Second cars

Poll: Second cars

Total Members Polled: 51

£0: 31%
£10-20: 2%
£20-50: 4%
£50-100: 14%
£100-150: 12%
£150+: 37%
Author
Discussion

LandingSpot

Original Poster:

2,084 posts

242 months

Sunday 17th April 2011
quotequote all
How much would you have to save each month on your "fun car" to make running a second worthwhile?

Am considering getting a banger to do the work miles in and wondered how others in similar situations compare. smile

TIA

mrmr96

13,736 posts

233 months

Sunday 17th April 2011
quotequote all
Depends on the number of miles you'll do, the cost of the car you plan to run as a daily. (i.e. what would you settle for.)

LandingSpot

Original Poster:

2,084 posts

242 months

Sunday 17th April 2011
quotequote all
I've worked out what I think I would save. I'm just curious to see if it falls in line with what others think is enough of a saving to make it a worthwhile excercise.

The banger would only be a grand or so's worth of hatchback, so nothing amazing. smile

mrmr96

13,736 posts

233 months

Sunday 17th April 2011
quotequote all
Ok, but it still depends. I do 50miles/day to work (appx). Fun car does 18-20mpg. Daily car does 38-45mpg. Saves well over £150/mth.

2 Wycked

2,335 posts

260 months

Sunday 17th April 2011
quotequote all
I wouldn't need to save anything, I hate having one car.

thinfourth2

32,414 posts

233 months

Sunday 17th April 2011
quotequote all
I have a daily shed as my fun car has no Sat nav, climate control, electric windows, radio, roof or doors

LandingSpot

Original Poster:

2,084 posts

242 months

Sunday 17th April 2011
quotequote all
mrmr96 said:
Ok, but it still depends. I do 50miles/day to work (appx). Fun car does 18-20mpg. Daily car does 38-45mpg. Saves well over £150/mth.
OK, about 150 miles per week. Daily doing 50mpg, fun car doing 25mpg. If fuel goes to 150ppl. I would rather look forward to a weekend's worth of hooning than have to be careful all week.

otolith

68,829 posts

233 months

Sunday 17th April 2011
quotequote all
Our shed is a 4wd estate car for fishing duties, tip runs, garden centre forays, airport runs, etc.

crofty1984

17,064 posts

233 months

Sunday 17th April 2011
quotequote all
For me, bought a 1.2 clio. At £100 a month less fuel It'll have paid for itself in a year (including insurance) Plus it means I can take the MX5 off the road and give it a good going over. To be fair if I ran the Mazda as a daily for another year it'd die.

Jasandjules

72,596 posts

258 months

Sunday 17th April 2011
quotequote all
Sorry, I don't really understand the question. You buy a toy, then you work around that to get a car that you use for the station/commuting/B&Q/Tesco etc..

JeS10

375 posts

195 months

Sunday 17th April 2011
quotequote all
I can't imagine many situations when it wouldn't be a benefit? Then again, it depends how unfriendly your fun car is to the wallet, and your commuting distance. A fun car could be a Fabia VRS, but the daily hack could be a BMW 740i. The saving will be dependent on the difference between cars, no?

The KA i just bought will do us for a daily, whilst it frees up the conscience to buy what ever it wants smile It saves me £250 p/m over the old, clapped out 9-5 I just gave up on. Not to mention I can fix anything on it, and get a fair bit of change from repairs. I'll be 21 in July, I hope to get something interesting in the Winter, but the second car is essential for insurance purposes, daily running, dependability... the list goes on. Even if you save £50, it surely warrants the running of two cars? I guess there is a bigger picture though.

mrmr96

13,736 posts

233 months

Sunday 17th April 2011
quotequote all
JeS10 said:
Even if you save £50, it surely warrants the running of two cars? I guess there is a bigger picture though.
No, saving £50 per month wouldn't be worth it to me, because for £50 per month I'd rather sit in my nice car than my hack. (Although my hack is quite nice now so it's not an issue.) But for example I'd pay £50 a month to be able to use an MX5 everyday rather than a KA everyday. But part of that depends how much £50 is worth to you. I'd draw the line at about £300 between MX5 and KA. But between Scooby and Audi I'd do it just for the comfort factor (and convenience factor) even if there was no saving or a small cost.

anonymous-user

83 months

Sunday 17th April 2011
quotequote all
Why would you want to justify a 'fun' car?

