So you spend money to save money??
Discussion
Can someone please explain this to me....
Several people I know have recently (this year) purchased brand new cars on finance/lease deals after chopping in their old car because the new car is "cheaper on fuel".
Now, I may be being stupid here but in all of these cases the lease deals alone cost around the same per month than what they were actually spending on fuel in the first place, let alone the additional cost to put fuel in the new car. They also say it's cheaper on tax (saving around £100 per year....wow!) but overall it doesn't actually work out any cheaper.....certainly once you find out after the 3 years is up they don't actually own a car and have diddly squat.
I recently sold my BMW E38 728i to make way for a BMW E65 745i (4.4 litre petrol V8); people think I'm absolutely mental because it'll cost a fortune to run. Fact is these people put down £2-3k deposit and then £250 per month in a lease deal so £3k PER year in just buying it, so £9k in 3yrs + deposit...I won't be spending that in fuel and I've still got a car at the end of it all.
I understand why people buy new cars, I'd love one, but to do it on the premise to save money on fuel, makes no sense to me. Can some please explain
Thanks
Several people I know have recently (this year) purchased brand new cars on finance/lease deals after chopping in their old car because the new car is "cheaper on fuel".
Now, I may be being stupid here but in all of these cases the lease deals alone cost around the same per month than what they were actually spending on fuel in the first place, let alone the additional cost to put fuel in the new car. They also say it's cheaper on tax (saving around £100 per year....wow!) but overall it doesn't actually work out any cheaper.....certainly once you find out after the 3 years is up they don't actually own a car and have diddly squat.
I recently sold my BMW E38 728i to make way for a BMW E65 745i (4.4 litre petrol V8); people think I'm absolutely mental because it'll cost a fortune to run. Fact is these people put down £2-3k deposit and then £250 per month in a lease deal so £3k PER year in just buying it, so £9k in 3yrs + deposit...I won't be spending that in fuel and I've still got a car at the end of it all.
I understand why people buy new cars, I'd love one, but to do it on the premise to save money on fuel, makes no sense to me. Can some please explain
Thanks
The people 'you know' are general Joe Public, and not informed Pistonheaders.
You, on the other hand are - and can see the fallacy in their silly logic.
That's it, basically.
With a final comment that most 'people' see cars and the expense of motoring in the same way that they see buying new white goods, or home improvements.
You, on the other hand are - and can see the fallacy in their silly logic.
That's it, basically.
With a final comment that most 'people' see cars and the expense of motoring in the same way that they see buying new white goods, or home improvements.
The only way i know of "spending money to save money" comes in the form of what ive just done.. Bought a new radiator and fitted it prior to the current one failing and thus costing me more than the £540 replacement!
As to the above, its crap - the same way i saved money by getting rid of my VXR for my Focus RS because i wouldn't be spending money tuning it...... Yeah that lasted.... all of 5 minutes.
As to the above, its crap - the same way i saved money by getting rid of my VXR for my Focus RS because i wouldn't be spending money tuning it...... Yeah that lasted.... all of 5 minutes.
The only way i know of "spending money to save money" comes in the form of what ive just done.. Bought a new radiator and fitted it prior to the current one failing and thus costing me more than the £540 replacement!
As to the above, its crap - the same way i saved money by getting rid of my VXR for my Focus RS because i wouldn't be spending money tuning it...... Yeah that lasted.... all of 5 minutes.
As to the above, its crap - the same way i saved money by getting rid of my VXR for my Focus RS because i wouldn't be spending money tuning it...... Yeah that lasted.... all of 5 minutes.
The only way i know of "spending money to save money" comes in the form of what ive just done.. Bought a new radiator and fitted it prior to the current one failing and thus costing me more than the £540 replacement!
As to the above, its crap - the same way i saved money by getting rid of my VXR for my Focus RS because i wouldn't be spending money tuning it...... Yeah that lasted.... all of 5 minutes.
As to the above, its crap - the same way i saved money by getting rid of my VXR for my Focus RS because i wouldn't be spending money tuning it...... Yeah that lasted.... all of 5 minutes.
Easy, new car breaks it gets fixed under warrenty. Old car breaks it costs you - potentially - a shed load.
I lease a new car, it's hassle free motoring, costs less a month than constantly fixing some semi- exotic used car that cost a similair amount to the total of the 2 year lease deal I'm on.
I will add that I do have a few 'project' cars kicking around, but I can work on those at my leisure as and when time/funds allow.
I lease a new car, it's hassle free motoring, costs less a month than constantly fixing some semi- exotic used car that cost a similair amount to the total of the 2 year lease deal I'm on.
I will add that I do have a few 'project' cars kicking around, but I can work on those at my leisure as and when time/funds allow.
A couple of years ago my parents part exchanged their V6 Hyundai and bought a year old Skoda Octavia 1.6 diesel with a loan. The savings from fuel, tax and insurance pay for the loan repayments, it comes with a warranty, no MOT for 2 more years and free servicing still. And they still get to keep the car at the end of the loan! As it was a year old it had already depreciated a fair chunk, and certainly won't depreciate like the Hyundai was!
