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Jan 29, 2013 19:22:00 GMT
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I'll check out the forum , i've never been in debt for a car (25 years driving), never paid over £1500 for a car, (except for a few yank muscle cars i owned), Bangeromics has never worked for me though as i've always tinkered with cars (wheels, lowering etc), never bought a car then ran it into the ground, always lost on the sale of cars or just broke even, i'd rather buy and run an older/interesting car and spend money improving and maintaining it over a couple of years than waste more than that on depretiation/dealer servicing costs with some bland anonymous modern blob. My current daily is a 98 BMW 728i, bought just over a year ago for £800, probably spent a grand on it since on improvements/repairs and maintenance, would get no where near what i've put into it if i sold it, do i care ?, no ;D
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72 Pontiac Firebird Formula 400. 95 BMW E34 525i Manual. 80 Lotus Elite, sold 86 Mk4 Escort RWD V8, sold
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Jan 29, 2013 19:50:07 GMT
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my corsa was bought n delivered to my house for £150 paid someone to fix few bits (+100) paid for m.o.t (+30) and had it taxed all for under £350 n i plan on running it for along as i can because its my 1st car another example iv got my 1987 polo for 180 spent £20 on parts so at 200 n looking at another 100 or so to get it m.o.t ready so it will be under 500: if ur prepared to put some work in they're are good bargins out they're
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Murph
Part of things
Posts: 132
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Jan 29, 2013 20:13:04 GMT
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I'll sign up. I bought two almost identical cars for a total of £230 in 09 and made a good one out of two. Mind you I could have easily saved them both but I only had room for one.
I still have the keeper and it will be with me for many years to come.
I may have spent £200 on it in that time - I can usually get the parts I need for pennies.
Bangernomics in action!
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tubbs
Part of things
Posts: 59
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Jan 29, 2013 20:23:59 GMT
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2 grand ! Bloody hell thats a lot of cash. I certainly wouldn't call that a banger. But i will certainly have a look at the new site. My merc vito, 2.0 petrol, mot fail. Solved for under £100 chucked an LPG system that i had on my previous 2 cars and have run it happily for well over a year. Just sold it for £1100. But the gas kit stays on, so i would need a new kit for the next motor... May actually spend over a grand on the next one....
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Jan 29, 2013 20:25:23 GMT
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I paid £750 for my daily with a years mot and 6 months tax two years ago and I don't consider that to be a banger by a long shot. If I did pay £750 for a banger let alone 2k I would have to give myself a good telling off lol
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Jan 29, 2013 20:35:54 GMT
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2k is a proper pricey car to me , iv run a £400 micra for 8 year and many others along side and not had a 2 grand to keep car for 20 years out of choice . a grand sound tops money and i will still aim to be under 500 , i like the idea though and will sign up soon as it will le me
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sorry i cant spell
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VIP
South East
Posts: 8,293
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Jan 29, 2013 21:01:27 GMT
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A quick trawl through completed eBay sales under 2 grand revealed a decent bunch of cars around 6 years old.
That simply isnt bangernomics.
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bazzateer
Posted a lot
Imping along sans Vogue
Posts: 3,653
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Jan 29, 2013 21:02:45 GMT
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Paid £700 nearly two years ago for a B4 Passat TDi estate with just 92k on it. Scruffy but solid. Been running it on 80% veggie oil and 20% diesel ever since getting about 50mpg from mixed driving. Probably spent about £300 in parts on it. Even washed it a couple of times! Will keep it until it costs too much to Mot or until I see something else I want for under £1,000 - always looking you see!?)
