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Bangers and cash
Before we leave the subject of motoring, we bring news of Andrew Battles at Cairn Energy and the concept of ‘Bangernomics’.
‘I have mates who regularly buy tiny-engined, sub-£200 cars for expensed mileage,’ he says. ‘I call it madness. But if you can live with horrendous colours and smells, there are real bargains to be had.
‘I bought a new Ford Ka in 1998 and used it to travel the highways for an IT services firm. I reached 120,000 miles by 2003 before the electric windows stopped working when down and its days became numbered.
‘Needless to say, the mileage was fully expensed so at 40p per mile you could say that my firm bought and ran the car for me nearly twice as long as I had it. Despite its horrific state, it was valued at £2,000 for trade.’
Which he then used as leverage to buy a car he could be proud of. But does it make five years of being laughed at OK?
That's what I call Bangernomics, well done for keeping it going...
Posted by :James Ruppert | September 6, 2007 11:14 PM