Advice needed to buy a car

• 

  RobMel on 30/01/2016 - 16:32

  would take a total cost of ownership approach.
  Car purchase price and stanp duty $assume $15,000)
  and resulting finance cost about $750 based on above at 5%
  (approx 5% per annum even if you pay outright, otherwise you could still invest the money or offset against homeloan)
  loss o value/depreciation per year about 20% give or take, about $3000 initial year, then absolute figure decreasing
  Fuel approx 10c/km, 25k = $2,500
  Rego $800
  Insurance $1000
  Service and repairs $2000

  Total: about $10,000, fuel is only a quarter, change in fuel consumption won't make a huge difference.

  Best advice, look for a car that retains value and has low annual maintennace cost.
  Actively seek to reduce actual KMs you drive.

  All just rough figures
  You may find fuel is not such a huge component at the end, usually depreciation

  • 

    ozhunter on 30/01/2016 - 16:38

    Service and repairs $2000

    For 1 year?

    • 

      RobMel on 30/01/2016 - 16:41

      Basic service by itself no, but also allow for tyre changes, major service some unscheduled repairs on average I would suggest setting $2000 a year aside would be good advice..once bought a car and didn't get it checked, first service and repair was $8,000 lesson learned :P

      • 

        ozhunter on 30/01/2016 - 17:05

        +1

        Depends on the car, but the OP wants to get a 2015 model. Any repairs needed would be covered by warranty.

      • 

        RobMel on 30/01/2016 - 17:07

        @ozhunter:
        It is an average per year not only for first year, also not all repairs are covered by warranty, also tyres etc are not.

        The $2000 per year is average.. you can argue and split hairs.
        Me out

• 

  oscargamer on 30/01/2016 - 17:09

  +1

  do you like it?

  can you afford it?

  if answered yes twice, buy it….

  BUT….which model? why did you choose that car? why buying a new 2015 when you can buy a new 2016? (yours will be instantly 1 year old when it comes time to sell), does it have tint, mats, everything you want?

  • 

    brilli on 30/01/2016 - 20:23

    I finalized 4-5 cars. Everything else except this are old ones and they come around 10-12k with no warranty or dealers warranty. But this is a new car in clearance with 5 years manufacturer's warranty for 15K. I am on P license, so thinking manufacturer's warranty would suit better for me. Not sure whether it is worth paying 4k extra for manufacturer's warranty though.

    MODEL:HYUNDAI ACCENT HATCH 5D ACTIVE 1.4P AUTO 2015 (BLACK).

    Yes, I can afford this car and I'm planning to buy outright.My budget is 10-13k but I am happy to pay upto 17K if I get a good one. This car doesn't have tint and I'm not sure about mats.

    The 2016 model are expensive.

    Any suggestions would be much appreciated!

    • 

      oscargamer on 30/01/2016 - 21:36

      +2

      DO NOT BUY extra warranty, or paint protection, or any BS treatment on the seats or anything else the stealership tries to sell you…..

      send this guy an email and get a quote from him

      http://autoexpert.com.au/contact-save

      it's free

      ask for that model, year, colour etc… add mats and tint as required

      see what number he comes back with

      $50 he's the cheapest you'll get

• 

  davidem on 30/01/2016 - 20:28

  I bought a 2010 Hyundai iX35 top of the line & had it 5 years. Not an ounce of trouble & can vouch for Hyundai reliability. Only sold due to caravan purchase & need for heavier tow vehicle.