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Hi all, I'm really in need if some advice as to what to do.. a bit of background..
Ive had 5 306 cabriolets over the last 6 years. The current one has centimental value attached for various reasons.
The car has 83k on the clock and ive almost finished doing a light resto on it. Financially it stands us at around 6k in total.
The work includes...
New clutch
New clutch guide tube
New clutch fork and bushes
New oil seals
New gear linkage rods stainless steel
New drive shafts and cv joints
New gearbox mounts ad engine mounts
New coil pack
New idle control valve
New throttle position sensor
New thermostat
New thermostat housing
New aluminium radiator
New spoox motorsport silicone bottom hose
Reconditioned steering pump
Reconditioned steering ram
Reconditioned steering rack
Copper brake lines throughout
New flexi hoses all round
New front calipers
Rebuilt rear calipers
Reconditioned rear beam
New rear beam mounts
New shock absorbers and springs at front
New shock absorbers at the rear
new rear hubs with wheel bearings
New rear discs and pads
New track rod ends
New lower arms
New lower ball joints
New front suspension top mounts and bearings
The underside i have stripped to bare steel, phosphoric acid/water mix to kill any rust, bicarbonate of soda and water mix to neutralise, thoroughly dried etc its had all the panel sesms re- seam sealed and had 3 coats of jotamstic 87 applied.
A further 3 coats of jotun hardtop flexi in gloss black applied.
All the brackets and small items have been cleaned up and painted with aluminium silver example heat sheilds.fuel tank has been cleaned and re-dyed with forever black...list goes on.
Its a 2001 306 cabriolet se in moonstone blue with dark red leather the colour combo i always wanted.
Last winter my other car was written off and following this my wifes grandparents stepped in to help and bought us a 2005 mini one.
We have now owned it for a year and it hasnt put a foot wrong its coming upto 80k miles having done 13k in a year myself.
My wife passed her test last month and is looking to get insured but.. insuring both cars at the same time is proving to be too expensive for us with a little one and needing to save for a deposit for a house...
Her grandparents wont allow us to sell or give back the mini (understandable)..
The only option i can see is having one car and having my wife insured on my policy which is by far the cheapest option.
But.. question is which car do we keep?..
The mini which is 12 years old but is reliable..
Or the 306 that means more to us and is as close as we are likely to get to owning a new car with the amount of work ive put into it.
Or.. sell the cab bank the cash towards the deposit and keep the mini?..
Really doing my own head in with but dunno what to do..
Sorry for the essay lol
Thanks in advance
Rob
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Don't want to be rude but the 306 has very little value. It might have lots of sentimental value to you. Would you buy a 306 for 6K? This one www.gumtree.com/p/peugeot/peugeot-306-cabriolet-1.8s-10-400-miles-1-owner/1254675560can be had for 3.5k if you offer him 3K you might have it. What about not selling a thing but park the 306 up. Maybe there is a dry/warm caravan storage available. Leave it there for some time. Even if it takes 3 years. Put it on blocks and ask if you can come in so now and than to pamper it a little bit. This way you still have the 306 but doesn't cost much and you can move forward doing what ever you have to do. Cheers |
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I'm struggling to see where you've sunk that kind of money if I'm being honest.
They're cheap cars and the above is an absolute minter, even at 3k I still think he's pushing it.
FWIW I think they're fantastic looking little cars and a bargain for someone looking for an alternative soft top.
Well if the Mini can't be sold then the obvious option would be to get some money back from the Pug to fund your baby, I'm sure her Granny would want her to have the Mini as her first car...
I'd personally keep my £6k pug and give her the mini back unless you're willing to take a loss in all seriousness mate.
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Last Edit: Dec 23, 2017 7:17:02 GMT by DaveEdge
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79cord
Posted a lot
Posts: 2,608
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I'd be another inclined to store the Pug if possible, having noticed how ridiculously worthless some tempting, bodily sound examples seem to get.
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Last Edit: Dec 23, 2017 9:18:43 GMT by 79cord
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Dec 23, 2017 12:31:05 GMT
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If you don't want to keep the mini sell it, it was nice of the grandparents to step in and help when you needed it but that doesn't mean they can force you to keep a car if it isn't working for you or not what you want, sell it offer to give them the money you get for it and keep the 306 if your attached to it.
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Dec 23, 2017 12:31:27 GMT
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If it has sentimental value I wouldn't sell the Peugeot, especially as you're going to be at a huge loss from selling it. 12 years ago I was in a similar position. A pregnant Mrs Pistonpopper thought that I needed to sell my '79 Mitsubishi Celeste, and purchase something a little more family friendly, ie newer and with seatbelts in the back. I hid the Celeste in a garage, where it still hides to this day. I periodically check on it, and run it and drive it around the garage block. Mrs Pistonpopper still doesn't know I've still got it. I bought a newer car for family duties... everyone's happy. Store the Peugeot, you'll always regret selling it once it's gone!
