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Financial Lunacy!
Miscellaneous UK car topics Other UK car topics (uk.rec.cars.misc)
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#11
 
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Re: Financial Lunacy! -
11-15-2003
, 04:18 PM
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John Laird <nospam (AT) laird-towers (DOT) org.uk> wrote: On Sat, 15 Nov 2003 14:06:30 -0000, "Oliver Keating" oliver.keating (AT) NOSPAMPLEASE (DOT) ic.ac.uk> wrote: "The Commute in my Audi S3 was costing too much so I opted for a VW Golf GT TDi PD 150..." at which point my mouth opened with shock because I knew there was no way this could work. It would if it was a company car. S3 - taxed on 29% of £24640. Golf - taxed on 15% of £17775. Even more of a win if the fuel is not provided. Indeed - the economics of running a company car are totally different to those of owning one privately. You take it for granted you have a new car and change it every 3/4 years - but you don't suffer the depreciation personally. So tax-efficiency against what you need from a car is the key driving factor. |
[1] although I don't pay bugger all apart from juice, and servicing.[2]
[2] and it goes back on Monday, I'll be Alfa powered for a good while this
time.
--
Pete M.
Golf Gti (For Sale)
Alfa Romeo 164 TS.
Wahey, I'm a proper petrolhead again!"
Liverpool, Great Britain.
"you can lead a horse to water, but a pencil must be lead"
#12
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I was reading the latest "What Car" this morning, and in the section where people write in to talk of their good deals, a woman wrote: "The Commute in my Audi S3 was costing too much so I opted for a VW Golf GT TDi PD 150..." at which point my mouth opened with shock because I knew there was no way this could work. Lets assume that the S3 was getting 25mpg, and her commute was 30 miles each way - 60 miles a day, 5 days a week, 48 weeks a year. By my calculations that is 576 gallons/year, which means her annual fuel bill is around £2,000/year. This is only an estimate, but it gives an order-of-magintude idea of how much someone could be spending on commuting. She then went onto say how she got her new car with options for *only* £18,850 and blah blah blah. Now the thing is, assuming the diesel golf is twice as econimcal as the S3 (which is a bit of a strong assumption!), she would be saving around £1,000 /year. How many years will it take before any money has actually being saved? And of course if she doesn't keep the Golf forever she will be hit by depreciation. Even though the Golf is a "low" depreciator, it only retains around 50% of its value over 3 years. So during the first three years, it will depreciate at a rate of approximately £3,100/year. Where are the savings to be had there? Yes I know her S3 will be depreciating too, but if it isn't brand new then you can expect the rate of depreciation more like £1,000/year I just can't believe how people can go and spend thousands of pounds without first sitting down with a pen and paper and doing a few calculations first. Some people get hyper-obsessed with how much money they spend on fuel because they percieve it as money down the drain, but depreication on new cars is equally money down the drain. If I were the editor I would have told her to buy a J-reg Fiesta diesel and be happy with it  |
hit the nail on the head from my point of view. Then again, my point of view
recently involves an Alfa 164 which was damn cheap, and is worryingly half
the cost of the Golf to insure, and better on fuel too. Bonus!
--
Pete M.
Golf Gti (For Sale)
Alfa Romeo 164 TS.
Wahey, I'm a proper petrolhead again!"
Liverpool, Great Britain.
"you can lead a horse to water, but a pencil must be lead"
#13
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Oliver Keating <oliver.keating (AT) NOSPAMPLEASE (DOT) ic.ac.uk> wrote: "Steve Knight" <steve.kXnigXht1 (AT) bluXeyonXder (DOT) co.uk> wrote in message news:EErtb.757$xX3.6272240 (AT) news-text (DOT) cableinet.net... I just can't believe how people can go and spend thousands of pounds without first sitting down with a pen and paper and doing a few calculations first. This from the man in the Mercedes C class coupé. We got the coupe because its a pretty car, nothing to do with financial reasons. The fact that it is marginally more economical than the SL is a bonus. So why do you have a problem with people buying cars for other irrational reasons, such as "it goes like fuck" or "it's enormous and intimidating"? |
costing too much," yet it seems unlikely in the extreme that replacing her
car would save her money.
And as for the above two, fast cars are unecessary given speed limits and
traffic congestion, and as for off roaders, well I think everyone knows what
I think of those. Besides both of those drink oil fields whole with little
regard for their environmental impact.
