What compels OAPs to buy new cars?
What compels OAPs to buy new cars?
Author
Discussion

miniman

Original Poster:

30,165 posts

293 months

Friday 27th September 2013
quotequote all
It's quite strange IMHO. My neighbour has just got rid of his 60-plate Scenic and replaced it with a brand new Scenic. Two massive slugs of depreciation in 3 years. Bizarre.

That is all.

Rumple

15,275 posts

182 months

Friday 27th September 2013
quotequote all
I don't know, I guess he is just waiting to die buying Scenic's for Christ's sake, these days if your not arsed about cars, just buy a new Honda or Toyota, itll last you the rest of your lifethumbup

God that's depressing.frown

Willy Nilly

12,511 posts

198 months

Friday 27th September 2013
quotequote all
Because they can afford to.

My parents, scrimped and saved their whole married life. Dad retired from farming in 05 and bought a new Fabia in July 08. February this year it needed what amounted to good service and this was going to be expensive, so they ordered a new car. The dealer scratched around to find the right spec Monte Carlo Fabia and gave them a ring. They were told the car was in and when do they want to pick it up. Keeping in mind this was mid feb and the car was unregistered, mum said they'd pick it un that week and I think, but might be wrong, that thy still got their car serviced. They also shop in Aldi and buy all the reduced ste from the sin bin in any other supermarket they go to.

Streps

2,457 posts

197 months

Friday 27th September 2013
quotequote all
Perhaps the dealers they take the cars to be serviced also sell new scenics?

Just look at all the fear mongering advertisements giving the impression new is best.


Edited by Streps on Friday 27th September 19:36

Small Car

877 posts

230 months

Friday 27th September 2013
quotequote all
Too much money, boredom, good salesmen and government grants?

Then you find the odd one who goes and buys something completely nuts. Like an R8. Guy in the local is 75 and got one. The ladies love it.

rallycross

13,758 posts

268 months

Friday 27th September 2013
quotequote all
I think it's an age related thing , when they were younger it was normal for an average car to become an unreliable pile of problems once it was a few years old - no one told them modern cars should be reliable for many years if maintained properly.

I also find it Bizzare they'd part exchange a 20k mile 3 year old Jazz for a new model when their current car is hardly run in yet and the new model is virtually the same as their old one.

Maybe they are still be trying to keep up with the Jones's ( Ethel and Fred from next door who just bought a new Honda Jazz!).


miniman

Original Poster:

30,165 posts

293 months

Friday 27th September 2013
quotequote all
rallycross said:
I also find it Bizzare they'd part exchange a 20k mile 3 year old Jazz for a new model when their current car is hardly run in yet and the new model is virtually the same as their old one.

Maybe they are still be trying to keep up with the Jones's ( Ethel and Fred from next door who just bought a new Honda Jazz!).
Precisely what my outlaws did hehe

LuS1fer

43,547 posts

276 months

Friday 27th September 2013
quotequote all
Possibly a PCP - the whole point of a PCP is a fixed outlay and using the end value as deposit to maintain that payment every 3 or 4 years so often before the MOT is even due.

They make a lot of sense if you do low miles and don't want to modify the car and it ensures a nice supply of low mile used stock down the line.

I'm not suggesting there aren't cheaper ways of motoring but it keeps them in a new car.

baldy1926

2,153 posts

231 months

Friday 27th September 2013
quotequote all
A good salesman.
My mums neighbour was 80 plus and was considered an easy touch by the local ford dealer. Her last 3 ford ka's had really low milages after 3 years. The last was less 1500 miles!!!
She could not drive and was on the verge of giving up and was still getting weekly calls from the dealer about buying a new one.

okie592

2,711 posts

198 months

Friday 27th September 2013
quotequote all
Mobility?

miniman

Original Poster:

30,165 posts

293 months

Friday 27th September 2013
quotequote all
SuperHangOn said:
Because the clutch is slipping, gearbox whining in all gears and the seats stink of wee. Tends to happen after 5 or 6 trips to Sainsbury's.

getmecoat
Yes but I'm more interested in their car than mine.

dvs_dave

9,040 posts

256 months

Friday 27th September 2013
quotequote all
Presuming its on a PCP deal they make a lot of sense for pensioners.

Fixed ownership costs against their likely fixed income.
Leaves their capital intact if they're living off interest/annuity or whatever.
They might not have large savings but a regular pension income.
No worries about large and unexpected repair bills.
Most do low miles
The list goes on.

There's cheaper ways to have a car, but not without taking risks elsewhere which usually leads to financial unpredictability and hassles.

skyrover

12,700 posts

235 months

Friday 27th September 2013
quotequote all
can't take your cash with you wink

Wadeski

9,048 posts

244 months

Friday 27th September 2013
quotequote all
They remember the days when cars fell apart after a few years.

i.e. before the 90s.

0a

24,159 posts

225 months

Friday 27th September 2013
quotequote all
As above - they have money in the bank, and have little else to spend it on.

Wacky Racer

41,399 posts

278 months

Friday 27th September 2013
quotequote all
miniman said:
It's quite strange IMHO. My neighbour has just got rid of his 60-plate Scenic and replaced it with a brand new Scenic. Two massive slugs of depreciation in 3 years. Bizarre.

That is all.
They have £750,000 in the bank and no kids to leave it too..........

Butter Face

35,078 posts

191 months

Friday 27th September 2013
quotequote all
miniman said:
It's quite strange IMHO. My neighbour has just got rid of his 60-plate Scenic and replaced it with a brand new Scenic. Two massive slugs of depreciation in 3 years. Bizarre.

That is all.
That'll be a motability customer then.

Other old people buy new cars because they want to. Is that hard to understand?

otolith

69,450 posts

235 months

Friday 27th September 2013
quotequote all
Because they think avoiding the risk and hassle of used cars is worth the cost of new. I'm sure a lot of younger people spend similar amounts of money running something older but "more interesting" to them.

K-Cee

238 posts

219 months

Friday 27th September 2013
quotequote all
Small Car said:
Too much money, boredom, good salesmen and government grants?

Then you find the odd one who goes and buys something completely nuts. Like an R8. Guy in the local is 75 and got one. The ladies love it.
..., interesting to know who "Guy" is ?...., or are you from the USA

Rick101

7,191 posts

181 months

Friday 27th September 2013
quotequote all
My inlaws buy new cars (Focus) every couple of years. Though the FIL is fantastic at pretty much any DIY job he is hopeless with cars. I think the worry of something going wrong makes them want a new one in the belief that it won't have any problems.