What o you think of this deal? New Ford Fiesta £65 per mth 4.9%

Ling_Valentine

Contessa wrote: »

Indeed my car is a "she". One or two have been "he" (usually the Scandinavian ones I have owned). Many have also had names. I don't have a close relationship with my fridge. But my car is different-I spend many hours with her and she takes me safely about 18000 miles up and down motorways each year.

No, YOU take yourself safely up and down motorways. Just as Tom will drive safely, I guess.

The car contributes when an extreme situation pre or post-collision occurs, beyond your human input. In that case "SHE" may give you a right slap in the face, abdomen, chest or thigh. SHE may remove a leg or an arm, or break your back or neck. Some cars can be so horrid to take your eyes out. Others smash your ankle. Others kill pedestrians instead. On the other hand "SHE" may treat you kindly...

Be careful, your feminine friend may turn into a right Frankenstein cow Tell me the make and model, I'll tell you which part of your body you are most likely to lose when you find out the car is really 1500kg of metal, plastic, rubber and glass.

This is quite the truth, not some pretend car personality world. I would say, naming a teddy bear is a safer option.

winanyway

taxiphil wrote: »

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So after 5 years I've given you £10k and then have to hand the car back to you. However if I'd bought the same car for £10k, it would last me about 10-12 years. (Alternatively if I chose to sell it after the first 5 years I'd have a hefty deposit towards my next car, compared to a deposit of ZERO if I'd been leasing for those 5 years).

However you dress it up, the simple fact is that leasing or borrowing costs more in the long run.

I think your missing a trick here.;)

If you keep a 10k car for 12 years you have an asset worth zero,and you would have had many years of unhappy motoring driving an old banger.

By leasing sure you pay much more over that period.

But every 2 years or whatever the term of your lease you get all the safety and comfort and ease of driving that the advancement in a new car brings.

what price that.?

And of course keeping up with the neighbours an absolute essential to British life.Priceless.:D

Ling_Valentine

Also note that most people have a change in circumstance (job/family/lifestyle) and VERY FEW keep a car 12 years.

How miserable to be stuck in the same budget £10k car that long!

To put £10k of liquid cash into a car needs careful consideration. You never know when you might need that cash. If, 10-years ago you had put it into a house extension, it would be worth far more today. A car is not an investment opportunity and never will be.

credit_crunch_victim

cars have come a long way in the last 5 years
buy a 55plate 06 plate fiesta 1.4 tdci for 6000-00
3300-00 deposit get a loan for 2700-00 approx 120-00 a month
at the end of two years your car will still be worth 3000-00 and do it again
you will be paying 202-00 a month with your suggested package so a saving of 82-00 per month

Lemonade_Pockets

Lets face it people who buy bangers either can't afford new cars or would rather spend their money on something else. They are not likely to be converted by any of the reasons listed on here.

If your in the market for a car under 36months old. It is worth considering Leasing or PCP on a new one as it may work out cheaper, especially if you were looking at buying it on finance anyway.

If you want to pay cash for a new car fine do it. But if use some cheap finance realistically you could make your money work far harder for you by investing it elsewhere. - This is a moneysaving website after all isn't it.

Regarding the emissions thing. I don't disagree that producing new car's generates a lot of harmful gases. However a new car which emits less than the old one it replaced will gradually offset its production emissions and from then on it will be reducing our carbon footprint. It doesn't really matter if this process takes 5minutes or 5years it will still eventually reduce it.
If these incentives ever come to fruition they will merely speed up this process. By not waiting for cars to die before we replace them our overall carbon footprint maybe reduced in 10yrs instead of 15. Same applies to the airline industry etc etc.

Obviously i'm not using any facts here but the logic is sound - i think . Unless of course a new car will never recoup the emissions caused by its production - in which case we are all doomed.

