dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
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Basically ive always been told since I can remember that buying a car brand new is pointless, that as soon as you drive it away you lose £1000 upwards (depending on purchase price), and that they can still go as wrong as an older car?
Its just that with these 0% finance deals around for 3 years, it does make it affordable, and lets face it, if you buy new you are going to look after it so might keep it for more than 3 years?
Im not buying anytime soon, but anyone got thoughts on this cos obv everybody has a different view 
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Matt L
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Registered: 17th Apr 06
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id like to buy brand new, not a huge fan of second hand tbh as you never know what the previous driver treated it like.
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johnhara1
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Registered: 19th Oct 06
Location: Newcastle upon Tyne
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Normally i would always say no, go for something a yr old and go to the dealers just a the new reg is coming out. This way you can snatch a bargain as they need space for new cars but if you can find a decent finance deal then yeah why not.
You'll know it hasnt been thrashed.
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dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
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Well take this for example, we will be looking for a nice newer car, weve currently got a 1.8si R reg escort, i mean theres little wrong with it and its cost us bugger all in maintenance so far except for a couple of new tyres, but it revs itself silly sometimes so can see it failing on emissions or something in 4 months.
We arent necessarily looking for new, but something like this:
http://www.stoneacre.co.uk/flash-offer1.htm
Would be perfect, and if you ask me, £8000 for a brand new car is incredible, considering I love the shape of these Punto's anyway, and those weekly payments of £30 would be no problem, I put away £40 a week now into savings anyway, so it just seems so affordable, just want someone to talk me out of it 
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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ONLY if you can get it at 0% then yes.
If not, go for some kind of ex-demo type car. Often come with 3 years warranty from a dealership and fully loaded for not a lot of money.
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dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
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Deano, definetly 0%, im doing the Accountancy and Finance degree so I'm really getting inside knowledge on interest and how it works and how the companies really do rape us poor consumers, and Ive also got Contract Law mixed in there as well so I got a basic idea of what to look for in the paperwork 
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Sunz
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Registered: 12th Jan 07
Location: SE England
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New just seems restricted and expensive to me, you need full comp insurance, being 21 this would mean new I would have to get something like a 1.2 which I would never keep for 3 years, 1.2 + 3yrs= bored to tears....Say you got a car for £10k-£11k after the 3 years it would be worth £3000-£3500. You damage it then use the fully comp for repairs and your insurance will shoot up, seems like lose lose situation where your just going to loose money, maybe you will gain some credit history 
Good side is you get a 3 years warrenty if anything does go wrong but other then that I cannot see the point.
Kia do 7 years warrenty which sounds pretty good value for money.
Old cars are great, cheaper insurance and cheaper to fix.
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dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
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Well our insurance fully comp this year (20y/o male and 19y/o female) would be £520 FC for a standard policy but we are going on PAYG which will work out around £350 FC for the year, so tbh insurance isnt really an issue, as we would be going for a 1.2/1.4 anyway as that is all we need. As we both arent over interested in going stupid speeds (70mph is the limit anyway) wouldnt need anything bigger than that
Its things like your 3 year warranties (i know not everything is included) first 3 years no MOT's, knowing its not been thrashed to pieces etc are all the pros
I do hate the depreciation though, does bring a tear to the eye lol
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Rob H
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Registered: 28th Oct 00
Location: Staffordshire Drives: Astra SRi
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as that punto is over 5 years, work out how much it would cost you to take a loan out over that period for £8k. I recon even a 12/18 month old car would still fetch £6k and again if you worked out your monthly payments it would probably work out more expensive I imagine.
It's probably worth noting that you should expect more niggles with a brand new car than you would for a 12 month old one.
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Kano
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Registered: 29th Aug 04
Location: Fife
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quote:
Originally posted by deano87
ONLY if you can get it at 0% then yes.
If not, go for some kind of ex-demo type car. Often come with 3 years warranty from a dealership and fully loaded for not a lot of money.
0% is a lot of shite.. I work for Vauxhall, there 0% deals are all fine and well but you pay full wack for the car. I can beat a 0% deal on a normal finance scheme purely because of the discount on list price..
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Rob H
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Registered: 28th Oct 00
Location: Staffordshire Drives: Astra SRi
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quote:
Originally posted by Kano
0% is a lot of shite.. I work for Vauxhall, there 0% deals are all fine and well but you pay full wack for the car. I can beat a 0% deal on a normal finance scheme purely because of the discount on list price..
