Car Choice: No need to borrow when there are bargain bangers about

After previously living one mile from work, Andrew Knox now has a 60-mile round trip. He tells me that he intends to borrow against his offset mortgage, and pay off the interest and expected depreciation each month. He is budgeting on £250 per month for total purchase and running costs. He needs a reliable and safe hatchback.


A car for the head

As I often point out, depreciation is the biggest single cost of motoring – and that includes fuel. I don't like the idea of Andrew borrowing money when he should be embracing Bangernomics. I think Andrew, recently redundant, should save up and buy a cheap petrol car rather than borrow, and then worry about the monthly running costs. For instance a Toyota Corolla is an incredibly cheap and reliable car. For £795 he could get himself a 1998 1.3GS with just 54,000 miles and two previous owners. It has five doors, is in a low insurance group, and I predict that apart from fuel Andrew won't spend any more each month. Indeed, the 1.3 engine will return 41mpg, which is good enough for the commute. It's an ugly but hugely practical car.



A car for the heart

I know that Andrew wants a decent sound system, so I will make a CD player the bear minimum in his car for the heart. Again, I don't want Andrew to be locked into a monthly repayment cycle when there are so many great options out there. Another underrated and overlooked model is the Seat Cordoba, which has the advantage of proven Volkswagen technology wrapped up in a fairly boring saloon body. It is a solid and reliable package, which is perfect as an undemanding small family car. I looked at quite a few below £1,000 and although I could find models equipped with cheap luxuries such as air conditioning, there were only ancient radio/cassettes in the dashboard. However, you can buy new CD players for £50 so Andrew should not be too concerned. The smaller petrols will return around 36 mpg, while the noisy 1.9D will manage 48mpg. Starting at £695 there was a mixture of very clean petrols and diesels available. A 1999 example, with fresh MOT and a 1.4 engine that will return 38mpg seemed like a bargain at £695 and a brilliant new start for Andrew.

Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs General

    Jemma Gent: Year End Accountant

    £250-£300 Day Rate: Jemma Gent: Are you a qualified accountant with strong exp...

    Jemma Gent: Management Accountant

    £230 - £260 Day Rate: Jemma Gent: Do you want to stamp your footprint in histo...

    Beverley James: Accounts Payable

    £22,000 - £23,000: Beverley James: Are you looking for the opportunity to work...

    Beverley James: Accounts Assistant

    £30,000: Beverley James: A fantastic opportunity has arisen for a person looki...

    Day In a Page

    HIV pill: Scientists hail discovery of 'game-changer' that cuts the risk of infection among gay men by 86%

    Scientists hail daily pill that protects against HIV infection

    Breakthrough in battle against global scourge – but will the NHS pay for it?
    How we must adjust our lifestyles to nature: Welcome to the 'Anthropocene', the human epoch

    Time to play God

    Welcome to the 'Anthropocene', the human epoch where we may need to redefine nature itself
    MacGyver returns, but with a difference: Handyman hero of classic 1980s TV series to be recast as a woman

    MacGyver returns, but with a difference

    Handyman hero of classic 1980s TV series to be recast as a woman
    Tunnel renaissance: Why cities are hiding roads down in the ground

    Tunnel renaissance

    Why cities are hiding roads underground
    'Backstreet Boys - Show 'Em What You're Made Of': An affectionate look at five middle-aged men

    Boys to men

    The Backstreet Boys might be middle-aged, married and have dodgy knees, but a heartfelt documentary reveals they’re not going gently into pop’s good night
    Crufts 2015: Should foreign dogs be allowed to compete?

    Crufts 2015

    Should foreign dogs be allowed to compete?
    10 best projectors

    How to make your home cinema more cinematic: 10 best projectors

    Want to recreate the big-screen experience in your sitting room? IndyBest sizes up gadgets to form your film-watching
    Manchester City 1 Barcelona 2 player ratings: Luis Suarez? Lionel Messi? Joe Hart? Who was the star man?

    Manchester City vs Barcelona player ratings

    Luis Suarez? Lionel Messi? Joe Hart? Who was the star man at the Etihad?
    Arsenal vs Monaco: Monaco - the making of Gunners' manager Arsene Wenger

    Monaco: the making of Wenger

    Jack Pitt-Brooke speaks to former players and learns the Frenchman’s man-management has always been one of his best skills
    Cricket World Cup 2015: Chris Gayle - the West Indies' enigma lives up to his reputation

    Chris Gayle: The West Indies' enigma

    Some said the game's eternal rebel was washed up. As ever, he proved he writes the scripts by producing a blistering World Cup innings
    In Ukraine a dark world of hybrid warfare and murky loyalties prevails

    In Ukraine a dark world of hybrid warfare

    This war in the shadows has been going on since the fall of Mr Yanukovych
    'Birdman' and 'Bullets Over Broadway': Homage or plagiarism?

    Homage or plagiarism?

    'Birdman' shares much DNA with Woody Allen's 'Bullets Over Broadway'
    Broadchurch ends as damp squib not even David Tennant can revive

    A damp squib not even David Tennant can revive

    Broadchurch, Series 2 finale, review
    A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower: inside the mansion of Germany's 'Bishop of Bling'

    Inside the mansion of Germany's 'Bishop of Bling'

    A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower