Is it worth buying a nice car these days?

Is it worth buying a nice car these days?

Author
Discussion

midiman

Original Poster:

25 posts

197 months

Monday 23rd April 2012
quotequote all
We are in hard times.
So where is the sense in buying certain vehicles?

Think about this.

1. The depreciation of the vehicle.
2. The record prices of fuel and duty.
3. Road tax.
4. Congestion charges.
5. Criminal insurance premiums.
6. General running costs.
7. War on the motorist.

Driving has never been cheap but why would anyone want to lose so much money.

Most of the cost is going to the Government and why would you want to line their pockets??

It’s starting to become like smoking. There comes a point where you look to cutting back of giving up.

I have the money for a nice car, but I can't afford to throw it away these days. It makes me angry but you have to be sensible.

So I recently purchased a 52 reg Citroen diesel for around £3000. I figured that if I kept it for five years I wouldn’t have lost much. And it has a better mpg return than most.

The money for the new BMW now sits in the bank earning interest.

Now I have a car that should last over 5yrs, I,ve lowered my fuel costs and it’s cost me less than a year’s depreciation on a new car.

martin84

5,366 posts

154 months

Monday 23rd April 2012
quotequote all
What you say makes perfect, utter, unrivallable sense.

So get off PH smile

xreyuk

665 posts

146 months

Monday 23rd April 2012
quotequote all
I always buy something 1-2 years old. I do a lot of mileage for work and need something reliable, and you don't lose the VAT as soon as you drive them away. It's nice to have a bit of warranty too. Also, if you do buy a diesel, sometimes it's no road tax, I don't pay any.

Steffan

10,362 posts

229 months

Monday 23rd April 2012
quotequote all
midiman said:
We are in hard times.
So where is the sense in buying certain vehicles?

Think about this.

1. The depreciation of the vehicle.
2. The record prices of fuel and duty.
3. Road tax.
4. Congestion charges.
5. Criminal insurance premiums.
6. General running costs.
7. War on the motorist.

Driving has never been cheap but why would anyone want to lose so much money.

Most of the cost is going to the Government and why would you want to line their pockets??

It’s starting to become like smoking. There comes a point where you look to cutting back of giving up.

I have the money for a nice car, but I can't afford to throw it away these days. It makes me angry but you have to be sensible.

So I recently purchased a 52 reg Citroen diesel for around £3000. I figured that if I kept it for five years I wouldn’t have lost much. And it has a better mpg return than most.

The money for the new BMW now sits in the bank earning interest.

Now I have a car that should last over 5yrs, I,ve lowered my fuel costs and it’s cost me less than a year’s depreciation on a new car.
I think you are entitled to spend your money as you like. I would suggest some other investment than in a UK Bank. Without being melodramatic you should be able to much better security.

sparks_E39

12,738 posts

214 months

Monday 23rd April 2012
quotequote all
What 9 year old Citroën costs £3000? confused You could of at least bought a lovely old BMW for that!

anonymous-user

55 months

Monday 23rd April 2012
quotequote all
sparks_E39 said:
What 9 year old Citroën costs £3000? confused You could of at least bought a lovely old BMW for that!
+1 must be a joke..

Baryonyx

18,002 posts

160 months

Monday 23rd April 2012
quotequote all
sparks_E39 said:
What 9 year old Citroën costs £3000? confused You could of at least bought a lovely old BMW for that!
Did they make the C6 back then?

DSD80

23 posts

145 months

Monday 23rd April 2012
quotequote all
IMHO...No

The state of the roads alone beggar belief. Leeds in particular is a disgrace....pothole after fking pothole...

flatline84

1,060 posts

158 months

Monday 23rd April 2012
quotequote all
Dead men dont need the money. Enjoy life while you can, you never know what will happen around the corner.

DukeDickson

4,721 posts

214 months

Monday 23rd April 2012
quotequote all
midiman said:
1. The depreciation of the vehicle.
2. The record prices of fuel and duty.
3. Road tax.
4. Congestion charges.
5. Criminal insurance premiums.
6. General running costs.
7. War on the motorist.
You only live once & beige, generous fit trousers really aren't that sexy wink

Anyhow:

1] Less than 3k pa is bearable IMO.
2] If it wasn't petrol, it would be something else. I'd rather pay & enjoy small victories than pay more NI, pension etc.
3] £500 pa isn't ball breaking.
4] That London!
5] Don't like it & totally Dick Turpin wannabe country, I'll give you that one.
6] Really that bad, if you hit the sweet spot? My heap is just about quick enough yet fuel aside, running costs aren't really all that scary.
7] That's calmed down a touch & brain cells work wonders.


