is it really worth buying a new car?

Hihello

Hi goys,

I'm looking for a new cor. Im a girl I currently have an 00 clio so want a bit of an upgrade. Im looking at a white seat ibiza. Ideally id like a brand new car but so many people are telling me its not worth it. Should I go for maybe an 07/08/09 or take the jump and get a brand new 12 car

Or anyone recommend any good smallish car for a girl. I dont drive far only around my local area. i only want a 1.2

mondeo

I think people are mad buying brand new cars, I'd look at a 2 year old example.

woodoo

I would go for a 1 or 2 yr old aswell. But someday i'd love to be the first to own a car. Take it split new from the garage home.

antodeco

I've had two brand new cars. Its great, but depreciation is a killer. I wouldn't do it again

CiniO

In general if nobody bought brand new cars, there wouldn't be any secondhand.

OP - if you can afford to buy a new car which is quite costly, and you are aware that you will get only a small part of this money back in few years when you'll be selling it, as new cars depriciate very quickly - go for it.

Ardennes1944

Get a facelift model Ibiza around 07, nice looking cars. I begged my gf to get the grey one on done deal in limerick but she wants a golf :rolleyes:
I suggest you take a look op, it looks really nice, interior is a bit dull though.

Edit: http://cars.donedeal.ie/for-sale/cars/2516229

woodoo

Also, if you intend holding on to this car for 5 or more years then brand new might be a reasonable choice.

The people out there that buy new every 2 years is a complete mystery to me. I have a neighbour who does that. I just can't understand it.

migemo

I had people advise me against buying a new car some years ago. I went ahead anyway and bought new. Big mistake. 5 yrs is a long time paying off something that depreciates value like crazy. 3 yr old Astra or fiesta would be my next car.

Nonoperational

woodoo wrote: »

The people out there that buy new every 2 years is a complete mystery to me. I have a neighbour who does that. I just can't understand it.

They have a nice new car every 2 years, they spend about €100 quid a year servicing it, they probably don't even need new tyres, any problems are taken care of under warranty, for the most part they have very economical engines, they have the money to do so and like having a new car....

I wouldn't go into the mystery solving business if I was you...

Hihello

Hihello wrote: »

............
Or anyone recommend any good smallish car for a girl. I dont drive far only around my local area. i only want a 1.2

.

Fiat 500

http://www.carzone.ie/search/Fiat/500/1.2-LOUN/131413415719489/advert?channel=CARS

Very nice cars

FutureGuy

In 2009, looked at new ford focus style. 22k at the time.

In 2011, bought the exact same 2009 model for 11.7k from a Ford Dealer, but with bluetooth and a few other non-standard upgrades for that model. 1 owner, 29000 km on clock and was in immaculate condition.

I think you would be absolutely mad to buy new OP. There are bargains to be had if you keep your eyes peeled.

TestTransmission

gpf101 wrote: »

I wouldn't go into the mystery solving business if I was you...

Discuss the post, not the poster please

Guy:Incognito

If I could afford it I'd only ever buy new (unless there was a specific old car I wanted) . I much prefer a nice new car and being the only person thats driven my car.

Depreciation be dammed.

I often wonder why peopel arent trawling through donedeal all day buying their next tv or fridge for half of the original cost.

rolion

Guy:Incognito wrote: »

If I could afford it I'd only ever buy new (unless there was a specific old car I wanted) . I much prefer a nice new car and being the only person thats driven my car.

Depreciation be dammed.

I often wonder why peopel arent trawling through donedeal all day buying their next tv or fridge for half of the original cost.

A new car=>20k while a new TV =>1k...big difference !
Also,went to change my car and the sales man told me that he cannot get 1 cent in car finance since months ago...so,no more easy money !!!

They do trawls...and there are good second hand TVs...re fridges,as well !
Check the free stuff on Adverts,you'll be suprised the response you get in a matter of seconds after posting !!

Guy:Incognito

rolion wrote: »

A new car=>20k while a new TV =>1k...big difference !

Its all relative.

rolion wrote: »

Also,went to change my car and the sales man told me that he cannot get 1 cent in car finance since months ago...so,no more easy money !!!

An 18k new car or an 18k 2nd hand car wont make a difference to that.

V Eight

There is nothing like the feeling of buying a new car! the new car smell the warranty and the feel good factor....... but only of course if you can afford it or the bank passes you for finance.....also buying new guarantees no previous owner has been relentlessly picking their nose in it.........

rolion

Guy:Incognito wrote: »

An 18k new car or an 18k 2nd hand car wont make a difference to that.

Correct...but,in the post Anglo Irish Fcuk,if i have €9k cash and i will ask for €9k credit to get a new 18k car AND i can't get finance...what options do i have !??
I am not in public service ,i'm a self employed !


