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Polarbear |
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Polarbear Super Spammer
Joined: 24 Feb 2007 Karma :
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Freddyfruitba... |
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Freddyfruitba... World Chat Champion
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ThunderGuts |
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ThunderGuts World Chat Champion
Joined: 13 Nov 2018 Karma :
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Posted: 12:33 - 29 Mar 2022 Post subject: |
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As above, you need to ask yourself if you're ever going to use it again. If not, there's clearly not much point maintaining it (remembering to treat it as a discount code, rather than something with monetary value). If you think you will, I'd plug a few insurance quotes with and without NCD to see the difference in real world quotes. Then try it with 1 year NCD. That one year makes quite a difference as you get the biggest discount (pro rata) with the first year.
If you do think it's worth maintaining that NCD, you could do one of two things I guess; either get a banger but will anyone want to take it off you when you get rid of it and for enough money to offset the purchase cost, or look at a classic vehicle (something ridiculous like a Bond Bug, or an MBG or some other classic that hasn't suffered silly inflation yet) which would be tax and MOT exempt, not likely to depreciate and might even gain a bit of value, especially if you treat it as a "long term project" and do some mild tinkering/restoration over time?
In reality though, even a classic that never moves is going to need some degree of TLC (and therefore expenditure) to retain value, a banger that you never intend to sell will just be dead money you buy it for. Then there's the insurance cost on top of it. Unless your premiums are already very high, I can't see you saving money unless you're only going to do it for a year or so max and have confidence you'll be able to sell whatever you buy for a similar amount. ____________________ TG. |
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Diggs |
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Diggs World Chat Champion
Joined: 03 Apr 2007 Karma :
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Posted: 13:20 - 29 Mar 2022 Post subject: |
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Get some quotes with and without the NCD. You may be pleasantly surprised to find that given your age, it makes very little difference and certainly not enough to justify insuring another car just to keep it going... ____________________ Now - Speed Triple, old ratty GS550, GSXR750M
Gone (in order of ownership) - Raleigh Runabout, AP50, KH125, GP125, KH250, CBX550, Z400, CB750FII, 250LC, GS550, ZXR750H1, Guzzi Targa, GSX750F, KH250 x2, Bimota SB6R and counting... |
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MCN |
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MCN Super Spammer
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Polarbear |
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Polarbear Super Spammer
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ThunderGuts |
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ThunderGuts World Chat Champion
Joined: 13 Nov 2018 Karma :
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Old Thread Alert!
The last post was made 2 years ago. Instead of replying here, would creating a new thread be more useful? |
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