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[chrisgixer]

D. Are you suffering from depression?

Do you really think that is funny? Sometimes I do not understand you. Why do you need to ridicule everything including a mental health condition?

It's a genuine question out of concern.

[henryd]

D. Are you suffering from depression?

Do you really think that is funny? Sometimes I do not understand you. Why do you need to ridicule everything including a mental health condition?

It's a genuine question out of concern.

Why,because he didn't agree with you,not everyone has too you know

[Rods2]

One of the few freedoms left in this country is how we spend our money after we have paid our essential bills and there is no right or wrong how you spend it, just what is right for you and your dependents.

People's priorities also depend upon their personal circumstances. Somebody that earns mega money through working very long hours, would say that the money they would lose through instead of working, by repairing a car, would cost them more than throwing money at a new / leased car every 3 years, where any problems are for the garage to sort out. Shortage of time and time management are their priorities. Whereas somebody working a 37 hour week or maybe only part time and struggling to run a car, would say a cheap secondhand one and home maintenance is essential. Then there's the hobbyist who enjoys repairing his car, so regardless of money would do it for the enjoyment.

So IMO this thread and some very opinionated opinions and arguments are all a bit pointless as it is horses-for-courses and what personally suits you and your circumstances.

[D]

One of the few freedoms left in this country is how we spend our money after we have paid our essential bills and there is no right or wrong how you spend it, just what is right for you and your dependents.

People's priorities also depend upon their personal circumstances. Somebody that earns mega money through working very long hours, would say that the money they would lose through instead of working, by repairing a car, would cost them more than throwing money at a new / leased car every 3 years, where any problems are for the garage to sort out. Shortage of time and time management are their priorities. Whereas somebody working a 37 hour week or maybe only part time and struggling to run a car, would say a cheap secondhand one and home maintenance is essential. Then there's the hobbyist who enjoys repairing his car, so regardless of money would do it for the enjoyment.

So IMO this thread and some very opinionated opinions and arguments are all a bit pointless as it is horses-for-courses and what personally suits you and your circumstances.

Finally, a reasonable post.

Cannot agree more, spend as you see fit and what suits your circumstances. Calling someone stupid just because they choose to spend money (on something they like) is plainly not correct.

[chrisgixer]

D. Are you suffering from depression?

Do you really think that is funny? Sometimes I do not understand you. Why do you need to ridicule everything including a mental health condition?

It's a genuine question out of concern.

Why,because he didn't agree with you,not everyone has too you know

Not at all, because he only ever posts to disagree with aggression. Not one post helpful post. Not one post of participation. Not a kind or helpful word to say to anyone. Can't fix his omega, won't ask for or accept help to do so. It therefor must be the car at fault as the windscreen seal is leaking, among other very minor issues. Obviously these, iirc, mean the omega should be replaced.

Ok fine, but don't tell me it's not more expensive to replace the car with a new one than fix the old one.

[chrisgixer]

One of the few freedoms left in this country is how we spend our money after we have paid our essential bills and there is no right or wrong how you spend it, just what is right for you and your dependents.

People's priorities also depend upon their personal circumstances. Somebody that earns mega money through working very long hours, would say that the money they would lose through instead of working, by repairing a car, would cost them more than throwing money at a new / leased car every 3 years, where any problems are for the garage to sort out. Shortage of time and time management are their priorities. Whereas somebody working a 37 hour week or maybe only part time and struggling to run a car, would say a cheap secondhand one and home maintenance is essential. Then there's the hobbyist who enjoys repairing his car, so regardless of money would do it for the enjoyment.

So IMO this thread and some very opinionated opinions and arguments are all a bit pointless as it is horses-for-courses and what personally suits you and your circumstances.

Finally, a reasonable post.

Cannot agree more, spend as you see fit and what suits your circumstances. Calling someone stupid just because they choose to spend money (on something they like) is plainly not correct.

Rods you've fallen into the trap. D has manipulated this to appear that there's some sort of argument. There's isn't. I don't give a shot who spends money in what. In fact if you re read you'll see that I agree. If you want something go for it.

