29-11-2015, 09:42 AM
No-ones paying £15k for a £15k car though...
Majority are paying a relatively small amount of finance each month, low fuel bills (due to mileage caps and modern efficiency), low insurance (brand new cars cost sod all to insure even for a high risk like myself), no maintenance bills. Then they sell on the car when it still has a load of value left after a year or two. So the tax each month does make a massive difference.
It was actually gutting when I saw my Mums 3 year costs for a brand new car (bought outright, p/x'ing previous car) against my old Focus, even including depreciation she'd paid far less than I have for Focus/Vectra/many 306s in the same amount of time! New cars make a lot of sense if you can afford the original outlay and buy the right ones!
Majority are paying a relatively small amount of finance each month, low fuel bills (due to mileage caps and modern efficiency), low insurance (brand new cars cost sod all to insure even for a high risk like myself), no maintenance bills. Then they sell on the car when it still has a load of value left after a year or two. So the tax each month does make a massive difference.
It was actually gutting when I saw my Mums 3 year costs for a brand new car (bought outright, p/x'ing previous car) against my old Focus, even including depreciation she'd paid far less than I have for Focus/Vectra/many 306s in the same amount of time! New cars make a lot of sense if you can afford the original outlay and buy the right ones!