Even if i will have the 18k money (hard earned and not Lotto) i will not risk them on a new car !
The best age to buy a car is at 3 years after first registration !
Best market value and best condition !

Good luck

krissovo

Buying new is fine as long as you happy with depreciation and that at least the majority of the car is owned by you and not some finance company. Buy the car you want and not the car the salesman wants to shift for his bonus. A suitable alternative to minimize your expose to depreciation is a 6 month old car or a demonstrator.

I really enjoy the new car process although saying that I will probably never go through that process again as I now value other things rather than a shiny new car outside.

Anan1

Hihello wrote: »

Hi goys,

I'm looking for a new cor. Im a girl I currently have an 00 clio so want a bit of an upgrade. Im looking at a white seat ibiza. Ideally id like a brand new car but so many people are telling me its not worth it. Should I go for maybe an 07/08/09 or take the jump and get a brand new 12 car

Depends entirely on your financial situation, TBH - it's not really something we can advise you on.

naughtysmurf

Hihello wrote: »

Hi goys,

I'm looking for a new cor. Im a girl I currently have an 00 clio so want a bit of an upgrade. Im looking at a white seat ibiza. Ideally id like a brand new car but so many people are telling me its not worth it. Should I go for maybe an 07/08/09 or take the jump and get a brand new 12 car

Or anyone recommend any good smallish car for a girl. I dont drive far only around my local area. i only want a 1.2

I looked at the Seat Ibiza ST earlier in the year, it's a little bigger with a few extras, ticked a lot of box's for me but not enough, downsides for me were legroom in the back and I just thought it was a bit noisey (3 cylinder engine) other than that thought it looked well, good spec, decent boot, nice range of colours, good apr with seat finance at 4.9%. Any reviews I saw on it were positive. Should you buy new, totally up to you, if you can afford it, accept it will depreciate and it's what you want, why not. It's your money after all

fptosca

Reading the posts, I would also recommend you to buy a second-hand car. Fiat 500, Honda Jazz or Toyota Yaris would do the job perfectly.
If you buy a car thinking how it would depreciate in the future, then you are not a New Car person. People should buy cars because they want that car without worrying how much it would be worth when it's time to change. If I can afford it, I will always buy new cars.

ardmacha

New cars depreciate hugely. If you have the cash in the bank thats one things, but it makes no sense to borrow to buy something that rapidly depreciates. Buy a decent used one and save up for a better one next time.

Hihello

I think I may just go with second hand 08/09 or even 10 as I dont think I could face paying a loan off for the next 4/5 years for a new car. And where I work the carpark is very tight and everyone has had a scrap or bump on there car at some point. Also dont think I want the worry of a new car being robbed.

If only the scrappage was still going I might get a new one but thats a whole different story thanks for all the input

SouperComputer

If you are OK with effectively throwing a €50+ a week out your window in depreciation in exchange for new car smell, feelgood factor and warranty then a brand new car is for you. You can often get a warranty with cars that have suffered the bulk of their depreciation.

Borrowing to buy a new car is one of the greatest scams going IMO. But each to their own, its their choice to spend their money how they like. If you feel that its good value and you are happy with what you get in return, then that's fair enough.

WastedSpace

I dont see the value in buying cars brand new. The value drops as soon as you drive it out their garage and you can never get it back. Look at the prices of used cars compared to the same model(s) brand new and theres a big discrepancy.

biko

I only buy cars cash so will never have a brand new car.
Other the other hand a car you paid a grand for can last you years if you look after it.

mickdw

I bought new in 08 and the depreciation has been a killer without doubt. Still that was a relatively epensive car.
On run of the mill car such as focus, golf and smaller, I think it makes alot of sense to buy new. Sure its going to cost more but you get a nice new car too. The other advantage of course is the warranty. A perfectly good used modern car could quite likely cost 2k in repairs with little warning making the used purchase not quite as good value.
If you can afford new, buy it.

mickdw

LIGHTNING wrote: »

A new car will depreciate by more than 2k in the first year alone so that would cover most repair costs of a second hand car (barring a new engine).

Yes but my point was that this would make the secondhand buy that bit less attractive not forgetting that an 08 / 09 car will still depreciate significantly also.
Some people value that peace of mind that a new car brings knowing that they will not have to spend any unscheduled cash on it.

Personally, I bought new in 08 and I wont be spending that amount on a new car for the foreseeable but if something like a golf, focus interested me, I would consider buying them new as the costs are not outrageous.

mickdw

mickdw wrote: »

............. but if something like a golf, focus interested me, I would consider buying them new as the costs are not outrageous.

