Brand New Car

[Gyawdyr]

How old were you when you bought your very first BRAND NEW car with your own money.  And what car model/how much did you pay for it?

[Kimmers]

I'm still riding around in my 1998 Mercury Tracer swag. Hoping to get a used BMW in the next year.

 

I don't think I'll ever buy a brand new car. The depreciation is just too much.

[dalekphalm]

9 minutes ago, Gyawdyr said:

How old were you when you bought your very first BRAND NEW car with your own money.  And what car model/how much did you pay for it?

I was 27 - it's my current car. A 2014 Jetta (Trendline+ trim package), 4dr 6-spd Automatic 2.0L engine. The car was close to $28K after taxes and fees. Got "free" Winter Tires (Free meaning of course they're still making profit off of me) and a 7-year/140,000 KM warranty, includes road-side assistance too.

 

1 minute ago, Kimmers said:

I'm still riding around in my 1998 Mercury Tracer swag. Hoping to get a used BMW in the next year.

 

I don't think I'll ever buy a brand new car. The depreciation is just too much.

That's true, but you also must consider other factors - cost of ownership over the lifetime of the car, how many issues you expect in regards to unexpected repairs, etc. A new car will pretty much just have regular service intervals, and shouldn't have any major issues for at least 5-10 years (Considering that the service schedule accounts for regular replacement of pretty much anything that would normally break in that time frame).

 

The car will also simply last longer, since it's newer.

 

A good thing to do though is to buy a certified used car that's only a couple years old (Often they are off-lease cars), you still get a warranty of decent length (often up to 4 or 5 years) and they're still new enough that you generally don't have to worry about unexpected repairs.

[Real_PhillBert]

26. I bought a 2016 Ford Focus ST just a few months ago.

Pics!

 



 



 

[TopDollar]

24. I bought a brand new 2015 Ford Fiesta ST about 13 months ago.

[BOT Edward]

3 hours ago, dalekphalm said:

I was 27 - it's my current car. A 2014 Jetta (Trendline+ trim package), 4dr 6-spd Automatic 2.0L engine. The car was close to $28K after taxes and fees. Got "free" Winter Tires (Free meaning of course they're still making profit off of me) and a 7-year/140,000 KM warranty, includes road-side assistance too.

 

That's true, but you also must consider other factors - cost of ownership over the lifetime of the car, how many issues you expect in regards to unexpected repairs, etc. A new car will pretty much just have regular service intervals, and shouldn't have any major issues for at least 5-10 years (Considering that the service schedule accounts for regular replacement of pretty much anything that would normally break in that time frame).

 

The car will also simply last longer, since it's newer.

 

A good thing to do though is to buy a certified used car that's only a couple years old (Often they are off-lease cars), you still get a warranty of decent length (often up to 4 or 5 years) and they're still new enough that you generally don't have to worry about unexpected repairs.

+1 to certified used car.

They generally have gone through the first few major services that cost a lot (for instance, checking of valve clearances/etc.)

You will save a jag load of money and still get the feel of a new car  

[MrDynamicMan]

2. Hotwheels Power transformer.

[ShadowCaptain]

6 hours ago, Gyawdyr said:

How old were you when you bought your very first BRAND NEW car with your own money.  And what car model/how much did you pay for it?

never bought a brand new car, and never will buy a brand new car, I will most likely always buy used cars

 

I DID buy my first motorbike brand new

 

1st motorbike, BRAND NEW Yamaha YBR125 - £2000 (I think)

2nd Motorbike - 2000 Suzuki SV 650, 20 - £2000

 

1st car, 18 - R Reg -VW Polo - £500

2nd Car 19 - 02 MG ZT 2.5 V6 £1500

3rd car, 21, 07 Audi A4 SE 170 for £11000

 

[LOLZpersonok]

I wouldn't buy a brand new car, it's just too much of a hassle especially once the warranty is over, where everything starts to break down. I know, I know. Completely irrelevant but I thought I'd throw in my two cents anyways (not that anyone really cares, though).

[Real_PhillBert]

19 minutes ago, LOLZpersonok said:

I wouldn't buy a brand new car, it's just too much of a hassle especially once the warranty is over, where everything starts to break down. I know, I know. Completely irrelevant but I thought I'd throw in my two cents anyways (not that anyone really cares, though).

So you wouldn't buy a new car because things can start to break down after the warranty, but will buy a used car with more wear on it and less or no warranty?

 

There are a lot of reasons not to buy a brand new car, but this one doesn't even make sense. 

[dalekphalm]

25 minutes ago, LOLZpersonok said:

I wouldn't buy a brand new car, it's just too much of a hassle especially once the warranty is over, where everything starts to break down. I know, I know. Completely irrelevant but I thought I'd throw in my two cents anyways (not that anyone really cares, though).

 

4 minutes ago, Real_PhillBert said:

So you wouldn't buy a new car because things can start to break down after the warranty, but will buy a used car with more wear on it and less or no warranty?

