Looking at Scrappage scheme

dave1983 said:
Lol my car is an R-1996 model, 117k on the clock the Good Old SRI Model, however im sick of paying out £108 each time for tax, Parts which aren't cheap, i need something more reliable, dont get me wrong it's a pretty quick car. but id rather save my cash in the long run and not have to worry about thing that are going to go wrong with it.
Click to expand...

Unfortunately any car you buy is going to mean you pay tax. Even if you do get a lower tax bracket car, its only going to save you a small ammount. Spending £8000 to save £50 a year is pointless. Stop thinking about the immediate cost, and look at the bigger picture. Your new car is still going to be roughly the same

Take the Pegueot 307 1.6 Sport Petrol - Band H which is £96 every 6 months. Even the lowest 1.4 Petrol is Band G which is £82 every 6 months. Thats £52 over a year, or £26 every 6 months. What difference does £26 make over 6 months ? it doesnt even buy you a tank of petrol or a tyre. Its nothing in the grand scheme of thing.

yes the car is 14 years old and now in need of TLC and money and parts to keep going, but the solution is not to go mad and buy something new. Get something newer by all means, but buy something you can reasonable afford with good hard cash.

Take this as an example

http://www.pistonheads.com/sales/1406170.htm

Only 5 years old, over half the mileage of your current car. Will be much, much less troublesome than your current car. Not implicating you buy this exact one, merely using it as an example.

Whats more its only £4500. Minus the £500 or so you'll get in part exchange for your current one. Its half the price, and avoids the need for debt to solve your car needing constant work.

Dont believe the TV advertising that everybody with an old car has to buy a brand new car as its the only solution to your problem

ITS NOT!!
 
Cheers guys for the advise, i do understand that as soon as the car leaves the forecourt the price of the car goes down.

dont get me wrong i love my car, i just feel that maybe im wasting my money. the question is what happens if the left Hub Bearing fail due to ware and tear thats another £750 quid when really that money could go to car thats abit more reliable. Primera's are nown for the hub bearings to fail.

i want to keep my car but at the same time i dont wanna be wasting money down the drain on something that wont make that value, for example if i had an accident the car is only worth £500 the repairs that you done a month or 2 months ago for say £750 wont be claimed unless the damage was a result of the accident. when you start spending over the market value of your vehicle thats when your wasting money.
 
I chopped in a primera on this scheme. I didn't do it to save money though as I was looking at buying the car I got anyway 2nd hand for about the same price I paid for it new.

As a money saving Idea it's pointless!!

I didn't and haven't saved any money what so ever doing the scheme. All I got was a new car instead of a 6 month old car. Which tbh was a little pointless lol,
Unless you are really looking to buy a 307 anyway I wouldn't bother. Go get a loan for a few k and buy something else.

Edit:

Also remember you are going to have to pay a dealer to service this nice new car for you, If you want it to be worth anything come sale time. £150+ a year, Bet you didn't pay that for the primera ;)
 
Last edited:
dave1983 said:
Lol my car is an R-1996 model, 117k on the clock the Good Old SRI Model, however im sick of paying out £108 each time for tax, Parts which aren't cheap, i need something more reliable, dont get me wrong it's a pretty quick car. but id rather save my cash in the long run and not have to worry about thing that are going to go wrong with it.
Click to expand...

you could just throw it out and get a primera for 500 pounds.

this one on ph is a gt model so it is better specced and quicker than yours too. 12 months tax n mot. 600 pounds.

http://www.pistonheads.com/sales/1527292.htm

i also can not understand why people will never spend money on a car if it is costs more than it is worth. if you really like your car and plan on keeping it for a long time then it's no issue. 90 percent of car valuations is based on scene tax anyway.
 
Last edited:
Surely the 307 isn't still available as a new car these days? Is this some kind of one off deal because a dealer has an old, but unregistered 307 they want shot of?
 
I spent £300 fixing a car that's worth £700, I must be mad. What I really should have done was spent £14,000 on a new car instead! :D
 
dave1983 said:
when you start spending over the market value of your vehicle thats when your wasting money.
Click to expand...

Not at all. You could pay the £750 for each and you're only down £1.5k.
With a new car, you'd lose far more than that in depreciation each year, even putting aside the costs of any finance or the hassle of having all your money tied up in the car.

