Why buy the same car again? - BobbyG
One of my staff was proudly showing me his brand new Astra today. It was identical to his last Astra apart from colour. He had traded it in after 2 years "before it started costing money".

He liked the car so got another one, identical spec, not a single bit different apart from colour.

I just don't understand why anyone would buy the same car again? Also, some people out there still seem to think that the cars will start to cost money after 2 years! And it was probably still in a 3 year warranty!!!
Why buy the same car again? - Blue {P}
I think it's because many people have so little clue about the true cost of repairing a car.

A friend's V reg Micra once needed some new Brake pads, her mam's response was that this was the beginning of bad things for the car and that it was time to change!

Fortunately her dad pointed out that brake pads were about £12 and he could fit them himself, she saw the light. :-)

My parent's did this with their BMW, only changed the colour, and a slight spec difference, they did this twice before ending up keeping the 3rd one for the last 7 years and they now have every intention of running it into the ground, which judging by it's reliability so far will take a *very* long time!

Blue
Why buy the same car again? - NARU
I do wonder about the economics. Everyone seems to say that you lose loads by buying new. I'm not so sure.

I keep reading reviews where someone praises buying a 3 year old/70,000 mile car 'for half the price of the machine when it was new'. Well OK, but in another 3 years and 70,000 miles the thing is an old banger. I accept that it will still have some residual value, but it will be offset by the increased risk of high repair bills.

This is mainly the 'low depreciation' cars we're talking about - say BMW or Audi - the ones the price guides show keeping 60% or so of their value after 3 years.

I'm coming to the conclusion that you're better off either buying BMW/Audi new and selling after 2-3 years, OR buying Mondeo etc at 1-3 years old and running forever.

What do you guys think? Am I completely mad?
Why buy the same car again? - NARU
I should have said, I have the option to buy my company car. 3 years/75,000 miles. It cost £28k, and the lease company want 15k for it.

So that's 13k loss in 3 years. Lets say it drops 10k in the next 3 years - that means that running around in a new car is only £1000 a year more expensive before repairs.
Why buy the same car again? - Hugo {P}
Someone I used to work with buys a new Mondeo when the old one reaches 20K.

He gets most concerned at the prospect of the car not working. I tried to tell him that at 10K per year the car won't cause him any major headaches for at least 100K and he'll save on the depreciation, but he wouldn't have it.

I would consider replacing the xantia with a newer one if the newer one was a good deal, in fact I am thinking about running this P reg I have and haven't got around to re advertising yet. The main problem for me is that it does not have a sun roof, and I do like sun roofs.

H
Why buy the same car again? - Mondaywoe
My last car was a 1.8 Xantia. I bought it new in 1993 for £14030 on the road. I kept it for 9 years / 105,000 miles then traded it in for the C5. I got £1350 at trade in. Repairs over the years were few and far between. I serviced the car myself - every 5000 miles like clockwork.Before that, I tended to keep cars about 3-5 years then change. I just found the Xantia so satisfying in so many ways (inc reliability!)that I couldn't part with it.

C5 is now a year and a half old (22,000 miles) and it looks as if it might go the same way as the Xantia. My only concern is that after the 3 year warranty I might not be able to service it myself. (There's still no workshop manual available!) Will decide just before the warranty runs out!

I tend to think these days that even substantial repair bills never come near depreciation and if a car is basically satisfying and reliable it makes a lot of sense to run it into the ground. Bodywork isn't such a worry nowadays (the old Xantia didn't have a spot of rust at 9 years.)

Graeme
Why buy the same car again? - Ben79
Graeme

You will have no problems changing the oil.

Eurocarparts sell C5 brake pads and discs.

Air and Fuel filters are similar (same) as other HDI engines.

The only C5 problems I foresee are with the EOLYS (on 2.2) and with changing the hydraulic fluid.

You won't have a chance with any electrical faults though.

