Making the switch from running new cars to older cars

[neil1jnr]

chris watton said:

BE57 TOY said:

Oilchange said:

I look at the oncoming traffic on the motorway and all I see is modern silvery grey dullness...

And LED's

Yes! They MUST have all of their lights on - even on a nice and bright sunny day, to show everyone their LED Angel-eyes, and to prove they have arrived!

Or some people may just happen to want a new car. They might read reviews about how good the new xyz is to drive. They then might go to a dealer, test drive it and love it and buy it.

Example above was me, I'd never had ever thought I'd buy a brand new car. I test drove my little ST and decided I had to have it, I had to experience driving this car everyday for a few years. Now I'll probably trade it in come 2 years when the PCP deal is up for another car I really want to drive, maybe a megane 265 or Leon cupra 280? I know the costs involved, I know what mpg they get, but I know they will put a smile on my face driving it.

After the nightmares I've had with used cars in the past, which was probably due to a combination of bad luck and hard driving, I'd rather thrash a new car to work everyday as peace of mind (and the fact I am lazy and would be useless at working on my car).

Just think, in 20 years time I can look back and remember the 10 different awesome cars I had a as dailys. There are older car's I'd love to drive but that will have to wait until I can be bothered saving for a second car, until then I'll from no on keep enjoying new cars.

[chris watton]

neil1jnr said:

chris watton said:

BE57 TOY said:

Oilchange said:

I look at the oncoming traffic on the motorway and all I see is modern silvery grey dullness...

And LED's

Yes! They MUST have all of their lights on - even on a nice and bright sunny day, to show everyone their LED Angel-eyes, and to prove they have arrived!

Or some people may just happen to want a new car. They might read reviews about how good the new xyz is to drive. They then might go to a dealer, test drive it and love it and buy it.

Example above was me, I'd never had ever thought I'd buy a brand new car. I test drove my little ST and decided I had to have it, I had to experience driving this car everyday for a few years. Now I'll probably trade it in come 2 years when the PCP deal is up for another car I really want to drive, maybe a megane 265 or Leon cupra 280? I know the costs involved, I know what mpg they get, but I know they will put a smile on my face driving it.

After the nightmares I've had with used cars in the past, which was probably due to a combination of bad luck and hard driving, I'd rather thrash a new car to work everyday as peace of mind (and the fact I am lazy and would be useless at working on my car).

Just think, in 20 years time I can look back and remember the 10 different awesome cars I had a as dailys. There are older car's I'd love to drive but that will have to wait until I can be bothered saving for a second car, until then I'll from no on keep enjoying new cars.

To be clear - I had/have absolutely no intention of dissing anyone who buys new or old. I would be quite the hypocrite if I did. I used to only buy new, loved the feeling when driving out of the showroom in a brand new car. However, I have changed since then, and cannot envisage ever buying new again. I guess we all go through different phases throughout our lives. (I did buy a brand new car in 2008, but that was Italy and it was less hassle to buy new than seond hand in that country...)

[ManiacGT]

There's a lot of talk about new cars and depreciation on here but most forget people pay on PCP these days so no ownership means no depreciation. More like lease really, you pay to use so it's quite a different concept and comparison compared to buying and owning a new or old car. Plus, depreciation only happens if you sell of course.

[HonestIago]

ManiacGT said:

There's a lot of talk about new cars and depreciation on here but most forget people pay on PCP these days so no ownership means no depreciation. More like lease really, you pay to use so it's quite a different concept and comparison compared to buying and owning a new or old car. Plus, depreciation only happens if you sell of course.

Splitting hairs a tad? The depreciation is exactly what a lease pays for, plus a bit more.

[delays]

HonestIago said:

ManiacGT said:

There's a lot of talk about new cars and depreciation on here but most forget people pay on PCP these days so no ownership means no depreciation. More like lease really, you pay to use so it's quite a different concept and comparison compared to buying and owning a new or old car. Plus, depreciation only happens if you sell of course.

Splitting hairs a tad? The depreciation is exactly what a lease pays for, plus a bit more.

Agreed. Arguably, you're only paying the depreciation cost split over the months that you have the lease contract for. The capital remains in the value of the car at the end of the agreement, ergo, you split the loss in value over the lease agreement. Plus a bit more.

[CRA1G]

Bemmer said:

CRA1G said:

I sold my daily driver a a couple of months ago and now waiting for my new car to arrive in November so I'm using my BMW 840 Sport which i'v had tucked away for years and normally does no more than 200 miles in the year,it's 16 years old now with just over 60K on the clock and what a pleasure it is to use daily I'm really enjoying it,New cars just seem to lack character.. It's certainty got me thinking and I will defiantly be using it more often.....

Does that mean the Aston,s gone.? If so what are you replacing it with.? And I thought you had a yellow Z3 M Coupe.?

I'm moving over to the other side....! I'm waiting for the new BMW i8 which is due in about 8 weeks so completely different to the 840 I'm using at the moment.... I still have the M Coupe and the E36 M Cab along with the 840 which are all Dakar Yellow..!

[eliot]

Muzzer79 said:

I would also say that you need to be handy with the spanners and/or willing to put up with certain idiosyncrasies on an older car. Read: bits not working or bits creaking/rattling.

Indeed - i run cars 5-14 years old and you do have to repair them and put up with problems.
O/P has stated he's not good with diy, so buying anything too old could result in lots of garage bills.

[Paul O]

I've gone both ways, newer to older and back, just depends what car I wanted. In a nutshell what you save on depreciation on newer, you pay in maintenance on an older car.

Swings and roundabouts. Sometimes you get lucky and come out better off, sometimes not.