Car Help, New or Decent Used

Firstmortgage

I'm looking for some advice on changing my car, as to go brand new or used.

At the moment I have a 2001 Volkswagen Estate 1.9Tdi with 200,000 miles on the clock. It requires a timing belt, tyres and a few bits that will come to around 1K. I'm doing an annual mileage of 25,000 miles so I presume I should stick to diesel.

I'm slightly hung up on the resale value of the car, as I keep my car in top nick and I should expect that it would get a good return, although my mileage will effect that of course.

So I've two options really.

New Car On Finance, First Example.

2015 Skoda Superb 1.6 AMB - 10 week order.

€29,665 - less €3,500 (deposit) = €26,165 with 36 monthly payments of € 460 and a balloon payment of €11,000. I hope to have the balloon payment saved or else look at another new car then.

Or how about a nearly new car.

2012 Audi A4 2.0 Diesel

€18,950 - less €1,000 (straight sale price) = €17,950 - less €3,500 = €14,450 with 36 payments of €427 at 6.9% (credit union) and no balloon payments.

I'm presuming a 3 year old Skoda in 2018 will be worth about €14,000 and a six year old Audi A4 around €9,000.

My main aim is to be in a decent car with trouble free driving.

bazz26

Just in case you have not taken it into account or are not aware. There is an all new Skoda Superb due in showrooms towards the end of the summer. This in turn will have an effect on resale values of current models. You would need to be getting a very favourable discount off the current model to partically offset the lower resale value down the road.

Firstmortgage

bazz26 wrote: »

Just in case you have not taken it into account or are not aware. There is an all new Skoda Superb due in showrooms towards the end of the summer. This in turn will have an effect on resale values of current models. You would need to be getting a very favourable discount off the current model to partically offset the lower resale value down the road.

Thanks Bazz, had heard that and Skoda Octavia are 0% APR too. Kia have decent packages but bland cars.

9935452

Firstmortgage wrote: »

I'm looking for some advice on changing my car, as to go brand new or used.

At the moment I have a 2001 Volkswagen Estate 1.9Tdi with 200,000 miles on the clock. It requires a timing belt, tyres and a few bits that will come to around 1K. I'm doing an annual mileage of 25,000 miles so I presume I should stick to diesel.

I'm slightly hung up on the resale value of the car, as I keep my car in top nick and I should expect that it would get a good return, although my mileage will effect that of course.

So I've two options really.

New Car On Finance, First Example.

2015 Skoda Superb 1.6 AMB - 10 week order.

€29,665 - less €3,500 (deposit) = €26,165 with 36 monthly payments of € 460 and a balloon payment of €11,000. I hope to have the balloon payment saved or else look at another new car then.

Or how about a nearly new car.

2012 Audi A4 2.0 Diesel

€18,950 - less €1,000 (straight sale price) = €17,950 - less €3,500 = €14,450 with 36 payments of €427 at 6.9% (credit union) and no balloon payments.

I'm presuming a 3 year old Skoda in 2018 will be worth about €14,000 and a six year old Audi A4 around €9,000.

My main aim is to be in a decent car with trouble free driving.

Thats good value for the A4. some main dealers are looking for near that for low mileage 09 ones.
IF i was going skoda i would go 2.0l tdi over the 1.6. fairly dead.

If i had your choice i would go A4 over skoda. 25k miles a year over 6 years will cripple the value of a car. Better to get a 3 year old car that has lost half its value

Firstmortgage

Thanks for your help folks, looks like new option wouldn't make financial sense then?