Is bangernomics/shedding for me?
Discussion
I've been thinking of selling my car. It's a 2017 1.4 TSI SEAT Leon and has just ticked over 35k miles. I bought it a couple of years ago as I needed something comfortable and economical for commuting - I was commuting about 100 miles a day. I've been working from home since March last year and this won't change for the rest of this year. Next year, we'll be making a return to the office but I've been told that I probably won't need to go in that often - as long as the work gets done then it doesn't matter where I am. It feels like a lot of car to be sitting around most of the time.
My local SEAT dealer has offered me £10k for my car - either part exchange or sell it and walk away. I'm not sure whether to keep the car and run it into the ground. I'm tempted to sell it and use the money for other things, and buy something sub-£1k as a runabout.
Has anyone else on here done something similar as a result of the pandemic? Would appreciate people's views and experiences.
My local SEAT dealer has offered me £10k for my car - either part exchange or sell it and walk away. I'm not sure whether to keep the car and run it into the ground. I'm tempted to sell it and use the money for other things, and buy something sub-£1k as a runabout.
Has anyone else on here done something similar as a result of the pandemic? Would appreciate people's views and experiences.
lord trumpton said:
cut it loose whilst used values are strong and if you need one buy a banger till next year and make a decision then when used values will have corrected
Sell high buy low etc
Thank you. The dealer originally offered £9,500. Once they saw the car, they upped the offer to £10k. They also said that the used market is really strong at the moment.Sell high buy low etc
As others have said, defo sell it now. Used car prices are higher than they were a year or so ago due to a reduction in new car manufacture, I understand.
As for shedding - if you buy a cheap car eg a Civic 1.6, it should be fine, costs should be low. I have shedded a Golf 1.6, a Volvo 2.4T (that was lucky), an MGF and a Mercedes diesel. They're all worth £1k or less and apart from the annual £500 fix are fine - this is a more than acceptable cost as I'd probably still pay that if I bought a £5k car.
As for shedding - if you buy a cheap car eg a Civic 1.6, it should be fine, costs should be low. I have shedded a Golf 1.6, a Volvo 2.4T (that was lucky), an MGF and a Mercedes diesel. They're all worth £1k or less and apart from the annual £500 fix are fine - this is a more than acceptable cost as I'd probably still pay that if I bought a £5k car.
Hoofy said:
As others have said, defo sell it now. Used car prices are higher than they were a year or so ago due to a reduction in new car manufacture, I understand.
As for shedding - if you buy a cheap car eg a Civic 1.6, it should be fine, costs should be low. I have shedded a Golf 1.6, a Volvo 2.4T (that was lucky), an MGF and a Mercedes diesel. They're all worth £1k or less and apart from the annual £500 fix are fine - this is a more than acceptable cost as I'd probably still pay that if I bought a £5k car.
This is a good point and ties in with another thread about big bills!As for shedding - if you buy a cheap car eg a Civic 1.6, it should be fine, costs should be low. I have shedded a Golf 1.6, a Volvo 2.4T (that was lucky), an MGF and a Mercedes diesel. They're all worth £1k or less and apart from the annual £500 fix are fine - this is a more than acceptable cost as I'd probably still pay that if I bought a £5k car.
I've just had to spend out over £2k on my Astra (I could have avoided some of that cost, but am doing it properly) which is painful, but... I got the car for a steal at £3k whereas similar cars, now 18 months later are going for £7k or more! I have to keep reminding myself of that!
CrippsCorner said:
Hoofy said:
As others have said, defo sell it now. Used car prices are higher than they were a year or so ago due to a reduction in new car manufacture, I understand.
As for shedding - if you buy a cheap car eg a Civic 1.6, it should be fine, costs should be low. I have shedded a Golf 1.6, a Volvo 2.4T (that was lucky), an MGF and a Mercedes diesel. They're all worth £1k or less and apart from the annual £500 fix are fine - this is a more than acceptable cost as I'd probably still pay that if I bought a £5k car.
This is a good point and ties in with another thread about big bills!As for shedding - if you buy a cheap car eg a Civic 1.6, it should be fine, costs should be low. I have shedded a Golf 1.6, a Volvo 2.4T (that was lucky), an MGF and a Mercedes diesel. They're all worth £1k or less and apart from the annual £500 fix are fine - this is a more than acceptable cost as I'd probably still pay that if I bought a £5k car.
