Just wanted to share my way of thinking ...
I'm a firm believer in the concept of "disposable cars". I'm 24 years old, and earn a decent salary, but I don't like wasting money, so have sucessfully applied the following policy for the last 6 years:
Buy a car for £250 to £450, with maybe 6 to 9 months tax and MOT. Spend nothing on servicing etc, not even oil or wiper blades! Just fuel. When the MOT is about to run out, sell it on cheap (maybe £50 or £100, or at worst just scrap it), then start again for the same amount.
My car ownership has therefore cost me about £300 per year. Bear in mind that INCLUDES road tax. All I've paid on top is insurance and fuel. I reckon it's a damn good financial policy.
And I haven't even had what you'd call "rubbish" cars. I started 6 years ago with an A-reg fiesta, and have worked my way through a Citroen BX, 2 Granadas, a Peugeot 405, Honda Accord, Audi 80.
Now back on another Pug 405, this time a J plate diesel. Great fun to drive, and it's cost me nothing since I bought it for £400 6 months ago. Nothing.
Now, all you who drive nearly new cars (Adam? Simon?) - tell me how much you've spent on servicing, finance repayments etc, in the last six months....
Am I on to something?
I'm a firm believer in the concept of "disposable cars". I'm 24 years old, and earn a decent salary, but I don't like wasting money, so have sucessfully applied the following policy for the last 6 years:
Buy a car for £250 to £450, with maybe 6 to 9 months tax and MOT. Spend nothing on servicing etc, not even oil or wiper blades! Just fuel. When the MOT is about to run out, sell it on cheap (maybe £50 or £100, or at worst just scrap it), then start again for the same amount.
My car ownership has therefore cost me about £300 per year. Bear in mind that INCLUDES road tax. All I've paid on top is insurance and fuel. I reckon it's a damn good financial policy.
And I haven't even had what you'd call "rubbish" cars. I started 6 years ago with an A-reg fiesta, and have worked my way through a Citroen BX, 2 Granadas, a Peugeot 405, Honda Accord, Audi 80.
Now back on another Pug 405, this time a J plate diesel. Great fun to drive, and it's cost me nothing since I bought it for £400 6 months ago. Nothing.
Now, all you who drive nearly new cars (Adam? Simon?) - tell me how much you've spent on servicing, finance repayments etc, in the last six months....
Am I on to something?