[Technology] Buying a new car

[Springal]

Bad time to be buying a new car the moment, demand is outstripping supply (generally) coupled with high interest rates to cover 'risk' once Furlough ends / brexit etc.

I say this as someone with a very good deal on an Audi that ends in December. I've managed to extend on the same terms for 6 months but even that looks like it is fast approaching

 

[Weststander]

I do love the smell of a new car, and you're right re the spec. I got mine new on a 4 year PCP which is up in a few months. Really don't know what to do - make the balloon payment and keep it, hand it back and start again (I'll have a chunky excess mileage charge as well as circumstances dictated I did a lot more miles than expected but there will no doubt be bargaining room with the dealer if I stick with them) or hand it back, pay the charge and get a different make................

We were looking at getting an electric to replace the Mrs' runaround, but the cost of the cars are eyewatering - for in our case something that would be doing 2-3000 miles a year (maybe a few more if I make some use of it). It'd never come close to being paying for itself for us.

My car's contract is up next March. I seriously thought about 'green' alternatives, but none just now meet my fancy or requirements including an SUV with a decent boot. So it's back to petrol (often poor real world mpg), or the dreaded diesels but now at Euro 6 emission standards. I'm tempted to go down the latter route for now, then in 4 years time the choice of green alternatives should be far wider.

 

[dazzer6666]

Bad time to be buying a new car the moment, demand is outstripping supply (generally) coupled with high interest rates to cover 'risk' once Furlough ends / brexit etc.

I say this as someone with a very good deal on an Audi that ends in December. I've managed to extend on the same terms for 6 months but even that looks like it is fast approaching

Being quoted 2.9% (illustration only, obviously) in the bombardment of offers I'm getting atm from my dealer.........................

 

[Springal]

Being quoted 2.9% (illustration only, obviously) in the bombardment of offers I'm getting atm from my dealer.........................

Of course there is always exception to the rule, but also if they are using a low APR %, then they are probably not discounting as much off the total price. It is all swings and roundabouts but the cost to the manufacturers will always stay the same.

 

[BLOCK F]

Or more specifically, two new cars. I’m due to change both my wife’s car and my own early next year, but for the first time I’m really scratching my head as to what to go for.

Currently, I have a 3.0 diesel Jaguar F-Pace and my wife has a petrol Corsa. When I bought my last car, I swore I wouldn’t have another diesel but the deal was so attractive I couldn’t resist. However, if 2020 has taught me anything it’s that the world is a better place when it’s not completely fúcked and so concern for the environment has probably reached a turning point in my mind.

The trouble is, petrol cars appear to be seen as just about as evil as diesel now, and electric cars are expensive as hell with nascent technology and limited infrastructure to support their use.

So, what to do? I can probably do without an SUV now the kids have outgrown their pushchairs, but beyond downsizing I’m not sure where to go.

Economically and morally speaking, what should I buy?

You're a brave fellow asking for advice on buying a new car on NSC.
Depending on who reads the thread you will be compared to the devil incarnate by some on here.
OK, I'm joking, but only a little bit.

 

[BLOCK F]

Building new cars uses massive amounts of resources, and is hardly good for the environment. Buy a decent second hand one - maybe one that's been let go by one of those environmentally unaware pr@ts that thinks they need a brand new car every two or three years.

Best not come out with those sentiments in the Albion changing room.

 

[Lady Whistledown]

That's what I'm hoping/expecting..................it'll be 5-6k over by the time the contracts up probably so £600ish (not a big amount in the context of negotiating a new deal)

I think mine was (or would have been) charged at 6p per mile, so more like £300 - £360 hopefully. Definitely within the dealer's remit to overlook if you sign up for a new one.

I insisted on a full tank of fuel when agreeing to buy my new car- picked it up, drove it off and only then spotted that it only had a quarter of a tank in. Drove it straight back into the dealer: "Oh goodness me: we forgot!". Of course you did, chaps. Of course you did

 

[dazzer6666]

I think mine was (or would have been) charged at 6p per mile, so more like £300 - £360 hopefully. Definitely within the dealer's remit to overlook if you sign up for a new one.

I insisted on a full tank of fuel when agreeing to buy my new car- picked it up, drove it off and only then spotted that it only had a quarter of a tank in. Drove it straight back into the dealer: "Oh goodness me: we forgot!". Of course you did, chaps. Of course you did

Of course
My excess is 10p a mile

 

[Paulie Gualtieri]

London is mess now Park Lane used to be three lanes now we have a full lane for cyclists, a bus lane and one for traffic. Once the world gets back to normal London will grind to a halt just to accommodate non road tax paying cyclists

Don’t get me started!


