Originally Posted by serpenteatsman
Well many manufacturers run a PCP scheme for used cars so not sure access to PCP by itself is argument for buying new - I think the most powerful reason is the ability to tailor the car precisely to one's requirements, as well as the considerable emotional pleasure involved in taking delivery of a brand new car.
It's also not simply about depreciation either. Some marques - including Alfa and Saab - suffer such high depreciation that they represent brilliant buys as 1-2 year old cars where the buyer is prepared to suffer higher depreciation over the next couple of years since in absolute terms this is much lower than the initial hit from new.
All down to individual needs and preferences I guess.
My original point (see earlier in the thread) was exactly that - the "value" of buying new can often be emotional and the pleasure of sitting in a new car was worth, for some, the depreciation.
I didn't say it was all
about depreciation. I agree, and said, it's about the profile over whatever period we intend to use the car - be that new to three years, nearly-new to end of life whatever. My point is that, again earlier in the thread, the point was made that buying nearly new was a "smart" move, whereas buying new was not necessarily so.
All I was saying, partly tongue in cheek, was that if we really were trying to be smart with money, i.e. that was the driving force behind the decision, then we'd probably be considering a much broader range of cars. As you say, what's really happening is people are justifying their decision, whatever that may be, on a whole raft of personal preferences, prejudices, cicrumstances etc.
I must say I didn't know manufacturers offered PCP on used cars, finance yes, but PCP is new to me, so I am glad it's available and it will change my own personal circumstances yet again! More calculations ahead!