Would you buy a new car?

cyclonebri1

atrixblue.-MFR-. wrote: »

and money can be saved in new cars why is it you believe this section of the site is for used vehicles only when people want to buy brand new.

like has been said, move from dealer to dealer to get the best deals on the RRP and extras pitting them off eachother. OP wants to buy outright wich is fine no finance deals to contend with but smacks you in the backside getting a dealer to manouvor on things.

You need to read the 1st post to see what the OP actually asked

Which in a nut shell, was should he/she buy new or not?, not how to get the cheapest new car.
There's a world of difference between the 2 that I fully appreciate thanks.;)

Pipz

Quite an active discussion we have going

In fairness I did say I was open to methods of purchasing new that might save money and certain methods have subsequently been brought up in the thread for which I thank contributors.

With all substantial purchases I tend to weigh things quite carefully, quite accustomed to getting a vast quantity of quotes etc to find the best price hence this thread has been very useful.

I shall let you know how I get on and thanks again to all contributors so far

LincolnshireYokel

A Volvo S80 loses more of its value over three years than any other car, research shows.

It typically costs £32,229 new but by 2015 will be worth just £6,220, a drop of 80 per cent.

The best at holding its value is the £80,000 Porsche 911 Carrera Cabriolet, which will lose 45 per cent of its value in three years, making it worth £44,000.

Read more: http://www.dailymail.co.uk/news/article-2193903/Volvo-loses-value-years-car-sheds-80-showroom-price.html#ixzz24jnFH21D

Although if you take that as actual money, the Porsce loses more than the new value of the Volvo.

£36,000 would keep me in cars most of my life. In 40 years of owning a car, I dont think ive spent more than £20k on them so far.

getmore4less

where are they pricing the volvo

http://www.honestjohn.co.uk/deals/?cat=new&make=Volvo&mod=S80&pg=3

3 your old examples on autotrader seem to be more than the stated price.

as if they priced the highest spec against the a low spec high mileage example 3 years old.

colino

As Volvo is now Chinese owned and haven't turned out a real, different new car in years, they are going the same way as SAAB. Hardly a real measure of depreciation.
Have a look at lease car costs to guage depreciation. People are often pleasantly surprised how "prestige marques" compare on cost terms and while taking into account the increased maintenance costs, are still relatively cheap to lease because of their much higher residuals at 24 or 36 months.

coocoo51

Having had problems with second hand cars I swore never to buy another. In 1984 I had one of the Volvo 340s and that lasted until 2003 when the heater went kaput so it ages to clear the windscreen in winter. I bought the VW Golf E and that is my present car. Reckon I'd have had several more 2nd hand ones. It's also cost me a lot less than rental. As long as the car does what it's supposed to do - get you from A to B safely it doesn't really need to be high spec. or up to date.

BobQ

radion_auto wrote: »

It's a waste because you can get the same product (maybe only a couple of years old) for a greatly reduced price. Next to no downsides and some other schmuck has already taken the first big depreciation hit.

I don't understand the attraction of a new car - let somebody else run it in!

So you always buy second hand televisions, washing machines, suits, etc>

mustang121

I would only buy new if I can ever afford to buy out right. I like the appeal of new cars, but for me, no thanks. The fuzzy warm feeling of a new car and new car smell would quickly become old leaving me with x amount of monthly repayments.

No thank you.

In 26 years, when the mortgage is paid off, then I'll come back to this thread.

peter_the_piper

mustang121 wrote: »

I would only buy new if I can ever afford to buy out right.In 26 years, when the mortgage is paid off, then I'll come back to this thread.

I've just got to that point and have taken the plunge.

Alexwild

cyclonebri1 wrote: »

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.

MSE isn't just about the lowest price though, it's about the best value. A Proton will be cheaper than a Polo but it'll be crap in comparison so value wise the Polo wins.

In the case of the OP he wants a car in his exact spec with the engine/trim/options of his choice. He may save 20% by getting a pre registered vehicle but may not get the colour he wants and will definately not get some of the options he wants (dealers don't spec demonstrators with odd colour/spec combinations as they wont be able to sell them).

Saving 20% doesn't mean better value if you don't have the car you want and so don't fell the car is your own and end up selling it after 2-3 years for something else. If the right car for 20% extra means you keep it for 10 years, that's the better deal. Plus you get the added joy of taking delivery of a brand new car (I've had 2 brand new company cars with my choice of colour and options and it's a good feeling when they arrive)