Why do you feel the need to buy a new car?

Guy:Incognito

themouthpiece wrote: »

Can anyone tell me what's the financial benefit of having a new car?

What's the financial benefit of a new fridge or television?

Or, to keep it closer to the theme of someone's sweaty balls, a new bed?

tuxy

themouthpiece wrote: »

Can anyone tell me what's the financial benefit of having a new car?

It's about the same as owning the latest tech device or other similar hobbies.

JohnCleary

themouthpiece wrote: »

Can anyone tell me what's the financial benefit of having a new car?

There is none. Just like there is no financial benefit to holidays, drinking, smoking fags etc..

People don't buy new cars to financially benefit. They are a luxury item, just like any other luxury in life.

freshpopcorn

themouthpiece wrote: »

Can anyone tell me what's the financial benefit of having a new car?

Also why not go for a Ferrari, Lambo ,Porsche, Buggati?

If you have 30k to spend on a new car you should have enough for above? Why not get one?

Money isn't everything!
What's the point of buying anything new if that's the case.

themouthpiece

Why not go for a Ferrari, Lambo ,Porsche, Buggati?

If you have 30k to spend on a new car you should have enough for above? Why not get one?

FAMLEE

themouthpiece wrote: »

Can anyone tell me what's the financial benefit of having a new car?

Also why not go for a Ferrari, Lambo ,Porsche, Buggati?

If you have 30k to spend on a new car you should have enough for above? Why not get one?

Peace of mind & hassle free motoring.

Maintainence, running costs & higher percentage of depreciation on those cars obviously.

Guy:Incognito

JohnCleary wrote: »

There is none. Just like there is no financial benefit to holidays, drinking, smoking fags etc..

People don't buy new cars to financially benefit. They are a luxury item, just like any other luxury in life.

The holiday is a good comparison too. Value drops to zero straight away. 100% depreciation in 2 weeks is worse than any car ever made.

JohnCleary

themouthpiece wrote: »

Why not go for a Ferrari, Lambo ,Porsche, Buggati?

If you have 30k to spend on a new car you should have enough for above? Why not get one?

Having driven many Porches / Ferraris in the past (wealthy neighbours), I actually find my own car much more comfortable and subtle. You wouldn't look twice at it on the street.

tuxy

themouthpiece wrote: »

Why not go for a Ferrari, Lambo ,Porsche, Buggati?

If you have 30k to spend on a new car you should have enough for above? Why not get one?

You might be able to get the shell of a car like that but some people like to drive the car occasionally.

Quantum Erasure

FAMLEE wrote: »

If ya sat in a 2019 octavia vrs you might think different?

Or.. you just see a car as a "white good" same as a fridge, microwave tv.?

I see people with double width 'american' fridges, everything else in the kitchen is integrated, but these have to be stand alone units, (or maybe it's too expensive to get them integrated, hard to know...) water-cooler / ice maker, the lot.
And built in combi microvave / convection oven / steam oven ....

with what you'd save buying a normal fridge and microwave, you'd have enough for a reliable second hand car


...

FAMLEE

I think the OP might have just been refused credit...

I bet he'd be the type to go visiting & flashing a new car.

I thought he was genuine at first, but try to argue & give facts and he just deflects.. WTH?

themouthpiece

Sorry folks i still don't see why you would bother with a new car.

Think of all you could be doing with the extra money. Whats a new car payment 500 a month or so or buy it out if you have the money.

I just will never understand.

FAMLEE

Quantum Erasure wrote: »

I see people with double width 'american' fridges, everything else in the kitchen is integrated, but these have to be stand alone units, (or maybe it's too expensive to get them integrated, hard to know...) water-cooler / ice maker, the lot.
And built in combi microvave / convection oven / steam oven ....

with what you'd save buying a normal fridge and microwave, you'd have enough for a reliable second hand car


...

I meant that some people are into cars, others just see them as a "white good" ie. it has one job to do & it does it

tuxy

Quantum Erasure wrote: »

I see people with double width 'american' fridges, everything else in the kitchen is integrated, but these have to be stand alone units, (or maybe it's too expensive to get them integrated, hard to know...) water-cooler / ice maker, the lot.
And built in combi microvave / convection oven / steam oven ....

with what you'd save buying a normal fridge and microwave, you'd have enough for a reliable second hand car


...

