New car every 2 years.

David09

Personally, I'm opposed to buying new cars.
For me, I buy an 8 year old car and run it until it's no longer viable or if another 8 year old car comes up for an irresistible price in better condition than my own.
I put up huge mileage, so therefore my costs are on maintenance and little or no depreciation.
However, someone that I know drives a brand new yaris. They change the car religiously every two years. Their mileage is tiny compared to mine as they only use it to potter around the city and drive very short distances to work.
Roughly what would this person suffer in depreciation and how much would it cost to change yarises every two years? Also, what is the point of it as I can't see any except boredom with colour and reg plate snobbery??

kirving

They'd certainly be losing a few grand a year on the car, I don't know how much to be honest.

It's not just down to badge snobbery, the person who buys that car know they they'll never really have to do any maintenance on it, and it is still in warranty when they get rid of it. They wouldn't even have to change the tires.

Nonoperational

You have an 8 year old + shed of a thing that could go pop at any minute. They have a brand new car with a full warranty, very likely more fuel efficient and lower tax, and no bills on the horizon bar a cheap service every year.

If they have the money and they like having a new car then it's 100% reasonable.

-Corkie-

I wouldnt buy a brand new car again because the depreciation is too big. I know people that change their car every year...:rolleyes:

Compton

if everybody was like the OP there would be no 8 year old cars to buy!!

Ardennes1944

some people like to spend alot of their money on drink,others cigarettes and some just like having a new car before they get bored and like to know they will more than likely not have to pay for maintenance for it, its their money.

David09

gpf101 wrote: »

You have an 8 year old + shed of a thing that could go pop at any minute. They have a brand new car with a full warranty, very likely more fuel efficient and lower tax, and no bills on the horizon bar a cheap service every year.

If they have the money and they like having a new car then it's 100% reasonable.

If I had their car, with my annual mileage, their car would be virtually saleproof!!

None of the cars I've owned have ever let me down catastrophically, and all were bought sub €1000. In ten years I've had three cars, a 90 fiesta, 95 escort and a 99 focus. I'd consider them to be fuel efficient so that argument wouldn't come into it.
As for warranty, nothing has ever suddenly let me down and my car is always serviced on the dot. I will admit that they wouldn't have a clue about anything mechanical whereas I would know if a failure was imminent.

Their annual mileage on the yaris, I'd estimate to be about 8,000 miles per year at very most. I still don't think that it warrants a brand new purchase every two years.

David09

Deutschlandfürimmer7 wrote: »

some people like to spend alot of their money on drink,others cigarettes and some just like having a new car before they get bored and like to know they will more than likely not have to pay for maintenance for it, its their money.

True, but these people aren't petrolheads, quite the opposite in fact, judging by their choice of car. A car to this person would be the equivalent to a refrigerator. I personally couldn't subscribe to the theory of buying a new fridge every two years if the old one wasn't broken!!!!

I guess that the main difference is that a fridge doesn't bear reg plates!!!

BrianD3

It could be a throwback to the days when 50,000 miles was big mileage on a car/engine, the car might already be rusting after 2 years, there was no such thing as an anti corrosion warranty etc.

It is a long time since any of this was applicable to a any new car but outdated ideas about cars get passed down through the generations. Some people still think that Fiat has a rust problem, others think a car will blow up unless it gets an oil change every 3k etc.

-Corkie-

David09 wrote: »

True, but these people aren't petrolheads, quite the opposite in fact, judging by their choice of car. A car to this person would be the equivalent to a refrigerator. I personally couldn't subscribe to the theory of buying a new fridge every two years if the old one wasn't broken!!!!

I guess that the main difference is that a fridge doesn't bear reg plates!!!

True most of the are Corolla/Auris type boring cars. Mostly elderly people aswell that buy them.

