Vehicle prices

WaxLyrical said:
Given the long term cost of repairs and maintenance, the idea is to never own a car. Keep trading in and refinancing everytime the motorplan is about to expire.
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This is really stupid. Your avoiding a once in a lifetime event of doing some major repairs. By losing 20% plus on depreciation each year.
My services and maintenance on a old car is way cheaper than a new car.

A way beter argument would be just that you like a new car more and can afford it.
 
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rietrot said:
This is really stupid. Your avoiding a once in a lifetime event of doing some major repairs. By losing 20% plus on depreciation each year.
My services and maintenance on a old car is way cheaper than a new car.

A way beter argument would be just that you like a new car more and can afford it.
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Whether you like it or not, that vehicle will depreciate. Id gladly spend a bit more for the piece of mind of knowing Im always covered, should anything go wrong.
 
WaxLyrical said:
Given the long term cost of repairs and maintenance, the idea is to never own a car. Keep trading in and refinancing everytime the motorplan is about to expire.
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Lol. With this mentality you will end up 65 years old, still renting, no retirement and or savings, but hey you will have a new GTI!
 
thechamp said:
The guys driving those cars earn way less than that.
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But how? I was looking at a Tucson or sportage and earn over R70k ctc and although I could afford it I walked away thinking in the next 4 months seeing that debit order go off would give me nightmares
 
WaxLyrical said:
Whether you like it or not, that vehicle will depreciate. Id gladly spend a bit more for the piece of mind of knowing Im always covered, should anything go wrong.
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you can get that same piece of mind with knowing how to fix the car if it breaks, and old cars with accelerator cables and steering columns are quite easy to fix if they break
 
supersunbird said:
A Figo or Polo Vivo is taboo to them, got to be much more extensive than those, right?
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People just take this car thing too serious, I am having trouble helping my sister find a car, she does not earn much and already paying for a bond she honestly cannot afford any extra installment. She's saved about R80k which is not a bad amount, trouble is she has a whole different take on things, she does not want any car that any of her colleagues has? At times she even considers financing one just for the sake of having a different car, I only realised now how some people see things very different when It comes to cars.
 
rog163 said:
Let the first guy buy it new, than buy it off him 2-3 years later and you get a 500k car for 300k.
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My car had a new price of over half a bar, with the options included, I bought it at 1 year old and 40k km, for under 300k. These idiots buying new are the only reason a pleb like me can afford to buy nice(ish) cars.
 
thechamp said:
People just take this car thing too serious, I am having trouble helping my sister find a car, she does not earn much and already paying for a bond she honestly cannot afford any extra installment. She's saved about R80k which is not a bad amount, trouble is she has a whole different take on things, she does not want any car that any of her colleagues has? At times she even considers financing one just for the sake of having a different car, I only realised now how some people see things very different when It comes to cars.
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I had to advice a female friends or buying a car recently in the similar price range, she was looking at things like 2.4l Dodge Calibers, Freelander 1s, thank god I dissuaded her from the old SUVs in the end.

Didn't get what I was recommending (2016 registered, old shape Figos with 50 000km on the clock, old Demos at a Ford dealership at R130 000 that she would only have had to finance a little bit on), but at least got something a bit more sensible (2010 Fiesta Titanium).
 
Noseworthy said:
Can someone shed some light. First off I earn a good salary but can’t understand the following:

There are many vehicles on the road the cost over R500k. So how do people afford these?

I can’t imagine seeing a debt order go off every month for 8k.
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Keep in mind what you consider a "good salary" isn't always a good salary. I also thought I got a "good salary" until I checked the scale thingies they worked on and see I fall in "emerging lower class". Explains why I can't afford a R500k car - at all.
 
Car's are just not that affordable. I drive a 2011 BMW and I loathe the day that something happens to it because there is no way I will buy another car like that again. It's probably worth R170k or less at the moment so I'll just get a second hand something cash after that. Like an I20 or something.
 
Noseworthy said:
But how? I was looking at a Tucson or sportage and earn over R70k ctc and although I could afford it I walked away thinking in the next 4 months seeing that debit order go off would give me nightmares
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I was offered a Tucson for a debit order less than my 2nd hand Ballade. Could also have bought a new Fortrunner for same debit order.

Balloon payment and driving cars you desire but cannot afford is how people buy them.

Just check the response you get from sales guys when you tell them you only buy with no residual. They immediately pass you on to a more junior guy as they can no longer up-sell you.
 
I'm not quite sure I get the question.
There are lots of people that have lots of money so can afford these cars.
Paid off house maybe? Kids out of school, plenty disposable income.
I never quite get the confusion around people buying expensive cars; we all spend money on something, some people spend money on cars. Just because it's not the decision we would make doesn't mean it's a bad decision.
*Disclaimer - don't have an expensive car. Paying stupid school fees though so once the kids are out the house I'm buying a Ferrari.
 
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