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Just thinking as you do stuck at work all day, Could you realistically buy cars for under say £300 to run around for a year with out repairing it ??
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I'm sure plenty of people do just that - probably without tax and insurance too in some cases!
cheers, Sofa Spud
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New cars that can be bought for £6k or below are considered disposable aren't they?
Buy one new with a 2 or 3 year warranty, the residual values are terrible, run it into the ground or get rid when it starts to cost big money to repair.
For example, buy new for £6k, if it lasts for 6 years & is then costing big time, you've lost £1000 per year in depreciation, not that bad, anything it can be sold for is a bonus.
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6 Years? Should be closer to 10 years (depending on mileage etc.). £1000/year is quite a bit when you consider a £300 car is likely to cost half that.
My car's almost 6 years old, and going strong. It's got 4 brand new tryes (two were replaced due to a recent experience with nails), a battery which is about a year old, brand new front brakes, and a fairly new exhaust. It's running really well, and it's unlikely that things should go wrong for some time now. Over the next few years the worst case scenario would be a lot less than £1000/year, especially if I do any repairs myself.
The car's a FIAT too, so it's not exactly an expsensive brand. It cost me £2100, I've had it nearly 3 years, and it's still worth around £1000. So I will have lost no more than £400/year, and the best bit is that the next few years will be even cheaper!
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Local gangs call these 'pool cars'. They arn't taxed, tested insured or even registered to the drivers, and are simply disposed of /abandoned when the police pay any attention to them.
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It's amazing how much car you can buy for so little. As cost of repairs rises, this will continue. Anyone with an elderly Mondeo that needs a new clutch will know what I mean. Not picking on Mondeos, but I just know from experience.
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Pal of mine picked up a Peugeot 605 from ebay for, I think , £350. So far it has done 10,000 miles and only cost him an oil and filter change. Reckons when he does get a big bill, he can just break it and get his money back from the parts.
( Incidentally, the cash for this purchase came from him breaking his last car, an Astra where the timing belt gave up in big style. He made £450 selling that for parts.
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bangernomics.tripod.com/
is (was ?) a regular contibutor here in the backroom
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Good read that Bangernomics website.
I would love to give it a try but I'm way too fussy on car ownership !!
Shows you can run a car for a year in what you would pay in pure intrest when buying a car on finance.
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YEs, I had a string of Montegos a few years ago. It started when the best (i.e. newest!) one was written off, then I bought another for pennies, had it welded for it's MoT, used it for a year, next moT due and it needs more welding & an exhorst. Too much so bought another, swapped the good bits from the old one onto the new, cannibalised bits of old one (lights etc) and scrapped old one. ran 'new' one for a few months, then gearbox went, so bought another Monty for £100, MoT'd it for £200, used it for a year. then bought a Luton Rot-Box and it cost me more in a year than the Montys ever did.
after my period of Monty ownership, I had several sets of front and rear lights in my garage, plus 6 wheels and could change the timing belt on them in under 40 mins.
Dirt cheap motoring. During the year I only used to do an oil & filter change and the air filter (to keep fuel consumption reasonable)
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But the emotional costs of owning that many Montegos must have outweighed the financial savings made!
--
Mattster
Boycott shoddy build and reliability.
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Current Banger is Audi Avant with a 2.0 litre petrol on a 'K'. Yesterday's M.O.T. (with a mechanic I trust: Jean Louis Auriol in Hull) was £300, two new exhaust sections and a new Lambda sensor. Jean also adjusted top suspension mounts and a rear bearing. He told me rear discs and pads will need replacing, but I can do that.He also said braking effort as tested for M.O.T. was fine. (would another mechanic have said discs and pads had to be replaced?
I know this is not a true banger (too complex) but has ABS and a "procon ten" system so is safe to drive. Car cost £300 in April with 5 months tax and M.O.T. and a sheaf of previous bills from new.
Safe, solid, happy to let wife drive it and transport "children" (17 and 14!) Also good for transporting rubbish to the tip. £300 for another year's motoring (touch wood!) is not too bad...
Tim{P}
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Bought an E-reg Astra in 2000 for £500, 1 owner fsh. 5 years and 40k miles later still going. Apart from an oil seal that leaked, normal servicing is all that has been required. I certainly subscribe to the bangernomics ethos!
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Ultimate disposable car at the moment must be the CityRover. Available with delivery mileage for now much over £4K. Tough Peugeot engine as well.
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I thought it was the K-series engine which suffers from head gasket failures?
It is a bargin though!
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