Mazda MX-5: Money, money, money

My fiscal policy

Credit crunch. Two words we’re no doubt going to be hearing more and more from now on. It seems that everyone, from big banks to the man on the street, is concerned about money and tightening purse strings and belts appears to be the order of the day.

So you’d think that this wouldn’t be a great time to be buying a new (or at least nearly new) car. Especially not something as extravagant as a two seater convertible. But is that necessarily true?

Of course there is the initial cost – back in May when we picked up our Mazda MX-5 it would have cost around £17,000. But that’s still considerably less than the list price of more than £21,000 - and yet it had barely done 1500 miles.

Lower running costs

Compared to my previous generation MX-5, the newer car is certainly cheaper to run, while being quicker and more refined too. Over the past 2500 miles I’ve averaged around 37mpg.

That’s actually higher than the official average figure of 34.5mpg – although I should point out that around two thirds of my driving is on motorways or dual carriageways and I do tend to drive it gently.

My old MX-5 only manages around 31mpg – so the new car shows a considerable improvement. Especially as the RC is slightly heavier and has a more powerful engine.

It’s important to remember that I’m comparing an old 1.8i with the new 2.0i. If I’d have opted for the 1.8-litre engine in the new car I could probably achieve fuel economy of more than 40mpg – plus it would be £40 a year cheaper to tax as it qualifies for VED Band E rather than Band F.

Who says you can’t have a new car AND save money?

Current mileage: 3783

Average mpg: 37.1