Ben
On my 3rd Citroen. Saxo, Xsara, C5.
Why buy the same car again? - No Do$h
The economics vary from car to car. Take a "prestige" make with strong residuals. Not such a bad idea.

Then look at my previous transport, a Rover 416SLi auto. Purchased new by some poor soul at a list price of £19,000. Picked up by me at 3 years and 60,000 miles for £3,900. Granted, they probably paid closer to £17k for it, but that's still a stonking £365pm, before servicing and repairs are taken into account.

Ran it for 3 years, taking it up to 100k, then got £1300 for it. It cost me about £1500 in repairs and servicing, (Notably, the cat. went, as did the ABS pump which, for reasons known only to Rover, also contains most of the ECU and is exposed to road spray.) So that works out at just over £100pm including servicing, tyres and repairs. Not bad for comfortable and spacious travel, even if it did come with stringback driving gloves and trilby image at no extra cost.

Although I've posted my desire to change for a 158 when they come out, the reality is that I shall be running my Alfa until it hits around 100k, so at current mileage, I'm in it for another three years. I will review things then and if all is well, keep it running until the wheels fall off.
Why buy the same car again? - Mattster
The cost of running a brand new car must be more expensive than running an older one. If it wasn't, no rational person would buy second-hand cars, except those who had no means of raising the capital. For the extra money though, you get peace of mind, no squeaks, warranty, a car you know hasn't been abused (unless you do it yourself!), etc.

In a perfect market, the amount of depreciation a car suffers will reflect the amount of true value the car has lost, in terms of reliability, luxury, "newness", refinement, "modernity" and anything else people buy new cars for. The cars that depreciate heavily do so for a good reason - they have a lower life expectancy, are notorious for problems or whatever. Even unfashionable cars' depreciation is genuine - they are less desirable to own. A possible imperfection in the market is something like a Mondeo losing half its value in one year. This is due to the preception that it will have been a fleet car and not cared for. This may not be the case with a privately owned version, but the value will still suffer and would then represent a genuine bargain to a second-hand buyer.

However, the subject of this thread was "Why buy the same car again?" I would suggest that buying the same car more than twice is daft. Firstly, you only live once - I've driven seven different makes of car for the seven cars I've owned (I've ruled a couple out for the future (Alfa!!!)) Secondly - after 5-10 years, the market will have changed and how do you know that yours is still the best (if it ever was!) Read up, test drive and try another.
Why buy the same car again? - No Do$h
Mattster,

Try a JTD Alfa. Many grins and no problems* with reliability (unlike the petrol ones that seem to have a mind of their own).

(* yet)
Why buy the same car again? - Mattster
No Dosh

I'm afraid there's no-one in the world who could convince me ever to buy another Alfa. My 156 was a dog. Loads of niggles that couldn't be fixed, or were uneconomical to do so. Suspension problems galore. Hundreds and hundreds spent (in one year of ownership. Dealers who didn't care (or who had seen it all before). Thousands lost in depreciation. Previous owner (who had it from new) also spent a fortune on suspension problems and a new steering rack.

So hacked off with it, I decided to treat myself and buy a new Civic Type-R. Take delivery on Wednesday and can't wait. I know it'll probably cost me as much as the Alfa, but at least it'll work and give me plenty of pleasure - something of which I got very little with the Alfa.
Why buy the same car again? - No Do$h
Now that's a fine choice. Had one of the previous model Civic VTi's (3 dr '97). Went through shocks at an alarming rate, but otherwise a great car, if a little sterile on the inside.

At least the Civics will have a new life with the Mugen-fixated Ricemobile merchants when you've done your bit with it. My Alfa will end up with an "enthusiast" who spends their life under the bonnet, muttering to themselves as they look for the sparkplugs on a Diesel......
Why buy the same car again? - J Bonington Jagworth
"13k loss in 3 years"

Hell's teeth - that's £83/week!

At the other end of the scale, my daily transport is a perfectly presentable Audi that cost £1000 nearly four years ago. Of course, I'm glad other people buy new cars...
Why buy the same car again? - No Do$h
Don't forget, when this Rover was new, the management at the aforementioned were still trying to kid the public that the 400 was a contender in the BMW 3 series arena and not a comfy Ford Orion.

