Mum buying new car - cheapest to run and buy saloon/hatch
Mum buying new car - cheapest to run and buy saloon/hatch
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danyeates

Original Poster:

7,248 posts

251 months

Wednesday 29th June 2011
quotequote all
Hi,

My mum is buying a new car, small budget of about £15,000 for a brand new car. Reason being is to reduce their overall costs each month year as they’re currently running a 2003 Hyundai Sonata V6. This is averaging 20 odd MPG, £400 and something a year to tax and the added costs of servicing and MOT’s etc. They are looking for a car of the similar size but much cheaper to run.

There are seriously considering the Skoda Octavia Greenline II. It’s working out at £15,700 with no extras, with the Skoda “You pay 5% VAT” deal, which I think is a bargain for a car of this size. As it’s new of course there will be no MOT for 3 years, they are doing free servicing for 3 years, free road tax for the first year and £20 a year after that and the MPG figures are 60 urban, 83 extra urban and 74 combined. The engine is a 1.6 CR diesel, performance figures aren’t bad either.

Anything else out there going to better the spec, performance, MPG and price of the Octavia? I can’t think of anything that comes close for the money, but I’m interested to hear what you’ve got! She’d really prefer new over used due to the warranty, free servicing, no MOT etc….

Cheers,

Dan

Cupramax

11,002 posts

281 months

Wednesday 29th June 2011
quotequote all
A 2003 car wont cost over £400 to tax and how is spending £15,000 going to save money?

SD1992

7,278 posts

187 months

Wednesday 29th June 2011
quotequote all
How many miles does she do? I.e. have you figured out if it is better for her to buy a petrol or a diesel?

Go nearly new instead of brand new, you will save a fortune in depreciation and get an engine that you don't have to run in.

Octavia is a good idea, is a focus big enough for her?

trickywoo

14,154 posts

259 months

Wednesday 29th June 2011
quotequote all
danyeates said:
£15,000 for a brand new car. Reason being is to reduce their overall costs each month year.
Put the depreciation into the calculation and the Hyundai costs will look like pin money.

danyeates

Original Poster:

7,248 posts

251 months

Wednesday 29th June 2011
quotequote all
They keep their cars for 8 to 10 years usually and will always buy new I'm afraid.

Tax for their current car:

M
Over 255
£460.00
£253.00



300bhp/ton

41,030 posts

219 months

Wednesday 29th June 2011
quotequote all
danyeates said:
My mum is buying a new car, small budget of about £15,000 for a brand new car. Reason being is to reduce their overall costs each month
Now read this back to yourself a few times and see if you can spot the oxymoron? hehe

300bhp/ton

41,030 posts

219 months

Wednesday 29th June 2011
quotequote all
danyeates said:
There are seriously considering the Skoda Octavia Greenline II. It’s working out at £15,700 with no extras, with the Skoda “You pay 5% VAT” deal, which I think is a bargain for a car of this size. As it’s new of course there will be no MOT for 3 years, they are doing free servicing for 3 years, free road tax for the first year and £20 a year after that and the MPG figures are 60 urban, 83 extra urban and 74 combined. The engine is a 1.6 CR diesel, performance figures aren’t bad either.

Anything else out there going to better the spec, performance, MPG and price of the Octavia? I can’t think of anything that comes close for the money, but I’m interested to hear what you’ve got! She’d really prefer new over used due to the warranty, free servicing, no MOT etc….

Cheers,

Dan
sleep

danyeates

Original Poster:

7,248 posts

251 months

Wednesday 29th June 2011
quotequote all
Someone has to buy a new car otherwise there wouldn't be used ones about!

They do quite a lot of miles and the amount they save on fuel each month would pretty much pay for the finance on a new car. They Hyundai is getting a bit old and tired now as it's done a lot of miles. Skoda's deal of pay only 5% VAT means new prices aren't much different to 6 - 12 month old cars, and the finance rates are much better on new. And you get 3 years free servicing, MOT's etc....

They won't change their mind over buying new.

SteveS Cup

1,996 posts

189 months

Wednesday 29th June 2011
quotequote all
Fair play to them. But...

What is the Skoda per month?

How many miles do they do?

I have no issue in people buying / leasing new cars, hey, I may lease a 1 series coupe soon... But it's when people state they're spending £15,000 to save maybe a max of £100 per month which amazes me!

hornetrider

63,161 posts

234 months

Wednesday 29th June 2011
quotequote all
Funny thread! By all means buy a new car to enjoy having a new car - but don't come here and tell us you're spending 15k to save a bit on servicing! rofl

kentmotorcompany

2,471 posts

239 months

Wednesday 29th June 2011
quotequote all
danyeates said:
They keep their cars for 8 to 10 years usually and will always buy new I'm afraid.

Good answer to all "why buy new" comments.

Keeping it over that period of time really does justify buying new. It will cost less than someone who buys a year old and changes every two/three years.


Regarding the car, I would say depends what kind of car she needs? Does she need a car as big as an Octavia? If so, probably a good choice.

