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08 car, buy now or wait till new year?

  • 16-11-2010 8:29am
    #1
    lukester
    Registered Users, Registered Users 2 Posts: 1,901 ✭✭✭


    I'm looking to buy a 2008 car, but as it gets closer to 2011, I'm wondering if it's foolish to buy now. My reasoning is that in the new year, an 08 car will be a 'year' older. Purely psychological I know, but this may have a bearing on price. Also there are likely to be more trade-ins around at that time of year, so better deals to be had.

    On the flip side, I'd be looking to trade in my car, so I'd expect to get a little less for it too, but it will depreciate less between now and then than a newer car.

    Would you buy now, or wait? I ask because I've seen a few cars at the right price/right condition, and would consider going for them now.

    Also a tangential question, would you pay circa 1500-2k extra for an executive pack i.e. leather trim, a few extra toys, or save the money for a lower trim but still plenty of kit? Not talking poverty spec for the more basic car, just lack of leather and foglights.

    Thanks


Comments

  • #2
    adsw
    Registered Users, Registered Users 2 Posts: 35 ✭adsw


    Sorry to hijack this thread, but kind of looking for the same info.

    Also looking to buy a 08 - possibly VW passat estate, but wondering how much the price will drop in general between now and January.

    Or, should I be able to negotiate the 2011 price now ??

    All help greatly appreciated.


  • #3
    Swampy
    Registered Users, Registered Users 2 Posts: 2,104 ✭✭✭Swampy


    I'd say your pretty mistaken if you think the prices will drop a lot when the year changes.


  • #4
    colm_mcm
    Registered Users, Registered Users 2 Posts: 73,520 ✭✭✭✭colm_mcm


    Prices garages pay for an 08 trade in next year will be lower than what they have them costing them now
    Anyone pricing your trade in now will be pricing it at 2011 prices.


  • #5
    Damie
    Registered Users, Registered Users 2 Posts: 341 ✭✭Damie


    Swampy wrote: »
    I'd say your pretty mistaken if you think the prices will drop a lot when the year changes.

    I'd have the opposite view I'm afraid...(Budget tax increases/older car/fuel increases/less disposable income)


  • #6
    adsw
    Registered Users, Registered Users 2 Posts: 35 ✭adsw


    colm_mcm wrote: »
    Prices garages pay for an 08 trade in next year will be lower than what they have them costing them now
    Anyone pricing your trade in now will be pricing it at 2011 prices.

    Not looking to trade in - just looking to buy. Would I save much in general in waiting 2 months ?


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  • #7
    average_runner
    Registered Users, Registered Users 2 Posts: 12,864 ✭✭✭✭average_runner


    I am in the same boat.

    Looking at buying a second hand 2010 insigmina.

    Will it drop much in price next Feb compare to now?

    Thanks


  • #8
    bmw535d
    Registered Users, Registered Users 2 Posts: 1,160 ✭✭✭bmw535d


    you should sell your car now and buy in feb.


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