What o you think of this deal? New Ford Fiesta £65 per mth 4.9%

kitchpoo

Ling_Valentine wrote: »

A car is not an investment opportunity and never will be.

My 1967 Moggie Minor I bought 15 years ago is going strong, and according to the MMOC, the value is up 15% from purchase. Not as good as sticking it in the bank but a fair bet. Ownership hasnt been miserable... but then again, it does under 100 miles a year, insurance is under £100 and no RFL to pay. MOT is the only outlay.... and finding leaded petrol is getting harder.

credit_crunch_victim

for 2000-00 less over two years you can get
aa cover
mot only 1 needed it will come with a new one
4 tyres
and 15-00 worth of diesel a week now that is a better deal
you will say it is a good deal its your job

Ling_Valentine

credit_crunch_victim wrote: »

for 2000-00 less over two years you can get
aa cover
mot only 1 needed it will come with a new one
4 tyres
and 15-00 worth of diesel a week now that is a better deal
you will say it is a good deal its your job

Your figures are dreamland and the car you recommend is a completely different, older shape, model.

I quote exact costs (plus one first service).

You cross your fingers and hope the old car passes the MOT, doesn't need anything, that the future value is accurate, and remember... you are tying up that liquid cash and driving an inferior, less safe, car.

Like I say, a 1976 model is even cheaper - why not recommend one of those?

Not my job... I don't have one of those things where I sell my time to someone else to boss me around. ...It's my business. So YES I would say that, I agree.

Ling_Valentine

kitchpoo wrote: »

My 1967 Moggie Minor I bought 15 years ago is going strong, and according to the MMOC, the value is up 15% from purchase. Not as good as sticking it in the bank but a fair bet. Ownership hasnt been miserable... but then again, it does under 100 miles a year, insurance is under £100 and no RFL to pay. MOT is the only outlay.... and finding leaded petrol is getting harder.

Yes!!! Here is a great example of enjoying an older car. Just don't get in an accident. But, I have the same problem with my 1970 Nuclear Missile Truck with its 7.0 litre petrol V8 and 6x6. Mind you, that doesn't even have seatbelts, but to balance, it would not notice running over a Minor I tested it on a Tesco shopping trolley at 20mph. That would dent most cars. But... exit one completely squashed shopping trolley, hahahahaha!

I have £100 insurance too, and no RFL, but I also have no MOT!!!!! It is exempt. How good is that?

This is one of the few pics I can find with no advertising, apologies for me in front of it.

Lemonade_Pockets

kitchpoo wrote: »

My 1967 Moggie Minor I bought 15 years ago is going strong, and according to the MMOC, the value is up 15% from purchase. Not as good as sticking it in the bank but a fair bet. Ownership hasnt been miserable... but then again, it does under 100 miles a year, insurance is under £100 and no RFL to pay. MOT is the only outlay.... and finding leaded petrol is getting harder.

Idiot, what a stupid way to try and prove a point. You have shelled out over £2000 on this car even if you paid £10k for it you have made a loss of £500. Thats before you've driven it which presumably envoked some sort of fuel and service cost.

By comparison even if you'd managed to get a average of 2% pa from the bank your money would of increased by almost 35%

Ling_Valentine

kitchpoo wrote: »

and finding leaded petrol is getting harder.

Well, MSc hat on again (also BSc in Applied Chemistry) ...leaded petrol is a massive evil. I recommend you do not use it. The poison thrown out is terrible, most soil next to UK roads is poisoned by this lead. Lead is cumulative. It adds up, never disappears. It cannot be synthesised or biodegraded. Do not add to the poison of lead in the air or ground. Leaded fuel should be completely banned. The engine will be fine on unleaded.

I would not recommend adding to it in the scattergun method of car exhaust. It is completely unacceptable to run any engine on leaded fuel, in human terms.

Replacing leaded petrol with unleaded is a forgotten triumph of the last 25 years. In this instance, the public outcry about valves and pistons was 100% wrong. Blood/lead levels have reduced significantly in younger people (reduced over equivalent-aged population samples, it can never reduce once it is inside you) thanks to this change. Lead makes you stupid and kills you.

My Missile truck uses unleaded.

credit_crunch_victim

what do you do with your old and worthless 2 and 3 year old cars that are going to fail there first mot
i feel i need to warn people to not buy anything that has been previously driven for fear of mechanical failure
have you got those figures yet for recalls breakdowns and warranty work on brand new cars please i am looking forward to reading them

Lemonade_Pockets

credit_crunch_victim wrote: »

what do you do with your old and worthless 2 and 3 year old cars that are going to fail there first mot
i feel i need to warn people to not buy anything that has been previously driven for fear of mechanical failure
have you got those figures yet for recalls breakdowns and warranty work on brand new cars please i am looking forward to reading them

Missing the point these are covered by the free breakdown cover and warranty - So no cost.

Ling_Valentine

credit_crunch_victim wrote: »

what do you do with your old and worthless 2 and 3 year old cars that are going to fail there first mot

They go to auction to be bought by people who either re-sell them for profit (not much profit in that these days) or who buy them thinking they will save money over a new one.

They may save some money, not every car is better leased.

However, for those that are... all that scrimping and scraping with old cars is of no use at all. It is wasted effort. Use the effort to make money instead.

Lemonade answered the other point.

winanyway

The other joy of owning an older car is the Russian roulette one participates in.

The beloved Cam Belt which if this little rubber band decides to go snap,will surely spoil ones day,and often result in the purchase of a new engine.

Now I know these manufacturs economy device are supposed to last a given period,but as I experienced a belt go on a Vauxhall at 27k miles .:eek:

Having an interest in a cam belt replacement company.I can assure you we do very nicely out of cam belts that have reached there sell by date early.

we also do M.O.T's and would support Lings figures for M.O.T failures.

Our general experience is that secondhand cars get secondhand maintenance.!!!