vehicle purchase, is my thinking old fashioned and out of date.

[derek]

All of my life i have bought my new cars vans pickups either out right or as they have become more expensive hire purchase to own them after 3 to 4 years and we then generally run them for another 6 to 7 years some times even longer, we maintain and look after them well, usually by ourselves. We are looking to change one of our vehicles and the new ones are so so high tec i dont think i have the ability to repair them anymore and i dont think they would last 10 years or more. We usually put about 10 to 12000 miles a year on our vehicles .Should i just now lease them or pcp and hand them back after 4 years and get another one ? What do you guys do

 

[An Gof]

If you have the money always buy outright, it’s the cheapest option.

 

[Frodo]

If you have the money always buy outright, it’s the cheapest option.

But with record low interest rates, possibly negative, Cheaper, but not by much.

 

[ACEngineering]

All of my life i have bought my new cars vans pickups either out right or as they have become more expensive hire purchase to own them after 3 to 4 years and we then generally run them for another 6 to 7 years some times even longer, we maintain and look after them well, usually by ourselves. We are looking to change one of our vehicles and the new ones are so so high tec i dont think i have the ability to repair them anymore and i dont think they would last 10 years or more. We usually put about 10 to 12000 miles a year on our vehicles .Should i just now lease them or pcp and hand them back after 4 years and get another one ? What do you guys do

I'm same. Buy everything I cant be arsed with finance.
Only thing I dont own outright is my house.

 

[DaveGrohl]

Yup, pcp sounds cheaper but isn't. But the great unwashed can't work that out which is why so many use it. And they place restrictions on you, why would you want restrictions?

 

[nick...]

I'm same. Buy everything I cant be arsed with finance.
Only thing I dont own outright is my house.

I’m with you too.had some finance on a car about 4 years ago and it did not sit well with me.it was continually on my mind as well so I got rid of it.im prefering my pick up anyway
Nick...

 

[Nearly]

I usually buy them when folk like you have finished with them.

 

[Yale]

We‘ve bought a mainstream model so in the future it’s easier to find a non franchised independent garage to do servicing.

This latest car scares me the amount of tech on it.

First vehicle on the farm with adblue also which I’m not looking forward to the inevitable problems.

 

[Derrick Hughes]

Just lease hire - get a nice new car every 3 years and no need to worry about anything
I was done with spending money on broken down cars years ago

 

[pgk]

Not bought new in 20 years, that one lasted 13 years and 250k miles without a hiccup, replacement of 7 years was 9 years old when I bought it again faultless but now need something higher as easier to get out of so bought 8 year old 85k immaculate from suburbia, as with all three tow hitch was put on by me. If I add the price of all three cars they wouldn't come to the price of a small family hatchback nowadays. Also buying second hand one can rely on the j d power surveys to ID those models to avoid.

 

[Campbell]

I have a workshop and a ramp here, so keeping our old cars in service and repairs is easy and I like doing it. Only really use a garage for MOTs. Other family members think otherwise and lease fancy German motors, which I can't service for them, but we are both content with that decision...

 

[FonterraFarmer]

Of the two utes here only the new ute has been back to the dealer for a service only once back in 1985.

 

[2wheels]

If you have the money always buy outright, it’s the cheapest option.

don't know about that the last car we bought for private use cost us 25+k before trade in. 17.5k with trade in. now 6yrs and 80,000mls later it's worth about 6k. so is that a cost of almost 3k /yr or 4+k /yr. either way it is never cheap.

 

[Wellytrack]

Cars can last a long time. You could keep your car and run it reliably for 20 years if you like, it’s just most don’t.

Wife’s aunt has a year 2000 1.4 petrol Toyota Corolla. It’s done 60k miles and is in perfect order, no rust, running like a Swiss watch, will probably see her driving days out.

Car is practically worthless but would take 20k to replace.

On other hand seen a 420D in exhaust shop awhile back, it was 2 year old and had 100k on it. Plenty of driving left in it yet too.

It would take 20k to change too.

 

[som farmer]

we buy our farm 'trucks', but lease hire our car, as quoted above, everything mechanically, is now so complicated, it's no longer a case, that the chap round the corner, can't repair them. Same with most tractors. So the choices are, buy/lease new, and no repair bills, buy old, cheap repair, or risk expensive repairs/problems, with the 'in-between', and that's the same risk with tractors.

 

[Dry Rot]

Never bought new in my life. Land Rover cost me £9,000 ten years ago, relatively trouble free 80,000 mile driving since, internet says it is now worth £18,000.

I like to buy from non-mechanical city types. The last owners of the LR were civil servants who couldn't manage the electric windows failing (broken wire), worrying vibrations (castellated tyres), and windscreen wipers out of sync.The previous one needed gear selectors and steering adjusted, neither a big job. Sold that for £2,000 more than the purchase price.

 

[Paddington]

I bought a two year old, low mileage Renault from a farmer once (the wife's runabout), a new car for me....oh dear, think it must have been used as a stand in car for The Dukes of Hazzard.

 

[An Gof]

Just lease hire - get a nice new car every 3 years and no need to worry about anything
I was done with spending money on broken down cars years ago

Not sure that’s quite right, are there no charges for any damage/condition etc.

 

[Sid]

Not sure that’s quite right, are there no charges for any damage/condition etc.

I think @Derrick Hughes is extremely careful putting on and taking the bicycle off the roof rack for his posed bicycle pictures across Wales

 

[Derrick Hughes]

Not sure that’s quite right, are there no charges for any damage/condition etc.

No never been charged one penny from Mercedes
But if its badly damaged you put it through insurance
And you should see the state of my cars sometimes- you would cry