Having said all that, there does seem to be a cost vs fun point. Of course, everyone's view of what that is does vary. I'm ok with where I am, if not quite happy (which goes without saying).

martin84

5,366 posts

154 months

Monday 23rd April 2012
quotequote all
DukeDickson said:
7] That's calmed down a touch & brain cells work wonders.
Has it? Has it really? Care to quantify that?

dtrump

2,121 posts

192 months

Monday 23rd April 2012
quotequote all
flatline84 said:
Dead men dont need the money. Enjoy life while you can, you never know what will happen around the corner.
^^^^^^^^^^^^^^^^^^this^^^^^^^^^^^^^^^^

davepoth

29,395 posts

200 months

Monday 23rd April 2012
quotequote all
sparks_E39 said:
What 9 year old Citroën costs £3000? confused You could of at least bought a lovely old BMW for that!
Apparently Citroen Picassos of that vintage attract a £3,000 valuation; at least I found one on auto-trader that did. I'd rather walk, but still...

Colonial

13,553 posts

206 months

Monday 23rd April 2012
quotequote all
Thanks to PH I've stopped spending money on anything.

I wear beige slacks everywhere, read abandoned newspapers I find on the street, buy food past it's used by date and don't go out at all.

My life is empty, devoid of meaning and depressing, but at least I'm not wasting money on anything that could give me a minute amount of pleasure.

Flawless Victory

441 posts

166 months

Monday 23rd April 2012
quotequote all
midiman said:
1. The depreciation of the vehicle.
2. The record prices of fuel and duty.
3. Road tax.
4. Congestion charges.
5. Criminal insurance premiums.
6. General running costs.
7. War on the motorist.
1. Who cares?
2. So what?
3. No such thing.
4. Not where I live.
5. WTH is that?
6. Who cares?
7. Eh? Nobody has declared war on me as I go about my daily business.

12gauge

1,274 posts

175 months

Monday 23rd April 2012
quotequote all
If every thing came down to saving money/spending as little as possible we'd all wear boiler suits, have shaved heads and live in apartments like the folk in north korea.

Yes, nice cars arent cheap, but still worth it.

DukeDickson

4,721 posts

214 months

Monday 23rd April 2012
quotequote all
martin84 said:
DukeDickson said:
7] That's calmed down a touch & brain cells work wonders.
Has it? Has it really? Care to quantify that?
As I'm sure you're aware, it can be a touch difficult to wave lots of statistics. However, real world (in terms of making progress) experience is that I see few sources of potential pain than I did & see rather more by way of Womble charades than either scameras or Trafpol. Except, for some reason, at the weekend, when I assume fish in a barrel comes into play.

Presumably YMDV.

C2james

4,685 posts

166 months

Monday 23rd April 2012
quotequote all
To be honest if you have the money it might be a goof time to pick up a decent car, I plan on getting a nice hot hatch next year and lthough all those things you've suggested will be in the back of my mind they won't affect what car I buy.

martin84

5,366 posts

154 months

Monday 23rd April 2012
quotequote all
DukeDickson said:
real world (in terms of making progress) experience is that I see few sources of potential pain than I did & see rather more by way of Womble charades than either scameras or Trafpol.
All that means is they've got less money to operate with. The war on the motorist hasn't ended, just the funds to support it have dried up. It varies according to area obviously but most places still have their speed cameras on. The Government have upped the tax take on fuel since taking office and are beavering away thinking of new ways to empty our wallets no doubt. We've seen the Nottingham WPL start up in the last few weeks.

I think councils are still fiercely anti-car as they keep insisting on measures to deter the motorist from using their town (hooray for amazon eh?) but at least they've got less money with which to go about it now.

Baryonyx

18,002 posts

160 months

Monday 23rd April 2012
quotequote all
DukeDickson said:
3] £500 pa isn't ball breaking.
It's a fking farce when you consider the state of our roads. Last summer I was cruising down the Autovia Del Mediterraneo in southern Spain, and I could have wept for the state of our roads as I wafted over that smooth tarmac. By comparison, the A1 or M6 is like the surface of the fking moon.