• Fuck me I must admit I’m glad to be stuck in the banger end of the market (buying outright), I think I’d lose my mind trying to understand these more complicated finance options.

    Neighbour has a new Fabia on lease that she recently bought at the end of the lease period - I’m not sure if it was a lease exactly, but monthly payments with an initial down payment then the option to buy outright. Even on something small like that the costs seem astronomical to me. £2-300/mo, at least 2k up front, and probably a sizeable final payment.

    A £3k Astra (50k miles and 5 years old at purchase) did me for 80k miles and 10 years. I’ll accept that it wasn’t the classiest of motoring, but it was massively affordable and never skipped a beat in the decade I owned it - never broke down and never suffered any major component failure. Is it just the reality that car ownership is getting a lot more expensive?

  • Same here, but I am more and more loathing sitting in traffic with the type of driving I do (young family, non bike friendly drop offs, visiting in-laws in London) with the engine idling away so can't see myself getting anything other than a hybrid on my next purchase. The C Max, if looked after, could well have another 10 years in it, or it could go pop tomorrow, I don't know.

    The only hybrids (or at least the ones that are everywhere) in the banger buy it now range, are those big Lexus 400/450h with 100k miles. Or old Ubers.

  • Yeah for sure. Looking at the market and what’s available, I reckon we might end up with a Nissan Leaf because they’re small and relatively affordable to begin with. Hopefully the secondhand market for them will be ok in a few years time, but how economical the second hand electric market actually is with regards to battery life and replacement, is a separate matter.

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