julesbyghia Posted March 13, 2009 Report Posted March 13, 2009 Just thought everyone should know this before they part with their money. Evert year we change our cars, last year we decided to try Fords for a change, I bought a 2.2TDCI ghia X with lots of toys for Quote
searcher Posted March 13, 2009 Report Posted March 13, 2009 OOh thanks for that, i was just about to pop out this afternoon to spend Quote
julesbyghia Posted March 13, 2009 Author Report Posted March 13, 2009 (edited) OOh thanks for that, i was just about to pop out this afternoon to spend Edited March 13, 2009 by julesbyghia Quote
seatkid Posted March 13, 2009 Report Posted March 13, 2009 Please dont post several copies of the same thing on this forum. Once is quite enough. I dont know how you managed to spend Quote
Bigjeeze Posted March 13, 2009 Report Posted March 13, 2009 I think that you need to consider a couple of factors here - The first is VAT, the second purchase tax and of course the last being the general fall in the value of cars due to the current situation. Add to that the fact that Ford have never been good on residual values and you come up with your problem. I would not buy a new car at all - always one with small mileages on as this reduces significantly the amount of taxes paid as this forms the biggest part of the depreciation Quote
seatkid Posted March 13, 2009 Report Posted March 13, 2009 (edited) Why is this thread in the technical section?Its not even a mk1/2. Edited March 13, 2009 by seatkid Quote
Mirez Posted March 13, 2009 Report Posted March 13, 2009 One should never use "investment" in a car related discussion! :blink: Coupled with the points above, a general lack of people who can afford cars (or get finance) coupled with dealers having to be ultra competative means market values have simply collapsed for nearly new vehicles. For reference, my Golf cost Quote
makil6 Posted March 13, 2009 Report Posted March 13, 2009 I'd love to say i felt sorry for you..........but! 7/8 months ago, the economy had already started goin t*ts up, so to go and spend 44 GRAND on a couple of cars!!! Methinks your in the wrong place for sympathy my friend. I use this forum to try and keep my old gal on the road so unfortunately i can't really see the need looking for technical advice for your spanking new top of the range gold encrusted (investment) galaxy. :blink: C ya. Quote
seatkid Posted March 13, 2009 Report Posted March 13, 2009 Please dont post several copies of the same thing on this forum. Once is quite enough. I dont know how you managed to spend Quote
NikpV Posted March 13, 2009 Report Posted March 13, 2009 (edited) apologies for any confusion here - I have moved the replies from the technical section and closed that thread so some of the reples here were on the other thread Edited March 16, 2009 by NikpV Quote
rscott Posted March 16, 2009 Report Posted March 16, 2009 Hi all, I purchased a used Galaxy a few weeks back to cope with ferrying kids and grandparents about. We spent a few months looking, initially at the S-Max but felt the used prices were still not reflecting what's going on out there in the general economic climate. Eventually we found a Feb 2007 1.8 Tdci Zetec on which we managed to knock the seller down to Quote
mumof4 Posted March 16, 2009 Report Posted March 16, 2009 Gawd..i had to larff at the op... who the ficking hell in this day is stoopid enough to spoend that amount of money for a car and if can afford to replace the car every year..then moans about loseing so much on it.. get a flaming grip man... jesus..look at the market..look around you and see all the people in trouble, look at the car manufaturers going down the pan because people are being booted out of work left right and bloody centre and cant afford to splash out on a shiny new motor every 12 months. you really live in cuckoo land dear boy.. come on here, say how much you spend, then bemoan the fact that oh dear.. i lost so much 12 months later when the country is on its knees... get the rose tinted spectacles off and face reality.. you threw your money away when already people could see n this forum and in normal life that the country was starting to go tits up.. I do think you are wrong to name the dealership... read the papers.. listen to the news.. everyone is in the same boat..oh obviously apart from you who can throw away 44k on two car.. jesus.. look at the membership on here, the majority of us cant afford new cars, we come on here to save money, not brag about how much we spend each year changing our cars.. we have families we need to save spends.. jeeze.. my last gal cost just over 1k, this car the same.. Im a single parent and to have you come on here bemoaning that in your stupidity you couldnt read the market, that was even posted on this here forum by seatkid.. your bloody daft... and if you think my post is too strong.. tough shit. Lifes a bitch, life aint easy for some of us.. and by god if i had the money, i certainly wouldnt throw it at a MKIII piec of crap! Quote
big_kev Posted March 17, 2009 Report Posted March 17, 2009 Have I missed something here ? Why is everyone slagging of Julesbyghia just because he has money. He makes some valid points in that if people did not buy new cars there would be no cheap second hand cars available for the likes of myself ( and others ) who cannot afford them to buy. Just because he has the money to afford these is not a good reason to have a go at him. The reason he posted is not to boast about his spending capability but to highlight the fact that new cars lose so much of there value in a short space of time. It was a good and interesting post and useful to some of the members on here who may have been thinking about buying a new vehicle for the first time. Julesbyghia,...The members who replied on this post are generally really kind and helpful and would not aim to offend anyone.However they can be right whingy miserable sods at times. Please feel free to post your apologies to Julesbyghia if you feel you may have overstepped the mark ! Quote