Obviously depends on the dealership then - I was given 2k off list price of my VXR, then offered FDA or 0% over 4 years.
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Andrew
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Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
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Depends on where you park it, how you look after it etc.
Bought 3 cars from new now, well delivery miles. Don't think i will do again next time around as i don't look after the pug the way i should.
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Colin
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Registered: 4th Apr 02
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I dont consider myself to be wedged enough to be able to buy a new car, I know what brands I like & would rather buy 2nd hand than take on a lesser moddel. Im also not sure I could commit to keeping a car for 3 years.
So yea, 2nd hand for me until I consider myself to be wedged enough to be able to buy a new car easily without having to worry about payments or depreciation!
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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Theres no harm in buying brand new as long you accept from the outset that it'll lose a chunk as soon as its on the road.
If you can afford/want to buy new why not! Live a little
Ex-demo is quite a good way to get a basically brand new car. Even if it might have had a bit of abuse to start with it'll do it no harm and you get a nice discount.
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Mike GSi
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Registered: 3rd Jan 07
Location: Ipswich, Suffolk Drives:Astra VXR
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id normaly say no but hyundi are doing that 5yr or 100k warrenty. could be worth it imo, deppending on what sort of car you require though i guess.
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Colin
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Registered: 4th Apr 02
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quote:
Originally posted by Matty G
Theres no harm in buying brand new as long you accept from the outset that it'll lose a chunk as soon as its on the road.
If you can afford/want to buy new why not! Live a little
Ex-demo is quite a good way to get a basically brand new car. Even if it might have had a bit of abuse to start with it'll do it no harm and you get a nice discount.
How are you finding your lease plan? Im tempted towards getting one. Not sure tho, suppose theres arguements pro & against!
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Rob H
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Registered: 28th Oct 00
Location: Staffordshire Drives: Astra SRi
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quote:
Originally posted by Colin
How are you finding your lease plan? Im tempted towards getting one. Not sure tho, suppose theres arguements pro & against!
IMO lease plans are only their to make a company money, and being as their are som many lease companies about, i'd imagine their's a fair bit to be made from it, indicating it's not the cheapest way to get your hands on a new car  .
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loo_goblin
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Registered: 14th Jul 04
Location: Horsham, West Sussex
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i feel that if your going to have the car for 5 or more years its worth buying brand new
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Ben G
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Registered: 12th Jan 07
Location: Essex
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only reasons i bought brand new were becausei got staff discount and a ticket for a car (3 year deal, swap the car every 9-12 months if you wish) and still get back a good amount of money and also because everything always broke in my corsa so i gave up 
basically, if i trade my car in in july for the focus st, i'll get about 8k i guess for the fiesta (paid 9700 for it) then can just adjust the finance plan to suit the amount needed to pay. not bad losing under 2k in a year IMO.
[Edited on 03-03-2008 by Ben G]
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Pop
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Registered: 8th May 03
Location: Reading
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Like Kano I can usually sell a new car at a better deal than 0%
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Joe
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Registered: 20th Jun 04
Location: Hesketh Bank, Lancashire
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I would only buy brand new if I was getting something decent, spending £35k +
For something run of the mill i'd just get one thats done a few miles. My dad sells mainly 6-12 month old vauxhalls, the money they lose from brand new is silly.
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p4uls corsa
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Registered: 2nd May 05
Location: BRADFORD
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i allways buy second hand cars as i could not see myself losing 5k over the 3 years there is 2005 punto's for sale on autotrader from £2200 up theres one at £2500 with 18k on the clock
ive been driving 9 years and only ever lost money on a couple of cars and its never more than £500 most cars ive kept 6-12 months and made money on
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adibop
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Registered: 15th Jan 08
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I got me a 57plate car three mths ago and it gets on my tits every time i wash it i find something that i didnt the last time with a old car you dont fell so bad and dont take a new car to a supermarket its a good way to lose 2k in dents
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mattk
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Registered: 27th Feb 06
Location: St. Helens
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Ive always said it, Id nerver buy a brand new car
My car had a LIST price with all the options of £15,600
16 months and 19 thosand miles later I paid £8450 for it
yes its an orange fiat so the resale was never gonna look promising but I quite happily put up with it not being brand new for the saving I got
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Gavin
Premium Member
Registered: 3rd Apr 02
Location: West Midlands
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same here... I'll never buy brand new. I'd rather go for a 1-2 year old car with a few thousand miles over the smell of a brand new car as I'll be saving ££££
pew pew pew pewwwww
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