£8200 aaginst £500 to fix the Mazda....keep it ...you're £7800 up.
You have to work out how much extra per year the Mazda will cost to maintain compared to the purchase cost of a new car minus price on selling it, divided by its ownership lifetime in years. Sometimes it is cheaper to buy a new car.
Indeed you do, but it's highly unlikey to work out cheaper to buy a new or second hand car in this case, at least for the next 5 years.
What is your evidence for that remark? I had a K class Micra, described here as bulletproof. It fell to pieces at 10 years and 100,000 miles, and was getting costly to maintain. If a car fails, you’re forced to buy a replacement in a hurry rather than at leisure and usually at a better price. Of course if you have a backup, that’s not an issue.
Because I own a car from the same make which is older (coming up on 14yo) which is is still in decent condition, including rust. Older Mazdas (the early Mazda3 gen-1 cars) did suffer, mine was one of the ones that they resolved that problem to a reasonable degree, later ones and other cars in their range have not suffered much from rust since.
If the OP has a petrol version (likely for a Mazda2) and has serviced it properly, then the only items that (for the most part) need maintenance are general wear and tear items like suspension bushes/arms/dampers, maybe a wheel bearing. The petrol engines are very hardy and the bodyshells from about late 2005 across the baord are far better at resisting rust.
I would suspect that the costs over the next 5 years would amount to (other than standard servicing) about £750 - £1500, tops. The cost to change to buy another car, even second hand would likely come it at around £6k - £7k, and they don't know for sure exactly how well it was driven/kept as they don't know the previous owner.
A 'new' second hand car would also need fettling at that price, as it would be old enough for some wear and tear items to start appearing and may soon need new tyres.
I certainly didn't ever say that Micras were bulletproof - that specific model was generally reliable, but eventually succumbed to corrosion, and why I PXed mine to get my current Mazda3 (I owned a K11 for nearly 8 years up to its 10th birthday).
The later Micras designed and built under the alliance with Renault were, IMHO, of lower quality (engineering-wise) and I wouldn't call them good. I just read in a recent Which? magazine car buying special that the latest model was considered to be poor in terms of reliability.
Petrol-engined Mazdas (forgetting the RX-8) built after the rusting problem era are fine and can last a long time. I see quite a number of 2s and 3s from the mid 2000s still looking fine in my area. Mine, touch wood, has never failed an MOT yet. If anyone, including the OP, lives in an area or near the sea that is reowned for quickly rusting out cars (i.e. the council regularly uses road salt because they get a lot of snow/ice in winter), then that would put a different spin on the situation.
Mazda 2s of that era are also related to the Ford Fiesta and don't have that much in the way of fancy electronics to go wrong.
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