crazyH
I believe a brand new car loses 10% of its value, the moment you drive it off the forecourt. My present car is a 2018 low mileage car, Kia, bought in 2020
I thought it was 20% the value of the VAT
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Reluctantly I went to look at a new car because mine is getting quite ancient and starting to show its age. I ended up ordering one . I have a 12 month wait ahead of me which seems a tad excessive. Just hope mine lasts the distance as it is now 15 years old. The salesperson blamed the European war but the car actually is made in Japan. Is this the case everywhere? To get a second hand car the cost is the same as a new one so it’s a no brainer to get a new one.
crazyH
I believe a brand new car loses 10% of its value, the moment you drive it off the forecourt. My present car is a 2018 low mileage car, Kia, bought in 2020
I thought it was 20% the value of the VAT
There are only 3 (very large) factories manufacturing computer chips needed in cars in the world. As a previous poster said, Covid dramatically effected production, but also one factory suffered a large fire and burned to the ground. Following this, due to the difficulty in purchasing the chips that were available, Apple made one manufacturer an offer they couldn’t refuse and purchased one of the factories for their own use alone. That currently leaves only one factory for chips needed for all computerised devices, including TVs, cameras, computers, cars etc. Car manufacturers are frequently working short hours as a consequence. The situation won’t get better any time soon.
When I traded my 4 year old Golf in recently, they almost bit my hand off as the VW dealership had very few 2nd hand cars coming in. They gave me a really large amount against a new one and - so long as I wasn't picky about colour etc - I got a new one in just a couple of weeks. Apparently though, there were only 3 Polos coming in that month so I was lucky. Shortage is due to many of the parts being made in Ukraine, as well as shortage of chips etc from China.
I am presently selling my car - very low mileage and in excellent condition. By comparison it has done a quarter of the mileage as like for like models. I can basically ask what I want for it and people are queuing up to buy it. Definitely a sellers market.
There was a massive fire last year, in a Japanese factory that produces the computer chips for new cars. It wiped the whole factory and products out.
The pandemic was already causing problems with supply.
Then the Russian invasion of Ukraine has led to halts in production along with halting exports from Russia
So it's an ongoing rolling set of global problems that's causing this
All info available on Google
`Not all power is wind generated Monica. Quite a few electric cars are now powered by solar energy which is used to charge up the batteries. It rather heartens me to think of cars running on sunshine rather than dinosaurs…
I am hoping to qualify to get a mobility car due to a decline in health and have been looking at how few are available through the mobility scheme.
My current car is 12 years old and has had a fair amount of money spent on it to replace bits and pieces but will probably just run it to into the ground while we wait and only replace essentials.
Love the idea of a new car and never having to put my hand in my pocket when things go wrong.
My friend has just waited 13 months on his new car arriving, he changes it every 2 years, always buying brand new. My 13 year old car is great and hasn't even 30,000 miles on it yet so it will hopefully go on for a while yet.
Our MOT centres in N.Ireland are a major problem, my appointment is after my MOT, tax and insurance has expired and I booked it 3 months in advance.
I did 10 years as a volunteer hospital car driver in a rural area, so did a big mileage. A garage that I trust did the mobility car scheme for people and they look after the cars and see that they have had good servicing etc. They often have very low mileage and may be given up when a person has sight problems or some reason they can no longer drive , so the cars have no problems, and you will be paying secondhand price. I used to buy them at about 2 years old with very low mileage and by 4 years old their mileage would be up to the normal level. So if the mobility scheme is used where you live , it could be something you could consider, especially as you know that it will have been kept in good order and have the history. Sometimes a new car can have teething problems and all that would have been sorted out before you look at it Certainly used in Britan The one big problem I find now is that things are so organised in cars that you cannot do much yourself in the way of servicing, and therefore costs you more on upkeep having to go to the garage for most things. Good luck finding something
@nana8 I always get a pre registered demo car, less than a 1,000 miles on the clock but still in showroom condition and ready to drive it away the same day!
I ordered my new mini in March and hope to get it the first week in November but not the spec originally ordered. The wiring loom is made in Ukraine. Also shortage of chips for electronics. I have lost some features but have gained a sun roof!
