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Author Topic: The Economics of a new car  (Read 19015 times)

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05omegav6

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Re: The Economics of a new car
« Reply #75 on: 20 July 2015, 15:03:05 »

My 2.2 LPG, if I had a diesel car it would need to average 54mpg , to give me same cost on the wallet. So Kia is no better on fuel.

I've looked at these service plans, considering one if i went Merc,£500 for few years, £40 a month etc. It's only basic oils and filters.

It won't take into account, brake discs, pads, shocks, belts, exhaust, sensor failures etc. So I doubt the service costs would be fixed for the term.

So based on Jimmys figures, I've saved more like £10k :)
The Merc service plan includes transmission fluid/filter, brake fluids and ANY scheduled service item when it becomes due, but they are potentially expensive... I was paying £55 a month for 3 services over two years. The car had received two services in four months. Including the initial payment I had paid in £330. To cancel the plan I had to pay a further £157 to cover the difference between the two services and £330. There is no way on this planet, that the next service would have cost £990 left had I continued the plan. That said, it is a useful budgeting device.

Discs and pads were replaced twice by me over 30k miles.
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chrisgixer

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Re: The Economics of a new car
« Reply #76 on: 20 July 2015, 15:05:45 »

Funny you should post the CLS, I've hung my nose over one more than once in the past, always been too tight though :P. Love the exterior styling, unlike most other things on the road!

Also, in the interests of shooting my new car argument in the foot, I have NOTHING to recommend a brand new car over one like this which is 8 months and 5,000 miles old and is less than £10k  ::)

Brand new car via DTD is £12500 with 0% APR. So cost for a new car once you subtract a bank loan @ an average 7% APR would be £1250 more than the used car. Then take away £110 for first year road tax and it is £1140 more for the new car. Now that is a deal available to all via DTD. There will be dealer specific deals that will narrow the gap even more. Sub £1000 why would you want to buy a used car? I would go for the new car.

Why? All you have to do is fix the windscreen seal the one you have. Plus a couple of other jobs that escape me currently.

Versus over £1000 a month for another car ...?

Get a new screen on insurance. £75 excess. Plenty of life in the old omega yet. Easily capable of 200,000 miles.
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tunnie

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Re: The Economics of a new car
« Reply #77 on: 20 July 2015, 15:09:56 »

My 2.2 LPG, if I had a diesel car it would need to average 54mpg , to give me same cost on the wallet. So Kia is no better on fuel.

I've looked at these service plans, considering one if i went Merc,£500 for few years, £40 a month etc. It's only basic oils and filters.

It won't take into account, brake discs, pads, shocks, belts, exhaust, sensor failures etc. So I doubt the service costs would be fixed for the term.

So based on Jimmys figures, I've saved more like £10k :)
The Merc service plan includes transmission fluid/filter, brake fluids and ANY scheduled service item when it becomes due, but they are potentially expensive... I was paying £55 a month for 3 services over two years. The car had received two services in four months. Including the initial payment I had paid in £330. To cancel the plan I had to pay a further £157 to cover the difference between the two services and £330. There is no way on this planet, that the next service would have cost £990 left had I continued the plan. That said, it is a useful budgeting device.

Discs and pads were replaced twice by me over 30k miles.

Interesting. Thanks  :y

So discs were not included as you replaced them yourself? I think these plans could work out on 18month-3 year old example.

But on say a 2007 CLS, were dealer history is worth FA, I think it's better on a good independent? Just setup a DD into another account, to save up....
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jimbo125

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Re: The Economics of a new car
« Reply #78 on: 20 July 2015, 15:11:47 »

Lots of facts and figures being quoted and pro and cons of the stated alternative cars. For me I will be a sad old git and keep the old miggy, reliable and an old friend I trust stuff the badge snobbery of the BMW and Merc clans.
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2.5V6 Had it since 2002, what a beast, worth the time and effort to keep it road worthy. Vauxhall bring them back!!! Laser timing kit for OOF member hire

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Re: The Economics of a new car
« Reply #79 on: 20 July 2015, 15:15:45 »

My 2.2 LPG, if I had a diesel car it would need to average 54mpg , to give me same cost on the wallet. So Kia is no better on fuel.

