Should I Buy a 66 Plate Car?
Buying a brand new car is a big investment. We talk you through the pros and cons, to help you decide whether you think it's worth it
Should I buy a 66 plate car? If you’re thinking about buying a car at the moment, then this is probably a question you’re currently asking yourself. It can be difficult to know which is best: splash the cash it requires to buy a brand new car with the latest 66 registration plate; or save yourself some money and buy something that’s already been used by somebody else. It’s about far more than just the condition of the car and its asking price, however. So we’re here to go through everything you need to know about new cars, before you make the important decision about buying one. There are some highly desirable 66 reg cars out there, and sporting the latest new car registration plate is certainly an appealing prospect – but is that worth it?
Pros of 66 Plate Cars
Definitely one of the major appeals of a brand new car is being able to choose exactly how you want your car. You get to pick how it looks, choosing body colour, wheel size and style, trim details, interior seat style and material and dash trim, amongst others things. You get to decide how it drives, by picking the engine, transmission, suspension and wheels to provide the feel, performance and efficiency you want. And you get to choose what the car comes with, from in-car entertainment, to safety equipment, to convenience features. Sure, you might be able to find a car with exactly your ideal combination of all the above – but how long will that take, if you can at all?
A new car, unless there is a defect with it, will be in absolutely flawless condition. They’ll be no niggling little marks to try (and probably fail) to ignore. No tell-tale signs that mark the car out as being used in any way. Generally, it’ll simply be a car you can be totally proud of. And then there’s that new-car smell that you only get once in a car’s lifetime.
Although there’s no guarantee that a new car won’t break down or develop a fault as soon as it leaves the showroom, the fact of the matter is that it’s highly unlikely to. The newer and less used a car, the less likely it is to suffer a technical failure. It will also have suffered less wear and tear, so consumable parts like the clutch, tyres, filters and brake components will have more life left in them before they need replacing.
You can get a warranty with a used car. If you’re buying nearly new, then you’ll usually get the remainder of the manufacturer’s warranty. If you go for something older, you might get a year at the very most, but far more commonly something like three months. Buying new means you’ll get the manufacturer’s full and often very generous term, which is usually three, five or even seven years.
The newest cars come with the latest technology. And, as we know, the pace of technological change is so fast that you’ll want to ensure you have the latest car with the latest tech just to be able to keep up. With so much of life now revolving around smartphones, for instance, it’s desirable to have a car that your phone is fully compatible with, so you can stay connected when driving.
A combination of legislation and customer demand is pushing manufacturers to continually improve the efficiency, and thus the fuel economy, of their cars. Therefore, the newer the model, the less fuel it’s going to use. Obviously, this doesn’t really apply when you’re comparing new and used cars that are of the same specification, but if a new or updated model has just come out, chances are it will save you money on fuel bills.
Dealers are often so keen to sell new cars that the finance packages available for them can be more attractive than those available for used cars. The idea is to make new cars as accessible as possible, despite them being more expensive, so usually they’ll be more affordable, thanks to there being little or no deposit to pay, or the availability of lower monthly payments.
Cons of 66 Plate Cars
Expensive There’s no getting away from it: despite all the above, a brand new car is expensive. You’re paying for all the privileges stated above, after all. Whether you think it’s worth it is purely down to personal preference, but it’s worth bearing in mind that with the attractive finance offers available, the more efficient nature of newer models and the better reliability of new cars, it might work out less expensive than you’d think.
Depreciation There’s certainly no getting away from this one, either. As soon as you drive your car off the dealership forecourt, it loses a lot of money. In fact, as soon as you register it in your name it loses money, because when you do so, it becomes second-hand. And after that, a new car’s depreciation curve is generally steeper than a used car’s. Keep hold of it for a long time, however, and the losses do at least become less severe.
Waiting Times There’s certainly no getting away from this one, either. As soon as you drive your car off the dealership forecourt, it loses a lot of money. In fact, as soon as you register it in your name it loses money, because when you do so, it becomes second-hand. And after that, a new car’s depreciation curve is generally steeper than a used car’s. Keep hold of it for a long time, however, and the losses do at least become less severe.
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Disclaimer: This page is intended to provide information only, it is not, and should not be taken to be advice or an offer of credit. The information is subject to change without notice. Every effort has been made to ensure the accuracy of the information on this page and manufacturers or dealerships may vary the products or specifications of the products they offer. For full terms and conditions contact the relevant manufacturer or your local dealer. Imagery is a visual representation and may not represent the exact products. Please ensure you can afford the monthly payments before signing any contractual agreement. You will not own the vehicle until all payments have been made. Any finance or offers mentioned are not available in conjunction with any other offer and may be varied or withdrawn by the manufacturer or dealer at any time.