Safest place to park a SORN car long term worry free?

Safest place to park a SORN car long term worry free?

Author
Discussion

very_452001

Original Poster:

56 posts

70 months

Thursday 16th January 2020
quotequote all
Hi,

I invested around £1100 in a mondeo ST220. Speculation states in 15 years time this car will be worth give or take £50000 due to it being rare and ford stopped making mondeos. The more rarer the more it will worth.

I dont have my own driveway or garage or any private land to park it. Its parked on the street outside my house and I can't afford private storage unless I can travel in the future and collect my investment return lol.

I have a relative who lives in a council tower block of flats but hes at work most of the time. This council tower block has its own free car park for residents living there but I don't see any signs or permits being displayed enforcing that. My relative said he parked his other own sorn car there for the last 7 years with no problems. He can't be arsed scrapping his SORN car lol.

Okay the question is it safe to park my car at the above car park and just leave it there without worrying about it being recovered or towed by authorities? Car thieves will see it as old car and won't bother with it so my concern is the authorities taking it.

How does the authorities or council get suspicious on a particular parked car for example? I doubt council residents will notice a old car parked with many resident cars to phone and report. Also what is the law on parking SORN cars?

Otherwise any other suggested safest places to park SORN cars for long term for free? Definitely not at supermarket car parks though lol.

richs2891

898 posts

254 months

Thursday 16th January 2020
quotequote all
To answer your question the safest place would be your private driveway or garage, and not on a public road or a public car park.

Krikkit

26,573 posts

182 months

Thursday 16th January 2020
quotequote all
richs2891 said:
To answer your question the safest place would be your private driveway or garage, and not on a public road or a public car park.
And the most responsible - I doubt anybody wants to look at a sheddy, rotting Mondeo for the next 7 years while it oxidises to nothing.

CoolHands

18,745 posts

196 months

Thursday 16th January 2020
quotequote all
I hope you pay into a pension.

Chris32345

2,089 posts

63 months

Thursday 16th January 2020
quotequote all
Not it won't be safe in a council carpark
It must be on private land someplace


And you must benuts if you think a mondeo will be worth £50k
They stop making them because nobody was buying them
If your lucky you may get £3-4 k in 10 years of it's a rare spec in good nick BB it parked up outside for that length of time it will likely be scrap

Edited by Chris32345 on Thursday 16th January 19:54

Roboticarm

1,452 posts

62 months

Thursday 16th January 2020
quotequote all
If the plan is to keep and resell it then you can't leave it outside, it will rust and become worthless, you have probably way overestimated the future value, it's not an Escort cosworth but if you plan to park it up form years then recommission and sell it you need to store it indoors in a dry environment.
If you can't store if indoors sell it now as it will loose value of left outside for years

very_452001

Original Poster:

56 posts

70 months

Thursday 16th January 2020
quotequote all
richs2891 said:
To answer your question the safest place would be your private driveway or garage, and not on a public road or a public car park.
Don't have a private driveway or garage though frown

defblade

7,448 posts

214 months

Thursday 16th January 2020
quotequote all
very_452001 said:
Hi,

I invested around £1100 in a mondeo ST220. Speculation states in 15 years time this car will be worth give or take £50000 due to it being rare and ford stopped making mondeos.The more rarer the more it will worth.
Best get out there and start torching the rest of 'em, then, it's the only way it'll be worth anything before it rusts to bits.

very_452001

Original Poster:

56 posts

70 months

Thursday 16th January 2020
quotequote all
Roboticarm said:
If the plan is to keep and resell it then you can't leave it outside, it will rust and become worthless, you have probably way overestimated the future value, it's not an Escort cosworth but if you plan to park it up form years then recommission and sell it you need to store it indoors in a dry environment.
If you can't store if indoors sell it now as it will loose value of left outside for years
It won't rust If I wax it or so every month plus we live in the midlands not by any salt water sea for it to rust. The underneath of the car looks already rust proofed.

monzaxjr

549 posts

147 months

Thursday 16th January 2020
quotequote all
£50k? laugh I'm assuming if you paid £1100 for an ST220 at that money it will already be as rough as a badgers arse? As good ones are £3k plus. While you're here would you like to purchase some magic beans for £1100 as well. I've been assured they will be worth approx. £50k in 15 years time.

dan98

743 posts

114 months

Thursday 16th January 2020
quotequote all
In 2035 it's more than likely there'll be no petrol / diesel engines on sale and anything still running an internal combustion engine will be taxed into oblivion - your fragile rusted out Mondeo will be worth a pittance.

Chubbyross

4,554 posts

86 months

Thursday 16th January 2020
quotequote all
This must be the Mondeo-Maxwell model. Guaranteed to keep your pension safe and secure for decades to come.

Alucidnation

16,810 posts

171 months

Thursday 16th January 2020
quotequote all
very_452001 said:
Hi,

I invested around £1100 in a mondeo ST220. Speculation states in 15 years time this car will be worth give or take £50000 due to it being rare and ford stopped making mondeos. The more rarer the more it will worth.

I dont have my own driveway or garage or any private land to park it. Its parked on the street outside my house and I can't afford private storage unless I can travel in the future and collect my investment return lol.

I have a relative who lives in a council tower block of flats but hes at work most of the time. This council tower block has its own free car park for residents living there but I don't see any signs or permits being displayed enforcing that. My relative said he parked his other own sorn car there for the last 7 years with no problems. He can't be arsed scrapping his SORN car lol.

Okay the question is it safe to park my car at the above car park and just leave it there without worrying about it being recovered or towed by authorities? Car thieves will see it as old car and won't bother with it so my concern is the authorities taking it.

How does the authorities or council get suspicious on a particular parked car for example? I doubt council residents will notice a old car parked with many resident cars to phone and report. Also what is the law on parking SORN cars?

Otherwise any other suggested safest places to park SORN cars for long term for free? Definitely not at supermarket car parks though lol.
Uh huh.

Gojira

899 posts

124 months

Thursday 16th January 2020
quotequote all
Chubbyross said:
This must be the Mondeo-Maxwell model. Guaranteed to keep your pension safe and secure for decades to come.
rofl

Well played, Sir!

But I suspect the OP is too young to get the point...

anonymous-user

55 months

Thursday 16th January 2020
quotequote all
very_452001 said:
It won't rust If I wax it or so every month plus we live in the midlands not by any salt water sea for it to rust.
Surely you don't think waxing it or living inland will stop it rusting?

Surely you don't think it will ever be worth anywhere near your estimate?

Must be a joke thread.

Mikebentley

6,149 posts

141 months

Thursday 16th January 2020
quotequote all
Elatino1 said:
very_452001 said:
It won't rust If I wax it or so every month plus we live in the midlands not by any salt water sea for it to rust.
Surely you don't think waxing it or living inland will stop it rusting?

Surely you don't think it will ever be worth anywhere near your estimate?

Must be a joke thread.
No he’s correct as I too live in the midlands. Bees are covered in wax and I’ve never seen a rusty one of them round here.

duckwhistle

276 posts

152 months

Thursday 16th January 2020
quotequote all
You need to read up on investment Cars, take a look at Jay Leno's Garage to get a feel for this stuff and how to store and maintain an investment.

Earthdweller

13,632 posts

127 months

Thursday 16th January 2020
quotequote all

BugLebowski

1,033 posts

117 months

Thursday 16th January 2020
quotequote all
CoolHands said:
I hope you pay into a pension.
Pension? Mugs game mate, smart moneys in ratty old mondeos and vectras.

Zarco

17,941 posts

210 months

Thursday 16th January 2020
quotequote all
This is a wind up.