Anyone had a rex for a 1st car?

[fly]

Poor bloke, i think he originally meant this post to be about servicing and runnings costs!

Opinions are like assholes among rex drivers it seems

[Rixio]

Mate im not being a tw*t, but comon think this thru logically for starters no1 is gona insure you unless your at least 21 trust me i know! and how are you gona pay for it even if they do(id like to know who btw) have you thought of fuel bills? not to mention speeding tickets fines etc, i can pretty much safely say that im the youngest FD owner on here and iv got experience with performance cars since a very early age and moved up gradually, im not saying im the most experienced or the most skilled but i know how to drive!

An extract from yesterdays METRO "Four teenagers have been killed in a car crash. They died when their ford fiesta collided head-on with a volvo on the A92, near eden bridge, Fife, on monday night and ploughed into a field. The exact cause of the crash is not yet known. But police said initial inquiries \'support the theory that speed was a significant factor\' The victims were apprentice plumber craig lawson 12, college student steven garland, 17 and 16 year old school pupils mona and lisa holliday."

This was only a ford fiesta, imagine the scence including an RX7

A FD for a kid ur age wud be the worst idea in the history of bad ideas...for starters have you ever driven a rear wheel drive car before? my litl bro bought a BMW 316 coupe last tuesday without telling any1 its got full m3 kit and alloys etc so anyway hes been driving for 5 months and on the way home at the m62 roundabout at cleckheaton he lost it and crashed into the pavement! wrecking his alloys and front bumper! this is a 1600cc 100bhp car ffs!!!! compare that with a 300bhp rwd rx7!!!

Ok you might think that he might just be a bad driver ok so what thats not the point and if you dont get the point then you definatley shouldnt be driving a rx7.

Sorry just my thoughts but i dont think any1 has the "courage"(if its the right word to use) to say it without offending you, im not trying to be a tw*t but evry1 reading this thread will be thinking the same thing and seen as though im young aswell i thought i should be the one to say it!

At the end of the day its your money its your life you do what you feel you want to do but think it through logically before you do

Rixio:wave

[STi_Ver.4]

haha, ive been go kartin, rally drivin school and stuff like that, thats what i mean. Im no muppet risking losing my license before i have it!!!  

Nice words rixio. Im not going to drive like a nut no matter what car i am in. I "think" im a sensible person for my age and thats no lie.

The reason i thought i would get insured is because someone on another forum said they went from a subaru impreza to a rex and the insurance was cheaper so if i can get a quote on the scoob i dont see why not on the rex.

The subaru would be easier to control, but then again so would the rex if i am obiding by the speed limits dont you think? My dad would also be driving which ever car i have so thats the bills n fuel issue sorted .

Must say, everyone so far has been nothing but great help! cheers guys! :wave

[scooby_si]

yeah that\'d be me elsewhere :god lol
The insurance thing i should add was primarily down to being able to get the classic car insurance thing on a RX7 although the main deals involve being over 25, being garaged, limited milage & having a second car. So not a total like for like comparison but i\'m still paying less on my rex & a mondeo than i was on the scoob alone so it is accurate.
Dunno if you\'d be able to get classic car insurance on an >10 year old car which might not require you to be over 25 etc (the deals we have to get classic car ins dont need car to be over 10 years old)
As previously thou insurance is always guna rape you if it\'s getable on a group 20 car (as both type R & RX7 are) at any especially such a young age (sorry to keep harping on about that but it is a key factor  :rollin )
Si

[STi_Ver.4]

ive already thought about that. The subaru can go for about 11k and if i get a rex for about 7-8k, surely that should pay for insurance for a year and any left over will go to servicing, fuel etc.

[mikeeech]

I thought I would add my twopeneth (an expression used by old people):p  to this as I used my Rex on a daily commute and intend to again.

This is just a question of economics surely. Insurance shouldn\'t be a problem so long as your willing to pay for it. After all I bet Wayne Rooney doesn\'t drive around in a 1.0l VW polo...! Money is a great Persuader.

Now I imported my rex 18months ago. I paid £7000 for a \'92 example (cause you don\'t need a cat!). I paid £1000 for sercurity of which I will get no money back on that... The value of the car is somewhat subjective as they have all been modified and the engines are in differing conditions - however lets assume that a \'92 example will cost £5000 and already have adequate sercurity on it.

Lets also assume that the engine will last you 60,000m before it needs replacing and that you travel 12,000 miles per year (i did in my rex and I enjoyed every single one of them) - for the sake of argument lets also assume that you intend to keep the car for 5 years. Lets also assume you pay cash for the car and don\'t get a loan so will not pay interest...

