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buying a car 3 years old or brand new

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  • Smi1er
    Smi1er Posts: 642 Forumite
    barrymung wrote: »
    Road safety statistics suggest it's down the the weight of the car, rather than the age.

    As new cars are generally heavier than older ones the statistics are gerrting skewed.

    A 20 year old Beemer, well maintained, will be safer than a modern day Smart car.

    You might want to check http://www.youtube.com/watch?v=86M_fV-1yKY out

    16 year old Volvo 940 Estate V's 3 year old Renault Modus. Who wins? A clue... it ain't the 940!!
  • Primrose
    Primrose Posts: 10,721 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've been Money Tipped!
    I have bought both new and secondhand cars over the years but all my new cars have been kept for several years and my current car, bought from new is now eight years old. There's always a lot of depreciation on new cars which seems a waste of money and a reasonable compromise is to talk to a car dealer and buy a demonstration model with very low mileage on the clock. If you buy a secondhand car, put some money away every month in your car repair/replacement fund so that when it has run its course, financing a replacement is not an overwhelming cost.
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