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| Is owning your own vehicle cheaper than renting? https://www.taxi-driver.co.uk/phpBB2/viewtopic.php?f=8&t=29134 |
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| Author: | mrmajeika [ Sat May 07, 2016 9:40 pm ] |
| Post subject: | Is owning your own vehicle cheaper than renting? |
I am currently renting a car for £100 p/w plus insurance for £60. I have been thinking of getting my own car recently but I don't know if it works out cheaper. I am thinking of getting a 7 seater such as a Ford galaxy. I was looking on cab direct which have affordable weekly payments but is it worth buying a brand new car over maybe one that is a couple of years old and costs a lot less. I just don't know what my expenses will be with my own car. How much should I expect to spend a month on general maintenance? I just feel I can cut my expenses down with my own car but it's all guesswork and I would really appreciate some advice |
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| Author: | o-marek [ Sun May 08, 2016 5:00 am ] |
| Post subject: | Re: Is owning your own vehicle cheaper than renting? |
the first thing is your own insurance, check with your local broker how much it's gonna be for you. that what you pay for somebody's insurance is over 3k, seems a lot but it depends. your own might be even more, then calculate... |
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| Author: | Midlife martyr [ Sun May 08, 2016 9:59 am ] |
| Post subject: | Re: Is owning your own vehicle cheaper than renting? |
It depends as well what the Vechicle rent covers if ie does it include all maintenance and running costs ? |
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| Author: | aletank [ Sun May 08, 2016 10:04 am ] |
| Post subject: | Re: Is owning your own vehicle cheaper than renting? |
What car - Model/Year Mileage are you currently getting for £160 per week ? |
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| Author: | mrmajeika [ Sun May 08, 2016 10:27 am ] |
| Post subject: | Re: Is owning your own vehicle cheaper than renting? |
The £160 covers everything. It is a 56 reg mondeo done 280k miles. I could probably push them for a newer car but thinking a 7 seater will get me more takings |
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| Author: | wannabeeahack [ Sun May 08, 2016 10:59 am ] |
| Post subject: | Re: Is owning your own vehicle cheaper than renting? |
Can I get one please £160 is a bargain, just add fuel its £300 and up here no, buying your own will never be cheaper |
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| Author: | mrmajeika [ Sun May 08, 2016 11:30 am ] |
| Post subject: | Re: Is owning your own vehicle cheaper than renting? |
wannabeeahack wrote: Can I get one please £160 is a bargain, just add fuel its £300 and up here no, buying your own will never be cheaper Really? Manchester must be cheap then ha. If I was paying £300 a week I wouldn't see any profit. |
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| Author: | Midlife martyr [ Sun May 08, 2016 1:13 pm ] |
| Post subject: | Re: Is owning your own vehicle cheaper than renting? |
Is the £160 plus radio rent ? |
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| Author: | mrmajeika [ Sun May 08, 2016 1:43 pm ] |
| Post subject: | Re: Is owning your own vehicle cheaper than renting? |
Midlife martyr wrote: Is the £160 plus radio rent ? The radio is £100 on top |
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| Author: | superscot69 [ Sun May 08, 2016 4:09 pm ] |
| Post subject: | Re: Is owning your own vehicle cheaper than renting? |
Up here £275 a week includes all maintenance/ insurance /radio /data head including replacement tyres when needed .......most cars are fairly new from Toyotas to Skodas. |
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| Author: | mrmajeika [ Sun May 08, 2016 4:35 pm ] |
| Post subject: | Re: Is owning your own vehicle cheaper than renting? |
Ok so what I'm paying isn't bad then just it's an old car. Can anyone who has there own car shed some light on what the average weekly costs are to run. I.e maintenance, tyres general wear and tear that sort of thing |
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| Author: | Sussex [ Sun May 08, 2016 4:47 pm ] |
| Post subject: | Re: Is owning your own vehicle cheaper than renting? |
mrmajeika wrote: a 7 seater will get me more takings And lose you tonnes of old dear work. |
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| Author: | sasha [ Sun May 08, 2016 5:45 pm ] |
| Post subject: | Re: Is owning your own vehicle cheaper than renting? |
Putting your own car on will cost approx. £300 a week (rent, insurance, repayments, maintenance, licences etc.) If you rent it out to another driver you will get back whatever the going rate is round your area, say £150, so it then costs you £150 pw. |
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| Author: | wannabeeahack [ Sun May 08, 2016 6:58 pm ] |
| Post subject: | Re: Is owning your own vehicle cheaper than renting? |
sasha wrote: Putting your own car on will cost approx. £300 a week (rent, insurance, repayments, maintenance, licences etc.) If you rent it out to another driver you will get back whatever the going rate is round your area, say £150, so it then costs you £150 pw. plus the added wear and tear on the car cos a jockey wont give a toss about the car, only getting to a job then getting clear.... |
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| Author: | aletank [ Sun May 08, 2016 7:18 pm ] |
| Post subject: | Re: Is owning your own vehicle cheaper than renting? |
Say £6k for a car, should get 4 years out of it. So .... £30 depreciation a week which leaves £70 a week for repairs etc That's the way to think about it ! |
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