Would you buy a new car?

nappy501

No, I would never buy a new car again. If I was thinking new, I would get a car that is a 3 to 9 months old.

Years ago we were left in the position where we went to pick up our new car, to find out the car was the wrong colour. We had ordered white and they gave us a red car.

LincolnshireYokel

BobQ wrote: »

So by that reasoning you woild never take a luxury holiday (I am not talking about week in Majorca, a proper holiday) because at the end all you have is memories and you have lost all the money it cost you

Or buy a new suit? Or a new television?

In fact there are very few consumer products that do not depreciate from the day you buy them.

Thats correct. The art of being rich is to get somone else to pay for the things that depreciate, and only spend your own money on property, gold, jewels and art.

This is exactly what most rich people do, including celebrities.

getmore4less

MoneySavingUser wrote: »

Are there any models coming to end of their lifecycle within the next 12 months which may have similar deals?

Octavia might have some deals, due for replacement soon but they have run out some engines/varients allready.

getmore4less

jaydeeuk1 wrote: »

Disagree with the computer bit, they're that cheap nowaways it isn't worth trying to save 10% on a second hand one thats been left on 24/7 with a cheap PSU thats on its last legs.

With the car, yes if you're the type of person who has a sh*t fit when the price of petrol goes up by 2p, then don't ever buy a new car. Or any car for that matter. Otherwise I'll be reading about you in the papers for doing a Tony Scott.

With computers you can buy new because the older tech is available in new builds.

So the desktop are £250 laptops £300 have been for years they just get better specs as it moves on and a big chuck of that is windows.

With cars like VAG group you can get the tried and tested tech in a Skoda and not pay £5k+ just for a VW or audi badge .

there are also some anomalies on the depretiation look at Octavia scouts.

In dec 08 they were avaialble at £15.5k now dealers want £12k-£14k for 58 with sensible mileages(<60k). so even at trade in prices the hit is not that bad.

petrol VRS and you will cry

You also need to be looking at the discount dealers like drive the deal for the real selling prices depreciation against list is very misleading.
http://www.honestjohn.co.uk/best-deals/new/
you can also check the historic prices looking at the deals news history.


One issue at the moment is to many people think small cars are the way to go so they are a premium, the saving on the tax and fuel don't outway the extra upfront costs.

£20k for a polo:rotfl:

gilbert_and_sullivan

Only bought one new vehicle, luckily the price and popularity went up after we'd bought it so in 3 and half years when sold on it had only lost about 30% of the price paid...selling on wasn't the plan, but our car needs changed and the load carrying capacity was no longer needed so a tiny car replaced it.

Pure luck though, doubt that would be repeated, most seem to lose over 50% in that time.

I would buy new again but only if the car came with a proper warranty, which excludes VAG group and their version of customer care, and some other makers who stick to 3 years and you're on your own idea of quality or customer care.

Would only buy new with a minimum warranty of 5 years and 100k.

We usually keep our cars for a very long time, 10 years plus, so depreciation isn't a problem.
I do most of the run of the mill maintenance myself and i have a trustworthy indy to do the specialist stuff, good cars will last for many years if looked after properly, but there are some makes i wouldn't touch with a barge pole, those that are high on image but prove low on durability.

Tobster86

It depends on your view of cars. Brand new cars aren't an option for me because I'd have to spend at least £35k to have more satisfaction than what I get from older cars.

For the low end of the new car market, say £6k for a Kia Picanto, you can get a hell of a lot of not particularly old extremely nice car with all the toys you can imagine.

I think small underpowered cheap cars are disgusting. Bogeys and pastry crumbs can be vacuum cleaned out of a car, crap engines can't be.

peter_the_piper

It depends what you want a car for. If its a toy and you want lots of fun and enjoyment out of it then an expensive, maybe preowned , is for you. If its a means of getting from A-B in reasonable comfort and as cheap to run as possible then it maybe a Kia Picanto type with long warranty is for you. You pays you money and gets your choice.

ani_26

vl2588 wrote: »

The ex prostitute would be more experienced

Love that analogy. My car is definitely an ex prostitute. :rotfl:

flashg67 wrote: »

I do like a new car but have found they're not new for long! Had mine not much over a year but we've had 2 (soon to be 3) plate changes since then.

Love the new car smell too!

It's alot of money for a new car smell? I believe you can purchase new car smell air freshners, these days?

cyclonebri1

vikingaero wrote: »

You can still buy new things if you can afford it. The key is to save money on the price of that new thing. It's a bit like those pointless surveys/PR announcements that you can save £xxx per annum if you give up shop bought coffee. Who cares? I can afford £xxx on coffee and can spend my money on whatever I like!:p:D

Yes of course you can, but there is no need to buy a new car, that's my point, and you can spend your money on what you want:T
So can I.
I can also afford new cars, and do you know why?, it's because I don't but them new
;)

If there is one area in life where money can be saved with very little loss of function, it's when buying cars.

This is MSE remember.

cyclonebri1

BobQ wrote: »

So by that reasoning you woild never take a luxury holiday (I am not talking about week in Majorca, a proper holiday) because at the end all you have is memories and you have lost all the money it cost you

Or buy a new suit? Or a new television?

In fact there are very few consumer products that do not depreciate from the day you buy them.

Not at all, you can't buy a 2nd hand holiday can you.

You go on holiday for 2 reasons, the experience and the memory.

I don't want to experiencing emptying my pockets or remembering doing it.

Ok I'm being flippant but I now a few people that have said to me,
"Just for once in my life I want a new car"

And when they have had all the issues of sorting problems out under warranty, those same folks say, "I'll never buy a used car again"


The depreciation issue is almost a given if you exempt property, it's the scale of and the immediate effect of depreciation that makes the difference with cars.
Buy a TV from argos or online, get it home, try it out, what? you don't like it now?
Then take it back, no charge.
Try doing that with a car.

Which is why the analogies don't really work.