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Last Edit: Jan 29, 2013 21:03:03 GMT by bazzateer
1968 Singer Chamois Sport 1972 Sunbeam Imp Sport 1976 Datsun 260Z 2+2 1998 Peugeot Boxer Pilote motorhome 2003 Rover 75 1.8 Club SE (daily) 2006 MG ZT 190+ (another daily) 2007 BMW 530d Touring M Sport (tow car)
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jo0lz
Part of things
FucT FiAT
Posts: 321
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Jan 29, 2013 23:39:34 GMT
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Have to agree with others that £2k is not BanGeR terrritory We paid £1800 for SAAB 900 'vert [was well over the odds at the time] and I DO NOT see it as a BanGeR!! BaNGeRs are £500 or less Last banger I bought where an'89 FIAT UNO with 6 weeks MOT for £50 Then a '93 FIAT UNO with 6 months MOT and blown head for £70 These two created one useable UNO that went from Liverpool to Lisbon. Portugal and back and got through another MOT and kept running for another year before clutch/gearbox problems and rust meant I weighed it in and got £50 back THAT is BaNGeR-NoMiCs
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Last Edit: Jan 29, 2013 23:40:24 GMT by jo0lz
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stealthstylz
Club Retro Rides Member
Posts: 14,841
Club RR Member Number: 174
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Jan 29, 2013 23:50:45 GMT
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I always was under the assumption that bangernomics was about risk free motoring I.e. you buy cars that are <£500 so that in the event of an expensive failure/repair being required you can sell a few bits off if, weigh the rest in and lose a small amount of money. A 2 grand car is right in the wrong price range for a car to be to fit the bangernomics principle as it is too expensive to write off if something catastropic goes wrong.
Say you buy a car for 2 grand. 18 months down the line something breaks and you're faced with a 500 quid repair bill. The car in GWO is now only worth 12-1500 quid due to depreciation. You can't just scrap it, as then you're 2 grand down, but if you repair it you've then got 2 1/2 large in a car that's worth £12-1500, so you're still a grand down.
Bangernomics is always about buying cars at the bottom of their depreciation cycle. Most cars with MOT and tax don't go much below £400, but aslong as you keep them MOT'd and taxed they'll be worth £400 if you want to sell. If something breaks and its a big repair bill you'd get at least £200 back from weighing it in, and if you pull a few bits off first its easy enough to at least break even and usually turn a profit on them.
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The theory behind buying my Allegro was it would be cheap to run (as in cheap tax bracket, laughably low insurance, and not too bad on fuel), and cost less than £200 (without T or T though). It seemed sound when I looked over it, and worst case the head was worth £200 to me if I decided to slap it on the rough running Metro. Of course, this was all based on not being able to get to the bottom of my Metro spitting the driveshaft at the inner CV, a fault I eventually traced back to a failed engine mount about a week after buying the lemon. Such is life..
2k is more than I paid in total for my entire "fleet" - Triumph 1500TC (£25), mk2 Midget (£540 - The most I've ever paid for a car), 89 Metro GTa (£200), Morris Minor pickup (free, but shedloads for the rough n ready driveway resto process), and the toxic lemon (£175). To be fair, only one of those came to me with MOT (the Midget, which still was only 500 quid, but quite poorly). But the Metro only took a couple of days and not too much cash to get on the road, the Triumph was similar (oh to have those days again, instead of 6 years of damp garage rust rotting it away), and the lemon needed what I call true bangernomics to get through the test - A bit of expoxy to glue the broken wiper stalk back in, some careful drilling and soldering to make it work, and a Metro middle box welded on where the back box used to be.
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I had to set a limit that's the uppermost limit i would much rather have members joining who had spent as little as possible on their cars Please try not to focus on the £2k if you buy and run cars for £500,£250,£100,£50 then its for you ;D The important thing is the Forum was dying due to its poor layout and being hidden behind the sofa next to Jesus methinks but now hopefully like a phoenix from the ashes it will rise again ;D So with that in mind ill rephrase things and say if you run a banger please come and check us out when we return on Friday The £2k thing isn't written in blood or carved in stone its just a maximum cut off point for us to work to and to be honest id be surprised if any of our members even own a car worth £1.5k Lets get back to the topic that the forum exists and we would love anybody to join who runs or is interested in bangers Jodie
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squonk
Part of things
Posts: 858
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I'd be inclined to re-focus the way you are publicising it then. Mentioning the £2k value seems to have elicited a huge amount of negative response, probably even to the point of putting people off of joining. In fact I suspect that it puts doubt into many peoples minds that you really understand the concept of bangernomics.
If I were in your position I'd be asking a forum moderator to pull this thread completely and then I'd start all over again.
