New cars, why do we still buy 'em?
Discussion
the new car prices reaching silly levels (23K for a 1.4 golf?) and modern cars increasingly complex, stuffed with unnecessary gadgets and often less comfortable on the road due their nurburgring ride levels, compared with older ones, why do people still bother buying new? Just wondered when cars built 10 years ago are capable of 200,000 miles and quite honestly arent really any slower on todays crowded roads. Is it just an ego thing, or car finance packages masking the real cost of a new car....?
Its new so has a warranty, it smells new, it is immaculate as it is new.
One of the biggest advantages is you hand in your snotter, you pay by a scheme where you never own the car and payments are affordable, also it seems relatively easy to aquire the lease.
Not for me, unless cars were much cheaper new.
You can lease a Brand new CLS for £370pm (+vat) over 3 years
Or, have a 12k loan over 3 years and the car is yours.
It's going to work for some people. If I had to rely on a car everyday I would consider it. But I dont.
One of the biggest advantages is you hand in your snotter, you pay by a scheme where you never own the car and payments are affordable, also it seems relatively easy to aquire the lease.
Not for me, unless cars were much cheaper new.
You can lease a Brand new CLS for £370pm (+vat) over 3 years
Or, have a 12k loan over 3 years and the car is yours.
It's going to work for some people. If I had to rely on a car everyday I would consider it. But I dont.
David87 said:
Why not? You're a long time dead - may as well buy one if you have the means and wish to drive a new car.
.
Knowing my luck I'd think like that and live until 137 and need to piss myself to stay warm. .
Older cars for me, no depreciation and no monthly payments - extra £300 a month is better off my mortgage then a car.
deltashad said:
Its new so has a warranty, it smells new, it is immaculate as it is new.
One of the biggest advantages is you hand in your snotter, you pay by a scheme where you never own the car and payments are affordable, also it seems relatively easy to aquire the lease.
Not for me, unless cars were much cheaper new.
You can lease a Brand new CLS for £370pm (+vat) over 3 years
Or, have a 12k loan over 3 years and the car is yours.
It's going to work for some people. If I had to rely on a car everyday I would consider it. But I dont.
that's £110 more than my car cost to buy.... every single month!One of the biggest advantages is you hand in your snotter, you pay by a scheme where you never own the car and payments are affordable, also it seems relatively easy to aquire the lease.
Not for me, unless cars were much cheaper new.
You can lease a Brand new CLS for £370pm (+vat) over 3 years
Or, have a 12k loan over 3 years and the car is yours.
It's going to work for some people. If I had to rely on a car everyday I would consider it. But I dont.
sod that for a bag of chips! lol
Edited by SystemParanoia on Sunday 9th December 10:39
The simple answer to this is.....
because someone has to
I dont know why used car buyers bleat on about the cost of new cars, they are not buying them and if nobody else did then the used car buyer would be walking everywhere rather than benefiting from someone else taking a hit in depreciation.
I buy new cars because I want exactly what I want not what Mr Smith specced previously and I have to compromise on.
because someone has to
I dont know why used car buyers bleat on about the cost of new cars, they are not buying them and if nobody else did then the used car buyer would be walking everywhere rather than benefiting from someone else taking a hit in depreciation.
I buy new cars because I want exactly what I want not what Mr Smith specced previously and I have to compromise on.
Turn7 said:
Linky ?
http://www.whatcar.com/car-news/dacia-sandero-from...Available from your nearest Dacia / Renault dealer.
David87 said:
Turn7 said:
Linky ?
http://www.whatcar.com/car-news/dacia-sandero-from...Available from your nearest Dacia / Renault dealer.
Most new car purchases dont involve someone saving up that 23k for the 1.4 Golf and going and buying it, for a lot of people it is rented on a monthly basis and it forms part of their monthly outgoings. I think for a lot of people, assuming it is affordable it is easier to own a car like that, a new car comes woith new tyres, brakes, engine and all that, it is under a warranty for the duration of ownership and requires not MOT, if it breaks it wont cost them anything apart from the however many hundred pounds a month they pay, most people dotn have 23k lurking around anyway but still want a new car. That is just private owners, never mind companies, I get the impression the manufactureres give favourable deals to fleets on new cars to get some miles put on cars to provide stock for their approved used schemes as they need to provide cars for more eventualities than just new.
I would imagine 90 percent of Audi's, RR Evoques and BMW's are bought like this, leasing has always happened as has HP but these days it is the exception to buy a car outright. I can see the point as you dont get stuck with a car like if you buy it, three years you give it back and get a new one.
Does amaze me how much people spend monthly though, I earn fairly well and coudlnt really commit to a £500 a month lease deal, but I suppose we have three cars bought outright (30k total) and they had to be paid for and are now depreciating, so it isnt that different in terms of cost, it is just that you dont see the money go out of your bank each month, just the one payment when you buy it, doesnt mean that money isnt ebbing away each month.
Snotters are all very well but we all need to see things from other perspectives than our own, my situation will be markedly different to others, I know people that pay £400 a month for a not very interesting car but they do that to avoid all the agro they have had in the past with owning older cars, they assume all older cars will be like that, may or may not be correct but I can see their point.
I would imagine 90 percent of Audi's, RR Evoques and BMW's are bought like this, leasing has always happened as has HP but these days it is the exception to buy a car outright. I can see the point as you dont get stuck with a car like if you buy it, three years you give it back and get a new one.
Does amaze me how much people spend monthly though, I earn fairly well and coudlnt really commit to a £500 a month lease deal, but I suppose we have three cars bought outright (30k total) and they had to be paid for and are now depreciating, so it isnt that different in terms of cost, it is just that you dont see the money go out of your bank each month, just the one payment when you buy it, doesnt mean that money isnt ebbing away each month.
Snotters are all very well but we all need to see things from other perspectives than our own, my situation will be markedly different to others, I know people that pay £400 a month for a not very interesting car but they do that to avoid all the agro they have had in the past with owning older cars, they assume all older cars will be like that, may or may not be correct but I can see their point.
I think very few actually do by new cars outright. I don't remember the exact figure, but of all new car sales, once you took out company cars, PCP, hire cars, pre registered cars and cars bought on finance it was only low teens percentage that were true new cash sales.
One of my friends has a fairly major commute, and fuel is a big expense. His last three cars he has financed purely on the fuel savings made more than covering any loan costs.
One of my friends has a fairly major commute, and fuel is a big expense. His last three cars he has financed purely on the fuel savings made more than covering any loan costs.
I've taken the view now that the price of a car is largely irrelevant. It's all down to how much you want to pay per month for motoring. Some people will buy a car for cash, others prefer to do HP/lease or similar. The finance charges are a lot less on a new car Vs a use one, so it often means a new one works out less than a year old one if you're not paying cash. I just bought a new Jag. I said to the dealer that I want to pay £xxx/month, what's my deposit? Then negotiate that down to something you're comfortable with.
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