[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index] [New Search]
<x-charset iso-8859-1> ----- 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. andrew davidson melbourne, australia ------------------------------------------------------------------- Search old messages on the Web! Visit http://www.vwtype3.org/list/ </x-charset>