Petrol vs Diesel

Mickey666

Deleted_User said:

AdrianC said:

anotheruser said:

Mase more difficult as I'm looking at a 2017 plate. Some say free tax, others say £155, hence confusion.
Tax is likely to be the biggest outgoing for that car (apart from the initial purchase of course).

VED changed for cars registered on or after 1st April 2017. That was a month into 17 plates.
16/66 and before are all on the old scheme, CO2 banded.
67/18 and later are all on the new, flat-rate plus £40k list-price hike.
17 plate, you need to check the exact car you're looking at.

And, no, VED will not be the biggest outgoing. Tax is cheap. Even if it's a Band M/£40k+, £565/year vs £475 car.
Depreciation will almost certainly be the biggest outgoing. Insurance, maintenance, fuel will all be up there, too.

Depreciation is NOT A COST. It is NOT AN OUTGOING
You do not pay an annual bill for "depreciation". Depreciation is an issue if you buy a car intending to run it for say 3 years and sell it and even then it's arguable as, shock horror, you use the thing you bought. My bottle of whisky has depreciated from £100 to £0 because I drank it. Have I lost £100 through depreciation? No! I enjoyed the whisky and it gave me the value
Someone still running a 56 plate car and on about buying a 4 year old car, presumably to run it for another 12-13 years does not have a cost of depreciation. Their biggest costs are maintenance, insurance, fuel and tax.

Of course it is a cost and you pay for it up-front.  Sure, you get to use it, get value from it and enjoy it, just like your bottle of whisky, but it has still cost you £100 regardless of what you call it.  The bottle of whisky HAS depreciated in value because it is now empty and you must pay another £100 for a new one. 

If the bottle was still half-full then it won't have fully depreciated in value and you could sell it for, maybe, £30 but it has certainly depreciated in value.  Same as a car.  Also same as a car is that once you've bought your bottle of whisky there's no cost of depreciation when you drink from it - as you rightly say, there is no annual bill for 'depreciation' - but you can't drink from it forever and eventually it will be a worthless empty bottle.  At which point, you have to buy another one and THAT'S when you pay the bill for depreciation.

AdrianC

Deleted_User said:

AdrianC said:

And, no, VED will not be the biggest outgoing. Tax is cheap. Even if it's a Band M/£40k+, £565/year vs £475 car.
Depreciation will almost certainly be the biggest outgoing. Insurance, maintenance, fuel will all be up there, too.

Depreciation is NOT A COST. It is NOT AN OUTGOING
You do not pay an annual bill for "depreciation". Depreciation is an issue if you buy a car intending to run it for say 3 years and sell it and even then it's arguable as, shock horror, you use the thing you bought. My bottle of whisky has depreciated from £100 to £0 because I drank it. Have I lost £100 through depreciation? No! I enjoyed the whisky and it gave me the value
Someone still running a 56 plate car and on about buying a 4 year old car, presumably to run it for another 12-13 years does not have a cost of depreciation. Their biggest costs are maintenance, insurance, fuel and tax.

That's you, that is.

Ditzy_Mitzy

AdrianC said:

Deleted_User said:

AdrianC said:

And, no, VED will not be the biggest outgoing. Tax is cheap. Even if it's a Band M/£40k+, £565/year vs £475 car.
Depreciation will almost certainly be the biggest outgoing. Insurance, maintenance, fuel will all be up there, too.

Depreciation is NOT A COST. It is NOT AN OUTGOING
You do not pay an annual bill for "depreciation". Depreciation is an issue if you buy a car intending to run it for say 3 years and sell it and even then it's arguable as, shock horror, you use the thing you bought. My bottle of whisky has depreciated from £100 to £0 because I drank it. Have I lost £100 through depreciation? No! I enjoyed the whisky and it gave me the value
Someone still running a 56 plate car and on about buying a 4 year old car, presumably to run it for another 12-13 years does not have a cost of depreciation. Their biggest costs are maintenance, insurance, fuel and tax.

That's you, that is.

What, on the night boat to Cairo?  Or perhaps he's having to walk like an Egyptian 'cos his car has broken down....  

Biggus_Dickus

Ditzy_Mitzy said:

AdrianC said:

Deleted_User said:

AdrianC said:

And, no, VED will not be the biggest outgoing. Tax is cheap. Even if it's a Band M/£40k+, £565/year vs £475 car.
Depreciation will almost certainly be the biggest outgoing. Insurance, maintenance, fuel will all be up there, too.

