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New or second hand motor ?
After a bit of advice all. We will be looking at the end of January for our first motor. The company I work for has provided us with a rental 4x4 till then. I know all the pitfalls with new and second hand cars just want to know your experiences with this in Canada. We are thinking of buying new and keeping for a number of years. In my opinion, with second hand you're never really sure of how the car has been looked after previously, so second hand or new??
So far for us, we are looking at the SUV types and have narrowed it down to Ford edge and Jeep cherokee. There is not much difference pricewise between second hand with good milage and new. Please share your thoughts. Thanks. |
Re: New or second hand motor ?
Originally Posted by happyhammers
(Post 11481731)
After a bit of advice all. We will be looking at the end of January for our first motor. The company I work for has provided us with a rental 4x4 till then. I know all the pitfalls with new and second hand cars just want to know your experiences with this in Canada. We are thinking of buying new and keeping for a number of years. In my opinion, with second hand you're never really sure of how the car has been looked after previously, so second hand or new??
So far for us, we are looking at the SUV types and have narrowed it down to Ford edge and Jeep cherokee. There is not much difference pricewise between second hand with good milage and new. Please share your thoughts. Thanks. |
Re: New or second hand motor ?
When we first came we bought two used cars from a well known (in our area) used car dealer, both served us well. However, given that you have to pay HST on used as well as new vehicles, the lifespan of a car here is generally shorter than in the UK and that used cars are not much cheaper than new in some cases we have bought new ever since. Our plan is one new one every 5 years, so my business car is less than 5 years old, and then it goes down the line so second car is 5-10 years old, by which time they are pretty much scrap.
Our son had been driving the first car we got when we moved here but at 12 years old it finally gave up earlier this year and we had to look into a replacement for him. We were definitely thinking used vehicle, but we found that we couldn't get anything less than 5 years old for less than $7k. We then noticed that Hyundai were doing a deal on their Accents $10,400 on the road (only HST on top). Its completed unloaded, ie manual, no AC, and wind up windows, but it has ABS, traction control and power steering. Plus the Hyundai Warranty and free oil changes for life. It was a no brainer for us. |
Re: New or second hand motor ?
If you buy second hand, be absolutely sure to conduct a lien search yourself before parting with any money even if you buy through a well known dealership. E.g. in Ontario:
https://www.ontario.ca/home-and-comm...ct-lien-search |
Re: New or second hand motor ?
HID bought a new car and it seems fine for her needs, a smallish commute and going to the hairdressers. If I need a car I use a work one but in all honesty I tend to take cabs or the bus and if I'm feeling adventurous, I'll walk.
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Re: New or second hand motor ?
Originally Posted by HGerchikov
(Post 11481756)
When we first came we bought two used cars from a well known (in our area) used car dealer, both served us well. However, given that you have to pay HST on used as well as new vehicles, the lifespan of a car here is generally shorter than in the UK and that used cars are not much cheaper than new in some cases we have bought new ever since. Our plan is one new one every 5 years, so my business car is less than 5 years old, and then it goes down the line so second car is 5-10 years old, by which time they are pretty much scrap.
Our son had been driving the first car we got when we moved here but at 12 years old it finally gave up earlier this year and we had to look into a replacement for him. We were definitely thinking used vehicle, but we found that we couldn't get anything less than 5 years old for less than $7k. We then noticed that Hyundai were doing a deal on their Accents $10,400 on the road (only HST on top). Its completed unloaded, ie manual, no AC, and wind up windows, but it has ABS, traction control and power steering. Plus the Hyundai Warranty and free oil changes for life. It was a no brainer for us. |
Re: New or second hand motor ?
Originally Posted by HGerchikov
(Post 11481756)
When we first came we bought two used cars from a well known (in our area) used car dealer, both served us well. However, given that you have to pay HST on used as well as new vehicles, the lifespan of a car here is generally shorter than in the UK and that used cars are not much cheaper than new in some cases we have bought new ever since. Our plan is one new one every 5 years, so my business car is less than 5 years old, and then it goes down the line so second car is 5-10 years old, by which time they are pretty much scrap.
Our son had been driving the first car we got when we moved here but at 12 years old it finally gave up earlier this year and we had to look into a replacement for him. We were definitely thinking used vehicle, but we found that we couldn't get anything less than 5 years old for less than $7k. We then noticed that Hyundai were doing a deal on their Accents $10,400 on the road (only HST on top). Its completed unloaded, ie manual, no AC, and wind up windows, but it has ABS, traction control and power steering. Plus the Hyundai Warranty and free oil changes for life. It was a no brainer for us. |
Re: New or second hand motor ?
