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Date: Fri, 15 Jul 2005 08:39:41 +0100
From: Grunff <grunffnospam.com>
Subject: Re: I'm very tempted.


James Sweet wrote: > Baffles me how cheap even projects can be, if that was left hand drive it'd > fetch $800-$1000 easy in my area, even in it's current condition. A car in > good cosmetic condition is worth that much even if the drivetrain is > completely shot. <rant> This is a quite sad side-effect of the current attitudes to second hand cars in the UK. Let me elaborate. First off, used car prices are low - really low. You can pick up really nice, well-running cars, with new MOTs (that's a roadworthyness certificate) for only a few hundred pounds. You can buy most 2-3 year old cars at 40-50% their initial sale price. This has come about largely because of a strong economy, and because everyone wants a new car. I am constantly amazed how much people spend on cars. I love cars and driving, but I'd never want to spend more than say 30% of my annual earnings on a car purchase. And yet I know many, many people who choose to spend 100-200% of their earnings on a car purchase (then complain about being broke). What's more, working on your own car has become an anathema to most people. In fact, most people are quite happy to admit that they would no longer change a wheel if they had a puncture - they'd wait for the AA to arrive and do it for them. 15 or 20 years ago, if you walked down the average suburban residential street (the kind of place I grew up) on a Sunday, you'd see a good few people working on their cars. You just don't get that today. So when a car reaches a point of requiring a few hundred £'s work just to get it back to being worth a few hundred £s, very few people would bother with it. </rant> -- Grunff

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