Re: New or Used?
Posted: Fri Jun 23, 2017 11:13 am
Thanks for all the contributions, it's just as I thought, the whole thing is as clear as mud.
I suppose it's OK if you're someone like my mother-in-law who always pays the asking price for everything and is just as likely to throw in a tip for good measure. The used prices can look like a bargain compared to list price. Not so when you compare actual prices and the hit you have to take on the finance if you buy used. I could always get the money elsewhere, but I like the protection of car finance, especially the bit where you can terminate the contract with no penalty once you've paid half the money.
I can get a 10% discount by going to a company that has an agreement with my employer, but 10% isn't really good enough and there isn't any room to knock them down any further. Might be an option if I go for a brand that offers little or no discounts on list prices, like Skoda.
The next step is to decide what car to go for. I know I mentioned a C Class but, to be honest, there are cheaper, more practical options. It's difficult to find a truly bad car and the differences in depreciation between brands is nothing like it was.
I suppose it's OK if you're someone like my mother-in-law who always pays the asking price for everything and is just as likely to throw in a tip for good measure. The used prices can look like a bargain compared to list price. Not so when you compare actual prices and the hit you have to take on the finance if you buy used. I could always get the money elsewhere, but I like the protection of car finance, especially the bit where you can terminate the contract with no penalty once you've paid half the money.
I can get a 10% discount by going to a company that has an agreement with my employer, but 10% isn't really good enough and there isn't any room to knock them down any further. Might be an option if I go for a brand that offers little or no discounts on list prices, like Skoda.
The next step is to decide what car to go for. I know I mentioned a C Class but, to be honest, there are cheaper, more practical options. It's difficult to find a truly bad car and the differences in depreciation between brands is nothing like it was.