Pelyma
Joined: 06 Jan 2005
Location: Clymping, Sussex
Posts: 4478
 
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That is the difference between running your own business and being employed. I have to say I'm like JMC pay your pound notes have no nasty surprises round the corner. If you are employed I guess you can be more certain of your income.
We are all different so without knowing someone's situation it is impossible to advise them. DS3 TDV6 HSE
Silver with Alpacca (old one)
DS3 TDV6 HSE
Silver with Alpacca (new one)
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 Thu Jul 17 2008 6:45pm |
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cmyers_uk
Joined: 10 Apr 2005
Location: Near Bristol, UK
Posts: 247
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Come on its easy to advise them , Its probably the wrong advice but hey lets give it anyway.
Basically we all seem to judge it on our situation, DG. Money growing on trees in the back garden likes a new car and quite right he can afford it and isnt worried about redundancy etc this approach seems to provide the least fuss way of doing things. JMC financially astute makes the best 'financial' sense. I also think another reason for not buying new at this time is to lets see what oil does. If as some predict it gets to $200 a barrel then maybe we see new technology fast tracked in. Why buy now with an engine we know has a very limited life? with a company recently taken over?
So my position what would I do ....... Well today its keep it for at least 5 years ... if a new one comes out with 3litre then it will probably change.
Good luck with your decision I certainly cant make my mind up
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| Thu Jul 17 2008 7:06pm |
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SN
Joined: 03 Jan 2006
Location: Doing the Lambeth Walk
Posts: 7157
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I'm sat on the 'I'LL BUY MY CAR AT 3 years" at the moment? But I do not know what the difference between the Buy It price and What its worth price will be - Feb 09 is my date. If it is too large I will hand it back and have a good cry  Steve N | 2006 TDV6 S Auto in Buckingham Blue | Member of the top ten club | Am I online?
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| Thu Jul 17 2008 10:28pm |
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blue meanie
Joined: 04 Aug 2005
Location: nfi !
Posts: 2684
 
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if it's any consolation Steve I'll be signing the extended warranty forms for mine next month, even at just over £1k for a year for the factory equivalent including LR assist, it's still far cheaper than taking a first year depreciation on a new one and at over £100 per hour + VAT labour rates for the main dealers around here.... global warming my ars...!!!
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| Thu Jul 17 2008 10:45pm |
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Gazzer
Joined: 30 Nov 2006
Location: Guildford, Surrey **2008 TDV6 HSE**
Posts: 220
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Firstly my take on sticking with a D3.
There is no difference in the cost of fuel when running a new D3 or keeping your old D3, they both use the same amount of fuel. So they have the same cost. As will road tax, insurance.
The next Q you have to answer is, what will it cost me to run my existing car over a brand new model. Do you intend to extend the warranty or put the £1100 or so a LR warranty costs into a bank account for that day when something will break (It could cost you much more running an older D3.) A new D3 will cost nothing additional over the 3 years as it will have a new 3 year warranty.
So working on you buying an extended warranty for for your existing D3 for a further 3 years will cost you about £3500. A new car £0.
So far a new D3 wins.
Next comes Depreciation? What does a new HSE lose each month ~ £600. A 3 year old one ~£300 (My assumptions.) So over 3 years a new HSE will lose £22,000. A further 3 years in your old car £11,000.
So £22,000 - £11,000 = £11,000 - £3,500 = £7500 extra to run a brand new D3 over 3 years or £2500/yr.
Finance chartges play a part....... Is it worth £7500 extra to run around in a brand new D3? For me the answer was an absolute yes.
Now, compare to buying something else other than a D3. If you go new, with something costing half the D3 amount (£20k, same price as your current D3?) you again will experience the exact same costs as running your old D3 with depreciation etc. Fuel maybe slightly less.
So really I would either get a new D3 or get something really cheap i.e £5k run about and see what happens.
I think you can expect some good deals now and even more so in future.
G  
Last edited by Gazzer on Thu Jul 17 2008 11:39pm; edited 1 time in total
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| Thu Jul 17 2008 11:03pm |
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blue meanie
Joined: 04 Aug 2005
Location: nfi !
Posts: 2684
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I know where you are coming from Gazzer but the 0% thing is over 24 months and then you either have to pay/finance the remaining 50%, prob about £20k to keep it or find the deposit; (£833 per month? ) 25/30/50% to restart the process again, on the other hand the 'old' HSE will cost ~ £400 ish p/m so over the two years that's...
£10.5k over two years and then the third...? or am I mising something? I normally do by the way   global warming my ars...!!!
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| Thu Jul 17 2008 11:18pm |
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90BHP
Joined: 18 Oct 2006
Location: Half way along the road on the right
Posts: 1524
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Try asking the finace co. for their best settlement price before you give the keys back as final payment is more than book. Chances are, as already said, they will take your offer . . .
Not happening to me as LR are swapping mine on 1st Sept. But I had a chat with a finance team manager today about exactly this situation - the man at the top said they will look at what the car owes them and provided the deal is better than the likely auction price they will take the offer. HTH
Christian "To finish first, one first has to finish ...."
Last edited by 90BHP on Thu Jul 17 2008 11:39pm; edited 1 time in total
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| Thu Jul 17 2008 11:36pm |
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Gazzer
Joined: 30 Nov 2006
Location: Guildford, Surrey **2008 TDV6 HSE**
Posts: 220
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It is just an illustration that for a bit more you can get a brand new car, with all the benefits that entails.
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| Thu Jul 17 2008 11:37pm |
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SN
Joined: 03 Jan 2006
Location: Doing the Lambeth Walk
Posts: 7157
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90BHP wrote:Try asking the finace co. for their best settlement price before you give the keys back as final payment is more than book. Chances are, as already said, they will take your offer . . .
