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  • FIRST POST
    • aye_right
    • By aye_right 15th Jul 17, 2:59 AM
    • 5Posts
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    aye_right
    What are the cheapest new cars?
    • #1
    • 15th Jul 17, 2:59 AM
    What are the cheapest new cars? 15th Jul 17 at 2:59 AM
    My old banger gave up today and I'm seriously considering a new car on finance to replace it.

    I'm thinking that a new car will probably be 0 road tax (as opposed to £20 a month for my ancient KA) no MOT for a while and hopefully 100% reliable. I have worked out that my £600 banger that lasted me for 2 years cost me a lot in tax and repairs and stress.

    What are the cheapest new cars out there? I know the Dacia is the very cheapest, but are there other models not much more than the 5 grand? Am I going to be better getting a car a year or two old?

    All I want is a basic run around for 2 adults that is cheap and safe. Mostly town and country road driving.
Page 1
    • vikingaero
    • By vikingaero 15th Jul 17, 9:47 AM
    • 10,302 Posts
    • 12,998 Thanks
    vikingaero
    • #2
    • 15th Jul 17, 9:47 AM
    • #2
    • 15th Jul 17, 9:47 AM
    There's nothing wrong with a new Dacia, and the only negatives will be from badge snobs.
    The man without a signature.
    • bigadaj
    • By bigadaj 15th Jul 17, 10:10 AM
    • 9,961 Posts
    • 6,358 Thanks
    bigadaj
    • #3
    • 15th Jul 17, 10:10 AM
    • #3
    • 15th Jul 17, 10:10 AM
    Where's 5k from, looks like £7.5k as a minimum.
    • JP1978
    • By JP1978 15th Jul 17, 10:14 AM
    • 288 Posts
    • 220 Thanks
    JP1978
    • #4
    • 15th Jul 17, 10:14 AM
    • #4
    • 15th Jul 17, 10:14 AM
    Consider a 2nd hand car that has a longer than standard 3 yr warranty - like Kia - they have a seven year warranty, so even buying a 3 yr old car will get a 4 yr warranty (assuming that mileage limits are met and you keep it serviced to manufacturers standard)
    • worried jim
    • By worried jim 15th Jul 17, 10:19 AM
    • 8,543 Posts
    • 13,016 Thanks
    worried jim
    • #5
    • 15th Jul 17, 10:19 AM
    • #5
    • 15th Jul 17, 10:19 AM
    I've been in a few Dacia taxis in Turkey and all were fine. But you can pick them up second hand for peanuts so maybe get one a year or two old and save even more money.

    This is £5k and looks smart- http://www.autotrader.co.uk/classified/advert/201706306922365?sort=price-asc&advertising-location=at_cars&postcode=bn424sn&make=DACIA&radiu s=40&onesearchad=Used&onesearchad=Nearly%20New&one searchad=New&page=1
    "Only two things are infinite-the universe and human stupidity, and I'm not so sure about the universe"
    Albert Einstein
    • Iceweasel
    • By Iceweasel 15th Jul 17, 10:23 AM
    • 4,193 Posts
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    Iceweasel
    • #6
    • 15th Jul 17, 10:23 AM
    • #6
    • 15th Jul 17, 10:23 AM
    There's nothing wrong with a new Dacia, and the only negatives will be from badge snobs.
    Originally posted by vikingaero
    I agree - nothing wrong with Dacia -they have been part of Renault for several years now.

    As for £0 tax - that only applies to purely electric 0% emissions cars.

    You can check all car tax rates here:

    http://www.nextgreencar.com/car-tax/make-model/dacia/sandero/
    • wgl2014
    • By wgl2014 15th Jul 17, 10:30 AM
    • 271 Posts
    • 146 Thanks
    wgl2014
    • #7
    • 15th Jul 17, 10:30 AM
    • #7
    • 15th Jul 17, 10:30 AM
    Agree with what's already been said.

    Purchase price is only one of the costs involved, a 2 or 3 year old car that has had a chunk of depreciation knocked off could be your best bet. I wouldn't worry too much about a warranty, with the money saved you can stick it away in a savings account and use it for any repairs. I would suggest that a cheaper more basic car also has less to go wrong and will be cheaper to fix.
    • forgotmyname
    • By forgotmyname 15th Jul 17, 10:57 AM
    • 25,695 Posts
    • 10,209 Thanks
    forgotmyname
    • #8
    • 15th Jul 17, 10:57 AM
    • #8
    • 15th Jul 17, 10:57 AM
    If your current tax is only £20 then your KA cannot be that old. New shape from 2009 so 8 years old max?

