Damn, I wish I'd have bought one of those back then!", but chances are, you didn't have anything like that amount of money available at the time.
The reality is, the cars might look like bargains, looking back today, but at the time, they were actually bl00dy expensive!
When BMW's and Mercs etc had virtually all West German content and were expensive to make due to that and lower volumes. (Source: https://www.bankofengland.co.uk/monetary-policy/in... )
The Lancia at £50 per month in 1980, equates to @ £216 per month in today's money.
The BMW at £250 per month in 1980, equates to @ £1080 per month in today's money.
The Lotus Esprit S2 at £286 per month in 1980, equates to @ £1218 per month in today's money.
That brand new BMW 520 might look a bargain at £9,250 on the face of it, but in today's money, that's a £39,965 car, at a time when people earned a lot less than they do today.
People look back and see old adverts from back in the day, of almost new cars such as Ferrari 308's for sale at dealerships for £15K~£25K, think of them in terms of what £15K~£25K is worth today, and think that they were bargains. The reality is, they were still @ 3 to 5 (or more) times the average working man's wage at the time.
It's all very well looking back at the advertised "low" prices of cars from back in the day, and thinking to yourself: "Damn, I wish I'd have bought one of those back then!", but chances are, you didn't have anything like that amount of money available at the time.
The reality is, the cars might look like bargains, looking back today, but at the time, they were actually bl00dy expensive!
4rephill said:
Party-pooper reality check:
(Source: https://www.bankofengland.co.uk/monetary-policy/in... )
The Lancia at £50 per month in 1980, equates to @ £216 per month in today's money.
The BMW at £250 per month in 1980, equates to @ £1080 per month in today's money.
The Lotus Esprit S2 at £286 per month in 1980, equates to @ £1218 per month in today's money.
That brand new BMW 520 might look a bargain at £9,250 on the face of it, but in today's money, that's a £39,965 car, at a time when people earned a lot less than they do today.
People look back and see old adverts from back in the day, of almost new cars such as Ferrari 308's for sale at dealerships for £15K~£25K, think of them in terms of what £15K~£25K is worth today, and think that they were bargains. The reality is, they were still @ 3 to 5 (or more) times the average working man's wage at the time.
It's all very well looking back at the advertised "low" prices of cars from back in the day, and thinking to yourself: "Damn, I wish I'd have bought one of those back then!", but chances are, you didn't have anything like that amount of money available at the time.
The reality is, the cars might look like bargains, looking back today, but at the time, they were actually bl00dy expensive!
Not only that, they and Mercedes 200s were ridiculously ridiculously Spartan. Even a bloody radio was an optional extra.(Source: https://www.bankofengland.co.uk/monetary-policy/in... )
The Lancia at £50 per month in 1980, equates to @ £216 per month in today's money.
The BMW at £250 per month in 1980, equates to @ £1080 per month in today's money.
The Lotus Esprit S2 at £286 per month in 1980, equates to @ £1218 per month in today's money.
That brand new BMW 520 might look a bargain at £9,250 on the face of it, but in today's money, that's a £39,965 car, at a time when people earned a lot less than they do today.
People look back and see old adverts from back in the day, of almost new cars such as Ferrari 308's for sale at dealerships for £15K~£25K, think of them in terms of what £15K~£25K is worth today, and think that they were bargains. The reality is, they were still @ 3 to 5 (or more) times the average working man's wage at the time.
It's all very well looking back at the advertised "low" prices of cars from back in the day, and thinking to yourself: "Damn, I wish I'd have bought one of those back then!", but chances are, you didn't have anything like that amount of money available at the time.
The reality is, the cars might look like bargains, looking back today, but at the time, they were actually bl00dy expensive!
This was why the plushly trimmed Ford Granada and Vauxhall Senators offering big V or straight six engines, velour trim, electric windows, wind up sunroofs and mechanical remotely adjusting mirrors for the price of a poverty spec 518 sporting less kit than a Cortina GL.
Tannedbaldhead said:
4rephill said:
Party-pooper reality check:
(Source: https://www.bankofengland.co.uk/monetary-policy/in... )
The Lancia at £50 per month in 1980, equates to @ £216 per month in today's money.
