Hi guys, so that time is growing ever nearer, when I will have to look into buying my first car.
The dilemma I am facing is a battle between my heart and my brain.
My insurance quote is the same for either of these scenarios:
2006 Ford Fiesta 1.2
£1500 value
Fully comprehensive
Advantages: Damage to my own car covered by insurance, good crash safety rating, good fuel economy
Disadvantages: Costs twice as much to purchase, less 'interesting', would cringe with every little knock and scrape, more complicated engine - more things to go wrong.
1986 BMW 316 1.8 w' tasteful third party alloys.
£750 value
Third party fire & theft
Advantages: Costs less to buy, wont be so fussed about minor knocks and scrapes, more interesting, would be happy to keep it for longer, simpler engine, less things to go wrong
Disadvantages: Damage to own car not covered, has a potential to be less reliable (however being an old BMW it could work the other way), not so good crash safety rating, lower fuel economy, will probably be a bit rusty
My Dad is an engineer, and he has a close friend who is a car mechanic, so third party fire & theft on an older car shouldn't be too much of an issue in that respect. (obtaining parts cheaply to patch it up)
I am a bit of a car fanatic, and I really like 80's E30's and E28's. So to own an E30 right from the off (even if it is a bottom end one) would be fantastically fulfilling.
I understand the fact that it will most probably be slower than the 1.2 Fiesta, and it has the potential to be a problem, but it really doesn't bother me so long as it lasts me 2 years or so. Any longer is a bonus. With a total outlay of £750 or so, if it decides to screw up beyond repair i'll get a couple of hundred quid for it even if it gets sold for scrap, and a £500 loss bearing in mind the fact that insurance will cost me £3K doesn't bother me a great deal. (bearing in mind that this is the worst case scenario)
*edit* it looks like the BMW 316 idea has been abandoned due to insurance cost After re-calculating it seems that the 316 would cost £1000 more to insure than I initially thought. I am now only interested in having an older car with no electronic assists as a first car, to build up my understanding of how a car handles with no computer aids so that I can get something more interesting once I have 1 or 2 years no claims bonus.
A MK.2 Golf seems to fit the bill reasonably well, however a RWD would be better.
The dilemma I am facing is a battle between my heart and my brain.
My insurance quote is the same for either of these scenarios:
2006 Ford Fiesta 1.2
£1500 value
Fully comprehensive
Advantages: Damage to my own car covered by insurance, good crash safety rating, good fuel economy
Disadvantages: Costs twice as much to purchase, less 'interesting', would cringe with every little knock and scrape, more complicated engine - more things to go wrong.
1986 BMW 316 1.8 w' tasteful third party alloys.
£750 value
Third party fire & theft
Advantages: Costs less to buy, wont be so fussed about minor knocks and scrapes, more interesting, would be happy to keep it for longer, simpler engine, less things to go wrong
Disadvantages: Damage to own car not covered, has a potential to be less reliable (however being an old BMW it could work the other way), not so good crash safety rating, lower fuel economy, will probably be a bit rusty
My Dad is an engineer, and he has a close friend who is a car mechanic, so third party fire & theft on an older car shouldn't be too much of an issue in that respect. (obtaining parts cheaply to patch it up)
I am a bit of a car fanatic, and I really like 80's E30's and E28's. So to own an E30 right from the off (even if it is a bottom end one) would be fantastically fulfilling.
I understand the fact that it will most probably be slower than the 1.2 Fiesta, and it has the potential to be a problem, but it really doesn't bother me so long as it lasts me 2 years or so. Any longer is a bonus. With a total outlay of £750 or so, if it decides to screw up beyond repair i'll get a couple of hundred quid for it even if it gets sold for scrap, and a £500 loss bearing in mind the fact that insurance will cost me £3K doesn't bother me a great deal. (bearing in mind that this is the worst case scenario)
*edit* it looks like the BMW 316 idea has been abandoned due to insurance cost After re-calculating it seems that the 316 would cost £1000 more to insure than I initially thought. I am now only interested in having an older car with no electronic assists as a first car, to build up my understanding of how a car handles with no computer aids so that I can get something more interesting once I have 1 or 2 years no claims bonus.
A MK.2 Golf seems to fit the bill reasonably well, however a RWD would be better.
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