Buy new or repair old
Discussion
Well for servicing costs and your usual replacable items, you can ignore them since every vehicle needs them.
Things like suspension components failing, you'll never be sure how far away a used car is from needing the same work, same with anything really. Unless you know the car has been driven with mechanical sympathy and the history is well known, you can't necessarily trust the seller.
It's all a bit dodgy; I toyed with selling my motorcycle for another used bike but it always came down to a case of "better the devil you know". The one major issue was easily sorted once fully diagnosed. I still want another bike, but that's for other reasons!
if you can buy a car from a dealer with a years warranty, then that niggling feeling of "what could go wrong with this car that'll set me back the money I was hoping not to spend on my other car" might be releived a bit
of course if you buy new then you can keep on top of servicing and maintinence yourself (or at least have it done by a garage when it suits you) and you'll know the history then
Things like suspension components failing, you'll never be sure how far away a used car is from needing the same work, same with anything really. Unless you know the car has been driven with mechanical sympathy and the history is well known, you can't necessarily trust the seller.
It's all a bit dodgy; I toyed with selling my motorcycle for another used bike but it always came down to a case of "better the devil you know". The one major issue was easily sorted once fully diagnosed. I still want another bike, but that's for other reasons!
if you can buy a car from a dealer with a years warranty, then that niggling feeling of "what could go wrong with this car that'll set me back the money I was hoping not to spend on my other car" might be releived a bit
of course if you buy new then you can keep on top of servicing and maintinence yourself (or at least have it done by a garage when it suits you) and you'll know the history then
Well at least you've learnt that diesel's aren't always cheaper to run despite their higher mpg figures 
Had you got a similar petrol alternative the repair bills might not have been so much.
There's some really good deals on new cars for £250 a month so if you don't want the hassle of MoTs, repairs, etc. then it's definitely worth considering.
Had you got a similar petrol alternative the repair bills might not have been so much.There's some really good deals on new cars for £250 a month so if you don't want the hassle of MoTs, repairs, etc. then it's definitely worth considering.
£4k + £280 presumably over 36 months is £383 a month - so a little bit more than what you forecast but you'd be in a brand new car with no worries.
How much can you reduce your labour spends by doing work yourself or using a smaller garage? Can you be arsed with any of that or do you just want to turn the key and go?
How much can you reduce your labour spends by doing work yourself or using a smaller garage? Can you be arsed with any of that or do you just want to turn the key and go?
said:
If I keep the car a further year. It'll have about 105K and be 7 years old.
Depreciation 5K to 3.5k - £1500
It needs the work mentioned above £1600
Probably tyres £400
Minor service £120
=£3620
Over 12 months that comes out at £301. Bear in mind I haven't added in and costs for other repairs over the next year.
Keep it two years or more :Depreciation 5K to 3.5k - £1500
It needs the work mentioned above £1600
Probably tyres £400
Minor service £120
=£3620
Over 12 months that comes out at £301. Bear in mind I haven't added in and costs for other repairs over the next year.
Depreciation 5K to 3k - £2000
Work £1600
Tyres £400
Minor service £120
Oil change £40
Over 24 months that comes out at £173.
The actual depreciation is only felt when you sell the car, so keep it and I bet you can keep it on the road for less than £300 per month...
Edited by Momentofmadness on Monday 6th January 17:49
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