Is buying new a waste of money

Buying new is brilliant, no one can deny this.

No need to worry about S/H, repairs etc etc.

That notion of not having to worry about anything is wonderful. Zero depression and zero worry.

Is it a waste of money? Ofcourse not, assuming you can afford this way of life. I do literally mean afford, not you have to become a vegetarian and start taking out loans for it.

Anyway you can't even compare the 2 notions of buying new and buying used anyway.

For the record though, buying used FTW.
 
My Clio 200 was bought new and it has cost me £3600 over 16 months in the form of my deposit and monthly payments. I think I got away lightly there as they had some good deals when I bought it.

Would I buy new again? Unlikely, this was a one off.
 
If you bought a new Fiat 500 with the scrappage scheme you'd be laughing. Looking at the second hand prices they dropped about £2k in two years which is pretty much break even.

See my post above.

£1300 over almost 3 years, would have been less if sold privately.

The values only seemed to plummet on ones in White specced as a Pop "base specification" this was the cheapest and most common option.

Buying new isn't so bad, depends on how long you plan on keeping the car.
 
Depends on the car and your budget.

I bought a new Evo8 in 2005 partly because I didn't want to risk buying a secondhand one. Had it been a Focus or similar, I wouldn't have been bothered. The model was new-ish at that time anyway, a nearly new one was almost the same price.

My current car was 5 months old when I bought it, so not new, but close. I could have saved a few quid buying a slightly older one, but there wasn't the availability.

I think everyone would like the feeling of buying a new car, if not just so they can get it out of their system.
 
I wanted to buy used last time I bought a car but I couldn't get the exact spec/car that I wanted. Ended up buying getting a brand new car. I know it's a rip off but it's relatively hassle free, got the warranty etc. and I know I can afford the monthly payments, so it isn't a huge issue.
 
Buying new is brilliant, no one can deny this.

They can.

Unless you are speccing up your dream Lambourghini or perhaps a new RS6 V10 for the family, your choice of car is constrained by money. In the real world almost everything is constrained by money.

The new car buyers in this thread are not people with brand new top of the range models of the cars they've always wanted with every option ticked. They are people who have, like most people, had to compromise in the purchase. Perhaps on model, engine or options.

There appears to be an underlying sense that the bottom line is that people who can afford it buy new and those who cannot buy used but of course it isn't that simple. This is why people buy a 320d new but cannot stretch to a 330d, or why people ordered a Focus ST1 and not an ST3, etc etc. So to say 'I can afford it!' is rather missing the point some of us are making about the benefits of used.

Buying/Running a car consumes a huge pot of money almost whichever way you look at it. You can't really escape that but you can vary the mix of spending within this huge pot of money motoring will consume. Some people decide (or ignore) that they'd rather lose thousands and thousands of pounds in depreciation but pay small amounts of road tax, have low servicing costs and get good fuel economy. Others decide they want as little depreciation as possible but are instead happy to spend a pile on servicing, fuel, tax and repairs. Both are valid ways of doing things and which is best doesn't depend on whether you 'can afford it' but what your personal priorities are.

The only people who can really justifably and smugly claim 'Yea, I buy new. I don't care about the depreciation - I can afford it' are those tooling around in a new F458 or perhaps a 911 Turbo or a Range Rover or an S class or something. Your average Golf 1.6 TDI owner doesn't really fit the breif of the loaded person who doesn't care about motoring costs, somehow.

The other issue is that many people do not even look at total cost of ownership. It's all about the monthly cost. They likely don't know or care whether in total they'd be spending £100,000,000 on a Corsa provided that the monthly numbers are right. Provided they can meet the monthly payments they seem completley unconcerned about the enormous overall cost of owning some fairly normal cars. Dealers love these people - it's why finance packages with huge APR and massive balloons were invented - because for some all that matters is the month by month cost, oh and 'buying' that white A3 TDI S-Line because 'I don't buy used... I can afford not to' whilst totally missing the point.

Me personally? I can't get over the fact you can run some pretty awesome cars for the same or lower TCO as PCPing a diesel hatchback and therefore would never be able to look past the tasty used alternatives when choosing a car.

Always look beyond the monthly cost.
 
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Not sure how it is different. But for bikes, never, never will I buy new. I will test ride demo bikes. But never buy new.

Went to a dealership this weekend to test ride a Multistrada 1200S... The new version costs around £16000, they had one in the shop, second hand, 6k miles on it, immaculate, I mean not a single scratch (touring bike!) full aftermarket exhaust system, heated grips, panniers, tons of carbon fibre, aftermarket chain/sprockets and a 2010 plate...

Just over £10k. I told the salesmen that I would never buy new, saw his face go sad :(
 
If you buy new you can spec the car exactly as you want it rather than making do with a used one.

Personally, I'd just make do and have a large wedge of cash left over.
 
If you buy new you can spec the car exactly as you want it rather than making do with a used one.

Personally, I'd just make do and have a large wedge of cash left over.

Exactly, spend £10k out of a £13k budget, that's 3k left over for repairs/services/imporvments. Or spend £20k on a new car?
 
Interesting debate, I'm still in my head knowing used is the right way..... But do we always buy with our heads ?....
Fox made some good points, it's the total cost of ownership over a given period. Which is where it gets complicated....
Low rate finance deals, PCPs, free service etc etc over short term "could" on the right car work out ok....
But once on that merry go around think you have to keep on it and change every year or two, else you carry all the depreciation and have to start again.

Couple years ago I had a pocket full of redundancy money, with the chance to buy the then brand new Focus RS.... My head won over heart.....and didn't buy.
Looking at the current used prices reckon I could have had one for a year or two and not lost much......
Would I feel comfortable now paying the used asking price for used one..... Not really..... I would rather have bought new and kept it indefinitely.

I'm the sort that alway buys the top spec..... I can't see the point of buying the basic version.... Hence I have always bought used, be it top spec RS's or Cupra etc. A car is either disposable or desirable the middle ground offers neither.

Brings me back to the itch that made me start the thread...... Fully loaded spec car and some, free service for 3 years, low rate deals, possible discounts, "limited edition" will be desirable on the used market, so possible good deal to swap it out in a couple of years on a PCP...... Will see how far the sales man will go Saturday :D

If not perhaps spot a good used deal or at one of the other dealers....
 
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