I've just had to spend out over £2k on my Astra (I could have avoided some of that cost, but am doing it properly) which is painful, but... I got the car for a steal at £3k whereas similar cars, now 18 months later are going for £7k or more! I have to keep reminding myself of that!
I'd guess based on my own experience that you shouldn't have to spend £2k again for another couple of years.
Also, one thing about £1k sheds is that you just leave some stuff unfixed. For instance, my handbrake light won't go off BUT it's passed the MOT fine. I just doublecheck when I put the handbrake on or off! Stereo broken? Replace with a £20 ebay jobbie rather than visit Mercedes to buy a £500 replacement! Sunroof not working? Tough.
Edited by Hoofy on Friday 16th July 13:35
This is proper man maths at its finest.
Let's assume that if you kept your 2017 car worth 10k, it would be on its last legs in 12 years because you do the miles. And be worth say £1000.
Now let's assume you can on average get 2 years out of a £1000 car.
Let's assume that repairs and servicing are similar to what you spend now.
So if all goes to plan over the next 12 years, you will have the pleasure of 6 different sheds, and spent £6k. You'll be £4k up on the deal?
The great thing about shedding is that if a big bill comes your way, you can swerve it. Can't do that with a £10k car out of warranty, with a major fault. You end up forking out £3k whereas with shedding you are on to the next.
So what to look for?
My last 2 sheds ? I was on Gumtree, I was looking at cars under £1500 and sorting on distance from me.
1 mile away was a 12 year old Astra sport with low miles for under a grand. Paid a deposit within the hour. Sold it a year later for the same price on Gumtree within a day. Because I'd found the shed of my dreams (3.2 omega) on Autosh!te.com for less money. 5 years later I still have it.
Let's assume that if you kept your 2017 car worth 10k, it would be on its last legs in 12 years because you do the miles. And be worth say £1000.
Now let's assume you can on average get 2 years out of a £1000 car.
Let's assume that repairs and servicing are similar to what you spend now.
So if all goes to plan over the next 12 years, you will have the pleasure of 6 different sheds, and spent £6k. You'll be £4k up on the deal?
The great thing about shedding is that if a big bill comes your way, you can swerve it. Can't do that with a £10k car out of warranty, with a major fault. You end up forking out £3k whereas with shedding you are on to the next.
So what to look for?
My last 2 sheds ? I was on Gumtree, I was looking at cars under £1500 and sorting on distance from me.
1 mile away was a 12 year old Astra sport with low miles for under a grand. Paid a deposit within the hour. Sold it a year later for the same price on Gumtree within a day. Because I'd found the shed of my dreams (3.2 omega) on Autosh!te.com for less money. 5 years later I still have it.
Thanks for the replies. It'll be nice not to worry about dirt, dents and scratches anymore. No more endless driving around car parks looking for a safe place to leave the car. No more giving a hoot about the fine print on insurance policies - just the cheapest legal cover will do.
With stone chips declared - WBAC offered £10,500 and WWAC offered £10,600. My local Bassetts Honda dealer offered £10,500 but they'd need to see the car to verify its condition as there wasn't an option to declare damage.
What should I look for as a replacement? Would Japanese be the way to go? Would £1,500 be too much or should I keep it to under £1,000?
Funnily enough, the car did throw a wobble when it was under warranty. It made this strange noise when it was unlocked. Dealer A couldn't trace the problem so I took it to another dealer (B). The warranty was coming to an end and so I asked dealer A what they would do to help if dealer B found the cause of the problem but it was after the warranty expired. Dealer A said they'd offer a goodwill gesture of a repair up to 6 months outside of warranty. Dealer B found the problem and just before the 6-month goodwill period ended - it was the turbo. Extended warranty wouldn't replace the turbo as it hadn't failed - dealer B's argument to them that it was failing but extended warranty still said no. Dealer A replaced the turbo at no cost to me - brand new part with warranty. Dealer B wanted £1,600 for the job. If it wasn't for dealer A, I would have been £1,600 out of pocket.
With stone chips declared - WBAC offered £10,500 and WWAC offered £10,600. My local Bassetts Honda dealer offered £10,500 but they'd need to see the car to verify its condition as there wasn't an option to declare damage.
