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How do people get brand new cars every year? How does it work?

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Comments

  • #62
    lomb
    Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭lomb


    afatbollix wrote: »
    I went down the lease route this year.

    It is worth € 39,552.42 new. I pay €275 a month, This includes tax, Servicing and NCT after the two years.

    After two years I hand it back and go find another one. I don't have to worry about selling or find a good trade in price.

    Currently after two years on auto trader my car is worth €22,500

    There is no point in owning something that deprecates. It is worth feck all at the end!

    Who leases in this country? Its all PCP or HP here no dealer or distributor wants to loose money here.
    That 40k car is worth 32 at end of year one and 26 at year 2 ie at 20% reducing balance and then theres the finance cost also.


  • #63
    lomb
    Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭lomb


    saying that in the uk cars are leased for small monthlies when on special offer. Something like a new Merc slks for 300 a month and that's a 50 k car here. They can do it as the manufacture is directly connected to a large market in the uk and when private demand is low they have employees and an assembly line to run so they will build the cars and lease them below cost with a heavy subsidy in order to keep things running. And thats why new cars offer very poor value in Ireland. If you can maintain one a 7 or 8 year old car is the way forward here unless money is no object..


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