Bangernomics is something that we at AROnline have been passionate about for some time; the ability to buy and run a car for as little financial outlay as possible, sometimes even selling the car on for the same or more than the original purchase price. As some of you may know, I myself managed to buy a T-reg 75 for £750 earlier on this year. At the time, I thought that was probably the cheapest decent example around and people would be hard pushed to find a good example for much less than that unless they were prepared to buy a broken one and then get it fixed.
Recently I’ve heard of a £350 Rover 75. Ok, its not as well kitted as my own, nor is it pre-production, but for that price who actually cares? It’s early enough to escape the savages of Project Drive and CO based VED pricing. It has Tax and Test until Feb and March 2012 respectively and has only covered 86k since 2000. It may even be a factory car with a plate like that!
Yes it has some faults, the central locking is kaput and the brake pad warning light is on, plus it needs a bit of TLC on the bodywork, but for £350 you could ‘smoke’ this through the winter. If it should suffer an EPIC FAIL on March 1st, scrap it and get around 50% of your money back as scrap prices seem to be rising again.
Bearing in mind the current high costs of leasing a car these days and the fact that many car finance schemes seem to want a large deposit up front (35% upwards), this does seem to be a very cheap way of driving a very nice car through the winter.