MathewWithOneT wrote:
from experience i have found better condition cars tend to fetch higher prices which in return results in piece of mind. repair bills can cost a lot of money.
why do you wish you had a crapper car?
and yes i am saying it does cost less to maintain a new car.
I paid £200 for my Escort, I got a year out of it. I spent £35 on parts for a service and did it myself (would have cost a case of lager if I got a mate to do it for me).
Let's say I went and bought a 2 year old Focus (as a comparison). Say I paid £7k for it. How much is a service on one of those, which needs to be done by a dealer rather than yourself to keep the warranty? £300-400 at a minimum, right? Then do you want to start factoring in depreciation as well?
I see what you're saying about it works out more expensive in the long run to run a crappy old car, but if you're just running it for a year then I don't see a problem at all. Pay £200 for it, you'll probably get £100 minimum for it at the scrapyard when you're done with it. That way you're not paying out £75 a pop because you've put another dent in the door of the car you just spent thousands buying.
And I wish I had a smaller engined car as my first car because it'd be cheaper to run and insure. My first Escort was a 1.4. Was a good balance though considering how often it was on the motorway.