The misunderstanding of the cost of modern cars
Discussion
[quote=Jonty3
55]£40k 
Or
And before anyone mentions running costs, consider the fact that the Ferrari has finished depreciating, where as the Golf in a few years will be worth about 20p!
[/quote]
Spot on.
Buy a 'future classic' which had good reviews when new when it's 8-10 years old as it will have done most of it's depreciation. Low depreciation leaves you free to spend your money on running it and it'll still be worth something when you come to sell.
55]£40k Or
And before anyone mentions running costs, consider the fact that the Ferrari has finished depreciating, where as the Golf in a few years will be worth about 20p!
[/quote]
Spot on.
Buy a 'future classic' which had good reviews when new when it's 8-10 years old as it will have done most of it's depreciation. Low depreciation leaves you free to spend your money on running it and it'll still be worth something when you come to sell.
This regularly comes up at work, colleagues saying they want to be a much more expensive car because it returns better MPG and is cheaper to tax. When in fact, my car that does 23mpg round the doors is really much cheaper to run, because the buy in cost is low! It's also much more fun that than a 1.0L diesel euro box too, though I doubt they buy cars for the fun and pleasure they provide.
Jonty355 said:
£40k
Or
And before anyone mentions running costs, consider the fact that the Ferrari has finished depreciating, where as the Golf in a few years will be worth about 20p!
put 60k miles on them over 5k years and see what the running costs are like Or
And before anyone mentions running costs, consider the fact that the Ferrari has finished depreciating, where as the Golf in a few years will be worth about 20p!
try going to asda with your family in the fezza and pickup a weekly shop, or try spending 3 hours a day in stop start traffic in it
and what about if you dont have a garage to keep a car in, the fezza's going to be in great condition after 5 years on the road
still it would be nice to have one to bring out at the weekend so that you can polish it to impress your neighbours
Dave Hedgehog said:
Jonty355 said:
£40k
Or
And before anyone mentions running costs, consider the fact that the Ferrari has finished depreciating, where as the Golf in a few years will be worth about 20p!
put 60k miles on them over 5k years and see what the running costs are like Or
And before anyone mentions running costs, consider the fact that the Ferrari has finished depreciating, where as the Golf in a few years will be worth about 20p!
try going to asda with your family in the fezza and pickup a weekly shop, or try spending 3 hours a day in stop start traffic in it
and what about if you dont have a garage to keep a car in, the fezza's going to be in great condition after 5 years on the road
still it would be nice to have one to bring out at the weekend so that you can polish it to impress your neighbours
I've taken the Fezza to the supermarket plenty of times. The boot is actually on par with the wifes Mini.
Jonty355 said:
Dave Hedgehog said:
Jonty355 said:
£40k
Or
And before anyone mentions running costs, consider the fact that the Ferrari has finished depreciating, where as the Golf in a few years will be worth about 20p!
put 60k miles on them over 5k years and see what the running costs are like Or
And before anyone mentions running costs, consider the fact that the Ferrari has finished depreciating, where as the Golf in a few years will be worth about 20p!
try going to asda with your family in the fezza and pickup a weekly shop, or try spending 3 hours a day in stop start traffic in it
and what about if you dont have a garage to keep a car in, the fezza's going to be in great condition after 5 years on the road
still it would be nice to have one to bring out at the weekend so that you can polish it to impress your neighbours
I've taken the Fezza to the supermarket plenty of times. The boot is actually on par with the wifes Mini.
Jonty355 said:
But if you dont do quite that much milage and you do have a garage.......
That's fine, but people don't (usually) buy Golfs to keep in the garage and only use now and again, so you're not comparing like with like.Here's a post on running costs of a Ferrari 355: http://www.pistonheads.com/gassing/topic.asp?h=0&a...
OK, it would be less that £7.30 per mile if the mileage was higher, but the total cost would be even higher!
PumpkinSteve said:
I know a tool who has never bought a new car in his life and somehow thinks they are dirt cheap. I bought a new Yaris years ago which cost nigh on £11k, so this lad says "oh, they're about £6k new aren't they?" followed by "£11k for a Yaris?!?!" 
An Aygo starts at £8.5k FFS.
He may be confusing 'cost' with 'worth'. An Aygo starts at £8.5k FFS.The inlaws ran a 355 from new for a year. The costs were astronomical.
I'd GENUINELY rather have the Golf.
If I want a Ferrari, I'll buy a newer one - either 430 or 458. Except they are rather pricey.
I'm always bemused by this "YOU SPENT £40k on a [insert name of new car] when you could have bought an Aston/Ferrari/whatever? ARE YOU MAD?" No actually, some people want a new car.
We've just spent a fairly eye watering (for us) amount on a camper van. Yes we COULD have bought a 911/355/fast luxobarge but we don't WANT one, we wouldn't all fit in it and wanted a new one. That way you don't make your bed on your used van and find a few pubes on the mattress that the dealer missed on his clean up... Not the same with a "normal" car but you get the idea.
I'd GENUINELY rather have the Golf.
If I want a Ferrari, I'll buy a newer one - either 430 or 458. Except they are rather pricey.
I'm always bemused by this "YOU SPENT £40k on a [insert name of new car] when you could have bought an Aston/Ferrari/whatever? ARE YOU MAD?" No actually, some people want a new car.
We've just spent a fairly eye watering (for us) amount on a camper van. Yes we COULD have bought a 911/355/fast luxobarge but we don't WANT one, we wouldn't all fit in it and wanted a new one. That way you don't make your bed on your used van and find a few pubes on the mattress that the dealer missed on his clean up... Not the same with a "normal" car but you get the idea.
This is mainly die to the fact the Euro used to be 1.45:£1 now it's 1.15:£1.
So anything produced totally outside the UK should go up by that amount.
Even building them in this country you need raw materials which are imported.
On top of these reasons cars have been under priced for a long time now it's catchup time.
There are fewer car manufacturers so less competition
Not great but there you go.
Might start to make people keep cars for longer
So anything produced totally outside the UK should go up by that amount.
Even building them in this country you need raw materials which are imported.
On top of these reasons cars have been under priced for a long time now it's catchup time.
There are fewer car manufacturers so less competition
Not great but there you go.
Might start to make people keep cars for longer
We had a Rover 800 a few years ago. Original sales receipt was for £31k, it was registered in 1992. I don't imagine a current Ford Mondeo is any less roomy inside these days, nor that the Fords build quality is any worse (probably a lot better...), and toys wise the Ford will be leagues ahead.
What does an averagely specced Mondeo cost these days?
What does an averagely specced Mondeo cost these days?
Gassing Station | General Gassing | Top of Page | What's New | My Stuff