| Best way to buy a car??? 11:18 - May 28 with 22053 views | AlfieMooresSon |
It seems like the youngsters just decide £300 per month or whatever and hire or lease a car that they never actually own.
The old method was to buy a quality car say 3 to 4 years old, then keep it for 3 to 7 years.
What do you do and what is the best method these days?
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| Best way to buy a car??? on 21:46 - Jan 11 with 3152 views | waynekerr55 |
This is good. All being well once I'm through my probatio ary period I'll be looking to take a car allowance, as it would be financially better than having a company car.
Out of interest would there be much difference in taking a PCP on a car that's one year old, or even 2 compared to a new model.. I think that's the route I'm going to take |  |
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| Best way to buy a car??? on 22:07 - Jan 11 with 3126 views | Oneill_77 |
The smart thing is not succumbing to this type of superficial trap.
The image conscious wannabees are the losers in this puerile game.
Earn the right to buy. Buy what you can afford. | | | |
| Best way to buy a car??? on 23:34 - Jan 11 with 3081 views | Catullus |
I buy cars base purely on need. I don't need anything flashy or expensive to run. I don't do much mileage so it's always trade my current car in for a 3/4 year old that I again run for 5/6/7 years depending on how it goes.
Last time I got 1500 trade in on a car not worth 1k. I try to always choose a cheap to tax and insure model. Next time around it will probably be a smaller car too, a Fiesta maybe.
Truthfully, if I could manage without a car I'd just dump it, driving is an expensive pain in the behind. | |
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| Best way to buy a car??? on 07:37 - Jan 12 with 3036 views | Dr_Winston |
| Best way to buy a car??? on 23:34 - Jan 11 by Catullus |
I buy cars base purely on need. I don't need anything flashy or expensive to run. I don't do much mileage so it's always trade my current car in for a 3/4 year old that I again run for 5/6/7 years depending on how it goes.
Last time I got 1500 trade in on a car not worth 1k. I try to always choose a cheap to tax and insure model. Next time around it will probably be a smaller car too, a Fiesta maybe.
Truthfully, if I could manage without a car I'd just dump it, driving is an expensive pain in the behind. |
After 20+ years of not driving I'd be absolutely lost without mine now just over a year since I passed. Strange how things go.
It looks like I'll be doing about 6-7,000 miles a year tops, so economy is going to be a big thing for me too. If I can find something that'll do 50+ to the gallon in a low tax bracket that'll be fine. |  |
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| Best way to buy a car??? on 10:52 - Jan 12 with 2986 views | Catullus |
| Best way to buy a car??? on 07:37 - Jan 12 by Dr_Winston |
After 20+ years of not driving I'd be absolutely lost without mine now just over a year since I passed. Strange how things go.
It looks like I'll be doing about 6-7,000 miles a year tops, so economy is going to be a big thing for me too. If I can find something that'll do 50+ to the gallon in a low tax bracket that'll be fine. |
There's a bus stop right outside the front door that gets me to the shops. I need the car to get my son to school until september when he too can catch a bus. It's juts my wife to work then, will still need the car unfortunately. I'd rather bank the money and have more holidays. | |
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| Best way to buy a car??? on 09:48 - Jan 19 with 2859 views | waynekerr55 |
Bump!
I've been looking at nearly new VW Golf Match 1.0TSI.
They're retailing around 15k (approx 7.5k below brand new) and the PCP price is negligible against if I got a loan. Given that I have a car allowance that easily covers the loan price plus leaves money aside for servicing tax etc. Then is that something to consider? By the end of the loan period I have the car myself for the same amount I'd pay PCP then I assume I could trade it in and go PCP new or the same again? | |
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| Best way to buy a car??? on 16:00 - Jan 20 with 2771 views | A_Fans_Dad |
This has been a fascinating thread, at 73 with 53 years of motoring I have tried all of the above, been ther and done that as they say.
I am with The_undecided here and if you want to go PCP perhaps you should contact them.
Some things to consider.
What price do you put on peace of mind? Which is where PCP comes in (Cooperman nails that part)
Older cars are more likely to face massive bills and write off your total investment, snap a cam belt and lose the engine can lose the car.
Newer cars tend to have better everything, safety, MPG, ease of driving etc. Except keyless entry, which is less safe theftwise and more electronic goodies the more to go wrong, but you may be able to live with that.
