This is less money than a good night out in London.
Yeah but hese days, going to work by Space Shuttle is less money than a good night out in London!!
It's insane you can get a running car for the price of a service or a couple of tyres. I'm so tempted to buy one and see how long it lasts
That's the thing, though - How long it remains a running car, even with proper maintenance. MoTs only cover so much... as I keep reminding far too many family members.
I really don't see why they're so cheap unless there is something either broken with it as is, or the owner knows is going to break very soon.
A lot depends on the car and its history.
We just bought one for £2k that would have cost at least £3.5k, possibly £4.5k at most dealers. We just lucked out on finding some guys who are more enthusiasts than dealers, so we got a good deal on a great car in great condition, with a very enjoyable and accommodating sales experience to boot!
Sold a 2006 tdci with 150000 on it for £2000 last year. I know that's above market value, but still...
Again, depends on the car.
The one I'm looking at is worth absolutely naff-all past 130,000 miles... but at 200,000 miles the value starts to climb steeply, as all the common-failure parts will almost certainly have failed and been replaced by then, so it tends to run bang on again.