New car options
Discussion
I'm looking for some advice regarding our next car purchase.
We bought a 67 plate Tiguan a couple of years ago. It's done 90,000 miles now but we've had loads of issues with it and have probably spent nearly £1000 on repairs in that time.
We bought it via a 5 year loan at a 2.8% rate and I think we have about £7k left to pay on it. I think we would like to go for a new car next via PCP and have our eye on a Tucson or new Sportage.
What's the best way to go about this? Do we sell the Tiguan privately? Should we part exchange it? Where's the best place to look for PCP deals?
It all seems a bit complicated and I'm not sure where to start!
We bought a 67 plate Tiguan a couple of years ago. It's done 90,000 miles now but we've had loads of issues with it and have probably spent nearly £1000 on repairs in that time.
We bought it via a 5 year loan at a 2.8% rate and I think we have about £7k left to pay on it. I think we would like to go for a new car next via PCP and have our eye on a Tucson or new Sportage.
What's the best way to go about this? Do we sell the Tiguan privately? Should we part exchange it? Where's the best place to look for PCP deals?
It all seems a bit complicated and I'm not sure where to start!
Owning a used car outright, funded by a low-interest loan with a reducing balance is one of the most economic ways to run a car. It's absolutely fine to want a nice new car because it's nice and new, but you are probably in a sweet spot at present between utility, cost and comfort.
As others say, £1k maintenance doesn't sound too unusual on a 2017 car. You probably have an inventory of 100,000+ more economic miles left in your current car.
A brand new car will give you an inventory of 200,000+ miles, but the full cost of buying and running (including interest) will be a lot more.
Even if you intend to only own a new car for a certain period time, it absolutely will cost more money than your current used car - especially if you fund it via PCP.
As others say, £1k maintenance doesn't sound too unusual on a 2017 car. You probably have an inventory of 100,000+ more economic miles left in your current car.
A brand new car will give you an inventory of 200,000+ miles, but the full cost of buying and running (including interest) will be a lot more.
Even if you intend to only own a new car for a certain period time, it absolutely will cost more money than your current used car - especially if you fund it via PCP.
Personally I would keep the Tiguan. You may have been unlucky with the battery, but you've got a new one now. I would have expected the original one to last another year or 2, but it's not the end of the world.
Glow plugs would likely need changing in any diesel at 90k.
It should do another 100k miles / 10 years if serviced properly. Also, £500/year to maintain a big heavy car is quite reasonable and to be expected imo.
Looking at the new car suggestions, I don't think either are available with a diesel engine, which isn't great if you're doing big mileage with a full car. Although I can see the appeal with the Kia 7 year warranty, not enough to justify financing £35k to get one though.
Glow plugs would likely need changing in any diesel at 90k.
It should do another 100k miles / 10 years if serviced properly. Also, £500/year to maintain a big heavy car is quite reasonable and to be expected imo.
Looking at the new car suggestions, I don't think either are available with a diesel engine, which isn't great if you're doing big mileage with a full car. Although I can see the appeal with the Kia 7 year warranty, not enough to justify financing £35k to get one though.
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