Sent from my iPhone using Tapatalk

 

[WATFORD zero]

I know I'm a little old fashioned, but does anybody earn the money first, buy and own a car anymore ?

And I know I'm now going to get inundated with all the wonderful 'financing deals' around which all the finance providers/car manufacturers do out of the goodness of their hearts to 'save me money'

 

[Chicken Run]

I know I'm a little old fashioned, but does anybody earn the money first, buy and own a car anymore ?

And I know I'm now going to get inundated with all the wonderful 'financing deals' around which all the finance providers/car manufacturers do out of the goodness of their hearts to 'save me money'

First you get the money, then you get the car and then you get the woman.

 

[Bold Seagull]

First you get the money, then you get the car and then you get the woman.

Who does it best, Montana or Simpson?

 

[Originunknown]

That's what I'm hoping/expecting..................it'll be 5-6k over by the time the contracts up probably so £600ish (not a big amount in the context of negotiating a new deal)

You say you're on PCP but if you're trading it in then excess mileage charges aren't payable. The dealership pays the final payment to settle the agreement assuming sufficient equity in the vehicle.

High mileage could only impact the trade in price you are offered.

 

[dazzer6666]

You say you're on PCP but if you're trading it in then excess mileage charges aren't payable. The dealership pays the final payment to settle the agreement assuming sufficient equity in the vehicle.

High mileage could only impact the trade in price you are offered.

Well they called it a PCP deal.....I paid a deposit, plus a 4 year finance term, and there’s a balloon payment at the end (or I hand the car back). Excess mileage charge applies if it’s more than the agreed figure (32k in my case) if I hand the car back.

I

 

[bhanutz]

Of course
My excess is 10p a mile

Don't worry... If you are buying with them again, they won't enforce it... I changed mine last March with the same dealer and I was 20k over the mileage on the car I was giving back... Didn't say a word.

 

[dazzer6666]

Don't worry... If you are buying with them again, they won't enforce it... I changed mine last March with the same dealer and I was 20k over the mileage on the car I was giving back... Didn't say a word.

Thanks....quite likely I will stay with them anyway but good to know. Suspect it’s only enforced if you go elsewhere.......

 

[Originunknown]

Thanks....quite likely I will stay with them anyway but good to know. Suspect it’s only enforced if you go elsewhere.......

There is nothing to 'enforce' if you are part-exchanging the vehicle.

Misinformation in these last posts.

You can usually part exchange through another dealer or group too unless there are some nasty clauses in your finance agreement.

Giving the car back to the finance company and trading the vehicle in part ex against a new PCP or cash purchase are two different things.

The dealership is not a finance company, it's a broker. Excess mileage is only payable to the finance company if the vehicle is returned to them, as would costs for damage, lost keys, no service history.

A dealership will offer a trade in price and buy you out of the finance agreement. This usually results in a small amount of positive equity above the balloon payment towards another deposit. Any excess mileage is irrelevant as the car will then be re-sold or sent to auction.

 

[dazzer6666]

There is nothing to 'enforce' if you are part-exchanging the vehicle.

Misinformation in these last posts.

You can usually part exchange through another dealer or group too unless there are some nasty clauses in your finance agreement.

Giving the car back to the finance company and trading the vehicle in part ex against a new PCP or cash purchase are two different things.

The dealership is not a finance company, it's a broker. Excess mileage is only payable to the finance company if the vehicle is returned to them, as would costs for damage, lost keys, no service history.

A dealership will offer a trade in price and buy you out of the finance agreement. This usually results in a small amount of positive equity above the balloon payment towards another deposit. Any excess mileage is irrelevant as the car will then be re-sold or sent to auction.

I won’t have anything to part-exchange........the balloon price will be (probably) more than the car’s value.

 

[Originunknown]

I won’t have anything to part-exchange........the balloon price will be (probably) more than the car’s value.

If you are in negative equity with it, and you won't know until you get some trade in valuations, then maybe another PCP isn't for you.

Good luck with it, some places will be keen to do a new deal therefore will offer generous part ex which could cover the final payment, shop around.

 

[dazzer6666]

If you are in negative equity with it, and you won't know until you get some trade in valuations, then maybe another PCP isn't for you.

Good luck with it, some places will be keen to do a new deal therefore will offer generous part ex which could cover the final payment, shop around.

Will do......tks. It’ll be borderline I suspect with balloon payment being more or less current value - certainly don’t expect to be making anything and never did at the end of 4 years so the PCP concept is ok (I couldn’t get anywhere near the deal they were offering at the time by paying cash, which I still find odd).

Not overly bothered as it’s been great to drive but want something a bit different next time (estate instead of a saloon). Will try the original dealers first and see what they come up with.