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[TheBoy]

I pay the labour and supply the parts (with invoice)

And probably do proper servicing afterwards

[pscocoa]

Is a demonstrator that has no miles on it still new if you have to wait 3 months to drive it way from dealer (3 months needed in order to qualify as demo model

[05omegav6]

If it has been registered then it it used. It's any interesting question, but as I understand it the 3
months thing is probably the bare minimum for specific tax breaks (for the dealer).  If they have a target for registering and selling cars on for special offers, then pre registering happens, the car is still used because you aren't the first keeper, even though it may only have delivery mileage

[feeutfo]

Needs to be older than that IMO. Still too much to loose on depreciation, which doesnt seam to level out until 1 or 2 years passed.

[tunnie]

Depends if you DIY service too, new cars should in theory mean far less work. Just drop to a dealer once a year, older cars need more.

If you buy an older car at far less than original, do the work yourself and get parts at trade its still much cheaper than shelling out say £15/20k on something brand spankers.

Also depends on what you are after, as some brands hold value better than others

[TheBoy]

Depends if you DIY service too, new cars should in theory mean far less work. Just drop to a dealer once a year, older cars need more.

If you buy an older car at far less than original, do the work yourself and get parts at trade its still much cheaper than shelling out say £15/20k on something brand spankers.

Also depends on what you are after, as some brands hold value better than others

Not everyone can get parts at trade....

[05omegav6]

Depends if you DIY service too, new cars should in theory mean far less work. Just drop to a dealer once a year, older cars need more.

If you buy an older car at far less than original, do the work yourself and get parts at trade its still much cheaper than shelling out say £15/20k on something brand spankers.

Also depends on what you are after, as some brands hold value better than others

Nice illusion  most repairs on the Omega are mileage based ie suspension components etc, even hbvs have a limited life span, ie mine has been replaced at 5yrs/110 k, and again at 7ish yrs/210k

The rear shocks on the Altea only lasted 14months/80k, becuase it's a compromised design based on partsbin technology, an example of the effects of a single manufacturer multi branding their floorpans

'Premium' brands don't depreciate any slower than the others, it's simply that they cost more to begin with...

Eg: Car 1, a £23k Insignia, after 2 years and 20k, will be worth 12k, a loss of £11k.

Car 2, a £30k Audi/BMW/Merc, after 2 years and 20k will be worth for £18k, a loss of £12k.

Car 3, a £12k Fiesta/Corsa, after 2 years and 20k will be worth for £8k, a loss of £4k.

Car 4, a £18k Golf/BMW 1 series/Audi A3, after 2 years and 20k will be worth £13k or so, a loss of at least £4k.

Above examples are clutched from thin air, but basically small cars lose less value than bigger cars, buying premium just costs more to start with.

A £5-600 Omega will always be worth £5-600 A very nice, well kept one probably won't drop below £1500 as a bare minimum although, like most things they are only worth what someone is prepared to pay for them

[Sir Tigger KC]

I think that if I was to spend alot of money on a car I'd go for a nearly new Kia, keep it's service history up to date and you get that massive 7 year manufacturers warranty! 

[I_want_an_Omega]

We have to hope that some people will buy new - if then don't then the supply of the used cars we like to purchase will dry up ...............

[horsecow]

We have to hope that some people will buy new - if then don't then the supply of the used cars we like to purchase will dry up ...............

 

I just hate the thought of that depreciation!! I think some people think more of the latest number plate and being able to say that they've a brand new motor than the actual quality of the motor they are getting or the cost. There are some cars I just wouldn't buy but my mate cant be turned away from renault, I wouldnt have one if it was free!!

[TheBoy]

There are some cars I just wouldn't buy but my mate cant be turned away from renault, I wouldnt have one if it was free!!

A fair few people are very loyal to a brand.

Our very own Mr DTM, cut him in half, you'd see a Vx Griffin run through him like a stick of rock.  Many (deranged people) have an affection for Fords. Mrs TB's brother, its Audi's. My family, it seems to be BMWs.

If I'm honest, I have a soft spot for Rovers


Not just cars either. Look at all the recent discussion on mobile phones

[omega3000]

My father has always had vx as far back as i can remember but never new although the viva was nearly new , then 3 years ago he bought a toyota corolla to down size . Its been ultra reliable with just yearly servicing consumables which makes me think about having a toyota in the future . I would never buy ford again unless it was the american v8 type  It would be interesting to find out WHO and how many actually buy a car brand new with cash from a showroom 

[horsecow]

I've always been a toyota fan, they seem to be really reliable and the hold their value quite well from what I see. The missus has an avensis which she bought about 5-6 yrs ago, paid 3500 for it and the same model sells today for around 2500. Its never let her down and keeps plodding away, now its not much of a speed demon but its easy on fuel and reliable which is all she wants

[ianu]

I must admit I can't see the financial sense of changing for new every few years for precisely the depreciation aspect. I do think there is a sort of middle ground though where some people will set themselves out a budget and for a degree of confidence in warranty covered, fixed price servicing and even a few extras thrown in will go for the smell of a new car.
You're right though, as they get more expensive, you need to do the sums carefully and I think weigh up what sort of mileage you are likely to be doing. High mileage will crucify residuals especially in the medium exec market I reckon (Josh is probably the expert here though) - but would you want to do star trek miles in something only moderately more comfotable than a Cosy Coupe Car.
If however you buy new with no intention of selling it anytime soon - then i think you can start to rationalise the expense whether you only use it at the weekends or decide (assuming you've done the maths on servicing, tyres, insurance, new car tax etc. etc.) to hell with it - I'm going to jolly well use it and enjoy it at every opportunity.
I sort of sit in both camps.
I bought a brand new Volvo XC90 8 years ago  with my own dosh - no finance, and I've averaged 20k miles a year in it since.  True to say its current value makes the depreciation figure a bit eye watering to say the least - but I have no intention of selling it. It's now in the maintenance routine akin to my Omega. Most of the common problems were sorted under warranty, everything else has been maintenance you'd expect of a vehicle doing that sort of mileage so it's no more expensive now to run.
My Omega I bought for a tenth of the price 3 years ago, within a year I'd spent as much again on it getting all the things sorted the previous owner just managed to avoid and it's also doing 25k a year. It's worth probably a third of what I paid for it.
I love both cars to bits. The Volvo however for quite a few reasons is the best car I've ever had and if I had the money when this one falls to bits I'd have another one (but probably would try for a second hand one).
The Omega I wouldn't change either (except for Twiggy's Estate  )and apart from the obvious 4x4 shortfall - does everything I could ask for in similar comfort too.

SO would I but new - yes 'cos I did. But would I buy secondhand too - definitely cos' the feeling of saving all that money for 'something as good' is hard to beat too.