Why Would You Buy A New Car?

[Flukey]

I would never pay full retail. If I didnt qualify for national fleet, I wouldnt buy new.

[Schmooth]

I bought my T only 12 months old and saved 15 grand.  Near-new is where the bargains are

<{POST_SNAPBACK}>

Same here. And still put it on lease. Couldn't justify the extra dollars for brand new. Well, at least not this time.

[Dagabond]

I bought my T only 12 months old and saved 15 grand.  Near-new is where the bargains are

<{POST_SNAPBACK}>

Same here. And still put it on lease. Couldn't justify the extra dollars for brand new. Well, at least not this time.

<{POST_SNAPBACK}>

I'll third that, but thrown a 23k saving.

[JBomb3000]

No doubt near new makes the most sense dollar wise but it depends if your willing to compromise. If you want to be the only one to have owned the car and be safe in the knowledge it's only been thrashed by you then you will have to pay for the privledge. Same with options and colour, if your willing to compromise then fine if not you'll pay for it.

I was lucky, I got mine new for the price of a good second hand one. No one buys new cars as an investment, we all know they depreciate and while it's depressing if you want the privledge of owning a new car it's a fact of life.

[Pixy Angel]

Depreciate is something everyone goes through.

I brought an XR8 Ute in Feb 04 and sold it Oct 04 had to sell it as the family had an extra member due. In the 8 months of having the car when I finally sold it I lost around $8,000. Life's a B*t*h

Aaron

[ms700]

Cars Depreciate, its a fact of life and the more the car costs, the more it depreciates in the short term, If you are one of those people who buy a new car every 2 years then having the lattest and greatest is going to cost you, if you plan to keep the car for a number of years then the depreciation is not an issue I dont look at my car and say its only worth 25k, it is still a 50k car and only becomes a 25k car when I dont want it.

how long you keep the car determins your rate of depreciation, so how long do you plan to keep the car? how much enjoyment do you get from the car per km? is it worth a $1? $0.50c? $0.25? people who sell cars that are designed to see 150,000 km easy at the 40k, 50k etc and expect not to loose money are stupid imo

Fords, Holdens and Mitsubishis have always had pretty bad depreciation, its a well knowen fact yet you bought one, what did you think that your car would be different?

<{POST_SNAPBACK}>

Well said.

If you are soo worried about depreciation and loosing money, go buy a house.

Good luck cruising in your new house!

I had the choice, a house or a T, I went the T, best move I EVER made. Period.

[harvyk]

Why would you buy a new car???

1. You get exactly what you want (you just have to be willing to tick the boxes)

2. The new car warranty, most of the people who complain about fords sh*t warranty has usually got a list of mods a mile long under the hood as well... Besides a new car warranty will fix \ replace more things than a 2nd hand car warranty. As an example I used to own an old subi, (2nd hand) and whilst under 2nd hand car warranty many things failed in it - radiator (multiple times) \ both front shocks at different times, plus numerous other things, by the time we'd paid for the cost of the repairs we might have well brought a new car, it'd cost about the same. Also as far as a specific manufacture is concerned (this is all of them euro's included and BMW's from a bad dealer) there is a lot of things that is within specification... The real deciding factor is the dealer in if you warranty is worth anything... (I think the one exception to that is Ferrari)

As for second hand cars \ other brands of cars

You can get cars that are a lot cheaper to buy and run over a T. Surely if your that concerned with money you'd have looked at a cheaper option. By it's very nature a performance car = money pit... If you buy any car you probably ain't going to make money from it, and if the car has been sold as a performance car you will almost certainly lose money.

As for saying No Burnout’s \ never pushed hard – in the mind of the potential buyer – “yeah right”... Even if the car hasn’t been thrashed it you’ve only got the sellers word on that, and what’s that worth to a potential buyer, it’s not worth a lot when your talking in many multiples of thousands...

Will I buy a new car again??? Yes. I like the fact (as long as you don’t get a lemon) that everything works, should anything major go wrong I won’t have to pay out huge sums of money, that’s what your paying for, not the new car smell. (BTW you can buy a spray bottle with that smell if you really want it)

[Rik_Biel]

For me - I wanted to have a new car at least once in my life - and now I have done it - I suspect I will do it again in 5 years time as well.

Here are my reasons;

1. Tax Effectiveness.

Under my novated lease I am salary sacrificing the lease payments.

If I did not do this, I would loose 48.5% in tax - this way I get to use the full $1 - ie the pretax pay. Under the arrangement, I also effectively get the car GST free - but I pay GST on the residual - still a saving. I also got a fleet discount.

I also pay no FBT because I do over 25,000kms pa - just - and my "recipient's contributions - ie the running costs I pay - wipe out the taxable value.

In the end - the car that had a contract price of almost $42000 will actually only cost me about $27,000 in real cash - and that includes the $10,000 residual at the end of 5 years. A very nice spread.

So - for less than the price of a second hand one - I get a new one - and I get to pay it off over 5 years instead of upfront.

2. The warranty

I have a 5 year - 100,000km warranty - so that is good for 4 years for me based on my mileage - still pretty good.

3. Straight Mate !

The fact that I am starting with a new car, means I can keep it new.

Second hand cars invariably have little dings or dents or scratches that just come with age. I wash my car every Saturday morning - I don't take it to the shops - I look after it.

In 5 years when I give it to my wife and get a new car, this car will still look brand new.

4. Peace of mind

I know this car's history - nobody has thrashed it before me - I would never buy a second hand T purely because I know somebody else would have had too much fun in it before me

[Buf-Phoon]

Buy em' and sell 'em within the constraints of what my TCP and novated lease allows mmmm BF Auto after 12 months lease on ole yella

[stang]

Hey who stole my post I`m sure I had a post in here.

I hope I`m not going looney.

No definately I remember posting in this thread O.K who`s the wise guy?

I want my post back.