So I think I need a V8 (man maths ahoy)

Soldato
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I've gone through house moves, illness, all manner of tomfoolery and then finally settled down and got married. My wife is expecting my first baby, a daughter, and I've been taking stock of my life thus far as impending parenthood seems to encourage.

I've booked in to refresh my advanced driving already, because it's something I enjoy and being honest the thought of driving round this little helpless bundle of life is suddenly daunting. Funny it never really bothered me when it was someone else's child because I know I'm as safe a driver as I can be anyway. Anyway...

With the new arrival cooking on full gas and due in March, I've quit smoking and been saving the £50 a week in a jar. That got me thinking. Up until this last year I'd only ever driven diesels except for my first car 10 years ago, which was a Ford Sierra petrol with RWD goodness. Petrol prices are low (for now) and in the last couple of years I've gone from being obsessed with 'economy' to realising there's more to the story than the pump figures. Overall our 2.0 petrol is costing less than our previous 2.0 diesel!

I have worked out that our 2.0 runabout gets 38mpg average and that a nice E39 540i V8 or Audi A8 4.2 V8 would only really cost an extra £10 or £20 a week for much more smiles and enjoyment versus an econobox. We were wanting a second car anyway so I suggested my wife keep using the existing car as a town runabout and when we take longer trips out at the weekends we should waft in a noisy V8 for a few quid extra in fuel rather than just go in a bland box because it costs £3 less in petrol...

My wife was agreeable and liked the look of Jaguar S series cars though I pointed her towards the E39s. A quick check shows the insurance is actually cheaper for me on the 540i than on a 530i or below, so that's a bonus. The Audi is cheaper than even the 540i! Less people buying big V8s means less claims on them I guess. :D

We have a moderate disposable income (we tend to try to save £50 to £100 a week after everything's accounted for and we've put some money into the emergency fund) and as such man maths says do it before you're old, the V8s are gone and you regret it.

Research suggests the E39s are relatively solidly built and bulletproof provided one looks for FSH and the usual checks, and the same for the Audi A8s. Our eye has also been caught by the slightly newer (2002-2004) A4 V6 bi-turbo but that just seems like more to potentially go wrong in the longer term.

Budget is flexible and I'm only speculating here atm so, full disclosure: I'm not ready to buy so don't link me then moan when I don't post pics in two days lol. We're considering buying just after the baby gets here towards the summer, and budget would be between £2,500 and £3,500 which seems to net a 2000-2002 model with ~90k to 120k miles and FSH, full leather, all the toys etc. That doesn't seem bad for a second car / toy and by all accounts V8s are lazy and tend to last at least as long as diesels so that mileage isn't an issue if well maintained.

I'd appreciate your feedback, input, ideas, encouragement or scorn in equal measure. :)
 
[TW]Fox;27482839 said:
You only seem to factor in fuel costs. These are old and increasingly fragile cars now, so you will need the means to repair them on a semi regular basis.

Just seems a bit pointless with moderate disposable income unless you are a skilled mechanic and can do most things yourself.

I'm not a stranger to self-servicing my cars and we have two mechanics on the outlaws side of the family who will work for beer. Does that count?

ETA: I know it's all relative but £100 savings a week + emergency fund + £50 from smoking savings equals around £250 a week spare cash. That's most people's whole earnings. Surely a early to mid 2000s car won't be THAT expensive in repairs? LOL
 
So you're buying a 2 grand v8 and in a position with a baby and unseen costs around the corner?

Say you blew a shock absorber, not unlikely or needed a clutch job, i just think it would wipe you out. A 10 year + old car is a car for an enthusiast with cash to burn to want to refresh those worn parts not wonder if you've worked the finances out to afford it that month.

Amd £20 a week is a grand a year extra in petrol (almost half the value of the car budget you have in mind).

How much is a shock absorber or clutch with free labour? Less or more than the 1k spare cash we have on average each month? Just trying to account for everything.

