Ever worth getting a new car?

SailorSam

My brother-in-law works for Vauxhall and changes his car every 6mths for a brand new on lease, the 'old' cars are sold on to the public well below the cost of a new one but are perfect condition. No doubt Fords do the same.

bluesnake

Cluckers21 wrote: »

ive order a brandew new VW polo with added mulitfunction steering wheel and satnav/radio system.

its costing me £14k on a plan where i pay monthly for 3 yrs then can upgrade for a new one so i never have to pay for MOT

Or i can decide to carry on paying and keep the car or even hand the car back and i owe nothing.

Its up to you really...but if your looking at new cars make sure you look around.

I got a deal where i dont pay tax or insurance for a yr (get it for free from vw) and then they paid £1k towards my deposit.

ive always had old cars and theyve always had issures that i just cant keep fixing.. this will be my first new car so im looking forward to the new warranty and no MOT bills


xx

This sounds very expensive. Considering you are paying a deposit then a monthly payment for 3 years. All the servicing must be done probably by a vw agent and the body and bumpers must be scratch free. At the end of 3 years no car. If you wish to buy the car i have never heard anyone say they psid market prices, but have heard 1000's above the market price was asked for

So tell us the figures, how much is the deposit and payments that makes it a good deal?

vikingaero

Whether a new car will suit you depends on your own personal finance and circumstances. If you can afford it and you need it then go for it.

Many MSE'ers bang on about their £500 bangers that they service themselves and fix every fault. Well hello, not every has the time or knowledge to do so.

If you need a new car to carry out your job and leisure activities along with the reassurance of a warranty then go for it.

scaredofdebt

Generally no, unless you have more money than you need.

If you got the brand new Fiesta for £10k the base model for example, for the same money you could get a top of the range one a few months old.

Or a better car etc.

forgotmyname

You can get a 2 year old fiesta for around £6000 with under 10,000 miles.

£8000 it must be weeks old??? But 30k miles???

Have you looked on the autrotrader website?

Makes me smile at what some people value cars at.

Whats a 54 plate mondeo estate diesel worth? 6 Speed. Anyone want to give me £3k for it?

OK i only paid just over £2k for it over 3 years ago but... Im greedy

Cars are cheap if you look hard enough and haggle. You HAVE to haggle

oliverr

You can get a couple of year old Fiesta for under 30,000 miles for less than £8,000 - more around the £7,000 mark I would say.

If you have the extra cash, go for the new car - but you will suffer depreciation wheras a lot has already dropped off the price with a second hand car. And, it's likely to cost more than £10,000 - as others say, that's for the base spec model most likely.

Have a look at car supermarkets, loads in stock to compare side by side to and are usually (not always) cheaper than main dealers.

kkgree1

I'd also recommend car brokers or websites like drive the deal.

Lots of deals about particularly on Fords.

I got a brand new Fiesta Zetec (mid range car) for £9,800 18 months ago. It was better value for me to buy new rather than used as Ford apparently have quotas to fill so try and catch them on a quiet month!

Librarylottie

Hi
I work in a library and will be down to only my contracted hours for next 2 years and then - well who knows?? My husband is currently away and returns in March so will hopefully add to the household income. ( He cannot currently )

I bought a 1yr old Fiesta Zetec last year and it now has 13600miles on the clock. I bought this outright with some money left to me by a relative - so no finance to pay off.

I have been offered a a new Fiesta Zetec with all the extras I have on my current car - but which will cost only £85 per month for 2 years - and Ford give £2,650 cash back in a cheque so can put this in a separate account and set up direct debit so no extra cost to me for 2 years at all - apart from servicing which I have paid for on service plan but not yet had to have a service on my current car.

My current car had to have 2 new tyres a couple of months ago and the rear 2 are only just ok - soon need replacing - plus the electric window device had to be seen to recently too.

I will reach retirement age at the end of this year and will get a small lump sum of a couple of thousand so am really tempted by this offer - I have never owned a new car but I see this as an opportunity not to have to pay until the end of the 2yr contract when I can either give the car back or pay off that still owing or start another "rolling contract" if we still have need of a car and my husband should then be in work of some kind.

I just wonder how I can maybe "haggle" or if this too good to be true 2 year payment by the supposed "cash back" is pulling the wool over my eyes??

Comments please????

forgotmyname

But with a contract your paying £2000+ a year to rent the car. Nothing to show for it.

But a car for £4000 and in 2 years you still own it. And have cash in your pocket.

It works for some. But its not the cheapest option for many people. What if your work stops. You still have to pay the rest of the term.

Johnmcl7

There's no answer to this question as there's plenty of reasons for a car purchase and everyone is going to have an opinion on it.

I've always bought my cars outright second hand at around two to three years old when they've lost a good chunk of their depreciation but still in very good nick. I was tempted to buy a new car last time as I was struggling to find the model and condition I wanted second hand but while I could afford it, I just couldn't stomach losing the £10,000 the three year old cars I was looking at had already lost.

I ended up buying a three year old car which has generally been fine bar a couple of sensor problems which are an annoyance but more for having to get the car to the garage and back and any issues before then because of the failed sensor. Not having the warranty hasn't really been an issue for these failures as the repairs have been inexpensive and they can and do occur on newer cars of this type while under warranty. The main cost has been servicing, MOTs haven't cost much as the worst MOT it's had was an advisory on a slightly discoloured indicator bulb.

John