Since the parting with the Bavarians, prices on these cars new have outperformed gravity, which has helped people like me buy used ones cheaper.

I've checked the prices again and the list was about £18k with the aircon (it was an option in '96), not £19k, so let's say the original buyer got it for £16k. Still a deeply unpleasant £330pm or £77pw.

On the plus side, the drop in new prices has helped fuel the supply of other peoples new cars to the likes of you and I, JBJ.

Good, innit.
Why buy the same car again? - Steve G
I suppose it depends on your reasons.
Buying the same car again because its what you really like and enjoy driving are perfectly good reasons.
The reason your friend gave is just plain crazy. It is amazing the number of people who throw away thousands of pounds because they are badly informed.
I have bought the same car (model) again but only because its what I like driving and the alternatives dont appeal.
Why buy the same car again? - MichaelR
Somebody I know purchased a brand new Peugeot 307 LX last year, on an 02 plate.

This year, they did exactly the same thing again. Bought another brand new 307 LX, but on an 03 plate. Both cars are identical in every respect bar colour and the fact the new one says '03' on the back.

Madness.
Why buy the same car again? - RickyBoy
Buying identical apart from plate/colour change does seem idiotic?

Upgrading because the latest model offers you Climate/RCL/CD/Rear Wiper/mucho more power, performance and image over and above what you were already used to ? well, that's just plain common sense!...
Why buy the same car again? - lordwoody
"The cars that depreciate heavily do so for a good reason - they have a lower life expectancy, are notorious for problems or whatever."- I don't necessarily agree with this, I'm on my 4th Saab(a 9-5) , all bought used and all have depreciated greatly in the 3 or 4 years(the point at which I buy them) from new. They're solid, reliable cars with an individuality missing from many modern cars, even the base models perform well ( all turbos now) but as the other cars in the same sector (BMW , Audi etc) have a higher perceived prestige factor so Saabs devalue like nobodys business and make a good long-term ownership option.
Why buy the same car again? - Vin {P}
Marlot said:

"I keep reading reviews where someone praises buying a 3 year old/70,000 mile car 'for half the price of the machine when it was new'"

Yes, your logic would be correct if those were the figures. In the case of a Mondeo, a 2000W, 70,000 mile 1.8LX is going to cost £3,500 private, £3,100 at auction. That's for a car that retailed at £16,000 new. So, in your example, the first owner has lost £12,500. Even if the second owner threw it in a skip after three years, the most he could lose is £3,500, leaving £9,000 for the extra repairs on the older vehicle.

So, barring needing three new engines, the secondhand buyer gets the better deal in pure cash terms.

However, I do agree that the original buyer gets the joy of a new car, is probably less likely to break down and gets the peace of mind of a warranty, which has to have some value.

V
Why buy the same car again? - Vin {P}
Marlot, forgive me, but I seem to have agreed absolutely with everything you said. Normal service will be resumed.

V
Why buy the same car again? - topaktas
Oh dear! I'm on my third Passat, and my wife has one, too. To make matters worse, all of them were bought second-hand, sight unseen, via the VW website. Even worse, my first one (2.8 V6 Synchro) was a dog, requiring in excess of £8000 work done under warranty. But we love 'em. Perhaps we ought to get out more?
Why buy the same car again? - Dan J
Aaaaargh!!! You're all doing it AGAIN! The only reason used cars are the dirt cheap price they are etc etc is because of the continual purchase of new cars by those who choose that route. Just take it as each to their own... If we all took the "sensible" advice regarding paying £3,500 for a 3 year old car, you'd lose the vast influx of new cars keeping the market as it is and within a few months there would be no such thing as a cheap second hand car.

Simple economics!