 

There are a lot of reasons not to buy a brand new car, but this one doesn't even make sense. 

Indeed. If things breaking down after the warranty ends is something you would worry about, then you should either:

1. Lease your cars, and never actually have to deal with out-of-warranty issues, or

2. Simply sell your car right as the warranty expires, and buy something newer.

 

Things start to break down much sooner in a used car of comparable quality, since, it's - you know - older.

[LOLZpersonok]

13 minutes ago, Real_PhillBert said:

So you wouldn't buy a new car because things can start to break down after the warranty, but will buy a used car with more wear on it and less or no warranty?

 

There are a lot of reasons not to buy a brand new car, but this one doesn't even make sense. 

Yeah, because I'm clearly the most logical person ever.

 

But in all seriousness I have zero trust in the reliability of new cars nowadays. I trust used and well-maintained cars (like mine) far more because we don't often have issues. With a new car, you'll be making payments every month and then you'll start having expensive issues in a few years and need to get a new car unless you want to keep replacing various things. From what I've been told, the companies want you to keep making payments. I've got a 2000 Buick Century and the only work it's needed in the past four or five years I've possessed it was a new front right control arm and set of tires, both entirely my fault because I'm an idiot and hit the curb a while back. Plus, my dad's a mechanic and he clearly has no trust in new cars (especially after they're a few years old) and I guess I follow in that regard, the exception being I'm not a mechanic and am not interested in that field of technology. I think that new cars are more expensive than old cars in every regard with the exception of perhaps fuel economy, and my car isn't bad on gas at all.

 

You'll find that I'm not the sharpest tool in the shed, but don't bring it to my attention because I already know that, thank you very much.

[Speedyv]

Only reason I'd buy a brand new car is if I want a car from a brand with a reputation for bad reality. But then again, I probably wouldnt buy the car in the first place...

[dalekphalm]

25 minutes ago, LOLZpersonok said:

Yeah, because I'm clearly the most logical person ever.

 

But in all seriousness I have zero trust in the reliability of new cars nowadays. I trust used and well-maintained cars (like mine) far more because we don't often have issues. With a new car, you'll be making payments every month and then you'll start having expensive issues in a few years and need to get a new car unless you want to keep replacing various things. From what I've been told, the companies want you to keep making payments. I've got a 2000 Buick Century and the only work it's needed in the past four or five years I've possessed it was a new front right control arm and set of tires, both entirely my fault because I'm an idiot and hit the curb a while back. Plus, my dad's a mechanic and he clearly has no trust in new cars (especially after they're a few years old) and I guess I follow in that regard, the exception being I'm not a mechanic and am not interested in that field of technology. I think that new cars are more expensive than old cars in every regard with the exception of perhaps fuel economy, and my car isn't bad on gas at all.

 

You'll find that I'm not the sharpest tool in the shed, but don't bring it to my attention because I already know that, thank you very much.

The thing is, even if you believe that modern cars are all super unreliable compared to older used cars - well you'll only be able to do that so long until those "old reliable" cars are simply too old to be practical, be it difficult to find parts, or more likely, they're simply past their expected life and you're gonna need to start doing major jobs like replace transmission, replace parts of or the entirety of the engine, etc.

 

I had a 1999 Buick Regal, which shares the same body and many of the same parts as a 2000 Century, and that car was a bitch to maintain. Things started breaking every few months, and since I'm no mechanic, that means a repair bill every time that happens. The fuel economy was also awful, but that was mostly because it was the 3.9L V6 model.

 

A well maintained new car should be just as good as a well maintained old car. You obviously need to still buy a reliable car. There were old duds, just as there are new duds.

 

With a new car, you're only making payments if you get a car loan. If you save up and just pay cash? That car is yours, with no payments. Furthermore, you can choose the length of your car loan anyway. If you wanna pay it off in 2 years - sure. 5 years? Yep. Your choice. Of course a company wants you to make payments, but the dealers themselves would MUCH RATHER you pay upfront in cash. You can often get a steep discount if you walk in with $15K (or whatever) and say, I want that car, right now, here's the money.

 

If your brand new car is having issues within a few years, those issues will more than likely be covered by the warranty anyway. Most new cars have a minimum of 4 year warranty. Some brands even come with unlimited mileage warranties (Mazda, for example), and you can get extended warranties for often up to 10 years.

 

I personally don't trust older used cars at all. I've seen way too many that start to just have parts die left and right after a certain point. I would also never buy a car without a warranty - used or new. I'm not a mechanic, so I need that reliability and that safety net in case something does break.

[djsoggy1234]

the newest vehicle i have owned (and still do) is my 08' ktm 125sx,

past bikes have been 80s hondas (xr80)

[deVIZtation]

I was 23. Bought a 2010 Jeep Patriot for about $18K after trading in my 1995 Jeep Grand Cherokee because it was getting too much to repair. I would never buy a new car again, love buying used. I think I bought it during the whole Cash for Clunkers thing back in the day.