Depreciation is NOT A COST. It is NOT AN OUTGOING
You do not pay an annual bill for "depreciation". Depreciation is an issue if you buy a car intending to run it for say 3 years and sell it and even then it's arguable as, shock horror, you use the thing you bought. My bottle of whisky has depreciated from £100 to £0 because I drank it. Have I lost £100 through depreciation? No! I enjoyed the whisky and it gave me the value
Someone still running a 56 plate car and on about buying a 4 year old car, presumably to run it for another 12-13 years does not have a cost of depreciation. Their biggest costs are maintenance, insurance, fuel and tax.

That's you, that is.

What, on the night boat to Cairo?  Or perhaps he's having to walk like an Egyptian 'cos his car has broken down....  

I’m an amateur Egyptologist of some repute and I can confidently state that the Night Boat to Cairo doesn’t exist,...its madness to think it does.

 

 

JustAnotherSaver

Ditzy_Mitzy said:

lots of cars actually gain value as they age.  

I was with you on the depreciation post but i don't think a Fiat Panda stored in a garage for 20 years is going to be worth much more than it was when it was bought. Same way a Fiesta 1.25 bog standard trim.

Take the Focus ST and all the others have been ran in to walls and trees and there's barely any around, nevermind unmolested ones or an Astra GSi for example and i'll agree with you - i think they'd be worth a pretty penny but "lots of"? Nope.

Ditzy_Mitzy

JustAnotherSaver said:

Ditzy_Mitzy said:

lots of cars actually gain value as they age.  

I was with you on the depreciation post but i don't think a Fiat Panda stored in a garage for 20 years is going to be worth much more than it was when it was bought. Same way a Fiesta 1.25 bog standard trim.

Take the Focus ST and all the others have been ran in to walls and trees and there's barely any around, nevermind unmolested ones or an Astra GSi for example and i'll agree with you - i think they'd be worth a pretty penny but "lots of"? Nope.

Fiat Panda 1000 CL Classic Fiat with low mileage and long MOT | eBay
I don't know.  Stuff you couldn't give away ten or fifteen years ago is starting to fetch a few quid now.  

Grumpy_chap

I'd quite like one of the original Panda 4x4

NottinghamKnight

Ditzy_Mitzy said:

JustAnotherSaver said:

Ditzy_Mitzy said:

lots of cars actually gain value as they age.  

I was with you on the depreciation post but i don't think a Fiat Panda stored in a garage for 20 years is going to be worth much more than it was when it was bought. Same way a Fiesta 1.25 bog standard trim.

Take the Focus ST and all the others have been ran in to walls and trees and there's barely any around, nevermind unmolested ones or an Astra GSi for example and i'll agree with you - i think they'd be worth a pretty penny but "lots of"? Nope.

Fiat Panda 1000 CL Classic Fiat with low mileage and long MOT | eBay
I don't know.  Stuff you couldn't give away ten or fifteen years ago is starting to fetch a few quid now.  

Doesn't mean it will sell for that, or at all of course.

Herzlos

Ditzy_Mitzy said:

JustAnotherSaver said:

Ditzy_Mitzy said:

lots of cars actually gain value as they age.  

I was with you on the depreciation post but i don't think a Fiat Panda stored in a garage for 20 years is going to be worth much more than it was when it was bought. Same way a Fiesta 1.25 bog standard trim.

Take the Focus ST and all the others have been ran in to walls and trees and there's barely any around, nevermind unmolested ones or an Astra GSi for example and i'll agree with you - i think they'd be worth a pretty penny but "lots of"? Nope.

Fiat Panda 1000 CL Classic Fiat with low mileage and long MOT | eBay
I don't know.  Stuff you couldn't give away ten or fifteen years ago is starting to fetch a few quid now.  

What would that have sold for new, inflation adjusted?
That seems a lot of money for a not-quite-classic car that's not that desirable.

JustAnotherSaver

I wouldn't get too excited over a Panda being advertised for a couple of grand.

I could advertise this keyboard i'm typing on for 10k. Doesn't make it special.

The wife had a Fiat Cinquento Sporting as her first car in 2008 on a 96-plate and it had done 5k genuine miles. That's 5k, i haven't missed out another number. P/X value i think was £300 at the time, maybe £500, can't remember. They advertised at £1295 and couldn't sell it. I believe it was exported to Ireland in the end.

Did a search on some Astra GSi's. One clean example on a 52 was up at £9k, now sold. Not a bad return on a 17 year old car. Would probably go up in value if untouched. I remember when i was in the market for one but running costs put me off, they were around the £4k-£6k marker and this was a few years ago. Sri-T's even less at the time though I don't think they're as common.