When should we stop buying new cars?

will-w

will-w

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Scaf said:
Fair point, but the choice is quite narrow, but what’s on offer or buy nothing, so over time …….. that’s no choice at all.
I can’t buy a new Jaguar now, unless I buy hybrid or. Electric, the option so really want has been taken away from me……
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You really don’t want to buy either of those! Their mild hybrids catch fire, their plug-in hybrids weigh so much that the range is laughable and don’t get me started on electric.

You could always buy diesel and wait for the <oil dilution/dpf failures/engine failure> to come knocking :D
 
will-w

will-w

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We entertained the idea of buying a new Volvo XC60 to replace our Discovery Sport but I was shocked to see that they’re charging over £900 per month for it!
 
will-w

will-w

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j s pollo said:
Keep the disco for another two years and then buy the volvo for half the price
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The Disco will be a pile of parts in 2 years… It’s a Sept 2020 build and it’s falling to pieces! Amazingly if we sell it on Motorway now we’ll get £4k back after what’s left of the finance has been settled. Just need to find a suitable replacement that the wife actually likes….
 
B

bigbob

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will-w said:
We entertained the idea of buying a new Volvo XC60 to replace our Discovery Sport but I was shocked to see that they’re charging over £900 per month for it!
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I presume that is the Volvo subscription service? Get onto a broker and I am sure you can do better on a normal PCP deal. I have an XC90 and the last time I looked they were doing about £10k off them.
 
will-w

will-w

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bigbob said:
I presume that is the Volvo subscription service? Get onto a broker and I am sure you can do better on a normal PCP deal. I have an XC90 and the last time I looked they were doing about £10k off them.
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Leases are still £850+. I guess they’re not very confident of their residuals.

Edit: Actually if you adjust the mileage to a reasonable figure and add maintenance it works out over £100 a month more (£1,073 a month?!)
 
B

bigbob

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will-w said:
Leases are still £850+. I guess they’re not very confident of their residuals.

Edit: Actually if you adjust the mileage to a reasonable figure and add maintenance it works out over £100 a month more (£1,073 a month?!)
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I am paying sub £600 for my 90. I guess the market has changed….vote with your feet.
 
gb-gta

gb-gta

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Never been into the pcp thing. I know sometimes, a while ago now, there were ‘deals’ which seemed cheap even compared to buying second hand, those days are long gone. But also I’ve never been a new car buyer either anyway, always tending to buy used. Guess manufacturers are not interested in me, so I guess my opinion is irrelevant when it comes to new cars!

But, we are getting a new car soon, a GR86. I could see this was going to be a great new buy for an old school ‘car guy’, hardly any electronic nonsense, nothing with the word ‘assist’ attached to it, no park assist, high beam assist, lane departure assist, etc etc. it’s like an admission you can’t be ars@d to pay attention whilst driving, just use your eyes ffs!

Manual gearbox, manual handbrake, no turbos, I’m really looking forward to it. I am certain it will be the last new car we buy as I’m just not interested in the new gps controlled, government monitored auto only/electric way the industry is going.

I am officially a grumpy old Luddite!
 
Wattie

Wattie

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gb-gta said:
hardly any electronic nonsense, nothing with the word ‘assist’ attached to it, no park assist, high beam assist, lane departure assist, etc etc. it’s like an admission you can’t be ars@d to pay attention whilst driving, just use your eyes ffs!

I am officially a grumpy old Luddite!
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I see your point but I’d argue that modern cars are way safer as a result of all the electronic paraphernalia.
I like knowing the cars playing its part in keeping us all safer.
Anyway, I have to go….. gotta get up off this damned seat to change the tv channel. Gotta use the legs ffs!
 
damnawivdaplan

damnawivdaplan

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will-w said:
Leases are still £850+. I guess they’re not very confident of their residuals.

Edit: Actually if you adjust the mileage to a reasonable figure and add maintenance it works out over £100 a month more (£1,073 a month?!)
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try leaseloco mate, it tells you with handy score on the side how good of lease deal that they are offering.
 
safrane

safrane

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bigbob said:
I presume that is the Volvo subscription service? Get onto a broker and I am sure you can do better on a normal PCP deal. I have an XC90 and the last time I looked they were doing about £10k off them.
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Thier offer is presently to get the next model up for a free upgrade. (well you know what I mean).

Not interested in changing mine as they only do black or white interiors... prefer my amber one.
 
Scaf

Scaf

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will-w said:
You really don’t want to buy either of those! Their mild hybrids catch fire, their plug-in hybrids weigh so much that the range is laughable and don’t get me started on electric.

You could always buy diesel and wait for the <oil dilution/dpf failures/engine failure> to come knocking :D
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I won’t be buying electric for some time yet, my XJ diesel (late2019) will suffice for a good few years yet.
 
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c4sman

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The world is very much moving to a subscription model for just about everything and in time outright car ownership will be a thing of the past. People already lease/pcp/HP most cars and generally never own them outright so why not throw the same approach to the heating controls to make more money. With the exception of my first granturismo about 10 years ago I’ve bought all my cars outright for the last 20 years. Dealers always look at me sideways when my trade in has no outstanding finance and I don’t want finance for the new one because it’s so unusual.

I think as we pivot to electric cars a rental model makes even more sense due to battery lifecycles and even range issues. Companies that have subscription revenue models are often valued based on customer/subscription multipliers also great for your share price too as subscriptions are sticky and less volatile than year on year sales.
 
GeoffCapes

GeoffCapes

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c4sman said:
The world is very much moving to a subscription model for just about everything and in time outright car ownership will be a thing of the past. People already lease/pcp/HP most cars and generally never own them outright so why not throw the same approach to the heating controls to make more money. With the exception of my first granturismo about 10 years ago I’ve bought all my cars outright for the last 20 years. Dealers always look at me sideways when my trade in has no outstanding finance and I don’t want finance for the new one because it’s so unusual.

I think as we pivot to electric cars a rental model makes even more sense due to battery lifecycles and even range issues. Companies that have subscription revenue models are often valued based on customer/subscription multipliers also great for your share price too as subscriptions are sticky and less volatile than year on year sales.
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The guy at Mercedes who is sourcing our next family car reckons (like you) I am probably less than 0.5% of the people who buy their cars cash.
He was honest enough to tell me that he makes 4-5 times as much on a sale with finance as than he does with a cash buyer.
 
safrane

safrane

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Funny that you hear frequent moans that renting is so expensive and traps you into being unable to buy (your home), yet the same generation is so willing to rent/subscribe/on the never-never for everything else. When will people realise, they are just being fleeced by the banks and money men?

We still run our 20-year-old Mini as a daily, purchase price over that period is less than a mobile phone at c£50pcm.
 
Felonious Crud

Felonious Crud

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Do those who lament the gap between generations truly believe that all millennials / gen-z people are the same entitled, daft sods that the frequent generalisations would have us believe? Like any generation, there are savvy people and less savvy people. According to my memory, there was limited option for mobile phone contracts and car leasing when I was in my 20s so I didn't spend any money on those things. My own children, millennials both, also spend no money on those things because they buy a cheap phone outright, get a good SIM-only deal and don't drive because they don't need to. I don't believe they are uniquely smart in spending their hard-earned wisely.
 
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