Is it too much to ask..........

Ultrasonic

DUTR wrote: »

Disagree, it depends how long you intend to keep the car, I don't know of anyone who buys a brand new car, gets it home and then puts it up for sale.

I disagree . Even if you buy a new car and keep it for 10 years I still think you'd be financially better off to buy a second hand car (or even cars) instead. Whether the car is sold the day after purchase or years later, the first owner has still paid the initial depreciation.

DUTR

Ultrasonic wrote: »

I disagree . Even if you buy a new car and keep it for 10 years I still think you'd be financially better off to buy a second hand car (or even cars) instead. Whether the car is sold the day after purchase or years later, the first owner has still paid the depreciation for the first few years.

Here is a real life example, the car before the current one I bought for £x it was 3 yrs old,then I sold it 3yrs later for £0.6x , the current car I purchased for £y and it will be up for sale soon, I won't be asking as much as similar examples for sale but should get £0.33y but then I have had this car nearly 9yrs, I can tell you that (x-o.33x)/3 is greater than (y-0.66y)/8 . Putting money to the figures y=around £140 month and x nearer £160 month neither car needed money spending over the usual running costs.
Remember we came here with nothing and so shall leave with nothing, enjoy each and everyone of those miles from the showroom until you wish to change again.
I hear too many stories of people save up and save up, then sadly pass away a week before they retire or shortly afterwards, then the survvors are fighting over what is left. Life is for living and enjoying, to me , you save money here to spend there.

scaredofdebt

You can get a personal loan for around 4.9%

If you work out the interest you can use that as a bargaining tool perhaps, if it's £1k interest, see if the dealer will maybe meet you half way and offer £500 off a new car, of course start the negotiation by seeing if they'll give you the full £1k as a discount!

They will probably try to get you to sign up to their own finance as they get a kick back from it - you can use this as another bargaining chip, if their finance lets you pay it off early for no penalty look at that as well.

But as others have said, buy nearly new so you save even more in depreciation.

DUTR

scaredofdebt wrote: »

You can get a personal loan for around 4.9%

If you work out the interest you can use that as a bargaining tool perhaps, if it's £1k interest, see if the dealer will maybe meet you half way and offer £500 off a new car, of course start the negotiation by seeing if they'll give you the full £1k as a discount!

They will probably try to get you to sign up to their own finance as they get a kick back from it - you can use this as another bargaining chip, if their finance lets you pay it off early for no penalty look at that as well.

But as others have said, buy nearly new so you save even more in depreciation.

If you are buying nearly new, you may as well see what the brokers are asking for brand new, dealers make more on used cars than brand new, like you say they want to sell you the finance.

redmike123

Goodness me, a 7 year old car isn't worth selling ? Really ? Talk about in built obsolescence.

DUTR

redmike123 wrote: »

Goodness me, a 7 year old car isn't worth selling ? Really ? Talk about in built obsolescence.

Did you read the post? It's a French car
In all seriousness though, yes any car at any age is worth something to somebody somewhere, I know of people who change their cars from new before the 3 year, so that they don't have to take them for an MOT test :lipsrseal

kazd

DUTR wrote: »

Disagree, it depends how long you intend to keep the car, I don't know of anyone who buys a brand new car, gets it home and then puts it up for sale.

We have had three brand new cars and each one was not just for Christmas

kazd

redmike123 wrote: »

Goodness me, a 7 year old car isn't worth selling ? Really ? Talk about in built obsolescence.

What I mean by that is in the scheme of things, at best we may get £3k, I think dealers sell them for about £4k and the reality is we have always been a two car family and as we now work at the same place one car makes more sense and be are trying to make this work. The but though is that the Picasso costs a fortune in petrol and we wanted a nippy economical car. The second but is that we are a 5 person family and with the first just off to Uni we do need something for the odd trip up and down the motorway that's large enough to take his gear, then in a couple of years the 2nd will be off. Also don't forget when we bought the car petrol was hovering around the 92p mark as well.

So what I am saying is for what we will get for it we might as well keep it. Obsolescence is to disregard something in perfect working order just because something better comes along. If you note my previous posts we have our cars for life not just for Christmas ��

motorguy

DUTR wrote: »

Here is a real life example, the car before the current one I bought for £x it was 3 yrs old,then I sold it 3yrs later for £0.6x , the current car I purchased for £y and it will be up for sale soon, I won't be asking as much as similar examples for sale but should get £0.33y but then I have had this car nearly 9yrs, I can tell you that (x-o.33x)/3 is greater than (y-0.66y)/8 . Putting money to the figures y=around £140 month and x nearer £160 month neither car needed money spending over the usual running costs.
Remember we came here with nothing and so shall leave with nothing, enjoy each and everyone of those miles from the showroom until you wish to change again.
I hear too many stories of people save up and save up, then sadly pass away a week before they retire or shortly afterwards, then the survvors are fighting over what is left. Life is for living and enjoying, to me , you save money here to spend there.

Thats not a real life example, thats a mathematical example.

Heres a real life example.

New Golf 1.6TDI (mk7) 105 S 5 Door = £20,000, discount = £1500, so £18,500.

I got a 9 month old mk6 1.05 TDI S 5 door with 12K miles for £12,400.

Roll on ten years. Lets give the mk7 a 33% price advantage. My mk6 will be worth approx £2400 tops, the mk7 will be worth say, £3200 tops.

Cost to run a 9 month old one for 10 years = £10,000

Cost to run a new one for the same 10 years = £15,300.

DUTR

motorguy wrote: »

Thats not a real life example, thats a mathematical example.

Heres a real life example.

New Golf 1.6TDI (mk7) 105 S 5 Door = £20,000, discount = £1500, so £18,500.

I got a 9 month old mk6 1.05 TDI S 5 door with 12K miles for £12,400.

Roll on ten years. Lets give the mk7 a 33% price advantage. My mk6 will be worth approx £2400 tops, the mk7 will be worth say, £3200 tops.

Cost to run a 9 month old one for 10 years = £10,000

Cost to run a new one for the same 10 years = £15,300.

Mine was a real life example :eek:
I have a MK7 on the way GTI though
They reckon some cars 'lose' 50% every 3 years, however if nobody ever brought a new car, there would be no previously owned ones to purchase.
Not sure but in Japan aren't all cars 4years old or less?