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2004 Chevrolet Avalanche Z71 2005 Mercedes CLK320 Cabriolet 1996 Mercedes C180 Elegance Auto Saloon 1996 Rover 620Ti (Dead fuel pump) 1992 Toyota HiLux Surf 1987 Range Rover Vogue (Rusty) 1992 Range Rover Vogue SE (More Rusty) 2006 Chrysler Grand Voyager 2008 Corsa 1.4 Design
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fred
Posted a lot
WTF has happened to all the Vennies?
Posts: 2,957
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In fairness I guess the 2k limit is being overdone here I said my piece earlier on in the thread, but reading all the posts the emphasis is stuck on this 2k thing. forget the 2k thing, to a fair few folk like above, my mother n step dad would baulk a a 2k car and a fair few of my work mates would too, they go into finance n buy nearly new. As they are not car nuts, If your not interested in maintaining cars and just want to use them as a tool, like many do then you buy as new as you can afford, you wont see them on this or any other related site. But for the rest of the sane population who love their cars be it £100 or whatever Give it a chance, any site promoting good ole retros whatever they may be deserves a running start, after all, we are the greenest most recyclable lot of all government really ought to give us a grant for keeping the world green!!
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'79 Cossie ran Cortina - Sold
2000 Fozzer 2.0 turbo snow beast
'85 Opel Manta GSI - Sold
03 A class Mercedes
Looking for a FD Ventora - Anyone?
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squonk
Part of things
Posts: 858
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But how many hours do you have to work to earn $3000? A quick check on the net shows equivalent Australian salaries in like for like jobs to be nearly double that of UK salaries. Its not just as simple as a currency conversion.
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2004 Chevrolet Avalanche Z71 2005 Mercedes CLK320 Cabriolet 1996 Mercedes C180 Elegance Auto Saloon 1996 Rover 620Ti (Dead fuel pump) 1992 Toyota HiLux Surf 1987 Range Rover Vogue (Rusty) 1992 Range Rover Vogue SE (More Rusty) 2006 Chrysler Grand Voyager 2008 Corsa 1.4 Design
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VIP
South East
Posts: 8,293
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But how many hours do you have to work to earn $3000? A quick check on the net shows equivalent Australian salaries in like for like jobs to be nearly double that of UK salaries. Its not just as simple as a currency conversion. It's academic anyway, the forum is based around a UK community, you can't start comparing the price of cars in other countries and then apply them to a 'formula' designed for the UK market.
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squonk
Part of things
Posts: 858
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It's academic anyway, the forum is based around a UK community, you can't start comparing the price of cars in other countries and then apply them to a 'formula' designed for the UK market. Why so? surely people in other countries that run cars on the Bangernomics principle should be allowed to join. I would find it very interesting to see how people outside the UK do this in comparison with ourselves.
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2004 Chevrolet Avalanche Z71 2005 Mercedes CLK320 Cabriolet 1996 Mercedes C180 Elegance Auto Saloon 1996 Rover 620Ti (Dead fuel pump) 1992 Toyota HiLux Surf 1987 Range Rover Vogue (Rusty) 1992 Range Rover Vogue SE (More Rusty) 2006 Chrysler Grand Voyager 2008 Corsa 1.4 Design
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fred
Posted a lot
WTF has happened to all the Vennies?
Posts: 2,957
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It's academic anyway, the forum is based around a UK community, you can't start comparing the price of cars in other countries and then apply them to a 'formula' designed for the UK market. Why so? surely people in other countries that run cars on the Bangernomics principle should be allowed to join. I would find it very interesting to see how people outside the UK do this in comparison with ourselves. I as-well after watching that old top gear US special about buying Yanky motors for less than a grand, and finding how hard it was I would be intrigued to see how overseas retro fans get on with theirs
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'79 Cossie ran Cortina - Sold
2000 Fozzer 2.0 turbo snow beast
'85 Opel Manta GSI - Sold
03 A class Mercedes
Looking for a FD Ventora - Anyone?
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fred
Posted a lot
WTF has happened to all the Vennies?
Posts: 2,957
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Could be an interesting thread actually what car COULD you get for a grand in say Poland - France - US - etc
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'79 Cossie ran Cortina - Sold
2000 Fozzer 2.0 turbo snow beast
'85 Opel Manta GSI - Sold
03 A class Mercedes
Looking for a FD Ventora - Anyone?
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