LandingSpot

Original Poster:

2,084 posts

242 months

Sunday 17th April 2011
quotequote all
Jasandjules said:
Sorry, I don't really understand the question. You buy a toy, then you work around that to get a car that you use for the station/commuting/B&Q/Tesco etc..
OK, I buy a toy but running it to and from work limits the seriously fun use at weekends, trackdays etc.

I have calculated what I think I would save in using a 50mpg car as a daily rather than my 25-28mpg car after servicing/insurance etc.

The question is "How much do you have to save to justify running the second car so that you can limit the use of your fun car to actual fun?"

You may reply "If you have calculated what you would save and are happy with it, then do it." That's fine and I may well do, but I am looking for insight from those with experience. smile

yonex said:
Why would you want to justify a 'fun' car?
I don't need to justify the fun car. The second car would need to justify itself with the saving made on running the fun car as a daily smile

jamie g

516 posts

245 months

Sunday 17th April 2011
quotequote all
What is the fun car you have? Running a second car is never cheap.

LandingSpot

Original Poster:

2,084 posts

242 months

Sunday 17th April 2011
quotequote all
It's a Celica Gt Four. It's OK, not ridiculously thirsty to be painful and I have used it as a daily for the last 12 months, but am thinking with the price of fuel going up rather rapidly of late, it may pay to run something a lot more economical for the commute to the office.

jamie g

516 posts

245 months

Sunday 17th April 2011
quotequote all
unless you've modified it beyond a reliable level the GT should be a great car for everything. Performance, fun, reliabilty etc. I'm sure you've worked it out but I'd only buy a second car if reliabity, Depreciation(due to high milage) or impracticaliy was a problem. The fuel you'll save will soon be ofset by the running costs ie insurance, tax, repairs, depriciation,

JeS10

375 posts

195 months

Sunday 17th April 2011
quotequote all
mrmr96 said:
No, saving £50 per month wouldn't be worth it to me, because for £50 per month I'd rather sit in my nice car than my hack. (Although my hack is quite nice now so it's not an issue.) But for example I'd pay £50 a month to be able to use an MX5 everyday rather than a KA everyday. But part of that depends how much £50 is worth to you. I'd draw the line at about £300 between MX5 and KA. But between Scooby and Audi I'd do it just for the comfort factor (and convenience factor) even if there was no saving or a small cost.
I agree actually, £50 wouldn't warrant it.

I'm a penniless student, with a commute... to be fair wink My £250 saving per month running the KA-ck, will net me a nice sum to spend on something 'fun'. Whether I run the 'fun' car more than the KA doesn't matter to me. Depends what side of the bed I wake up on/which has fuel in it, which is warmer/colder *list numerous variables* probably. I have timed getting the KA-ck with getting a better job, 28hrs per week, whilst still studying too, so the saving will be exaggerated.

If I do all this and end up not getting something fun though, i'll be pissed.


I was verging on devils advocate though. I look at it more in terms of things you could do without, like cutting back on unnecessary daily expenses, in terms of food, coffees etc.

LandingSpot

Original Poster:

2,084 posts

242 months

Sunday 17th April 2011
quotequote all
jamie g said:
unless you've modified it beyond a reliable level the GT should be a great car for everything. Performance, fun, reliabilty etc. I'm sure you've worked it out but I'd only buy a second car if reliabity, Depreciation(due to high milage) or impracticaliy was a problem. The fuel you'll save will soon be ofset by the running costs ie insurance, tax, repairs, depriciation,
It has a few modifications, but none that make it inelligable for daily duty so for the time being, it doesn't warrant buying a snotter. What I am trying to guage is at what point do I consider a snotter to limit the monthly costs of the GT4.

Should anything break, you are limited with what can be done to get it roadworthy again. You either put it in the garage and pay whatever sum they call back with. Or if you can DIY it, you urgently buy parts in (possibly more than you need) and then face the challenge to have it fixed in time to drive to work on Monday.

That's just the way it is, but knowing you have another vehicle without relying on someone else means the pressure of having to fix it is off and it can be fixed when ready.

ironictwist

7,127 posts

234 months

Sunday 17th April 2011
quotequote all
From a purely selfish emotional stand point...Driving a sensible car depresses me a great deal. So I refuse to do it. Hence why my MX5 has done 36k since I bought it in March last year.

For me any cost saving from doing my 80-100 miles to work & back each day isn't worth it for the drab feeling I'd get from getting into something I don't enjoy driving.

Which is why the LS400 I bought 6 months hasn't been started for the past 2 months & is left gathering dust...Sod the expense, it's all about the grin I get when I get to where I'm going in a car I adore thumbup

Just hope the incoming Z4 can give me even an inkling of that same magic.