I've looked at these service plans, considering one if i went Merc,£500 for few years, £40 a month etc. It's only basic oils and filters.

It won't take into account, brake discs, pads, shocks, belts, exhaust, sensor failures etc. So I doubt the service costs would be fixed for the term.

So based on Jimmys figures, I've saved more like £10k :)
The Merc service plan includes transmission fluid/filter, brake fluids and ANY scheduled service item when it becomes due, but they are potentially expensive... I was paying £55 a month for 3 services over two years. The car had received two services in four months. Including the initial payment I had paid in £330. To cancel the plan I had to pay a further £157 to cover the difference between the two services and £330. There is no way on this planet, that the next service would have cost £990 left had I continued the plan. That said, it is a useful budgeting device.

Discs and pads were replaced twice by me over 30k miles.

Interesting. Thanks  :y

So discs were not included as you replaced them yourself? I think these plans could work out on 18month-3 year old example.

But on say a 2007 CLS, were dealer history is worth FA, I think it's better on a good independent? Just setup a DD into another account, to save up....

Mr Tunnie......Derv drinking CLS hold their value far better than CLS running on 'proper fuel'... :)

It might be worth considering a full fat CLS 500/550. It will prove far more entertaining and the money
you save over a soot chucker will buy an awful lot of petrol. :y



 
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05omegav6

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Re: The Economics of a new car
« Reply #80 on: 20 July 2015, 15:20:13 »

Lots of facts and figures being quoted and pro and cons of the stated alternative cars. For me I will be a sad old git and keep the old miggy, reliable and an old friend I trust stuff the badge snobbery of the BMW and Merc clans.
Couldn't agree more ;)

Considering scrapping the white estate after 6 years and 170k (now at 270k) :-\ if only to get the black one on the road...
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tunnie

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Re: The Economics of a new car
« Reply #81 on: 20 July 2015, 15:21:47 »

My 2.2 LPG, if I had a diesel car it would need to average 54mpg , to give me same cost on the wallet. So Kia is no better on fuel.

I've looked at these service plans, considering one if i went Merc,£500 for few years, £40 a month etc. It's only basic oils and filters.

It won't take into account, brake discs, pads, shocks, belts, exhaust, sensor failures etc. So I doubt the service costs would be fixed for the term.

So based on Jimmys figures, I've saved more like £10k :)
The Merc service plan includes transmission fluid/filter, brake fluids and ANY scheduled service item when it becomes due, but they are potentially expensive... I was paying £55 a month for 3 services over two years. The car had received two services in four months. Including the initial payment I had paid in £330. To cancel the plan I had to pay a further £157 to cover the difference between the two services and £330. There is no way on this planet, that the next service would have cost £990 left had I continued the plan. That said, it is a useful budgeting device.

Discs and pads were replaced twice by me over 30k miles.

Interesting. Thanks  :y

So discs were not included as you replaced them yourself? I think these plans could work out on 18month-3 year old example.

But on say a 2007 CLS, were dealer history is worth FA, I think it's better on a good independent? Just setup a DD into another account, to save up....

Mr Tunnie......Derv drinking CLS hold their value far better than CLS running on 'proper fuel'... :)

It might be worth considering a full fat CLS 500/550. It will prove far more entertaining and the money
you save over a soot chucker will buy an awful lot of petrol. :y

Yes, had considered that. I could also speak to the resident OOF car dealer, Mr Wyatt. See what he could get me at the auctions. Could pick up a 500 (dreamworld CLS 55) but more likely a 500 on a knock down price.