ETA I wasn't being sarcastic I genuinely wanted advice. In that vein I've double checked our figures and we have about £800 a week income (worked out pro rata from salaries etc) and of that £300 is spare cash. Surely to high heaven no car costs more than £300 a week to maintain? LOL I could see the argument for buying a newer potentially more reliable car, but to say (Fox) that a 10 year old car may be too expensive on that level of income and spare finances was a little OTT, Shirley ;)
 
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I guess my point is you don't know how much a clutch is, I'm not looking to buy but you are so you should be looking into the running costs and researching this.

Thing is its a gamble like anything. It could run fine for 3 years or it could blow up in 3 months. Being a v8 just means the cost to fix it is higher and potentially the likelyness of something going is higher (v8s weigh more, put more load on suspension, brakes, etc).

I understand that but I had already looked up most common parts and consumables on ECP and found they were within a couple of quid of an equivalent Peugeot/Ford/whatever. A quick chat with one of the mechanics in the family last week resulted in a 'yeah throw me Stella and I'll fix it whenever you like, there's loads of parts about and they're not expensive really. Get something angel eyes onwards if you can and you're golden.'. You could just as easily say if I'd HAD to ask how much a clutch was I couldn't afford it. With ~£350 a week play money with free mechanics on tap I didn't think a clutch kit would break the bank on a mere BMW or Audi. A McLaren and you may have had a point!

I posted this thread as part of my research, but bar one reply the consensus seems to be I probably can't afford one because I don't know how much a clutch costs and I probably don't have enough money.

I'm all for realistic expectations and eyes wide open but I think the attitude is a little over the top for no reason. Put it another way, I have £300+ a week to play with and want something to waft in on the weekend after years of being stuck in diesels. Does your answer change?
 
No, but good luck wafting!

Why? My thread was started to ask about the E39 v A8 v what-have-you but quickly turned into Motors deciding I probably wasn't an enthusiast and couldn't afford parts. Both are incorrect and since I won't even pay for labour I don't understand the continued brick wall.

Not once piece of advice or enthusiasts' input on the merits of either car compared to the other etc, just a unilateral decision that since E39s cost a couple of quid more than a Pug/Ford/Vx in consumables that I obviously can't afford to run it as a weekend project/toy... Motors is so clever that this was decided before my finances were even made known!

And people wonder why Motors is so quiet compared to PH etc. :-/
 
I'm just saying that the idea seems semi credible i guess i'm trying to talk you out of it a little for sensible reasons. The way I'd look at it is do you need the risk of a 14 year old v8 in your life at this moment in time? If it turned into a money pit could ypu walk away from it if the car becomes uneconomical in terms of viability.

If so go for it. If not and you aren't buying a car like this expecting to be replacing worn bushes or whatever then think twice.

OK now that makes more sense, and I appreciate it's late. As above it's throw away money to us at this moment and especially so after quitting smoking. The car's coming out of my 'rewards jar' and the I'm fully expecting to need to replace suspension/clutch/carry out servicing to get it back to the driving pleasure it's meant to be. It's a project/toy/reward to keep my mind off smoking and on motoring. The home-made sign next to my usual smoking place in the garden says '£50 a week on cancer, or on doing your daughter a favour and spending it on a fuel for a V8?'...

I was more looking for experience and advice re the differences in the E39 40i and the Audi 4.2 V8 as the internet generally throws up fanbois either way. So now perhaps you understand more where I'm coming from.

I'm fully aware I could buy or lease something much newer and potentially tastier but that kinda defeats my object. I was actually looking at a 530i the other day but ironically the six pots are not only much more expensive on insurance (I'm talking almost double!) than the V8s but the V8 is also a 'tick on the list' in my motoring history.

If it blows up and dies I have mechanics in the family to fix it for the cost of beer and the part. My wife spends more a week on clothes and makeup than the car is ever likely to cost in repairs! ;) I was just looking for some advice on the driving/owning experience of one versus the other, as well as the usual dollop of Motor-esque charm. Don't forget we also have a brand new Mazda 6 2.0 as a daily so this is literally a weekend plaything.

