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Mar 16, 2017 15:58:36 GMT
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Am i the only one running a book price £ 750 retro but have invested three times that much ? Compared to what modern tin box owners tell me on price of parts i suppose for a 21 year old car it is expected what with the current price of parts. I am quite contented having spent more than the market value ( and some ) to know my current retro will not be found on every street corner. Most i put into a project was 8k and no hope of getting a quarter of that back but i always think one cruise down the Med for two weeks and id have only a memory where as the projects keep me sane and i justify it somehow as being my hobby. Anyone agree / disagree ?
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Started out with nothing and have most of it left.
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Mar 16, 2017 16:11:42 GMT
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It's a hobby, not an investment. Season tickets to football, fishing licences, golf membership, nearly all hobbies cost money. Mrs generallee and I spend loads on pottering in the garden, but we enjoy it and the results. It's only a little ex-council house garden but it's ours and we love it.
On another note, I spend more than my daily smoker 306 is probably worth every year just taxing it...
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Mar 16, 2017 16:49:35 GMT
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350 on a mk3 Astra 9 years ago, between wheel changes and tidying it up, numerous changes I'm in at 2kish and it still looks a nail and atm doesn't even work
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Mar 16, 2017 16:51:08 GMT
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Speaking of smokers... I never got, how people can literally burn money to consume the smoke!? And yes: I am the kind of person who did put far too much money into my cars. On the other hand: every now and then I read questions (or thread titles) like: Which cars are a good investment for the future? or Which cars are profitable to break? I hate these threads, never read them and wish they would be banned. They spoil RR a bit for me. People smoke because it makes them more attractive. And it makes them look hard.
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Mar 16, 2017 16:51:46 GMT
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You could say that about any car over 10 years old that needs a clutch/dmf combo doing though, sometimes it's cheaper than replacing the car itself yet the time you factor in searching, time, fuel, insurance, ved etc. Either way I'd rather have an older car I like than a eurobox that's newer just for the sake of a new car.
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fad
Posted a lot
Posts: 1,781
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Mar 16, 2017 16:58:45 GMT
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Am I the only one who gets genuinely chea as f motoring outta mine? My daily is a MK1 VRS estate. Retro? Nah. Will it be? Probably. But hell its cheap to keep! I might even start tidying it up one day...
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vulgalour
Club Retro Rides Member
Posts: 7,082
Club RR Member Number: 146
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100% Too Far In Threadvulgalour
@vulgalour
Club Retro Rides Member 146
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Mar 16, 2017 19:02:06 GMT
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I've spent about £700 putting my £300 car right and it's now worth £500 on a good day. Maths never was my strongest subject at school.
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ChasR
RR Helper
motivation
Posts: 10,192
Club RR Member Number: 170
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100% Too Far In ThreadChasR
@chasr
Club Retro Rides Member 170
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Mar 16, 2017 19:23:09 GMT
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Speaking of smokers... I never got, how people can literally burn money to consume the smoke!? And yes: I am the kind of person who did put far too much money into my cars. On the other hand: every now and then I read questions (or thread titles) like: Which cars are a good investment for the future? or Which cars are profitable to break? I hate these threads, never read them and wish they would be banned. They spoil RR a bit for me. Depends really. Not everyone can spanner on a car. I have a few mates with 'older' moderns and the amount they put into them seems surprising! Sure if it is interesting I see their point but on a £800 shitbox? That and people are trying to maxise what they are spending. Despite me going to one car and IMO spending less than I was years ago on three cars (3 lots of insurance, tax, servicing, maintenance etc.) and earning more my spending power doesn't seem to have increased ; in fact I'd say the opposite and I'm walking to work these days too! But that's a discussion for another forum. While they annoy me too I can see why people ask the question. It's part of the reason I've not bought "newish" car for years now. I love my tinkering but I do also love my driving.
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Mar 16, 2017 19:30:10 GMT
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£500 daily , should have been £900 but got ebay bargain.
Last 6 months
2 wishbones £400 Alternator/vacuum pump £360 2 new tyres £80 New rear brakes , calliper £250 New front brakes , oil change £70 [ favour as they left all my wheel nuts loose last time !!!]
Yeah , I'm no good at maths either. Hopefully a few more jobs and i have a car which should be good for 50k without much more expenditure.
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Mar 16, 2017 19:35:49 GMT
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My Panda Selecta (see avatar) was bought for £350 back in 2002 as a cheap runabout. Its now tucked away in a garage with spares that have cost at least a couple of thousand pounds Like has been said - its a hobby, not an investment!
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1993 Fiat Panda Selecta 2003 Vauxhall Combo 1.7DI van 2006 Mercedes Kompressor Evolution-S AMG SportCoupé
"You think you hate it now, wait til you drive it"
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100% Too Far In ThreadMercdan68
@forddan68
Club Retro Rides Member 68
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Mar 16, 2017 19:37:04 GMT
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I'm 49 this year, first car at 15 Spent thousands and thousands on old cars made some money ,,lost a lot more but hell have I enjoyed it it's a great hobby I'd rather put my hard earned into my cars instead of buying latest curse word BMW or mitsushitsi thing It's a hobby enjoy it, don't worry about making money But always keep a list of older cars you just have to buy !! My list is massive and I'll be ticking them off until the day I die!!
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Fraud owners club member 1999 Jaguar s type 1993 ford escort
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Mar 16, 2017 19:39:32 GMT
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You also have to factor in that modern cars depreciate. Normally it seems by about £1k per year . So running an older car that's finished depreciating, or even going up in value can save you money, even if you have to spend a bit of cash keeping it going. Plus of course modern cars also break down and need work, normally expensively if they're out of warranty...
