When to call it a day with the current shed and replace it?
Discussion
I've ran a 2001 XC70 for the past year which I paid shed money for. It's covered a little over 30k in that year and apart from consumables I have had to replace a thermostat and brake discs/calipers.
Its going to need 4 new tyres soon and it also came up with a fault today regarding the ABS Module. Volvo want over £800 for the part although I can get the current one repaired for ~£150.
What would you do? repair the module and purchase the new tyres or call it a day, weigh it in and start over?
Its going to need 4 new tyres soon and it also came up with a fault today regarding the ABS Module. Volvo want over £800 for the part although I can get the current one repaired for ~£150.
What would you do? repair the module and purchase the new tyres or call it a day, weigh it in and start over?
anyideas said:
I've ran a 2001 XC70 for the past year which I paid shed money for. It's covered a little over 30k in that year and apart from consumables I have had to replace a thermostat and brake discs/calipers.
I'd say you've done very well to get 30k miles out of a 12 year old car, and only have to replace those items.If the car still suits your needs, then fix the stuff that needs fixing, and keep it a bit longer.
As a keen shedder myself it's tough. Part of the appeal for some I as you've not got much invested in a shed you chop and change when you feel like it. I started out with 300 quid sheds, went to 500 and spent 930 on my last. In over a year it's only needed 4 new tyres, MOT is next month so will weigh it up then. I've found myself wanting to change a couple of times but wouldn't know what I'd replace it with even if were to spend well over shed money.
excel monkey said:
I'd say you've done very well to get 30k miles out of a 12 year old car, and only have to replace those items.
Eh? I think you may have "young" car mentality. I have run lots of "old" cars at significantly more annual mileage than that and had nothing other than normal service items and consumables to deal with. Put it this way this is my opinion - http://www.ebay.co.uk/itm/1996-PEUGEOT-106-XLD-GRE...
Gave me about 10-15000 miles of faithful service without blinking an eye, can't justify replacing clutch and other little bits any more. Would rather something newer.
To be fair I think realistically a car of this kind will go on til the moon has crashed into the planet but it's what you feel at the end of the day...
Gave me about 10-15000 miles of faithful service without blinking an eye, can't justify replacing clutch and other little bits any more. Would rather something newer.
To be fair I think realistically a car of this kind will go on til the moon has crashed into the planet but it's what you feel at the end of the day...
exceed said:
Put it this way this is my opinion - http://www.ebay.co.uk/itm/1996-PEUGEOT-106-XLD-GRE...
Gave me about 10-15000 miles of faithful service without blinking an eye, can't justify replacing clutch and other little bits any more. Would rather something newer.
To be fair I think realistically a car of this kind will go on til the moon has crashed into the planet but it's what you feel at the end of the day...
Not a bad buy if it goes for £300 - clutch is an easy job, do the driveshaft and brake pads at the same time. Total cost should be <£100 if you can pick up the spanners yourself.Gave me about 10-15000 miles of faithful service without blinking an eye, can't justify replacing clutch and other little bits any more. Would rather something newer.
To be fair I think realistically a car of this kind will go on til the moon has crashed into the planet but it's what you feel at the end of the day...
big_boz said:
Eh? I think you may have "young" car mentality.
You're probably right. My oldest car is a mere 9 years old. Who am I to give advice?big_boz said:
I have run lots of "old" cars at significantly more annual mileage than that and had nothing other than normal service items and consumables to deal with.
Good for you. Outside your sample of one, do you concede that cars over 10 years old may need additional repairs beyond consumables just occasionally?I still think the OP is winning at the bangernomics game so far, and should keep his car and fix the current problems with it.
Edited by excel monkey on Monday 9th September 15:13
SuperHangOn said:
And the chance of buying a cheap replacement car which doesn't at least need tyres is... ?
Just picked up a 2001 Subaru Outback H6-3.0 for 1600 quid. First owner, 95K, full service hist @ dealer, 4 new proper tyres this April. Needed a wash and yes there are some scratches on the bumper.SuperHangOn said:
And the chance of buying a cheap replacement car which doesn't at least need tyres is... ?
Just picked up a 2001 Subaru Outback H6-3.0 for 1600 quid. First owner, 95K, full service hist @ dealer, 4 new proper tyres this April. Needed a wash and yes there are some scratches on the bumper.excel monkey said:
big_boz said:
Eh? I think you may have "young" car mentality.
You're probably right. My oldest car is a mere 9 years old. Who am I to give advice?big_boz said:
I have run lots of "old" cars at significantly more annual mileage than that and had nothing other than normal service items and consumables to deal with.
Good for you. Outside your sample of one, do you concede that cars over 10 years old may need additional repairs beyond consumables just occasionally?I still think the OP is winning at the bangernomics game so far, and should keep his car and fix the current problems with it.
Edited by excel monkey on Monday 9th September 15:13
And i was not suggesting that Op should get rid of his car
Those extended warranty adverts make me laugh (and cringe!). It's crazy how many people actually believe it's really perilous to run a car out of warranty, ironically they're usually the ones with hardly any experience of running an older car and losing a fortune by buying new and selling at 3 years old.
But then it's easy for me to say as bangernomics works a lot better when you can do the spannery stuff yourself..
But then it's easy for me to say as bangernomics works a lot better when you can do the spannery stuff yourself..
If I spend the money on the tyres and repair the ABS Module that's £400-500, realistically the car is probably not worth much more.
The car has been great over the past 12 months and I've got my money's worth out of it, I just have this fear that something else may crop up another month or two down the line and I'd throw more money at it knowing I've just put new tyres on it.
The car has been great over the past 12 months and I've got my money's worth out of it, I just have this fear that something else may crop up another month or two down the line and I'd throw more money at it knowing I've just put new tyres on it.
so.... 400-500 to repair a car worth say 600....
there is always the issue in bangernomics of " if I pay this now, I will pay more later just because I already have xxx amount invested". Unless you are going to keep the car long term you need to be ruthless and dump the thing. Run it until it can run no more, drive it to the scrappies, get £140-150 for it, that plus the £450 you saved on repairs gets you a nice motor with a fair bit of MOT and with luck some tax.
there is always the issue in bangernomics of " if I pay this now, I will pay more later just because I already have xxx amount invested". Unless you are going to keep the car long term you need to be ruthless and dump the thing. Run it until it can run no more, drive it to the scrappies, get £140-150 for it, that plus the £450 you saved on repairs gets you a nice motor with a fair bit of MOT and with luck some tax.
anyideas said:
If I spend the money on the tyres and repair the ABS Module that's £400-500, realistically the car is probably not worth much more.
The car has been great over the past 12 months and I've got my money's worth out of it, I just have this fear that something else may crop up another month or two down the line and I'd throw more money at it knowing I've just put new tyres on it.
Where are you getting the idea of the car only being worth 4-500? A quick search online and I can't find one for much less than £2k...The car has been great over the past 12 months and I've got my money's worth out of it, I just have this fear that something else may crop up another month or two down the line and I'd throw more money at it knowing I've just put new tyres on it.
Going by that alone I would say it is worth getting the fault reset, get 4 tyres stuck on and then stick it up for sale.
If the repair costs more than what I paid for the car I'd weigh it in... my most expensive car so far was a £500 Xreg Fiesta diseasal.
Repair it for £500 and run it for another year
or
scrap it, buy something else for £500 and run that for a year...
it's still £500 plus running costs either way you do it.
Repair it for £500 and run it for another year
or
scrap it, buy something else for £500 and run that for a year...
it's still £500 plus running costs either way you do it.
Edited by leafspring on Tuesday 10th September 15:51
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