I wouldn't, not that there's anything particularly wrong with the car, but the X- and S- Types value drops like a stone, particularly as the newer Jags have been about for a few years. 

Sorry for delayed reply.

 

We both like the "classic" shape / styling of the S-type & being a diesel it wouldn't be that quick, but fuel costs are going to be lowish.

 

Not so sure what we'd use it for though, it's a bit too old for a continental vacation, a bit cumbersome as a shopping trolley, maybe just the odd weekend away perhaps.

 

As for depreciation, I tend to write-off the money when I buy a car, so I'd not worry about what it's value might be if we decided to sell it.

 

(Age-related thinking here, I doubt if I'm going to be alive in 10 years time, so I may as well spend some of the cash pile on me now rather than

fritter it away in a care home.........)  

 

DC

When I see someone fuelling their ego by showing off a new Audi/BMW/Merc I tend to just think they have a self esteem problem.

Otherwise they wouldn't need the appreciation from others who they rarely ever communicate with.

It's a car and financed. You are the dog's danglies, truely epic. Is that want you wanted to hear

A lot of the audi/bmw/merc's are company cars though. So although theyre paying more to have them over a cheaper car, they arent suffering the depreciation like me, you and the rest of the cash buyers.

If i had a company car with my job, and spent alot of time driving. Id be inclined to pay a little extra for something really nice tbh.

Edited 28 May, 201412 yr by Otaylor38

Richard- reading one of your particular the fiesta ST2 & this one it sound like you have reached a light bulb moment that life priorities for you are now different ( or to put it bluntly - you are maturing your outlook on life    )

<snip>

 

When my children were growing up we could only afford 2nd hand cars which we had to keep till they were no longer financially viable, we are now at an age where we can afford new, but not at any expense of making it financially difficult for ourselves.

I am however under no illusion that this can not go on, I fully expect that in 4-8 years time finances will dictate differently, & that any new car after this one WILL be the last, so it will have to be suitable for our needs to last.

 

Saying you expect your finances to change in 4-8 years so you'll blow £25k+ now on a new Skoda which will lose upto £15,000 in four years and then are thinking of buying another new one to last I am quite frankly baffled by.

That's over £300 per month.  For the next four-eight years.

As long as you are happy that's all that matters Steve.

It's your money and I know you've worked hard for it and as people say, you can't take it with you!

What I am trying to get my head round is the appeal of a new car, which does the same job as a used one.  If you know what I mean.

(this isn't a dig, just an observation)

A used one doesn't mean out of warranty either.

 

I can't really criticise as I've spent a fair bit more over the last three years or so! :peek:

A few months back I'd have considered that normal.

 

I'm bringing my retirement forward to 45.

Anyone want a nice Citigogo?

When I bought the Monte, I wanted a specific colour and options and the difference between a used ith 10k and a brand new one was only £500 (due to the 0%vat) so it was kind of a no brainer. we did make a mistake on the yeti as we realised afterwards we could have spec'ed a Roomster how we wanted rather than having the Yeti Adventure, and the Roomster would have been more exclusive. when we got both cars we only ttok the finance to get the free servicing, then paid it off after that. Would have liked to buy a new motorbike but 17k with options is a bit steep.

 

 

I'm bringing my retirement forward to 45.

Anyone want a nice Citigogo?

 

Finish it first and I'm sure there will be plenty of takers, I'm in the queue when/if it happens

Saying you expect your finances to change in 4-8 years so you'll blow £25k+ now on a new Skoda which will lose upto £15,000 in four years and then are thinking of buying another new one to last I am quite frankly baffled by.

That's over £300 per month. For the next four-eight years.

As long as you are happy that's all that matters Steve.

It's your money and I know you've worked hard for it and as people say, you can't take it with you!

What I am trying to get my head round is the appeal of a new car, which does the same job as a used one. If you know what I mean.

(this isn't a dig, just an observation)

A used one doesn't mean out of warranty either.

I can't really criticise as I've spent a fair bit more over the last three years or so! :peek:

A few months back I'd have considered that normal.

I'm bringing my retirement forward to 45.

Anyone want a nice Citigogo?