[WolfDeville]

I was 17. Lamborghini Aventador. My daddy got it for me.

[LOLZpersonok]

On 2016-06-03 at 9:56 AM, dalekphalm said:

The thing is, even if you believe that modern cars are all super unreliable compared to older used cars - well you'll only be able to do that so long until those "old reliable" cars are simply too old to be practical, be it difficult to find parts, or more likely, they're simply past their expected life and you're gonna need to start doing major jobs like replace transmission, replace parts of or the entirety of the engine, etc.

 

I had a 1999 Buick Regal, which shares the same body and many of the same parts as a 2000 Century, and that car was a bitch to maintain. Things started breaking every few months, and since I'm no mechanic, that means a repair bill every time that happens. The fuel economy was also awful, but that was mostly because it was the 3.9L V6 model.

 

A well maintained new car should be just as good as a well maintained old car. You obviously need to still buy a reliable car. There were old duds, just as there are new duds.

 

With a new car, you're only making payments if you get a car loan. If you save up and just pay cash? That car is yours, with no payments. Furthermore, you can choose the length of your car loan anyway. If you wanna pay it off in 2 years - sure. 5 years? Yep. Your choice. Of course a company wants you to make payments, but the dealers themselves would MUCH RATHER you pay upfront in cash. You can often get a steep discount if you walk in with $15K (or whatever) and say, I want that car, right now, here's the money.

 

If your brand new car is having issues within a few years, those issues will more than likely be covered by the warranty anyway. Most new cars have a minimum of 4 year warranty. Some brands even come with unlimited mileage warranties (Mazda, for example), and you can get extended warranties for often up to 10 years.

 

I personally don't trust older used cars at all. I've seen way too many that start to just have parts die left and right after a certain point. I would also never buy a car without a warranty - used or new. I'm not a mechanic, so I need that reliability and that safety net in case something does break.

I am laughing so bloody hard right now and I don't know why.

[JR1911]

I was 29 when I bought a new Ford Fiesta in 2009 (1.4 96hp Ghia) which is the car I still own, but just last week I bought a new 2016 Fiesta (1.0 100hp EcoBoost Titanium) which I should get in about a month or so. I didn't think I'd ever buy a brand new car again, but a friend of mine works at the car dealer and he made me an offer I couldn't refuse

[Sintezza]

Buying a brand new car is one of the worst investments you could ever make according to depriciation.

Better buy a car thats arroud 3 years old, then your depreciation wont be that big anymore.

[dalekphalm]

17 minutes ago, Sintezza said:

Buying a brand new car is one of the worst investments you could ever make according to depriciation.

Better buy a car thats arroud 3 years old, then your depreciation wont be that big anymore.

If your intention is to resell the car afterwards and recoup some of the initial investment, then yes.

 

But a car is NEVER an "investment", unless you happen to buy a car that will be considered a classic in 20+ years.

 

Buying a new car can make sense, but often getting one that is a year or two old instead can be a better deal. It basically just comes down to is the initial "new car" fee worth the fact that it'll be longer before major maintenance is needed (plus whatever kind of warranties you may get).

 

Buying really old cars though is not necessarily a good idea either. If you can afford it, I generally recommend buying a car that's no more than 5 years old, that's been treated well. That way it's still fairly new, and it'll still last you a good 5+ years before maintenance becomes insane.

[Sintezza]

22 minutes ago, dalekphalm said:

If your intention is to resell the car afterwards and recoup some of the initial investment, then yes.

 

But a car is NEVER an "investment", unless you happen to buy a car that will be considered a classic in 20+ years.

 

Buying a new car can make sense, but often getting one that is a year or two old instead can be a better deal. It basically just comes down to is the initial "new car" fee worth the fact that it'll be longer before major maintenance is needed (plus whatever kind of warranties you may get).

 

Buying really old cars though is not necessarily a good idea either. If you can afford it, I generally recommend buying a car that's no more than 5 years old, that's been treated well. That way it's still fairly new, and it'll still last you a good 5+ years before maintenance becomes insane.

 

Thats correct however what i was trying to say is that most cars depreciate the hardest in the first 3 years of its life cycle.

If you buy a new car from lets say $35K then after 3 years you want to sell it or exchange it for a new one car again.

Its very likely that you will get less then $18K back.

depending on millage.

So thats a huge depriciation on those 3 years.

 

And then i´m not even talking about the new car fee that you also need to calculate in aswell for some countries.

Because that is also additional money you loose.

And if you buy a 2 or 3 year old car, then you basicly save that additional money.

Because the former owner payed that for you in most cases.

[Bazadar]

Only ever had used cars. Car i love to buy new right now would be the new Ford Focus RS... 

 

Current car is a Ford Mondeo