JB33

3 hours ago, FallenAngelX said:

 

If you are buying cash best bet is usually to go abit older to get towards the bottom of the depreciation curve. 

 

I have never seen an instance where the numbers come out ahead with finance. Its hard to justify buying new due to the massive hit. Buying new is a rich mans game, but also a mugs game for alot of people. 

 

 

I do tend to agree with you as I worked hard to get out of debt and did have car finance before. I now have zero debt but did go back into the deal for the Z but being bedt free allowed me to save a large cash buffer, so the car payments take up the part of my budget I was happy to burn away and still bank the rest. For me, I'm happy with the deal due to the security of a large emergency savings pot and disposable left over. I'm happy to take on that risk. As I say, I went old before on the 350z at the bottom end of depreciation (8 years old) and it was a nightmare. I don't fancy sinking my savings into an old model. I hear what you're saying but for me, a new car is both a treat and within budget. 

Just now, Ekona said:

Sorry, that wasn’t meant as a dig, I totally get the reasoning I was merely speaking in broad terms. Most manufacturers kill off the base model at the end of the life cycle, and it’s not like the 370 has been a massive seller for Nissan anyway. 

Ah I see :-). Agree though that fewer people would want a base. It's got the bells and whistles now though minus the cloth seats. But yeh, definatley fewer orders. 

4 minutes ago, Ekona said:

It makes sense really, I can imagine no one really wants the basic model anymore esp when the car itself is so old now, so everyone is buying the newer one which is what they’re maximising production of. 

 

I’m actually half amazed that they’re producing the standard 370 at all. 

Yeah they're producing it and the discounts are amazing, hence my interest. I prefer the cubby hole rather than sat nav. Cloth seats suck a bit but other than that I didn't see the reason to upgrade to the GT. Plus the base doesn't come with shitey artificial sound pumped into the cabin. 

The base now comes with a diff, rev match and an updated clutch. The GT Given additional speakers, fake sound and sat nav with half leather. Not worth 5k more. 

The nismo is bad ass but not comfortable spending that amount per month for a weekend car. Maybe if I had more disposable. 

15 minutes ago, Mikevv said:

The actual F..

I went through carwow, got a Nismo within 2 weeks and that was cause I wanted to sell my old car first! 

New, 6 miles, not prereg or anything. Thats an agonising wait! 

I know. The nismos are actually coming out faster. The actual F indeed. I did try car wow. The chap told me it was 6-9 months wait. I thought no chance. But the Nissan dealer said about 4 for a new bass model. 

1 minute ago, Jetpilot said:

No one is arguing, is called a discussion and answering your question and i quote:

 

Anyones thought? I really want it but panicking about going back into “debt” as such but it does look like a great deal.

 

So we are just giving our thoughts on what you asked, sorry you dont like the thoughts presented, good luck with the new purchase!

I'm going to enjoy the car. 4 months wait though. 

1 minute ago, bigjackb said:

If you’re happy then that’s all that counts. I’m sure you’ll enjoy the car when it arrives! 

Yes, very happy. Life is too short and money is for spending when the balance is right. Looking. Forward to it. 

2 minutes ago, Jetpilot said:

So your financed car will depreciate differently to a cash purchased car? 

No, it will still depreciate, however; I'm getting a large cash contribution for taking finance Instead but I wouldnt get this for paying cash. So the contribution soaks up some depreciation. 

Jeez, everyone trying to argue with me. I've place the order already and I'm happy with it and cannot wait. 

Just now, Jetpilot said:

What immediate loss is this?

Depreciation. The majority of people dont pay cold hard cash for a brand new car. There is plenty of evidence to support this online too. 

10 minutes ago, Ekona said:

Does it bobbins  assuming a £30k car is going to have payments of at least £300pcm, another £24 is nothing. 

You missed my point about some people like to pay off the road tax in one go. Also high road tax rates is a factor for people to reject cars. Period. 

1 minute ago, Ekona said:

Anyone who runs a performance car or who spends over £30k on a new car and even gives VED a second thought needs shooting. It’s totally and utterly irrelevant in the grand scheme of things. 

Yes, however; people are sometimes too excited by the new car and often dont give it a thought but agree that they should. 500 is quite steep though for people who like to pay all upfront. Also, 30k in usually financed so smaller payments and all of a sudden that 500 looks quite scary as it can eat up some of your budget. Not everyone pays cash and would be equally idiotic to do so on a new car due to the immediate loss. Unless cash is no object then finance is usually the method. 

1 minute ago, Jetpilot said:

If your budget is that stretched that £7.69 a week makes a difference, you will end up in serious serious financial trouble, whether you have to find it in a lump sum or not for the first year! 

 

350z HR's dont seem to suffer with extra road tax costs and resale (you have one yourself).

 

I am looking at spending a similar amount to Marsman on a car in next few months, if i end up with a GTR (most likely) the running costs associated for a year are vast, i havent even looked at tax as i know i can afford it otherwise i wouldnt be looking to do £40-£50k on ANY car and £7.69 probably equates to 20 miles a week of fuel, its neither here nor there! 

