Probably a silly question, but how much does the average driver pay each month on car fiance?

[TonyHSD]

In England currently the best is a Toyota main dealer service or diy, going to independent makes no sense at all, same price as Toyota, no warranty and perhaps worse done than if diy . 

[AisinW]

I paid that hybrid service check alone for €32 every year to keep the Battery warranty after the 5th year.  It is recorded in Toyota website and will keep the resale value better if I ever want to sell it.  I know that the Battery has 10 years warranty in Auris but much longer in newer Toyota (15 years). 

[mcntosh]

 

2 minutes ago, AisinW said:

I paid that hybrid service check alone for €32 every year to keep the battery warranty after the 5th year. 

I looked at doing that in addition to a cheaper hybrid service elsewhere but for the small price difference, best to stick with Toyota. Then the Relax warranty came along and made it a no-brainer to stick with Toyota.

[AisinW]

 I do my own oil change for €50 (4L Mobil1 ESP X2 +€3 Blue Print filter).  Dealership near my home costs €440 for oil change and €580 including brake fluid change for annual inspections and getting Relax Warranty.   So I asked for hybrid-system check only and it was much cheaper and I can enroll anytime if I change my mind.  I found another dealership in the next nearest city and they are €120 cheaper.  But still, it is too much.  I prefer to save the €300 yearly for my saving when it needs hybrid Battery 15 years later.  I confirmed the Battery cost €2350 installed in Toyota Frankfurt.  So, the hybrid Battery is not too expensive either.   I think it is even cheaper in UK. 

[TonyHSD]

2 minutes ago, AisinW said:

 I do my own oil change for €50 (4L Mobil1 ESP X2 +€3 Blue Print filter).  Dealership near my home costs €440 for oil change and €580 including brake fluid change for annual inspections and getting Relax Warranty.   So I asked for hybrid-system check only and it was much cheaper and I can enroll anytime if I change my mind.  I found another dealership in the next nearest city and they are €120 cheaper.  But still, it is too much.  I would prefer save the €300 yearly for my saving when it needs hybrid battery 15 years later.  I confirmed the battery cost €2350 installed in Toyota Frankfurt.  So, it is not too expensive either. 

Lol, that’s cheap €2350 euro for a new hybrid Battery. I should plan a trip to Frankfurt if my local Toyota dealer wants more when the time comes, if the car survives that long. 

[Cyker]

Just be glad yours is NiMH; I suspect the lithium packs are a chunk more!!

I kinda wish there was something like the Volvo Gold Contract for trucks, where you just pay a monthly or annual fee and all servicing and maintenance is included, and if *anything* goes wrong with they truck they just fix it.

Was talking to an acquaintance a while ago as they'd just changed to Volvos trucks and it just sounded so much better - Any gripes like brake issues or weird screeching noises they just call up and someone gets sent out to fix it. If it has a breakdown, it just gets towed to the nearest Volvo service centre and they fix it.

It's not cheap but it's a fixed cost which is much easier to plan and budget for so for them it's worth it since they can't afford for those trucks to be out of action!

[Mojo1010]

38 minutes ago, AisinW said:

 I do my own oil change for €50 (4L Mobil1 ESP X2 +€3 Blue Print filter).  Dealership near my home costs €440 for oil change and €580 including brake fluid change for annual inspections and getting Relax Warranty.   So I asked for hybrid-system check only and it was much cheaper and I can enroll anytime if I change my mind.  I found another dealership in the next nearest city and they are €120 cheaper.  But still, it is too much.  I prefer to save the €300 yearly for my saving when it needs hybrid battery 15 years later.  I confirmed the battery cost €2350 installed in Toyota Frankfurt.  So, the hybrid battery is not too expensive either.   I think it is even cheaper in UK. 

That's a rip off. 

The £200-300 service in the UK includes oil and filter change. Am not able to do the oil change myself due to no equipment and a safe place to do it. Would just buy oil and pay a mechanic £30-50 to do it. Even with the expensive 0W8 oil £30-£50, cost max £100. 

[Roy124]

On 12/18/2022 at 3:34 PM, Bper said:

Hi Roy,

Often wondered is it possible to finance a car on a state pension or is this a mixture of state and private that would allow someone to do this. 🤔

In my case mixture of pensions. 

In the case of my MiL she has an enhanced pension as she is 97 and also a small widows company pension. She has a healthy bank balance, pays cash, maintains her home and is not averse to buying new furniture and clothes.  If she chose to replace her Nissan Micra she could do so. 

I think it is possible but you need very strict budgeting. 

[Roy124]

Cyker, I take your point about Premium Bonds, really just suggesting it is better to buy bonds than investing in Toyota. 

I am presently getting 4% pa instant access paid monthly from, wait for it, my utility  company.  Next year it increases to 5%.

[Hornet3D]

One of the few advantages of getting old is that financial matters tend to be come more stable so, with no mortgage to pay, I have been able to buy my cars outright for the least twelve years or so.  Not only that I have been able to pay for a service agreement and warranty so it tends to be one large payout when the vehicle is purchased.   

[AisinW]

23 hours ago, TonyHSD said:

Lol, that’s cheap €2350 euro for a new hybrid battery. I should plan a trip to Frankfurt if my local Toyota dealer wants more when the time comes, if the car survives that long. 

Compared to comparable Golf 1.4 TSI or Corolla 1.2 Turbo non hybrid, €2350 is cheap for 10 years.  Assume we drive 10k miles a year, the diffence in fuel is €700+ with 50/50 mix city/highway.  In 10 years, we can afford more than 3x new hybrid Battery from fuel saving and yet the resale value is still much higher. It is less problematic, no alternator, no starter, 2-3x longer life brake pads/disc.   On the other hand, compared to  EV, hybrid is still much cheaper for the 15 years ownership if we include Battery replacement.   I think BEV is more about our kindness to donate our money to the world and reduce emission, not money saving. 

[Roy124]

22 hours ago, Roy124 said:

Cyker, I take your point about Premium Bonds, really just suggesting it is better to buy bonds than investing in Toyota. 

Curiously just won on the PBs, effectively 1.25% but better than a poke in the eye..... 

[Cyker]

The Force is with you young Skywa-I mean Roy124 

[NASY]

To answer the question, I have not paid anything on finance since 1982. I did have a mortgage for a while but even that rankled me. I showed my son all my bank statements for 20 years before he left home and asked him the question, 'What did you notice' to which he replied you have never had an overdraft. That's because money borrowed is just less money than you would have had. He's now a banker.

[TonyHSD]

3 hours ago, NASY said:

To answer the question, I have not paid anything on finance since 1982. I did have a mortgage for a while but even that rankled me. I showed my son all my bank statements for 20 years before he left home and asked him the question, 'What did you notice' to which he replied you have never had an overdraft. That's because money borrowed is just less money than you would have had. He's now a banker.

Very well said 👌

[Hornet3D]

13 hours ago, NASY said:

To answer the question, I have not paid anything on finance since 1982. I did have a mortgage for a while but even that rankled me. I showed my son all my bank statements for 20 years before he left home and asked him the question, 'What did you notice' to which he replied you have never had an overdraft. That's because money borrowed is just less money than you would have had. He's now a banker.

A good point well made, but there are the occasional instances when borrowing can save money, particular in the short term.