Early R8 running costs / budget
Discussion
After 10 years away from performance cars I’m looking to come back and the car I’ve fancied for many years is a Manual Coupe V8 R8. I’d be moving away from motorbikes which I’ve been using for last 15 years or so.
Always used to do well by buying cars at the bottom of their depreciation curve and getting the money back (or more) when I changed it. Feel they are a good buy currently at around £40k.
I’m not rich so I could do with an education from any owners on potential issues / running costs. I’ve read many threads and watched many videos and it seems very all or nothing.
Plan would likely be to buy at the top end of the early cars in order to get a low mileage / well maintained car rather than buy a dog and have to throw lots at it.
Car would be a second car / toy so likely cover 2-3k miles a year.
It would be really handy if someone kept a record of their running costs for one for some objective info. Assuming the car is purchased outright with no finance I need to understand if I can run one without impacting my life.
Always used to do well by buying cars at the bottom of their depreciation curve and getting the money back (or more) when I changed it. Feel they are a good buy currently at around £40k.
I’m not rich so I could do with an education from any owners on potential issues / running costs. I’ve read many threads and watched many videos and it seems very all or nothing.
Plan would likely be to buy at the top end of the early cars in order to get a low mileage / well maintained car rather than buy a dog and have to throw lots at it.
Car would be a second car / toy so likely cover 2-3k miles a year.
It would be really handy if someone kept a record of their running costs for one for some objective info. Assuming the car is purchased outright with no finance I need to understand if I can run one without impacting my life.
Thanks for the comprehensive reply.
Yes most of those I’m aware of but also learnt a bit too.
£40k is the number I’m expecting to spend should it happen.
Your costs so far are likely the lowest (I’ve had a few emails from members too ) but as you’ve said some of the items were done prior.
Insurance isn’t silly but isn’t cheap as I would be starting with no NCB so it’s around a £1k. Tax would only be for 6 months of the year.
Here comes the man maths …..
My aim …. Is my current car (new kuga) will be paid for in around 18 months. Once that is paid , likely use the monthly payment as a pot for running costs of a R8. Plus I’ll be selling two Ducatis which will free up another chunk each month which I currently pay for tyres/service etc. So maybe around £350-400 a month going into the pot for running costs of a R8. Pay for the R8 outright and bobs your uncle and it’s technically not cost anything …. Right?
Yes most of those I’m aware of but also learnt a bit too.
£40k is the number I’m expecting to spend should it happen.
Your costs so far are likely the lowest (I’ve had a few emails from members too ) but as you’ve said some of the items were done prior.
Insurance isn’t silly but isn’t cheap as I would be starting with no NCB so it’s around a £1k. Tax would only be for 6 months of the year.
Here comes the man maths …..
My aim …. Is my current car (new kuga) will be paid for in around 18 months. Once that is paid , likely use the monthly payment as a pot for running costs of a R8. Plus I’ll be selling two Ducatis which will free up another chunk each month which I currently pay for tyres/service etc. So maybe around £350-400 a month going into the pot for running costs of a R8. Pay for the R8 outright and bobs your uncle and it’s technically not cost anything …. Right?
Well…. as another poster mentioned man maths was deployed fairly early in this and now I’m actively looking for a car. Looked at a couple so far and it’s very obvious that some fell into the wrong hands.
One of my Ducatis sold in about a hour so that’s now gone so just another to sell but whilst that does I’m out there looking at cars. If the right one comes up I’ll have it.
Decided I want a white (or red maybe) manual V8 coupe with a few extras like sensors/cruise/ Carbon etc.
One of my Ducatis sold in about a hour so that’s now gone so just another to sell but whilst that does I’m out there looking at cars. If the right one comes up I’ll have it.
Decided I want a white (or red maybe) manual V8 coupe with a few extras like sensors/cruise/ Carbon etc.
I’m 1 year in now and apart from a coolant tank leak (£45) it’s been 100% reliable.
Spent a bit on an exhaust and a gearbox service (done myself) but apart from that it’s just been tax /ins and fuel.
The market has definitely changed but I still think the good ones are still worth very close to what I paid. There’s some cheap ones out there but not sure I’d go that route.
Spent a bit on an exhaust and a gearbox service (done myself) but apart from that it’s just been tax /ins and fuel.
The market has definitely changed but I still think the good ones are still worth very close to what I paid. There’s some cheap ones out there but not sure I’d go that route.
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