the price of new cars

[buzyg]

Never bought a new car, however my first motorised vehicle purchase, was a spanking new motor bike, for £1300, cash, back in 1982. Sold it three years later for £350. Never bought new since.

Wait 18 to 24 months and get 35 to 45% off, for a vehicle that some one else has sorted out the possible niggles on. Always pay cash and get more off.

Only allowable exceptions, if it's a tax break, or if you have more money than you know what to do with.

 

[Maniac]

Never bought a new car, however my first motorised vehicle purchase, was a spanking new motor bike, for £1300, cash, back in 1982. Sold it three years later for £350. Never bought new since.

Wait 18 to 24 months and get 35 to 45% off, for a vehicle that some one else has sorted out the possible niggles on. Always pay cash and get more off.

Only allowable exceptions, if it's a tax break, or if you have more money than you know what to do with.

The only concern for me buying used, is just what you don't know about the car. Has it been damaged, are there faults that made the owner sell it on etc... Hopefully, buying new means at least you know its not been whacked into a wall.

 

[tomscott]

The only thing with buying new cars is that you get exactly what you want and its yours from new so you know how its been treated.

But again I struggle to understand why you would buy new the chase is the fun, I dont care that my car is a few years old its still awesome.

 

[StevenH72]

Well, I could afford to pay 40K for a new car. I choose to keep the cash.

Lets all have a round of applause for Tony :happyclap: :wink:

 

[tomscott]

Never bought a new car, however my first motorised vehicle purchase, was a spanking new motor bike, for £1300, cash, back in 1982. Sold it three years later for £350. Never bought new since.

Wait 18 to 24 months and get 35 to 45% off, for a vehicle that some one else has sorted out the possible niggles on. Always pay cash and get more off.

Only allowable exceptions, if it's a tax break, or if you have more money than you know what to do with.

The only concern for me buying used, is just what you don't know about the car. Has it been damaged, are there faults that made the owner sell it on etc... Hopefully, buying new means at least you know its not been whacked into a wall.

This thats a bit of a silly opinion to have fair enough air of caution but not to buy a second hand car is a bit extreme. That is what the approved BMW bit is for although you cant always have complete faith in it.

Who cares if the car was 40k you buy what you can afford you live within your means.

 

[adam.b]

Who cares if the car was 40k you buy what you can afford you live within your means.

Crickey!

Dullola!

3.5s next time, I can afford to run this one, it's ruining the fun!

 

[Wondermike]

Sorry Tony but that sounds horrendously pretentious.

Lets all have a round of applause for Tony :happyclap: :wink:

To be fair to Tony he posted the info in response to this thread and some specific posts, it's not like he just announced it.

To the OP, yes configuring the top of the range might be painful but there are plenty on here who settled for the 20i M Sport and at £300 a month with no or little deposit, it's a lot more affordable than just the headline list price might suggest.

 

[buzyg]

Never bought a new car, however my first motorised vehicle purchase, was a spanking new motor bike, for £1300, cash, back in 1982. Sold it three years later for £350. Never bought new since.

Wait 18 to 24 months and get 35 to 45% off, for a vehicle that some one else has sorted out the possible niggles on. Always pay cash and get more off.

Only allowable exceptions, if it's a tax break, or if you have more money than you know what to do with.

The only concern for me buying used, is just what you don't know about the car. Has it been damaged, are there faults that made the owner sell it on etc... Hopefully, buying new means at least you know its not been whacked into a wall.

The bike was in the Garage 3 times in the first 12 months. New is no guarantee of a hassle free life.

That great feeling riding out of Rafferty Newman soon passed.

Too swap things around a bit. I thought about buying a older 360 Spider and running it for a couple of summers. V little depreciation but larger running costs.

As with many of us, I chose the middle ground.

 

[adam.b]

To the OP, yes configuring the top of the range might be painful but there are plenty on here who settled for the 20i M Sport and at £300 a month with no or little deposit, it's a lot more affordable than just the headline list price might suggest.

Oh yes!!

