Is a downgrade really a downgrade?

Is a downgrade really a downgrade?

Author
Discussion

SonicHedgeHog

Original Poster:

2,558 posts

188 months

Sunday 29th November 2009
quotequote all
I currently drive a fully paid for diesel hatch that Webuyanycar.com says is worth £9k. Next year would be about the time I would normally expect to replace it and in doing so take on another load of finance. However, the recent Top Gear/EVO cheap car challenges have got me thinking outside the box. Specifically it has got me thinking two seats and impractical. The Mrs has had an MGF and MGTF 160 so I don't want one of them, a mark 3 MR2 is too impractical and an Elise (and VX220, really) is just too expensive, especially if you buy from a dealer. However, a Mark1/2 MX5 can be had for very reasonable money and would leave enough cash for some fun stuff like a good stereo and some tasty Recaros (I love good sports seats).

My question is, has anyone switched from one of the cheapest to run and easy to live with cars in the world to an MX5 and are you glad you did it? I'm particularly interested to hear from people who could have bought a more expensive car, but chose the MX5 instead.

maser_spyder

6,356 posts

188 months

Sunday 29th November 2009
quotequote all
Not sure if it counts, but I have the Maser, and an MX5 (two if you count Mrs Maser's Mk2.5).

Horses for courses, if we're going away for the weekend, or out for the day, we'll likely take the Maser.

If I'm running errands round town, or going somewhere on my own, I'll take the Mk1 MX5.

Track days with the MX5 too, much more fun that the Maser!

heebeegeetee

28,956 posts

254 months

Sunday 29th November 2009
quotequote all
SonicHedgeHog said:
I currently drive a fully paid for diesel hatch that Webuyanycar.com says is worth £9k. Next year would be about the time I would normally expect to replace it and in doing so take on another load of finance. However, the recent Top Gear/EVO cheap car challenges have got me thinking outside the box. Specifically it has got me thinking two seats and impractical. The Mrs has had an MGF and MGTF 160 so I don't want one of them, a mark 3 MR2 is too impractical and an Elise (and VX220, really) is just too expensive, especially if you buy from a dealer. However, a Mark1/2 MX5 can be had for very reasonable money and would leave enough cash for some fun stuff like a good stereo and some tasty Recaros (I love good sports seats).

My question is, has anyone switched from one of the cheapest to run and easy to live with cars in the world to an MX5 and are you glad you did it? I'm particularly interested to hear from people who could have bought a more expensive car, but chose the MX5 instead.
Given the choice between diesel hatch and finance, or a nicely looked after used MX5 and no finance, i would take the MX5 every single time. At *all* times it will be nicer to sit in, and on sunny days or out on the open road with roof down it will be a million times better.

So long as you're sure you can live with the 5 as an only car, you will never regret it, and if you need to you could always borrow or hire a larger car for when needed.

But just think what you'll be saving on finance and depreciation costs! The savings alone would fund a holiday to the south of France in the Mazda each year. cool

SonicHedgeHog

Original Poster:

2,558 posts

188 months

Sunday 29th November 2009
quotequote all
heebeegeetee said:
SonicHedgeHog said:
I currently drive a fully paid for diesel hatch that Webuyanycar.com says is worth £9k. Next year would be about the time I would normally expect to replace it and in doing so take on another load of finance. However, the recent Top Gear/EVO cheap car challenges have got me thinking outside the box. Specifically it has got me thinking two seats and impractical. The Mrs has had an MGF and MGTF 160 so I don't want one of them, a mark 3 MR2 is too impractical and an Elise (and VX220, really) is just too expensive, especially if you buy from a dealer. However, a Mark1/2 MX5 can be had for very reasonable money and would leave enough cash for some fun stuff like a good stereo and some tasty Recaros (I love good sports seats).

My question is, has anyone switched from one of the cheapest to run and easy to live with cars in the world to an MX5 and are you glad you did it? I'm particularly interested to hear from people who could have bought a more expensive car, but chose the MX5 instead.
Given the choice between diesel hatch and finance, or a nicely looked after used MX5 and no finance, i would take the MX5 every single time. At *all* times it will be nicer to sit in, and on sunny days or out on the open road with roof down it will be a million times better.

So long as you're sure you can live with the 5 as an only car, you will never regret it, and if you need to you could always borrow or hire a larger car for when needed.