I'm happy to pay the road tax and yes, I owned a 350 and had to as well. What I'm saying is that other people (selling the car on) might feel differently. I agree, that if you can't afford the road tax then you shouldn't be looking. But so many people these days do stupid s*** with their money every day and get themselves deep into trouble. That problem, I cannot fix :-). 

1 hour ago, Jetpilot said:

That doesnt surprise me 

 

£7.69 a week  when you have just done £40k, well strictly speaking, £1500 plus some payments 

 

 

I agree that the majority people would be put off by a high road tax car. Maybe some can't just budget the car but not the extra road tax. It can affect the resell value and I don't think there is any denying that. Especially now that you need to tax the car immediately on buying and some people prefer to pay yearly rather than monthly and it's a lot to absorb at once. 

7 hours ago, formatzero said:

If all you are worried about is reliability why not buy a used Zed from a Nissan dealer with one year free warranty and pay to add additional years.

I did think of this but the used ones at 2 or 3 years old are around 20k. A brand new one is 23k. There really wasn't much in it and by the time you add on two year warranty too. Going new, I'd end up with a newer car at the end of the deal too. Plus, it includes free servicing and also a lower tax rate band of 140 a year. I actually think the newer one worked out better given the discounts nissan are throwing at you at the moment. 

Just now, pintopete58 said:

Save up for two years and get the new zed 475 bhp

It's not about power, I felt the 350z hr was too much and could easily get done speeding. Sod 475. Would be scares to drive it. 

We can settle this by agreeing that everyone has a different take on what's special to them. 

1 hour ago, Ekona said:

 

Glorified hatchback? Exterior looks aside, it knocks spots off the 370 in absolutely every department. But then so it should, as it’s not ten years old. 

I prefer the arches and aggressive look of the 370. It's a subjective thing though as everyone has different likes 

I test driven both the m240i and almost purchased the GT86. 

The m240i was very refined, quiet and actually quite boring and was miles more expensive. The GT86 felt cheap and there were lots of rattles, good fun though. The 370z felt brutal and beastly. Like a muscle car and thats the car I'd have as it suits my personality and desires. I'd chose it every day of the week. This is of course my opinion and which car is best is of course, very subjective. 

12 minutes ago, antnee said:

I would genuinely like to see what people would get instead of a new Z for the money. I just looked around and couldn't find any, so bought a Z! 

Agreed. For the money the Z is difficult to beat. It's a gem of a car for the money. 

I see your point but my other option is a Z4 which has also been out forever. So either way it's an old design but one which I love so it's a no brainer. Also no longer in production is attractive to me as it will probably retain more value. 

2 minutes ago, Jetpilot said:

Yes i know, what i mean is its a car thats been around for nearly 10 years, its old hat sorry to say!

But lots of cars have been around for years? Your logic is nonsense lol

1 minute ago, Jetpilot said:

I think you are just using "man maths" to justify the purchase (6k dealer discount etc), bottom line is you are planning to loose 11K plus on a near 10 year old model car,  sorry, i think thats just insane. For £300 a month or thereabouts you can get into a very very nice car, not an old model Nissan and thats coming from someone who likes them  

What do you mean old car? It's a brand new car. I'm not looking at a 10 year old model? Lol

On 18/03/2018 at 00:16, FallenAngelX said:

Some very 'interesting' figures in this thread. 

 

Buying a used one a couple of years old will be towards the bottom of its depreciation curve and take far less of a hit than a new one over the same time period. This will be more the case the older the car gets. 

As the new car has been discounted by around 6k from the dealer. This would soak up most of the initial depreciation hit. A used car still depreciates at an alarming rate and would probably be worse off as the same car a couple years old is actually the same price 22k as the discounted new model. The upside is I'd have a newer car for the same price. 

Thanks for the replies everyone. I agree that it really is a great deal, however; there is 6 month waiting list as it's abfacktry build from Japan. Sounds badass tho lol. 

25 minutes ago, Ekona said:

It depends on how you view cars in general. 

 

If it’s just a car or an investment, then hell yes consider depreciation. And interest rates. And whether the missus will complain. 

 

If it’s your hobby, your passion, then who cares? 

Totally agree. Cars are terrible investments but I love and breathe cars so it’s totally a passion. And I have sufficient cash flow and a backup plan so think I’m going to go for it :-). 

If I saved for a used one at 15k, it would be worth around £8k in 3 years. I know this by their PCP calculator giving me the final value. 

I would have lost £7k in cash over 3 years (and emptied my savings to buy it) 

On a new one, cash loss out of my account will be almost £25k (includes buying the car) but the car will be worth £14k. So the total loss is around the same and I rather have a newer car at the end of it. So guess I’ve answered my own question :-). 

The logic of the double loss (depreciation plus payments) applies to new and used and it actually works out the same (in the case of this heavily discounted new car).