Are diesel engines post 2008 too expensive

sesna

I know alot of friends talking about picking one up for the lower tax rate now based on emissions. My pre 08 petrol engine costs around 600 a year to tax.

Just wondering though if there is huge demand for post '08 diesels, which has pushed their market price up, and thus negates alot of the saving which would have been achieved through savings on motor tax ?

Anan1

I'd say yes. Irish buyers are preoccupied with tax, fuel economy, and big shiny wheels to the exclusion of pretty much everything else. We're an ad-man's dream.:)

sesna

Anan1 wrote: »

I'd say yes. Irish buyers are preoccupied with tax, fuel economy, and big shiny wheels to the exclusion of pretty much everything else. We're an ad-man's dream.:)

What are you talking about ?

Anan1

sesna wrote: »

What are you talking about ?

You asked whether demand for post-08 diesels had pushed prices up to the point of negating the motor tax savings. I said that I thought so, and explained why. Was I really that unclear?

FLCP

I'd say yes, I just bought a highline passat and the differential was about 3 grand between 07 an 08 for the same mileage tdi. Obviously, your talking about a newer car, but for me, it made no sense to spend 3k to save 400 euro a year.

sesna

Anan1 wrote: »

You asked whether demand for post-08 diesels had pushed prices up to the point of negating the motor tax savings. I said that I thought so, and explained why. Was I really that unclear?

Sorry I somehow missed your "I'd say yes" part.

Bigcheeze

FLCP wrote: »

I'd say yes, I just bought a highline passat and the differential was about 3 grand between 07 an 08 for the same mileage tdi. Obviously, your talking about a newer car, but for me, it made no sense to spend 3k to save 400 euro a year.

3k seems about right for an extra year of depreciation. If you keep the car 5 years you've saved at least 2k and resale value will be slightly higher.

sesna

FLCP wrote: »

I'd say yes, I just bought a highline passat and the differential was about 3 grand between 07 an 08 for the same mileage tdi. Obviously, your talking about a newer car, but for me, it made no sense to spend 3k to save 400 euro a year.

Was the differential as great between 09 and 08.

shawnee

Had this discussion with a friend who was thinking of buying an 08 Mondeo for the tax reasons. He has an 02 which drives well and is really not worth much with 1500. The 08 would cost around 15 grand at least. At a tax saving of even 500 per year, he would need to have the car 10 years to recoup 5 grand and at that stage it would be well bunched :D I agree that many people only see the road tax saving and don;t look at the bigger pic at all :D

mullingar

shawnee wrote: »

many people only see the road tax saving and don;t look at the bigger pic at all :D

Exactly!

It's all to do with cost per mile, so I drive a big old car with €1300 tax/yr and it's worth about €1000, ( 12 year old gs300, costs me about 5k yr to keep on road including all fuel/tax/insurance AND depreciation)

Bangernomics thread

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Lord Trollington

Supply and demand. There is big demand for used diesels at the moment with low road tax, but obviously most who bought in 08/09/10 hasn't traded yet or will not trade for obvious reasons, so therefore supply of used diesels is short at the moment and they are reataining their value a lot better.

I'd expect this trend for the future, new cars aren't selling in huge numbers so in a few years time there will be a shortage of used cars for the market, thus keeping prices up.

Squall19

shawnee wrote: »

I agree that many people only see the road tax saving and don;t look at the bigger pic at all :D

Its crazy isnt:D But its just not diesel's, I bought a low milage 07 260bhp 2.3l turbo petrol Mazda 3 MPS with full service history from a garage in Dublin a few months ago for just under 11k and I was shocked to see bog standard 1.6 petrol Mazda 3 been advertised for the same, the salesman told me he sold one the week before for a few hundred more:D

Yeah I know you might get 40mpg from the little petrol, besides the 30 something I get and you spare 300 or 400e on tax, but the cars arent even comparable.I have told this to a few people, who called me an idiot for buying something so heavy on fuel ( which it actually isnt, because my old 1.3 lancer drank nearly as much imo ) but they wont listen, everyone thinks i have been foolish to buy it, which does make me angry.

galwaytt

whycliff wrote: »

Supply and demand. There is big demand for used diesels at the moment with low road tax, but obviously most who bought in 08/09/10 hasn't traded yet or will not trade for obvious reasons, so therefore supply of used diesels is short at the moment and they are reataining their value a lot better.

I'd expect this trend for the future, new cars aren't selling in huge numbers so in a few years time there will be a shortage of used cars for the market, thus keeping prices up.

I suspect Mr Gormley has started something he can't stop now, as, with lower volumes of new cars sold, the supply of used cars is set to diminish, over time. And, as that pool, and the new ones sold to replace them, continue to show a ratchet downward's in incoming tax revenue, well, let's just say, that's why we have Budget's. I expect road tax to increase for 'green' cars substantially, whether by direct increases, or through fuel. One way or the other: they'll be looking to claw it back.

All my 0.02 as they say......

Anan1

Squall19 wrote: »

everyone thinks i have been foolish to buy it, which does make me angry.

It shouldn't, 'everyone' made it so cheap.;)