Following on from my question about sunroofs and roof racks i have another question about the car. The car i'm interested in is a 1997 Honda Civic automatic. A few have told me that automatics are very heavy on fuel and gearbox repairs and replacements are very expensive, Seeing as i'd be using it for short start stop journeys would it use a lot of fuel and is an 18 year old automatic gearbox a bit of a gamble?
I think any car is a gamble, but an 18 year old car is likely a low cost wager even if higher risk. Maybe an auto is a bit more dodgy than a manual and less practical to simply replace if problems arise - but total condition is more important - though personally I can't bear autos. Let's say the car's £1500 - if it lasts 3 months it's not the end of the world, and after maybe 6 months you're "in profit" so to speak. The tricky point is when the £1500 car gets a £1500 bill or even a £2000 bill. It can be worth paying as you've now got a car with a new gearbox or whatever.
I bought a £2k 10 year old Saab 5 or 6 years back - I still have it. Probably depreciated by £30k over its first 70,000 miles - and maybe another £1k over the subsequent 50,000 miles I've had. I've not been afraid to spend money on it each year - but so far within reason.
Buy a good un and old cars can be incredibly good deals. You do need to be Ok with the risk of having to scrap it which would be galling after 2 weeks. But this is not the disaster it would be for a £10k dud of course