Please advice me - buying a car

glasgowgirl2

Hi there,

Im thinking of buying a used car 2012 number plate, toyata yaris 1.0 VVT, 5550 miles. Price quoted is 7988. The car will cost me £8946 after 3 years. This includes 2 services and 1 MOT over 2 years. Car is in manufacture warranty for next 3.5 years.

1) Im buying Yaris because I am a new driver.
2) Im buying a 2012 number plate because I think it will be easier for me to sell this car.

I'll end up paying £211/ month and a final payment of £561. I was wondering if this quoted price sounds ok to others?

Many thanks for your time and help,
S

Rain_Shadow

Is it a '61', '12' or '62' plate?

jaydeeuk1

Personally, I wouldn't buy a new car if a new driver. You say it will be easier to sell, well it won't be when the alloys are kerbed, and wings are dented. Are you buying the whole amount on finance? How much are you able to afford as a lump sum?

londonTiger

i dont think it matters if the car is 2011 or 2012 when it comes to selling it in 2016

Strider590

Won't be worth much when you inevitably prang it, you won't be able to go via insurance because being a new driver and so your premiums will rocket (that's IF they don't refuse to quote you), so then you'll have to get it repaired yourself (can you afford this is if your paying £211 a month for the car?) or it won't sell on.

glasgowgirl2

Many thanks for all your replies.

@rainshadow: it's a 12 number plate with a March 2012 registration date.

@jaydeeuk1: I'm planning to put down £1000 upfront and financing the rest. So £6988 + service plan is (approx £7267) financed.

@londontiger: sorry but could you elaborate a bit on how this would be true. I mean isn't selling or trading in a newer car easier/cost effective than an old one (again assuming that both are in a similar condition in every possible way at the end of 3 years from now).

@strider590: I agree with you that i might prang it but wouldn't the probability for that be the same for an older car too- like a 2010 or 2009 make. Wouldn't their value decrease further or premium would increase in a similar fashion if I damage them (in comparison to a newer model). Also with regards to insurance, I was surprised to find no significant difference in cost/month if I buy a 2009/2010/2011 or 2012 model. However you might be correct about the premium rise being more on a newer model. But then should I base my decision on a potential accident or value for money? Sorry but I am just trying to understand this holistically

londonTiger

glasgowgirl2 wrote: »

@londontiger: sorry but could you elaborate a bit on how this would be true. I mean isn't selling or trading in a newer car easier/cost effective than an old one (again assuming that both are in a similar condition in every possible way at the end of 3 years from now).

If you're a trading in a car today, yes it will make abig difference whether it's 11 plate or 12 plate.

However in 2016 (into the distant future) the 1 year difference will be largely immaterial.

If I were in your shoes if you could get an equivalent car that is 11 plate which is substantially less (like £500 less) Iwould take that one instead. But this comes down to personal choice.

oliverr

So hang on, the car costs £7,988 but with the 2 services and MOT it goes up by £1,000?! If that is the case it sounds pretty outrageous, but the original £7,988 doesn't sound too bad.

eschaton

The £7988 seems like a good deal but forget the extras and pay £7988.

Is the extra cost solely for servicing and MOT?

A 2 year / 24k miles service plan from AC should be from £279.

AC aren't cheap for servicing, they wanted £330 for my last service in January and I got it done for just under £100 at a specialist.

Beachview_2

jaydeeuk1 wrote: »

Personally, I wouldn't buy a new car if a new driver. You say it will be easier to sell, well it won't be when the alloys are kerbed, and wings are dented. Are you buying the whole amount on finance? How much are you able to afford as a lump sum?

I drove my Mum's new car when I passed my test and I didn't dent it or kerb the alloys. Maybe a new car makes a driver more careful as they really don't want to damage it. If someone's in an old banger, they might not care as much if it gets damaged.

glasgowgirl2

After reading all the posts I think I need to look for more options. Thanks all for your time )