Ray Luxury-Yacht said:
The people 'you know' are general Joe Public, and not informed Pistonheaders.
You, on the other hand are - and can see the fallacy in their silly logic.
That's it, basically.
With a final comment that most 'people' see cars and the expense of motoring in the same way that they see buying new white goods, or home improvements.
I can just picture you in my head....You, on the other hand are - and can see the fallacy in their silly logic.
That's it, basically.
With a final comment that most 'people' see cars and the expense of motoring in the same way that they see buying new white goods, or home improvements.
jimbop1 said:
Ray Luxury-Yacht said:
The people 'you know' are general Joe Public, and not informed Pistonheaders.
You, on the other hand are - and can see the fallacy in their silly logic.
That's it, basically.
With a final comment that most 'people' see cars and the expense of motoring in the same way that they see buying new white goods, or home improvements.
I can just picture you in my head....You, on the other hand are - and can see the fallacy in their silly logic.
That's it, basically.
With a final comment that most 'people' see cars and the expense of motoring in the same way that they see buying new white goods, or home improvements.
Depends on what you're comparing. For quite a long time it's been as cheap to lease/pcp a new car vs. a nearly new in some cases - see the M5 lease thread for a good example.
Personally I(we) do both although at the other end of the Market. Brand new run around for £100pm swapped every 1-2years. Costs £250 in tax and servicing, £1450* a year for hassle free motoring.
Until recently I had a 350z fully paid for etc. That easily cost £1500* a year to run. Now switched for a old A4 whilst we renovate a house, I reckon it'll still be £600* even without a major problem. ......New boost pipes which commonly fail are £190 for the genuine part - not many pattern parts available either. Just had to spend hours scouring eBay for one of those as £200 for a rubber pipe seemed wrong when the car only cost £700.
Best of both worlds for us and will probably keep this type although the cars will change.
Personally I(we) do both although at the other end of the Market. Brand new run around for £100pm swapped every 1-2years. Costs £250 in tax and servicing, £1450* a year for hassle free motoring.
Until recently I had a 350z fully paid for etc. That easily cost £1500* a year to run. Now switched for a old A4 whilst we renovate a house, I reckon it'll still be £600* even without a major problem. ......New boost pipes which commonly fail are £190 for the genuine part - not many pattern parts available either. Just had to spend hours scouring eBay for one of those as £200 for a rubber pipe seemed wrong when the car only cost £700.
Best of both worlds for us and will probably keep this type although the cars will change.
- excluding insurance and fuel.
The great thing about man-maths (PH version) is that by careful selection of the figures you can come to any conclusion that you want to. Therefore I can at the same time prove that it is cheaper to run either a new VW Up on a three-year PCP or a fifteen year old Mercedes S Class depending on how I feel. Therefore each of us is right and everyone else is wrong.
Edited by Justin Case on Saturday 12th October 11:18
Depends on how you feel about whether you own the car or not.
Mate of mine must be the local MB dealerships pin-up of the year. Both he and his wife both have MB's on lease, I think he has swapped his car twice in 2 years as he gets bored with them. Must be costing somewhere near £700 a month for the pair and at the end of the agreement thats it, start again.
We just p/x'd our car that we paid £9k for - trade in was £5k. £4k depreciation over 4 years is about £85 a month which we didnt think too bad.
When I buy an old car I often go through it checking the obvious costly things and replace stuff like odd tyres and cambelts if theyve not been done purely for peace of mind - which would come under spending to save...
Mate of mine must be the local MB dealerships pin-up of the year. Both he and his wife both have MB's on lease, I think he has swapped his car twice in 2 years as he gets bored with them. Must be costing somewhere near £700 a month for the pair and at the end of the agreement thats it, start again.
We just p/x'd our car that we paid £9k for - trade in was £5k. £4k depreciation over 4 years is about £85 a month which we didnt think too bad.
When I buy an old car I often go through it checking the obvious costly things and replace stuff like odd tyres and cambelts if theyve not been done purely for peace of mind - which would come under spending to save...
I'm hoping I can run a C5 RS6 for less than what my 330d E 90 had cost me. Total car ownership costs both bought outright.
Thing is with these older cars is if something goes wrong its possibly 30%+ of the value of the car to fix it.
Also selling such a car can take ages as who wants a big heavy on fuel car ? Sure it appeals a lot to Phers but even so not to that many.
!
Thing is with these older cars is if something goes wrong its possibly 30%+ of the value of the car to fix it.
Also selling such a car can take ages as who wants a big heavy on fuel car ? Sure it appeals a lot to Phers but even so not to that many.
!
Wills2 said:
Yes the argument doesn't make sense, they are simply trying to justify their new purchase, but heh so what it's their money and it adds a little bit of grease to the wheel.
They feel wrong about saying "I want a new car" as it's a lot of money. If you push them enough, they eventually will admit its because it's what they want. I see nothing wrong with that.Gassing Station | General Gassing | Top of Page | What's New | My Stuff