Surely €5000/annum depreciation would be encountered? That's a fair whack of cash.

BrianD3

Buying a new car can make sense if the car is cheap (Panda, Aygo, Clio etc.) and you keep it for many years and look after it.

It can also make sense if you do high mileage and the new car is significantly more economical than your existing car or the used cars that are available. The new car may well have a long warranty and longer service intervals too

In general though, when people buy new cars they end up costing themselves a lot by buying expensive cars, keeping them for a short period or taking out a loan to buy a new car when they could have bought a decent used one with cash. There's also the scenario of people doing low mileage buying new diesels for the low tax and fuel economy and costing themelves more in depreciation that they've saved because they don't do enough driving.

It's their money though, maybe they are fully aware of the costs. There's often an inverted snobbery in this forum where posters look down on those who buy new cars. Well maybe those new car buyers would look down at what boards posters spend their money on,. For example I have bought new cars and would do so again but I regard spending money on drink as silly and I just don't enjoy it. Part of the reason that I can afford a new car is that I hardly spend anything on drink. I prefer to buy a new car for myself rather than contribute to the cost of a publican's new car.

Leaving aside the financial considerations, new cars can be much much safer than their older equivalents that is important to many people including me. Also "bangernomics" isn't for a lot of people. They either can't or won't work on a car themslves. And if they need to change their car every ~12 months because it has developed a problem that is uneconomic to fix they'd regard that as hassle and a pain in the hole.

kermitpwee

RoverJames wrote: »

Surely €5000/annum depreciation would be encountered? That's a fair whack of cash.

I guess its all relative, to me 5000 is a no no with a car, the most expensive car I have ever bought was 1950:D

kermitpwee

BrianD3 wrote: »

Buying a new car can make sense if the car is cheap (Panda, Aygo, Clio etc.) and you keep it for many years and look after it.

It can also make sense if you do high mileage and the new car is significantly more economical than your existing car or the used cars that are available. The new car may well have a long warranty and longer service intervals too

In general though, when people buy new cars they end up costing themselves a lot by buying expensive cars, keeping them for a short period or taking out a loan to buy a new car when they could have bought a decent used one with cash. There's also the scenario of people doing low mileage buying new diesels for the low tax and fuel economy and costing themelves more in depreciation that they've saved because they don't do enough driving.

It's their money though, maybe they are fully aware of the costs. There's often an inverted snobbery in this forum where posters look down on those who buy new cars. Well maybe those new car buyers would look down at what boards posters spend their money on,. For example I have bought new cars and would do so again but I regard spending money on drink as silly and I just don't enjoy it. Part of the reason that I can afford a new car is that I hardly spend anything on drink. I prefer to buy a new car for myself rather than contribute to the cost of a publican's new car.

Leaving aside the financial considerations, new cars can be much much safer than their older equivalents that is important to many people including me. Also "bangernomics" isn't for a lot of people. They either can't or won't work on a car themslves. And if they need to change their car every ~12 months because it has developed a problem that is uneconomic to fix they'd regard that as hassle and a pain in the hole.

True
I think if you need to ask should you buy a new car then you already know the answer

sh1tstirrer

I bought my last car new 25 k it was the biggest waste of money ever.

mickdw

RoverJames wrote: »

Surely €5000/annum depreciation would be encountered? That's a fair whack of cash.

Well for example, my parents change passat every 3 years, costs about 13k to change to new comfortline diesel each time, thats over 4k depreciation/year on a new passat. Its alot of money but not scandalous either. They are never going to go the bangernomics route and considering any reasonably valuable / newish car is going to cost a 2 to 3k a year in depreciation anyway, its not a massive premium for the new car. Add in warranty, low tax, fuel efficiency, it does make a certain amount of sense.
There certainly is an argument for nearly new though.

R.O.R

RoverJames wrote: »

Surely €5000/annum depreciation would be encountered? That's a fair whack of cash.

€5,000 per annum on a Focus/Golf? Maybe first year only, but not over it's life span.

At that rate, you'd have to pay someone to take it off your hands after 5 years, and we all know a 5 year old Golf is worth more than a couple of k.

Personally, I wouldn't buy a new car. I'd buy a well minded, one owner, FSH, used car, that I knew the complete history of, but I don't begrudge those who do.

With some vehicles, finding the exact car you are looking at, used, is a nightmare. I suppose the case for run of the mill stuff is a bit harder to make.

And as for finance, surely it's much better to use someone else's money to finance a rapidly depreciating asset? I don't like tying up huge sums of capital in something, when I can be putting it to much better use elsewhere - much like the majority of the worlds largest companies do...........

Elessar

I'm in the same predicament!

