Is that the case these days? I suspect most purchasers of new MX5s are not cash buyers. They’re not even financing the entire cost of a car. 90% of new car purchases in the UK are now PCPs. You’re only financing bit of a car, the depreciation over 3 or 4 years.
My second biggest purchase, after my house, has been a £25k conservatory. 60% up front, cash please, delivered 2 years too late and 100% British. The British manufacturer forgot to supply the glass. The British builder kept badmouthing the Irish company who did my £6k driveway (done to schedule, payment only by bank transfer on completion), the Albanian chap who did my patio and fencing for £3k (also insistant only on bank transfer to his business account, upon completion, as he was very keen to properly regularise is business).
If I decide on a nice new MX5, if I purchased in the way that 90% of owners do, then its costing me £17k, a long way behind that conservatory.
I’m spending the thick end of £7k this year for a couple of extended trips to Thailand (£1500 in airfares per trip). If and when I get another car, it might be the 6th or 7th biggest purchase, someway behind that new kitchen I need (£5k, payment up front) and bathroom (£5-10k).
I’ll never buy a new car. I’m a Director of Research for a FTSE listed company, and I choose a 27 year old grey import Roadster and a 19 year old Jaaaag. Between the two cars, I barely put on 4k miles a year. My sister, one of those underpaid school teachers, meanwhile has just taken delivery of another JCW Mini, on a PCP. Its an arrangement that suits her.
The explosion in attended car washes in the last decade shows how our relationship with cars has changed. I rarely see anyone on my street spending their sundays scrubbing a car in the drive. Its either £5 in the jet wash at Asda or the local splish and splash.
I think we can have a discussion of cars, irrespective of the politics of national origin.
Here in Thailand, the roads are full of mostly Japanese, Korean and Chinese branded cars, though most of these will be Thai assembled. The Havals and BYDs are pretty sharp looking cars (BYD being interesting, given Warren Buffett’s shareholding). The Ora Funky Cats less good looking, or rather, more curious looking.
What is interesting is, scanning the used ads, used MGs in Thailand are about the same as used Hondas and Toyotas. Suzukis are strong money.