At what point do I dump my 10 year old Corsa?

Rolandtheroadie

wxmlad wrote: »

mouse nest ?

After the mouse trap solution, with some thought, if you knew the nest was there (someone must have seen it), why did the dash need to come out to remove it?

hewhoisnotintheknow

keep it

by the way, mice will make homes in any car, not just 10 year old corsas, next time leave a cat in the car, that will scare em off

savemoney

Sometimes it better to keep a car especially when its costs you a fair packet to get back on road. I often find buying a car it needs work done within a few months but then I do pay low prices for old cars

One year I bought a car at auction, yes I was naive, and damn clutch had gone when I got in so had to drive home with no clutch, they managed to drive car in for auction, I was under pressure from OH to get a car that night

jimbo_the_jetset

2,600 per annum - I'd walk!!! Only kidding (well maybe not actually).

Keep the car. The insurance on a new car would cost that a year!!! Well the first 'main dealer' service or two would be!!

If monies are tight shop around for garage repairs, MOT's and especially insurance

AdrianHi

Here is how to measure this, in my opinion anyway.
If you buy 1 year year old Corsa it will loose about £900 in depreciation and cost you say another £100 in "finance charges" which would be either interest on a loan of lost interest on savings.
You do a very low mileage so fuel savigns and tax disk savings will only amount to say £150. So the young Corsa costs you about £850 depreciation and finance charges that the old Corsa does not.
I think we can assume the 10 year old Corsa suffers zero depreciation now.

When your 10 year old Corsa starts to hit you with repair bills (so excluding servicing and other stuff like tyres that need doing on the newer car too) that get near £850 it will be time to consider changing it.

Tax, insurance etc. you'lll be paying on the newer car anyway so it is irrelevant to this case.

Bottom line is your low mileage makes keeping the older car make sense financially, frankly that old Corsa is a gold mine!
Most 26,000 mile Corsa's are probably 2 to 4 years old, except for rust you have a roughly 3 year old car that is no longer costing you depreciation

Another way to look at it is buying the newer car is "only" £850 a year more expensive with the added cash flow challenge of paying the £6500-£7000 purchase price.

pulliptears

I'm in a similar position with a 99 clio with 26k on the clock. I came to the conclusion that I know the car, I know every oil change and service. It's given me few problems over the years really and my last big "cost" on it was rear wheel bearings coming in a £150. Bodywork is A1 and Its consistently passed MOT's when OH's 2005 car has failed them.

Until it starts costing me lots of money I'll be keeping it. If I sold it I doubt I'd get a newer car with such low miles, and I would take the risk there were more problems with that than the one I have.

I also drive a 1982 TR7 with 50k on the clock and again, it's given me very few problems (yes, surprising for a 7 lol).

mcjordi

re the mouse nest i would of bought a haynes manual (circa £15) and took the dash out my self.. ive done it many a time on other cars..

keep it till it dies/costs more than it would to replace it

tomstickland

Considering it's a free car, who cares if you spend £1000 per year on the MOT? Compared with the finance costs and depreciation of a new car.

Bellabooboo_2

Older cars tend to have less technological things going wrong. I sometimes wish i still had my 1.1 popular plus fiesta H registration as I could fix most things on their without diagnostic computer s

Lum

A 10 year old Corsa is, as stated above, worth about 50 quid. Sure yours is low mileage and in excellent mechanical condition, but most aren't as in the last few years they've been driven to within an inch of their life and poorly maintained by cheapskates.

Anyone looking for a 10 year old Corsa will be expecting the above and prepared to pay accordingly. They make a great emergency purchase if you find out your insurance doesn't offer a courtesy car and are faced with hire car bills.

Since yours is running fine you may as well just keep hold of it until it starts costing you serious money to maintain.