2007 cars worth buying?

Marty McFly

Hi im currently looking to buy a new car ive been shopping around a bit had nearly settled on the octavia vrs but i do love the honda accord but the 2008 is a bit out of my price range theres some really good deals on the 2007 ones just wondering do people think itd be worth buying one or will they be worthless soon? given most people will go for the 2008 due to the tax laws.

Carstuck

It depends really, if your going to keep the car until it'll be an old car say 9 or 10 years it wouldn't make too much of a difference as it would be depreciated by then. However if your going to keep it for only 2-3 years, then I would be inclined to hold back for an 08.

VolvoMan

Do people usually go out to buy a car or a reg

Carstuck

VolvoMan wrote: »

Do people usually go out to buy a car or a reg

Both, the reg comes with the car

VolvoMan

Carstuck wrote: »

Both, the reg comes with the car

Ah, but which has the bigger influence?;)

bbbbb

I presume the road tax changes in 2008 are a factor.

skyhighflyer

VolvoMan wrote: »

Do people usually go out to buy a car or a reg

Given that the difference in tax would be about €2.5k over 5 years between an 07 and an 08, not to mention residual value concerns, I'd say the OP is dead right to be thinking about this.

Marty McFly

Yeh normally the reg of a car would be of no importance to me, its 07 to 08 theres can be a significant differance on cost of tax, and ive a feeling as the value of 08 cars decreases and more and more people become aware of the saving they can make on taxes on an 08 car ive a sneaky suspicion that it could be very hard to get rid off a 07 car without without its being basically worthless.

Or maybe I could be wrong?

Also the money id save or other people would save on buying 08 compared to 07 will have to be made up paying the differance in tax.

Reginald P. DuM

I am in the same predicament now, going to get an Accord. July 08 the new tax system kicked in. Not sure of the fee but it's prob a lot less than 06/07 models where your looking at 614 notes a year. The 08's are a nice chunk of change though. Anyone know the tax on a 2.0 08 petrol Accord?

Marty McFly

yeh i was wondering the same thing i know the 2.2 diesel is 302 for the year 08 and onwards, petrol could be dearer or cheaper if anyone knows itd be a great help.

Reginald P. DuM

Thing is whatever the tax of 08 Accord, you'd be doing well to get one for 21k. Not committing to that kind of outlay. 07 for 15/16k, 06 for 10/12. Roughly guessing now. I usually keep cars for 4 years or so and resale value seldom is a priority. Quick math 08 tax x4 v 614x4, the difference is less than the gulf in purchase price. Its a pickle but ultimaltey I reckon I will have to go with 06/07 even though I do accept I will have trouble giving it away when I am done. Anyone care to advise further, am I thinking clearly!!

mickdw

IMO the 07 car would need to be cheaper by say 4 to 5k due to being a year older plus the tax difference yearly multiplied by the life left in the car, say about 15 years.

So 5k due to being older & 15(€823-302) = 12,800

So if the 07 was about 13k cheaper, Id go for it.

VolvoMan

luvbulmers01 wrote: »

Yeh normally the reg of a car would be of no importance to me, its 07 to 08 theres can be a significant differance on cost of tax, and ive a feeling as the value of 08 cars decreases and more and more people become aware of the saving they can make on taxes on an 08 car ive a sneaky suspicion that it could be very hard to get rid off a 07 car without without its being basically worthless.

Sorry if I implied otherwise, OP. It's just the majority of the Irish public are like that.

Reginald P. DuM

mickdw wrote: »

IMO the 07 car would need to be cheaper by say 4 to 5k due to being a year older plus the tax difference yearly multiplied by the life left in the car, say about 15 years.

So 5k due to being older & 15(€823-302) = 12,800

So if the 07 was about 13k cheaper, Id go for it.

On an 08 v 06 the gap could be up to that figure alright. If I found a high spec one, I'd say a bag of cash with 13k init would secure it.

bazz26

Reginald P. DuM wrote: »

I am in the same predicament now, going to get an Accord. July 08 the new tax system kicked in. Not sure of the fee but it's prob a lot less than 06/07 models where your looking at 614 notes a year. The 08's are a nice chunk of change though. Anyone know the tax on a 2.0 08 petrol Accord?

luvbulmers01 wrote: »

yeh i was wondering the same thing i know the 2.2 diesel is 302 for the year 08 and onwards, petrol could be dearer or cheaper if anyone knows itd be a great help.

For anyone interested the Co2 on the 2.0 litre petrol Accord is 189g per km. The tax on a 08 Accord 2.0 litre petrol is €630 under the new Co2 system as opposed to €614 under the old engine size system. Nothing in it really, however as the diesel Accord goes from almost €800 down to €302 under the new system a 08 petrol model should cost considerably less than a similar diesel model.