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Dec 23, 2017 12:56:05 GMT
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I’ve lost 2 girlfriends who tried to get me to sell cars they didn’t like or stop me buying something I wanted. The current one has caught my modding bug and her first Golf now has more power, wheels and a full stereo upgrade.
The grandparents were good to help you out but you’re under no obligation to keep the mini. However the Peugeot could prove impossible for novice insurance.
I’d say stick it in a garage for a couple of years warm and start it periodically and bring it out when the time is right, very much like my E36 Cabriolet.
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Dec 23, 2017 15:26:17 GMT
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I've has my 1600E for thirty years, stored in a garage, dry and warm. it doesn't go, but I'll NEVER sell it, its generally referred to as my retrement project, since I'll have to be retired to have the time to do anything to it.
Long story short, go with the car you want, not the one that makes 'sense'. How much could you get another improper mini for anyway?
Otherwise as has already been said, store the pug until funds allow
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Dec 23, 2017 17:28:07 GMT
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Been in the same situation myself, having to give up a car that I’ve had for years, rebuilt everything on it etc. At the time I was really cut up about it. But it went to a good home and to be honest it was a relief when it went not having the problem any more. Don’t even think about it now. It had lots of memories attached to it, holidays, brought my son home from hospital etc but it’s just a car at the end of the day. I can always buy another one. Or something better in the future.
Maybe not a popular opinion on a car forum but I speak from experience.
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Rob M
Posted a lot
Posts: 1,915
Club RR Member Number: 41
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Advice needed on situation.. Rob M
@zeb
Club Retro Rides Member 41
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Dec 23, 2017 18:27:58 GMT
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The issue is not about what car to keep but why her grandparents flatly refuse to allow the car to be either handed back or sold.
Under the current circumstances, because of the above, your only real option is to sell the 306 and keep the Mini.
That is not what you really want to do, is it.
Tell her grandparents,politely but firmly, that what they did for you, to get you out of trouble, was a wonderful gesture, the car has done its bit and now the time has come where it simply will not be required. Offer them the opportunity of taking the car or, if they refuse, sell it and ensure they get the money from it.
You may fall out over it, unfortunately, as it is, they are dictating your future transport needs.
You are grown adults, that is something you have to decide on, not them.
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glmogo
Part of things
Posts: 198
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Dec 24, 2017 12:58:00 GMT
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If you love the 306 so much, which to sink 6k into it you must do then keep it. I’m not mocking, I have a maestro which stands me at similar money!!!
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cactus
Part of things
Posts: 372 
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Dec 24, 2017 13:04:22 GMT
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Go to the Grandparents and tell them how you feel.
If I were them I'd offer to pay for the Tax and Insurance on the Mini for theirGGranddaughter.
That's what I did in a very similar situation.
I also told her Husband, in no uncertain words, that now he has the responsibility of a wife and child.
He must put them first and not waste money he hasn't got on his hobby/car.
I was brought up knowing the first thing to do when you get your wages was to pay the rent.
Also if you intend to buy a house then a family and toys must wait.
All too late for you now.
If you can't significantly increase your income then a mortgage will never me achievable sadly....
I guess that's not what you want to hear!
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Dec 24, 2017 13:41:14 GMT
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I'm sorry to say but the grandparents are in the wrong here.
A gift or a help is not something you can hold over anyone later. Doing so is emotional blackmail at best.
Plus everything zeb wrote.
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Dec 24, 2017 14:24:31 GMT
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1) You've spent a lot of money on the 306 plus it has senimental value
2) The mini was a gift from grandma and grandpa so can't do anything with it
3) you can only afford to insure one car
4) I'm guessing you can get by as a one car family
So you only have two options looking at the above
Either way you will both need to be insured on the mini and that will be your only car
So that only leaves the 306
If you can't insure it and therefore use it then you have two options
1) sell it
2) store it
Firstly don't spend anymore money on it
My guess is if you sell it you will regret it at some point
I've done this myself and I have friends who have done the same and its either cost them more years later or it plays on your mind forever
So store it safely and preserve it for a time when you can continue with it or you decide it's time to sell it on and who knows by then it mite be worth millions
I have lots of cars and one of them is my old jag I've had it for ever it was our wedding car and I love it but it's been in a lock up for 4 years as it was getting tatty I have no intention of ever getting rid of it and it will be my very last project "my retirement project" I'm in no rush
Or look harder for cheaper insurance for both cars
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1992 240 Volvo T8
1955 Cadillac
1994 BMW E34 M5 (now sold )
1999 BMW E36 sport touring x2
1967 Hillman imp Californian "rally spec"
1971 VW bay window (work in progress)
1999 Mazda 323F
1987 Jaguar XJ12
All current
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Dec 24, 2017 14:33:05 GMT
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this reads like an elaborate for sale ad
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kev13s
Part of things
Posts: 96
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Dec 24, 2017 18:56:36 GMT
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Been in the same situation myself, having to give up a car that I’ve had for years, rebuilt everything on it etc. At the time I was really cut up about it. But it went to a good home and to be honest it was a relief when it went not having the problem any more. Don’t even think about it now. It had lots of memories attached to it, holidays, brought my son home from hospital etc but it’s just a car at the end of the day. I can always buy another one. Or something better in the future. Maybe not a popular opinion on a car forum but I speak from experience. But it's more than just a car, I lost my series 1 Land Rover because I needed the money for "more important things" and I never got over it, still kick myself 15 years later. That's why when we replaced the Renault avantime as a daily driver last year and the wife was bugging me to sell it on it was moved to a friends garage and hidden. |
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Dec 25, 2017 11:12:23 GMT
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Thanks for the replies guys,
Ive gone over a few times what has been said but id like to clear up a couple of points, the resto began before we had the mini its also my 6th 306 cab and have every tool possible to do any job and knpw them inside out..