The BMW at £250 per month in 1980, equates to @ £1080 per month in today's money.
The Lotus Esprit S2 at £286 per month in 1980, equates to @ £1218 per month in today's money.
That brand new BMW 520 might look a bargain at £9,250 on the face of it, but in today's money, that's a £39,965 car, at a time when people earned a lot less than they do today.
People look back and see old adverts from back in the day, of almost new cars such as Ferrari 308's for sale at dealerships for £15K~£25K, think of them in terms of what £15K~£25K is worth today, and think that they were bargains. The reality is, they were still @ 3 to 5 (or more) times the average working man's wage at the time.
It's all very well looking back at the advertised "low" prices of cars from back in the day, and thinking to yourself: "Damn, I wish I'd have bought one of those back then!", but chances are, you didn't have anything like that amount of money available at the time.
The reality is, the cars might look like bargains, looking back today, but at the time, they were actually bl00dy expensive!
Not only that, they and Mercedes 200s were ridiculously ridiculously Spartan. Even a bloody radio was an optional extra.(Source: https://www.bankofengland.co.uk/monetary-policy/in... )
The Lancia at £50 per month in 1980, equates to @ £216 per month in today's money.
The BMW at £250 per month in 1980, equates to @ £1080 per month in today's money.
The Lotus Esprit S2 at £286 per month in 1980, equates to @ £1218 per month in today's money.
That brand new BMW 520 might look a bargain at £9,250 on the face of it, but in today's money, that's a £39,965 car, at a time when people earned a lot less than they do today.
People look back and see old adverts from back in the day, of almost new cars such as Ferrari 308's for sale at dealerships for £15K~£25K, think of them in terms of what £15K~£25K is worth today, and think that they were bargains. The reality is, they were still @ 3 to 5 (or more) times the average working man's wage at the time.
It's all very well looking back at the advertised "low" prices of cars from back in the day, and thinking to yourself: "Damn, I wish I'd have bought one of those back then!", but chances are, you didn't have anything like that amount of money available at the time.
The reality is, the cars might look like bargains, looking back today, but at the time, they were actually bl00dy expensive!
This was why the plushly trimmed Ford Granada and Vauxhall Senators offering big V or straight six engines, velour trim, electric windows, wind up sunroofs and mechanical remotely adjusting mirrors for the price of a poverty spec 518 sporting less kit than a Cortina GL.
Not a chance.
In 1982, an E28 528i with alloys, electric windows etc wasn't a lot dearer than a Granada Ghia. £12'750 for a 528i or £14'495 for the SE with all the toys versus £13'400 for a Granada 2.8i Ghia. A Mercedes 280E W123 was £12'800 and they came with alloys, electric windows, PAS etc.
Ford got too greedy in the late seventies and early eighties; yes they were very good, but they weren't a Mercedes or a BMW. So began the slow decline of the Granada no matter what trinkets it had.
In 1982, an E28 528i with alloys, electric windows etc wasn't a lot dearer than a Granada Ghia. £12'750 for a 528i or £14'495 for the SE with all the toys versus £13'400 for a Granada 2.8i Ghia. A Mercedes 280E W123 was £12'800 and they came with alloys, electric windows, PAS etc.
Ford got too greedy in the late seventies and early eighties; yes they were very good, but they weren't a Mercedes or a BMW. So began the slow decline of the Granada no matter what trinkets it had.
lowdrag said:
1980 huh? I bought a new house at a fixed price in May 1979 and arranged a mortgage at a mere 9%. By the time the house was built and I had moved in in December 1979 the mortgage rate had gone up to 16%. That was £100 per month more. Stuff your new cars!
So if you went for the Lancia you'd have a nice, shiny new car to impress the male neighbous and a household full of new appliances to impress the housewifes. Win-win as Larry Grayson would probably say...williamp said:
So if you went for the Lancia you'd have a nice, shiny new car to impress the male neighbous and a household full of new appliances to impress the housewifes. Win-win as Larry Grayson would probably say...
Ironically, the Lancia was built from the same steel as the washing machine, as it turns out.Gassing Station | Classic Cars and Yesterday's Heroes | Top of Page | What's New | My Stuff