Ardennes1944

so what if they are boring or not though? money still must be spent on them, or am i missing your point?

shawnee

David09 wrote: »

Personally, I'm opposed to buying new cars.
For me, I buy an 8 year old car and run it until it's no longer viable or if another 8 year old car comes up for an irresistible price in better condition than my own.
I put up huge mileage, so therefore my costs are on maintenance and little or no depreciation.
However, someone that I know drives a brand new yaris. They change the car religiously every two years. Their mileage is tiny compared to mine as they only use it to potter around the city and drive very short distances to work.
Roughly what would this person suffer in depreciation and how much would it cost to change yarises every two years? Also, what is the point of it as I can't see any except boredom with colour and reg plate snobbery??

Reality is they're happy and you're happy. Don't have a problem with anyone buying a new car (so long as they don't ask me for a loan) it's good for the economy and they're paying plenty tax:D:p:cool:

Voodoomelon

A change every 2-4 years is fine by me. Every year is a bit ridiculous, seeing as most cars don't even get a facelift for at least 3 years into the model and little, to nothing changes spec wise, especially on cheap paddywagons.

I don't understand changing after 12 months, for the exact same car. The money lost in the changeover doesn't justify not having to buy new tyres or getting brake pads, or getting a "new" car, it still is a new car!

You can buy a 2 year old car with the manufacturers warranty with that like new smell no problem, most of the yearly changers are after the new plate IMO, thats all. Let them at it, each to their own.

rasper

shawnee wrote: »

Reality is they're happy and you're happy. Don't have a problem with anyone buying a new car (so long as they don't ask me for a loan) it's good for the economy and they're paying plenty tax:D:p:cool:

Is it that good for the economy, buyers arranges loan through finance via a German bank, borrowed money comes in to economy and then leaves to German car makers , government takes massive chunk which it uses to pay back bank debt to same German bank, and buyer continues to pay back money with interest to a foreign bank.
Good for German economy alright

Joey the lips

Disabled drivers are granted VAT/VRT reductions. This is because generally speaking so it would be worth them changing there car every 2 years. If they are clever they can negiotiate the 1st service foc which would be nothing to the garage, there for only having fuel costs.

Now before the moralaties come in this scheme is generally because they are people of limited means so the scheme helps them stay motering.

Although i am temped to say that if people only changed there cars every 10 years then in theory then there would be only 10 year old cars and new cars on the road. This would have massive implications for spare parts stores and off course country living,.

slimjimmc

Joey the lips wrote: »

Disabled drivers are granted VAT/VRT reductions. This is because generally speaking so it would be worth them changing there car every 2 years. If they are clever they can negiotiate the 1st service foc which would be nothing to the garage, there for only having fuel costs.

Now before the moralaties come in this scheme is generally because they are people of limited means so the scheme helps them stay motering.

Although i am temped to say that if people only changed there cars every 10 years then in theory then there would be only 10 year old cars and new cars on the road. This would have massive implications for spare parts stores and off course country living,.

But won't most disabled drivers have to pay a not unsubstantial sum to have their new car modified to suit their disability?

Nonoperational

David09 wrote: »

If I had their car, with my annual mileage, their car would be virtually saleproof!!

None of the cars I've owned have ever let me down catastrophically, and all were bought sub €1000. In ten years I've had three cars, a 90 fiesta, 95 escort and a 99 focus. I'd consider them to be fuel efficient so that argument wouldn't come into it.
As for warranty, nothing has ever suddenly let me down and my car is always serviced on the dot. I will admit that they wouldn't have a clue about anything mechanical whereas I would know if a failure was imminent.

Their annual mileage on the yaris, I'd estimate to be about 8,000 miles per year at very most. I still don't think that it warrants a brand new purchase every two years.

That's all well and good but still it's possible that they wouldn't want to drive a '99 focus in a month of Sundays and if that's their choice and they have the money for it then I can't see anything wrong with it. You say you 'd know where a failure is imminent and they wouldn't have a clue... well that's pretty much it. They wouldn't. And they wouldn't want to have a clue. If anything is up they just take it back to their Toyota dealer and it's their problem.

It's all relative. It's not the most sensible way to spend money, but still and all it probably only costs a few grand every 2 years for them to change.

Joey the lips

slimjimmc wrote: »

But won't most disabled drivers have to pay a not unsubstantial sum to have their new car modified to suit their disability?

