01-27-2025, 02:55 PM | #1 |
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How much does your BMW cost :)
I saw this on youtube, ok its from the 1970's and from the UK
But I nearly cried when the car they insured was on average £21 which now is £415.14 equivalant That's still about 4 times as much as I'm paying for my BMW (after converting from GBP to Can$) |
01-27-2025, 04:05 PM | #2 |
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I don't think you can compare a car (any car) from 1968 to anything two years old today. That thing was a tin can on wheels with zero creature comforts and would have been ready for the scrap yard in about 5 years. Even the Civic hatchback that I paid $9k for in 1988 was bare-bones car with no creature comforts or safety features. It had no factory radio, no A/C, no ABS, no airbags and roll up windows. Of course, the price of insurance reflects modern cars complexity. Add to all that the average income for a family in 1970. In the U.S. it was $822.50 a month.
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01-27-2025, 04:53 PM | #3 |
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And my homeowner's insurance went up 33% this year, too, and I'm not in a flood-plane, or forest fire zone. Hadn't planned on this kind of spending during my retirement. My fault!
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01-27-2025, 07:08 PM | #4 |
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In the video, they ask people how much they think the cost of a car was, they said about £3-5 a year, when they actually calculated it, it came out to about £10, one of the guys said, thats the price of a house !
I don't know how true that was.. but just goes to show,... I remember getting 2p or 3p a week pocket money, If I give my daught 10 bucks she looks at me as if I'm acheap monster ! |
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01-27-2025, 07:20 PM | #5 | |
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You could actually fix a car, you didn't need a computer or a degree in physics. You needed at worst a hammer, screwdriver a cross head and the tools that came with it.
I'm not sure how old you are but my dad had plenty of old cars and they where the best, no sat nav or GPS (had mum and a map) only a radio, we made our old entertainment no electric anything, you rolled the window down wth your hand, they started and ran on cold winter mornings and where fine in snow. You could leave it parked up for months and come back and start it. We used to sit for hours in the car listening to the radio while it was parked up. Try doing that in a BMW, it'll be dead in a day, have a not-so often used BMW.. need a trickle charger. You could spot every make of car, just by the profile. All manuals, some with over drive, none of this nancy boy autoboxs All 10 of my dads cars where ever in a shop, only if in an accident. You could buy all your parts from the local auto shop BTW where not talking about 1980 shit boxes, they where mass made garbage with no soul. This was about the 60's-70's in the UK at any rate. 1960's UK sports cars where the frickkin bom, Triumph's Jags even some nice little old fords. For all the trouble I have with my BMW, I'd trade-it for sure. I've spent thousands on both my BMWs in parts repairs or service. These cars if looked after carefully (or not) have been restored and run awesomely. You see if a 2020 BMW will still run like that in 40 or 50 years and find somone who can work on it LOL A lot of cars now have thinner cheaper metal than them and 50% plastic, crack a bumper, you'll have to replace it, just south of $2000, do that to a metal bumper and you'll hammer it back into shape. Your right you can't compare, because there IS no comparison Quote:
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01-27-2025, 07:30 PM | #7 |
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my first 2 cars
1.6 s white mk2 capri 2.8i back mk3 capri again stock pics |
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01-27-2025, 07:31 PM | #8 |
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The Capri where notorious rust buckets for sure, but if you looked after them they where fine.
My 2.8 at the time could keep up or best most things on the UK roads |
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01-28-2025, 05:33 PM | #9 |
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My dad paid less for a brand new 4B2Ba house than I did for the E90, and he had 30 years to pay it off. IIRC, he wrote a check for $108 every month. . .
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Yesterday, 08:47 AM | #10 |
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My car costs me $1,500 a year, all in (ins/maintenance/PPT/plates/gas/etc), and that $125 a month doesn't really bother me. What bothers me is the overall amount I have in a car that I only drive 1,500 miles a year.
I think overall, adjusted for inflation, I paid a lot more for cars (that weren't as nice) I had in the 80's & 90's because my insurance was so high. |
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Yesterday, 01:52 PM | #11 | |
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Quote:
I have a 2008 GT500 that costs $400 a year insurance, $150 for plates, a $125 oil change annually. So, about $675 a year. I too drive about 1500 miles a year in it, these days. Not including gas and tires. If I include my original cost +tax and spread it over the 17 years of ownership that is around another $3000 a year. Total cost of ownership then is $3675 annually. That is about $350 a year in 1960. Worth every penny, as far as I am concerned. Nothing from 1960 is even close in quality, comfort, reliability and durability.
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