the price of new cars

C

chris g

Active member
 Blackpool
being a bit bored last night, I went on the BMW web site and found myself "building my own BMW"

its a lot of fun, im sure everyone has done it, mine was a z4 35 iS roadster, in valencia orange with that amazing alcantara / leather, orange stripe interior.

Not many extras, sat nav, decent sounds, heated seats .... And I have to say it looks like an amazing car - really nice, then i looked at the new price ....

£49, 995....... I was a little surprised at the resulting price, im sure its fair and value for money, but when i looked at how hard it is to earn £50k after taxes and paying the mortgage and Mrs G and the little uns hobbies and sports, I think £50k represents a huge number of years worth of my disposable income.

I dont buy new cars very often, and I wondered how many people on the forum bought their Zed or other cars brand fire new ? I thought i was reasonably well paid until i worked out how many years of my beer money would have to be squirreled away to pay for one of those - If i had to save up and then buy it, I would be able to insure it on a classic policy....
 
I always used to believe that i should spend at most a third of my annual income on a new car purchase.....

Thats was until i realised it would mean i would forever be driving a VW golf!

Now i just put away some cash each month... And after a few years blow it all on something... Car, house etc!



Sent from my iPhone 5 using Tapatalk
 
Mine was £48K new in 2009. There were no discounts at that time, and, it was also a very exclusive car, therefore IMHO worth the outlay. Now I look back 3 years on and it was silly to spend that, which feels reinforced by BMW now selling these cars at much lower prices due to massive discounts. You may well see the car on the site at £50K but from what everyone else here is saying, you can take £10K off that in negotiations. You can buy an entire car with the discounts they're offering. Madness.
 
Maniac said:
Mine was £48K new in 2009. There were no discounts at that time, and, it was also a very exclusive car, therefore IMHO worth the outlay. Now I look back 3 years on and it was silly to spend that, which feels reinforced by BMW now selling these cars at much lower prices due to massive discounts. You may well see the car on the site at £50K but from what everyone else here is saying, you can take £10K off that in negotiations. You can buy an entire car with the discounts they're offering. Madness.
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You've got every right to be narked. It's a lot of cash and BMW are doing themselves no favours going forward.
 
Maniac said:
Mine was £48K new in 2009. There were no discounts at that time, and, it was also a very exclusive car, therefore IMHO worth the outlay. Now I look back 3 years on and it was silly to spend that, which feels reinforced by BMW now selling these cars at much lower prices due to massive discounts. You may well see the car on the site at £50K but from what everyone else here is saying, you can take £10K off that in negotiations. You can buy an entire car with the discounts they're offering. Madness.
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The 10k off was due to two deal running at the same time, the 1st a large dealer contribution the 2nd free msport package (not available on 35is btw). Add these together an you got ~10k dealer contribution (mine was 9.2k). Both these deal were for orders up to 31st March only. They have now finished. If you can get 10k off today remains to be seen,
 
These deals come and go all the time. Even if you can't get a lot off now, you will be able to again soon. In any event, its the fact they are offering such large discounts that is getting these cars on the road. Great for new buyers, great for clearing stock for BMW, not great for those that bought in early. But I've said all this before and it doesn't help anything other than to depress me on the outlay I made. It has taught me a valuable lesson though, and having slept on my thoughts of a GT86 and A7 etc... its simply never to buy another expensive car.. well, unless you're so rich you can afford to lose the money. Depreciation is one thing, depreciation on an expensive car is worse still, but depreciation on an expensive car with that same depreciation fuelled by dealer discounts... well.
 
I have never bought a brand new car, and I've never bought on finance.

Albeit I'm 25 so I don't have a huge car history, but my first two cars (before the zed) were both ex demo ford focus's which I bought 5/6 months old with approx 5k on the clock.

I can't see that I'd ever be able to stumache the depreciation of buying brand new... unless one day I'm really rolling in it, or intend to keep a car as long as it will go.
 
Just so learn the lesson a long time ago not to buy new when it is a brand new model my new 35imsport good spec except nav which I dont want anyway ordered near end of March is coming in at 34k which I am well happy with but its a hard lesson to learn. :headbang: :headbang:
 
Maniac said:
Mine was £48K new in 2009. There were no discounts at that time
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Not quite correct I'm afraid, I negotiated a massive discount (for cash) on a 35iS in 2009 before any cars had been delivered to the UK, I had to wait about 5/6 months from my order and took delivery on 1/03/10 it cost me £39050 and the car had a good spec :driving: sold it about 18 months later for £34500, they were still a rare car then so the selling price reflected that.