Cheers.
 
Fox I realise the wording is bad on my OP due to the hour, but if you re-read it:

Rainmaker said:
£50 to £100 a week after everything's accounted for and we've put some money into the emergency fund

That's £50 to £100 floating cash plus £100 plus my cig money of £50 so yeah. :p I'll come back later, the wife's in hospital today for tests. :)
 
£3k on a V8 over 125k miles is asking for trouble.
You are going to be swimming in mechanic and part fees. If my 350z is anything to go buy engines arent really the big problem in cars like these , its the transmission and suspension that gets out of whack easily - and it costs a lot to fix.

As above we have mechanics in the family so the fee is parts only. It doesn't have to be that mileage there's plenty of lower (~80k) ones about. I'm also looking at the swathe of 530i Sports with low miles, FBMWSH and LPG conversions and thinking about looking closer. Six cylinders is still better than 4 and the examples seem better and newer.

Also in the running are the A8 4.2 litre, Mondeo ST220 and so on. In case anyone missed it this is a weekend project / toy car so oh noes it's a bit broken isn't really an issue... I just want something with a decent engine, more than 4 pots and enough power to put a smile on my face. :)
 
Thanks for the useful input guys. Apologies for the delays, as I said my wife was in hospital for tests this morning so I've been tied up. My financial situation is fine and we already have a child in the house. My wife has been a professional nursery nurse for 11 years also, so I'm pretty sure we know what to expect. :p Luckily she gets free nursery placements because of her employment status so can we please concentrate on the cars now and let me worry about my personal arrangements and bank balance now that we're quite sure I can afford it? :)

I have been reading Fox's response to the 530i sport thread and tbh it may be a decent compromise. I'm aware of a couple of manuals for sale with low miles and FSH around the 3.5k mark and that could be something to look into. As I said budget is flexible and the £3k mark just happens to be where most E39s seem to fall nowadays. Those 540is tho'....

There's no rush and I'm still checking out alternatives. I've listed a few in the thread already but it seems I'll be better off just doing my own research and buying what my heart wants. I'm still all ears for further input if anyone has any more experiences however.
 
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you said it!

Yeah mate, because I've seen Motors threads year in year out and know where most end up lol. :D I clearly can afford the car and just wanted advice about the car itself. It took hours of financial interrogation before we got anywhere useful once it transpired I could actually easily afford to run one.

Even then people tried to tell me I'd probably run out of money... Responses in other threads about lower models like the E39 530i are enthusiastic and detailed, but the minute I post asking about a better spec and engine people throw the wall up. You can see how that looks a little ironic.

On the one hand I appreciate the knowledgeable posters making sure my eyes are open, but on the other it seems slightly amusing to glorify lower spec E39s but then scorn someone who can afford to run a better one from the same era. Luckily there turned out to be some handy advice in the thread which I've taken on board, especially coupled with Fox's detailed reply in the 530i thread.

As I said the 530i is actually a contender but if I can get a 540i in suitable condition I wouldn't hesitate. Some people are clearly skipping the thread to reply, and I would again point out we already have a brand new 64 plate Mazda 6 tourer 2.0 petrol daily so if the Beamer was off the road getting fixed up or whatever it wouldn't be an issue.

I honestly wish I'd been less up front with the details and just honestly said "Guys I have £3k to £5k to throw at a car with 6+ cylinders and 0-60 under 8s for the weekends, and servicing/running costs/insurance aren't an issue so come at me with your suggestions". I probably would have had more interesting and useful replies, with less accountancy, overall.

I also fully realise and hold up my hands that I'm posting primarily from my phone in between doctors' visits in the hospital so my replies aren't perhaps as pointed and useful as they could be. I just want some pointers on what cars might suit, how they fare and what they're like to own. Why so difficult? Because Motors. :p
 
Don't you want 8? :p

Of course! But as I've said all along I'd considered the straight 6 but with the ironically higher insurance costs the overall cost of ownership balances out so why not V8. :) I just needed some pointers and suggestions. As I said I've looked at everything from the Mondeo ST220 V6 through to the Jaguar S Type V8, Lexus LS400 V8, Audi 2.7T you name it. I just want something fun with many cylinders to barge about in and have some smiles on the weekend before I'm old and dead.

