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Brand new car

By Hero-of-the-night in

General Chat


8 months ago
RE: Brand new car
By Hero-of-the-night 8 months ago
Anyone every bought one brand new? Is it worth it or are cars a year or two old better?



The Mrs wants me to get her the new Sortage GT line, 18 plate, but I’m worried the value will drop drastically.
RE: Brand new car
By tangerinejezza 8 months ago
20% driving off the forecourt
RE: Brand new car
By munkle 8 months ago
Preregistered is the way to go. Basically dealerships are targeted that they have to register so many cars a year so if they’re below target, they’ll register them and sit them on the forecourt. Means you can get a huge discount as they are technically second hand. I got £8k knocked of a fully spec 1 series BMW - almost 30%. Was delivered to me with 14 miles on the clock. I’m now looking to sell it and I can’t claim it’s only had 1 owner but I’ve got all the paperwork to show that realistically, I’m the only one who’s driven it.
RE: Brand new car
By thetruth1953 8 months ago
I agree with Munkle my mate did it with a Ford fiesta saved a fortune.
RE: Brand new car
By Hero-of-the-night 8 months ago
Too late now, just stuck 12k doposite down.

I never knew you could only put maximum 40% deposits down on a car.
RE: Brand new car
By thetruth1953 8 months ago
Hero-of-the-night wrote:

Too late now, just stuck 12k doposite down.

I never knew you could only put maximum 40% deposits down on a car.



Is that to stop money laundering?

What if you are a legitimate cash buyer,plus the vendor will make money out ot the credit deal.
RE: Brand new car
By Hero-of-the-night 8 months ago
thetruth1953 wrote:

Is that to stop money laundering?

What if you are a legitimate cash buyer,plus the vendor will make money out ot the credit deal.





We had the option of buying it with full payment but I didn’t want to pay the lot up front.

I did want to put 20k down and 9k on finance but the lad said I couldn’t. I did not ask why.
RE: Brand new car
By Windridge 8 months ago
Last car I bought was from Newport Auctions in South Wales.



Very good, and touch wood no problems.



It depends on the dealer as well - Motorpoint are pretty good.
RE: Brand new car
By Hero-of-the-night 8 months ago
Windridge wrote:

Last car I bought was from Newport Auctions in South Wales.



Very good, and touch wood no problems.



It depends on the dealer as well - Motorpoint are pretty good.



Ours is from Kia with a seven year warranty.
RE: Brand new car
By thetruth1953 8 months ago
Hero-of-the-night wrote:

Ours is from Kia with a seven year warranty.





The one from Hyundai is only five years but it covers more parts.
RE: Brand new car
By Hero-of-the-night 8 months ago
I’ll see how it holds up with Mrs Schumacher driving around in it.

I reckon it will be worth about 8k in three years after she has finished.
RE: Brand new car
By tangerinejezza 8 months ago
Hero-of-the-night wrote:

I’ll see how it holds up with Mrs Schumacher driving around in it.

I reckon it will be worth about 8k in three years after she has finished.





Somewhere ( I think wich) have a depreciation table for all cars. Some lose faster than others
RE: Brand new car
By Hero-of-the-night 8 months ago
tangerinejezza wrote:



Somewhere ( I think wich) have a depreciation table for all cars. Some lose faster than others





That could be a very sobering read for some.
RE: Brand new car
By TheSteed 8 months ago
Hero-of-the-night wrote:



We had the option of buying it with full payment but I didn’t want to pay the lot up front.

I did want to put 20k down and 9k on finance but the lad said I couldn’t. I did not ask why.





Wait a month then ring up the finance company and say you want to make a lump sum payment if £8k against the loan.
RE: Brand new car
By seasider 8 months ago
I just do a PCP on a used car but it's subsidised by my company. Not sure this is the route I would go down if it was for personal use as you locked down and if you change your car early, the depreciation usually means you lose out.
RE: Brand new car
By Hero-of-the-night 8 months ago
TheSteed wrote:



Wait a month then ring up the finance company and say you want to make a lump sum payment if £8k against the loan.





Cheers
RE: Brand new car
By Hero-of-the-night 7 months ago
Picked ours up today.

It’s ok I suppose, loads of gadgets.
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