Also, a chap at work took the mick relentlessly about my old Alfa. He bought a 6-month old 308 around 6 months ago, and he's already paid more for repairs and such than my whole car cost (which happens to be what I've spent on it over a year and a bit on various bits and pieces - mostly cambelt, brakes and other maintenance bits though), so its not necessarily new=reliable, old=costly repairs.
 
act smiley said:
Not at all. You could pay the £750 for each and you're only down £1.5k.
With a new car, you'd lose far more than that in depreciation each year, even putting aside the costs of any finance or the hassle of having all your money tied up in the car.
Click to expand...

not only that but it's your car so you know exactly what has been done to it and how it has been driven. not matter how mint a new car may look. you never know how it has really been treated and can end up costing far more.
 
dave1983 said:
when you start spending over the market value of your vehicle thats when your wasting money.
Click to expand...

Why?

Unless for the market value of your vehicle you can buy a car you know 100% is in full working order and you know the history of I don't see how its relevant?

The value of your vehicle matters only when you wish to sell it.

I dont think I will ever understand why everyone in this country is obsessed with the value of the car they drive when they are not in the market to sell it. Its a car, if it breaks, fix it, unless you were going to get rid of it anyway.
 
The only time I've ever managed to justify replacing a car based on repair costs was my old Mk1 mondeo - it was costing me more every month in repairs than the repayments on a 5k loan so that's what I did....

Doesnt make sense here though - if its going to cost, say, £500 to repair - you dont know the new car wont throw up a similar cost down the line. You're also going to have removed any cost savings of that repair after 3 months of loan payments.

If you want a new car because you want something better, then fine - you're in a forum full of people who understand that. If you think it's going to save you money and you just want something to pootle around in, don't waste your time
 
[TW]Fox;16084914 said:
Why?

Unless for the market value of your vehicle you can buy a car you know 100% is in full working order and you know the history of I don't see how its relevant?

The value of your vehicle matters only when you wish to sell it.

I dont think I will ever understand why everyone in this country is obsessed with the value of the car they drive when they are not in the market to sell it. Its a car, if it breaks, fix it, unless you were going to get rid of it anyway.
Click to expand...
I see your point, but I don't think it's always as clear cut as that. In some cases (not the OPs imo) there can be big bills that come up that make it worth ditching and starting again. For you though, it is so unlikely that a bill would be big enough to mean that you could find another mint, 530i sport manual, with history and a good chance of it not going wrong, that the value of the car is only relevant when you're in the market for a new one.

Where the scrap it and start again idea might be worthwhile could be on a £300 alfa or renault, and say the head gasket goes and there are a few things 'on their way'. Then I think it'd be a decent idea to scrap it and go and buy a mondeo :p

In cases like this though, I think it's just a catalyst to change cars, because if the OP was happy with it, he'd just fix it. Instead it's just a means to justify changing sooner than he might have planned.
 
If the car is sound (good engine, electronics) and you are replacing consumable items like suspension parts, clutches, exhaust, radiator - then you've no reason to sell up.

Anything you bought would either be so much more expensive compared to the repairs or would need those same repairs doing in short order anyway (and whatever else you don't know about).
 
Cheers Guys a lot of various reviews and open opinions, i think i will stick with my car, i think i need to realise that even if i get a Newer car then i would still need to splash out on parts that could be expensive. There are a couple of things that i need to repair like the Cat, which is on it's last legs but i can get one for £29 quid.

I mean 129BHP for a saloon car is pretty good, handling on the primera is awsome, will get some pics up soon. cheers guys :)
 
Some scrappage scheme stats if anyone is interested......

Scrappage facts released by the Department for Business, Innovation and Skills include:

- Scrappage accounted for approximately 20 per cent of all new car registrations during the period it ran.

- 54 per cent of scrappage buyers surveyed had never bought a new car before

- 56 per cent of surveyed buyers said they would not have bought any vehicle if the scrappage scheme had not been introduced

- Cars bought through scrappage had average CO2 emissions of 133g/km – 27 per cent lower than the average CO2 of scrapped cars

- The average age of cars scrapped under the scheme is just over 13 years - 90 per cent of all cars scrapped in the scheme were between 10 and 16 years old

- Government data estimates that there may have been as many as 4000 jobs supported by the scheme at manufacturers and suppliers across UK

- Of those surveyed 6 per cent of car owners who bought a new vehicle under the scheme were over 60 years old
 
You must log in or register to reply here.
Back
Top Bottom