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If at first you don't succeed........ ....Don't try skydiving!
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Rob M
Posted a lot
Posts: 1,915
Club RR Member Number: 41
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100% Too Far In ThreadRob M
@zeb
Club Retro Rides Member 41
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Mar 16, 2017 20:02:58 GMT
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Ive never made money on cars, threw s**t loads of money at them but never got curse word all back. By God Ive had some fun tho!!
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Mar 16, 2017 20:09:34 GMT
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£500 daily , should have been £900 but got ebay bargain. Sounds like my fuel bill, £500 daily
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Mar 16, 2017 20:16:20 GMT
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Seems to be quite a few with a £350 car and i can add my nearly retro to that. We nearly spent that on picking it up as well and since, £385 spares car that ive used for 11 month, initial improvement parts and side window weatherstrips another £250+ and service items and 2 MOTs, £400, so i think I'm there! Certain to spend plenty more in improvements year 2!
Thankfully ive changed hobbies but increased another obsession!
Thing is, i seem to have been bitten by a bug as we went and bought a Focus the other day that isnt quite there quality wise, but is a damn good base, and may feature on here in the future.
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Mar 16, 2017 20:23:14 GMT
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economics or budgeting doesnt come into my purchase strategy at all. i just buy the car if i can afford it, restore it if i can afford it, it costs whatever it costs.
for the love of cars, not profit !
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Mar 16, 2017 20:24:28 GMT
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Bought my 924 turbo for 4000 Then spent 15000 on it and sold it for 1600 Not my best purchase ever
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sb
Part of things
Posts: 725
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Mar 16, 2017 20:26:38 GMT
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I think I'm going to end up spending almost 10x what my rx7 cost me to buy in the end. Not a happy thought when you look at it like that but all seems worth it in the moment.
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fad
Posted a lot
Posts: 1,781
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Mar 16, 2017 20:35:57 GMT
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Skoda Octavia VRS 2003 £1700 purchase price almost 5 years ago £300 in parts I have had to change (1 wishbone, two sets front pads, one set front discs, 1 rear caliper, 1 coil pack and one back box) £180 in lost keys for the effing thing £300 on upgrades and accessories (tow bar mostly, stereo, headrest DVD players for the kids) 4 MOTs sailed through
Not put tyres and services in there because they apply to all cars (as does tax, insurance etc).
That's pretty cheap motoring... If it blew up tomorrow, it would have cost me £460 a year plus insurance, servicing, MOT costs and tyres. Happy with that for a 180bhp turbo tow car, 40mpg average with a huge boot and not giving a toss if it gets scraped or dinged in the car parks by suburban housewife 4x4 tanks that has never, ever let me down once. Hands down the best daily I have ever owned. Not the most interesting, not the most fun, not the prettiest, not the biggest nor the most economic (jsut about the comfiest though). But all factors considered, definitely the best.
Shame it's worth about 50p now.
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Last Edit: Mar 16, 2017 20:37:53 GMT by fad
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ChasR
RR Helper
motivation
Posts: 10,192
Club RR Member Number: 170
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100% Too Far In ThreadChasR
@chasr
Club Retro Rides Member 170
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Mar 16, 2017 21:16:52 GMT
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While I agree with that fad I don't think it's that easy. Some cars don't require certain bits. For example my Clio required a cambelt change that came in at £600 (the dephaser pulley was shot and you are playing Russian Roulette by not changing the aux belt while doing the cambelt ; the parts alone for the job are £300 including the dephaser (mine was rattling). Even if the dephaser wasn't rattling it still would have been £380 changed by someone who knew what they were doing ; I'd have done it myself but I wasn't going to spend £200 on tools for a job to do every 5 years. Likewise my M3 require the valve clearances checking every 30,000 miles or 4 years. For the specialists that do check it that's around £300+ (it's not a nice job, I've done it myself) with again the parts coming it at close to £100. On say a Duratec HE or Ford Crossflow they wouldn't have the above costs. But with your logic the Clio of mine wasn't too bad a buy I bought it for £1500 Spent: £115 on accessories (wheels and sold my old ones off) £195 on repairs (Discs/pads with other brake parts, Some switches, ARB Bushes, Washer Pump and Exhaust hangers I sold it for £1800 around a year later. If you put some costs back in: Servicing came to £800 ; Cambelt as mentioned but I also gave it a full service upon buying it, changed the gearbox and the coolant for the correct stuff. Insurance was round £350 Tax was around £300 for the year The figures don't look too good! If you don't want too good don't buy an M3. From May last year... Repair £723 without the front end respray (exhaust mounts, Fan coupling (wrong one fitted), HID bulbs along with an ignitor and ballast pack, 2 x coils (I have one as a spare in the boot), alternator, aux pulleys, belts, bonnet switch) Tyres £370 for 2! That did hurt! Tax £462 until November Servicing 251.42 (An Inspection I ; general checkover and adjustment with an oil change ; valve clearacnes checked and shimmed with new rocker cover gaskets ;I'd have been crazy to have left these given the work to get to the top!) Insurance £360 somehow! If I gave all of the above to the garage you can add another £1k to those figures. That is pricey! I must have been lost in the head buying that. Saying that, the Stag made both look cheap to run and the engine was fine!
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Last Edit: Mar 16, 2017 21:20:38 GMT by ChasR
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