So for all those who like to buy nearly new or well into the used market, you may think new buyers are mad but I'd recommend shaking their hands the next time you see one*

*Please don't do this if you do not know them...
Why buy the same car again? - Vin {P}
Dan J, I'm not advocating that no-one buys a new car, just that they don't do it in the belief that it saves them cash. As I said in my post, they are getting more for their money than I am, so they have every right to pay for those extras.

V
Why buy the same car again? - edisdead {P}
Why buy the same car again? I guess folks just like the nice secure feeling of being familiar with a car's abilities, ambience and dare i say it, character. Personally it's a position I would dearly like to be in. Much as I love my car, and will probably drive it until it dies, I'm forever pondering which make/model I would like to drive instead.

As regards the new/used debate, i think there are three factors involved in the decision: (i) image, (ii) risk, (iii) cost. Different people attach different levels of importance to each factor. Thank goodness we're all different.
Why buy the same car again? - DavidHM
Vin: I agree with you and Marlot in principle; but I think both your figures are out.

I can go and get a new Mondeo for a smidge over £11k. I can't go and buy a three year old for £3,500 privately - more like £4500 if it's in good nick and doesn't need a grand's worth of reconditioning on paint, servicing, etc. Retail might be £5k on an average mileage car (perhaps below average for a three year old Mondeo but equivalent to the mileage a private person facing the new/used choice would do).

That means that the actual loss over three years from new to private is £6,500. Retail to trade (p/x) on that Mondeo might be £4,200 over three years. So while the Mondeo is much cheaper used, we're talking about a difference of £2,300, or about £64 a month. A warranty would be worth about £25 a month, so the difference, allowing for risk, but not the interest foregone on the extra £6k purchase price, or spent on finance, is about £40 a month.

On a 5 Series, I reckon it goes £25k-£13k new to private; £15k retail to £6500 trade plus £30 per month for a warranty, meaning a difference over three years of £2420 or £67 per month.

Many people will overpay for a used or new car; or get stitched up on the finance deal. But if you are financially comfortable and value the better engineering of a new Mondeo or supposedly greater prestige of a new BMW may well be worth it.

Yes, I realise that I've cheated by allowing the new purchaser to sell privately, and assuming that independents and main dealers charge the same for servicing - but against that, there's not likely to be a change of brake discs, cam belt or exhaust in the first 3 years and 50k - and certainly some people would feel mcuh more comfortable about selling a 3 year old privately, but not a six year old that has, in their perception, given them problems even if they are only normal wear and tear.
Why buy the same car again? - pafosman
About three years ago teenage daughter wanted to learn to drive, found a local corsa 1.5 td, two owners, lady driver, etc. bought it. daughter decided that clubbing/drinking/taxi home was better use of money so Dad bought the damn thing off her. Oh my goodness, shock horror, it goes well, its reliable, its cheap and economical to service/insure etc. no-one in their right mind steals it. two years later wife needs car, bought another identical one 1.5 TD GLS. same deal, one owner. God its dull, it just goes on and on, i can get into either one, you know where the wipers are etc.

only problem is the L reg 150K tatty one goes better than the P reg 65K one! I'm dull & boring like the cars, but I have better things to spend my hard earned on than a set of wheels.

see you guys in Florida (or maybe NOT!)

steve
Why buy the same car again? - jeds
This really comes down to what you want a car to do. I drive about 40k miles per year on business - my own business. A 2 or 3 year old car with 75k on the clock is no good to me. I need a new car with 3 years warranty, no MOT's that will start every time, will be fairly economical to service and run and will be worth something in 3 years when it has 100k to 120k on the clock.

I changed 4 months ago to my second Passat TDI. Boring but suits my needs.
Why buy the same car again? - GrumpyOldGit
The reason this guy gave for changing a car is odd, but I don't see anything strange about buying the same model again if you like it.

I've never done it myself, but wouldn't criticise anyone who did. If they are happy with that model and need or want to replace it, why not have the same one again? They chose the colour they liked best when they bought the first one so why not stick with it?

I think perhaps I don't understand the question.
 

Value my car