Have you ever bought a new car?

MORPH3US

I agree with Kez100, sometimes you can pay more for a nearly new car than you can for a brand new car.

You just have to make sure you get the cheapest deal possible to minimise depreciation.

Check out https://www.drivethedeal.co.uk or https://www.dealdrivers.co.uk

If anyone wants to buy from deal drivers I can recommend you to get us both some freebies...

But I would recommend them even without the incentive, they were great for my gf's Fiesta. We got the 1.4 Zetec with sports and tech pack for less than what local dealers were selling 1.2 Style's....

M

Markyt

I'm about to buy a new car - it's the only way to get the spec I want.

Having found drivethedeal though, it is still costing me less than the ex-demo car with a lower spec I was offered last week at the dealers.

AdrianHi

Markyt wrote: »

I'm about to buy a new car - it's the only way to get the spec I want.

Having found drivethedeal though, it is still costing me less than the ex-demo car with a lower spec I was offered last week at the dealers.

Careful here.
I'm guessing it's something like an Audi or BMW your buying when you say "cannot get the spec. I want".
I've watched prices on BMW ex-demonstrators. What happens is a dealer will get a new demonstrator in, drive it for a month (get it run in) and then post it up on BMW AUC (Approved Used Cars) web site to begin with at a negligible discount over new. I think there are two reasons why they do this:
1. To see if some sucker will buy it at that price
2. Show potential new / nearly new buyers that have have too little to save going nearly new convincing them to order a new car, which they make more money on.
More often than not that car will eventually sell at 20%+ off new list price of the base model of that car (i.e. without the cost of the options) when it is 3 to 6 months old.
The Audi A4 is a brand new model where people will be paying silly money for a nearly new one. You need to pass on that one for another 6 to 12 months when the prices will "correct" or hunt down the best new deal you can through a broker and get the dealer to match it or loose the sale. [Edit: just re-read you are trying drivethedeal]

redux

This is the newest and best car I've owned, bought at 4 years old and 24,000 miles for a quarter of the new list price.

That means 2 other parties (the manufacturer for the first 2 years) had average depreciation of almost 60 pence a mile.

I've driven 117,000 miles in it, depreciation about 3 pence a mile.

Markyt

AdrianHi wrote: »

Careful here.
I'm guessing it's something like an Audi or BMW your buying when you say "cannot get the spec. I want".

No. It's a Fiat. And even after buying new, payment and running costs will be less than I'm currently spending on my current 12 year old car.

AdrianHi

Markyt wrote: »

No. It's a Fiat. And even after buying new, payment and running costs will be less than I'm currently spending on my current 12 year old car.

Fiat are offering 5 years 0% finance on some band new cars, Bravo I think. It seems to hold it's value better than Fiat's of old at somewhere around 40-42% at 3 years. It's one of the best new car deals around at the moment.
Considering you need to buy new to get that deal this is one of those rare occasions where buying new turns out to be the best option. That 0% finance deal is worth quite a lot reducing the average monthly expense of the car over 5 years by around £30-£50 a month (depending on your mortage / savings rates) because you don't have to tie up your cash in it up front.
You should still be able to get the finance deal buying through a broker.

MORPH3US

I would be surprised / interested if you knew of any dealers / brokers that are offering the 0% finance on the Fiat's (or any cars)....

Usually ( i thought) you can only get the 0% finance offers if you are paying list price for the car, so usually it would be cheaper to get a loan and buy from a broker because the discounts more than cover the interest on the loan.

M

Markyt

The 0% isn't available on the Panda at the moment, and diesels aren't around second hand in any numbers, and certainly not with what I want on board.

Going through drive the deal has saved over 2k on list price. I'm getting finance via a good bank loan (not the dodgy flat rate I was being quoted by Fiat at weekend), and in the meantime my cash sists in the bank earning just slightly less than the rate I'm paying on the loan. On top of that my monthly diesel bill will be cut to a quarter of current levels.

AdrianHi

MORPH3US wrote: »

I would be surprised / interested if you knew of any dealers / brokers that are offering the 0% finance on the Fiat's (or any cars)....

Usually ( i thought) you can only get the 0% finance offers if you are paying list price for the car, so usually it would be cheaper to get a loan and buy from a broker because the discounts more than cover the interest on the loan.

M

That's what the dealer car salesman will tell you. The manufacturer is offering this finance, you should get it on top of any discounts or deals you squeeze out of the broker or dealer.
Memory failed me a bit, the 0% deal on the Bravo is zero deposit and over 3 years running to the end of this month, though it might go on after that. Other Fiats have different deals.
Usually this kind of deal comes attached to a depreciation disaster or a car no one wants. This deal seams OK.
http://www.fiat.co.uk/Content/?id=13607