I'm buying a new Golf and had settled on the "Edition-R" which is a comfortline with extra specs. I was planning to add a few hundred worth of extras to it as I'm used to them in my current car (auto-dimming mirror/light pack and MFSW). But I'm hesitant to keep costs down and since depreciation is huge especially in the first year I am now thinking of getting a used standard 2011 Edition-R next year and saving 2k or thereabouts. A year less warranty and it won't have all the features I want but less money.

I don't know what to do!

R.O.R

R.O.R wrote: »

€5,000 per annum on a Focus/Golf? Maybe first year only, but not over it's life span...................

Indeed, I wasn't on about over the lifespan of a car, I was on about folks that would trade up every 2 years (ish) as the chat was about warranties and piece of mind etc that the new car offers.

garclo

Elessar wrote: »

I'm in the same predicament!

I'm buying a new Golf and had settled on the "Edition-R" which is a comfortline with extra specs. I was planning to add a few hundred worth of extras to it as I'm used to them in my current car (auto-dimming mirror/light pack and MFSW). But I'm hesitant to keep costs down and since depreciation is huge especially in the first year I am now thinking of getting a used standard 2011 Edition-R next year and saving 2k or thereabouts. A year less warranty and it won't have all the features I want but less money.

I don't know what to do!

i'd steer clear of the new car if i were you, i bought a new almera in 07 for 20k, then sold it 14 months later for 12k, and i was lucky to get that in the end. i'll never buy new again.......unless my numbers come up this weekend, then a brand spanking jag xf is on the cards!:D

paulman

You can get some great deals on New cars at the moment, a demo model corsa can be bought with €3,000 off the original price, a new Chevrolet Spark can be bought for only €13,000. You will get a car that won't let you down, it will have warranty, it will be cheaper to tax and run. There is alot of good value in second hand also but there is alot of those that have high mileage!! If you know what you can afford and you can get something new for that then thats the way to go, but now more than ever stay within budget and make sure your budget is a realistic one.

Bigus

Have a look at the new Kia Rio http://www.autocar.co.uk/CarReviews/RoadTestsHistory/Kia-Rio-1.4-2/259189/

Supraman

Is it worth buying a new car ? Depends entirely where you get your sense of worth from. Is worth an economic value or something else . Personally I would never buy a new car .Having worked in the industry for a bit and seeing what new cars cost the dealer I see how they depreciate so fast.

If I had the money to buy in 15-20k price bracket I'd buy a 2-3 years old with a reputable brand . People out buying renaults that have 5/6/7k off them are only fooling themselves as immediately the cars are worth 5/6/7k less than new and then some .Total false economy.

There's a massive gulf between buying with the heart and buying with the head . By researching what car you want exactly you should be able to make a decent informed decision .

Woofstuff

feck it, let them all buy new cars if they have the money,

somebody has to buy them.

x in the city

Hihello wrote: »

Hi goys,

I'm looking for a new cor. Im a girl I currently have an 00 clio so want a bit of an upgrade. Im looking at a white seat ibiza. Ideally id like a brand new car but so many people are telling me its not worth it. Should I go for maybe an 07/08/09 or take the jump and get a brand new 12 car

Or anyone recommend any good smallish car for a girl. I dont drive far only around my local area. i only want a 1.2

buying a car is the number one waste of money in the entire world, for anyone. (bar maybe the certain woman in the papers who is paying off an apartment in dublin forever...)

a new one compounds the waste factor even worse.

the smart money is buying a used car..

Capt'n Midnight

what is your milage ?
you could use this to work out if you would save much with a more economical car

check out the insurance costs too, and make sure you go fully comp and probably get no-claims covered too


also are you the sort of person who worries about scratches on the paintwork ?
if so then a new car may not be for you


a new car is NOT an investment


if you are loosing 4K in depreciation and your commute is a half an hour each way then that's 250 hours at €16 an hour ( plug your figures in here)


the biggest question is can you walk away from it ?
if for some reason the car gets totaled (tide comes in etc.) expecially for something the insurance company would be slow to pay for could you survive financially ?

I've heard of horror stories of people rolling a brand new car in the first month and still paying off the finance years later because they couldn't afford comprehensive insurance

vectra

Nothing beats the feel and smell of a new car.
If it is what you want then go for it.

vectra

vectra wrote: »

Nothing beats the feel and smell of a new car.
..............

Dunno about that.......

this http://www.carzone.ie/new-cars/ford/Mondeo/2.0TDCI-163PS-TITANIUM-POWERSHIFT/795070420110218



or a feshly valeted and customer prepared...

http://www.carzone.ie/search/BMW/3-Series/320-D-E9/201136204307366/advert?channel=CARS