I've woken up from 9 years of diesel drudgery and realised what I'm missing! Just want some pointers from those who know better is all. :D
 
Screw all the people going on about being sensible, if you need to you can always sell the car later.
Mate of mine bought a Ferrari when he found out his missus was expecting their daughter, in his words, because I can afford it now, and if I dont have it now I'll never have one...

Haha my thoughts exactly. We can afford it, they're still available (but certainly not forever) and I want one. I'd only have spent the cash on fags and random crap so why not? :cool:
 

OK I have to admit I just got chance to watch the video. DAT NOISE! :D The pops and bangs on overrun made me go :cool:... I like it, but I think the E39 would be cheaper to maintain and less complicated without the quattro and an autobox. Definitely one to look into though, as I said I'm open to suggestions and ideas!
 
Complete left fielder and you'll all laugh now, but this made me grin for the price of it.

1995 Lexus LS400 4.0 V8 with 140k, FSH, full leather and toys, auto box, owned by a posh looking owner since 2001 but he's now retired and not driving it. Looks immaculate and drives superbly apparently, and it has four new premium tyres.

£600 :eek:

By the looks of the house behind it they're not short of money or the skimping type. Intrigued at shed money and the insurance is laughably cheap. :p
 
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"Throwaway money", "baby on the way".

Ahh :)

I appreciate the irony but it's not 'our' first child (my first though if you understand - my wife had a young child when we met). We're fully aware of the costs and are already fully kitted out. Not an issue. :) Out of £850-900 weekly income we 'need' £300 for housing/bills/food and the rest currently gets splurged on random pleasures of life with a chunk put aside variably for savings. I shan't worry about running a second car.

Another random one, but this Jaguar S Type 4.0 V8 just caught my eye on the Trader while browsing V8s. It's one lady owner, FJSH, 80k miles, serviced and maintained to date, comes with 6 month warranty (trader sale), 12 months MOT, and the leather and upholstery are beautifully unblemished. Even the dash, buttons and cubby holes are unworn. Looks really nice and tidy for £1,900 and owners' reviews put it between 25 and 30mpg with very reasonable servicing and parts costs.

As I said in the OP my joy is lack of rushing, we have a daily and this is all pleasure for me. I'll just try a few cars out for size, keep researching and pull the trigger when I see the one that I can't stop smiling about after a test drive or two. :D
 
Do it.

I nearly bought a very clean C36 AMG Merc for a very good price 2 years ago (hardly any rust at all and these things like to rust for fun). Instead I bought an E39 530i sport (and crashed it).

I still wonder what might have been with the C36, and regret not buying it more than I regret writing off my E39.

My man maths would even have worked out okay, but my head won and the Merc remains just a dream (albeit a 1996 car-based probably very costly one).

I know exactly what you mean mate. :) Funny you should say that about the 530i, they must be jinxed! Didn't Fox's end up in a ditch not long after he got it? haha :p
 
[TW]Fox;27487830 said:
That was about a year before you even registered :p

Yeah, I saw mention of it in here. :D Banter aside I'm glad the you, and the car, came out OK!

This!

Every Man needs a V8! :D

(I used to have a V12! :D)

I am sorry to say I only have a straight six for now but it is a 4.2 litre one (LC80 4.2 TD)

However, If is was to go looking for one, I would more likely go looking for it in the pages of "Practical Classics" (or equivalent)

Modern tech loaded vehicles are of little interest too me.

Agreed, and agreed. My wife is practically encouraging me to get one (wonder what SHE wants? haha)... :)
 
That's very interesting and useful info, thank you! :) I saw a couple of Soarers on the boat from Japan, currently advertised on the AT. They're £6k each with VERY low miles (~26k each) but quite interesting looking. Only one of them is leather though, but nonetheless a nice little car.
 
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