    Why is it dead?
    Punctuation, Spelling and Grammar will be used sparingly. Due to rising costs of inflation.

    My contribution to MSE. Other contributions will only be used if they cost me nothing.

    Due to me being a tight git.
    • Tarambor
    • By Tarambor 15th Jul 17, 11:00 AM
    • 1,153 Posts
    • 798 Thanks
    Tarambor
    • #9
    • 15th Jul 17, 11:00 AM
    • #9
    • 15th Jul 17, 11:00 AM
    My old banger gave up today and I'm seriously considering a new car on finance to replace it.
    Originally posted by aye_right
    Then you're an idiot if you do. Don't buy a car on finance. Don't buy a new car unless you like setting fire to money
    I'm thinking that a new car will probably be 0 road tax (as opposed to £20 a month for my ancient KA) no MOT for a while and hopefully 100% reliable. I have worked out that my £600 banger that lasted me for 2 years cost me a lot in tax and repairs and stress.
    I can guarantee that the 2 years of repairs and tax are a damned sight less than the depreciation hit you'll take in the first year with a new car and the stress of knowing you have to meet a 3-5 year finance deal when you have a drop in income will be higher than the inconvenience of having to fix your banger. Yeah you're correct you won't have a MOT but you will have higher servicing costs which will far exceed the £30-£55 cost of a MOT as it will have to be serviced to the manufacturers specification using genuine parts in order to maintain the warranty.

    Am I going to be better getting a car a year or two old?
    What do you think?

    All I want is a basic run around for 2 adults that is cheap and safe. Mostly town and country road driving.
    4/5 year old Ford Focus.
    Last edited by Tarambor; 15-07-2017 at 11:05 AM.
    • RichardD1970
    • By RichardD1970 15th Jul 17, 11:04 AM
    • 2,581 Posts
    • 3,774 Thanks
    RichardD1970
    If your current tax is only £20 then your KA cannot be that old. New shape from 2009 so 8 years old max?

    Why is it dead?
    Originally posted by forgotmyname
    £20 a month.
    • RichardD1970
    • By RichardD1970 15th Jul 17, 11:09 AM
    • 2,581 Posts
    • 3,774 Thanks
    RichardD1970
    What do you think?

    Originally posted by Tarambor
    Be interesting to see a similar graph for a car costing £6,000 new, although I agree I would be looking at a 2-3 year old car with that budget.
    • Jackmydad
    • By Jackmydad 15th Jul 17, 1:01 PM
    • 496 Posts
    • 580 Thanks
    Jackmydad
    Cars that are a couple of years or so old have always made more sense financially than new.
    New might be very nice, but once you've driven it, it ain't "new" any longer. The initial depreciation is eye watering, and it gives a chance for the "early failure" period of components to be well over.
    • wgl2014
    • By wgl2014 15th Jul 17, 1:09 PM
    • 271 Posts
    • 146 Thanks
    wgl2014
    If you pay near list price then yes the initial depreciation is painful, if you can get a good deal it may start to make sense.
    I have gotten a few quotes out of interest online and have had offers of upto 28% discount on list. This means a new car is the same price as one 18 months old (roughly).
    • forgotmyname
    • By forgotmyname 15th Jul 17, 1:10 PM
    • 25,695 Posts
    • 10,209 Thanks
    forgotmyname
    £20 a month.
    Originally posted by RichardD1970
    I misread that but the old KA isnt £20 a month either, £120 a year?

    £12 or £13 a month?

    So not a huge saving especially as mentioned the depreciation in the 1st year will be approx £3000.

    That pays for a lot of repairs and tax.
    Punctuation, Spelling and Grammar will be used sparingly. Due to rising costs of inflation.

    My contribution to MSE. Other contributions will only be used if they cost me nothing.

    Due to me being a tight git.
    • aye_right
    • By aye_right 15th Jul 17, 3:44 PM
    • 5 Posts
    • 0 Thanks
    aye_right
    It was the head gasket that went on the KA.

    It was £20 per month tax, it was a 1.4 I think. I was shocked at how high the tax was on such a wee car.

    It wasnt just the cost of the MOT test, the KA needed welding, shocks and lots of work on the brakes to get through the MOT so was costly overall. I know all cars will need things like brake pads obviously.

    Food for thought. I definitely don't want another banger, will research slightly older cars.
    • DUTR
    • By DUTR 15th Jul 17, 3:52 PM
    • 10,876 Posts
    • 6,183 Thanks
    DUTR
    It was the head gasket that went on the KA.

