Advice on new car

R

Robvd

Well-Known Member
Joined
Aug 18, 2010
Messages
268
Reaction score
20
Location
Cape Town
Morning Guys

Just wanted to get some advice of possible.

I accepted a new job offer this week and will be driving from Plattekloof to Stellenbosch daily (about 90km round trip)

Currently I own a 2012 3dr Fiesta 1.6 Titanium, leather seats, pdc, the works and I paid off the car a few months ago.

I am thinking of selling the curent Fiesta and getting a 2016 Fiesta 1.0 ecoboost powershift Ambiente,

Reason being that I will be doing about 27000 KM per year just to work and back, and have no warranty on my current Fiesta, also the fuel expense should be much lower on the 1.0 turbo.

Any advice or suggestions?

I test drove one of the powershift fiestas and they are extremely impressive.

Thanks.
 
you have a free car , why do you want to put yourself more in debt

your 2012 model wont need as much attention as you think

keep the normal service and should be fine.
 
I don't think the fuel saving will be really worth it, the 1.0 ecoboost does not get anywhere near the rated fuel consumption. You will probably be doing 7L/100km on that trip.

The 1.6 NA motor is probably going to going last you quite long, the ecoboost is prone to failure after a while not to mention that dual clutch gearbox which can fail also.

I would rather spend the money on a optional warranty on your 1.6 fiesta as you do have top spec model with leather seats etc.
 
I.am.Sam said:
you have a free car , why do you want to put yourself more in debt

your 2012 model wont need as much attention as you think

keep the normal service and should be fine.
Click to expand...

+1

The cost of the new car will be so much more than the odd service here and there and the petrol consumption difference, put some money each month aside for maintenance.
 
New job, means increase in pay, means he wants a new car, maybe? My advise, don't buy ford, but that is my personal opinion, because of the bad experiences I've had.
 
SharkBait said:
New job, means increase in pay, means he wants a new car, maybe? My advise, don't buy ford, but that is my personal opinion, because of the bad experiences I've had.
Click to expand...

If he should not buy a car because someone had a bad experience with a certain brand, he must buy a bicycle then. There are horror stories from ALL brands.
 
Robvd said:
Morning Guys

Just wanted to get some advice of possible.

I accepted a new job offer this week and will be driving from Plattekloof to Stellenbosch daily (about 90km round trip)

Currently I own a 2012 3dr Fiesta 1.6 Titanium, leather seats, pdc, the works and I paid off the car a few months ago.

I am thinking of selling the curent Fiesta and getting a 2016 Fiesta 1.0 ecoboost powershift Ambiente,

Reason being that I will be doing about 27000 KM per year just to work and back, and have no warranty on my current Fiesta, also the fuel expense should be much lower on the 1.0 turbo.

Any advice or suggestions?

I test drove one of the powershift fiestas and they are extremely impressive.

Thanks.
Click to expand...

So let me understand this broken logic...

You have a car that is bought and paid for and hasn't given you any trouble and is basically brand new.

You are starting a new job with probation period of 3-6 months presumably and immediately want to enter into a 5-year finance agreement off the back of this.

You have a car that does 6.5 - 7.0 l/100km which you want to change for one that does 6.5 l/100km.

So basically you want to spend R5000 a month for virtually no benefit at all.


The core problem with your logic is that "the fuel expense should be much lower" which in reality it actually isn't.

And even if it were half the usage of the current one you have....it's still R5000 a month which negates any saving at all.


You will effectively be spending money a few thousand rand to save a few hundred rand, which means you aren't saving anything at all.


What you can rather do is take that R5000 a month and put it away into a fixed deposit account through an automatic transfer as if you were paying a debit order.

That becomes your warranty and you pull money out of that (should you ever need to) and service the car and replace tyres from that money you were willing to blow on virtually the exact same thing anyway (good god man, if you are buying a new car at least buy something different).

Come the end of the year you leave R15k in there, pay me R5000 for this excellent advice and take the other R55k that remains and use it as a bonus to go on holiday or pay off your house.

Or move it all out into an investment so you can retire more comfortably. Or even better take half of what's left and invest it and the other half as a bonus.


****

THIS is the moment where you decide to become rich in the longterm or stay poor by keeping up with the Jones' and pretending in the short term.

Don't be like all the other fools and piss your money away on a car. Especially not when you have a perfectly good one.

R5000 p/m at 5.75% (Fixed Deposit Rate, much more when invested) over 10 years is R812,247.52.

Just consider that for a moment and compare that to a new car and then ask yourself which one will really improve your life.
 
Last edited:
Keep the car, get an aftermarket warranty. You will save much more than buying a new car.
 
Eti1 said:
Keep the car, get an aftermarket warranty. You will save much more than buying a new car.
Click to expand...

That is just as much of a waste of money, for something that might never happen or be required.

See above.
 
I had a similar argument with a person at my work.He wanted to trade his car in for a fuel efficient brand new ecoboost.His car was still owned by the bank with 50% of the payments made.I still cant understand this guys logic, but to me it just looked like he was trying hard to justify the purchase of a new car.

Some people just want / need a change.Im getting to that place slowly,Ego is a bad thing especially when it comes to cars and changing jobs.
 
Eti1 said:
Keep the car, get an aftermarket warranty. You will save much more than buying a new car.
Click to expand...

i dont think he even needs an after market warantee ...
what are the chances of that car breaking completely

he would need to do the normal year service and changing of few parts
 
Batista said:
I had a similar argument with a person at my work.He wanted to trade his car in for a fuel efficient brand new ecoboost.His car was still owned by the bank with 50% of the payments made.I still cant understand this guys logic, but to me it just looked like he was trying hard to justify the purchase of a new car.
Some people just want / need a change.Im getting to that place slowly,Ego is a bad thing especially when it comes to cars and changing jobs.
Click to expand...

There is no reasoning with that, makes me mad when they pretend to be looking for advice. *Not directed at OP*
 
I.am.Sam said:
i dont think he even needs an after market warantee ...
what are the chances of that car breaking completely

he would need to do the normal year service and changing of few parts
Click to expand...

Agreed, the Fiesta is usually pretty solid. But one of OPs concerns was the fact that it was out of warranty. Simple solution is to get one.

I think we can all agree that he doesn't need a new car.

/b4 someone suggests, "go for it bra. Turbo is life".
 
Thanks for the advice guys! Just what I needed.

Just a note.. I wouldn't have financed anything, I just needed to pay like R40k extra to get the ecoboost when I sell my current one.

But yeah, your advice makes more sense, I will put away some money incase anything breaks on the current Fiesta, replaced the tyres a few months back as well.

I have not had a single issue with this car so I think I will keep it then and count my blessings :crylaugh:

Cheers
 
Eti1 said:
It may never be required, yes. Like insurance. You would advise against that too?
Click to expand...

No definitely not because a R250k loss isn't something the OP would be able to stomach. Not to mention the third party claim potential.

But R5000 a month he was willing to spend anyway kept aside for an emergency fund? That will negate the need for a warranty and means no money spent for what "might" happen.

If something breaks it's covered. If not OP gets a nice bonus.

Warranty on the other hand costs a lot of money up front, may never be needed...and OP gets nothing for it. Also it expires in 2 years and X kilometres.

It's just not good financial logic all other factors considered.

****

In an order of priority though buying a warranty makes more sense than buying a new car, so in that light I would agree.

1. Save for your own warranty.

OR

2. Buy a warranty.












































































3. Buy a new car.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X