But just think what you'll be saving on finance and depreciation costs! The savings alone would fund a holiday to the south of France in the Mazda each year. cool
We're kind of on the same wavelength. I would like a bit more fun, but there is no way I am going to pay £25k+ for one of the latest hot hatches. With a £9k trade-in I'd be looking at total borrowing costs of £20k which is about £650/month over 3 years. Ridiculous. The best bet might be to copy Monsieur Maserati above and keep the barge and buy a £1500 MK1.

trooperiziz

9,457 posts

258 months

Sunday 29th November 2009
quotequote all
SonicHedgeHog said:
The best bet might be to copy Monsieur Maserati above and keep the barge and buy a £1500 MK1.
wavey

Cheap mk1 mx5 and an E39 M5 here, perfect bedfellows smile

maser_spyder

6,356 posts

188 months

Sunday 29th November 2009
quotequote all
trooperiziz said:
SonicHedgeHog said:
The best bet might be to copy Monsieur Maserati above and keep the barge and buy a £1500 MK1.
wavey

Cheap mk1 mx5 and an E39 M5 here, perfect bedfellows smile
The way forward!

My MX5 costs to run;

£200 a year tax (ish?)
£180 insurance
£100 maintenance (often less)

Plus track day wear and tear which is always more than normal running costs.

You don't want to know what the Maser running costs are. Not absolutely horrific, but a new clutch alone would pay for about 5 years running an old MX5.

I would definitely recommend a barge for daily, and a '5 for fun, it's a great combination.

I've got a 8 seat Landcruiser for foreign travel and towing too, bargetastic!

snotrag

14,829 posts

217 months

Sunday 29th November 2009
quotequote all
SonicHedgeHog said:
My question is, has anyone switched from one of the cheapest to run and easy to live with cars in the world to an MX5 and are you glad you did it?
Thats the beauty of an MX5.

It IS one of the cheapest and easiest cars to run! Parts are plentfiful and cheap, they are very reliable, some niggles but never just decide to grendade themselves.

They handle big mileages really easily.

Tyre, oil, etc are all cheap due to cars low weight, small engine etc. Economy is 'reasonable'.

They are an utter bargain.

swannynhb

249 posts

195 months

Sunday 29th November 2009
quotequote all
i had a company car for years, last one was a citroen c4 hdi, best thing i ever did was get rid of it and buy a 92 eunos for my daily driver.

OnlyMX5ives

1,142 posts

198 months

Sunday 29th November 2009
quotequote all
From a diesel to an MX5 is an upgrade IMO.

I came from Cosworths, Integrales etc to MX5's over ten years ago.

Admittedly mine didn't stay std for long but I frequently run a std one for a week or two and every time, I really enjoy it.

I could easily afford a £30k car but the performance they give is more remote and you can only use a fraction of it on the road before you are well into BAN territory.

In fact after 'upgrading' my E36 328 to an E46 328 I'm looking to 'downgrade' again - the older car is more fun.


mike9009

7,477 posts

249 months

Sunday 29th November 2009
quotequote all
I have recently 'downgraded' and got rid of all the car finance I used to have. I now have a mk1 Eunos and a 156 Sport Wagon (2.4 JTD). To be honest I don't know why I didn't do it earlier.... both cars are great for the tasks involved.

I have owned a vx220, Smart Roadster, Mini Cooper S etc in the past and I don't really miss any of them (except maybe the vx220??).

Just try it - it aint going to cost you much is it??

Mike

heebeegeetee

28,956 posts

254 months

Monday 30th November 2009
quotequote all
SonicHedgeHog said:
The best bet might be to copy Monsieur Maserati above and keep the barge and buy a £1500 MK1.
Personally i would look at spending a bit more than that, because at that price there are a hell of a lot of sheds, accident damaged or woefully 'modified' cars. I'd look to buying a nicely cared-for standard car with not too many owners etc, which will stand you in good stead for a good few years and would be an excellent base for modifying if desired.

Just imo of course.

maser_spyder

6,356 posts

188 months

Monday 30th November 2009
quotequote all
heebeegeetee said:
SonicHedgeHog said:
The best bet might be to copy Monsieur Maserati above and keep the barge and buy a £1500 MK1.
Personally i would look at spending a bit more than that, because at that price there are a hell of a lot of sheds, accident damaged or woefully 'modified' cars. I'd look to buying a nicely cared-for standard car with not too many owners etc, which will stand you in good stead for a good few years and would be an excellent base for modifying if desired.

Just imo of course.
There are a lot that aren't for £1500 too!

Use normal precautions, as you would with any car.

mikey P 500

1,240 posts

193 months

Monday 30th November 2009
quotequote all
I have only recently got my mx5 (about 3 weeks in now) and I really like it, mine was less than £1500 and is fine and came with a few practical upgrades. In the last few years I have owned an mr2 turbo, Lotus Elise and an S2000; the mx5 is on a par with all of them for enjoyment despite costing significantly less. So I would highly recommend getting one.

pbirkett

18,353 posts

278 months

Monday 30th November 2009
quotequote all
mikey P 500 said:
In the last few years I have owned an mr2 turbo, Lotus Elise and an S2000; the mx5 is on a par with all of them for enjoyment despite costing significantly less. So I would highly recommend getting one.
High praise indeed.

