New car in August?

forumdedum

Does it make much difference buying a new car (12) in August as opposed to waiting for January 13? Cheers.

Guy:Incognito

Other than the reg? No.

mickdw

Guy:Incognito wrote: »

Other than the reg? No.

Well if you were to change cars again in lets say 3 years (middle of 2015), that reg being 12 as opposed to 13 will cost you about €5000 if its a large family car.
Id wait or better still buy a 12 reg slightly used car.

forumdedum

Thank you sir. For the first time I'm considering the option of buying brand new and replacing before the warranty expires.

Is this practical financially?

forumdedum

forumdedum wrote: »

Thank you sir. For the first time I'm considering the option of buying brand new and replacing before the warranty expires.

Is this practical financially?

Unfortunately not due to depreciation.

forumdedum

forumdedum wrote: »

..........

Is this practical financially?

Compared to what ?

You could get a 6 month old 2012 reg now with a lash of warranty.

colm_mcm

Or a 5 year old Kia with the same amount of years left as a new vw

mickdw

forumdedum wrote: »

Thank you sir. For the first time I'm considering the option of buying brand new and replacing before the warranty expires.

Is this practical financially?

There is never a financial argument to be made for a new car really however, if you want to drive a good car and are quite happy with a yearly depreciation of say 4 to 5,000 for something like a vw passat etc, then there is an argument to be made for changing often and keeping the car within warranty. Given the long warranty available with Kia and hyundia, the figures are skewed substantially in their direction if keeping a car within warranty was your only concern. Either way, I wouldnt now consider anything less than 3 years. Having bought a new Audi in 08 with 2 year warranty, I am well qualified to comment on this. It really is no fun trying to get goodwill from people who treat you like crap.
Realistically, a slightly used car from a manufacturer offering say 4 years warranty should be good value and the average annual depreciation over your ownership would be very manageable on say a 6 month old 12 reg changed in 3.5 years time.

vectra

forumdedum wrote: »

Does it make much difference buying a new car (12) in August as opposed to waiting for January 13? Cheers.

I bought and registered a new car in October 2010. Agreed a sale on it a couple of weeks ago, Car will be replaced by another new one October this year.
I got the same price for it as I would have had If I sold it next January and had Registered it Jan 2011.

bazz26

Personally I'd never buy a new car that late in the year. Buy a new car in Feb/March and for resale/depreciation purposes it is 1 year old come next Jan 1st. Buy the same car in August, come next Jan 1st and it is still 1 year old. While you still probably lost the same amount of money at least you would have got more use out of the car by buying it earlier in the year.

vectra

bazz26 wrote: »

While you still probably lost the same amount of money at least you would have got more use out of the car by buying it earlier in the year.

2 year will always be 24 months. no matter what way you look at it :P