If she could live with something smaller I would consider something from VW or Jap brands. Don't buy an old model, try and buy something that has not been on the market for too long, in 8-10 years it won't seem quite so old, and a VW or Jap car will probably still be worth a few ££ especially a rare one owner car.

I'm thinking something along the lines of new model Polo or Toyota IQ.

danyeates

Original Poster:

7,248 posts

251 months

Wednesday 29th June 2011
quotequote all
Roughly speaking, 15,000 miles a year will save them £260 a month in fuel alone. Over 3 years, that's a saving of £9,390. Enough to pay the finance with a £5,000 deposit. Servicing and repairs on the Hyundai is getting very expensive now. And they would like to buy a new car!

Porkie

2,378 posts

270 months

Wednesday 29th June 2011
quotequote all
hahah quality!!

This is EXACTLY how my little sister tries to justify buying a brand new car every few years...


or how my ex used to think that paying 10k more for a year old Diesel X5 than a petrol was saving money because its does better mpg... for the 3000miles she does a year.

Goode Maffs innit wink

bozmandb9

673 posts

209 months

Wednesday 29th June 2011
quotequote all
danyeates said:
They keep their cars for 8 to 10 years usually and will always buy new I'm afraid.

Tax for their current car:

M
Over 255
£460.00
£253.00
Registered before 2006 so you only pay for bank K

danyeates

Original Poster:

7,248 posts

251 months

Wednesday 29th June 2011
quotequote all
kentmotorcompany said:
Good answer to all "why buy new" comments.

Keeping it over that period of time really does justify buying new. It will cost less than someone who buys a year old and changes every two/three years.


Regarding the car, I would say depends what kind of car she needs? Does she need a car as big as an Octavia? If so, probably a good choice.

If she could live with something smaller I would consider something from VW or Jap brands. Don't buy an old model, try and buy something that has not been on the market for too long, in 8-10 years it won't seem quite so old, and a VW or Jap car will probably still be worth a few ££ especially a rare one owner car.

I'm thinking something along the lines of new model Polo or Toyota IQ.
Thanks for the helpful post!

I said mum, but actually it's now their only car as they've got rid of their 1.8 20V Passat and now just run the Hyundai (at a great expense). It would be my stepfather's and mums's car. They did look at the Fabia but it would be too small as they're only car. They often run up from Bournemouth to York to see family and I know they'd like to drive up there more often.

Cupramax

11,002 posts

281 months

Wednesday 29th June 2011
quotequote all
danyeates said:
They keep their cars for 8 to 10 years usually and will always buy new I'm afraid.

Tax for their current car:

M
Over 255
£460.00
£253.00
Wrong, band K pre 23rd March 2006 so you pay £260.

Porkie

2,378 posts

270 months

Wednesday 29th June 2011
quotequote all
danyeates said:
And they would like to buy a new car!
Thats fair enough and good for them. You should have stated that at first rather than make out it was some decision to save money!


So many people are HORRIFIED at the thought of putting £100 in their brand new cars petrol tank for a week or long journey...

but they don't seem to mind or get the fact that its sitting on the drive NOT MOVING and loosing £1000 a month in depreciation!


Edited by Porkie on Wednesday 29th June 10:30

HellDiver

5,708 posts

211 months

Wednesday 29th June 2011
quotequote all
If I were buying a £10k-ish new car, I'd either go for the Octavia 1.6 SE, or a Hyundai i30.

My OH got a new i30 just over a year ago - a 1.4 Comfort. It's 108PS so can bimble along fine, got all the toys, cost £99 for the first service, and is doing 44mpg doing mostly town driving. Tax is £120 for her model (2009 model registered new in 2010), but I think more modern ones are cheaper.

ambuletz

11,751 posts

210 months

Wednesday 29th June 2011
quotequote all
sounds like the perfect choice.go for the octavia greenline

kentmotorcompany

2,471 posts

239 months

Wednesday 29th June 2011
quotequote all
danyeates said:
kentmotorcompany said:
Good answer to all "why buy new" comments.

Keeping it over that period of time really does justify buying new. It will cost less than someone who buys a year old and changes every two/three years.


Regarding the car, I would say depends what kind of car she needs? Does she need a car as big as an Octavia? If so, probably a good choice.

If she could live with something smaller I would consider something from VW or Jap brands. Don't buy an old model, try and buy something that has not been on the market for too long, in 8-10 years it won't seem quite so old, and a VW or Jap car will probably still be worth a few ££ especially a rare one owner car.

I'm thinking something along the lines of new model Polo or Toyota IQ.
Thanks for the helpful post!

I said mum, but actually it's now their only car as they've got rid of their 1.8 20V Passat and now just run the Hyundai (at a great expense). It would be my stepfather's and mums's car. They did look at the Fabia but it would be too small as they're only car. They often run up from Bournemouth to York to see family and I know they'd like to drive up there more often.
New Mazda 3 might be worth a look.