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CMI-Cars
Joined: 21 Dec 2009
Posts: 76
Location: Denmark
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 Posted: Mon Jan 11, 2010 7:14 pm Post subject: How do you finance your cars? |
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Just wonderd how people finance there classic cars?
Specilly thoose there have more then one.
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1938 Ford 10 7W
1948 Ford Anglia E04A
1949 Ford Prefect E493A
1950 Ford Prefect E493A
1952 Ford Anglia E493A
1953 Volvo PV 831
3x1953 Ford Anglia E493A
3x1954 Ford Popular 104E
1955 Ford Popular 104E
1956 Ford Popular 104E
www.cmi-cars.com |
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Rick
Site Admin
Joined: 27 Apr 2005
Posts: 22780
Location: UK
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peter scott
Joined: 18 Dec 2007
Posts: 7211
Location: Edinburgh
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| Posted: Mon Jan 11, 2010 8:00 pm Post subject: |
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Here in the UK older cars are exempt from road tax, and insurance companies correctly assume that owners drive them fairly carefully and don't cover very high milages so premiums are low. I think I pay about £90 for fully comprehensive on the old Jag.
OK, it costs a bomb in petrol at 18 mpg but that's a discretionary cost.
The only other compulsory cost is the annual MOT test which is about £50.
Peter
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https://www.nostalgiatech.co.uk
1939 SS Jaguar 2 1/2 litre saloon |
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mid
Joined: 10 Jun 2008
Posts: 136
Location: Northampton
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| Posted: Mon Jan 11, 2010 8:30 pm Post subject: |
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mine still work for a living!
www.idocars.co.uk |
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peppiB
Joined: 30 Jun 2008
Posts: 686
Location: Newcastle upon Tyne
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| Posted: Mon Jan 11, 2010 8:46 pm Post subject: |
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I don't run a modern one (just the 3classics)  |
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Phil - Nottingham
Joined: 01 Jan 2008
Posts: 1252
Location: Nottingham
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| Posted: Mon Jan 11, 2010 9:47 pm Post subject: |
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I too only run classics (and my wife) so no finance required - quids in even with extra petrol costs
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Rover P2
Rover P4
Rover P5 & P5B
Land Rover S2 & S3
Morris Mini Traveller Mk2 |
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gresham flyer
Joined: 06 Sep 2008
Posts: 1435
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| Posted: Tue Jan 12, 2010 1:28 pm Post subject: |
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[url] [/url]
To keep cost`s down I restore my vehicles myself.(Self Taught)
I carry out any running repairs. 
I have dismantled many cars giving me spares to last a lifetime. 
About 20 years ago I built a proper workshop at my property,if I give up my hobby when old, it will make a good annexe to my house.a sound investment.
I heat it with a good woodburner (free wood everywhere),I constructed a pit,(you can`t carry out restorations without one)good lighting and electrics,white painted walls and painted floor.
Make proper workbenches,storage racks etc. Make a scale version of a profesional workshop and your laughing.
If you spend a lot of time in your workshop make it like your home,I am warm, dry, making jobs a pleasure. 
You won`t find me trawling the high streets on a saturday buying the latest fashions, wasting my money, but visiting a autojumble maybe Ha Ha.!!!
Jaguar and MGA enthusiast. |
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Ashley
Joined: 02 Jan 2008
Posts: 1426
Location: Near Stroud, Glos
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| Posted: Tue Jan 12, 2010 3:41 pm Post subject: |
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I do as much of the work as I can myself and that excludes re-boring crank grinding but including engine building and I can't weld or respray or do the more complex trim work, so have to pay the son.
Rebuild take time and so spread out the big payments
I have a Bentley MKVI and a Bristol 400
Ash
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lowdrag
Joined: 10 Apr 2009
Posts: 1600
Location: Le Mans
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| Posted: Tue Jan 12, 2010 8:28 pm Post subject: |
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Frankly, following the financial world problems, with difficulty and I reckon one will have to go out of the three. Out of interest, which would you sell:-
1. Lynx short nose D-type
2. Flat floor E-type roadster 1961
3. Long nose, long tail 1952 Le Mans C-type replica. |
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clan chieftain
Joined: 05 Apr 2008
Posts: 2041
Location: Motherwell
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| Posted: Tue Jan 12, 2010 8:49 pm Post subject: |
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Finance for me is ok . I run a cheapie, I dont think I could run a top of the range classic costing fortunes. 
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The Clan Chieftain |
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Salopian
Joined: 05 Jan 2010
Posts: 354
Location: Newport Shropshire
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| Posted: Wed Jan 13, 2010 12:43 am Post subject: |
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Cash only - its a hobby so why pay twice in the sense of capital and interest.
I'd rather and do run an ancient heap every day but spend on my fun cars.
I'd never finance a car of any sort - just makes no sense. No critism of those that do as each to their own.
JB
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Jonathan Butler
Alvis SD 12/50 1928 MG TD 1950 |
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Salopian
Joined: 05 Jan 2010
Posts: 354
Location: Newport Shropshire
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| Posted: Wed Jan 13, 2010 12:47 am Post subject: |
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Yes I know should be criticism - its them dang fingers--
Still saving is king!
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Jonathan Butler
Alvis SD 12/50 1928 MG TD 1950 |
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buzzy bee
Joined: 23 Nov 2007
Posts: 3382
Location: South Cheshire
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| Posted: Wed Jan 13, 2010 1:12 am Post subject: Re: How do you finance your cars? |
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| CMI-Cars wrote: | Just wonderd how people finance there classic cars?
Specilly thoose there have more then one. |
What about yourself?
I just work very hard!
Oh, and don't drink, smoke, or have a girlfriend!  |
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clan chieftain
Joined: 05 Apr 2008
Posts: 2041
Location: Motherwell
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| Posted: Wed Jan 13, 2010 9:35 am Post subject: |
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So you are married then.
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The Clan Chieftain |
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Brian M
Joined: 23 Nov 2007
Posts: 783
Location: Leigh-on-Sea, Essex
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| Posted: Wed Jan 13, 2010 10:10 am Post subject: |
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| lowdrag wrote: | Frankly, following the financial world problems, with difficulty and I reckon one will have to go out of the three. Out of interest, which would you sell:-
1. Lynx short nose D-type
2. Flat floor E-type roadster 1961
3. Long nose, long tail 1952 Le Mans C-type replica. |
Not that I am ever likely to own such valuable vehicles, it would have to be the Lynx as the E-Type has real pedigree, and the long-tail is a unique re-creation that will be a delight for us enthusiasts to see in action.
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Brian
1970 Volvo Amazon and 1978 Safari 15-4 Caravan
Classic Safari Forum: www.classicsafaris.co.uk |
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