Unintended mileage- curse or opportunity?
Discussion
So most of the time I generally know I do about 10K miles per year. This is what I tell the insurers, and I consider this to be a pretty average and acceptable rate to rack them up on my new-ish car.
Turns out my car share buddy is going on maternity, so that may go up to nearly 15K. This got me pondering- do you just go with it as a bit of a bugger, or buy something to take some of the hit this year and try to sell it without losing too much? I'm thinking small hot hatch (Clio 172, 206 GTI, Polo GTI, Ibiza Cupra, RS Twingo, Suzuki Swift Sport) or classic (Scimitar) for about £2K [it must fit 3 small dogs]. Buying private or even auction might be preferable.
Is this terrible man maths? Are the chances of a big bill + running costs too high to make this beneficial (i.e. additional devaluation of main car much less than cost of running second car for 9 months)?
Then I was thinking- what do people do if this added mileage thing happens when you're on a PCP/lease/HP whatever else limited mileage contract? It must happen a lot with people moving jobs/house etc. Do you re-negotiate your deal?
Turns out my car share buddy is going on maternity, so that may go up to nearly 15K. This got me pondering- do you just go with it as a bit of a bugger, or buy something to take some of the hit this year and try to sell it without losing too much? I'm thinking small hot hatch (Clio 172, 206 GTI, Polo GTI, Ibiza Cupra, RS Twingo, Suzuki Swift Sport) or classic (Scimitar) for about £2K [it must fit 3 small dogs]. Buying private or even auction might be preferable.
Is this terrible man maths? Are the chances of a big bill + running costs too high to make this beneficial (i.e. additional devaluation of main car much less than cost of running second car for 9 months)?
Then I was thinking- what do people do if this added mileage thing happens when you're on a PCP/lease/HP whatever else limited mileage contract? It must happen a lot with people moving jobs/house etc. Do you re-negotiate your deal?
Edited by General Zod on Monday 13th January 06:13
Pints said:
Can't imagine 5k would add a sufficient amount to insurance (or fuel) to warrant replacing a car. I'm all for man-maths, but I don't understand what it is you're trying to calculate.
If you want a new car, just do it.
sorry- for clarity it would be a second car just for the high mileage periodIf you want a new car, just do it.
running a second car will cost WAY more than what you would loose sticking 5k miles extra on your current car
the only reason you would want to do it is to stop the numbers going up, but they will go up anyway...
are you planning on keeping your current car for much longer?
think the cost of buying the second car, insurance, mot, tax, tyres, maintenance, mods (inevitable really?), depreciation, it all adds up too a lot no matter how cheaply you try and do it
the only reason you would want to do it is to stop the numbers going up, but they will go up anyway...
are you planning on keeping your current car for much longer?
think the cost of buying the second car, insurance, mot, tax, tyres, maintenance, mods (inevitable really?), depreciation, it all adds up too a lot no matter how cheaply you try and do it
It can be done cheaply if done right...
I drive two cars one for the winter and a cabriolet for the summer months.. And apart for a £10 admin charge for insurance it doesn't cost anymore.
My winter hack cost me (1995 A4) £281 4 years ago and my summer hack (1993 audi cab) cost £700 what I do is space the car tax so I put six months on each car one for the autumn/winter period and one for the so spring/summer period.
As for the insurance I just transfer it over for the 6 months on either car which normally cost around £10 extra and I book the mots in advance so I get two mots for 40 quid.
At the bottom end of the market there's zero depreciation to contend with plus I've got two extremely low mileage motors in superb condition which should last me years.
As for servicing if your going old school you don't have to contend with the main dealer servicing costs so I stock up on fully synthetic oil when it's cheap £9 at halfords this year so I service my cars for around £25 each..
Which get oil £9 oil filter£4 air filter £5 and a pollen filter £4 (only 1 car) plus I might throw in a set of new plugs every 10/15000 miles or so £5.
My cars never seem to do more than 5k each a year so in theory I'm putting less wear on them.
As for things such a brakes decent make pads etc are only about £12 and an easy job and if your tight as me buy two cars in the same colour as you only have to buy one touch up stick lol.
Also try and buy bigger petrol N/A engined cars if you can as it will save having to splash out on turbos etc if anything does go wrong..the more simple the better..
I drive two cars one for the winter and a cabriolet for the summer months.. And apart for a £10 admin charge for insurance it doesn't cost anymore.
My winter hack cost me (1995 A4) £281 4 years ago and my summer hack (1993 audi cab) cost £700 what I do is space the car tax so I put six months on each car one for the autumn/winter period and one for the so spring/summer period.
As for the insurance I just transfer it over for the 6 months on either car which normally cost around £10 extra and I book the mots in advance so I get two mots for 40 quid.
At the bottom end of the market there's zero depreciation to contend with plus I've got two extremely low mileage motors in superb condition which should last me years.
As for servicing if your going old school you don't have to contend with the main dealer servicing costs so I stock up on fully synthetic oil when it's cheap £9 at halfords this year so I service my cars for around £25 each..
Which get oil £9 oil filter£4 air filter £5 and a pollen filter £4 (only 1 car) plus I might throw in a set of new plugs every 10/15000 miles or so £5.
My cars never seem to do more than 5k each a year so in theory I'm putting less wear on them.
As for things such a brakes decent make pads etc are only about £12 and an easy job and if your tight as me buy two cars in the same colour as you only have to buy one touch up stick lol.
Also try and buy bigger petrol N/A engined cars if you can as it will save having to splash out on turbos etc if anything does go wrong..the more simple the better..
KTF said:
Riley Blue said:
Just do the mileage, stop agonising over it and wish that all of life's problems were so easy to solve.
This.Out of interest, what is the car that you dont want to put the additional 5k on?
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