Thinking of selling the daily

[bluespit]

We have six cars between two of us and like and use every one. My daily hack is a 2009 c220cdi estate which does everything well, we've also got a grand vitara, 3 series and the Z obviously. Plus my two classics, the stag and mini cooper.

I can't put into words how dreadful the mercedes dealer has been but sufficient to say I will never set foot in their dealership again and their awful attitude has really spoilt the whole ownership experience.

So I have a dilemma, sell the merc or keep the merc? If I sell do i replace it?, what with. Another estate hack, something small and economical. New or used, cash or pcp, do I need to replace it at all? If I keep it then how long for.

Don't need the money, have space for everything, use everything, like everything but get cross when I'm in the merc!



Thoughts welcome

 

[Liam-O]

Sell the merc, don't replace if you don't need a "bigger" car, if you do, get an Audi.

 

[Mowflow]

Buy cash if it's used and PCP if it's new. Buying a new car with your own cash is what mugs do.

But yeah. Sell the Merc. Life is too short to be letting little things put you in a bad mood.

 

[Anonymous]

Buy cash if it's used and PCP if it's new. Buying a new car with your own cash is what mugs do.

Hmm, I've always paid cash for my cars and my purchase last March for my Porsche/Fiesta totaled £110k, so I'm a mug am I? :?

I always ask the dealer for the cheapest way to purchase the car and I always get the same answer= "Cash if you've got it", don't forget the total dealer margin is less with a cash purchase.

Also I do like owning the car myself.

 

[Bing]

Buy cash if it's used and PCP if it's new. Buying a new car with your own cash is what mugs do.

Hmm, I've always paid cash for my cars and my purchase last March for my Porsche/Fiesta totaled £110k, so I'm a mug am I? :?

I always ask the dealer for the cheapest way to purchase the car and I always get the same answer= "Cash if you've got it", don't forget the total dealer margin is less with a cash purchase.

Also I do like owning the car myself.

If you have the money for a new car, and you intend to keep it a while, then why not pay outright ? Someone has to buy them new or the roads would end up looking like Cuba's ( no offence to any Cubans )

Agree on owning the car - I 'own' mine through a personal loan on a great rate with the bank.

 

[Mowflow]

No Kryton, you're clearly no mug if you can afford to throw £110k down on cars in one go. That proves your doing something right in this life. Certainly more right than anything I'm doing

I take it you did get a finance quote and push a deal rather than just ask what was cheapest. They normally give better discounts for taking finance, I've bought cars on finance and I've bought cars cash and i've always for a slightly better deal with finance. If you have the cash the clever way to do it is actually to take the finance, get the (higher) manufacturer and dealer contributions that are normally offered on these products and then clear the finance with the cash within the cooling off period. I did this with an Audi several years ago. My guess is that if you keep the Porsche around 3 years it will cost around £1k per month at best in depreciation but I'm sure you've looked at all the figures and should be in that turbo or new R8 in 2 years time as planned.

I still think that if you are buying cash then the sensible money buys ex demo, pre reg or a few months old even if you do intend to keep the car until the day you die. The depreciation curve on most cars means that outright ownership from new is never the best. The trouble with cars is you lose money no matter what, it's damage limitation against how much you value enjoyment.

Anyway OP. Sell the car you aren't enjoying it.

 

[tdansmith]

:? How can buying on finance possibly be a better deal than buying outright? :?

One way or the other the you're paying for the depreciation of the car over the duration of ownership.

 

[IK.]

Buy cash if it's used and PCP if it's new. Buying a new car with your own cash is what mugs do.

Hmm, I've always paid cash for my cars and my purchase last March for my Porsche/Fiesta totaled £110k, so I'm a mug am I? :?

I always ask the dealer for the cheapest way to purchase the car and I always get the same answer= "Cash if you've got it", don't forget the total dealer margin is less with a cash purchase.

Also I do like owning the car myself.

Can I marry you please?

 

[Mowflow]

:? How can buying on finance possibly be a better deal than buying outright? :?

One way or the other the you're paying for the depreciation of the car over the duration of ownership.

To many people think finance is a bad word. Loads of people on here have a really old fashioned attitude towards it and blame it for all the worlds issues. I dare say most have credit or finance of some form or another and it works for them because they are not the overstretched chumps that got us into stick. The variables are different with a car but you can make it work for you. People get suspicious of car dealers saying they always win and thinking they just want to screw you. It's not like that anymore. What they are too naive to think about is the fact that a dealer network doesn't want to screw Mr & Mrs Smith over for an extra couple of grand over 3 years on one car and never see them again. They'd rather make a smaller profit several times over when they come back time and time again to buy another one of their cars. They then get the used car in so are replenishing used stock which gets sold at a profit again. Therefor sustaining the whole business.

I'm not saying it's for everyone and it works every time. The finance packages available on some cars can be absolutely terrible. There are ones that make sense though. Mercedes for example do some incredible deals.