Buying a Car - How Do You Do Yours?

Alter_ego

anotheruser wrote: »

You say that, and I would agree with you normally but if you pay out £10,000 on a new car, have it for five years, that's £5000 a year.

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anotheruser

Alter_ego wrote: »

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Read again :P

bigjl

londonTiger wrote: »

I have my own business and work from home, so I don't feel the pressure of needing to wear expensive clothes or drive an expensive car. I think a big part of why people buy cars on finance is they want to be seen doing well in their jobs and a year old car is a way of showing everyone hey I'm doing well.

If you drive into one of these big multinational company HQ car parks in Tadworth you'll find everyone has a up to date car, even the recent graduates who left uni with their vuaxhall corsa on PCP (if they're not lucky enough to have a company car)

I think you will find that many of those people will have a company cars.

I have had new cars and old cars.

Not once have I done so to portray an image to anybody, I wanted it so I bought it.

I think you are just trying to pretend your own prejudices and misconceptions are normal.

My parents had new cars, changed one every 2 years or so.

Not to show off, but because they were needed.

Why anybody would be impressed by somebody having a new car is beyond me.

Especially when many are run of the mill German made stuff like A4's or 3 Series. I mean who cares, it's not a Ferrari is it?

jimjames

anotheruser wrote: »

I'm a little confused when it comes to buying cars.

I've always bought mine outright but I see a lot of people these days paying a set amount each month. Is this just a finance deal?

I buy outright. £500 is less than 3 months payments on a finance deal of £200 pm

motorguy

EssexExile wrote: »

Buying a Car - How Do You Do Yours? I go into the dealer, we argue for a bit, I give him some money & he gives me a car. About 10 years later we do it all over again.

A very intelligent man!

I'm like a child in a sweet shop with cars.

Have had 6 in a year. Really need to sort myself out.

motorguy

Oldbiggles wrote: »

If you are set on 'owning' the vehicle after purchase. First negotiate the cheapest price with as many add-on's as you can get(like free insurance for a year), when you have the best price on offer ask for an interest free loan to pay off the balance after the deposit. Most dealers offer this if you ask for it. Its always worked for me.

A dealer is either offering 0% finance or they're not. Usually on a new car its manufacturer backed.

Somebody has to pay for it, its never "free".

A dealer cant just pull 0% finance out of the bag.

Ectophile

motorguy wrote: »

A very intelligent man!

I'm like a child in a sweet shop with cars.

Have had 6 in a year. Really need to sort myself out.

I've only had 6 cars in my entire lifetime (and I've currently got 2 of those), and I passed my test back in 1983.

Richard53

Bought my first car in 1977 and I am now on my 22nd (give or take). Double that for motorbikes. I get bored easily.

thescouselander

takman wrote: »

Considering this is a Money Saving Forum then the best option is to buy an older second hand car for a good price!.

My car is a 2003 Vectra which I have owned for almost 4 years and have done 63,000 miles in it.
Taking into account of current fuel prices, the £1500 purchase price, all repairs, servicing and MOT's. It has cost me just over 15p a mile to run!.

That's less than just the depreciation on any new car!. It has Leather Seats, Cruise Control, Sat Nav, Reversing Camera etc. Why would anyone want to pay so much for a new car?.

If someone wants a new car buying an old one isn't money saving - its just buying something else they didn't really want because it's cheaper.

takman

thescouselander wrote: »

If someone wants a new car buying an old one isn't money saving - its just buying something else they didn't really want because it's cheaper.

What? Your not serious are you?. Of course it is money saving, that's exactly what money saving is!!. Buying the cheapest thing that meets your needs is the best way to save money. I often drive brand new cars for work and I definitely would more than double my motoring costs to buy one!.

Obviously we all buy things we want but it isn't moneysaving!. I have an older car which is cheap to own and run this allows me to save a lot of money, I apply this thinking to a lot of things I buy. But I like going on holiday so I go away at least 6 times a year, which is a lot better than driving a new car!.

If you go onto the debt free wannabe forum I'm sure you will find plenty of people that had the same thinking as you....