Cheapest new car?

Nebulous2

I'm looking for low cost motoring.

I've just done the bangernomics thing - £390 car, with a year's mot, did about 5000 miles, most of them paid as mileage from my employer. It has just failed its MOT and I got £120 as scrap for it.

Spurred on by some posts on here I've been looking at leasing deals. The best I've found so far is a Seat Mii, £92 a month for 35 months, with 3 payments up front or £276. These figures include VAT.

That's for a basic model 5 door with 10k miles, though I could get by on less miles and seems pretty good to me.

I'm happy to pull the trigger very quickly if the deal is right - end of month deals would be fine.

So any other suggestions? Is there anything better out there?

forgotmyname

£3500 to rent the car for 3 years + other costs. More than enough for 10 years worth of bangernomics.

Nebulous2

forgotmyname wrote: »

£3500 to rent the car for 3 years + other costs. More than enough for 10 years worth of bangernomics.

That's very very unlikely, unless I strike it really lucky. My banger cost £390 as I said, but it needed 4 new tyres, a wheel bearing and a driveshaft while I had it. I also paid £30 for an MOT and £180 VED.

A city car will be cheaper to insure, will almost double my mpg and will be £30 or so for VED, with the first year included in the costs, as is a service plan. So there will be very few 'other costs.'

Anyway that is a bit of a red herring, which is my own fault because I talked about my previous banger.

What I wanted to know was whether I had squeezed pretty much every penny out of a lease, or whether there was something even cheaper out there?

forgotmyname

The best deals are on cars that nobody wants. A cars thats a poor seller with an unpopular colour and spec.

I got 5 years worth of motoring for £2500. Exc insurance and fuel. Big family estate also so its possible to do it for less. But i like/need a big car.

jaydeeuk1

On hotukdeals a fiat 500 with lots of toys for £2700 / 24 months.

CKhalvashi

Nebulous2 wrote: »

That's very very unlikely, unless I strike it really lucky. My banger cost £390 as I said, but it needed 4 new tyres, a wheel bearing and a driveshaft while I had it. I also paid £30 for an MOT and £180 VED.

Mine cost £350.

Had 3 tires (£120ish each, but one of those as I hit one of the new ones on a kerb), windscreen (£200ish), MoT and £260 of tax since I've had it, and is still worth £1500/£2k in parts to anyone, and still puts a smile on my face every time I drive it. It's done about 15000 miles in the 11 months I've owned it, and used as a second car.

Mine was a dealer part ex, that was too good to scrap but at the same time not worth the dealer putting on the forecourt, bought direct from the car graveyard that took it in.

My advice is to speak to either a dealer or a car graveyard, to see what they've got in good condition.

andygb

forgotmyname wrote: »

The best deals are on cars that nobody wants. A cars thats a poor seller with an unpopular colour and spec.

I got 5 years worth of motoring for £2500. Exc insurance and fuel. Big family estate also so its possible to do it for less. But i like/need a big car.

I totally agree with you.
I got four years of expense free motoring from an old BMW 528i years ago, and it only cost me £1200. The OH and I went to Italy and the South of France in it, and I once saw 145mph down the Mulsanne straight in it - happy days.
Yes, it did use a bit of fuel, but the classic insurance was cheap and it never failed to put a smile on my face.:)

Nebulous2

jaydeeuk1 wrote: »

On hotukdeals a fiat 500 with lots of toys for £2700 / 24 months.

Got it thanks. It is certainly better specced, but the 5 doors and lower price on the mii still beats it for me.

worried_jim

forgotmyname wrote: »

I got 5 years worth of motoring for £2500. Exc insurance and fuel. Big family estate also so its possible to do it for less. But i like/need a big car.

I've just added up my total motoring bill including purchase of 3 bangers in 3 years, all fuel, insurance, tax and maintenance and it comes to £7657, covered 8679 miles at a cost of 88p per mile traveled and an average of £2552 to run a car each year.

I need to get out more....

But its good to know the absolute price I spend.

If I take the fuel out the the cost of buying three cars is £1590 minus £250 scrap, total £1340. Better than an any lease deal.

Have to add at no point did any of these bangers let me down or miss a beat and so far have really enjoyed doing it and would whole heartedly recommend it to anyone.

colino

How many miles, personal and work, do you do a year? I can think of nothing worse than having to grin and bear a cheap and nasty eurobox as my mobile office, just because it was the cheapest on the forecourt.

Nebulous2

colino wrote: »

How many miles, personal and work, do you do a year? I can think of nothing worse than having to grin and bear a cheap and nasty eurobox as my mobile office, just because it was the cheapest on the forecourt.

We have a family car in addition to this, for holidays, trips away and my wife uses it during the week. It is a two year old Zafira

We tried to manage with one car. I commute on a bicycle, use it for work trips on shorter distances, but occasionally have longer trips, where time and having to change my clothes doesn't let me cycle.

I tried using a hire car for the occasional longer trips, but booking, waiting to collect it, handing it back and worrying about my excess if someone scratched it was a lot of hassle.

So a year ago I bought a 04 Kia Rio from an auction. It has done just over 4500 miles in the last year. The drive shaft and wheel bearing issues required two breakdown recoveries in the last year.

So very much occasional use - but I like knowing it is there, that I can grab it and go, without having to plan my workload around family use.

To be honest I prefer big cars, but can't see a need for one.