Some people live within their means and some don't.
Hardly a revelation

Guy:Incognito

themouthpiece wrote: »

Sorry folks i still don't see wjhy you would bother with a new car.

Think of all you could be doing with the extra money.

And I don't see why youd bother with the things you buy new. Think of all you could be doing with the extra money.

Maybe go on one of those appreciating asset holidays of yours.

Guy:Incognito

FAMLEE wrote: »

I think the OP might have just been refused credit...

.

Didn't you read the numerous posts, he could buy Anne 7 series for cash if he wanted.

themouthpiece

Guy:Incognito wrote: »

And I don't see why youd bother with the things you buy new. Think of all you could be doing with the extra money.

Maybe go on one of those appreciating asset holidays of yours.

No nothing like that, putting it towards retirement. A new car or retiring as early as possible, I know what i would do.

i plan on retiring at 50.

I can afford as many holidays i like a year, no problem. In any country in the world.

I wouldn't like spending my money driving around Ireland.

FAMLEE

Guy:Incognito wrote: »

Didn't you read the numerous posts, he could buy Anne 7 series for cash if he wanted.

Must be a ganglander or traveller so.

freshpopcorn

Guy:Incognito wrote: »

Didn't you read the numerous posts, he could buy Anne 7 series for cash if he wanted.

He might be able to get Jedward back together he's so well off!

FAMLEE

themouthpiece wrote: »

No nothing like that, putting it towards retirement. A new car or retiring as early as possible, I know what i would do.

i plan on retiring at 50.

I can afford four holidays a year regardless.any amount of holidays i want i year.

Cut down to ONE holiday per year and you can retire even quicker.

Guy:Incognito

themouthpiece wrote: »

.

I can afford four holidays a year regardless.

Seems like a waste of money. You could spend that money on a new car, at least that would have value. Cant sell 4 holidays you took.

tuxy

themouthpiece wrote: »

No nothing like that, putting it towards retirement. A new car or retiring as early as possible, I know what i would do.

I can afford four holidays a year regardless.

Someone did make a good point about people buying new cars. The more that do the more the market will be flooded, the better deal you can get.
But you do not seem happy about this prospect.

Guy:Incognito

freshpopcorn wrote: »

He might be able to get Jedward back together he's so well off!

To be fair, most of us could probably afford that :pac:

themouthpiece

Guy:Incognito wrote: »

To be fair, most of us could probably afford that :pac:

Nah, I'll retire at 45, 50 at the latest but enjoy your new cars.

FAMLEE

themouthpiece wrote: »

Nah, I'll retire at 45, 50 at the latest but enjoy your new cars.

You'll have plenty of time on your hands then to keep that octavia on the road.

I can send you the hayne's manual? Should come in handy over the next 30 years f

Guy:Incognito

themouthpiece wrote: »

Nah, I'll retire at 45, 50 at the latest but enjoy your new cars.

But what if I'm buying a new car instead of throwing money away on 4 holidays that have zero resale value?

What if I buy 1 new car and keep it for the same length of time as you keep the various cars you buy that end up adding up to the same value?

themouthpiece

Guy:Incognito wrote: »

But what if I'm buying a new car instead of throwing money away on 4 holidays that have zero resale value?

What if I buy 1 new car and keep it for the same length of time as you keep the various cars you buy that end up adding up to the same value?

At least I go see the world instead of been stuck in Ireland. Anywhere I want.

FAMLEE

themouthpiece wrote: »

At least I go see the world instead of been stuck in Ireland. Anywhere I want.

What if you die of heart-attack / stroke at 44?...

Guy:Incognito

themouthpiece wrote: »

At least I go see the world instead of been stuck in Ireland. Anywhere I want.

That's a change of tune from a car being a waste of money because it depreciated so much. Your travel depreciates 100% straight away.

Maybe you're not as good with your money as you think.

themouthpiece

FAMLEE wrote: »

What if you die of heart-attack / stroke at 44?...

Wouldn't happen, I only eat grilled chicken Saturday and Sunday. Meat free rest of the week. Plenty of Spuds and Veg Monday to Friday.

Next please.