Thoughts on a Lancer 2.0 GLS?

[WaxLyrical]

Just make sure you get some mechanical insurance.

New engine on this about R70K

 

[Messugga]

I'm 22 :erm:

I just like the look of them, plus our family have almost only had Mitsubishi's since I can remember - all Colt bakkies, though. The lLancer seems to offer a lot in terms of value for money if you look at all the extra features you get versus the price an average one fetches. The other option I was considering was a Ford Focus, but you cannot get much for a price range around the R100K mark, and I am also not a VW fan so the Polo is out for me. Toyota's are meh, but I hear the Corolla's price is dropping because of the new model that has been released.

You're 22? That's going to limit your options in terms of insurance. It qualifies as a performance car (I know, right?) thus most companies won't touch you with a stick.

 

[SauRoNZA]

I owned a Lancer God CVT and the reason I sold it was because it was getting more and more expensive to maintain past the 120k km mark. You're looking at over 2k for a standard service and that's in ideal circumstances. I generally ended up having to spend another grand or two on small things.

To be honest most cars will become expensive after 120 000km because that's when expensive stuff starts to need replacement.

Brake discs, suspension, clutches, CV joints, cambelt etc.

If you do any of those together it will probably be a bit of a shocker for you.

Thing is for the next 120 000km after the major bits are done it will be back to normal and regular services will apply.

You can't expect a car's services to remain cheap as it gets older.

 

[PhireSide]

You're 22? That's going to limit your options in terms of insurance. It qualifies as a performance car (I know, right?) thus most companies won't touch you with a stick.

Performance car...pffft, my KLR650 has a better power to weight ratio than the Lancer but I understand that insurance companies don't think like us rational human beings do. @WaxLyrical, I will probably do that as I will be doing a bit of company miles on it as well as using it for personal use

To be honest most cars will become expensive after 120 000km because that's when expensive stuff starts to need replacement.

Brake discs, suspension, clutches, CV joints, cambelt etc.

If you do any of those together it will probably be a bit of a shocker for you.

Thing is for the next 120 000km after the major bits are done it will be back to normal and regular services will apply.

You can't expect a car's services to remain cheap as it gets older.

I agree, once you reach the 120K barrier you need to start looking at the pricier items such as bushes and shocks, brake discs and power steering pumps, etc and they can add up quite fast if you prefer to do preventative maintenance

 

[SauRoNZA]

Just make sure you get some mechanical insurance.

New engine on this about R70K

And why would he need a new engine?

Also sure you are quoting full blown official dealer prices which nobody should take a car to outside of motorplan/warranty.

This is thing but fear mongering.

A new DSG box also costs a fortune, so I guess nobody should buy those cars either. Because you know we have to replace them every other service.

Not to mention if the engine is that expensive the mechanical warranty won't cover it anyway as upper payment limits always apply.

 

[WaxLyrical]

And why would he need a new engine?

Also sure you are quoting full blown official dealer prices which nobody should take a car to outside of motorplan/warranty.

This is thing but fear mongering.

A new DSG box also costs a fortune, so I guess nobody should buy those cars either. Because you know we have to replace them every other service.

Not to mention if the engine is that expensive the mechanical warranty won't cover it anyway as upper payment limits always apply.

Buddy of mine needed to have his motor replaced on his Lancer and being a Lancer he couldn't just pick up one from anywhere.

Had to go to agents.

He eventually did an overhaul with spare parts for 1/3 of the price.

Promptly sold it.

 

[SauRoNZA]

Buddy of mine needed to have his motor replaced on his Lancer and being a Lancer he couldn't just pick up one from anywhere.

Had to go to agents.

He eventually did an overhaul with spare parts for 1/3 of the price.

Promptly sold it.

Well that would be the normal way to so it.

You don't just replace an engine, you overhaul/repair it.

Let me guess it's the official dealership who recommended the replacement in the first place?


Again that kind of thing happens with any car from any brand.

 

[ahoudet]

Just make sure you get some mechanical insurance.

New engine on this about R70K

Well I just got quoted R220k for a Murano engine

 

[akescpt]

Well I just got quoted R220k for a Murano engine

Bloody hell. What year is that? Buy a second hand one. Sell for spares.

I'd faint if I got that quote.

 

[PhireSide]

Well I just got quoted R220k for a Murano engine

Is that the gold valve and platinum piston edition?

Okay, I have some more questions but more related to finance than to the car itself. Let's for arguments' sake say I find a nice Lancer for R100'000 and I wish to purchase it:

I want to be able to put down a deposit of R20'000, leaving me with a total finance amount of R80'000. Now let's say I manage to get a loan with an interest rate of 11% (Unlikely but let's use this figure) paid over 4 years (48 months).

This gives me a monthly payment of R2067.64 using Wesbank's calculator. Does this mean I will pay off that amount every month or can I opt to pay off a bigger amount and vary it? I am guessing it will be a static amount for the finance period but there's no harm in asking. A friend of mine had his finance approved for his CBR600, and he can vary the amount he pays each month - nothing lower than the basic fee but he can add in more if he pleases. Would car finance not also work that way or will it depend on who I finance through?

