65k for a base model that drivers of real mercs and luxury cars laugh at the "would be if they could be"'s behind the wheel
17 yr old car 140,000 kms Versus investing
65k for a base model that drivers of real mercs and luxury cars laugh at the "would be if they could be"'s behind the wheel
Audi A6 for this little "insert politically correct colour description here" duck.
Just Dreamin'
A base C class would be crap.
A45 AMG for $75k - a no brainer.
I think that's my next car - late next year when its time to swap.
What Ideo said
Maybe get the car serviced other than where you purchase it also
A standard service at vw for my car is $480. I get it for $280 from my independent specialist. Vw approved oil, vw parts but no outrageous gouging on time and labour.
Moat of that $280 is for the vw approved oil.
parts probaly 80$ VW approved oil laughable, so 200$ for labour and dispose of old oil filter and oil... ripoff!! no wonder why they are pricing the vehicle at competitive rates... charge arm and a leg for servicing.
this is the maintenance cost of my cousin's honda accord vti 4 cyclinder for 10 years. 2003 model.
1- major service 480$
-20x oil and filters @ 50-70$ each. car is at 180 000 kms drives as new.....
drives better then any merc bmw or other euro cars that i driven.
this is the maintenance cost of my cousin's honda accord vti 4 cyclinder for 10 years. 2003 model.
1- major service 480$
-20x oil and filters @ 50-70$ each. car is at 180 000 kms drives as new.....
drives better then any merc bmw or other euro cars that i driven.
A service costs about $70 regardless of car brand. About $60 worth of oil and about $10 worth of oil filter.
How much labor they add on that is up to you. It doesn't take too long to undo the the bottom of the oil sump to drop all your existing oil out, and pour the new oil in. Give the car a look over to ensure it's healthy - they'll market this has a 100 point check or whatever the latest trend is.
Moral of the story is be related to a mechanic
How much labor they add on that is up to you. It doesn't take too long to undo the the bottom of the oil sump to drop all your existing oil out, and pour the new oil in. Give the car a look over to ensure it's healthy - they'll market this has a 100 point check or whatever the latest trend is.
Moral of the story is be related to a mechanic
No. Modern direct injection engine technology requires certain oil types. All modern low ash fully synthetic oils (which Mazda, Honda etc now use) are far more expensive than older, semi-synthetic oils.
Look at the price to service a Mazda 3 and it will not be far off. In fact, over 50,000kms the Mazda will cost more as the service intervals are 10,000kms rather than 15,000kms.
But, surprise surprise. Modern turbo 4 cylinder awd hot hatch costs more to run than 10 year old family sedan.
ETA. The $280 service also included replacing pollen filter, brake fluid and a few other minor bits and pieces that wouldn't be included in the $480 vw service.
A large chunk of a service at a dealership has to cover all the staff between front desk and mechanic on tools too.
This is why they are so much more expensive, and there are a myriad costs involved in running a service business - equipment etc.
In the backyard business, there is only the mechanic and his garage at his house, or small factoryette.
Hi
How is everyone?
I have been thinking seriously about upgrading my car. I bought a hyundai excel hatch brand new back in 1996 for $17 K. Only had to pay $8 K to pay it off. This car has been great but i have been getting worried about how much longer it will last and also if it is still safe to drive.
I was just wondering what future repairs/replacement parts i'm looking at if i hold onto this car for a few more years. From memory I havent had to replace any large parts. I have been very lucky and this car has been great, hasnt caused any problems.
For the last couple of years I have been wanting to buy a sportswagon so i could fit my bike in the back but about 6 months ago I compromised and bought a bike carrier. I am able to gain access to my boot through the back seat. I dont know why i didnt think of this option sooner.
For the past few months I have been seriously thinking about buying another car. I have really wanted to get either a brand new subura xv, nissan dualis suv or hyundai ix35. This costs something around $30 K. Following this option I would hang onto this car for the next 15 years or more. I would be held back though. The investing would have to be put on hold for 5 years as it would take 5 years to pay off, spending $500 a month.