Buying second hand you can never be sure what you get, it can be an ex write off, even a cut & shut and totally unroadworthy, get an HPI type check.
Very old cars are much easier to maintain, if you know how and are so inclined, modern cars you have to forget anything other than very basic stuff due to all the sensors and computerisation etc.
Many cars have 5 - 7 year warranty, so if you buy at 1 to 2 years old it still gives you peace of mind for a few years.
So, based on your nature (and your other halves) the choices are quite straight forward, newer = risk averse, older = riskier but can be a lot cheaper, very old = hobbiest & scrapyard spares.
But never buy new if you are worried about losing money as the losses involved in driving out of the showroom are huge compared to the depreciation of subsequent years. Unless you get a special deal, like 1/3rd off because it has been replaced by a new model etc.
What I would suggest in the case of second hand is research which makes & models have the best reputation for longevity.
Taxi drivers usually choose their cars on reliability and fuel consumption, so their make & model may be a good choice.
Don't just buy the first one you see and look at it more than once. Go for one with a FSH if you can and get an HPI or similar check.
Most people who have posted here appear to go German, personally I would favour Japanese, or for lots of spares a Ford Fiesta as they have sold a lot of them and just about every mechanic knows them.
ps not all cars are actually that new as they can sit around for many many months which is not good for them. [Post edited 20 Jan 2020 16:10]
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| Best way to buy a car??? on 10:54 - Mar 19 with 2633 views | AlfieMooresSon |
I think this is where buying your own car pays, if you've leased a car and lose your job, I assume you have to keep it or pay a massive penalty? | | | |
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| Best way to buy a car??? on 05:38 - Jan 29 with 960 views | Etwoment |
The way people buy cars has definitely shifted over the years. Personally, I’ve always leaned toward buying a quality used car, like a 3 to 4-year-old model, and keeping it for a while. There’s something satisfying about owning a car outright and knowing it’s yours. I did that with my last car and drove it for nearly 6 years before trading it in.
I also know a lot of folks are into leasing these days, especially with lower monthly payments. But if you’re looking for something a bit more unique or hard to find, I’ve been checking out https://www.jdmbuysell.com/ for JDM cars for sale. I found some great options there recently.
[Post edited 3 Feb 6:00]
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| Best way to buy a car??? on 17:39 - Jan 29 with 834 views | SullutaCreturned |
I have pretty much done the same thing ever since I owned my first car which was an old junker (to learn to drive after I passed my test!) and it's always worked well. It's pretty much what you said, buy a car 3 or 4 years old and keep it for 4-5years. Try to get a car below 50k mileage.
Over the years I have usually upograded slightly as my earnings allow.
This idea of getting a flash car on PCP for a silly amount of money as well as the running costs seems totally daft to me. I see quite young people in cars they could never afford to buy unless they have rich parents or they're drug dealing! | | | |
| Best way to buy a car??? on 19:39 - Jan 29 with 795 views | Boundy |
| Best way to buy a car??? on 17:39 - Jan 29 by SullutaCreturned |
I have pretty much done the same thing ever since I owned my first car which was an old junker (to learn to drive after I passed my test!) and it's always worked well. It's pretty much what you said, buy a car 3 or 4 years old and keep it for 4-5years. Try to get a car below 50k mileage.
Over the years I have usually upograded slightly as my earnings allow.
This idea of getting a flash car on PCP for a silly amount of money as well as the running costs seems totally daft to me. I see quite young people in cars they could never afford to buy unless they have rich parents or they're drug dealing! |
We did the PCP avenue of buying a car for the wife (company car for me at the time) and I knew I was going to finish working during the time of the contract as was the contract so I bit the bullet and paid off the balance whilst I could afford to .Now she still has the same car and myself ,well I bought a 3rd hand car now with 105k on the clock and one I'll keep until it's no longer feasible to keep. | |
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| Best way to buy a car??? on 08:49 - Jan 30 with 686 views | controversial_jack |
I took out a pcp once , and after the 3 years were up i had no equity in the car and still the balance to pay or hand the car back. Never again. | | | |
| Best way to buy a car??? on 17:48 - Jan 30 with 617 views | SullutaCreturned |
| Best way to buy a car??? on 08:49 - Jan 30 by controversial_jack |
I took out a pcp once , and after the 3 years were up i had no equity in the car and still the balance to pay or hand the car back. Never again. |
How much was the car and what was the balance you owed? If the balance was less than the cars value then you had equity. | | | |
| Best way to buy a car??? on 21:44 - Jan 30 with 566 views | controversial_jack |
| Best way to buy a car??? on 17:48 - Jan 30 by SullutaCreturned |
How much was the car and what was the balance you owed? If the balance was less than the cars value then you had equity. |
It was over 25 years ago, i can't remember | | | |
| Best way to buy a car??? on 12:09 - Jan 31 with 491 views | fbreath |
| Best way to buy a car??? on 21:44 - Jan 30 by controversial_jack |
It was over 25 years ago, i can't remember |
Was PCP even a thing 25 years ago.
