Depreciation is the big clue to the fact that yes, we ARE being shafted.
You buy a new car for 15k. You drive it away, its immediately lost several thousand pounds worth of its value. If you lost your marbles and went to part ex it the following month, you might get three quarters of the price you paid for it against a simlarly overpriced vehicle.
No other large purchase which is available to the average Jo suffers that kind of loss of value immediately after parting with the moolah. Yes, we are being shafted/ stiffed/ stuffed.
I can't agree that we don't have choice, but I can agree that many of us can't afford to make the most of it.
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“No other large purchase which is available to the average Jo suffers that kind of loss of value immediately after parting with the moolah. Yes, we are being shafted/ stiffed/ stuffed.”
Ever looked at the price of used electrical goods and furniture? Pay £3k for a suite today and you’ll struggle to get £300 for it in 6mths. Other than houses most expensive purchases plumit in value after you take possession.
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“No other large purchase which is available to the average Jo suffers that kind of loss of value immediately after parting with the moolah. Yes, we are being shafted/ stiffed/ stuffed.” Ever looked at the price of used electrical goods and furniture? Pay £3k for a suite today and you’ll struggle to get £300 for it in 6mths. Other than houses most expensive purchases plumit in value after you take possession.
When I referred to "large purchases", I was talking about stuff that costs an equivalent amount to the average new car. I don't know what that figure is, but I reckon its got to be closer to 15k than 3k.
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You buy a new car for 15k. You drive it away, its immediately lost several thousand pounds worth of its value. If you lost your marbles and went to part ex it the following month, you might get three quarters of the price you paid for it against a simlarly overpriced vehicle.
No other large purchase which is available to the average Jo suffers that kind of loss of value immediately after parting with the moolah. Yes, we are being shafted/ stiffed/ stuffed.
NO? Buy a mobile phone and take it into Cashconverters or such and see how much they'll give you for it, or your 55" plasmas screen etc etc.
And you have a choice. If you can't afford it, If you want more/better choice there is a way. It's called work for it. study, get promotion, work more hours, be good at what you are doing and the rewards and choices will come. I know, been there done that!
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New 1 litres are here, but we have no idea of their longevity. Fine if you have a non turbo 60bhp VW up as i do, want a bit more power? Well, then those engines are being stressed.
I would suggest that the 1 litre non-turbo in the Up would be stressed more in day to day use than either the 95 or 110 PS turbo versions. Take the Up on a motorway and it the stress levels would be way higher than the turbo versions.
As an example I will compare our new Fabia TSi 110 PS with my dads Nissan Almera 1.6 SRi that he bought in the mid 90's, an excellent and pretty much bomb proof car. The cars are a similar size, when he swapped it he actually tried the Mk1 Fabia which was a bit smaller but since then, as with all cars, the Fabia has grown. The Nissan managed about 105 bhp if my memory serves me right and it went well enough but like all modern 16 valve N/A engines it needed some revs to get the full performance. At 70 mph on the motorway in 5th it was using about 3500 rpm. In comparison even thought the Fabia is still pretty new it only needs a touch on the right pedal in any gear with as little as 1500 rpm on the clock to get very good performance. On the motorway at 70 mph in 6th its using about 2300 rpm.
Driving the Fabia at normal speeds you are only using a fraction of the available performance, in the Up you will be using a much higher percentage.
We need to convert to these small yet powerful and efficient engines instead of using the old technology. Fuel efficiency on the VAG TSi's is incredible, our Fabia is currently averaging just over 50 mpg, the Almera would have been in the low 30's in similar usage, our 1996 Golf TDi ( a car still remembered fondly by many) only averaged about 46 mpg in day to day useage.
Technology has improved, embrase and enjoy it.
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The non turbo Up is high geared so it runs at quite low revs at a given speed and gear. However where I think you are correct is that when overtaking, you often have to drop down to 3rd to make sure you have enough oomph, and the same when going downhill uphill if you happen to be behind a mimser who doesn't know how to use his gears,
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You buy a new car for 15k. You drive it away, its immediately lost several thousand pounds worth of its value. If you lost your marbles and went to part ex it the following month, you might get three quarters of the price you paid for it against a simlarly overpriced vehicle.
No other large purchase which is available to the average Jo suffers that kind of loss of value immediately after parting with the moolah. Yes, we are being shafted/ stiffed/ stuffed.
NO? Buy a mobile phone and take it into Cashconverters or such and see how much they'll give you for it, or your 55" plasmas screen etc etc.
Not a "large purchase" as I was defining it. However, I do agree that TVs, phones and the rest are a ripoff too, and worth a fraction of what you pay for them new.
As for your comments about choice: yes, you can work your tripes off, put aside the money and once you've got it, choose to buy new and take the depreciation. Doesn't make the price of new cars any less of a ripoff in my book.
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"Depreciation is the big clue to the fact that yes, we ARE being shafted."
So buy a car which does not depreciate quickly, or a 12 month old one, or buy an older car.
I am amazed people complain about this when you have LOTS of choice and no-one forces you to buy a new car .
There's a word - rather several words- for people who complain about depreciation on new cars which nthey willingly buy - none are repeatable here..
I buy and keep for a decade or so - annual depreciation # is negligible.. Usually 1-3 years old so practise what I preach..
2003 Yaris d4d bought at 2.5 years old for £7200. Still owned. Annual depreciation under £600..
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If buyers of new cars can afford that depreciation, then good luck to them. If they can't, then maybe they deserve those unrepeatable words of yours.
I speak from a position of strength insofar as I'll never buy a new car unless I ever find myself with so much money that I don't know what to do with it. The newest car I have ever owned was 3 years old. It cost less than half its price when new and lost 5/6ths of what I paid for it during the 7 years that I owned it, but that was a helluva lot less than I would have lost had I bought new.
The price of most new cars, with the notable exception of the better examples of bargain basement motoring, is a ripoff, and nobody will persuade me otherwise.
Edited by argybargy on 15/06/2018 at 19:58
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The price of most new cars, with the notable exception of the better examples of bargain basement motoring, is a ripoff, and nobody will persuade me otherwise.
So as you know the costs involved in building/selling/arketing and developing a new car how much, for example, should Ford sell the Fiesta so that it's not a 'rip off'
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The price of most new cars, with the notable exception of the better examples of bargain basement motoring, is a ripoff, and nobody will persuade me otherwise.
So as you know the costs involved in building/selling/arketing and developing a new car how much, for example, should Ford sell the Fiesta so that it's not a 'rip off'
I'm not an engineer or marketing executive, but I would imagine that development costs have an element of the "one off" about them. Once the car is built and on the showroom floor, "development costs" would be confined to upgrades and problem solving. However, I guess that companies need to borrow money to develop a vehicle, and somehow they have to recoup that money. Not from me, however.
To me, a person of limited financial means, the cost of new cars makes no sense. The cost of used cars is a different matter, of course.
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