The other option was to buy a 3 year old suv which would cost a lot less. Maybe $20 K
I kept changing my mind. Do I go with my heart or my head. I know its important to have a balance in life and life is meant to be worth living and enjoying but at the same time i want to invest. I was looking over my records yesterday and can see im now only slightly negatively geared. My head has taken over the decision now. If its going to cost me $500 per month for 5 years to pay off the brand new car I could be putting this money to far better use buying an ip.
I've decided to go with my gut and to invest again in around 12 months time. My LVR is approx 65% now. When i bought my ip it was at 80% LVR. I also hear Perth is ready to move again. Values are going up !
I dont want to look back and have regrets ! A new car can always wait for now. I have saved well whilst living at mum and dads. I've been here for 14 months now and plan to stay another 12 months. My highgate property is positively geared and my Dianella property is only slightly negatively geared now making them pretty much neutral atm before tax. I should see a nice little tax return this year, maybe $6 or 7 k, i really have no idea lol !!
So what im thinking of doing is just holding onto my 17 year old hyundai excel hatch for as long as possible. If it starts getting too expensive to hold because of the repairs/replacements thats when i'll have to look at buying a used car. i'll just have to admire those nice small SUV's from a afar lol.
In regards to my car what sort of costs will i be in for in the next few years. Its done just140,000km's in 17 years, not bad hey. Also when i do invest and then i find i need to buy another car because mine needs replacing im thinking of buying a 5 year old car thats done around 50,000 - 80,000 km. Pay no more than $10 K and just hang onto it for the next 10 + years. This way I'll be able to afford a car loan as well as afford my latest ip. I'll have to make sure the ip i buy is not too ng. I also wont make the same mistakes as last time and put any of my own cash into buying the new ip. and to make sure i can afford the ip at 9% IR and have enough buffer to pay for all kinds of expenses that pop up.
What does everyone think of this plan ? The only problem I see with buying used is you dont know what your going to get. You dont know how someone has treated the car but im thinking its worth taking that risk if it means you can invest again.
I can remember skater said that she only bought used cars and invested instead and she did well. Any other investors buy used cars in the beginning of their investing journey. I'm 40 and have 1 ppor (which is currently an ip) and one ip and I dont mind working till im 67 and retiring on the same salary as i am today, the same living standard. I want to live comfortably but nothing extravegent. Maybe a few luxuries every now and then. Or if possible maybe $20 K pa more than i get paid now, but im not fussed.
My highgate property that i bought for $255 k back in 2008 is worth approx $320 k now. My Dianella property that I bought for $210 K is worth approx $250 K now. I have a 177 k loan on my ppor and a $199 K loan on my Dianella ip. Highate property is renting for $320 per week, and Dianella renting for $280 per week.
Also what is happening in Perth atm with values. I havent visited for ages. If you could direct me to some topic links that would be great.
haha also I really dont mind delayed gratification and i'm good at it. I just bought my 1st digital tv and dvd/hard drive recorder last week and my brother is helping me to set it up this arvo. I just couldn't bring myself to parting with my money until the very last minute
I guess in life you have to balance up what is the most important priority for you and atm I realise it is investing for me.
Just had my car serviced. woohoo just the standard $190 it cost me. I'm aiming to reach 200,000 km
Its serving me well.Would you be happy to list what the service actually covered here on this thread?Just had my car serviced. woohoo just the standard $190 it cost me. I'm aiming to reach 200,000 km
What was the parts list, and the labour time/cost?
Was there a list of items "For Attention".
The reason I ask this is because for $190, at our place that would cover yer basic oil and filter change, a checkover of the car, and a list of things to attend to, injector cleaner and consumables.
The problem I see with services of this level is that the customer has this perception that once the car is serviced, it's bullet proof until the next service (assuming they do it at the next scheduled time/mileage)...
We get loads of bookings for services where the customer comments when they are booking in; "The car is running a bit rough, so I thought I'd better book it in for a service".
This immediately sends us an alarm - there are probably other mechanical issues which are not covered in a service....ie; service won't fix them - it is extra work and cost, and they have left it until the car starts to break down before they decide to do anything..
Just saying.
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