So today I bought a new car...
- Thread starter Casdawer
- Start date
Depends on what mileage you're doing too... if you're doing 30-40k+/year, then obviously you're going to see a much greater benefit than if you're doing 10k
Even so, going from something worth maybe a grand to something with an initial outlay of more like £20-25k and depreciating a minimum of £2-3k before taking into account more expensive servicing etc is still going to take a while to break even.
As before, i'm not suggesting it isn't possible - if anything I'm interested in the period taken for it to happen and the circumstances involved. No interest to pay on a loan sum would certainly help for starters
As before, i'm not suggesting it isn't possible - if anything I'm interested in the period taken for it to happen and the circumstances involved. No interest to pay on a loan sum would certainly help for starters
Over a three year lease period. I do about 15k a year and the saving in fuel is £150-180 a month, the road tax £20 per month, I would say about £500 is average for maintenance (some years were £100, others were £900, e.g. cambelt year!). All in all if I've not broken even it's pretty close but obviously I have a much newer car to boot.
I think there are probably better cars than an Aygo to swap to, but it's not as a ridiculous proposition to purchase a newer, more efficient car as most of OcUK thinks. You should obviously run the numbers because it's going to be different for everyone - it's not going to make sense *ever* if you do 5000 miles per year.
tbh I doubt at 15k per year you're anything like breaking even over 3 years??
If you owned the alfa then your fuel savings (which look very, very optimistic unless your alfa was a GTA) alone would have to cover the cost of the lease on the Lexus including any down payment, then you'd need to factor in the difference between servicing and maintenance over the two (Lexus would be in the region of what, £2-300 per year servicing?).
Also factor in the fact that the older car doesn't depreciate very much so effectively gives you a positive in that calculation.
Not saying it is't worth it to you, just that it doesn't sound like it's close to cost neutral to me!
If you owned the alfa then your fuel savings (which look very, very optimistic unless your alfa was a GTA) alone would have to cover the cost of the lease on the Lexus including any down payment, then you'd need to factor in the difference between servicing and maintenance over the two (Lexus would be in the region of what, £2-300 per year servicing?).
Also factor in the fact that the older car doesn't depreciate very much so effectively gives you a positive in that calculation.
Not saying it is't worth it to you, just that it doesn't sound like it's close to cost neutral to me!
Over a three year lease period. I do about 15k a year and the saving in fuel is £150-180 a month, the road tax £20 per month, I would say about £500 is average for maintenance (some years were £100, others were £900, e.g. cambelt year!). All in all if I've not broken even it's pretty close but obviously I have a much newer car to boot.
I think there are probably better cars than an Aygo to swap to, but it's not as a ridiculous proposition to purchase a newer, more efficient car as most of OcUK thinks. You should obviously run the numbers because it's going to be different for everyone - it's not going to make sense *ever* if you do 5000 miles per year.
your fuel saving is wrong.
B@
Prefer it to getting punched in the face repeatedly? Maybe i guess.
By my calculations he would be hitting about 22mpg in the Alfa and 45mpg in the Lexus which isn't too unbelievable..?
The monthly payments/depreciation on the Lexus being significantly more than e.g. £250/month (rough very optimistic guess at running cost differences) would however make it most certainly not a good financial deal
The monthly payments/depreciation on the Lexus being significantly more than e.g. £250/month (rough very optimistic guess at running cost differences) would however make it most certainly not a good financial deal
92,000.
![[FnG]magnolia](/styles/overclockers/avatars/9.png){kind=avatar}
Caporegime
- Joined
- 29 Aug 2007
- Posts
- 28,860
- Location
- Auckland
I hope this 'being sensible' thing doesn't become a new trend. I had a very amusing GIF all lined up and the OP ruined it 
Soldato
- Joined
- 22 Apr 2011
- Posts
- 3,888
- Location
- Nottingham
Ergh!