Have enough spare to the get it LPG'd - Best of both worlds  8)

Prob combined, would come to same retail price as a 500, going by the markups dealers put on  :)
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Andy B

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Re: The Economics of a new car
« Reply #82 on: 20 July 2015, 15:25:58 »

... so that means a 7 seater when the time comes  :-X
 .....

Mercedes R Class  :y :y :y

Could be an option, although MrsT already finds the Omega too big  ;D

SWMBO has yet to sit behind the wheel of mine ....... too big & doesn't like the funny transmission lever
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tunnie

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Re: The Economics of a new car
« Reply #83 on: 20 July 2015, 15:26:41 »

... so that means a 7 seater when the time comes  :-X
 .....

Mercedes R Class  :y :y :y

Could be an option, although MrsT already finds the Omega too big  ;D

SWMBO has yet to sit behind the wheel of mine ....... too big & doesn't like the funny transmission lever

Is it a Yank style one?
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Marks DTM Calib

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Re: The Economics of a new car
« Reply #84 on: 20 July 2015, 15:29:36 »

Er Indoors has a new car, the advantage, brand new and exactly what she wants for less than the cost of a 1 year old used one (in the type she wanted). Plus 10 years of hassle free motoring thanks to the warranty.

As we can afford it, it makes good sense as I don't have to do a dam thing to it!

Plus bought for cash so no dicking about with finance.
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Viral_Jim

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Re: The Economics of a new car
« Reply #85 on: 20 July 2015, 15:30:08 »

Quote
Because the Omega was well over double the price new... comparing a 21-28 mpg exec saloon with a diseasal grotbox isn't in any way, shape or form a fair fight.

But that wasn't the point of the OP, or my post. By your reckoning the "grotbox" the op suggested wouldn't be comparable either. Sure its petrol but that doesn't even have climate or heated seats, or any of the other items you listed.

Quote
Besides, anyone of sound mind would buy a delivery mileage pre reg Astra for £13k
Really? Anyone would pay the same money for a less economical car, with less equipment, and with an extra owner on the V5, oh and with 4 years less warranty. Interesting definition of sound mind.

Quote
neither of those suggestions have heated rear seats, a sunroof, dual zone climate control or 17" wheels as standard. And comparing like for like physically,

Nor does the OP's suggested car, hence my point. Those characteristics are clearly not relevant to the OP's replacement choice. Nowhere in the original post are level of features mentioned.

Quote
using the Omega as a starting point is very relevant to this debate because most of those involved are thinking towards Omega replacement

So let me get this straight, you're saying if I buy a New big saloon car, it'll cost me more than on Old big saloon car...... :o. Well Shut The Front Door! I never would have guessed that!  ::)

What my post was trying to demonstrate that the superficial calculation of "Finance payments on new small car vs cost to maintain my old one" (which was the OP's starting point) needs a greater level of analysis before it is a useful starting point for discussion.
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Andy B

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Re: The Economics of a new car
« Reply #86 on: 20 July 2015, 15:35:09 »

Quote from: tunnie link=topic=131579.msg1686762#msg1686762 date=1437402401


....
Is it a Yank style one?
[/quote

It looks like an indicator stalk on the column. A lot of new Mercedes seem to use them thse days
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Re: The Economics of a new car
« Reply #87 on: 20 July 2015, 15:50:39 »

It might be worth considering a full fat CLS 500/550. It will prove far more entertaining and the money
you save over a soot chucker will buy an awful lot of petrol. :y

Ahh, yes. Always wanted a V8 powered suppository...

Bend over now.. :o
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Andy B

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Re: The Economics of a new car
« Reply #88 on: 20 July 2015, 17:23:39 »

[


....
Is it a Yank style one?

It looks like an indicator stalk on the column. A lot of new Mercedes seem to use them these days

...

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05omegav6

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Re: The Economics of a new car
« Reply #89 on: 20 July 2015, 17:41:59 »

And how many times did you press the button in when moving the lever... :D
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