As we all know, you can buy most cars at three years old at up to 70% off new prices.
Why then, apart from tax fiddles and company cars {one in the same},do 'employed' people on average earing with buy new?
Imagine that you spend £15,000 on a car. Based on basic tax rates and national insurance, that means that a tax payer would have to earn around £22,000 to buy the car, or a year's average pay.
I cannot understand this, why buy new?, imported or other wise?
Alex
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Let me ask you a question, Alex.
Do you buy second hand televisions? Or refrigerators? Or wristwatches?
Because the same tax logic applies, and most second hand items that are 3 years old have significantly depreciated.
Ian
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There are valid arguments for buying both new and second hand. In the case of new, pride of ownership, three years hassle free motoring with present day warranties, latest technology etc. And when you finally turn your toes up all the money you've saved by buying used will either be squandered by your relatives of nicked by the taxman
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I agree with you that it's a good feeling to buy new and as with everything in life there is depreciation and surely the depreciation is less on a new rather than an old car.
Who cares anyway cos you need not worry...change it again after 3 years to something new an probably more exciting
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Given that cars generally have a short life expectancy plus you don't know how the previous owner(s) looked after (or more probably, thrashed the car!) you consider buying 3 year olds to be the best bet?
Sorry, I disagree. Sure you pay for the privilege of buying new but you do whether its a house, tv or anything else.
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Watcher wrote:
>
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> Sorry, I disagree. Sure you pay for the privilege of buying
> new but you do whether its a house, tv or anything else.
C'mon you are not telling us that you would pay extra for the priviledge of buying a new house! One of those cardboard hutches that you cannot swing a cat in.
Also the comparisons are not realistic. People buy TV's etc and keep them unbtil they are beyond economic repair. Not change every two years because there is a colour change or another must have fad.
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Without us stupid "employed" people buying new there wouldn't be many second hand cars on the market for you to buy and if there were they would be a lot more expensive.
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My point exactly Andy, please keep buying them.
Incidently Ian {Cook see above} all my houses have been second hand.
My last house was over 100 year old.
My TV and video were given to me, but all my wrist watches were bought new, along with my toilet paper.
That re-cycled toilet paper, would not fancy using someones, would prefer use the motoring section of the Saturday Telegraph, cut into squares and nailed onto the inside of the out house door, kept warm with a paraffin lamp.
Alex
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But I thought that most euroboxes were bought by fleets?
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The really baffling question is why, with 80% of new Vectras being sold onto fleets at huge discounts, any private punter whould shell out the full list price to own one himself. That really is what our website bof calls a "no brainer".
HJ
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One more thing about buying used - my car is registered in my own name, so when it is standing on a dealers forecourt with the sticker claiming one careful owner, FSH, what the prospective punter won't know is that for most of it's life it's been tortured by up to 100 learner drivers.
For that reason, I would NEVER buy a six month old Corsa with around 18000 on the clock, The British Sausage Makers do not register their cars under their trading name.
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It used to be Engineering Education Trust.
HJ
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For most people buying new is not even a option due the price of new cars.I can understand why people buy new cars when there are so many stories of clocking/ringing and other dodgy dealings.But for the most part buying a 3 year old car really is the best way to avoid heavy depreciation.
Its funny how people will seek out cars that have good MPG or lower Road tax rating without even considering the biggest motoring expense - Depreciation.
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Ignoring depreciation is "pennies wise and pounds foolish"
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In March 2000 we bought, new, a Golf GT TDI. Similar cars (same age, 2000 Y) are being advertised in the DT at the same price. It simply wasn't cost effective to buy second-hand. Clearly, the actual price will be less than the sticker price, a trade-in price, or private sale, but the difference won't be *that* great.
Choose the right car in terms of depreciation and there's no great problem. However, over particular landmark mileages cars do become more difficult to sell.
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Alex
There are key reasons why peple buy new, given above. The point is your headline is deceiving. You're not getting new car for 70% off, you're paying full price for a three year old one.
Your money, your choice
Regards
John
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Someone has to buy new cars to ensure a steady supply of nearly new and used motors on the forecourts - logical!
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