I can't ever imagine buying a new car. Can you?
Discussion
I can't imagine I'd ever take the depreciation or finance costs of a new car rather than a barge.
It seems bizarre to me that someone would splurge £30k on a 4 cylinder golf when £20k would get you an e60 m5 with warranty and £10k for fuel.
Who buys these new cars? Or do they never really "sell" - hence the press demos, nearly new cars etc
It seems bizarre to me that someone would splurge £30k on a 4 cylinder golf when £20k would get you an e60 m5 with warranty and £10k for fuel.
Who buys these new cars? Or do they never really "sell" - hence the press demos, nearly new cars etc
I'd buy one if I really wanted it.
I'd consider leasing one if I wanted hassle free motoring.
If I was buying a new 320d I'd compare the VFM with a used 320d, what I wouldn't do is look at a £25k Golf and then compare it with the price of a ten year old 911, because that would be dumb.
I'd consider leasing one if I wanted hassle free motoring.
If I was buying a new 320d I'd compare the VFM with a used 320d, what I wouldn't do is look at a £25k Golf and then compare it with the price of a ten year old 911, because that would be dumb.
yammyfan said:
people generally dont have 30k to spunk on a golf sat in the bank they are bought new because of the financing options and the ease or warranty/maintenance etc
i do, but i prefer spending it on sweets and momobikes that i cant fix properly.i'm currently favouring maoam pinballs. they have cola ones in the bag and theyre dead fizzy.
Vocal Minority said:
Well someone must keep buying them as they don't come out the factory second hand...
Indeed, I think what too many people overlook these days is ownership....The issue is that far too many people have cars on the never never, be it a bank loan, a lease, hire purchase or company car which tends to mean the cars are only owned relatively short periods hence thousands of second hand cars coming onto the market at the same time which has an impact on residuals.
Those who do buy cars outright simply experience depreciation and sell for a lump sum when they chose. Those "renting" merely spend their time paying off the depreciation so that someone else can buy the car in the future.
Me personally, If I had the required cash, I look forward to the day I can stroll into a dealership and spec a car exactly how I want!
0a said:
I can't imagine I'd ever take the depreciation or finance costs of a new car rather than a barge.
It seems bizarre to me that someone would splurge £30k on a 4 cylinder golf when £20k would get you an e60 m5 with warranty and £10k for fuel.
Who buys these new cars? Or do they never really "sell" - hence the press demos, nearly new cars etc
Depends really on how you intend to use a car/how long you want to keep it. So when some lost hours with a broken down car cost a car's months deprecation and you drive 60k mls in three years, you might want to have a reliable car, and lease one every three years.It seems bizarre to me that someone would splurge £30k on a 4 cylinder golf when £20k would get you an e60 m5 with warranty and £10k for fuel.
Who buys these new cars? Or do they never really "sell" - hence the press demos, nearly new cars etc
When you only occasionally use a car, you might want one that doesn't lose much value per month.
When you're a petrolhead, you might as well be irrational with your choice of car; however seeing that this is mumsnet.com; being irrational has no place here
This seems to be a Pistonheads issue, seeing things from anothers viewpoint, there are sixty million people in this country and strange as it seems some arent interested in cars, they are just a means to an end, they decide on one, specify it with what they want/need and then pay the bill and then use the car without worrying about how many bhp it has or whether it can oversteer.
If buying new it would have to be something special that I would intend to keep for at least 3years and it would have to be very low depreciation. Something like an Exige S 
I don't think I could ever face spending something like 30k on a mundane car that is going to be worth 15k in 3years time. I tend to find people who buy cars like this are the kind of people that think things are good because they are expensive.
It reminds me of a girl I used to know, she would buy a, thin, neck scarf fashion thingy and absolutely love it because it was designer and cost £90. It doesn't matter that it looked s
t, she truly believed it was good because it cost a lot. She drives an Aygo she bought from brand new 
No doubt its "better" than my car because its newer 
I don't think I could ever face spending something like 30k on a mundane car that is going to be worth 15k in 3years time. I tend to find people who buy cars like this are the kind of people that think things are good because they are expensive.
It reminds me of a girl I used to know, she would buy a, thin, neck scarf fashion thingy and absolutely love it because it was designer and cost £90. It doesn't matter that it looked s
t, she truly believed it was good because it cost a lot. She drives an Aygo she bought from brand new No doubt its "better" than my car because its newer CampDavid said:
An E60 M5 an do you for £3600 a year in maintainance, an extra £1500 a year in fuel and £1000 a year nextra in insurance for a vast number of people.
Do not think for a minute running an E60 M5 will be cheaper than running a £30,000 Golf
Don't start talking prices down any further!Do not think for a minute running an E60 M5 will be cheaper than running a £30,000 Golf
We all know that in the school holidays running costs are inversely proportional to your top-speed.
I nearly bought a new Fabia vRS when Skoda were doing their "we pay the VAT" deal. The maths on that worked out to nearly paying the first year of depreciation and I was looking for a one year old car.
Instead I found a 9 month old Astra that still qualified for their 100,000 mile warranty. Though in fairness the 2nd year depreciation on that has been absolutely horrific.
Instead I found a 9 month old Astra that still qualified for their 100,000 mile warranty. Though in fairness the 2nd year depreciation on that has been absolutely horrific.
VinceFox said:
ive often thought this. i can afford a new car, but i'm too bloody tight. for me to buy something brand new i'd have to be lottery win rich or i'd just end up resenting the depreciation.
Me too. I mean - sure, I like cars. I am reading this website after all. But do I like them more than money? Well... that depends how much money I'd have left afterwards 
I'm spending the rest of this week writing a business plan that I will take to the Government, Venture Capitalists and every Bank in the UK.
The basis of it will be setting up a factory in a former mining town in the North-East where we will build second hand cars from scratch using recycled parts. These second hand cars will be sold with a 30day warranty provided by old Tommy from down the allotments and will be available with finance backed by Wonga.com.
Given the love of used cars on PH it can't fail, if you want in PM me for my paypal address.
The basis of it will be setting up a factory in a former mining town in the North-East where we will build second hand cars from scratch using recycled parts. These second hand cars will be sold with a 30day warranty provided by old Tommy from down the allotments and will be available with finance backed by Wonga.com.
Given the love of used cars on PH it can't fail, if you want in PM me for my paypal address.
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