Why do people buy new cars??

[volvorocks]

Same reason as women spend £500 on a handbag when a £20 one from Asda will do the trick!!

[adambsmith]

Originally Posted by 155mph

Because I can.

Plus one and because I want to and choose to do so.

What I do with my hard earned cash is my business and no-one else's.

[MikeIOW]

I'd do whichever feels right....if the deals there

There is always the Bernie Ecclestone opinion: “Marriage is like going to the nick. Not very exciting. If it flies, floats or fs, rent it”

[Mrjon]

Originally Posted by GMcL

I'm not serious Mrjon. I've got a GSX-R750 L1 and the misses has a CBR600 FV which I call the tourer because it's bigger than my Gixer ;-)

I'm taking my bike out tomorrow for a blast, blow the cobwebs off and test the saddle bags I've bought for my ahem... tourer. I like to go places then go for a proper ride when I get there and remove all the junk I have to carry.
I took the winter cover off and found it had scratched the screen and tank. Not happy. This has been in the garage since November. Wind blasts must have been getting through the main door.

Not nice getting scratches. Still too much salt on the roads where I am to contemplate a serious ride,despite my best thorough cleaning one of my bikes got a bit furry last year,so not doing that again.

[Considered1]

Originally Posted by Trigger001

For me depreciation is a huge factor in buying new. I would rather buy used and spend the money I save on upgrades. Also brand new cars become secondhand very quickly what with new registrations every six months (in the UK at least) so the ''snob'' value of buying new is soon lost. As for personal leasing, a friend pays £250 a month for a 1 series BM, is contracted to do so for three years then has to pay 8 grand to get out of it or enter into a new contract. Doesn't sound like happy motoring to me!

There is no end payment on contract hire they just come and collect it
PCP has balloon payment as an option to purchase or re-finance.

[844PHW]

Just thought I would check actual depreciation figures for my XC60. Over three years it is not the 50% that has been alleged. More like in round figures, 20% against resale value, 25-30% as trade-in. Those figures are with respect to what I actually paid for the vehicle, not the list price.

[cheshired5]

Considering the thread is asking why people BUY new, I don't actually see a lot of actual buying.
I see leasing, renting, hire purchasing...... but not genuine buying where no third party has a lien on your car.
A more interesting question would be, Who actually owns their new car?

[MikeIOW]

I do !
(although I will be hopefully moving to the XC60 fold soon, so that will change....over to Volvo 0% finance!)

[tem]

Originally Posted by cheshired5

Considering the thread is asking why people BUY new, I don't actually see a lot of actual buying.
I see leasing, renting, hire purchasing...... but not genuine buying where no third party has a lien on your car.
A more interesting question would be, Who actually owns their new car?

I normally own my car outright, but the 0% interest loan over 2 years, with no strings attached, seems to good to miss.

tem.

[Crockers]

Me too. Why spend your own money when there's 0% available