Buying a new car now?

Wexy86

Hi Alll

Just looking for some feedback/opinons on buying a new car this late in the year.

My mum wants to buy a new car now rather than wait until Jan for a 16, she upgrades every 3/4 years and has a notion that she needs to do it right now. The car she is looking at is around €600 more in Jan and she's not getting any major discount for buying now. She does very little mileage.

Any reasons why she should wait other than the reg?

Edit: can someone report and get moved to buying please, I can't see my report option, thanks

ba_barabus

The biggest reason not to change will be depreciation. It'll cost her more when it comes to trade it in.

I really wouldn't buy now

JoeA3

It'd be highly unusual to register a new car this late in the year. It's only 6 weeks - I'd wait. The deal would want to be too good to be true to buy now.

She could always "buy now" - i.e. do the deal, but ask the dealer to hold off registering it until Jan 2nd.

Atlantic Dawn

She is most likely buying a car off the shelf that's already in Ireland and not ordering one where she is specifying spec and colour. If she buys now she is basically losing a years depreciation in a month. €600 is pocket change when talking about a new car.

Drummerboy08

I'm not sure how the car could be 600 quid more in January - very few dealers will actually want to register a car now and I'm surprised they're not pricing her more competitively to reg in January.

ironclaw

Given the buyer is doing low mileage and I'm presuming does not change her car often, there is no disadvantage to buying now in my eyes. By the time you come to sell or trade it, any difference in depreciation between 152 and 161 will be minimal. Make a saving on this depreciation now by pocketing the difference in a deal with the dealer, they may be keen to bump sales pre-Christmas. If they don't, wait and buy in January.

The power is in your hands really and comes down to whether they will do the deal to your advantage on depreciation i.e. If they take €500 off the list price, you are saving €1100 (€500 + €600 = Difference in price of the cars) versus buying in January. The depreciation and difference between a 152 and a 161 in 3 to 4 years time will likely be in the region of €2k. You are spending €1100 more in January (versus now) to get (maybe) €2000 more on a sale in the future. I'd rather have the €1100 saving now and get €2k less on the final sale.

colm_mcm

what car is it

millington

You should get more than €600 off at this time of the year. Otherwise, I'd wait

Drummerboy08

millington wrote: »

You should get more than €600 off at this time of the year. Otherwise, I'd wait

Nobody said that he's only getting 600 quid off for now, rather it's 600 quid more in January. Could be a price increase or anything for all we know.

R.O.R

You'd need to be certifiable to register a new car at this time of year, unless there was a substantial price increase coming for 2016.

If a dealer hasn't hit their 4th quarter target by now, they aren't going to hit it, and therefore aren't going to be throwing discount away to try and make a sale. If anything, they'd prefer to bump it to next year to give them a better chance of hitting the January target.

Voodoomelon

Highly unusual? Does no one really buy any cars from now onwards? I knew buyers would be few and far between, but none at all?

How many new cars would be registered between now and December 31st nationwide?

colm_mcm

You get the odd few, but pretty rare. A lot of pre regs I'd say.

Just to note - 47% of the cars regged last December were Toyotas.
Of that 47%, 63% were Auris's (All diesel hatchbacks)
and 33% (of the Toyotas) were Corollas. (all bar 1 out of 51 were diesel)
All bar 2 of these cars (both Corollas) were registered in Dublin.
So exactly 100 Auris diesels regged in Dublin in December. None anywhere else

VW still outsold Toyota by a good margin. Maybe Toyota were aiming for 10,000 sales for 2014.


Year 2014

Jan 22,891

Feb 12,711

Mar 14,297

Apr 7,822

May 6,272

Jun 1684

Jul 18711

Aug 4864

Sep 3899

Oct 2011

Nov 771

Dec 347

Total 96,280

Carson10

She should wait till the end of January. Mite as well wear her current car out over the next month or so with harsh winter weather/snow/road salt etc...

Furtzy2

Once bought a new car back in November 1997. The car became available with the exact colour and spec I wanted. Everyone said I was mad but I was happy and made very little difference when it came to trade it in. In fact it sold the day after

Wexy86

cheers for the advice guys - wealth of knowledge!

I'm not sure of the model but it's a smaller Toyota. The garage are now offering her the test drive car with 1000 knocked off the price. Theres around 8000km on it - since they offered her this today she has become fairly dubious that he's trying to hit his target! She has a thing about wanting it from new with the bare few km ok it. Thanks again

colm_mcm

8000km is surely ex rental. I worked in a Toyota garage and we never put anywhere near that mileage on demos.

colm_mcm

Worth noting that a non metallic one like red should be around €600 less than a metallic one.

Atlantic Dawn

There's 8k on it, it's not a new car, I wouldn't pay anything more than 85% of its new price.

ba_barabus

ironclaw wrote: »

Given the buyer is doing low mileage and I'm presuming does not change her car often, there is no disadvantage to buying now in my eyes.

She changes every 3/4 years. Personally I think it's madness to change now.

bazz26

8000 km is not an ex-demo, more than likely an ex hire car.

delly

OP, to get the most accurate advice, get the exact car model and spec, as well as exact numbers. The wealth of knowledge here will be able to tell you how good or bad the deal is.

Drummerboy08

bazz26 wrote: »

8000 km is not an ex-demo, more than likely an ex hire car.

It could easily be a demo. I've covered well north of 8k in my cars on occasion.

bazz26

Drummerboy08 wrote: »

It could easily be a demo. I've covered well north of 8k in my cars on occasion.

Interesting, I would have thought they would sell the car on at much lower mileage to get a price advantage over an ex-hire car with similar mileage.

Drummerboy08

Ex hires will typically have much more mileage than 8k.

I'll usually pull a demo when it hits 10k.

colm_mcm

That's a lot of demonstrating!
If it's something like a Yaris (seems to be), then it'll either be courtesy car or ex-hire. I can't see the sales team wanting to take it for the weekend.

Drummerboy08

colm_mcm wrote: »

That's a lot of demonstrating!
If it's something like a Yaris (seems to be), then it'll either be courtesy car or ex-hire. I can't see the sales team wanting to take it for the weekend.

I would also class a car that a member of staff is driving as a demo also. I'd also call a courtesy car a demo.

If it's available for a customer to test drive then it's a demo.

Could easily be a junior sales exec driving it, I have one in a Fabia sure!

colm_mcm

That's motivation anyway

millington

8k kms but only €1000 off list? Thats ripoff territory

millington

8k kms but only €1000 off list? Thats ripoff territory

colm_mcm

I don't think it's only 1k off list to be fair.