mumof4 Posted March 17, 2009 Report Posted March 17, 2009 apologies then. whingy miserable sods.... i have a right to be at the moment!! But i guess that i did take my frustration, my misery, my pain, and all the other crap things i feel right now, like injustice at the whole god damn world , out on one person. but why expect to get a lower depreciation in these days??? I overstepped the mark.. and i am sorry... i could edit this thread, but i want my apology to stand. I dont always get it right. I do get it badly wrong sometimes. IIRC i was told, that the moment you drive off the forecourt, automatically at least 1k has been lost in depreciation Quote
rscott Posted March 17, 2009 Report Posted March 17, 2009 Thanks for the sarcasm.. If people didnt buy the new cars there wouldn't be any secondhand ones!!!! I am fully aware that cars depreciate, ive been buying cars for over 20 years now. I just wanted to make the point that people say 2 dont buy a Jag or a range rover, it'll loose 30% driving it off the forecourt!, That i would be happy with, but the Galaxy has lost 63% in 7 months. I'm back to the Range Rover garage this year. Is 63% off a Ford any worse than 30% off a Range Range in terms of the actual cost to you ? I think you need to take stock of the situation before you make the same mistake again. Perhaps the best course of action would be to keep your cars and run them for many years. After all, they aren't even a year old yet! An attempt at humour - your second sentence should read "If FOOLS didn't buy new cars, there wouldn't be any secondhand ones for the WISE" !!! Quote
julesbyghia Posted March 17, 2009 Author Report Posted March 17, 2009 Please understand, I am in now way bragging about my spend. I like to replace my cars every year, normal just losing a little In depreciation, which I accept. I am however fortunate to enjoy new cars, but not always..Ive worked my way up in life and have had my fair share of Quote
insider Posted March 17, 2009 Report Posted March 17, 2009 Depreciation is a fact of life and the first year from new is always the biggest drop so there's not much point complaining about it.However, in the current economic climate depreciation has been even more severe. New cars are having to be sold cheaper as less people have the means or are prepared to risk paying that amount of money out at this time. This means that your car is worth much less to a Dealer because they've got to sell that on at less than they would have 12 months ago too.With new car warranties at least 3 years now, changing your cars every 3~5 years would make more economic sense. No-one can tell you how to spend your money, that's your own personal decision. If you can afford a new one in 2~3 years time then well done for supporting the global car industry! Quote
seatkid Posted March 17, 2009 Report Posted March 17, 2009 Jules, you should look at personal leasing.The costs are set in black and white and is geared to a short term ownership.For a one year term it may make sense to just long term hire the car(s). Quote
insider Posted March 17, 2009 Report Posted March 17, 2009 He bought the car on Ford Options which is effectively leasing it for 3 years, i.e. fixed monthly payment and guaranteed future value. You're obviously paying interest on the finance too which you wouldn't if you'd paid cash up front.The monthly payments for personal leasing would also take depreciation into account so you'd still be paying about the same as you would have lost in depreciation (any sensible leasing company won't be out of pocket after 12 months). Quote
seatkid Posted March 17, 2009 Report Posted March 17, 2009 He bought the car on Ford Options which is effectively leasing it for 3 years, i.e. fixed monthly payment and guaranteed future value. You're obviously paying interest on the finance too which you wouldn't if you'd paid cash up front.The monthly payments for personal leasing would also take depreciation into account so you'd still be paying about the same as you would have lost in depreciation (any sensible leasing company won't be out of pocket after 12 months).They wont lose money but I bet they would have paid a lot less than Quote
rscott Posted March 17, 2009 Report Posted March 17, 2009 Another mistake Jules is making is that he is entering into a 3 year agreement and then trading in the car after 12 months. He also has to factor in his monthly payments on top of his depreciation of Quote
julesbyghia Posted March 17, 2009 Author Report Posted March 17, 2009 I got these cars through the family privilidge system , so finance interest wasnt an issue. And only went on the option scheme to take advantage of the % deal as I put down 35% of the car as a deposit. Otherwise I would have bought outright. Saving grace really as this car will now be run for 3 years and only lose a further 1k. Quote
seatkid Posted March 17, 2009 Report Posted March 17, 2009 I got these cars through the family privilidge system , so finance interest wasnt an issue. And only went on the option scheme to take advantage of the % deal as I put down 35% of the car as a deposit. Otherwise I would have bought outright. Saving grace really as this car will now be run for 3 years and only lose a further 1k.So is it now Quote
big_kev Posted March 17, 2009 Report Posted March 17, 2009 How come I never picked up this Option stuff - has insider got some privilidged information? :P Or is insiders first name Jules? :D I would think yes and no in that order. Like the new avatar ..... much better.. :D Quote
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