Re: [T3] One thing after another

[Russ wolfe <russella@prairieinet.net>]

On Mon, 2002-03-11 at 18:32, Andrew Davidson wrote:
> 
> ----- Original Message -----
> From: "Simon Glen" <simonglen@bigpond.com>
> T>
> > The other aspect of this is that to bring our cherished
> > vehicle up to scratch as he suggests will for most of us
> > cost a lot of money, especially paying for experts to do
> > really thorough rebuilds and repairs on our car.  Yet,
> > when all this money is added up we could have instead
> > bought a brand new Hyundai with front and rear spoilers,
> > 20-inch mag wheels and 50 stacker CD etc, etc..  However,
> > in the end we who persisted with our ancient VWs will
> > have a lovely honest practical car worth using and cherishing
> > for many more years to come until long after the Hyundai
> > has gone to recyclers.
> 
> I was curious to see how it compares costwise to own a type 3 compared to a
> cheap modern hatch like a hyundai. here is the comparison in australian
> dollars. aus$2=us$1.
> 
> 97 HYUNDAI EXCEL SPRINT
> (3 door hatch, no a/c, no power steering, 5 speed manual trans)
> Hyundai new 1997                                     13990
> Hyundai value 2002                                     5500
> 
> Hyundai depreciation P/A                          1700
> Hyundai servicing and tyre P/A                   500
> Capital cost P/A (assume 8%x13990)     1120
> 
> Total cost per annum                                  3320
> (not including fuel, insurance and registration)
> 
> 
> 71 VOLKSWAGEN TYPE 3
> (2 door sedan/wagon, no a/c, no power steering, 4 speed manual trans)
> 
> Purchase price 1997                                  3200
> Allowance for immediate expenditure      2000
> Total initial outlay                                         5200
> Value 2002                                                   4000
> 
> VW depreciation P/A                                    240
> VW servicing and resto P/A                       2000
> Capital cost P/A (assume 8%x5200)          416
> 
> Total cost per annum                                   2656
> (not including fuel, insurance and registration)
> 
> I have allowed $2000 to be spent on the vw immediately at purchase to fix
> any problems and $2000 for each year of ownership (including the first)
> 
> I have been conservative in the resale  of the vw also, because it would
> take longer to sell than the hyundai if you want top dollar.
> 
> you could spend more on servicing and restoring the vw up to ($2664 P/A) and
> still be less than or equal to the total cost for the hyundai. I think it
> would be a pretty good car after spending this much over 5 years.
> 
> Basically, all this proves is that you should not be selling your old vw
> because it costs too much to run-it is in fact cheaper overall than most
> modern cars if you know how to look after it.
> 
Plus you have the "WOW" factor of driving a 30-35 year old car.

-- 
Russ Wolfe
'66 FB MT (It drove)
'71 FB AT 
'65 Bug (not running)
russw@classicvw.org
http://www.classicvw.org


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