Off Topic Bye bye 500!
- Thread starter Lloyd71
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Off Topic Bye bye 500!
OP
OP
With my £600 saving? Er....no.
Did you read the bit where I'm planning on getting a Toledo TDI in the near future? I originally wanted one instead of a small car but given that my girlfriend was buying it for me we decided to go for the small cheap car before saving up for a decent condition Toledo. Which is nearer the £2k mark and not the £650 that the Peugeot was.
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A £2k turbo diesel is not a good idea mate, it will have big bills due.
Think turbo, cam belt, and possible injector issues.
A nearly new car in warranty is the cheapest cost per mile motoring when you analyse all the costs and risks.
You will learn the hard way...
OP
OP
A £2k turbo diesel is not a good idea mate, it will have big bills due.
Think turbo, cam belt, and possible injector issues.
A nearly new car in warranty is the cheapest cost per mile motoring when you analyse all the costs and risks.
You will learn the hard way...
I've had old cars in the past, my Metro cost me a grand total of £30 over the 4 years I had it and that drove from Birmingham to Taunton almost every month. The Astra I had for a year cost me £40. That took me to Wales several times and a few other trips to Taunton too. The cost per mile on those is much lower than any car on finance or near new, no matter how you try and work round it.
And you can get a Toledo TDI with everything done for less than £2k easily. A few people on DW have them and they've never missed a beat. Someone on there recently sold a low mileage one, fully detailed, with full service history, cambelt and water pump change and a remap for £1,800.
In warranty means **** all with most manufacturers, people on this very forum are finding this out the hard way. I had £1,000 to spend on a car. If you can show me a nearly new car in warranty for that price then please, be my guest.
But I'll just ask you this;
Which is cheaper?
£600 with a couple of hundred put by for repairs and maintenance
or
£5,000+ for a nearly new car in warranty with a couple of hundred put by for maintenance?
I've bought this car for £650 and managed to get it serviced, have the air intake system re-sealed and replaced the ICV for less than a single monthly payment on my Fiat.
Now if you'll excuse me, I'm off to the scrappy to source some spares for cheap!
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I would be a dab hand at running old cars (all petrol) and in the past would have 'run' two old cars at the same time - each backing each other up. A bit insane. Then I got a a bit more 'clever' and started running different types of cars for different purposes. Then my OH started getting new cars like a 1L Micra (this was cool
back in the 1990) and then started 'moving up in the world'. When I drove her 'new car' it highlighted how 'old' the cars were that I was driving.Running old cars is a bit like 'Russian roulette'. Your luck can run out.
IMHO running a Diesel with a Turbo and in a Seat (a but like a Spanish 'Fiat'
) you'd want to me mad unless you're clocking big miles to justify the better mpg. Funnily enough I think differently about Skodas which makes no sense.A friend got stuck with a 530D Manual in trying to avoid a trade in deal and it cost him the guts of €3K for 3 new injectors
because the car was lying in a garage and couldn't be sold.What slows me down in the old bangers is having to nurse them 'around the place' but there's nothing like a reliable 'new' car under your bum. After a 'burn off the lights'
you're not checking the rear view mirror for clouds of black smoke which 'smells' trouble.I would suggest sticking with you little Peugeot for as long as you can.
I'd go for an oldie but it would have to be conventionally aspirated & easy to look after, like a rebuilt Mk1 or Mk2 Ford Escort... but very good examples cant be had for much under £3k these days
have you had a look at the price of Mk1's and Mk2's lately?
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Yeah... just.... but still
http://www.pistonheads.com/sales/3009479.htm
http://www.gumtree.com/p/cars-vans-motorbikes/1972-ford-escort-mk1/83444254
http://cgi.ebay.co.uk/1971-MK1-ford...1951701?pt=Automobiles_UK&hash=item33696afe55
Some still about but the "quality collector" examples have hit immense prices!
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OP
OP
That 2nd link :worship:
I'd go for an oldie but it would have to be conventionally aspirated & easy to look after, like a rebuilt Mk1 or Mk2 Ford Escort...