Not happening to me as LR are swapping mine on 1st Sept. But I had a chat with a finance team manager today about exactly this situation - the man at the top said they will look at what the car owes them and provided the deal is better than the likely auction price they will take the offer. HTH
Christian
This is something that I will be pressing for...
So what do we think a 2006 S Auto in Buck Black with 33,000 miles and a bit of bramble rash be worth in 6 months time?  Steve N | 2006 TDV6 S Auto in Buckingham Blue | Member of the top ten club | Am I online?
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| Fri Jul 18 2008 8:25am |
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crews control
Joined: 18 Mar 2007
Location: Hampshire
Posts: 393
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I'm with JMC on this one.
The economy is going down the pan and a major recession could be just around the corner. Not a good time to take on more debt. There is a financial theory that when interest rates are rising it's a good time to take a loan. This is on the basis that the money's always cheaper today than it will be tomorrow. Trouble is, that only works if you're using the money to re-invest in something better. If it's used to buy a fast depreciating asset then you just look stupid.
Luckily, LR have helped the economy by making the new 09MY so dam ugly that most people won't be tempted to get into more debt to own one!!!
Hand it back and buy another for 5k less. No contest, and the lack of debt makes it even more fun to own. (or... don't let the dealer know you want to keep it!)
(just my opinion - not meant as serious advice) Paul
D3 TDV6 HSE
Buckingham Black / Alpacca Leather
...This message written with recycled electrons...
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| Fri Jul 18 2008 10:09am |
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James R
Joined: 27 Oct 2007
Location: All at Sea
Posts: 593
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Try looking for a pre-registered vehicle. You may lose out on a couple of months warranty - but most of the massive first year depreciation will be avoided.
My car was registered in July 2007, to the dealer. I bought it in October 2007. List price was 33k, according to car mags the target price was 30.5k. If I remember correctly there were 17 miles on the clock when I picked it up. I paid 26k. So I saved 4 grand for the loss of 4 months warranty and drove away in what was effectively a brand new car. Another plus is that I agreed to buy the car at noon on Sunday and drove it away at 10 a.m. on Tuesday morning. The downside is that you don't have a lot of choice regarding colour and spec.
I believe the next 6-12 months will see a lot of great deals about as people are beginning to worry at the current financial situation in general Sharks: Natures way of telling surfers to get a job
07 Silver TDV6 XS Manual + Stainless Tubes + Tints + LR dog Guard
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| Fri Jul 18 2008 11:40am |
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countrywide
Joined: 16 Sep 2007
Location: Sunny South Coast
Posts: 1471
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SN wrote: is something that I will be pressing for...
So what do we think a 2006 S Auto in Buck Black with 33,000 miles and a bit of bramble rash be worth in 6 months time?
Trouble is they may ask you pay to repair the bramble rash as an extra charge, they did with the Saab we had. The figures for a December 05 S Auto this month was around £14K, which is a huge drop on 3 or 4 months ago.
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| Fri Jul 18 2008 11:47am |
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eddtheduck
Joined: 14 Mar 2006
Location: Norwich
Posts: 160
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I'm with Gazzer here.
I recently changed my 06SE for an 08.5 HSE and am paying less per month for a freedom deal. Because I am a victim to detail I worked things out like Gazzer and for my situation (car worth £22k), the freedom deal (regardless of how much deposit you put down), the 0% deal that ND took out or keeping the existing car with 4y extended warranty over 2 years were all the same going out per month.
A freedom deal on a57 plate pre-reg with 3000k on the clock saved £100 per month. HP on a new car cost £200 per month more.
If I could have sold my car I could have done a short term personal lease of an HSE (9 months) for £200 less per month than the PCP
I couldn't sell my car so I took out a 2 year PCP for a new HSE with no deposit, traded my SE in and put the cheque in the bank (to cover any of the above unemployment worries).
What will I do at 2 years? Unless things change massively (which they may well do) I will walk away from the car and arrange a series of short term personal leases. Yes, I know I am at the mercy of the leasing company and can't modify etc but at least I keep a newish car and don't have the worry of selling a car that is becoming hard to move on.
Does that make sense  2008.5 D3 HSE, Stornoway, Ebony
2007 BMW 335iSE - lust for speed satisfied
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| Fri Jul 18 2008 2:08pm |
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cmyers_uk
Joined: 10 Apr 2005
Location: Near Bristol, UK
Posts: 247
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Quote:Next comes Depreciation? What does a new HSE lose each month ~ £600. A 3 year old one ~£300 (My assumptions.)
Gazzer 07 HSE brought 40K in April last year + 2K extras. Tried to sell it best offer £27K with 15000K other than that its in excellent nick obviously didnt sell it. The problem I had was people didnt seem to want them hence the 0% deals to shift old stock. The figures only work out IMHO if you assume problems that you must get done at main dealers. I appreciate there are some jobs that need main dealer but there are lots that dont.
Each to their own, whatever you do I think you can make the figures work.
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| Mon Jul 21 2008 8:08pm |
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NoDo$h
Joined: 02 May 2006
Location: Dodging peanuts
Posts: 5922
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Some people seem to be looking at the sums as if expecting to make money 
It's a car. An expensive one. An unpopular one in the eyes of many, that depreciates at a horrendous rate. Owning one has a price, so you have to ask if you want to pay that price or not. If circumstances go the wrong way in two years at least I can look back on the time I owned 2 D3s with a fondness while I sit in my Skoda Roomster or whatever.   Going, going...... Gone!
Carbon footprint? I neither know nor give a damn
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| Mon Jul 21 2008 8:46pm |
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