You cannot only use energy from green sources, unless your supplier turns your power off when the wind isn't blowing.
Your supplier, over a year may contribute as much to the grid as all its customers consume, but there will be times when winds are low and their contribution to the system are less than 5%, and then the electricity you are consuming will be mainly generated from gas.
There is also the power consumed when the car and, especially, it's battery are manufactured. Do you know how that was generated?
Dh’s current car was an ex hire car, Hertz IIRC, only a year old and considerably cheaper than the new equivalent. AFAIK most car hire companies replace them after only about a year. He had a 10 day trial period - cost knocked off the price if he decided to keep it.
Ps
The salesperson blamed the European war
That's sales talk! Rubbish.
DD was told the same thing two years ago.
DD was told the same thing, nanna8.
I know how secondhand vehicles hold their price over there, unlike in the UK.
You could try phoning the dealer to see if anyone has cancelled their order, you might be lucky and get one sooner.
Esspee
The idea that a car depreciates as soon as you drive it out of the showroom is not true today. Our electric car is seven months old and if selling it today we would get £10,000 more than it cost.
The demand is huge for electric cars as supply is so slow. We kept getting emails telling us where the car was on it’s way to us. It was assembled by Ford in Mexico then shipped to Ostend in Belgium then Southend in England.
In the last 6 months we have driven 7000+ miles on free electricity. The first month we spent about £40 trying out different means of charging until we discovered what worked for us. No wonder demand is through the roof.
That’s true, but it’s not just true for electric cars, the second hand value of low mileage second hand cars has shot through the roof for all fuel types. My car is four years old, and when I looked the other day the equivalent car with the same age and mileage was £4500 more than I paid for mine - I decided to hang on to the one I’ve got for now, I feel as though I’m running it for free.
M0nica
No emissions when you drive it, but emissions at the powerstation where the power is generated from gas. and then there are all the emissions from the process f making the battery.
No, I am not anti electric cars and in cities with highly polluted air, they are the way of reducing pollution and improving air quality, but essential all they do is separate emissions from driving by having them in a different stage of the process of making and using one and in a different place.
To be emission free, we must wait until all our electricity is carbon neutral.
M0nica. If using electricity from green sources as we do the only emissions involved are in the manufacturing.
The idea that a car depreciates as soon as you drive it out of the showroom is not true today. Our electric car is seven months old and if selling it today we would get £10,000 more than it cost.
The demand is huge for electric cars as supply is so slow. We kept getting emails telling us where the car was on it’s way to us. It was assembled by Ford in Mexico then shipped to Ostend in Belgium then Southend in England.
In the last 6 months we have driven 7000+ miles on free electricity. The first month we spent about £40 trying out different means of charging until we discovered what worked for us. No wonder demand is through the roof.
I am also looking to change my car. The VW dealer had a forecourt stuffed with pre-registration Polos with good savings, ready to drive away. Perhaps that’s the way to go. Problem is, they were all manual☹️.
kittylester
We have recently been offered more than we paid for dh's car.
Same here. I have very low mileage on my Ford Fiesta and it’s now worth more than when I bought it 4 years ago.
My son ordered a new car in March and was suooosed to take delivery of it in July. He is still waiting - he may get it at the end of this month. In the meantime, he is struggling to hold the mileage down on his own car or they “will penalise” him! You can’t make it up!
I recently ordered a new car as my 8 year old one was just beginning to cause potentially expensive problems. I'm getting a teeny wee one which is all I need. I got a VG trade in but I'll have to wait till January for the new one.
DH has been offered more than he paid for his car despite its ageing and high mileage. He'd take it but getting a new one would be correspondingly expensive - also he likes his car.
The reason for the wait is because of the shortage of chips.
It’s world wide.
No emissions when you drive it, but emissions at the powerstation where the power is generated from gas. and then there are all the emissions from the process f making the battery.
No, I am not anti electric cars and in cities with highly polluted air, they are the way of reducing pollution and improving air quality, but essential all they do is separate emissions from driving by having them in a different stage of the process of making and using one and in a different place.
To be emission free, we must wait until all our electricity is carbon neutral.
sarah you won’t regret getting an electric car- so smooth, quiet and no emissions.
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