Quote:
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-- http://www.speedlimit.org.uk "If laws are to be respected, they must be worthy of respect." |
#14
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If I were the editor I would have told her to buy a J-reg Fiesta diesel and be happy with it Well, I'd not go as far as a J reg Fiesta Dieseasel, but otherwise you've hit the nail on the head from my point of view. Then again, my point of view recently involves an Alfa 164 which was damn cheap, and is worryingly half the cost of the Golf to insure, and better on fuel too. Bonus! |
Golfs supposed to average 50mpg or summat? What does the Alfa do?
Peter
#15
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If I were the editor I would have told her to buy a J-reg Fiesta diesel and be happy with it Well, I'd not go as far as a J reg Fiesta Dieseasel, but otherwise you've hit the nail on the head from my point of view. Then again, my point of view recently involves an Alfa 164 which was damn cheap, and is worryingly half the cost of the Golf to insure, and better on fuel too. Bonus! Cheaper to insure I can understand, but better on fuel???? Aren't those PD Golfs supposed to average 50mpg or summat? What does the Alfa do? |
My Golf GTi I'm on about, 18 years old, 1.8 K-jetronic powered and with mega
short Alpine region gearbox.
Golf does between 26 and 35 mpg. 164 between 32 and about 40. (T-Sparks are
great on fuel)
--
Pete M.
Golf Gti (For Sale)
Alfa Romeo 164 TS.
Wahey, I'm a proper petrolhead again!"
Liverpool, Great Britain.
"you can lead a horse to water, but a pencil must be lead"
#16
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AstraVanMan made the world a better place for us by saying.. If I were the editor I would have told her to buy a J-reg Fiesta diesel and be happy with it Well, I'd not go as far as a J reg Fiesta Dieseasel, but otherwise you've hit the nail on the head from my point of view. Then again, my point of view recently involves an Alfa 164 which was damn cheap, and is worryingly half the cost of the Golf to insure, and better on fuel too. Bonus! Cheaper to insure I can understand, but better on fuel???? Aren't those PD Golfs supposed to average 50mpg or summat? What does the Alfa do? *points at sig* My Golf GTi I'm on about, 18 years old, 1.8 K-jetronic powered and with mega short Alpine region gearbox. Golf does between 26 and 35 mpg. 164 between 32 and about 40. (T-Sparks are great on fuel) |
which the hydraulic acutator kicks in the 'wild' cam profile :-)
--
Steve H 'You're not a real petrolhead unless you've owned an Alfa Romeo'
http://www.italiancar.co.uk - Honda VFR800
VW Golf GL Cabrio (carb broken) - Alfa 75 TS - Alfa 33 1.7ie
BoTAFOT #87 - BoTAFOF #18 - MRO # - UKRMSBC #7 - Apostle #2 - YTC #
#17
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Pete M <pete.murray (AT) NO (DOT) SPAM.blueyonder.co.uk> wrote: AstraVanMan made the world a better place for us by saying.. If I were the editor I would have told her to buy a J-reg Fiesta diesel and be happy with it Well, I'd not go as far as a J reg Fiesta Dieseasel, but otherwise you've hit the nail on the head from my point of view. Then again, my point of view recently involves an Alfa 164 which was damn cheap, and is worryingly half the cost of the Golf to insure, and better on fuel too. Bonus! Cheaper to insure I can understand, but better on fuel???? Aren't those PD Golfs supposed to average 50mpg or summat? What does the Alfa do? *points at sig* My Golf GTi I'm on about, 18 years old, 1.8 K-jetronic powered and with mega short Alpine region gearbox. Golf does between 26 and 35 mpg. 164 between 32 and about 40. (T-Sparks are great on fuel) Only if you keep them below the 4k mark on the rev-counter.... after which the hydraulic acutator kicks in the 'wild' cam profile :-) |
--
Pete M.
Golf Gti (For Sale)
Alfa Romeo 164 TS.
Wahey, I'm a proper petrolhead again!"
Liverpool, Great Britain.
"you can lead a horse to water, but a pencil must be lead"
#18
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My Golf GTi I'm on about, 18 years old, 1.8 K-jetronic powered and with mega short Alpine region gearbox. Golf does between 26 and 35 mpg. 164 between 32 and about 40. (T-Sparks are great on fuel) |
Peter
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