Hi OZ Bargain Users. Could you advice is it better to go for a newer car or go for the used car which did some 50 to 70 K's. I am looking for mazda cx7 and new one is too expensive. The 2010 - 2014 model i can get it for $18000 to $29000. Also how does car loan works. Suppose if i take 24000 loan how much do i have to pay for next 3 year. Is it wise to have a 5 year loan compare to 3 years?
Buying Brand New Car Vs Some Used Car Which Did 50 to 70K's
cricket2u on 06/11/2015 - 12:50
Comments
^^ This. Some cars don't depreciate much, so getting a new car isn't so much of a problem (accounting for stamp duty already in the price etc). These are one of those cars that are better getting 2nd hand.
Do your homework, check the service history on it. Also bear in mind that they require a timing belt, so the closer the car is to 100,000kms, the closer it is to needing that done (anywhere from $800-$1500 to do that service).
Plus I hope you know how thirsty those cars are!
If the car has a timing belt.
Was referring to the cx-7 :P
@Spackbace: exactly. If the timing belt is missing then you're up for big $$$$ to get one. (Nice save altomic)
Do you mean Mazda CX-9? The CX-7 stopped production in 2012.
read on-line reviews about some of the cx7 engines….be aware
My advice is don't limit yourself to one car. Make a short list of some cars and look at all the available deals at that given time.
Why are you limiting yourself to the CX-7? It is mid sized, turbo (TERRIBLE fuel consumption) and is a SUV.
Have a look at the- Subaru Forestor XT (turbo as well)
- VW Tiguan (any with 2.0Turbo engines)
- BMW X1 (Diesel ) - You would be surprised how much they've dropped in price
Anyway, list can go on for a while - my point is that you could pick up an amazing deal if you are just a bit more flexible on your car choice and still meet your overall requirements.
Also use this calculator to work out which loan is most suitable for you : http://www.anz.com.au/personal/personal-loans/car-loan/car-l…
-BMW X1 (Diesel )
Be aware that if you buy a BMW X you'll have to pass the Prat Test at BMW to verify that you can't find the indicators, know how to park over the line, can drive slow in the fast lane, etc.
So salty
This is OZBargain and it goes against our motto when you buy a brand new car. Look up demo or a near new car where you can save $$$ which you can spend on cool deals in OZBargain. As other members advised, it all comes down to the service history and general maintenance of the car. It also comes down to how long you want to keep the car. If for example, you are the type of person who changes cars every 2-3 years then get the used one or if you're the other kind who will run the car down to the last drop then a demo or near new is the way to go. Mind you that there are additional perks on the demo some being dealer extended warranty, free 1st service or capped price service, other goodies like floor mats/accessories or any other promo that they are running at that time which doesnt come or transferable on a used car.
I went for a demo on my current car but being an OZB sat in the yard for 3 hours and haggled the hell out of the salesperson just for the fun of it. He finally caved in and sold me a brand new for 1K more than the demo (Score!!!). Go to the yard towards the end of the month and go in few hours before the yard closing time on that day. More pressure to the salesperson easier for him to cave in quickly. Good luck with the car hunt.
Go to the yard towards the end of the month and go in few hours before the yard closing time on that day. More pressure to the salesperson easier for him to cave in quickly.
Actually that's not true, we want the car off the yard by end of month, not just simply deal done on that day. Come in during the last week, pick something off the yard that you can take home that week, and we'll be happy :)
Nice, thanks for the tip. Yeah…car off the yard before end of the month and no silly offers.
I have bought both of my last 2 cars brand new. Mnaaged to get a brand new Toyota Yaris for $15000 drive away, negotiated it down from $23k.
Just bought a New Mitsi Triton. Original price was $48k, got it for $30k drive away. It was the same price to buy these brand new compared to carsales 4 year old second hand with 100k on the clock.
My experience also. I bought a Volvo a month ago, managed to get about $16K off RRP for an S60 ( I know Volvo often discounts their RRP but even so, $16K??). There were 2 year old cars on Carsales for around the same price for what i managed to get my brand new one (17km on the clock when I picked it up, that is 17 kilometers, basically backing it off the transport ship)!
hi 2jzzzz
wonder how you haggled for that Yaris
incredible good negotiation !!when I bought Mazda 2 2013 on 2014, it was very hard to get it down 1k from the price list
Let me know your sales rep and Ill pick up a triton for that price too
Not going to name the bloke as it was a very hard sell for him, but a SE Melbourne dealer.
