A money pit.
Author
Discussion

br d

Original Poster:

9,072 posts

255 months

Sunday 30th March 2014
quotequote all
Years ago, before I knew any better, I bought a Porsche 928S. It felt like the fastest car in the world, it was an ugly colour, had a seriously debatable history and a previous owner that Companies House would've told me to run a mile from had I had the sense to ask them. I paid over the top for it, drove it as you would as a 24 year old and quickly realised there were some very serious problems.
It seemed to have 5 million different fuses, all of which blew every time you turned the ignition, it leaked oil like a BP platform and went through tyres like Kimi Raikkonen.

Over the next 5 years I spent all of my spare money on it and although it was always nose bleed quick it drained my bank balance to death.

I eventually sold it for 15 grand less than I paid for it to a mate who should've known better and then went on to sink all his wages into it too.

There are cars we know from day one we really shouldn't throw money at but still we do.

Hope over sense.





Edited by br d on Sunday 30th March 23:38

MethylatedSpirit

2,100 posts

165 months

Sunday 30th March 2014
quotequote all
That's is why I spend absolutely ages researching a car, getting someone else to view and asking on forums before committing to buy.

At-least I know what I'm letting myself in for.

kiethton

14,640 posts

209 months

Sunday 30th March 2014
quotequote all
MethylatedSpirit said:
That's is why I spend absolutely ages researching a car, getting someone else to view and asking on forums before committing to buy.

At-least I know what I'm letting myself in for.
Where's the fun in that? wink

Neilperryman

68 posts

150 months

Sunday 30th March 2014
quotequote all
MethylatedSpirit said:
That's is why I spend absolutely ages researching a car, getting someone else to view and asking on forums before committing to buy.

At-least I know what I'm letting myself in for.
Is this allowed on PH?

What next - using facts to disprove man maths?

Matt UK

18,084 posts

229 months

Sunday 30th March 2014
quotequote all
When a car costs more than average to run - I call it my guilty pleasure.

When it starts to hurt my current account - I call it my hobby.

When it starts to have a dig at the savings account - I call it my passion.

When I suspect I'm throwing good money after bad, I have a huge hissy fit, sell it immediately - and I do mean immediately, like that afternoon - for a huge loss to the first person who wants to take it off my hands and then normally find out 3 years later that it's been faultless over this time and not cost its current owner a thing due to so many consumables having recently been replaced...

grumpy

joebongo

1,517 posts

204 months

Sunday 30th March 2014
quotequote all
Matt UK said:
When a car costs more than average to run - I call it my guilty pleasure.

When it starts to hurt my current account - I call it my hobby.

When it starts to have a dig at the savings account - I call it my passion.

When I suspect I'm throwing good money after bad, I have a huge hissy fit, sell it immediately - and I do mean immediately, like that afternoon - for a huge loss to the first person who wants to take it off my hands and then normally find out 3 years later that it's been faultless over this time and not cost its current owner a thing due to so many consumables having recently been replaced...

grumpy
Amen Brother!

matthias73

2,901 posts

179 months

Sunday 30th March 2014
quotequote all
I had the pleasure of owning an old and battered e34 for about 8 months whilst living abroad.
It cost me no more than 200 quid to keep running, and I sold it for a healthy profit that covered that expense, plus a bit more.

I suspect it has been a horrific money pit for any owner for the last ten years, and any future owner until it gets scrapped or completely restored. I just had it between hissy fits!

MethylatedSpirit

2,100 posts

165 months

Sunday 30th March 2014
quotequote all
kiethton said:
Where's the fun in that? wink
Having a TVR on the drive is pretty fun tongue out


My girlfriends diesel Audi was an absolute money pit. It had all the common diesel problems furious

Defcon5

6,466 posts

220 months

Monday 31st March 2014
quotequote all
joebongo said:
Matt UK said:
When a car costs more than average to run - I call it my guilty pleasure.

When it starts to hurt my current account - I call it my hobby.

When it starts to have a dig at the savings account - I call it my passion.

When I suspect I'm throwing good money after bad, I have a huge hissy fit, sell it immediately - and I do mean immediately, like that afternoon - for a huge loss to the first person who wants to take it off my hands and then normally find out 3 years later that it's been faultless over this time and not cost its current owner a thing due to so many consumables having recently been replaced...

grumpy
Amen Brother!
Me too

Plastic chicken

391 posts

233 months

Monday 31st March 2014
quotequote all
Back in the mid-seventies I bought my first car, a '67 Triumph 1300, at an auction for £250, borrowed from my girlfriend.
It would have been a nice car if it had worked properly..but it didn't: starter solenoid tempramental, meaning that the car would only start when it felt like it; handbrake came off in my hand; front springs peeking through the inner wings because of rot, etc. etc.
I had zero mechanical knowledge, & even less cash to fix it (or indeed tax it). A few months (& less than 1000 miles) later a mechanic friend gave me £70 for it, fixed it up, put a set of Woolfrace alloys on it, jacked up the rear suspension, & ran it for years.

