How do I purchase a car if driving 35k miles a year?

ScrumpyMagpie

Looking to purchase a crossover car. Average price is 15k. Thinking of changing after 3 years / 100k miles.

How should I purchase based on driving so many miles a year? HP, PLP, Other?

Thanks in advance!

motorguy

ScrumpyMagpie wrote: »

Looking to purchase a crossover car. Average price is 15k. Thinking of changing after 3 years / 100k miles.

How should I purchase based on driving so many miles a year? HP, PLP, Other?

Thanks in advance!

A loan will work out cheapest.

Why do you specifically need a crossover car and be doing 35,000 a year?

Firstly, they're significantly harder on fuel which is going to be a big factor for you.

Secondly, they are generally more mechanically complex.

Thirdly, they wont hold their value terribly well with starship miles on them

Fourthly, running costs will be high.

With those sorts of miles, i'd be buying a Passat or Skoda Octavia (or an estate variant of either) - high MPG and not unsellable with starship miles.

ScrumpyMagpie

motorguy wrote: »

A loan will work out cheapest.

Why do you specifically need a crossover car and be doing 35,000 a year?

Firstly, they're significantly harder on fuel which is going to be a big factor for you.

Secondly, they are generally more mechanically complex.

Thirdly, they wont hold their value terribly well with starship miles on them

Fourthly, running costs will be high.

With those sorts of miles, i'd be buying a Passat or Skoda Octavia (or an estate variant of either) - high MPG and not unsellable with starship miles.

Cheers for the comment - let me try and explain....

Mon-Fri Commute = 100 miles. Pretty much all dual carriageway. Prefer the higher driving position to see what is going on and to help with my back.

Sat/Sun - Drive anywhere in the country with 2x teens and a boot full of tenpin bowling balls, so I need the car to be able to cope with weight and 300 mile trip

I am 6'4" so I need a car with room

We are a family of 7. Three Teens and 2 x foster toddlers at the moment, plus the good lady.

Point 3 - yep that I get which is why I am struggling to work out the best way to do this (affordably) as I want to get another car every 100k in miles.

comeandgo

With that sort of mileage your car won't be worth much after 3 years. Have you looked at HP? With an H P agreement you can return a vehicle as long as you have paid half the value of your HP and there is no comeback. You don't get any money back but it means your car is not in negative equity.

ScrumpyMagpie

comeandgo wrote: »

With that sort of mileage your car won't be worth much after 3 years. Have you looked at HP? With an H P agreement you can return a vehicle as long as you have paid half the value of your HP and there is no comeback. You don't get any money back but it means your car is not in negative equity.

Will look into it thanks - the salesmen had different opinions in different garages.

motorguy

comeandgo wrote: »

With that sort of mileage your car won't be worth much after 3 years. Have you looked at HP? With an H P agreement you can return a vehicle as long as you have paid half the value of your HP and there is no comeback. You don't get any money back but it means your car is not in negative equity.

Whilst you could arguably "get away" with a reasonable differential in mileage compared to average, i dont think you would get away with such massive variance. The O/P would be returning a car after 2 years with an extra 70,000 miles on it compared to 24,000.

I think that would be considered to be beyond reasonable use.

motorguy

ScrumpyMagpie wrote: »

Will look into it thanks - the salesmen had different opinions in different garages.

Dont

Its a bad idea.

Take out straight finance or a loan over 3 years so you've the loan cleared when you' ready to change the car.

motorguy

ScrumpyMagpie wrote: »

Cheers for the comment - let me try and explain....

Mon-Fri Commute = 100 miles. Pretty much all dual carriageway. Prefer the higher driving position to see what is going on and to help with my back.

Sat/Sun - Drive anywhere in the country with 2x teens and a boot full of tenpin bowling balls, so I need the car to be able to cope with weight and 300 mile trip

I am 6'4" so I need a car with room

We are a family of 7. Three Teens and 2 x foster toddlers at the moment, plus the good lady.

Point 3 - yep that I get which is why I am struggling to work out the best way to do this (affordably) as I want to get another car every 100k in miles.

I would get a passat diesel.

A large 4x4 will do 30mpg at best. A Passat bluemotion diesel will do 60mpg.

Or a Superb diesel

stator

Buy a low mileage old car for cash and then work the hell out of it for 3-5 years and then buy another one. Best value for money.

motorguy

stator wrote: »

Buy a low mileage old car for cash and then work the hell out of it for 3-5 years and then buy another one. Best value for money.

It "might" be the best value for money, but thats not necessarily what the O/P wants.

I can buy a pair of jeans from a charity shop for £2 and that would make them best value for money, however its not necessarily what i want.

loskie

Buy/lease a small economical car for the weekly commute and a big second hand barge (like Hyundai Santa Fe, xc90) for the weekend