oggbashan
Dying Truth seeker
- Joined
- Jul 3, 2002
- Posts
- 56,017
...
Og, that's why I've put off buying a car here. I simply couldn't be able afford any repairs / issues with it.
There are unavoidable costs: tax, insurance, fuel, servicing and repairs.
Those apply to any car, no matter its value. Three new tyres has increased the value of my car by about 30%. It has travelled 261,000 miles from new. If I were to be in an accident the car would be written off and after the excess on my insurance I could claim about the cost of the new tyres.
I haven't had an insurance claim on a car for over 40 years so I have the maximum no-claims bonus. (Motorcycles? That's different. My insurers weren't too pleased with my accident record which is one of the reasons I have stopped riding motorcycles.)
I practise minimal motoring. My cars are old but well maintained. I don't have depreciation because the capital cost was written off years ago. One of my friends changes his high-specification BMWs every year. He pays more in depreciation when he drives his new car off the forecourt than I pay in ten years for tax, insurance, servicing and repairs. He can't understand my style of motoring. I can't understand his.