Bad news: house prices are rising

Dithering_Dad

ad9898 wrote: »

Yes, but I have I have a Vectra 150 SRi and it costs me about about £1000 a year in extra tax, so not too bad, and compared to having an allowance (which I was offered) I think it's a better deal as you don't have to worry about depreciation, servicing, faults, tyres etc..

So to me £1000 is ok.

That's what I was thinking, its almost worth the extra tax just to not have the hassle of servicing, insurance, etc. and especially depreciation if I end up doing a lot of miles.

ad9898_3

Dithering_Dad wrote: »

That's what I was thinking, its almost worth the extra tax just to not have the hassle of servicing, insurance, etc. and especially depreciation if I end up doing a lot of miles.

Depreciation is the killer, book price of my car new was 20k dead, I have had it 15 months and done 45k in it, in 9 months it will be going back to the lease company with no more than 70k on it (that's their limit) and I doubt it will fetch more than 5k at an auction.

Dithering_Dad

ad9898 wrote: »

Depreciation is the killer, book price of my car new was 20k dead, I have had it 15 months and done 45k in it, in 9 months it will be going back to the lease company with no more than 70k on it (that's their limit) and I doubt it will fetch more than 5k at an auction.

I've just been looking at a mazda RX8. It has tax of £2882.40 pa / £240.20 pm. Might be a little OTT, but what a beautiful car.

ad9898_3

Dithering_Dad wrote: »

I've just been looking at a mazda RX8. It has tax of £2882.40 pa / £240.20 pm. Might be a little OTT, but what a beautiful car.

That's cheap compared to the ownership costs though, most people would have to have a loan for a car like that, and the loan alone(sic) would be more than that unless you had it with Ocean finance over 300 years.:D

Dithering_Dad

ad9898 wrote: »

That's cheap compared to the ownership costs though, most people would have to have a loan for a car like that, and the loan alone(sic) would be more than that unless you had it with Ocean finance over 300 years.:D

hmnnn, :think: that's true. The montly cost of oil for the rotory engine alone could break you. Might see if it's on the company car list.

ad9898_3

Dithering_Dad wrote: »

hmnnn, :think: that's true. The montly cost of oil for the rotory engine alone could break you. Might see if it's on the company car list.

And of course, regardless of what oil you put in it, the rotary engine would break the day after the warranty expired.

JonnyBravo

ad9898 wrote: »

Yes, but I have I have a Vectra 150 SRi and it costs me about about £1000 a year in extra tax, so not too bad, and compared to having an allowance (which I was offered) I think it's a better deal as you don't have to worry about depreciation, servicing, faults, tyres etc..

So to me £1000 is ok.

I too go for the company car option for the peace of mind, and it's worth even more to me than that (think I pay £250/month tax) as I drive an A6 2.0T.
All a question of how motivated you are to economise and do things for yourself DD.