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Thread: Why would you buy a brand new Vauxhall?

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    Regular Member Faz's Avatar
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    Default Why would you buy a brand new Vauxhall?

    As much as I love Vauxhall and the Vectra.. I really can't figure out the logic behind buying a brand new one.

    My Vectra C would have cost £18K or thereabouts in 2003.. now it's worth about £5k. In 3.5 years, it's lost £13k in value!! Depreciation is as steep as Mt. Everest... to those people who bought their Vectra's new.. didn't this bother you much?

    If I ever buy a brand new car, it would have to be from a manufacturer whose residuals hold up well with time, otherwise it's as bad as throwing money away imo.

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    [Ex]Admin Duncan's Avatar
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    Not just Vx - there's plenty of other makes/models that drop like a stone, even 'prestige' marques.

    I've never bought a new car for that simple reason of losing sooo much money in the first year. It'd take something special for me to buy any car new.

    D

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    Regular Member AndrewTi's Avatar
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    Bought mine at a year old for £11000. List price was approx £18500.

    That's why you buy these things on finance, it works out a bit like renting it for £250 a month, plus at the end of the term, it's worth a deposit on the next one.

    Depreciation happens. Just have to live with it! That's how I justify it to myself and that's why I refuse to worry about it!

    Still won't buy a brand new one though!! Year old is about right for me!

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    Regular Member Meriva OPC's Avatar
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    I know its not Vauxhall but I spent my Bank holiday Monday test driving an Ex police Volvo V70 T5 02 plate and 03 plate. both were at £4200 and although high mileage they were both mint condition.

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    Totally agree, inless i was minted i would never buy a brand new car. 10 months old or there about's is just right imo.

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    Regular Member Flaninacupboard's Avatar
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    You only "lose" money if you sell it. And first year depreciation is a bit misleading, my elite says £21K in the book, i paid £16k.

    I intend to keep the car for 10+ years, i will know exactly what has been done when, by whom and why. I enjoy a long worry free period (three year of warranty and not MOT) and then hopefully it won't be too expensive till the ten years are up. I also got to pick my spec, my colour, when i wanted with no hassle.

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    I've only ever bought one new car. It was a 51 plate Astra SRi 1.8 3 door. This was when the dealers still made a big deal about the launch of a new registration and we picked it up at midnight with a bit of a party. Champagne for the missus and non alcoholic drink for me, plus a buffet and a chance to meet all the servicing / after sales staff.

    The benefit is that you can add the toys you want to and get a tailor made car for you, but the depreciation is a killer. However if you're planning on keeping the car for a decent length of time it's worth the hit.

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    One of my colleagues bought an Audi A4 Cabrio for £28000 two years ago. Sold it today for £17,500. £10500 in 2 years on a quality motor.
    (£400 per month depreciation!!)

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    Ex Vec-C Admin Stevel's Avatar
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    cos I got 27% off the list price through the partners scheme. Have bought 4 new cars now. However without the discount I wouldn't go near the dealers.

    All my motors before were from Car supermarkets.

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    Regular Member Karl's Avatar
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    I bought the wife's Nissan Note new, bought it new because I wanted the spec and colour I wanted, and the Nissan Friends and Family discount (takes away 1st year depreciation!). Also, it means I now have a car that is reliable and warrantied for 4 years (extended warranty from new) so I know what I'm paying for it.

    My next private purchase will be from an auction though, and the car will be no more than 18months old if I can help it

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