But here's the point. It IS more expensive. Simple maths. Most expensive omega, say 3k for arguments sake. Fix every common issue. Say another 3k working worst way.

Now. Find me a new car for 6k.

[chrisgixer]

If your not cable of diy, that will cost you as well btw. If you don't have the time, that will cost you. And so on. But it will still be cheaper than a new car. ANY new car.

[chrisgixer]

D. Are you suffering from depression?

Do you really think that is funny? Sometimes I do not understand you. Why do you need to ridicule everything including a mental health condition?

It's a genuine question out of concern.

Why,because he didn't agree with you,not everyone has too you know

Post 26.


Actually no. I'll start again.

Of course, disagreeing with me is entirely a ridiculous notion. Apparently we all have to think the same, get along, and never dis agree on anything.

[Viral_Jim]

Perhaps the economics are not so ridiculous. IF you know nothing about cars so DIY isn't an option. Consider a brand new Kia Rio 1.4cdti, run for 7yrs and 90k (12k pa). This is a pertinent example as it's what my colleague has just bought £13,500 plus £500 for 5 services (5yrs worth).

Assuming 2 remaining services are £150 each.

Car cost: £13,500
Finance cost £800 (based on double what I've just paid for £15k bank loan over 2yrs)
Servicing £800
Tax £210 (£30 pa)
Insurance £1260 (based on actual quote for me of £180 pa)
Fuel £10,600 (based on his actual 50mpg)
Residual £1500 (guess)
Total cost: £25,670

Vs an omega

Car cost: £800 (buy a good'un, treat yourself )
Servicing £500 (£70 pa - probably would need more than this)
Tax £2100 (£300 pa)
Insurance £2100 (based on actual quote for me of £300 pa)
Fuel £19000 (based on my actual 26.5mpg)
Residual £200 (scrap)
Total cost: £24,700

So, for the privilege of lying under your car for 7years, you've saved a grand total of £970. Or £2.66 per week.

Now, it's arguable that an omega is a nicer place to be than a Rio. However, that's personal opinion so should not be considered. Especially as some would argue being easier to park and more reliable is more important! I've also not factored anything outside of routine servicing, again I think the Rio would benefit if this were included.

Now, you could lpg, and assuming a 40% fuel saving you would save a further £6k (after fitting cost). However that adds a further level of servicing. Also it's not practical for everyone and would still only see you make savings of £20.87 per week.

If you aren't someone who can DIY, I'd wager the miggy would cost you significantly more. Perhaps let's not be so quick to rubbish the new option .

[05omegav6]

A £13,000 Kia is not a comparison... Especially when you completely ignore the not insignificant issue of £12,800 depreciation on the Kia

Redo those numbers with a 12 year old Astra

Like for like, you should be comparing the Omega with a brand new 525 or E250... And factoring in seven years depreciation to boot...

Ignoring of course the whole using finance to buy the bloody thing in the first place

[Viral_Jim]

A £13,000 Kia is not a comparison... Especially when you completely ignore the not insignificant issue of £12,800 depreciation on the Kia

Why not? It has AC, heated seats, dab, cruise, MP3 cd and (in the case of my 2.2) is as fast. Aesthetics shouldn't come into a rational debate on cost. Also, look at the resale values I used. Depreciation is factored in  .

Ignoring of course the whole using finance to buy the bloody thing in the first place

Finance cost is in there too. Did you even read what I wrote before replying?

Like for like, you should be comparing the Omega with a brand new 525 or E250... And factoring in seven years depreciation to boot

Why?? These cars are faster, better equipped, safer and more economical. Not to mention that Vaux is not an equivalent premium brand. The only way a miggy is objectively comparable to these is kerb weight.

The original post was new vs old in terms of cost. I was trying to demonstrate it isn't that clear cut.

[chrisgixer]

Plus, you forget lpg potential. 1/3 saving of fuel, plus you need somewhere to put the tank. Which means a bigger car. Which means the Rio is not comparable to the Omega. Hence the Astra referance.

Rio not too bad a car tbh. But it's too small for my needs. And of course, is Wrong wheel drive.

