Conference terri::cars_uk

1146.0. "The end of the UK Car Scheme" by HAMPS::WILSON_D (string) Tue Jul 10 1990 15:53

    For me the Digital Lease Scheme is about to end - I am in the process 
    of accepting the redundancy plan. One of the elements of this is that 
    I hand back my leasemobile in early October. 
    
    
    Perhaps the great and the good experts in this conference could give 
    some thought to my problem - how do I replace it and where do I buy 
    it ( auction / second hand dealer / local ads) ? 
    
    Here are some guidelines.
    
    1. The DGP ( Digital Goodbye Plan ) is quite generous, so initial 
    outlay is not a major problem. Assume not in excess of �6 K.
    
    2. I plan to get a job which has a company car - so whatever I buy 
    may need to be sold a few months after purchase. It should be 
    sellable easily and quickly, with minimum loss on outlay. In fact the 
    key factor is avoiding a loss on sale over a few months.
    
    3. Ideally the car should have minimal cost during ownership. I do 
    not wish to spend time underneath it or taking it to the garage.
    
    4. The current leasemobile is an XJ6 - I am not looking to continue 
    in that excellent style. Something way down market is acceptable. 
    Family is wife + 12 year. Wife has Renault 5 Campus - used for her 
    business so I need my own !
    
    
    5. In the circumstances luxury and performance are not key 
    requirements. On the other hand I do not want a rust heap.
    
    
    David

    Hello Dave,
    
    I would have thought a low milage D/E registration Volkswagen would 
    represent the least depreciation for a solidly built car.
    
    If you get a newer car, the depreciation may be more noticable.

    Good luck.
    Rob.

    If you are mechanically minded and have your wits about you then a car
    auction is a good bet for cheap reliable transport. plenty of
    ex-company cars about in the cavalier/sierra class. Best advice is to
    go during daytime in the week when the place is full of dealers and the 
    prices will be consistent. (A lot of public = higher prices)
    
    I bought a car at auction, had it for 15 months did 23,000 miles and
    sold it privately for only �600 less than I paid for it.
    
    Huw.   

    You've timed it well. New, and even more so, used car prices are
    at record low levels at present. It's a buyers market.
    
    -John