Nice People Thread No. 14, all Nice and Proper

Spirit_2

I usually buy new and then keep it until it is uneconomic to do so, had 250,000 miles from a volvo estate which I loved and 165000 miles over 10 years from my yaris.
My BMW has been sold heavily discounted to DD as it has barely driven for the last year is now three years old and has done 30,000 miles.

If I sold it on the open market or p/x'd it the depreciation felt crystalised and costly. selling it for even less to our daughter feels better in that I know she has a bargain reliable car.
Bizarrely a newish neighbour thought I might want to sell it at the same low price to her son. I have never met him, but she told me he has been trading cars over the last 18 months as he saves profits from each to one to build a nest egg for a maserati.

Zag DD has been very happy with her i10. It still had two years of warranty on it when she bought it so was ideal for a mature student with no money for unexpected large repairs. Low road tax and good fuel consumption too.

We get 'dings' repaired by a local mobile company. Who do an excellent job. Oh's car was keyed and they are going to see if they can fix that too,

Spirit_2

michaels wrote: »

How long you keeping it? There have been some deals recently on hukd for pcp for about 2k all in for 2 years, much cheaper than depreciation and no need to worry about long term reliability.

What is pcp please?

I have a driving assessment on 5th October afterwhich I hope to get a car and adaptations. I wiil be very low mileage <5000 a year for a few years and as I recover further The type of car I want will change,. I do not expect this new car to be a long term keeper.

Would this be a good type of deal for me?

kabayiri

Spirit wrote: »

What is pcp please?

I have a driving assessment on 5th October afterwhich I hope to get a car and adaptations. I wiil be very low mileage <5000 a year for a few years and as I recover further The type of car I want will change,. I do not expect this new car to be a long term keeper.

Would this be a good type of deal for me?

Personal Contract Purchase.

At one time this was the preserve of the German executive auto companies like Mercedes.

This is because you need to have confidence in the residual value of the car after a set period to operate an effective PCP scheme.

Nowadays we can predict value of cars from most makers, and popularity of PCP has increased.

PCP keeps the cost down because it utilises the residual value of the car in the pricing.

These schemes work in general if you can stick to the predicted mileage, and you can see them through to term. Bailing out on a 3 year PCP deal after just 1 year would not be very MSE.

kabayiri

PasturesNew wrote: »

I've wondered whether it's worthwhile getting my dings fixed, or leaving them. A door, opened in violent winds, was forcibly opened, causing a nasty crease when it was bent back beyond where the hinges would normally allow. Trouble is, without any particular desire to get it fixed (fear of spending loads of time getting quotes, only to find out it's too expensive to be worth it).

I'd probably consider up to £50 a worthwhile price.

I've got a dint in the side door too. I don't think £50 will go anywhere. I suspect they would be wanting £150+.

Mind, anything they quote on my 4x4 is £150+. (They must have seen me coming )

michaels

In the small print of the PCP is info on what dings are acceptable wear and tear, for ours it seemed a lot more reasonable than I expected although it does make us park away from other cars and be very careful getting stuff in and out of the boot.

There have been a few deals recently for small cars where the total cost of 'ownership' over 2 years for lowish (5-8k pa) mileages was about 2000. I would have though most small cars from new would depeciate from for example 9k on the road to 5k over the same period so the pcp is much cheaper. Obviously if you buy a 2 year old car at 5k and keep it for 6 years and sell for 1k your cost per year (assuming no expensive breakdowns) is lower still.

gfplux

My wife has a fiat 500. Wonderful city car. Very easy to park, fun to drive.

SingleSue

The new car is amazing! Horrible drive back from the dealership as it was raining and the traffic heavy but I survived albeit quite stressed.

Still working out all the gadgets, finally worked out how to adjust the wing mirrors (thought the switch was defective until I worked out it was a slide to the left or right to activate the adjustment and not just a press as per the instructions) and somehow despite looking straight at it, couldn't find where to set the speed limiter/cruise control...hidden in plain view or I was just too excited/stressed/eeked out to see it.

I also set it to auto for the lights and then became paranoid they were not going to come on in the heavy rain tonight after picking youngest up from college....I was panicking unnecessarily!

GDB2222

Spirit wrote: »

I usually buy new and then keep it until it is uneconomic to do so, had 250,000 miles from a volvo estate which I loved and 165000 miles over 10 years from my yaris.
My BMW has been sold heavily discounted to DD as it has barely driven for the last year is now three years old and has done 30,000 miles.

If I sold it on the open market or p/x'd it the depreciation felt crystalised and costly. selling it for even less to our daughter feels better in that I know she has a bargain reliable car.
Bizarrely a newish neighbour thought I might want to sell it at the same low price to her son. I have never met him, but she told me he has been trading cars over the last 18 months as he saves profits from each to one to build a nest egg for a maserati.

Zag DD has been very happy with her i10. It still had two years of warranty on it when she bought it so was ideal for a mature student with no money for unexpected large repairs. Low road tax and good fuel consumption too.

We get 'dings' repaired by a local mobile company. Who do an excellent job. Oh's car was keyed and they are going to see if they can fix that too,

DW and I share a car and we do almost exactly 4000 miles a year. It's amazingly consistent from year to year. Maybe half of that is going away to the seaside for our hols, with the rest driving around London. A lot of our journeys are either on foot or public transport, as it is often hard to park a car in London. It's hopeless to drive into the centre, as you have to drive back out again to park the car.

michaels

I find the light coming on in the garage automatically does the trick, along with closing the garage door before getting out of the car.

I'm not gone soft though, I sometimes have to stand out on the platform for a few minutes (although it is sheltered) and I have to walk 50m form the tube station to my office.

Generali

$75 million for a cake!!!

http://www.cnbc.com/2015/09/14/75-million-cake-sets-price-record.html