Latest Reg cars!

ACID

Daft question but do peopel really shell out for a brand new reg

Ive seen quite a few 11 plates

although its fewer then when the scrappage scheme was on!

FOr example a 11 plate BMW would be how much>

Would they negogiate a deal from elsehwere??

sorry for the silly question but ive always wondered about this.

rev_henry

Company cars/lease cars/motability cars? Aside from this yes they must do!

bigjl

Erm, well if people didn't where do you think used cars come from.

As an example my parents have only had two used cars during their married life. And they where biught when they moved up.to two cars instead of 1, the other car being purchased brand new. My brother in law has never bought new only ex demo but my sister always buys new also.

I suppose there is no such thing as a daft question, but yours is indeed a little bit "out there"

Keith

We bought our first new car last year, I'll never buy another second hand again, but I know it's at a cost which some won't like. My FIL bangs on about how much it lost when we drove it off the forecourt.

Looking around our street there isn't many over 5 year old cars now, things must be getting better.

dizzyblonde82

Bought a brand new car last year which my husband is now driving and Im getting another new car on Saturday, so yes some people do buy new reg cars.

Flyboy152

ACID wrote: »

Daft question but do peopel really shell out for a brand new reg

Ive seen quite a few 11 plates

although its fewer then when the scrappage scheme was on!

FOr example a 11 plate BMW would be how much>

Would they negogiate a deal from elsehwere??

sorry for the silly question but ive always wondered about this.

There are many deals out there, which are often the same as, or even better than, buying nearly new.

marlot

A lot of people like the comfort of the manufacturers warranty, the thought of being the first owner, the ability to specify the extras they want, and the easy buying experience (it tends to be a lot quicker buying new, instead of going from dealer to dealer looking at nearly new).

I've bought new, nearly new and seriously old and can see the attractions of each.

We have three cars - two bought new, one nearly new. On the new ones we got the best prices from internet brokers and used that as our target price with the dealers. In both cases we got new cars for around the typical advertised prices for 6 month old or ex demonstrator models.

sillygoose

Over half of all new cars are company ones on various lease schemes.

As the cost to lease is basically its cost price minus its resale value in 3-4 years time (+ service costs). divided over 36 or 48 months. A BMW or an Audi can be cheaper per month than a say a Renault which loses value like a sandcastle when the tides coming in.

Also manufacturers give fleet/lease buyers discounts that normal buyers can only dream of but its pretty secretive as it would harm second hand values if the ordinary punters knew that that the car had been bought so cheap in the first place. The lease company got over 20% off my new Honda, try that in a showroom.

This is why 80% of Audi's are sold to companies and 80% of Kia's to private buyers, when its someone else's money badge matters more than value. When its your own money value matters more than badge!

Kilty_2

sillygoose wrote: »

This is why 80% of Audi's are sold to companies and 80% of Kia's to private buyers, when its someone else's money badge matters more than value. When its your own money value matters more than badge!

Spot on however I can see this changing over the next few years - Kia and Hyundai are gunning for the fleets with the warranty giving strong residuals (Kia approved used cars ie ex hire cars etc come with a full 7 year warranty, for example)

ukjoel

What you need to look at isnt cost of a car but cost of ownership.

You see the retail price but lease rates are very different.

A 30k retail price Vauxhall would be available to a motability customer for under £500 or to a lease driver for a company car tax of £150 a month.

50% of car sales are to lease companies.

If you look at retail sales a large proportion are to employees or affiliate customers who are looking at 30% discounts.

Everyone else just needs to shop around at drive the deal, autobytel or any other broker to get a similar saving.

Often a new car is cheaper than a year old one because of the huge amount of manufacturer supports placed on it.

johnatho

I just bought a new 11 reg car, my first in my 47 years of driving.

I used to buy old bangers, but when I retired and got a lump sum for my pension I thought, what the heck it will be the last car I ever buy.

5 years warranty and servicing all paid for.

All I need to buy is petrol for the next 5 years.

I love it when people come up to me and say, that's a nice car, did you get a good finance deal? and I reply no, I paid cash. The expression on their faces is worth the money.

And if I don't sell it, how can I lose money?

Might not be moneysaving, but you can't take it with you.