If anyone is serious about genuinely retiring at an earlier point than normal I would peruse some of the stuff on this guy's site. Although I have picked out 2 blogs of his(?) that i think fit within some of the points made here.

http://www.retirementinvestingtoday.com/2012/09/its-just-cup-of-coffee-more-on-compound.html

http://www.retirementinvestingtoday.com/2013/02/debt-instant-gratification-vs-long-term.html

Compare £60 a month on coffee versus £200+ a month in car depreciation...

FWIW, this blogger doesn't own any property either.

As for me, I suppose I bought new because I could but I don't think it was a vanity purchase and I've now had it 8 years and done 100,000 miles because that's how I roll

I don't suppose I'll buy new again any time soon although its possible I might spend a similar amount but I've no plans to.

I'm starting to see the point of a new car after limping to a nearby garage running on 2/3 cylinders! I carry tools and consumables around with me I.e. Spark plugs & oil etc changed the sparks and not a difference! Then again I suppose you get faults like this with new cars like the big DSG issue

I'm starting to see the point of a new car after limping to a nearby garage running on 2/3 cylinders! I carry tools and consumables around with me I.e. Spark plugs & oil etc changed the sparks and not a difference! Then again I suppose you get faults like this with new cars like the big DSG issue

 

With an older car at least you can do that stuff without being told you've void'd the warranty! Same with self servicing etc. you only have to answer to yourself and any perspective buyers, which, if its bangeromic, will probably not bat an eye lid. I like being able to do bits myself, its part of the enjoyment of owning a car.

A lot of **** swinging and woe is me stories in here.

Why is it a bad thing if people want to 'waste' money on new cars? Maybe some of those people have saved up for years to buy a brand new version of their favourite car? Maybe they can afford the monthly payments and want a new car every 3 years? Maybe they have money to burn? The real problem I think lies with the people who don't have the financial situations of a lot of these people, or do not want to be under the financial strain to own these cars and are envious enough to be baffled by the thought of losing money.

I think 99% of people buying a brand new car for personal use are aware that it will lose money.

At the end of the day, it doesn't matter. If they want to spend on the latest and greatest, then go for it.

I did start buying new back in the 80's but used cars back then were more problematic than today, especially run of the mill family cars. My last new car was a Honda civic on an L plate, ever since I have found ex demonstrators, pre reg, ex lease cars up to 8-9 months old. My current Superb was a 3 month old for 19k, my other car, a focus bought in Jan 09, was 9 months and 5k miles (mk2 fl tdci titanium with 18" wheels) for 10.5k.     

Personally I would never buy a new car (unless I won lotto) but I think the only real justification is the fact that you get to choose the colour and the options and it's more convenient than shopping round or travelling long distances.

Can't knock it though. Without people buying them new then there will be no used cars for us to buy.

I don't mind shopping around myself and think it part of the fun of swapping    I must admit that as a self confessed petrol head there is nothing like picking up a new car from the dealer  :sun: but when you work out that after the first year the depreciation would have paid for a new garage roof, block paved patio and a week away somewhere sunny in a nice hotel it does make you think.   

I think one of the major factors today is that you can buy a 10 year old car, and experience trouble free motoring. But in the past (before my time...), I'm lead to believe that cars started to get pretty unreliable after 5 years (unless it was a BL, in which case it was never reliable).

 

Of course you can get lemons, old and new.

My last car was a 5 year old BMW Z4 and that worried me in terms of its durability and potential for big bills. I bought my Roomster SE for £9900 brand new and am pleased I did. I am happy paying my monthly finance knowing I have a new(ish) car. Advantages over a nearly new? Few really but it is nice to know that the tyres are unworn, there is a full and very comprehensive warranty in place. Does it bother that I will sell the car before I pay for it in full or have a substantial amount of equity? No, not at all.

I'm sorry, I'm generally accepting of peoples reasons for doing things. Each to their own and all that, but buying a £9900 car and listing 'It had new tyres' as the first point really made me laugh! 

Depends. If they bought them from Kwik Fit, that's probably half the price of the car.

 

They quoted me £78 for a "mid range" 195/65/15 (very, very common size) the other day, still haven't got over that