-   Lost Password?   -   Register
  -   Lost Password?   -   Register

members do not see advertisements

Brand new car
Author Message
Hero-of-the-night Offline
Registered User

Posts: 1,135
Joined: Jun 2017
Post: #1
Brand new car
Anyone every bought one brand new? Is it worth it or are cars a year or two old better?

The Mrs wants me to get her the new Sortage GT line, 18 plate, but I’m worried the value will drop drastically.
13-02-2018 07:35
Find Posts Quote
tangerinejezza Away
Pottys stalking victim

Posts: 23,051
Joined: Jun 2012
Post: #2
RE: Brand new car
20% driving off the forecourt
13-02-2018 08:23
Find Posts Quote
munkle Offline
Hooligan Apologist

Posts: 4,618
Joined: Mar 2012
Post: #3
RE: Brand new car
Preregistered is the way to go. Basically dealerships are targeted that they have to register so many cars a year so if they’re below target, they’ll register them and sit them on the forecourt. Means you can get a huge discount as they are technically second hand. I got £8k knocked of a fully spec 1 series BMW - almost 30%. Was delivered to me with 14 miles on the clock. I’m now looking to sell it and I can’t claim it’s only had 1 owner but I’ve got all the paperwork to show that realistically, I’m the only one who’s driven it.
13-02-2018 08:33
WWW Find Posts Quote
thetruth1953 Offline
Registered User

Posts: 3,024
Joined: Jul 2014
Post: #4
RE: Brand new car
I agree with Munkle my mate did it with a Ford fiesta saved a fortune.
13-02-2018 09:14
Find Posts Quote
Hero-of-the-night Offline
Registered User

Posts: 1,135
Joined: Jun 2017
Post: #5
RE: Brand new car
Too late now, just stuck 12k doposite down.
I never knew you could only put maximum 40% deposits down on a car.
13-02-2018 11:26
Find Posts Quote

members do not see advertisements

thetruth1953 Offline
Registered User

Posts: 3,024
Joined: Jul 2014
Post: #6
RE: Brand new car
(13-02-2018 11:26)Hero-of-the-night Wrote:  Too late now, just stuck 12k doposite down.
I never knew you could only put maximum 40% deposits down on a car.
Is that to stop money laundering?
What if you are a legitimate cash buyer,plus the vendor will make money out ot the credit deal.
(This post was last modified: 13-02-2018 12:47 by thetruth1953.)
13-02-2018 12:46
Find Posts Quote
Hero-of-the-night Offline
Registered User

Posts: 1,135
Joined: Jun 2017
Post: #7
RE: Brand new car
(13-02-2018 12:46)thetruth1953 Wrote:  Is that to stop money laundering?
What if you are a legitimate cash buyer,plus the vendor will make money out ot the credit deal.

We had the option of buying it with full payment but I didn’t want to pay the lot up front.
I did want to put 20k down and 9k on finance but the lad said I couldn’t. I did not ask why.
13-02-2018 12:51
Find Posts Quote
Windridge Offline
Registered User

Posts: 437
Joined: Jan 2018
Post: #8
RE: Brand new car
Last car I bought was from Newport Auctions in South Wales.

Very good, and touch wood no problems.

It depends on the dealer as well - Motorpoint are pretty good.
13-02-2018 17:07
Find Posts Quote
Hero-of-the-night Offline
Registered User

Posts: 1,135
Joined: Jun 2017
Post: #9
RE: Brand new car
(13-02-2018 17:07)Windridge Wrote:  Last car I bought was from Newport Auctions in South Wales.

Very good, and touch wood no problems.

It depends on the dealer as well - Motorpoint are pretty good.
Ours is from Kia with a seven year warranty.
13-02-2018 17:56
Find Posts Quote
thetruth1953 Offline
Registered User

Posts: 3,024
Joined: Jul 2014
Post: #10
RE: Brand new car
(13-02-2018 17:56)Hero-of-the-night Wrote:  Ours is from Kia with a seven year warranty.

The one from Hyundai is only five years but it covers more parts.
13-02-2018 18:33
Find Posts Quote

members do not see advertisements

Hero-of-the-night Offline
Registered User

Posts: 1,135
Joined: Jun 2017
Post: #11
RE: Brand new car
I’ll see how it holds up with Mrs Schumacher driving around in it.
I reckon it will be worth about 8k in three years after she has finished.
13-02-2018 18:55
Find Posts Quote
tangerinejezza Away
Pottys stalking victim

Posts: 23,051
Joined: Jun 2012
Post: #12
RE: Brand new car
(13-02-2018 18:55)Hero-of-the-night Wrote:  I’ll see how it holds up with Mrs Schumacher driving around in it.
I reckon it will be worth about 8k in three years after she has finished.

Somewhere ( I think wich) have a depreciation table for all cars. Some lose faster than others
13-02-2018 19:19
Find Posts Quote
Hero-of-the-night Offline
Registered User

Posts: 1,135
Joined: Jun 2017
Post: #13
RE: Brand new car
(13-02-2018 19:19)tangerinejezza Wrote:  Somewhere ( I think wich) have a depreciation table for all cars. Some lose faster than others

That could be a very sobering read for some.
13-02-2018 19:23
Find Posts Quote
TheSteed Offline
Site Overlord

Posts: 1,005,275
Joined: Jan 2012
Post: #14
RE: Brand new car
(13-02-2018 12:51)Hero-of-the-night Wrote:  We had the option of buying it with full payment but I didn’t want to pay the lot up front.
I did want to put 20k down and 9k on finance but the lad said I couldn’t. I did not ask why.

Wait a month then ring up the finance company and say you want to make a lump sum payment if £8k against the loan.
15-02-2018 06:58
Find Posts Quote
seasider Offline
Administrator

Posts: 57,787
Joined: Feb 2012
Post: #15
RE: Brand new car
I just do a PCP on a used car but it's subsidised by my company. Not sure this is the route I would go down if it was for personal use as you locked down and if you change your car early, the depreciation usually means you lose out.
15-02-2018 08:27
Find Posts Quote

members do not see advertisements





User(s) browsing this thread: 1 Guest(s)

Contact Us | Back Henry Street | Return to Top | Mobile Version | RSS Syndication | Forum Rules