Buy new now or next year

[Saucer]

Hi all, I’ve added a similar question to a similar thread but thought I should start my own because we have a serious dilemma. We’ve been all set on buying next year, when we will have more pre-retirement time. However we are very tempted by the current discounts and have a specific van in mind in a big dealership. They have been in touch and we are wondering whether to make an offer a bit below the discounted price. We are cash buyers with no trade in so I would suspect are attractive to them.

What I am trying to weigh up is the costs of spending the money now, paying for insurance and storage (albeit it would get some weekend use) against what the market will be like next year. To add to that I think I prefer the current Ducato (and 9 speed auto) over the next series in terms of looks at least.

Do you very knowledgeable and experienced folk have any thoughts or suggestions?
Thank you

 

[steve69]

Also consider the upcoming budget by the Labour chancellor. I'm expecting big tax hikes for motorists of all forms.

 

[CazPaul]

I haven’t a clue but what I will say is it is a lovely problem to have.

 

[The Wino]

I'd make a cheeky offer and amount that you're going to be really happy with. If you're in two minds anyway you can always go higher and it's not the end of the world if they sell to someone else . If there's a facelift coming out the last of the old ones will probably depreciate a bit quicker

 

[DuxDeluxe]

I'd make a cheeky offer and amount that you're going to be really happy with. If you're in two minds anyway you can always go higher and it's not the end of the world if they sell to someone else . If there's a facelift coming out the last of the old ones will probably depreciate a bit quicker

That is a good idea

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[tonka]

You mention "specific van"... What if that van goes, would you be very dissapointed ?
If you made an offer that covered you for insurance and storage etc then maybe now is the time..
Get turned down and you've not lost anything. If it's still there in a few months or they start calling you about it then you may have the upper hand, remember that in winter it is generally a quiet time for motorhome sales. Plus remember to haggle at the end of a month whe they are trying to get their sales figues up..

There seems lots of rumours of declining sales in motorhomes and a buyers market.

 

[Lenny HB]

Buy it now and get some use out of it if it's the van you want. Once they have shifted excess stock prices will go up again, as manufacturers prices aren't coming down.
No trade in as a good position to be in, don't think cash bothers them as they get commission on finance.

 

[hja]

I’d go now if it’s the van that you want. If they turn down the offer, nothing lost. What I read tells me the market may drop a bit, but who knows. A few weekends a way would let you sort out the teething problems over the autumn and ready to go from the spring. If they don’t accept your offer consider asking for any extras you might want to be included in the price.

 

[PlacidoD]

I bought at what I suspect was top of the market late March this year. (And so glad that I was not shelling out £80-100k!!!)
However I got the right van at the right price for me and I have not seen another of the same marque and spec with full service history this summer so I will live with my guess at a circa 10% reduction in value on my modest purchase price.

There are indeed some very attractive offers out there. And who know what will happen next week let alone next year! If you have a specific model in mind and are buying new then unless there are clear indications of an upgrade in the pipeline I would "geronwi'it!!"

 

[rolosroller]

as said just offer a few grand less .Life is a gamble .

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[Landy Andy]

Get it now. Then you can get any problems sorted, so will be perfect for when you have the time to use it more.

 

[Bonsaiman]

If you made an offer that covered you for insurance and storage etc then maybe now is the time..

This ^^^^^^

If they don’t accept your offer consider asking for any extras you might want to be included in the price.

Also try this^^^^

No trade in as a good position to be in, don't think cash bothers them as they get commission on finance.

My son got a better deal with decent down payment and finance, than with cash only, as it included three years free servicing and MOT and break down cover, then ditched the finance in the cooling off period and paid cash but kept the extras as they cannot be tied to the finance. Admittedly was for a used car but maybe see if they offer something similar with hab check, servicing etc

 

[Lenny HB]

My son got a better deal with decent down payment and finance, than with cash only, as it included three years free servicing and MOT and break down cover, then ditched the finance in the cooling off period and paid cash but kept the extras as they cannot be tied to the finance. Admittedly was for a used car but maybe see if they offer something similar with hab check, servicing etc

Car dealers hate cash sales a big chunk of the income is from finance commission.
Motorhome dealer are used to cash sales as a big chunk of their buyers are us oldies.

Last car I bought new, I took the finance saved £1000 doing so & paid it off after a month.

 

[Saucer]

What are the rules with that? Do you have a cooling off period with finance? They seem to offer finance on basis of hire purchase which seems to have strings and penalties attached

 

[Lenny HB]

What are the rules with that? Do you have a cooling off period with finance? They seem to offer finance on basis of hire purchase which seems to have strings and penalties attached

You need to read the small print but I think these days they can only charge interest for the time the money was outstanding, not like in the old days when they could charge you for the full term.

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[Just us on Tour]

Hi Saucer

If it’s a brand new van then taking some on finance is always an advantage if you should ever have any warranty disputes . I am in a similar position to you except I do have a PX . There are some very good deals around at the moment . That said, dealers can’t afford to keep reducing and selling MH at a significant loss. My concern is if a dealer offers a really silly deal with a massive discount, one has to consider are they doing it just to turn cash over . What I mean is if they are in a desperate financial position they may not be able to continue trading to support any warranty claims or issues you may have in the future. With so many dealers going bust , for me it’s certainly a consideration. Do I see manufacturing costs going down ?No, not really. The cost of living is so high so manufacturers are finding it difficult to stay competitive. Any discounts that are offered are mostly out of dealers margins. A lot have huge finance payments to make each month as they have borrowed money against stock. So yes they will be keen to do a good deal but my worry would be if the deal is too good to be true they could be struggling for cash and without profit , like all business it’s a slippery slope one way .
Just a thought .