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Thread: Losing money on cars.

  1. #1
    Regular Member DAVO's Avatar
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    Default Losing money on cars.

    Not been on here much due to work and DIY commitments but thought you lovely people should know this.
    Last year i purchased a Meriva from the main stealers for the wife and kiddies. Nice motor, high and safe driving position,decent spec (design) and only 1 owner with 32k on a 53 plate.
    Now its only a 1.6 8v and since we've had it we have only done 4k miles so its a bit of a shopping cart. Since the rob dogs that run this country have change the road tax we decided that at £210 a year a rethink is in mind.
    The part ex is now only £2500 we paid 5k less that year ago and the fore courts are saying ' sorry its one of those expensive road tax one's in it. we wont shift it mate so thats the best to trade it in.

    Be aware the emmisions will stop you getting a decent price for your part ex in time to come. And diesels 1.4 1.6 are going through the roof. Why do i stay in this country. Rant and soap box over.

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    Regular Member videodoctor's Avatar
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    At £210 road tax,its still cheaper than loosing £2500.I would keep it and just pay the higher road tax.

    £2500 can buy you alot of road tax

  3. #3
    Regular Member DAVO's Avatar
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    Quote Originally Posted by videodoctor View Post
    At £210 road tax,its still cheaper than loosing £2500.I would keep it and just pay the higher road tax.

    £2500 can buy you alot of road tax
    I know fella but in 2009 it jumps to £260. and in 2010 to £270.i realise it makes sence to keep it but the part ex price is not going to get better and i begrudge giving this government any more than they deserve.

  4. #4
    Regular Member Paulsvectra's Avatar
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    Quote Originally Posted by videodoctor View Post
    At £210 road tax,its still cheaper than loosing £2500.I would keep it and just pay the higher road tax.

    £2500 can buy you alot of road tax


    I agree just keep it because once the Gov get these new tax bands in it won't be long before they put the lower bands up + road pricing.


    Paul

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    Regular Member LAV6Y's Avatar
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    Try Px'ing a 3.2 V6 PETROL then???

    I'm not even gonna go there.....

  6. #6
    Regular Member Kev_A's Avatar
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    Vehicle : Vectra

    Trim : SRi

    Engine : Z20NET

    Year : 04

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    Try owning a V6, I paid £7k for it 16 months ago, looking for an Astra VXR and the best P/X price I've had is £2,800!

    Road tax at the moment is £115.50 for 6 months and £210.00 for 12 months, In 2009 it will be £228.25 for 6 months and £415.00 for 12 months,
    In 2010 it will be £236.50 for 6 months and £430 for 12 months

  7. #7
    Regular Member sparky71a's Avatar
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    Relaced the veccy with another on a 56 with sat nav,18 k on the clock,for only £27 more per month than paying for vx's suregaurd extended warranty,as mine ran out last week. A new car for a round of drinks you could say,plus if i drink even less i keep even fitter.....
    All round a no brainer,plus i had 2k negative equity on my motor,so wrapped all that up in the deal by getting a loan instead of fianance,so it's going to be paid of in 3 not 5 years,also with gap insurance and another 2 years warranty that will begin when the manufacturers warranty runs out in Sep 09.In three years the insignias should be well established and i can make a more informed choice. My tax will be a bit more,but ce la vie......at least the motor will be paid off.

  8. #8
    Regular Member macdad's Avatar
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    Quote Originally Posted by DAVO View Post
    Not been on here much due to work and DIY commitments but thought you lovely people should know this.
    Last year i purchased a Meriva from the main stealers for the wife and kiddies. Nice motor, high and safe driving position,decent spec (design) and only 1 owner with 32k on a 53 plate.
    Now its only a 1.6 8v and since we've had it we have only done 4k miles so its a bit of a shopping cart. Since the rob dogs that run this country have change the road tax we decided that at £210 a year a rethink is in mind.
    The part ex is now only £2500 we paid 5k less that year ago and the fore courts are saying ' sorry its one of those expensive road tax one's in it. we wont shift it mate so thats the best to trade it in.

    Be aware the emmisions will stop you getting a decent price for your part ex in time to come. And diesels 1.4 1.6 are going through the roof. Why do i stay in this country. Rant and soap box over.
    I think m8 that you initially paid over the odds for it at 5000k and i'm not being rude,the meriva stands in a very competative market with rivals like ford s max etc,but the trade price for this car one year ago would have been around the 3000k to 3500k mark and the road tax thing is another nail in the coffin,? have you ever thought about buying at auction or privatly you can save a packet for the same car,there are risks involved,but can be offset with the price you pay anyway.

  9. #9
    Regular Member GoldenWonder's Avatar
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    Typical example of how the current government are attacking the 'mondeo' man. A Meriva/vectra/zafira is the classic example of a family car and therefore the target of any new taxation!

    All done in the name of the environment - but how is it better to replace a healthy 53 plate car for a new lower tax band one - surely the environmental impact of buying a new car far outweight running the older car for many more years!

    Not that I believe any of this global warming b*lls anyway!

  10. #10
    Ex Vec-C Admin & Founder Bainie's Avatar
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    If you split the road tax over a year it is not a huge cost though, compared to the other running costs ... I do not understand why a few quid rise in tax can wipe £100`s off a cars value ??

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