No. You pay 10% first off then you can transfere the seat. There is a bit more to it in transfering but all in on a 25k car with a 2 year old it works out about 3-4k for a disabled driver.

shawnee

rasper wrote: »

Is it that good for the economy, buyers arranges loan through finance via a German bank, borrowed money comes in to economy and then leaves to German car makers , government takes massive chunk which it uses to pay back bank debt to same German bank, and buyer continues to pay back money with interest to a foreign bank.
Good for German economy alright

Changing every two years, doubted they are even looking for finance, and even if they are, they are still paying a huge chunk of tax, keeping jobs in the Irish motor industry and paying to keep some guy on the rock and roll or a government ministers meal allowance someone has to pay it or the whole economy will seize up:cool:

A friend went from an 08 Corolla saloon to a 2010 Corolla saloon in 2010, €7000 to trade up. He does about 15,000 miles/annum, they were both 1.4 petrols.

The €3500/annum in depreciation he experienced would pay my 2.5 road tax, my depreciation, servicing and half of my fuel for the year. My car is more likely to go pop than his but I only splashed out €2250 for mine as opposed to €20,000 for the at the time new Corolla.

In saying that my buddy must be 65, has sfa interest in cars really and certainly no interest in actual working on his. In the 10 months I've had mine it's needed a battery, a backbox and little motor for the variable speed induction. I've also done a service and the back 3 plugs were a bit of a pain to do.

If I was 60 odd I might well go for a new car too really for the expected no or very little attention it would need.

But then my ole lad is 60 odd and has a 1999 Hyundai Accent that costs him very little as I do basic servicing on it, he only need to pay for a timing belt every 5/6 years and anything else that I won't tackle, which has been nothing as the thing is very very troublefree.

David09

shawnee wrote: »

Changing every two years, doubted they are even looking for finance, and even if they are, they are still paying a huge chunk of tax, keeping jobs in the Irish motor industry and paying to keep some guy on the rock and roll or a government ministers meal allowance someone has to pay it or the whole economy will seize up:cool:

And adding to the massive waste mountain in the process. I'd say more than 50% of cars scrapped every year are perfectly capable of providing reliable transport. The waste created and the energy cost to produce a new car are huge. Not as much of an environmentally friendly decision than they would like to make out.

Ninap

I think the OP was more interested in discussing the economics of running a new car versus an older one. I'm currently running a 12 year old BMW 520i touring. Obviously zero depreciation, but servicing and running repairs probably average more than a grand a year (and that's with a very reliable engine). A new Yaris' depreciation is likely to be about 1500-2000 a year. Servicing maybe 200 a year max. So the difference isn't that great.

David09

Ninap wrote: »

I think the OP was more interested in discussing the economics of running a new car versus an older one. I'm currently running a 12 year old BMW 520i touring. Obviously zero depreciation, but servicing and running repairs probably average more than a grand a year (and that's with a very reliable engine). A new Yaris' depreciation is likely to be about 1500-2000 a year. Servicing maybe 200 a year max. So the difference isn't that great.

A BMW of any age is a world apart from a yaris, new or old. Chalk and cheese spring to mind!!

But what would the running costs be with an 8 year old yaris in comparison to the trade in cost every two years??

Ninap

David09 wrote: »

A BMW of any age is a world apart from a yaris, new or old. Chalk and cheese spring to mind!!

But what would the running costs be with an 8 year old yaris in comparison to the trade in cost every two years??

Agree, of course, and love my car, but it's interesting to reflect on the costs. I also was lucky enough to have two brand new Beemers at different times and the savings on servicing/repairs (and the better fuel economy) somewhat offset the depreciation. Old cars always cost money to keep going.

mickdw

Many people are happy to set aside a set monthly figure for car repayments. This figure will allow them to change every 2 or 3 years. They would reason that if they keep the car longer, there will be servicing costs, repair costs, additional depreciation therefore making perhaps 3 year ownership a happy medium.

ardmacha

The trick is to buy the 2 year old one. You get a current model (pretty much) for 60% of the price.

Capt'n Midnight

ardmacha wrote: »

The trick is to buy the 2 year old one. You get a current model (pretty much) for 60% of the price.

and perhaps sell it on after three years and repeat