Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Please note that it is not permitted to have referral links posted in your signature. Keep these links contained in the appropriate forum. Thank you.
https://www.boards.ie/discussion/2055940817/signature-rules
https://www.boards.ie/discussion/2055940817/signature-rules
Current Used Car Values.
Options
Comments
-
-
-
-
-
-
Advertisement
-
-
-
Because 1 or 2 years tax can outweigh the savings if everything else is equalAgreed but there is still a natural difference in valuation between a '07 model and a '08, so if one has the urge for a '08 and the funding,why go for a ;07 just because it is cheaper?
The price difference isn't as big as people think........high price = high trade in price..................low price=low trade in price
As said earlier I've been looking and I haven't based my search on age but the tax difference isn't the issue.....it's finding a good used car with genuine mileage is the problem.
I've been searching and my mechanic has inspected 3 well minded* low mileage* cars this week.
Two were clocked and one was crashed badly previously :rolleyes:0 -
-
-
Advertisement
-
-
-
johnos1984 wrote: »Because 1 or 2 years tax can outweigh the savings if everything else is equal The price difference isn't as big as people think........high price = high trade in price..................low price=low trade in price
As said earlier I've been looking and I haven't based my search on age but the tax difference isn't the issue.....it's finding a good used car with genuine mileage is the problem.
I've been searching and my mechanic has inspected 3 well minded* low mileage* cars this week.
Two were clocked and one was crashed badly previously :rolleyes:
All very fine but then when changing time comes again you will get a better price for your newer car so therefore making better sense from the off to buy newer.
Which as you say you are finding it hard to find a modern well minded car with low miles?
Save your cash until September and buy mine..
EPM saw it this morning and would vouch for how clean it is :P0 -
-
-
-
-
when changing time comes again you will get a better price for your newer car so therefore making better sense from the off to buy newer.
You almost started believing that yourself, didn't ya?
Depreciation is based on the value of the car and the percentage of depreciation goes down over time. So buying a brand new car will give you a double hit.
Example: car is 30k new. Depreciation is 25% in the first year, 20% in the second and then 15% in the third year and 10% in the fourth year
Depreciation year 1 -> 25% of 30k = 7,5k
Depreciation year 2 -> 20% of (30k-7.5k) = 4.5k
Depreciation year 3 -> 15% of (30k - 7.5k - 4.5k) = 2.7k
Depreciation year 4 -> 10% of (30k - 7.5k - 4.5k -2.7k) = 1.5k
Buying new is indeed a very expensive business. Unless of cars you get your new car for half price courtesy of the tax payer
0 -
RoverJames wrote: »Only saw this now, the motor tax system is due for reform, they'll be going after the low lieing fruit imo, ie modern stuff that's out there in large numbers wit relatively low motor tax.
So the tax will jump up simply because it is in YOUR opinion :PRoverJames wrote: »He'd have to get in line I thought :P
True..
But a long line can be a lot more secure than a short one.
A very wealthy man once told me to "Always keep my options open"
I never forgot his words of wisdom which have paid off for me on several occasionsRoverJames wrote: »I wouldn't really agree with that, spend less and the depreciation will be less in most cases. If you are speaking in terms of sense, it's makes more sense to spend less.
Your Toledo for example won't be losing much, if you had bought your Octavia for RRP or close to it you'd have lost quite a bit by September over the two years.
Well
1) Toledo is '01 which is much older and cheaper than was being discussed
2)
Were we discussing the loss from new cars??
I think not but as we are on the matter. Yes. My car would be ideal for someone as the 2 year drop will already been taken. 0 -
You almost started believing that yourself, didn't ya?
Depreciation is based on the value of the car and the percentage of depreciation goes down over time. So buying a brand new car will give you a double hit.
Example: car is 30k new. Depreciation is 25% in the first year, 20% in the second and then 15% in the third year and 10% in the fourth year
Depreciation year 1 -> 25% of 30k = 7,5k
Depreciation year 2 -> 20% of (30k-7.5k) = 4.5k
Depreciation year 3 -> 15% of (30k - 7.5k - 4.5k) = 2.7k
Depreciation year 4 -> 10% of (30k - 7.5k - 4.5k -2.7k) = 1.5k
Buying new is indeed a very expensive business. Unless of cars you get your new car for half price courtesy of the tax payer
Again, who was discussing NEW cars?? Unless I am imagining things we were discussing circa '07/'08 models. Not new ones.
Who gets a new car for Half price and how does it become courtesy of the tax payer??0 -
Advertisement
-
So the tax will jump up simply because it is in YOUR opinion :P
...............
Well
1) Toledo is '01 which is much older and cheaper than was being discussed
2)
Were we discussing the loss from new cars??...........
Reform of the motor tax system will happen, that's not my opinion, they won't be reforming it to make it cheaper in the current climate
Indeed we weren't discussing new cars, the same theory applies, you will not recoup extra expenditure in it's entirety come resale time in the majority of cases by spending more when buying. The more expensive product will depreciate more.
There is currently a fairly large disparity between many 07s and 08s, more so than the 07s being a year older. The cheaper tax on many 08s are attracting a price premium that many folk are happy to pay to avail of cheaper motor tax. Some think that premium will be recouped come resale time, I think not as in 2 to 5 years time the difference in value between 08s and 09s will make the premium paid now for folks buying 08s over 07s rather large indeed
Given the likelihood of larger increases in motor tax on the Co2 system in % terms compared to that in the cc system folks who took have bought 2007 reg cars may well end up quite happy with how things pan out.
A lad I know bought a relatively decent 2007 reg 520d a month or so ago, the 08s he looked at were some gulf away in monetary terms, certainly more than the one year younger characteristic would dictate
There is an element of folks' views and opinions here and no one can tell the future but in times of austerity what we have seen so far I know which way I think things are going, I have no plans to have a car of the 07/08 vintage or onwards in the next 3 to 5 years so my views are somewhat from the outside looking in rather than in hope or expectation 0 -
-
Again, who was discussing NEW cars?? Unless I am imagining things we were discussing circa '07/'08 models. Not new ones.
It doesn't matter how old a car is, depreciation is always higher on a newer car. Both in relative terms (depreciation percentage) and absolute terms (higher value is higher base for depreciation) 0 -
-
-
-
-
-
News to me.!
When did I get a car for half price and by how much would YOU have subsidised it?
Have you some sort of memory loss or are you just being obnoxious?Vectra has a disability exemption for part of the cost of the car and I think that dictates the delivery date of the car.As R.O.R said.
I have to wait until 21st August as I qualify for the disabled drivers scheme and that is my change date.0 -
Advertisement
-
Have you some sort of memory loss or are you just being obnoxious?
No,
We can leave the obnoxious part to you.
You are correct in quoting that I have a disability and as such I do get a reduction in car purchase.
You are way off the mark when you say I bought a car for half price.
I am also waiting for your reply showing me where it cost you money or where Tax payers are contributing to it.
From where I stand Taxpayers have no money left to contribute to any purchase of a car by a disabled person as every penny is being taken to repay the Fat cat Bankers and Property developers Bill.
Show me how much you contributed towards my car and show me how much also.0
![[Deleted User]](/applications/dashboard/design/images/defaulticon.png)
Advertisement