Why "Amazing Cheap Car" Lists Need To Die.

You know the lists - the ones that tells you what amazing cars you can pick up that sold for a lot of money initially and can now pick up inexpensively. High end sports cars, luxury cars, high powered V8 cars, German cars… pick a category and Google will find a page of those lists.

Why

You know the lists - the ones that tells you what amazing cars you can pick up that sold for a lot of money initially and can now pick up inexpensively. High end sports cars, luxury cars, high powered V8 cars, German cars… pick a category and Google will find a page of those lists.

What these lists never talk about is why these cars are cheap.

The main reason these cars tend to be cheap is because you are buying someone else’s problem. Take BMW’s for example as they always crop up in these lists. Sure you can pick up a late 90’s or early 2000’s 5 or 7 Series for under five grand but you had better have another five to eight grand to spend on it at some point, and probably some point soon. Parts for these cars aren’t necessarily expensive but they are more complicated to work on than your average Honda Accord and something as simple as a sump gasket, or any gasket really, can end up costing a grand in labor fees to replace a three dollar part .

Look around a cheap BMW for sale and you can pretty much guarantee something costing a grand to do in the shop is lurking under there somewhere - those vintages of bimmer are notorious for sub frame issues as well as the bad plastics used in the cooling system that require a refresh every so many thousands of miles. You can pretty much guarantee the one you are looking at hasn’t just had that kind of money spent on it recently. Just ask CarThrottles own Alex Kersten.

Why

Run a deep search on common problems with a vehicle you are interested in and it’s guaranteed there are indeed problems, and somewhat expensive, problems that will need to be dealt with sooner or later. You may pick up a champagne car for beer money but luxury cars tend to still cost champagne money when it comes to maintenance.

Often these lists will contain large engined cars, and if you can only spend $5000 on a car you should ask yourself if you can afford to maintain a V8 or even W12 that takes eight or more quarts of oil every so many thousands of miles on top of getting teens to the gallon in mileage.

W12 Audi A8 - you can find them under $20,000 now and require 11.5 liters/12 quarts of oil every change.
W12 Audi A8 - you can find them under $20,000 now and require 11.5 liters…

It’s all very well getting an amazing car for cheap, but having it sitting in the driveway because you can only afford to drive it two weeks of every month is going to suck.

Pick up a V engine and it needs twice the amount of anything come repair or maintenance time. Any unfortunate overheating incident on a V engined car runs a high risk of two head gaskets being replaced - a great example of a five dollar part needing many hundreds of pounds or dollars to replace and your V engine needs two.

Take a look at things such as tire sizes as well, if the sizes are large or even worse uncommon then putting fresh rubber on is going to be a costly affair - 19 or 20” rims may look great but you’re paying for more rubber to go round them. The same goes for brakes, or indeed any consumables the car needs to keep it roadworthy and safe. HID lights, for example, tend to last a long time and that long time is generally until just after the third or fourth owner has purchased the car.

Now, I’m not saying don’t buy a high end car when it’s value has dropped sufficiently to be affordable. If you do your homework and understand the costs and have the ability to have it taken care of then you can most certainly run an old but cool car.

What I am saying is it’s disingenuous at best and cynical at worst for these clickbait lists to present these cars as being something you can pick up for peanuts while giving no thought to the cost of actually running them.

#blogpost #MakeCarThrottleCarsAgain

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Comments

Anonymous

Cheap car is a problem for car guys that can’t work on cars them self and then you lose respect becuse real Petrolhead build cars

01/06/2017 - 09:21 |
1 | 10
Caro

In reply to by Anonymous (not verified)

You know the reason most people are petrolheads is because they enjoy driving itself, not working hundreds of hours to just get a car started, let alone running correctly. Besides, parts get expensive and so does fuel. Without the money for either of those you don’t get to drive, and the car you just bought doesn’t get to live to its full potential. At that point you may as well have not even bought a car, just a large pile of metal that somewhat looks like a car.

01/06/2017 - 09:43 |
9 | 1
Jakob

There’s one thing you always have to remember when buying a car: just because you can buy a car, doesn’t mean you can afford it. Sure, luxury saloons and some sports cars can be bought cheaply, but the expected maintainance alone (that doesn’t include unbudgeted repairs) will usually cost you a fortune over the next few years.

01/06/2017 - 09:32 |
65 | 1
Anonymous

In reply to by Jakob

Yeah, I didn’t even get into the cost of insuring stuff for younger guys as well.

01/06/2017 - 09:51 |
20 | 0
Akashneel

Great post, sir!

Maintaining a car is a very different than just buying a car because we have to keep the cars running so we can continue to enjoy them. Sales of any car model depends on its maintenance costs, particularly in the budget car segment of the market.
A used 1980-something Mercedes-Benz can be bought for less than 5 hundred thousand INR, but maintaining it is going to be expensive. Just an example.

So, great post indeed. You really showed other side of car ownership to CTzens.

01/06/2017 - 10:00 |
6 | 0

Don’t even get me started on BMWs. This one is kicking my butt.

01/06/2017 - 10:05 |
2 | 0

Well I’m trying to buy a used Benz too here (I’m indian too) and am looking at w124s…don’t ruin my dream man pls

01/10/2017 - 14:54 |
0 | 0

A Masarati… that’s the definition of a money pit!

01/06/2017 - 13:01 |
3 | 0
Anonymous

the other reason i don’t like chea car lists is because it draws attention to cheap underrated cars, people get excited and buy lots of them, and prices go up. MK1 Mazda MX5 is a good example: Still quite common, but going up in value

01/06/2017 - 12:40 |
2 | 0
Poke

Also another example is the E60 M5 which you can pick up for £10-15k but the cost of maintaining the 5.0L V10 will be significantly more…

01/06/2017 - 13:21 |
0 | 0
David 27

In reply to by Poke

not only the engine, the tires are expensive too. Generally all //M Parts are expensive as hell. but if you buy a 15K //M car you should consider it

01/06/2017 - 15:43 |
0 | 0
Tyler Fassett

As someone who is currently selling a 7 series, I found this article to be well written and scarily accurate. Even though my car is in better shape than most 7s of its age, it does still have a few grand in various, non serious upkeep left to do. Not even a month after I bought the car I had to spend a grand on tires. Luckily I was prepared for owning a car like this, and I knew what I was getting into when I bought it.

01/06/2017 - 13:41 |
5 | 0
Deoxide

I need to say this but..

Its sadly true..

For example: You can find a Miata NA for cheap, but we dont know if there is rust, engine malfunction, etc that could set you back a lot of money..

If you want a proper fun old car, get yourself alot of money to be prepared..

But note this: THIS ONLY APPLYS TO OLD CARS, NOT BRAND NEW ONES WHICH COMES FROM FACTORY.

01/06/2017 - 14:10 |
3 | 0

Fun story. Mechanic at vw dealership bought brand new 7th GOLF with R package really awesome on 19” wheels. Straight from the factory his custom order. So he stsrted to drive. And CV joint starts to rattle. And warranty doesnt cover it until 5000km for some reasons. So he drove 5000km with broken cv joint and replaced it by warranty. Also another story. Brand new jetta. 193km done and valve became loose and falled down in to the chamber. True story. Brand new car

01/06/2017 - 15:59 |
1 | 1
suchdoge

As my dad always said “ If anything goes bad on an old Merc run, just run!

01/06/2017 - 14:11 |
0 | 0