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[tunnie]

Sounds like a very capable motor, Mark. I wouldn't say £450 a month is cheap, but for what you're getting it's certainly good value. Enjoy 👍

Only cheaper if you go bangernomics and run something very old, but these days I don't have the time to maintain things and spend a weekend sorting out a car.

Even then, if you do big miles you'd struggle I think. Obviously don't know what your lease is, but for us, we pay £550 ish pcm to do 25k/yr (4yr lease). Running a banger we'd spend:

£343 per month in diesel (40mpg)
  £20 per month for tax
  £20 for servicing (2.5 regular services per year, plus belts, water pumps etc - this is a DIY price and I'm not convinced you wouldn't spend more when things wear out)
  £45 for insurance (the galaxy currently costs £39, so added a bit as its only insured for 10k/yr)
  £15 for tyres (assuming a full set every 40k at £70 a corner)
------
£443 just to run an old car

The only extra costs on the ev are electricity (2.3p/mile for me - excluding any freebies from work) =£49pcm to do 25k/yr.

So, over 4yrs and 100,000 miles the banger would have to be purchased and any problems/failures fixed for £156 per month. I'd say this was very unlikely to work out in favour of the banger, particularly as something in the £1-2k bracket probably wouldn't give you the 40mpg average you'd need to keep the fuel cost down and would probably need a big chunk spending on it to bring it up to snuff.

Even if it did *just* work out financially, you have to want to lie under the car, fix all the problems etc to save what amounts to a few quid a month, vs driving round in a brand new car with someone on the end of the phone to fix any issues for you.

This was exactly my thoughts, plus on this side it's a brand new car

[Field Marshal Dr. Opti]

£450 PCM for a brand new 600 BHP all wheel drive BMW sounds pretty cheap to me.

I would have thought a figure closer to £800.

Did you pay a large deposit?

[tunnie]

£450 PCM for a brand new 600 BHP all wheel drive BMW sounds pretty cheap to me.

I would have thought a figure closer to £800.

Did you pay a large deposit?

Nope

£0 deposit on work scheme 

[Field Marshal Dr. Opti]

£450 PCM for a brand new 600 BHP all wheel drive BMW sounds pretty cheap to me.

I would have thought a figure closer to £800.

Did you pay a large deposit?

Nope

£0 deposit on work scheme 

Clucking bell.....sounds like a good deal.

[STEMO]

That's really cheap, that is! 

[Viral_Jim]

Clucking bell.....sounds like a good deal.

They are currently an extremely good deal for those of us who Ms Reeves currently likes to ream out via PAYE. The 'trick' is that the net cost is low because we would otherwise be giving the money away in Tax. My car for example has a scary gross lease cost of something like £1150 per month, but because there's no way I could get to keep all of that, the net cost of having it as a company car is much lower.

Arguably you could put the gross amount into a pension and run a cheaper car - but where's the fun in that 

[STEMO]

Clucking bell.....sounds like a good deal.

They are currently an extremely good deal for those of us who Ms Reeves currently likes to ream out via PAYE. The 'trick' is that the net cost is low because we would otherwise be giving the money away in Tax. My car for example has a scary gross lease cost of something like £1150 per month, but because there's no way I could get to keep all of that, the net cost of having it as a company car is much lower.

Arguably you could put the gross amount into a pension and run a cheaper car - but where's the fun in that 

I thought you were an accountant? 

[TheBoy]

You will have to bring it round one day tunnie , looks a decent enough car and at a good price - had you bought with your own money, depreciation would be wiping out a fair chunk of that monthly cost, and general wear/tear items the rest.

I've found all beemers a little too stiff for around the last 15+ years, and that tends to aggravate by back issues, but not sat in a milk float version. So would be good to flatten your battery give it a go.

We must be due a curry, if you can arrange an overnight pass away.   Hmmm, curry, beer, pissing around with cars... ...just like the old days

[Field Marshal Dr. Opti]

You will have to bring it round one day tunnie , looks a decent enough car and at a good price - had you bought with your own money, depreciation would be wiping out a fair chunk of that monthly cost, and general wear/tear items the rest.

I've found all beemers a little too stiff for around the last 15+ years, and that tends to aggravate by back issues, but not sat in a milk float version. So would be good to flatten your battery give it a go.

We must be due a curry, if you can arrange an overnight pass away.   Hmmm, curry, beer, pissing around with cars... ...just like the old days

.....and women.

Always good to get a leg-over after a night out.

[YZ250]

Lovely car Mark, enjoy.