Likely the old model when the new one came in, in which case comparing to list price is just ridiculous!
The old shape tritons and challengers are dirty cheap at the moment.
I recently picked up a new challenger for $31.5k, list price was in the mid 40s. Also have a friend here in adelaide that scored a new triton 4x4 for 27 drive away, base model, but still! Dealers in adelaide were fighting over throwing them away.
Personally I would never buy a Demo. have a read what John Cardogan has to say about Demo Cars http://autoexpert.com.au/buying-a-car/should-i-buy-a-dealer-…
Nobody should ever pay RRP for a car. Do your research and screw the dealers negotiating until several of them tell you they cant match your best deal.
Problem with the article is he doesn't seperate much between a dealer demo, and the executive driven cars. These are generally sold differently (1 used is new). Telltale sign is the kms - dealer demo <3000kms, 'executive driven' >3000kms.
I agree that 'executive driven' demos are motoring journalist cars, cars featured in tv shows like The Block etc.
So please don't lump everything under 'demo'.
Oh, and don't believe everything on the net ;)
So you dont think people would 'test out' dealer demos? Particularly if you were looking at a sporty type car? I've tested out a few sporty cars and always tested the standing acceleration and fast cornering, after all if you are buying a sporty car this is what you are paying extra for. I;m not sure I would like the thought that the 3000 kms of my new car's life was spent largely with people testing its limitations. I would also know it had been used as a daily driver by one of the sales guys and potentially, knowing it isn't your own car maybe you don't take the same level of care with it.
Each to their own but I'm not convinced that a demo is worth the risk and I would back myself in to get a deal on a new car very close to the savings of a demo
@2ndeffort: my in-laws bought an executive/demo Peugeot 4007. It was in poor condition for a relatively "new" car. Scratches on the interior and exterior, scuffs on the upholstery. They brought it to my place and we found a fist size dent on the hatchdoor which looked like some one had closed the boot door very very hard on something hanging out of the boot. There were a couple of further issues so they took it back to the dealer whom exchanged it for a new one.
Check out Citi bank loans, I got one for 2.9% and used it to buy a car! They were listed on here
Hi cant find it..any links?
Mazda CX-7 is one of the lowest reliability cars ever made. There's still a huge lawsuit going on in USA about this car. It even has a 0 score out of 100 for reliability lol
http://tradeinqualityindex.com/vehicles/Mazda_CX-7.html
http://topclassactions.com/lawsuit-settlements/lawsuit-news/…
http://www.autoblog.com/2015/11/04/which-car-model-biggest-l…Wouldn't be going near one if I were you…
Go and inspect as much as you can. Spend a few weekends and do your research online using carsales and redbook and other research sites
Make it your informed opinion and you can then buy with confidence
Near new is always better unless you just can't get the new model second hand yet - eg model change and too new
I'd say anything up to 40km
For car loans, ensure it allows extra repayments without penalties and also allows you to clear it if you wanted to do it early in the term. I took out a St George loan and was told I could clear the loan for the life, two years later I asked for a payout figure and they agreed.
For old vs new, old cars definitely better value for money however judging from the posts above if you can get decent discounts $30k vs $50k listed price then I would definitely go for new. Also only buy used if the dealer is willing to extend manufacturers/dealer warranty for a fee. I bought a 5yr old Aurion presara for $18K, at 60,000 km's, $900 for five years premium warranty on major defects. Get an independent verification.Why not buy a 7k sedan. Save for half a year, sell it and get the model you want that is a year younger?
I'd stay away from loans. the interest is too much.
Toyota is forever
Hahahhahahha…… What about Porshce !! lol
Used cars are usually better value, provided they have a good servicing history and well looked after. When it comes to loans, the faster you can pay it off the better, so that the interest doesnt kill you, however that means your monthly repayments will be significantly higher. I recommend paying it as fast as you can afford. Personally in the past, I did it over 7 years just to minimise the monthly amount but I was able to throw extra at it without penalty. So if I was having a tight month I could pay a small amount, if I was flush I could throw a wad at it. Paid it off in 2.5 years.