Is it wise to buy a 'soon-to-be' older model of car.

logie48

Just a quick question for you guys.

I know this may not be the best place to ask this question but i'll throw it out anyway .

I'm looking to buy a car, which is around a year old. It's actually a lovely Honda Civic Si 2.2 Ctdi.

It's a good price i'm getting it at; 12.5k for it at 11 months old when they cost around 19k new.

But the only thing that is really putting me off is the fact that the 8th generation civic's are now being replaced by the new 9th generation due out at the start of next year.

Question is, would it be wise to go for this, as i've heard a few people say 'it will probably devalue pretty steeply by the time the new model comes out'?

I know it may be a bit hard fast forward into the future to see if this will happen with the 'soon-to-be' old civic's? But I just need a bit of advice in general to quell my doubts.

Many thanks in advance.

Wireless_2

I'd delay the purchase until the new model is out if I could, then you'll benefit from any drop in price of the old model.

Buying a late old model is a good idea, because any and all faults with that model will have been discovered and corrected by the end of the manufacturing run, and generally the car will be best equipped as the manufacturer added more luxury as standard features as the car neared the end of manufacture. Not something you can say is the case with all new models that go on sale to the public.

rodenal

I would echo that, check when the new diesel is released as you would expect latest of the last shape will drop in price a bit. It won't affect older cars so much.

Having said that check the price of the car you are looking at against others as that seems a good price for the car, it's a great engine (a car I just so happen to have been looking at over the weekend, though an earlier car) though some of the interior combos can be a bit...odd. The new (forthcoming) civic is nothing short of disgusting however, which is a shame!

reeac

It's a good gambit especially if you plan to keep the car a long time. I seem to recall reports of excessive oil consumption with that engine but maybe they've cured that now.

Hammyman

Another here for hanging on for the new model to be released. I bought my MK3 Mondeo just after the release of the MK4. It knocked £100's off the value of the MK3s.

motorguy

logie48 wrote: »

Just a quick question for you guys.

I know this may not be the best place to ask this question but i'll throw it out anyway .

I'm looking to buy a car, which is around a year old. It's actually a lovely Honda Civic Si 2.2 Ctdi.

It's a good price i'm getting it at; 12.5k for it at 11 months old when they cost around 19k new.

But the only thing that is really putting me off is the fact that the 8th generation civic's are now being replaced by the new 9th generation due out at the start of next year.

Question is, would it be wise to go for this, as i've heard a few people say 'it will probably devalue pretty steeply by the time the new model comes out'?

I know it may be a bit hard fast forward into the future to see if this will happen with the 'soon-to-be' old civic's? But I just need a bit of advice in general to quell my doubts.

Many thanks in advance.

Speaking as a Motor Trader, i would be going against the advice given so far.

Personally, i'd negotiate hard for the car that you've looked at and are happy with.

The new Civic may not be out until Q2 next year and by the time they are available in numbers thats probably going to be Q3 before they really hit the road.

By that stage the car you are looking at will be two years old and therefore quite far away from being new and being impacted hard by the arrival of the new one.

It sounds like you are getting it at a reasonable price. If you need the car now focus on the deal now, not what may or may not happen next year.

If Honda are anything like BMW, Ford, etc, they will have already stopped making the current Civic and are selling off stock. This will help to keep demand high and discounts relatively low as stocks start to dry up. Equally new cars will be in short supply initially and discounts will be low. Overall this means that you wont suddenly see a massive amount drop off the value of two year old ones overnight.

mikey72

pgilc1 wrote: »

Speaking as a Motor Trader, i would be going against the advice given so far.

Personally, i'd negotiate hard for the car that you've looked at and are happy with.

The new Civic may not be out until Q2 next year and by the time they are available in numbers thats probably going to be Q3 before they really hit the road.

By that stage the car you are looking at will be two years old and therefore quite far away from being new and being impacted hard by the arrival of the new one.

It sounds like you are getting it at a reasonable price. If you need the car now focus on the deal now, not what may or may not happen next year.

If Honda are anything like BMW, Ford, etc, they will have already stopped making the current Civic and are selling off stock. This will help to keep demand high and discounts relatively low as stocks start to dry up. Equally new cars will be in short supply initially and discounts will be low. Overall this means that you wont suddenly see a massive amount drop off the value of two year old ones overnight.

I agree with this. Our Zafira A was the last of the old models, only a few months old, and the Zafira B was out a few months later.
We got an excellent price, all the problems with that model had been taken care off, and the price dropped when the new model was annouced, it didn't drop again by much when the new model actually came out. Having said that, we still have it, so the resale price doesn't really matter anymore.

Make sure the services have been carried out correctly, and the warranty is intact though.

logie48

Thanks for your input guys.

I really want this car. I would plan on keeping it for around 4 years, in which similar models at this age just now are selling for around £7k-£9k. As long as they don't dramatically fall from this level in the future, then i'm happy and would go with it.

motorguy

logie48 wrote: »

Thanks for your input guys.

I really want this car. I would plan on keeping it for around 4 years, in which similar models at this age just now are selling for around £7k-£9k. As long as they don't dramatically fall from this level in the future, then i'm happy and would go with it.

Then i would definitely go for it. :beer:

FlameCloud

I've got an 09 plate Type-S GT CDTI thats going back next spring and I'm not looking forwards to it. The diesel engine takes a bit of getting used to- its alot more rev happy than most but aside from that its a great car. Only negative of it is the truly awful visibility for parking- strongly recomend parking sensors!

fatbelly

2.2 i-CDTI was never fitted with a diesel particulate filter so this is one diesel model that could never have problems with one. Unfortunately this also meant the end of new 2.2 i-CDTI sales from January 2011.

I'd say that's a good reason to go for it.