Buying a new car, but a new version is iminent

ogriofa

Hi there,
Im looking at buying a new Micra through the scrappage scheme. Doing a bit of research I learned that there is a new version coming out next year.
Does this lessen the value of my 2010 Micra? For resale? Buying a car that will be the "old version" within a few months sounds silly to me.

Thanks for any thoughts

Viper_JB

It will alright, you should be able to get better and better deals on the older one coming up to the release date of the newer one....but driving a brand new car out the doors of the garage will cost you far more in depreciation, buying new cars is a bit of a false economy unless you intend to keep it untill it can drive no longer.

bazz26

Nearly every other small car is much better than the outgoing model Micra. The current Micra has been onsale since 2003 meaning it is outdated by today's standards and it wasn't even great when it was new 7 years ago. Fiesta, Polo, Corsa, etc are all streets ahead of the old Micra these days.

So yes given how the outgoing Micra didn't sell in large numbers in the last couple of years and the fact they are favorites with the rental companies then I would think that future resale values of that model will be very poor indeed.

S Line

check out this thread i started

Brand new old-model cars V the new version

I got a mixed reaction to the question. I think it boils down to 2 things:

1 If you are car enthusiast as opposed to being a motorist just for practical reasons, I suppose its all about havin the latest/newst modest as generally a new model means progression.

2 if your are just a motorist and need a car. The new model will affect the residual value of the old old, however I would drive a hard bargin on the forecourt for the in-stock old model that will off-set and extra dive the value takes on release of the new version.

I supose intially you will see a lot of the new version on the road and feel like you are driving yesterdays news, give it a year or so and the new kid on the block wont be so fresh and you will have saved a few bob

Re: the micra, that new model is going to be bulit in India as opposed to the UK, the last indian car I was in was a Rover Cityrover - bag o s"£%e !!!

another person suggested this also, fiesta polo and yaris are worth a look

EPM

bazz26 wrote: »

Nearly every other small car is much better than the outgoing model Micra. The current Micra has been onsale since 2003 meaning it is outdated by today's standards and it wasn't even great when it was new 7 years ago. Fiesta, Polo, Corsa, etc are all streets ahead of the old Micra these days.

So yes given how the outgoing Micra didn't sell in large numbers in the last couple of years and the fact they are favorites with the rental companies then I would think that future resale values of that model will be very poor indeed.

+1

The Micra is probably one of the weakest cars in that class by a mile. Unless it's an unbelievable deal and you're keeping it for a long time I'd look at a decent spec clio tbh

ogriofa

Thanks for the replys lads, I went back to the drawing board and Ive found a much better car. Ive decided to put the extra cash in and get a Corsa. (Providing the test drive goes well tomorow)
Im going to test the Yaris aswell, but I hate the seats and the interior and plasticy feel. I openind the door of a Corsa today, very nice indeed!

Problem is... Theres meant to be a new Corsa coming out in 2011 aswell!!!
I'll be hanging onto it for a while and resale is pretty damn good. (+Ive an old car for scrappage so I get a decent price) I'll still ask for a sweetner because of the lifespan of the version.

Thanks again

Atlantic Dawn

The Fiesta, Polo and Ibiza are fairly new, around a year each on the market, should be around for another 4 or 5 years with little or no changes.

bazz26

Yes, Corsa has been unsale since the end of 2006 and got a mild facelift at the begining of this year so a new model is due in the next 12 months. Fiesta is due a mild facelift in the next 6 to 8 months, new lower emissions 1.0 litre Ecobust engine is being added along with DRLs and some small cosmetic changes to switchgear. All new Yaris due sometime next year too.

Polo is really the freshest of the bunch but don't think it is that cheap under the scrappage scheme, the new Suzuki Swift hits the road soon enough but you need to be an expert to notice the changes.