Lemonade_Pockets

credit_crunch_victim wrote: »

cars have come a long way in the last 5 years
buy a 55plate 06 plate fiesta 1.4 tdci for 6000-00
px your old car which is worth 3000-00 get a loan for 3000-00 approx 135-00 a month
at the end of two years your car will still be worth 3000-00 and do it again
you will be paying 202-00 a month with your suggested package so a saving of 65-00 per month

Whilst casually ignoring that you own a 3yr old car which is out of warranty, needs MOTing, probably a major service and is vastly inferior to the new one!

MAYBE THE GUY JUST WANTS A NEW CAR/ THE LATEST MODEL!!!

credit_crunch_victim

the op last car was a 1996 citreon so that is highly possible
they also like the c2 which can be had anywhere for 5k 2006 model diesel
a 2006 car should not fail an mot on anything other than wear and tear items which are all cheap enough to replace

Ling_Valentine

credit_crunch_victim wrote: »

a 2006 car should not fail an mot on anything other than wear and tear items which are all cheap enough to replace

Wrong, Credit Crunch Victim..

First (3rd year of car's life) MOT fail items, figures from VOSA.

21.6% fail on the first 3-year old MOT date.

1. Lighting and signaling - 271,567 cars

2. Tyres and wheels - 155,489 cars

3. Drivers view of the road (Cracked/chipped windscreens, other obstructions) - 120,095 cars

4. Brakes - 110,327 cars

5. Steering and suspension - 99,798 cars

6. Fuel and emissions - 23,634 cars

7. Registration plates and VIN (vehicle identification number) - 19,047 cars

8. Seatbelts - 11,271 cars

9. Body and structure -7,705 cars

10. Road wheels (loose, missing wheel nuts etc) - 5,746 cars

Frightening!

Bring in a first and second-year MOT test, I say!

credit_crunch_victim

you get faults on brand new cars have you got any figures on that
how many new cars go back to dealers for faults recalls and repairs let alone paintwork etc before they even hit the showrooms
all the emission failures will be under warranty unless they are being used with no mot
3 yr old cars failing on seat belts i have never seen a car fail on a seatbelt in all my life

Ling_Valentine

credit_crunch_victim wrote: »

cars have come a long way in the last 5 years
buy a 55plate 06 plate fiesta 1.4 tdci for 6000-00
3300-00 deposit get a loan for 2700-00 approx 120-00 a month
at the end of two years your car will still be worth 3000-00 and do it again
you will be paying 202-00 a month with your suggested package so a saving of 82-00 per month

Everyone is an expert motor-dealer. Why more people don't run garages, I don't know?

Here we go: The new car is a brand new body shape (not facelift), which has universal agreement that it replaces a good car with a fantastic class-leading car. Channel 4 4car say:
The new Fiesta is 40kg lighter than the outgoing model, despite extra sound-proofing and added safety features, and this helps to make it much more fun to drive than the rather disappointing outgoing model. Better-looking, more refined and comfortable, and - crucially, these days - more economical to run, it's a vast improvement, and it sets a new standard for mainstream, low-cost small cars.

For the older model, you ignore all the servicing & MOT, tyres, exhaust, brakes and repair (no warranty) costs of the older car, and the additional equipment and safety improvements and the free road tax (for lease term) on the new car.

You ignore all the time and effort needed to secure those prices you quote. As the motor trade shows, selling a used car lately is hard, there is oversupply.

You ignore the fact that (even though your nickname is "Credit Crunch Victim") there is a massive risk and no-one knows what the value will be in 2-years. It could go up or down. What is the economy crashes more and demany further declines? That is risk. Whereas with a lease you have exact budget figures. To pretend you can predict it... well, become an expert motor dealer overnight! Polish off your crystal ball.

Plus slightly better fuel consumption.

Plus, use £2700 of that deposit for something more important in the short term, or retain it liquid for security (for example if you become a Credit Crunch Victim).

This closes the gap massively (if not completely) and the bonus is you are driving a fully warranted, safer for your family, AA-covered brand-new shape Fiesta.

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On the other hand, you could save even more than you claim by finding and running a 1976 version. I was 3 years old in Mao's China! I'm not sure which is worse