Opinions on new car purchase.....
Submitted: Wednesday, May 24, 2006 at 08:44
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chump_boy
Morning all,
The option for a novated lease has come up at work, so we are looking at selling the 105 series, getting a small car for most of our driving, then buying an older fourby for trips, lugging stuff round, and generally having a bit of fun.
The older fourby will either be an old series landrover, or a rangie of some description - doesn't really matter at this stage.
What i want to ask is what do people think of these little turbo diesel peugeot's and citroens? We like the look of them, and they both return around 4-5L/100km on longer runs, yet are pretty quick off the mark (0-100 in around 10-11 seconds).
Does anyone have one, or know anything about them?
I am leaning towards the citroen, just because it is cheaper, has a few more options, and I just like it, but the peugeot 2L is a lot more fun (more power and torque than my 1HZ Landcruiser.....).
Anyway, let me know what you folks think.
CHeers,
Chump.
Reply By: Trevor R (QLD) - Wednesday, May 24, 2006 at 09:08
Wednesday, May 24, 2006 at 09:08
I would also be keen on people's opinion of VW's equivalent to these T/D's.
VW's (in the wagon) has a payload of 670kg I think which would nearly suit some of the smaller runs that I do as it is the same payload as my GU but only 1/3 the fuel bill.
Sorry I can't offer any first hand experience to your decision Chump.
Regards, Trevor.
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Follow Up By: chump_boy - Wednesday, May 24, 2006 at 10:36
Wednesday, May 24, 2006 at 10:36
Hi Trevor,
We looked at the VW's as well, but didn't particularly like them. A bit basic for the money, we thought. Although we were looking at the Polo's and Golf's, not the vans.
And we didn't like the salesman......lol....never helps..
We looked at the Prius as well - god damn thats an expensive car!!! - $50,000 for a bloody corolla that uses the same amout of fuel as a small diesel!
Cheers,
Chump
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Reply By: Truckster (Vic) - Wednesday, May 24, 2006 at 10:37
Wednesday, May 24, 2006 at 10:37
find prices on on servicing and parts for them before you go the dollars.
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Follow Up By: chump_boy - Wednesday, May 24, 2006 at 10:56
Wednesday, May 24, 2006 at 10:56
They offer fixed price servicing, and we are only looking at a 2 year lease, so if anything does break, we will be under new car warranty for the whole time.
Servicing is at 15,000km, and based on our driving, we'll only need 3 for the whole life of the lease.
Thanks for the input - we have been stung by that side of things before....
Cheers,
Chump
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Reply By: camship - Wednesday, May 24, 2006 at 11:18
Wednesday, May 24, 2006 at 11:18
Motoring Journalists allways seem to can peugots and citroens for there build quality and relaibilty.
There general lack of acceptance in Australia by consumers would suggest resale would be pretty ordinary.
If it had to be diesel I would suggest VW as the best of a bad bunch.
Its worth doing the figures though there are plenty of cheaper, better cars on the market with petrol engines, do the sums and work out the difference in running costs.
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Follow Up By: Muzzgit (WA) - Thursday, May 25, 2006 at 00:14
Thursday, May 25, 2006 at 00:14
Damn straight. If you only have the vehicle for 2 or 3 years, the extra you pay for the vehicle will never be repaid in fuel savings.
The money saved in fuel consumption would take many years to recoup the extra $$$ you pay for the vehicle in the first place, not even considering good or bad resale value.
These new CRD use 100% synthetic oils at double the price.
Diesel is more to buy.
The major factor you should be looking at is the price of fuel in 2 or 3 years. You could well find youself owning the most wanted car in Oz while F100's, Patrols and Landcruisers are rusting away on every street corner.
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Follow Up By: chump_boy - Thursday, May 25, 2006 at 08:23
Thursday, May 25, 2006 at 08:23
Now thats the right attitude to have!
lol
Seriously, we are only going the 2 year route, as this is our first non-4WD vehicle, and we don't know if we will like it. At the end, if it is any good, we'll either buy it outright, or sell it, and redo the lease on another new one.
Personally I think these cars are very underated - when compared to a corolla, a honda, or any other regular small car, the safety options and features are amazing.
If we don't like it, 2 years isn't very long.......
Cheers,
Chump
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Reply By: bmwrider - Wednesday, May 24, 2006 at 19:32
Wednesday, May 24, 2006 at 19:32
It is very important to consider the resale value of the vehicle. If the amount that you can sell the vehicle for is less than the residual value as stated on the lease, you will have to make up the difference. If you can sell the vehicle for more than the residual you can keep the extra, tax free. Check the Glass's or Redbook valuations for a similar vehicle after a time equivalent to your lease. I believe VW's retain their value better than the Peugeot and Citroen. IMHO.
Garry
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Reply By: J.T. - Wednesday, May 24, 2006 at 21:38
Wednesday, May 24, 2006 at 21:38
In Europe a few years ago we drove a peugot 405 (10 years old)around for 6 months and averaged 49mpg and we drove like bastards sometimes doing 150kph on the autobarns.Was a intercooled turbo diesel and if I buy a car non 4wd I,d go a little I.C T.Diesel for sure.
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Reply By: Alan S (WA) - Thursday, May 25, 2006 at 08:54
Thursday, May 25, 2006 at 08:54
Chump Boy
With a novated lease you get savings if you do the mileage as the FBT tax rate decreases as you progress over certain thresholds. Generally if you cant get 25000 k's a year the FBT rate makes it unviable. Based on your milage it would appear that you willl be doing less than that, that means you FBT will be 22% of the capital cost.
You might want to consider some road trips in your costing to get the mileage up.
Alan
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Follow Up By: chump_boy - Thursday, May 25, 2006 at 08:58
Thursday, May 25, 2006 at 08:58
Yeah - it's quite amazing actually.
It will cost us less per month to do 25,000km as opposed to 20,000km.
I was playing round with the calculator on the Orix website last night, and it is a bit of an eye opener...
Thanks for that Alan - all input greatly appreciated.
Cheers,
Chump
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Reply By: c j - Thursday, May 25, 2006 at 16:06
Thursday, May 25, 2006 at 16:06
The VW does about 6l/100km and the 2.0 is the pick over the 1.9. There is up to a 3 month wait depending on the model etc. you want and they are selling about 2:1 deisel to petrol at the moment according to the my local VW dealership. I have toyed with the idea of trading the Passat on one for the wife. They go pretty well and the Sportline 2.0 is my pick of them.
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