Now, I got an average of 18MPG from mine on dual carridge ways and motorways on the way to work and back...

12,000 miles/year will burn 670 gallons (3041 litres) of Optimax. I paid an average of 82p/litre (oh them were the days...) it\'s closer to 92p/litre now... so that\'ll cost you £2798/year or £230/month

Insurance... I paid £1200 or £120/month once I paid the interest on the installments - this was not a classic policy as they all restrict you to a limited milage.

Wear on the engine... Now a decent engine rebuild will cost £4000 - we\'d assumed you would get another 60,000 - so in 5 years you would have burnt another £66/month not to mention the oil changes and spark plugs. Other wear on the car we should leave to one side but to say that tyres arn\'t free and any wheel bearings or brake pads/disc etc also cost a bomb.

Tax will cost £18/month

And the depreciation in the car over the 5 years - Judging by turbo 2 prices now, and with the 4th gen RX7 on the way - which will hit 3rd gen residual values hard, I think you could probably wave goodbye to the total value of the car - another £83/month. If you have to take out a loan to buy the car then thats even worse!

So far we have a monthly total of £517/month... Scaring you yet!

Now for go faster goodies - well lets not go there. Any money spent will be worthless when you come to sell anyway. Spend £1000 on a vented bonnet and that is just gone. you\'ll never see it again...

So now your paying £517/month just for the pleasure of driving a rex... don\'t get me wrong it\'s quite a pleasure... but what else could your money be doing?

Well in 5 years in a cash account (paying 5% yearly) you could have ernt £4975 in interest alone with your total bank balance being the best part of £36,000.

Enough to buy a 4th gen RX7 cash!

Now consider using the money to buy your first house... Dull I know but follow the logic on this one... Previously house prices were going up at 20%/year. this is unrealistic but lets say that it levels off an you get 2% growth per year for the next 5 years...

£500/month will get you an £85,000 mortgage. Ok so the house may not be the biggest and the you may not be able to afford to live in it but hey... rent it out. You cover your costs... Now your 2% growth in the housing market has just ernt you £7,000 and if you\'ve rented the house out it has cost you next to nothing...

So why do I drive one daily...

Well it is a nice car, and it is very enjoyable, but I\'m 34 years old, have a Msc in electronic engineering and cycled to work for 7 years because I didn\'t have 2 brass farthings to rub together. (another expression used by old people :p ). I saved my money and now have 2 houses here and 1 abroad, am safely into the higher tax bracket and the costs of running the car still make me wince!!!

I don\'t want to sound patronising but save your money - get an education - take a gap year then work your guts off, Change jobs every 2 years, don\'t have kids and spend on long term investments as in this consumer world someone willing to put the work in with an eye on the long term will be o.k.

Now I have a feeling that this will get flamed on here but oh well!!!

Mike

[Big Stu]

I think that is a great explaination of the costs involved.

Im glad ive got mine as a 2nd car on a classic policy if that is the costs involved in owning a FD and driving 12k a year.

BUT:

I dont think common sense has a lot to do with it when your local ( and very friendly) bank assistant is willing to snare you with any level of loan. And then rip you off for years to come.

[STi_Ver.4]

Mike, i had to read that about 3 time to understand it:confused: . Very helpful i agree. I understand the stuff your saying about saving the cash but i dont really wnat to be thinking about anything beyond university yet. Youve got me all confused now , sounds as if your all screaming "keep the scoob" to me, am i correct or have i lost it!

[scooby_si]

fookin ell anyone wana buy me FD lol
Si

[mikeeech]

Just a point of view... When I was 17 I used to run around in my dads Porche 944. That was great for a while too.

Personally I wouldn\'t touch a scooby and I prefer rear wheel drive. You do have to be careful  especially if you have been used to front wheel drive but... and this is sad... I have been play need for speed underground 2 on my PS2 and that is quite good for handling traits.

You will lose more power through the transfer box with a 4wheel drive so hp on the tarmac will be less.

A guy a work has a WRX and he drives like a nutter on roads I would dream of putting the rex through it\'s paces on. Maybe thats just me though.

The rex is lower and as we all know driving sensation is through your ass!

[RobbieRX-7]

hehe..the fd`s look like remote control cars compared to the URABUS..oops..  i mean SUBARU

[RobbieRX-7]

definitly sexier!!

[STi_Ver.4]

yea they are, but then you gotta consider that the subaru is more practical so u can take more than just 1 mate out.





Thats the beast from the east which is an alternative to the rex.

[RobbieRX-7]

correction..1 mate and 2 midgets!!!:D

[STi_Ver.4]

haha nice 1. you lot av got me thinkin both ways now, subaru or rx7, :confused: :confused: :confused: