Recently I've been looking for a 4wd ute to buy. I've set myself a budget of 40k, I don't need a loan as i am using savings. I could spend more within reason. I've narrowed it down to about 2 options, either a 79 series landcruiser or a bt50 single or extra cab. I've chosen the bt50 over all the other utes because of it's value for money and I personally think they look the best in their class and I love the cruiser because of the v8, looks and reputation for reliability. If i were to buy the cruiser I would be looking at something with about 180,000km and likely would be a 2011-2013ish workmate for 40k. If i got a bt50 it would probably have under 50,000km and be newer than a 2017 model. I estimate i'll drive about 10,000km a year and I would like either vehicle to last me 15 years (or trade it in a few years) and hopefully not have to do any major repairs (Are these expectations resonable?). My driving will be a mix of driving around a farm, a lot of highway driving and occasional 4wding. Probably no serious 4wding, just some easy bush driving and beach driving. If I had all the money in the world I would buy the cruiser but I think the running costs will be much higher and I'm not sure if it's worth it. I am 22 so insurance is pretty high for me.
Here are all the yearly costs for the 79
Rego - $1140
Insurance - $2700
Fuel - $1960 @ $1.4/L and 14L/per 100km for 10,000km
Servicing and Repairs - $1000 (got this figure from racq)
Total - $6800
Yearly costs for the Bt50
Rego - $930
Insurance - $1700
Fuel - $1400 @ $1.4/L and 10L/per 100km for 10,000km
Servicing and Repairs - $670 (racq figure)
Total - $4700
So the 79 will cost me about $2000 more per year to run than the bt50. I would love a cruiser but I'm not sure if the costs justify what it is. Also I am worried because the cruiser would already be 7 to 9 years old whereas the bt would be pretty new. Cruisers seem to last forever though whereas the bt's lifespan is a lot less.
I think the advice people will give me is if i'm that worried about paying more money I shouldn't get a cruiser but I'm willing to pay more in return for what is probably a better vehicle.
I also have to consider that the depreciation on the bt50 will be higher than the cruiser. In 15 years time I would excpect the bt50 to be worth $5,000 - $10,000 (150,000km - 200,000km) if i'm lucky, the 79 might be worth $15,000 - $20,000 (300,000km - 350,000km), hard to say though. $10,000 is a lot less in comparison to $30,000 more running costs over 15 years.
Overall I'm not sure which way to go. A few of my mates have 79 series cruisers and I think they're a great vehicle but I think the bt50 is a very good option which is more affordable. Any advice on which way to go would be appreciated. Please tell me if my reason and thought is also accurate and if i've missed anything I should be considering. Thanks!
Here are all the yearly costs for the 79
Rego - $1140
Insurance - $2700
Fuel - $1960 @ $1.4/L and 14L/per 100km for 10,000km
Servicing and Repairs - $1000 (got this figure from racq)
Total - $6800
Yearly costs for the Bt50
Rego - $930
Insurance - $1700
Fuel - $1400 @ $1.4/L and 10L/per 100km for 10,000km
Servicing and Repairs - $670 (racq figure)
Total - $4700
So the 79 will cost me about $2000 more per year to run than the bt50. I would love a cruiser but I'm not sure if the costs justify what it is. Also I am worried because the cruiser would already be 7 to 9 years old whereas the bt would be pretty new. Cruisers seem to last forever though whereas the bt's lifespan is a lot less.
I think the advice people will give me is if i'm that worried about paying more money I shouldn't get a cruiser but I'm willing to pay more in return for what is probably a better vehicle.
I also have to consider that the depreciation on the bt50 will be higher than the cruiser. In 15 years time I would excpect the bt50 to be worth $5,000 - $10,000 (150,000km - 200,000km) if i'm lucky, the 79 might be worth $15,000 - $20,000 (300,000km - 350,000km), hard to say though. $10,000 is a lot less in comparison to $30,000 more running costs over 15 years.
Overall I'm not sure which way to go. A few of my mates have 79 series cruisers and I think they're a great vehicle but I think the bt50 is a very good option which is more affordable. Any advice on which way to go would be appreciated. Please tell me if my reason and thought is also accurate and if i've missed anything I should be considering. Thanks!