It just never looked clean for more than a day and I'd had enough of washing it

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Paul c said:
Just so learn the lesson a long time ago not to buy new when it is a brand new model my new 35imsport good spec except nav which I dont want anyway ordered near end of March is coming in at 34k which I am well happy with but its a hard lesson to learn. :headbang: :headbang:
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thats a fair price, i can see why others that paid more would be peeved - but thats a decent price
 
ab7 said:
I have never bought a brand new car, and I've never bought on finance.

Albeit I'm 25 so I don't have a huge car history, but my first two cars (before the zed) were both ex demo ford focus's which I bought 5/6 months old with approx 5k on the clock.

I can't see that I'd ever be able to stumache the depreciation of buying brand new... unless one day I'm really rolling in it, or intend to keep a car as long as it will go.
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You say that, but when looking for mine I found a 4 month old 2.5k miles nearly new almost same spec car for advertised at £37k+delivery as it was up north. My brand new one at slightly higher spec with discounts is £38k. If you factor in the fact that apr on new is 5.9% and on nearly new was 10.5% plus higher buy back at end the new car was cheaper over three years. This is not uncommon one of the motornig magaznies (not sure which one) recently had examples of 5 or 6 most popular cars where nearly new wasn't cheaper than new over three years, this included the focus iirc.
 
I have been buying new cars since 1992 and being the sad individual that I am still have all the invoices , if I ever want to depress myself I add them up !! , I know that I have spent an unfeasable amount of money doing this enough probaly to retire early but being blunt I did what I wanted to and there is usually a price for that. Im not recommending buying new though
 
I always said to my self I would never buy a new car because of the depreciation. I have not bought a car brand new yet but if I found my self in a position where money was no issue I know I would.
 
I never buy new cars, for the simple reason that when you drive out of the garage where you bought the car, the value immediately drops thousands! :|

To me it makes much more sens to buy a second hand car with a 2-year BMW warranty, they are still more expensive than any other second hand car, but cheaper than a new one. And when you drive out of the garage, the value doesn't drop as much. :thumbsup:

For me it's the best balance between taking a gamble on a second hand car and spending the right price. Downside of course is that sometimes you have to settle for something that may not be a 100% what you wanted. But that is why they have invented Z4-itis :evil:
 
Kryton said:
Maniac said:
Mine was £48K new in 2009. There were no discounts at that time
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Not quite correct I'm afraid, I negotiated a massive discount (for cash) on a 35iS in 2009 before any cars had been delivered to the UK, I had to wait about 5/6 months from my order and took delivery on 1/03/10 it cost me £39050 and the car had a good spec :driving: sold it about 18 months later for £34500, they were still a rare car then so the selling price reflected that.
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Well its correct for me. I didn't have £40,000 in cash to spend on a car. ... and wasn't the iS (and M Sport) a 2010+ car, about a year after the SE versions?
 
Well here in Switzerland my car (before taxes) was 107,000 CHF thats 74600 pounds. After someone had pampered it for 22k km for 16 months they traded it in and I became the 2nd owner (full CPO with 2 year extension out to August 2015). In just over a year half the car dropped from the ridiculous 107k down to 54.6 (38k pounds) which you might consider substantial in the UK but in Switzerland isnt alot of money due to how well paid everyone comes out to less than 25% of combined take home. Its relative. Buying a new car (unless you really must have it or are filthy rich) is a bad move. Here at least there are many many rich buyers that will only buy top of the line model of their specific brand but there are few 2nd hand top end buyers. With inflated MSRP and saturated top end used car market, the 2nd hand price drop like a rock 51% residual in 16 months loss of 49% makes it truly ridiculous to by new. Best to wait one year get 40-50% off MSRP for gently used sub 20k km cars.
 
Well, I could afford to pay 40K for a new car. I choose to keep the cash,pay the finance at £400 ish per month,keep the cash in the bank.at the end of the three years,ill pay it off or send it back. It's all relative. I'm buying it as a toy. I use other cars when it's raining. Depreciation is only applicable when you sell it. I must say though I did notice it after trading in my two year old X5....
 
Tonybz said:
Well, I could afford to pay 40K for a new car. I choose to keep the cash,pay the finance at £400 ish per month,keep the cash in the bank.at the end of the three years,ill pay it off or send it back. It's all relative. I'm buying it as a toy. I use other cars when it's raining. Depreciation is only applicable when you sell it. I must say though I did notice it after trading in my two year old X5....
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Sorry Tony but that sounds horrendously pretentious. :rofl:
 
bought loads of new cars in my time .but will not do it any more when you see prices on nearly new z4 rybrook last month selling delivery milage well secked cars 2.0m sports for 23k and so on up the range 3.9 interestplus lots of other goodies :thumbsup:
 
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