Large capacity engines. Very sought after or hot potato?
Discussion
I am an accountant, and can confirm what you are all thinking, which is that the biggest single cost by far in motoring is....depreciation.
So I thought about it, decided I didn't need to be in anything new and shiny, and adopted a zero depreciation model about 5 years ago.
Bear in mind we have grandchildren and dogs.
My main car is a petrol 2002 Saab 9-5 estate, bought for £900 three years ago and now 20 years old.
My wife's car is the same car, same model, but 3 years older, bought 7 years ago for £875.
My towing car is a 2005 diesel Nissan XTrail - pushed the boat out that time, £2,200 in 2019. Still worth the same.
Road tax on all is at pre-2006 rates of duty, so around £300. Insurance averages £200 a car.
Yes, I get the odd repair bill, but they are all surprisingly reliable.
I do have a fun car as well, used mainly for track days. Maintenance is not cheap, but it has actually gone up in value by about 50% in the last 10 years.
So I thought about it, decided I didn't need to be in anything new and shiny, and adopted a zero depreciation model about 5 years ago.
Bear in mind we have grandchildren and dogs.
My main car is a petrol 2002 Saab 9-5 estate, bought for £900 three years ago and now 20 years old.
My wife's car is the same car, same model, but 3 years older, bought 7 years ago for £875.
My towing car is a 2005 diesel Nissan XTrail - pushed the boat out that time, £2,200 in 2019. Still worth the same.
Road tax on all is at pre-2006 rates of duty, so around £300. Insurance averages £200 a car.
Yes, I get the odd repair bill, but they are all surprisingly reliable.
I do have a fun car as well, used mainly for track days. Maintenance is not cheap, but it has actually gone up in value by about 50% in the last 10 years.
QBee said:
I am an accountant, and can confirm what you are all thinking, which is that the biggest single cost by far in motoring is....depreciation.
So I thought about it, decided I didn't need to be in anything new and shiny, and adopted a zero depreciation model about 5 years ago.
Bear in mind we have grandchildren and dogs.
My main car is a petrol 2002 Saab 9-5 estate, bought for £900 three years ago and now 20 years old.
My wife's car is the same car, same model, but 3 years older, bought 7 years ago for £875.
My towing car is a 2005 diesel Nissan XTrail - pushed the boat out that time, £2,200 in 2019. Still worth the same.
Road tax on all is at pre-2006 rates of duty, so around £300. Insurance averages £200 a car.
Yes, I get the odd repair bill, but they are all surprisingly reliable.
I do have a fun car as well, used mainly for track days. Maintenance is not cheap, but it has actually gone up in value by about 50% in the last 10 years.
Fecking accountants...kill the fun out of life.So I thought about it, decided I didn't need to be in anything new and shiny, and adopted a zero depreciation model about 5 years ago.
Bear in mind we have grandchildren and dogs.
My main car is a petrol 2002 Saab 9-5 estate, bought for £900 three years ago and now 20 years old.
My wife's car is the same car, same model, but 3 years older, bought 7 years ago for £875.
My towing car is a 2005 diesel Nissan XTrail - pushed the boat out that time, £2,200 in 2019. Still worth the same.
Road tax on all is at pre-2006 rates of duty, so around £300. Insurance averages £200 a car.
Yes, I get the odd repair bill, but they are all surprisingly reliable.
I do have a fun car as well, used mainly for track days. Maintenance is not cheap, but it has actually gone up in value by about 50% in the last 10 years.
It's probably already been said, but large capacity 'daily drivers' will most likely disappear. Especially as average EV's will have a similar performance and are a tenth of the cost to run (at the moment). Large capacity 'fun' cars that spend most of the time tucked away will be around for a long time.
I'm doing this now. Range Rover - unused. Tesla - daily. Morgan V8 - summer weekends, on SORN over winter.
I'm doing this now. Range Rover - unused. Tesla - daily. Morgan V8 - summer weekends, on SORN over winter.
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