Finance deals obviously add their cut on top of the purchase price. You might get 0% interest, but it's rarely available on the top models more on the stuff they want shifted, and immediately you loose any bargaining power on the purchase price as the finance company takes that as their profit.

If you need finance then question if you can actually afford it. There's always the fact the finance frees up cash flow, but that has a cost. Thereby adding the massive differential between what's paid in total, and what the car is actually worth.

Like adding loans to a mortgage which is the most expensive form of loan there is, car finance and depreciation runs it to second place.

So, unless you have a massive tax bill that needs offsetting, buy cheaper, buy used, and keep your cash in YOUR pocket. Not someone else's.

[chrisgixer]

Oh AND there's the old warranty/servicing conundrum to add in as well. Adding to the cost of the new car as dealer servicing prices claw at the wallet further to keep a warranty valid that you'll have to fight to enforce anyway should it go wrong.

[Lazydocker]

New cars can make sense... Must admit I've considered it for my business use as the Omega is taking a bashing now with a lot of work travel!

But... You have to be able to get a very good deal and understand that it will depreciate!

I've also considered another cheap Omega and running it into the ground 

[Diamond Black Geezer]

Perhaps the economics are not so ridiculous. IF you know nothing about cars so DIY isn't an option. Consider a brand new Kia Rio 1.4cdti, run for 7yrs and 90k (12k pa). This is a pertinent example as it's what my colleague has just bought £13,500 plus £500 for 5 services (5yrs worth).

Assuming 2 remaining services are £150 each.

Car cost: £13,500
Finance cost £800 (based on double what I've just paid for £15k bank loan over 2yrs)
Servicing £800
Tax £210 (£30 pa)
Insurance £1260 (based on actual quote for me of £180 pa)
Fuel £10,600 (based on his actual 50mpg)
Residual £1500 (guess)
Total cost: £25,670

Vs an omega

Car cost: £800 (buy a good'un, treat yourself )
Servicing £500 (£70 pa - probably would need more than this)
Tax £2100 (£300 pa)
Insurance £2100 (based on actual quote for me of £300 pa)
Fuel £19000 (based on my actual 26.5mpg)
Residual £200 (scrap)
Total cost: £24,700

So, for the privilege of lying under your car for 7years, you've saved a grand total of £970. Or £2.66 per week.

Now, it's arguable that an omega is a nicer place to be than a Rio. However, that's personal opinion so should not be considered. Especially as some would argue being easier to park and more reliable is more important! I've also not factored anything outside of routine servicing, again I think the Rio would benefit if this were included.

Now, you could lpg, and assuming a 40% fuel saving you would save a further £6k (after fitting cost). However that adds a further level of servicing. Also it's not practical for everyone and would still only see you make savings of £20.87 per week.

If you aren't someone who can DIY, I'd wager the miggy would cost you significantly more. Perhaps let's not be so quick to rubbish the new option .

Been away fromthis thread for a few days and it appears things have become more heated than the front seat of an Omega PFL with a black interior in direct sunlight 

Have to say, however, as an advocate of the 'bangernomics' the above post has brought a very fair point to the table, and although I could start splitting hairs about 'ooh, that cost is off here and there by a few p' etc I have to say that's a surprisingly similar lump of cost, there. Of course a Kia Rio isn't a comparable vehicle in many ways, as said, but the point about a car that goes, stops, and will do so on a cold and frosty morning reliably makes that almost identical final sum total very....worrying/interesting/shocking in equal measure.

Having just learned that I'm earning slightly less than I thought I was, and basically at one gnat's hair's breadth above minimum wage, the bangernomics, vs a brand new 525 etc will have to wait. I'm one of those people that will gladly spend my hard-earned on eg: a set of 30 pieces of royal worcester 70s tacky vintage crockery for £20, rather than the same sum on some brand new Tesco rubbish, or some made in Sheffield scissors for 50p at a car boot, that will still be sharp in 20 years, instead of some Poundland ones that will be blunt in a year, and so on and so on. But nevertheless that comparison does make interesting reading. And of course the fact that if people didn't but the things new in the first place, there'd be no second hand cars/crockery/scissors is a very fair point. 

The lively debate is good to see, I say