 

[WaxLyrical]

You can opt for a static amount and also choose to do bulk deposits.

The repayment gets automatically recalculated.

Did that before and its a great feeling because you total repayment on interest drops quite a bit.

This must be done in the first year tho, because thats when the bulk of the interest gets charged.

 

[ponder]

Buddy of mine needed to have his motor replaced on his Lancer and being a Lancer he couldn't just pick up one from anywhere.

Had to go to agents.

He eventually did an overhaul with spare parts for 1/3 of the price.

Promptly sold it.

Nobody buys a new engine, you either rebuild, buy reconditioned or go to one of those jap import engine places which will save you a small fortune.

 

[ahoudet]

Bloody hell. What year is that? Buy a second hand one. Sell for spares.

I'd faint if I got that quote.

Is that the gold valve and platinum piston edition?

Well its a 2006 with 158k km on the clock so in theory I can buy two for that price:erm: I'll probably scrap it but hoping to sell the gearbox I just redid for about R60k (Nissan sells them for 120k new)...
I wish it has gold valves and platinum pistons, that would help me get some money from the one currently in the car

 

[boxerulez]

Well its a 2006 with 158k km on the clock so in theory I can buy two for that price:erm: I'll probably scrap it but hoping to sell the gearbox I just redid for about R60k (Nissan sells them for 120k new)...
I wish it has gold valves and platinum pistons, that would help me get some money from the one currently in the car

That is just disgusting. How much did you pay for this vehicle?

 

[ahoudet]

That is just disgusting. How much did you pay for this vehicle?

It was about 88k off an auction (was worth 130k at the time). The car should have been classified as having a gearbox problem but Aucor never did. I had bought a few cars from them before with no issues. I then stopped buying from them due to their terrible attitude towards the issue and moved to Burchmores. Better bunch of people and I haven't had an issue with them as of yet

 

[Fazda]

It was about 88k off an auction (was worth 130k at the time). The car should have been classified as having a gearbox problem but Aucor never did. I had bought a few cars from them before with no issues. I then stopped buying from them due to their terrible attitude towards the issue and moved to Burchmores. Better bunch of people and I haven't had an issue with them as of yet

Just remember that buying from an auctioneer is the one way of making certain that you have no CPA to fall back on.
They sell their cars voets toets - buyer beware.

 

[PhireSide]

You can opt for a static amount and also choose to do bulk deposits.

The repayment gets automatically recalculated.

Did that before and its a great feeling because you total repayment on interest drops quite a bit.

This must be done in the first year tho, because thats when the bulk of the interest gets charged.

Thanks man, appreciate the info.

If that is the case and there aren't any fees for a bulk deposit, I might then opt to go that route if I happen upon some spare cash lying around. I am very anti-debt so I'd prefer to have the car paid off in as little time as possible

 

[ahoudet]

Just remember that buying from an auctioneer is the one way of making certain that you have no CPA to fall back on.
They sell their cars voets toets - buyer beware.

Yep, buying for resale and taking the risk... Haven't had issues barring this one... Burchmores happily helped out though when the one car they sold me didn't have a matching engine number to the vin number... They were prepared to take the car back if they couldn't sort out the issue Just a different attitude towards the client is what I feel Aucor is lacking... I understand CPA and all but if they can advertise a car has an issue (an X5 had an advertised gearbox problem on an auction the week before) but don't advertise this one as having a gearbox problem, then I feel maybe they should at least try come up with some way to help the buyer... The car could barely drive:wtf:... Anyway, the engine issue occurred a few months later so I can't blame them for that

 

[LCBXX]

Not sure how you come to that conclusion as a vast number of cars on our roads are imported from Japan and other Far East countries, and insurance figures have nothing to do with the price of parts, but rather on a risk factor. It is for that reason that a Polo or Fortuner has high insurance because it is a high risk car from a theft/hijacking point of view.

If you have concrete proof that it costs more to maintain a Mitsubishi over anything else on the road, please provide us with a link.

A Lancer should be a very low risk vehicle if anything - there aren't 50 million of them on the roads and they are not particularly popular as taxi replacements.

Don't take my post for it. Phone your broker and ask why another car is the same "risk factor" class is more/less expensive to ensure than a Lancer. You will probably find that the odds of a Mitsubishi being written off after an accident is much higher due to the cost replacement of parts. Therefore you are also correct, the "risk factor" to the insurance company regarding a writeoff/accident repairs payout is higher for that brand.

 

[PhireSide]

So after a week of searching I am nowhere closer to finding my car

All the posters I reply to don't message me back, so I will keep looking. It's a sign it isn't time yet

All this talk about insurance - does anyone have a ballpark figure of what they are paying per month and what type of insurance if they are willing to divulge that info?