What would you do...?

penski · 2 Feb 2008 at 22:39

The 'Field' guys at work get either 42p/mile or £170/month for/towards a lease car. Most of them have those twincharged Golfs on lease.

They do between 200 and 600 miles a week.

When I found this out, the first thing that came to mind was that a 306 diesel running on veg oil could probably net you a tidy profit over a year and pay for itself in a few months.

...But am I right?

*n

Ben M · 2 Feb 2008 at 22:42

penski said:
The 'Field' guys at work get either 42p/mile or £170/month for/towards a lease car.

Do they get the lesser of the two amounts?

And does it have to be leased? because not many places will lease such cars will they?

paradigm · 2 Feb 2008 at 22:42

Even if it were correct (and I think to be honest it would be), It would be so tedious, noisy, and dirty. Not to mention giving up the chance to have a spangly new car that you aren't paying the depreciation for.

I'd take the new car option, assuming their salary isn't bad to start with. If I needed the extra cash in my pocket however...

Scuzi · 2 Feb 2008 at 22:43

It would take more than a few months to pay for itself. How much of that £170 a month is going to go on fuel? How much is a 306 diesel going to cost you? I'd have thought about a grand for one that isn't on it's last legs.

therealnerd2 · 2 Feb 2008 at 22:44

Sorry if i'm being stupid here.

400 miles a week average.
1600 miles a month
42ppm
= £672 per month

So £170 is a much worse deal? Or am i just very confused here

penski · 2 Feb 2008 at 22:46

therealnerd2 said:
Sorry if i'm being stupid here.

400 miles a week average.
1600 miles a month
42ppm
= £672 per month

So £170 is a much worse deal? Or am i just very confused here

42ppm is expected to take into account your fuel, servicing, running costs et cetera.

*n

Scuzi · 2 Feb 2008 at 22:50

penski said:
42ppm is expected to take into account your fuel, servicing, running costs et cetera.

*n

Even still. 400 miles a week is what, about £60 a week in petrol/diesel. £240 a month in fuel. That leaves £430 a month for "running costs". You could run a hell of a car for £430 a month.

penski · 2 Feb 2008 at 22:51

paradigm said:
Even if it were correct (and I think to be honest it would be), It would be so tedious, noisy, and dirty. Not to mention giving up the chance to have a spangly new car that you aren't paying the depreciation for.

The reason I thought of something like a 306 being ideal is that it's going to get treated like hell, driven all over the county, filled with crap and generally abused; not something I'd want to do with a lease car (nevermind risking dings and dents in it :/) as I'd always be conscious of it not being mine :/

I'd take the new car option, assuming their salary isn't bad to start with. If I needed the extra cash in my pocket however...

Depending on how long they've been there and what their exact role is, their basic is between £17k and £22k.

*n

penski · 2 Feb 2008 at 22:52

Scuzi said:
Even still. 400 miles a week is what, about £60 a week in petrol/diesel. £240 a month in fuel. That leaves £430 a month for "running costs". You could run a hell of a car for £430 a month.

Hehe...One of them has a Supra after all...Which I thought was daft but seeing as you put it like that...

*n

mjt · 2 Feb 2008 at 23:51

penski said:
The reason I thought of something like a 306 being ideal is that it's going to get treated like hell, driven all over the county, filled with crap and generally abused; not something I'd want to do with a lease car (nevermind risking dings and dents in it :/) as I'd always be conscious of it not being mine :/
*n

isn't that the whole point of a lease car? :confused:

it's not yours, so who gives a stuff if it gets abused and dented?
they don't make you pay for the repairs do they?

[TW]Fox · 2 Feb 2008 at 23:57

Problem with the 306 idea is it will be old and rubbishy. When you are doing 600 miles a week, your car is your office. A nice car is the difference between work being tedious and acceptable. You wouldnt want to work in a draughty portacabin instead of a nice air conditioned modern office, would you.

And then when it wont start one day, how do you do your job?

Rich1988 · 3 Feb 2008 at 00:04

a 'standard' car eg my 2 litre turbo gets a combined of 29/30 mpg, for 42 ppm you would be paying less than half that for fuel and as said you could make a pretty good amount from it, what car do you currently have? as the chances are you will still make a healthy profit.

Stellios · 3 Feb 2008 at 00:04

[TW]Fox;11025466 said:
When you are doing 600 miles a year, your car is your office

Might as well walk for that mileage