 

[gallaghb]

I bought my first BMW brand new, but only because company I worked for was a supplier to BMW and we got 15% off new cars

Shouldn't have really though, as at that time could only just afford it, so settled for less than what I really wanted so chopped it in 18 months later for a 1yr old M sport model with loads of toys and for less £ per month!

But yes I wouldn't buy new again unless I earnt enough that it didn't bother me. The depreciation is ridiculous, the 120i m sport I bought was over £28k list price with extras, I bought it less than 1 yr old with 4k on it for £18k. Was an ex BMW UK car.

 

[Tonybz]

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....

Sorry Tony but that sounds horrendously pretentious.

Sorry if I sound to you pretentious. Trust me,I'm not. I work 10 hours a day in my own buisines, first in,last out at night. The cash is in the bank,offset against my mortgage. I could easily pay cash but as I tried to show,it makes no sense. Hp / pcp is afar better way to purchase my new Z4 IMHO.

 

[Tonybz]

Well, I could afford to pay 40K for a new car. I choose to keep the cash.

Lets all have a round of applause for Tony :happyclap: :wink:

Thank you very much......
:thumbsdown:

 

[Tonybz]

Sorry Tony but that sounds horrendously pretentious.

Lets all have a round of applause for Tony :happyclap: :wink:

To be fair to Tony he posted the info in response to this thread and some specific posts, it's not like he just announced it.

To the OP, yes configuring the top of the range might be painful but there are plenty on here who settled for the 20i M Sport and at £300 a month with no or little deposit, it's a lot more affordable than just the headline list price might suggest.

Thank you for the balanced view Mike.
People who moan about depreciation shouldn't purchase a mainstream new car. Depreciation is a fact.

 

[chris g]

Well, I could afford to pay 40K for a new car. I choose to keep the cash.

Lets all have a round of applause for Tony :happyclap: :wink:

Thank you very much......
:thumbsdown:

http://www.youcouldsave.co.uk/if-it-appreciates-buy-it-if-it-depreciates-lease-it/

sounds like you are in good company and have the right idea mate!

I did buy a new car once, it was a new mini for my daughter for passing her degree, and i financed that one ... I was just amazed at how dear new, well specced z4's are.

 

[original guvnor]

Buying new is model dependent. Look at the 3-year old prices of the model you are interested in (or nearest equivalent). If it's worth 65% or more of the original purchase price it's probably worth buying brand new. Anything less than that don't bother.

 

[Napastar]

Buying new v used really is a case of you pay your money.... as I can see the benefits of both

New - you get the exact spec you want and you know its history and that it hasnt been redlined off the forecourt (and of course that unique new car smell)

Used - No VAT, someone else has taken the depreciation

Buying new when the model has only just been released usually means no discounts ( I remember when the new mini was first released used were selling for more than new ) but you get the satisfaction of driving something special. Those who wait miss out on that but dont have to dig so deep.

Not sure if it still works this way but dealers used to have to have a certain number of demonstrators and showroom stock neither of which they paid for until the vehicles reached 6 months old. Before that point they are obviously very keen to sell.

Ive just picked up a 4 month old 2.0iS with 73 miles on the clock for £20.9k and £1k over Glasses guide on my 330d e92 trade in. I would have loved it to have been brand new, but its still had the new car smell and has helped mitigated the huge depreciation. For the sake of 73 miles I figured it was worth it

 

[Anonymous]

I've always been able to purchase new without finance, otherwise I'd have bought secondhand say 3 years old, it's just down to disposable income at the end of the day for us all

 

[chasBMW]

Having thought about this a bit I will admit to being puzzled , On the day you buy if the deal is the one you wanted and you can afford it whats the problem , you got what you wanted at a price you liked , its going to be worth less in the future is that really a suprise , if it is im not sure you should be driving any car let alone a new one

 

[Tonybz]

Having thought about this a bit I will admit to being puzzled , On the day you buy if the deal is the one you wanted and you can afford it whats the problem , you got what you wanted at a price you liked , its going to be worth less in the future is that really a suprise , if it is im not sure you should be driving any car let alone a new one

Exactly. May be worth calculating the cost of a taxi instead of buying a car at all.... Or stare lovingly at the bonnet as you pour the sauce. You pays your money,you takes your choice.