The other thing is, my wife only started taking lessons in september and passed in november by which point the cab was coming to its few final stages before work stopped at the beginning of december ( busy with work etc).
Storing isnt really an option as it appears to cost just as much as the inaurance for the wife each month.
Even after covering all bills etc and buying parts for the cab we have been left with around £500 spare each month but... not having a crystal ball not knowing my wife would decide to start taking lessons etc i couldnt do a great deal about the cost of insurance..
Stupid fact is though if we kept one car and the wife was added to my inaurance, its far cheaper for us both on the 306 than the mini!? Even though its a 2.0 modified with twice the brake horse power ad bigger boot than the mini.
For a conclusion heres what ive thought, insure the cab on temp insurance and get it through the mot. When the renewal comes up, insure the cab with my wife on the policy as an additional driver and enjoy for a bit, sorn the mini for a bit and see how we both feel then after all the wife will be using the cab too for work etc. And should the need arise, swap the insurance back on to the mini and sorn the cab etc.
The wife is adament about not letting the cab go.. whats really niggling at me is the mini has never had the clutch done, its coming upto 80k miles very soon, i fitted the 306 with a new clutch etc myself only 1k miles before the resto work began, seeing how the engine has to be removed to do the clutch on the mini i don't fancy tackling that amount of work on a car so new and garages seem to qpute around 600 quid as its very labour intensive. If i sokd the cab and a year later the clutch on the mini went i know id be fumming to say the least..
With having £500 quid spare a month that quickly becomes 400 and with two mots and both cars needing mot'ing and no doubt the odd job as cars usually do. It doesnt leave a lot to save or have a family treat i a meal out for example.
All swings and roundabouts i guess.. one thing i cant do is fault the mini for the size of the car I'm sure 13k miles in 12 month used a family car its done everything its supposed and without issue (makes the decission harder!!) Wish i hated the thing but..
I agree it is just a car when all is said and done i do underatand that, the wife and little one don't go without either lol its me intrade clothes or shoes, whatever for car parts
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Last Edit: Dec 25, 2017 11:17:45 GMT by boybiffa
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tristanh
Part of things
Routinely bewildered
Posts: 990
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Dec 25, 2017 14:19:25 GMT
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Why are you assuming that the MINI clutch needs replacing?
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Whether you believe you can, or you cannot, you're probably right.
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forde
Part of things
Posts: 377
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Dec 25, 2017 15:28:27 GMT
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Daily the mini and don't sell the 306, but just store it til you can insure it again. You will only ruin it dailying it. I mean, you could but you'd have to keep really on top of maintaining it so it's condition doesn't deteriorate.
The 306 is worth curse word all squared except to you and it sounds like you've put serious work into it. A lot of my projects are the same and I would never part with something I'd done that much work to, especially not for curse word money. You'll only regret it later.
Don't see how, especially if you're old enough to be married and adulting, the car insurance can be so wildly expensive that it would make you sell such a sentimentally valued car? Look into multi car insurance and stick it on monthly payments maybe?
Try all different combos of options as far as you can, I. E. You as main driver on both, one of you one each, etc etc. As a youngish guy I've been able to insure two cars for 5-600 a year for the past four years with myself as the only driver on both which is probably more expensive than one being my wife's, but she can't drive.
I've seven vehicles I won't sell. They'll likely never all be road legal at once. The most that ever has been is five, currently three. I just tinker at the ones that are off the road when others are on it lol.
Since I don't owe money on the vehicles and the ones that are off the road are sorned etc they're eating no grass as the saying goes around here. They can sit there as long as they need to.
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'15 Royal Enfield Continental GT
'95 CZ 125 Type 488
'91 Vespa PX125E
'77 Camino, '86 Camino
'82 Puch Maxi S '70 Puch Maxi N
'80 Maxi S "Sport"
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It's a shame someone crashed into the mini and it was written off isnt it....
Well provided you have the full V5 in your name anyway lol.
Not much point selling the 306, as nice as they are, they aren't worth anything yet.
See if you can swap the Mini for something else and just tell them it's been written off, they aren't helping you if they are going to put conditions against a gift.
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