What should I look for as a replacement? Would Japanese be the way to go? Would £1,500 be too much or should I keep it to under £1,000?
Funnily enough, the car did throw a wobble when it was under warranty. It made this strange noise when it was unlocked. Dealer A couldn't trace the problem so I took it to another dealer (B). The warranty was coming to an end and so I asked dealer A what they would do to help if dealer B found the cause of the problem but it was after the warranty expired. Dealer A said they'd offer a goodwill gesture of a repair up to 6 months outside of warranty. Dealer B found the problem and just before the 6-month goodwill period ended - it was the turbo. Extended warranty wouldn't replace the turbo as it hadn't failed - dealer B's argument to them that it was failing but extended warranty still said no. Dealer A replaced the turbo at no cost to me - brand new part with warranty. Dealer B wanted £1,600 for the job. If it wasn't for dealer A, I would have been £1,600 out of pocket.
Edited by thatsanicebrew on Friday 16th July 23:32
What car should you buy?
Something with 4 wheels, 5 seats, 5 doors and an MOT that has been looked after.
Mk5 Astra?
Mk2 Focus?
Look for badly advertised cars in shop windows.
Facebook selling groups, Gumtree, the local free paper. The notice board at work.
Don't focus on any particular car or brand our trim level. Just go on condition and if it has the space.and power you want. Ignore fashion. Avoid cars that appeal to youngsters. Avoid anything with modification, adverts with text spk
Something with 4 wheels, 5 seats, 5 doors and an MOT that has been looked after.
Mk5 Astra?
Mk2 Focus?
Look for badly advertised cars in shop windows.
Facebook selling groups, Gumtree, the local free paper. The notice board at work.
Don't focus on any particular car or brand our trim level. Just go on condition and if it has the space.and power you want. Ignore fashion. Avoid cars that appeal to youngsters. Avoid anything with modification, adverts with text spk
Shedding only works properly if you do most of the maintenance and repairs yourself IMO.
Sisters 06 Focus holed a coolant hose where it went over the spigot.
Took 10 mins all in and cost nothing to find it, cut 2 inches off the hose, reattach it and top the coolant back up.
If you're dropping it into a garage everytime something like that happens then I can see why people get £200pm new lease cars.
Sisters 06 Focus holed a coolant hose where it went over the spigot.
Took 10 mins all in and cost nothing to find it, cut 2 inches off the hose, reattach it and top the coolant back up.
If you're dropping it into a garage everytime something like that happens then I can see why people get £200pm new lease cars.
Edited by ChocolateFrog on Saturday 17th July 08:07
ChocolateFrog said:
Shedding only works properly if you do most of the maintenance and repairs yourself IMO.
Sisters 06 Focus holed a coolant hose where it went over the spigot.
Took 10 mins all in and cost nothing to find it, cut 2 inches off the hose, reattach it and top the coolant back up.
If you're dropping it into a garage everytime something like that happens then I can see why people get £200pm new lease cars.
Always found it strange listening to people who have to take sheds to a garage to have them fixed for every little fault. Or spend £200 getting it serviced.Sisters 06 Focus holed a coolant hose where it went over the spigot.
Took 10 mins all in and cost nothing to find it, cut 2 inches off the hose, reattach it and top the coolant back up.
If you're dropping it into a garage everytime something like that happens then I can see why people get £200pm new lease cars.
Edited by ChocolateFrog on Saturday 17th July 08:07
Shedding has always made sense to me. At one time I had a 130mile round trip commute and was still shedding.
Over 10 years I've had...
Mondeo Mk3
Fiesta 1.4
Mercedes C180
Saab 93
Rover 25
No major money spent other than tyres and MOT's. If anything major broke the car was sold as is on eBay.
Over 10 years I've had...
Mondeo Mk3
Fiesta 1.4
Mercedes C180
Saab 93
Rover 25
No major money spent other than tyres and MOT's. If anything major broke the car was sold as is on eBay.
I'd be looking for something like the Astra as you'll get a newer shape for sensible money & they're a reliable buy:
https://www.autotrader.co.uk/car-details/202104302...
https://www.autotrader.co.uk/car-details/202106304...
https://www.autotrader.co.uk/car-details/202104302...
https://www.autotrader.co.uk/car-details/202106304...
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