And my girlfriend became my ex-girlfriend.

Stick Legs

8,924 posts

194 months

Monday 31st March 2014
quotequote all
When I was 24 I had a BMW 635 CSi.

I kept a log of spending and it averaged £350 a month for 4 years I owned it. Or to put it another way the PCP on a 2 nd had Boxster.

Still enjoyed the E24 though!

carinaman

25,166 posts

201 months

Monday 31st March 2014
quotequote all
Plastic chicken, I'm glad it wasn't just me.

Dog Star

17,556 posts

197 months

Monday 31st March 2014
quotequote all
Matt UK said:
When I suspect I'm throwing good money after bad, I have a huge hissy fit, sell it immediately - and I do mean immediately, like that afternoon - for a huge loss to the first person who wants to take it off my hands and then normally find out 3 years later that it's been faultless over this time and not cost its current owner a thing due to so many consumables having recently been replaced...

grumpy
This happened to me with my previous - Merc R230 SL. It was outrageous, stuff just going wrong every bloody week, telephone number parts prices. It was never actually immobilised (ie. broke down) but it was just bits and bobs and little black boxes and erratic suspension. One day I said to myself "enough is enough", rang Freedom Contracts, asked for an SLK and sold the stupid SL (in perfect order) and lost an absolute fortune. Never again.

Hasbeen

2,073 posts

250 months

Monday 31st March 2014
quotequote all
In 1965 I bought an ageing Lotus 20 Formula junior open wheeler. Old & Lotus are 2 words that don't go well together, Lotus don't age well. It cost a fortune to put it back together after each race.

At the end of a year I was silly enough to work out the costs of racing the thing. I had only managed to do 6 race meetings, at a cost of 11 pounds 8 shillings per racing mile. The total cost just slightly exceeded my gross income for the year.

However it had won my class for me in the Bathurst 100 [miles], second only to the Australian GP in importance in those days, earned me a BP contract for the next year, & proved once & for all I was a driving god, getmecoat. What more could you ask of an old race car. beer

pimpchez

900 posts

212 months

Monday 31st March 2014
quotequote all
kiethton said:
MethylatedSpirit said:
That's is why I spend absolutely ages researching a car, getting someone else to view and asking on forums before committing to buy.

At-least I know what I'm letting myself in for.
Where's the fun in that? wink
I had fun doing this ,only topic i didn't see was activating launch control for 7seconds will kill the ko4.

Ask me how i know lol.

willisit

2,186 posts

260 months

Monday 31st March 2014
quotequote all
MethylatedSpirit said:
Having a TVR on the drive is pretty fun tongue out


My girlfriends diesel Audi was an absolute money pit. It had all the common diesel problems furious
My Wife's S5 is becoming such a thing. Bad luck mostly - and now we've had it a while it's mostly "consumables" like £2500 clutches suddenly going; and then after a few hours online coming to the conclusion "they all do that".

Hmm. I think it's just my luck!

Toaster Pilot

14,863 posts

187 months

Monday 31st March 2014
quotequote all
My A6 is the most expensive free car I've ever had.

Lesson learnt; there's no such thing as a free car

hehe

Censorious

15,169 posts

263 months

Monday 31st March 2014
quotequote all
Defcon5 said:
joebongo said:
Matt UK said:
When a car costs more than average to run - I call it my guilty pleasure.

When it starts to hurt my current account - I call it my hobby.

When it starts to have a dig at the savings account - I call it my passion.

When I suspect I'm throwing good money after bad, I have a huge hissy fit, sell it immediately - and I do mean immediately, like that afternoon - for a huge loss to the first person who wants to take it off my hands and then normally find out 3 years later that it's been faultless over this time and not cost its current owner a thing due to so many consumables having recently been replaced...

grumpy
Amen Brother!
Me too
Another here wavey

Lee540

1,586 posts

173 months

Monday 31st March 2014
quotequote all
Toyota MR2 I bought with about 15 previous owners.. miniature paddling pools behind the seats whenever it rained and a poorly designed engine cover that allows rain to drip right onto the alternator, killing one within my ownership.. as an 18 year old it proved quite expensive!

Still, loved shiny black coupe looks..

R8Steve

4,150 posts

204 months

Monday 31st March 2014
quotequote all
At 18 i bought a S1 RS turbo - it taught me how to be completely irresponsible with money very quickly.

If it could go more than 100 miles without something going wrong i was impressed...that rarely happened though!