Originally Posted by Oink
(Post 11481867)
HID bought a new car and it seems fine for her needs, a smallish commute and going to the hairdressers. If I need a car I use a work one but in all honesty I tend to take cabs or the bus and if I'm feeling adventurous, I'll walk.
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Re: New or second hand motor ?
Depends where you are coming at this from. If you want to spend the absolute minimum averaged month on month, buy an old beater and replace it when something real expensive dies. The (3rd party only) insurance savings alone make it a financial winner.
But most people want a bit more in the way of comfort, efficiency, toys and reliability, and who can blame them. As a cash buyer, unaffected by finance rates, then I would say the best value is in late model year used vehicles, which tend to be ex daily rental cars that has been used 3 to 6 months and then sold used as a 2014 model with maybe 30000 km or less on them. Maintenence isnt much of an issue over that short period and you have the dual benefits of a lot of manufacturers warantee left, and someone else having taken the depreciation hit that new private buyers experience. The big rental companies buy so many vehicles that they get a knock down price and often sell after three months for close to what they paid new. That buying power works in your favour. In Ontario rust will kill a daily driver fairly quickly, 10, 12 years is doing OK for most. There will be exceptions, but generally they will be someones toy/baby, driven at the weekend, washed and put away for the winter. Anything that has been driven through the punishing winter salt exposure routine is likely to rust through before the engine/ transmission die. I wouldnt want to choose between the Edge and the Cherokee, but are too much vehicle for me and I would soon tire of paying for the gas for either. |
Re: New or second hand motor ?
We vote for second hand. Completely disagree with what HGerchikov says sorry but it's nonsense about cars not lasting as long as in the UK and being scrap after 5-10 years and not being able to find anything cheap and road worthy and yes wd have bought cars in Ontario and have had them shipped to Alberta and yes it was worth it each time.
As in the UK it's buyer beware when buying second hand, the same precautions apply, if your not comfortable checking a car yourself, then get it checked out, I believe AMA/BCAA and the like provide this, if your still uncomfortable, then buy from a main dealer with some sort of peace of mind. |
Re: New or second hand motor ?
On the subject of wind up windows I prefer them. With the snow and freezing we have here it's easier, all of my neighbours broke the automatic window things last winter, the plastic couldn't take it and broke.
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Re: New or second hand motor ?
Originally Posted by MillieF
(Post 11481963)
On the subject of wind up windows I prefer them. With the snow and freezing we have here it's easier, all of my neighbours broke the automatic window things last winter, the plastic couldn't take it and broke.
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Re: New or second hand motor ?
Originally Posted by iaink
(Post 11481941)
Depends where you are coming at this from. If you want to spend the absolute minimum averaged month on month, buy an old beater and replace it when something real expensive dies. The (3rd party only) insurance savings alone make it a financial winner.
But most people want a bit more in the way of comfort, efficiency, toys and reliability, and who can blame them. As a cash buyer, unaffected by finance rates, then I would say the best value is in late model year used vehicles, which tend to be ex daily rental cars that has been used 3 to 6 months and then sold used as a 2014 model with maybe 30000 km or less on them. Maintenence isnt much of an issue over that short period and you have the dual benefits of a lot of manufacturers warantee left, and someone else having taken the depreciation hit that new private buyers experience. The big rental companies buy so many vehicles that they get a knock down price and often sell after three months for close to what they paid new. That buying power works in your favour. In Ontario rust will kill a daily driver fairly quickly, 10, 12 years is doing OK for most. There will be exceptions, but generally they will be someones toy/baby, driven at the weekend, washed and put away for the winter. Anything that has been driven through the punishing winter salt exposure routine is likely to rust through before the engine/ transmission die. I wouldnt want to choose between the Edge and the Cherokee, but are too much vehicle for me and I would soon tire of paying for the gas for either. We visited capitalfordlincoln and asked them about the amount of salt they used on the roads in Regina and he replayed "they dont use much salt as compared with the uk" Yeah, and I just came down in the last rain fall. Thanks iaink for your comment. |
Re: New or second hand motor ?
Originally Posted by Piff Poff
(Post 11482001)
Yep, automatic windows do like to freeze, the worst ones ard ones that have to drop before the door can be opened, if those freeze shut, your in trouble!
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Re: New or second hand motor ?
Thanks for all your comments
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