Difference in running costs?

SGWills · 8 Jul 2010 at 13:29

ok so two years ago i bought my fiesta LX, 2004 plate , really low mileage and more to the point it was cheap

so i went down my dads garage this weekend and he has a 57 plate Renault megane 1.4 extreme, its only done 20k and only needs a new bumper on the front, i got someone ready to buy my current car so aslong as they are true to their word it should only cost me £900 to get the megane, however what sort of difference should i be looking at for my outgoing cost with the megane?

Participant · 8 Jul 2010 at 13:32

'Extreme' - lol.

Anyway this is a difficult question to answer, since you haven't said what engine your Ford had. However I'd imagine the cost of replacing the car and getting the bumper done, will dwarf any change in running costs.

Has the Megane had a major service yet? As if not, it'll be due one soon.

[TW]Fox · 8 Jul 2010 at 13:42

Is this 900 quid on top of what yours is worth? The Megane is garbage, don't bother.

SGWills · 8 Jul 2010 at 13:59

it would be fully repairs, servied MOT + Taxed before i paid out for it, yes fox £900 on top of what i get for the fiesta. fiesta done about 55K and for £900 for lower mileage and newer car sounded pretty good to me ?

edi*** its the 1.25 zetec LX

Relentless81 · 8 Jul 2010 at 14:03

I beg of you not to get the Megane, as I type this I am on my knees

Mr^B · 8 Jul 2010 at 14:07

I currently own a megane, and just bought a new megane, please do NOT buy that (particular spec) megane.

SGWills · 8 Jul 2010 at 14:07

Mr^B said:
I currently own a megane, and just bought a new megane, please do NOT buy that (particular spec) megane.

any reason in particular?

Mr^B · 8 Jul 2010 at 14:27

SGWills said:
any reason in particular?

A Focus at the same price point will be better in every way.

The 1.4 engine is an utterly woeful gutless lump, the specs on the "Extreme" are weak, the cabin quality is awful, as is the ride quality - managing to be crashy and wallowy at the same time.

The megane's only saving grace are the RenaultSport versions, where you are getting great engines and an excellent chassis.

SGWills · 8 Jul 2010 at 14:52

hmmmm but i wouldnt be able to get the same sort of focus for the same price though, the car will cost about £3000 to buy (with all the work done etc) and a quick scout for a focus with similar mileage etc doesnt bring back many results

InvaderGIR · 8 Jul 2010 at 14:54

Keep your current car? :/

SGWills · 8 Jul 2010 at 14:55

InvaderGIR said:
Keep your current car? :/

just fancied a change, same as most people do with most stuff they own, cars, pc , girlfriends

and i thought for the price it wouldnt be a bad time to change

Mr^B · 8 Jul 2010 at 14:55

If it's that cheap then buy it, sell it for profit (probably £1.5-2k profit I'd imagine), then buy a Focus.

InvaderGIR · 8 Jul 2010 at 14:58

SGWills said:
just fancied a change, same as most people do with most stuff they own, cars, pc , girlfriends and i thought for the price it wouldnt be a bad time to change

For the price it's a bad time to change.

If it were a good car that was costing you £900 then I'd agree with you, but it isn't.

Mr^B said:
If it's that cheap then buy it, sell it for profit (probably £1.5-2k profit I'd imagine), then buy a Focus.

£900 on top of the price of his Fiesta.

Peerzy · 8 Jul 2010 at 14:59

TBH if this is true I'd go for it.

It falls into the catagory where by you can get a very good deal because of who you know (ie; your dad).

£900 to change from a 2004 Fiesta (which is by far a better car) to a 2007 Megane (which is a far worse car) is still worth it in my books.

You seem like the kind of person who would use the car to get from A to B, would be happier having a newer less mileage car and doesn't really care what the 'better car' is.

Do it.

Mr^B · 8 Jul 2010 at 15:01

InvaderGIR said:
£900 on top of the price of his Fiesta.

Point being, he'd spend £900 and be able to have a £5k Focus, rather than a £5k Migraine.

InvaderGIR · 8 Jul 2010 at 15:03

Mr^B said:
Point being, he'd spend £900 and be able to have a £5k Focus, rather than a £5k Migraine.

How does that work? He gains x amount for the Fiesta, and is then spending xamount + £900 on the Megane, this does not mean the Megane is able to be sold for xamount + 2000 or whatever and he can get a Focus.

If he wants a Focus, he should just sell the Fiesta and buy a Focus, yes it'll cost more, but your money from nothing scheme will not work.

Mr^B · 8 Jul 2010 at 15:10

It's really not complicated

He said he was getting the 57 plate Megane for £3k, when the actual price (based one age+mileage) is closer to £4.5-5k. That's £1.5-2k profit.

Spend £3k on a Megane and get a £5k Focus instead.

Simples.

Janesy B · 8 Jul 2010 at 15:12

Mr^B said:
Simples.

But I bet it isn't that simple though.

InvaderGIR · 8 Jul 2010 at 15:16

Janesy B said:
But I bet it isn't that simple though.

Indeed, selling the Megane will not be that simple and it is very likely it won't gain him as much as you seem to think. OP is better off saving money, running the Fiesta a bit longer and buying a decent car when he has the money.

The Megane might be newer and have lower miles but isn't a better car.

Mr^B · 8 Jul 2010 at 15:17

Janesy B said:
But I bet it isn't that simple though.

Probably not.

I'm just going on what was said:

the car will cost about £3000 to buy (with all the work done etc) and a quick scout for a focus with similar mileage etc doesnt bring back many results

If the car IS actually worth £3k, ie. there's more damage than just a bumper to replace - then that's another issue.

If he's getting the car for £3k because it's from his dad and it's really worth £5k then he'd probably be impressed with your business acumen if you were to snap it up, and sell it for a profit (because presumably that's what he does for a living).