I've got a Mk1 RS Ltd with a modestly boosted M45 supercharger and its much more fun to drive than my old ITR was, and that too was an amazing car. They are really good fun to drive these little cars.

heebeegeetee

28,956 posts

254 months

Tuesday 1st December 2009
quotequote all
maser_spyder said:
heebeegeetee said:
SonicHedgeHog said:
The best bet might be to copy Monsieur Maserati above and keep the barge and buy a £1500 MK1.
Personally i would look at spending a bit more than that, because at that price there are a hell of a lot of sheds, accident damaged or woefully 'modified' cars. I'd look to buying a nicely cared-for standard car with not too many owners etc, which will stand you in good stead for a good few years and would be an excellent base for modifying if desired.

Just imo of course.
There are a lot that aren't for £1500 too!

Use normal precautions, as you would with any car.
OK, but when i was looking to spend £5k i still ended up driving all over the country to look at mis-described crap. I really wanted a nice early 1600 Mk1 but simply never found one in good condition.

I guess it depends how much time and money one wants to spend looking.

maser_spyder

6,356 posts

188 months

Tuesday 1st December 2009
quotequote all
heebeegeetee said:
maser_spyder said:
heebeegeetee said:
SonicHedgeHog said:
The best bet might be to copy Monsieur Maserati above and keep the barge and buy a £1500 MK1.
Personally i would look at spending a bit more than that, because at that price there are a hell of a lot of sheds, accident damaged or woefully 'modified' cars. I'd look to buying a nicely cared-for standard car with not too many owners etc, which will stand you in good stead for a good few years and would be an excellent base for modifying if desired.

Just imo of course.
There are a lot that aren't for £1500 too!

Use normal precautions, as you would with any car.
OK, but when i was looking to spend £5k i still ended up driving all over the country to look at mis-described crap. I really wanted a nice early 1600 Mk1 but simply never found one in good condition.

I guess it depends how much time and money one wants to spend looking.
Well, I've got a really early '89 model, 120'000km (80k miles), we've had it since import in 2002, clean, tidy, new roof three weeks ago, runs quietly and cleanly, no rust, and was fully re-sprayed last year. Completely standard, no modifications apart from the centre boot light is re-wired as a fog light/brake light. Going rate would be around £1500.

S'not for sale though!

JQ

5,971 posts

185 months

Tuesday 1st December 2009
quotequote all
I've switched from a 3yr old 330d MSport, which I'd had from new to a 1998 MkII 1.8. Absolutely love the upgrade, the 5 has so much more character and whilst the BMW had every toy immaginable I really don't miss them. The BMW was a great drive and very very fast, but with the 5 you feel so much more part of the experience. Even the lock on my 5 freezing this morning didn't bother me, nor me ripping a wiper blade on the frozen windscreen this morning - it just gave me an excuse to have a browse on MX5Parts.com. A new wiper blade will be arriving tomorrow and I'm now contemplating a K&N Typhoon, must resist, must resist!

Risotto

3,929 posts

218 months

Wednesday 2nd December 2009
quotequote all
I’m not really a fan of finance so the cash I have available to spend on a car can vary wildly depending on where we’re living, what holidays we’ve booked, etc. As a result, I quite often upgrade, then downgrade, then upgrade, etc.

Yes, compared to most cars, an MX-5 is slow but in terms of fun it’s on a par with far more expensive stuff. Personally, I’ve always found having to ‘downgrade’ to an MX-5 is always a welcome change, regardless of what it replaces!

It's a nice feeling to have a car that's stupidly reliable and great to drive but that doesn't have the downsides of more expensive cars - no need to worry about where you park it, no need to keep a few grand spare to cover unexpected bills, no eye-watering service costs or over-priced parts, etc

All I’d say is that, at least where the Mk1 is concerned, the mpg isn’t particularly good for such a light, underpowered car.


Edited by Risotto on Wednesday 2nd December 11:45

GravelBen

15,858 posts

236 months

Wednesday 2nd December 2009
quotequote all
Risotto said:
All I’d say is that, at least where the Mk1 is concerned, the mpg isn’t particularly good for such a light, underpowered car.
scratchchin

I suppose you're right, don't think I've had more than 35mpg from my '89 Mk1. Worst (/best) I've had was 16mpg wink on track.