The first new car I ever had was a Mk2 Escort 1.3L (in solar gold) - I can still remember taking delivery on the 1st January 1978. Very basic it was, too - no brake servo or power steering & manual everything else. Even head restraints & a passenger door mirror cost extra then. I really don't think you could save money by running something like this today - compared to my Panda & 500, over 10k miles it would burn about £1000 more in fuel.
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with any car out of warrenty its a risk
whether its a 3 year old ex fleet or a 20 yr old chugger
Ive had cars that Ive bought for a song and ran them into the ground with little cost
my much unloved C5 just keeps chugging alog with nothnig but basic mechanics and an annual wash (if its lucky!)
a mate recently handed back his car as Loyd did and bought a 4 year old FSH Audi estate
2 weeks later it appears to have eaten its valves
whether its a 3 year old ex fleet or a 20 yr old chugger
Ive had cars that Ive bought for a song and ran them into the ground with little cost
my much unloved C5 just keeps chugging alog with nothnig but basic mechanics and an annual wash (if its lucky!)
a mate recently handed back his car as Loyd did and bought a 4 year old FSH Audi estate
2 weeks later it appears to have eaten its valves
It will be interesting to compare your cost per mile inc for an old diesel ****box and your 500
I think you find you are worse off in all kinds of ways
I think you find you are worse off in all kinds of ways
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How do you figure that? Gonna pay 2k a year minimum just on finance on a new car. how many new engines every year do you think he will need?
Ummmmmm there is so much wrong with that statement. My wife has had her Subaru for about 10 years and in that time it's probably cost us less than the Fiat has in the last 2 years.
That's a statement about the economics of finance, not the economics of new car ownership.
I chose to replace a 10yr/100k Ka (which I'd had from new) with a new Panda. I paid a shade under £6600 for it. If I'd left the cash in a savings account, I'd be lucky to see £100pa interest after tax. Each year, the Panda saves me about £500 in fuel & £135 in tax. If I keep the Panda for the next 10 years, that's the depreciation taken care of
.
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Compared to a car which in relative comparison will not depreciate.
Besides whether it's finance economics or new car ownership. Lloyd would still have to finance a brand new car. So no matter how it's broken down it's still part of the cost.
Besides whether it's finance economics or new car ownership. Lloyd would still have to finance a brand new car. So no matter how it's broken down it's still part of the cost.
Of course. Running an older car makes much more sense if you would need finance in order to buy a new one.
Depends how much the finance is going to cost you. I think over a 10 year term our 500 will easily pay for itself over the 406 especially considering it needed the head gasket doing once a year
Let's break it into chunks
£200 per month for a new 500 on lease
Compared to an old banger
Servicing:
Nothing on the 500, included if you get a 'maintained' deal
Vs
£50 per month service/repairs/tyres/mot fund, total £600, or 3 months payments
insurance:
I would estimate the 500 is no more, maybe less than the banger
Let's call it even...
Tax:
Zero on the 500
Vs
£210 on the banger, another months payment
Fuel:
60 mpg on the 500
Vs
50 mpg on the banger
Saving approx £250 per year based on average mileage
So I am sure there are other factors to consider like depreciation of the banger (i.e it will probably be worthless in 2 years... ) but we have already paid for nearly half of the 500 in cheaper running costs
Go figure
£200 per month for a new 500 on lease
Compared to an old banger
Servicing:
Nothing on the 500, included if you get a 'maintained' deal
Vs
£50 per month service/repairs/tyres/mot fund, total £600, or 3 months payments
insurance:
I would estimate the 500 is no more, maybe less than the banger
Let's call it even...
Tax:
Zero on the 500
Vs
£210 on the banger, another months payment
Fuel:
60 mpg on the 500
Vs
50 mpg on the banger
Saving approx £250 per year based on average mileage
So I am sure there are other factors to consider like depreciation of the banger (i.e it will probably be worthless in 2 years... ) but we have already paid for nearly half of the 500 in cheaper running costs
Go figure
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