📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Your Bangernomics successes

1146147149151152202

Comments

  • mr_harris wrote: »
    Just wondered what peoples thoughts are on Mot length when buying a banger car I know longer the better but this does not always mean a car without problems.

    No doesn't mean it's without problems, When I bought a 13 year old Megane for £400 it came with 11 months MOT with less than 100 miles added since the MOT. Rear brakes seized up a few weeks later costing me £90+ to fix. Then it needed a tie rod or something like that (can't remember now) a few weeks after that.
  • Bought an 18 year old 106 Diesel with a full years MOT for £250 as the old guy who owned it couldn't handle the lack of PAS, drove it for a year and fuelled it on whatever was vaguely oily, in that time it needed just a quick radiator repair. Worked out at over 60mpg the whole time. Sold it with no MOT a year later for £200. I actually missed it when it went.

    Bought another Pug, an original 306 D-Turbo for £250, it needed the 4 bushes that hold the back subframe/axle to the body, a wishbone and front discs. Walked it's MOT, had a summer's fun out of it and sold it for £650.
  • <text removed>

    Bought another Pug, an original 306 D-Turbo for £250, it needed the 4 bushes that hold the back subframe/axle to the body, a wishbone and front discs. Walked it's MOT, had a summer's fun out of it and sold it for £650.


    For many people the reason bangernomics doesn't make sense is due to repair costs associated with older cars. Just out of interest, did you carry out the repair yourself; if not then how much did that set you back? I think if people could list the repair costs then it would give a better idea of the actual money savings.
  • James2k
    James2k Posts: 300 Forumite
    Thing is, lots of small things that can go wrong can be easily fixed by yourself (but would be very expensive at a garage). however some people cant deal with doing any work to their car, and for those people, they need to stick to their monthly payments.
  • Stoke
    Stoke Posts: 3,182 Forumite
    James2k wrote: »
    Thing is, lots of small things that can go wrong can be easily fixed by yourself (but would be very expensive at a garage). however some people cant deal with doing any work to their car, and for those people, they need to stick to their monthly payments.

    I love working on cars :) That's why i love bangernomics.
  • GunJack
    GunJack Posts: 11,847 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 27 September 2018 at 7:06AM
    James2k wrote: »
    Thing is, lots of small things that can go wrong can be easily fixed by yourself (but would be very expensive at a garage). however some people cant deal with doing any work to their car, and for those people, they need to stick to their monthly payments.

    Even if you don't do much yourself (any more, in my case ;) ) it can still work out cheaper overall when you're buying so cheap. E.g. there was no way I was going to replace brakelines on mine for a new MoT, £230 all-in for local garage to do it...overall cost of car now £10+£230=£240 :) Plus, the running costs are so low it's worthwhile doing the repairs ;)

    Plus, I feel a lot less bad about paying a few hundred £ for car, plus few hundred £ for some repairs than if I'd spent £2k on a car and still had to spend the same few hundred £ on repairs...

    So, for £240 I've got 19-20 months of motoring....how does that stack up against a PCP???
    ......Gettin' There, Wherever There is......

    I have a dodgy "i" key, so ignore spelling errors due to "i" issues, ...I blame Apple :D
  • buglawton
    buglawton Posts: 9,246 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    For many people the reason bangernomics doesn't make sense is due to repair costs associated with older cars. Just out of interest, did you carry out the repair yourself; if not then how much did that set you back? I think if people could list the repair costs then it would give a better idea of the actual money savings.
    The intermediate approach is gain some experience seeking out good independent mechanics who have low overheads and enjoy being their own boss. I've had excellent service this way. Some have worked on my driveway, others have a back street garage off the beaten track.
  • James2k
    James2k Posts: 300 Forumite
    GunJack wrote: »

    So, for £240 I've got 19-20 months of motoring....how does that stack up against a PCP???
    you are less of a person because you don't have the latest rego of course! :D

    id say if you aren't doing it yourself then as you do, have a good garage!
  • GunJack
    GunJack Posts: 11,847 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    James2k wrote: »
    you are less of a person because you don't have the latest rego of course! :D

    id say if you aren't doing it yourself then as you do, have a good garage!

    !!!!!! is that?????

    My trusted indy charges a reasonable £30+vat an hour, could prob get a mobile mech cheaper....don't live in the south east or a big city ;)
    ......Gettin' There, Wherever There is......

    I have a dodgy "i" key, so ignore spelling errors due to "i" issues, ...I blame Apple :D
  • GunJack wrote: »
    !!!!!! is that?????
    *registration
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.