Most cars then were bought with envelopes full of cash. |  |
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| Best way to buy a car??? on 13:16 - Jan 31 with 444 views | Whiterockin |
| Best way to buy a car??? on 12:09 - Jan 31 by fbreath |
Was PCP even a thing 25 years ago.
Most cars then were bought with envelopes full of cash. |
Yes it was in place then but only idiots used the practice. |  | | |
| Best way to buy a car??? on 13:26 - Jan 31 with 424 views | raynor94 |
| Best way to buy a car??? on 13:16 - Jan 31 by Whiterockin |
Yes it was in place then but only idiots used the practice. |
🤯😉 |  |
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| Best way to buy a car??? on 13:32 - Jan 31 with 410 views | Whiterockin |
| Best way to buy a car??? on 13:26 - Jan 31 by raynor94 |
🤯😉 |
Anyone who did the calculations could see just how expensive it really was, the bottom line was inflated to give everyone their cut. The system was only used by people who were desperate for a new car but couldn't really afford one. | | | |
| Best way to buy a car??? on 13:49 - Jan 31 with 390 views | JACKMANANDBOY |
My last two cars have been nearly new, from the manufacturers fleet with about 10K miles on the clock. First one a Saab cost me £15K and lasted about 14 years and had 175K on the clock when I part exchanged it for a Honda 10 years ago at a cost of £14K. I've done 120K in the Honda.
Both have proved very reliable and the purchase cost has worked out around £100 a month.
A friend brought an Audi A4 estate for £5K with 100K on the clock 10 years ago. It's now done 250K miles with no problems at all. |  |
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| Best way to buy a car??? on 13:54 - Jan 31 with 378 views | raynor94 |
| Best way to buy a car??? on 13:32 - Jan 31 by Whiterockin |
Anyone who did the calculations could see just how expensive it really was, the bottom line was inflated to give everyone their cut. The system was only used by people who were desperate for a new car but couldn't really afford one. |
Couldn't agree more, it's amazing how many youngsters driving around in a Audi, god knows how much they are paying for something they'll never own | |
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| Best way to buy a car??? on 14:29 - Jan 31 with 348 views | Whiterockin |
| Best way to buy a car??? on 13:54 - Jan 31 by raynor94 |
Couldn't agree more, it's amazing how many youngsters driving around in a Audi, god knows how much they are paying for something they'll never own |
How much of this is down to current life circumstances. So many youngsters living at home because renting is so expensive and home ownership out of the reach for many. So they have no serious financial commitments and just blow the lot, sometimes borrowing to feed their impulses. I just wonder where all this will end up 20 to 30 years down the line. | | | |
| Best way to buy a car??? on 15:57 - Jan 31 with 287 views | controversial_jack |
| Best way to buy a car??? on 13:32 - Jan 31 by Whiterockin |
Anyone who did the calculations could see just how expensive it really was, the bottom line was inflated to give everyone their cut. The system was only used by people who were desperate for a new car but couldn't really afford one. |
I took one out when i moved jobs and upgrade to a newer model as I had to drive more mileage.I wasn't desperate, just thought wrongly that it was a good option.I didn't repeat it | | | |
| Best way to buy a car??? on 18:26 - Jan 31 with 270 views | SullutaCreturned |
| Best way to buy a car??? on 14:29 - Jan 31 by Whiterockin |
How much of this is down to current life circumstances. So many youngsters living at home because renting is so expensive and home ownership out of the reach for many. So they have no serious financial commitments and just blow the lot, sometimes borrowing to feed their impulses. I just wonder where all this will end up 20 to 30 years down the line. |
I have a mate who's told me his 21 year old son is thousands in debt. He lives at home, has a minimum wage job and is up to his eyeballs. | | | |
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