    It was £20 per month tax, it was a 1.4 I think. I was shocked at how high the tax was on such a wee car.

    It wasnt just the cost of the MOT test, the KA needed welding, shocks and lots of work on the brakes to get through the MOT so was costly overall. I know all cars will need things like brake pads obviously.

    Food for thought. I definitely don't want another banger, will research slightly older cars.
    Originally posted by aye_right
    £240 a year seems high for a 1.4 car, my current Golf is £145 and the previous £265, depending how you are going to finace your purchase do consider a broker.
    • peter_the_piper
    • By peter_the_piper 15th Jul 17, 4:59 PM
    • 26,011 Posts
    • 32,893 Thanks
    peter_the_piper
    From watching tv it would seem worth trying for a bank loan rather than finance, the rates are far cheaper. Probably be able to haggle down more.
    I'd rather be an Optimist and be proved wrong than a Pessimist and be proved right.
    • thescouselander
    • By thescouselander 15th Jul 17, 6:49 PM
    • 5,210 Posts
    • 4,709 Thanks
    thescouselander
    Cars that are a couple of years or so old have always made more sense financially than new.
    New might be very nice, but once you've driven it, it ain't "new" any longer. The initial depreciation is eye watering, and it gives a chance for the "early failure" period of components to be well over.
    Originally posted by Jackmydad

    I always used to think cars a year or two old would work out cheaper (and in fact that's what I was buying) until I realised the discounts that were available on new cars - the difference between a year old car and a new one is barely anything a lot of the time. Now I don't bother with newish second hand and just buy new as it's less hassle and I can get the exact spec I want with no compromises.
    • Iceweasel
    • By Iceweasel 15th Jul 17, 7:06 PM
    • 4,193 Posts
    • 3,035 Thanks
    Iceweasel
    I always used to think cars a year or two old would work out cheaper (and in fact that's what I was buying) until I realised the discounts that were available on new cars - the difference between a year old car and a new one is barely anything a lot of the time. Now I don't bother with newish second hand and just buy new as it's less hassle and I can get the exact spec I want with no compromises.
    Originally posted by thescouselander
    I couldn't agree more.

    I used to buy a 2 years old car and sell it at 5 years old to avoid the 'huge' depreciation that I thought existed.

    Then I discovered with dealers 'promotion assistance', manufacturer's 'contribution', and finance company's 'incentives' that I could get a huge discount on a brand new car with the exact spec that I was always searching for, but never finding.

    On my current car I achieved 22.5% less than list price.

    When I went to collect it I realised that I was paying less for it than a 21 month old similar car standing on the dealer's forecourt with 20K miles on the clock and less of the extras that I had chosen.

    Just don't mention the word 'discount' - no-one gives discount - it's incentives and contributions you want.

    And don't pay cash up front - you'll get a better deal if you take the finance - and then settle it early - i.e. within a few days of collection.

    That way you pay only a few days interest and keep the reduction they offered as an incentive.

    Note that you do not cancel the finance - you just pay it off early - very early.
    • motorguy
    • By motorguy 15th Jul 17, 9:59 PM
    • 15,374 Posts
    • 8,775 Thanks
    motorguy
    Then you're an idiot if you do. Don't buy a car on finance. Don't buy a new car unless you like setting fire to money

    I can guarantee that the 2 years of repairs and tax are a damned sight less than the depreciation hit you'll take in the first year with a new car and the stress of knowing you have to meet a 3-5 year finance deal when you have a drop in income will be higher than the inconvenience of having to fix your banger. Yeah you're correct you won't have a MOT but you will have higher servicing costs which will far exceed the £30-£55 cost of a MOT as it will have to be serviced to the manufacturers specification using genuine parts in order to maintain the warranty.



    What do you think?


    4/5 year old Ford Focus.
    Originally posted by Tarambor
    For kick off, your graph is showing someone paying list price on a new car. Nobody does that for any "normal" car, thus your off a cliff depreciation wont apply.

    Secondly, if the O/P buys a brand new car at £5995, then runs it 10 years and scraps it, they'll still only have "suffered" £595 a year depreciation.

    Hardly burning money is it?

    I would personally spend the little bit extra on the next model up in the Dacia range, at £7,395. If you used their finance you get a £400 finance contribution and an extra 2 years warranty, meaning the spec upgrade is equivalent to just £995 and you're getting 5 years warranty.
    You are not special. You are not a beautiful and unique snowflake.
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