Bangernomics

[Chugnut]

What's the budget of option 3?

I would think depreciation over 2 years would still be pretty rude and that one (or more) option 1's would still amount to less.

My option 1 cost £500 3.5 years ago, and has probably cost approx. £350 per year in servicing / tyres.

Plus your cash isn't tied up in your depreciating asset, insurance is a pittance, no-one's going to nick it, and you don't care if it gets a dent or five. Disadvantages are feeling like there's a faint whiff of dog blanket about me whilst driving it, and the Tesco Value handling.

Car ownership is a chuffin' lottery anyway. No right or wrong answer really, only hindsight.

[sasguru]

What's the budget of option 3?

I would think depreciation over 2 years would still be pretty rude and that one (or more) option 1's would still amount to less.

Plus your cash isn't tied up in your depreciating asset, insurance is a pittance, no-one's going to nick it, and you don't care if it gets a dent or five. Disadvantages are feeling like there's a faint whiff of dog blanket about me whilst driving it, and the Tesco Value handling.

My option 1 cost £500 3.5 years ago, and has probably cost approx. £350 per year in servicing / tyres.

Car ownership is a chuffin' lottery anyway. No right or wrong answer really, only hindsight.

Brand new Aygo is around 6K on t'internet. can sell it mint, low mileage after 2 years for about 4-4.5 K, no maintenance charges except for cheap servicing. 60 mpg, group 1, £35 road tax.

[Chugnut]

Brand new Aygo is around 6K on t'internet. can sell it mint, low mileage after 2 years for about 4-4.5 K, no maintenance charges except for cheap servicing. 60 mpg, group 1, £35 road tax.

There's no denying that's cheap motorin', mate.


Chugnut in Smashie and Nicey mode

[DimPrawn]

There's no denying that's cheap motorin', mate.


Chugnut in Smashie and Nicey mode

Cheap motoring is buying a car on a long waiting list such as the Audi R8 supercar, running it for 6 months and then selling it above list price to some mug who must have one today.

HTH

[sasguru]

Cheap motoring is buying a car on a long waiting list such as the Audi R8 supercar, running it for 6 months and then selling it above list price to some mug who must have one today.

HTH

Yeah like you do that.

[xoggoth]

Being tight... I'm always looking for ways to save money

More and more, sas I am starting to realise that you are my kind of guy. I mean that in a REAL GUY sort of way of course.

[Ardesco]

More and more, sas I am starting to realise that you are my kind of guy. I mean that in a REAL GUY sort of way of course.

You like them tight hey Xog...

More of a thrill that way ???

[Bagpuss]

You could ask a mate to give you a lift.....no hang on....

These days you can buy a car for as little as £500 that will last for a few years and only cost for things like brake pads, tyres etc if you buy something unfashionable but sound, like one of the later rover 400 or 200s.

[IR35 Avoider]

I haven't checked, but I'm skeptical that a lease option is possible for £100 a month (unless it's for the cheapest car on the market.) Isn't there an initial and final payment that bumps up the price considerably?

When I looked at this it seemed £200 a month was about the minimum for a respectable car.

[Sockpuppet]

Being tight and not liking to spend money on depreciating assets (after a long history in my youth of draining my cash on impractical sports classics), I'm always looking for ways to save money on motoring. The methods I've come up with are these:

1) Buy a banger (for about 1K) and drive it till it stops. Problem with this is it's luck of draw. If you get a good un, it goes for years, a bad one could die after a week.
2) Lease a small car - I've seen ads for small city cars on PCH for not more that £100 a month, which is peanuts and basically fixed cost motoring as the car is under guarantee.
3) But a new small car outright and flog it after 2 years with a years guarantee still on it and FSH to minimise depreciation.

I favour the latter, but I've worked out the 2nd option might be slightly cheaper.

Any other thoughts?

Funny you should say that one of the last questions on my OU maths paper was the create a recurrnace system for bangernomics.