Are new cars too expensive?

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BriMarsh's picture
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Are new cars too expensive? Yes, they are for me! I'm staggered by the cost of really quite mundane new cars. I could probably mathematically afford one but I think I'd just feel sick the whole time at the complete waste of money. Every manufacturer seesm to be chasing "premium" so that prices just seem to keep accelerating. Only Dacia are getting anywhere close. Unfashionable and used will always be be my default position.

  • Let depreciation be your friend...
drivenfromtherearplease's picture
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artill wrote:

 It might be seen as a bit 'special' in the UK, but its got really basic engineering in it which is just designed to work so its very simple to look after.

I quite fancy a VXR8 estate, but i dont need another car so it probably wont happen......

Hence it's appeal to me - its's that simple engineering and unstressed nature to it i love, oh and the thumping V8!!

DO NOT give me ideas re the estate - or I will have to hunt you down and kill you.....

I'm now on all fours

drivenfromtherearplease's picture
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BriMarsh wrote:

Are new cars too expensive? Yes, they are for me! I'm staggered by the cost of really quite mundane new cars. I could probably mathematically afford one but I think I'd just feel sick the whole time at the complete waste of money. Every manufacturer seesm to be chasing "premium" so that prices just seem to keep accelerating. Only Dacia are getting anywhere close. Unfashionable and used will always be be my default position.

 

Not sure if it was you or another who mentioned on another thread about the Nissan QX? But I totally get where you are coming from, apart from our Aygo (bought as it was launched and there was nothing else remotely close to it at the time) all our cars have been S/H or ex demos etc at vastly reduced prices (but still spent a lot  ... eek). And looking back, perhaps could have gone further into the S/H market and purchaced some far finer and more exotic machinery.

I'm now on all fours

Los Angeles's picture
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Buy second hand. Smile

In other words, I agree.

The writing is on the wall: economic despair. Manufactures must reappraise their conveyer belt systems and construction methods if costs are to be kept to a level where the majority can afford to buy, get to work, earn a salary, and buy a new car. There's another economic crash on its way led by the banks and investment houses.

That swathe of population that led the procession to BMW, Mercedes, and Audi, the middle class, will get squeezed even more, unemployed youth alienated all together. China is feeling the effects of rampant expansion. That in turn affects car sales there.

Every action causes a reaction.

Start taking bets on which premium company will be the first to go under unless it alters course, and which populist company will cease trading. Two obvious ones are Aston Martin and Seat, premium and populist. Both are trapped in the hike to designer label status of the late Nineties. Jaguar must be praying its F-type will do for it what the Boxster did for Porsche - revive sales and interest.

artill's picture
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drivenfromtherearplease wrote:

artill wrote:

 It might be seen as a bit 'special' in the UK, but its got really basic engineering in it which is just designed to work so its very simple to look after.

I quite fancy a VXR8 estate, but i dont need another car so it probably wont happen......

Hence it's appeal to me - its's that simple engineering and unstressed nature to it i love, oh and the thumping V8!!

DO NOT give me ideas re the estate - or I will have to hunt you down and kill you.....

I have to say, having a 5.7 V8 seems bizarre in todays world, but an extra half Litre in a VRR8 would be fine. It would use a little more fuel, being heavier and shorter geared, but should still do 28 on a run (my last trip to cornwall by Monaro was at 32 mpg, and that wasnt in the left hand lane!), but they are much faster still increadably simple. But i dont know if they are galvanized. Monaros arent so will rust if used all year round and not cared for (unlike your wonderful machine which goes almost as well on salted or snowey roads as it does in the summer)

Peter Cavellini's picture
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Nobody pays the asking price nowadays, don't you haggle?, try for some freebies?,ok, BMW maybe don't struggle to sell there cars, but, most garages are prepared to deal, you've just got to be realistic,not to greedy, they have to make money,so being fair ,friendly helps too,there are company's who will do the haggling for you,for a fee obviously, but there there none the less,so that £60K asking price might become say £57K?,not far of the old price before options.

Peter Cavellini.

artill's picture
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Peter, People have always haggled. If the list price has gone up, the transaction price will too. I think you missed the point

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New cars are certainly dearer . But look at first year falls in value and they have got bigger too . Even on premium brands . Not sure if that is down to lower demand or folks getting nervous about four figure repairs for so called reliable German brands .

Lets face it they sell more 3 series beemers than Mondeos nowadays which hits first year depreciation hard .

I am sorely tempted to try bangernomics . ie buy something cheap and scrap it when it dies. 

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Taking the originally suggested example of the Saxo vtr, all I can say is have you seen one after a crash, makes a Auntie Bessies Tin Foil tray look strong.

I am sure that if cars were to be as basic as they were back then prices would not be to dissimilar.

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audiolab wrote:

Taking the originally suggested example of the Saxo vtr, all I can say is have you seen one after a crash, makes a Auntie Bessies Tin Foil tray look strong.

I am sure that if cars were to be as basic as they were back then prices would not be to dissimilar.

I doubt if extra safety kit has too much to do with it. Any cost incurred there has probably been offset with new efficiencies in the manufacturing process and all those other things that drive costs down over time.

You know, I do believe that is a 'pec'...

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