How do you currently afford your car?

[Deleted User]

mclaren32 said:

Spending money on a nice car is often a choice.

Some of my friends don’t prioritise having a nice car and don’t therefore allocate any money to it. My wife and me both like having nice cars and it’s more of a priority, currently we spend about £500 a month for the privilege with this probably increasing to about £650 when a new car arrives.

That’s a lot of money each month but we will have cars that we love & it’s actually good value when compared to the value of them.

Would you mind sharing what car you're driving and roughly how much of your salary that is? 

motorguy

GunJack said:

motorguy said:

maxmycardagain said:

ask yourself what mileage you do?

once retired maybe 6000/year?

first - dont buy a diesel

2nd - erm.............dunno

+1

I stopped buying diesels some years back, despite being a big advocate of them for a long time.

Not worth the risk of DPF issues when i dont do big miles.

just buy an older one without a DPF.......works for me

Yes, i used to.  But i think that stopped around 2007ish, so you're in to some old.  Which is fine if you can guarantee its been looked after, but that starts to get tricky.

Then it only takes one big bill to kick a year or twos savings in the head - injectors, turbo, pump, DMF, glow plugs.

As i said, i dont do the miles to have to be bothered with the worry or hassle. 

powerful_Rogue

A car to me just gets me from A to B. Which is 5 miles round trip to work and back. As such, i've just purchased a Secma Qpod which will be delivered this week.  A full 10L tank of fuel should last me a while!

motorguy

Grumpy_chap said:

molerat said:

Grumpy_chap said:

At the moment, it is impossible to see how anyone can afford a new car - I just walked past Toyota this morning and they had a used 1yo low-spec Yaris on the forecourt at over £20k.  That's a "nothing special" car and a whole year's wage at NMW.

Lots of people obviously can though.  £20K is not particularly expensive, what I paid a couple of years ago but was a bargain as the dealership down the road had exactly the same for £25K..

It's a lot for a small, basic, non-premium brand car.

Toyota, although not a premium brand per se, seem to be able to sit above Ford pricing, but below say, german premium pricing.

They also hold their value pretty well too.

Wouldnt be my cup of tea, but i know people who swear by them.

Grumpy_chap

motorguy said:

Toyota, 

Wouldnt be my cup of tea, but i know people who swear by them.

Hmm, I had one and certainly it makes you swear!
So totally and utterly boring and bland as to drive you crazy.

iwb100

Grumpy_chap said:

motorguy said:

Toyota, 

Wouldnt be my cup of tea, but i know people who swear by them.

Hmm, I had one and certainly it makes you swear!
So totally and utterly boring and bland as to drive you crazy.

There is nothing wrong with a Toyota. And I mean 20K is not expensive in the current new car market.

Toyotas are solid and reliable and do a job. Many people like them. 

Ibrahim5

I think he is just a Grumpy chap.

mclaren32

Deleted_User said:

mclaren32 said:

Spending money on a nice car is often a choice.

Some of my friends don’t prioritise having a nice car and don’t therefore allocate any money to it. My wife and me both like having nice cars and it’s more of a priority, currently we spend about £500 a month for the privilege with this probably increasing to about £650 when a new car arrives.

That’s a lot of money each month but we will have cars that we love & it’s actually good value when compared to the value of them.

Would you mind sharing what car you're driving and roughly how much of your salary that is? 

My car is a 2016 Focus RS and the new car will be a Jaguar i Pace - the focus is now owned outright (value  approx £26k) and the Jaguar a salary sacrifice through work (value £78k).

We make approx £110k between us.

motorguy

Grumpy_chap said:

motorguy said:

Toyota, 

Wouldnt be my cup of tea, but i know people who swear by them.

Hmm, I had one and certainly it makes you swear!
So totally and utterly boring and bland as to drive you crazy.

Yes, as i said, its not something i could find myself getting excited about - well, maybe the GR Yaris or the GR86, but theres definitely a market for them.

easy

Toyota, although not a premium brand per se, seem to be able to sit above Ford pricing, but below say, german premium pricing.

They also hold their value pretty well too.

Wouldnt be my cup of tea, but i know people who swear by them.

We have a 64 plate top spec 1.3l Yaris automatic which we bought as a runabout 4 years ago.  It cost less than £100 annual service (independent garage) and hasn't needed any other maintenance.  £30 a year tax, £138 fully comp insurance.  it sips petrol - 35-38 mpg on little local runs.  
Just for fun I got an online WBAC value the other day -  currently £70 less than we paid 4 years back!

We will keep it until it dies -  or my hubby does whichever is sooner,  I fully expect it go for at least another 10 years.