New car...possibly delayed.

[macklij]

Originally Posted by AdamC86

I used to work for the country’s largest private plate dealer, and the registration month of your car still affects the value greatly, I’m afraid. It’ll still either be an 08 or 68 registered car and one will be worth a lot more than the other. Plus now the expense of your private plate on top of that.

New plate ‘syndrome’ isn’t about things looking new and shiny or showing off — it’s the simple fact that buying an 08 car in August is going to lose you money when you come to sell (or hand back, if you do leases).

Thanks. The point for me is that I disagree with a plate showing the car's age. It creates a jusgement in some people's eyes. I am currently driving an 56 plate Volvo V50 T5, which I have had from new. I love it, but I get constant comments from people at work saying 'you're a director, you can afford something better' and end up feeling I have to justify driving an old car. When the V50 was new, I used to get the 'they pay you too much' remark, so it works both ways.

It's not a big deal, but I'd prefer the system some other counties use where the plate follows the owner. So for my new car I am considering a private plate, so that people won't know just how new/old it is (unless they are a Volvo nerd). That said, I'll probably get private plate comments

[Ringthane]

You will if you manage to get hold of A1.

[MaDProFF]

I have a private plate, which I bought many many years ago dirt cheap with the money I saved on buying a car 3 weeks before reg change, the money I saved was only half of the plate, so I treated myself.

Of Course you pay to transfer it, as most who buy a private plate tend to want it for life.

I think cars on private plates are less likely to be stolen,

I might Add some private plates are pig ignorant and arrogant and owner wants shooting. A Plate for me is a personal thing, people know it is my car, it relates to me. I wish I could have found a plate for my GF as well with both our initials, (the Plate is out there) but not available.

I was hmm and ahhing about another plate that is available with VOL on the end, and my initials in the front, quite cheap, but it is only for a Volvo, and my next car will probably be something else.

If someone wants a private plate good luck to them,

[AdamC86]

Originally Posted by pagan8c

Can you explain how it makes a difference to lease cars when there is no part exchange value since you are just handing the car back to lease another 1. The only way I can see it affecting lease cars are if you lease 1 in September it will cost less on the lease cost.

Your GMFV will be affected, which in turn affects your monthly payments.

[AdamC86]

Originally Posted by macklij

Thanks. The point for me is that I disagree with a plate showing the car's age. It creates a jusgement in some people's eyes. I am currently driving an 56 plate Volvo V50 T5, which I have had from new. I love it, but I get constant comments from people at work saying 'you're a director, you can afford something better' and end up feeling I have to justify driving an old car. When the V50 was new, I used to get the 'they pay you too much' remark, so it works both ways.

It's not a big deal, but I'd prefer the system some other counties use where the plate follows the owner. So for my new car I am considering a private plate, so that people won't know just how new/old it is (unless they are a Volvo nerd). That said, I'll probably get private plate comments

You might well disagree with it - so do I - but unfortunately we’re both in the minority and the simple fact is that it does affect the car’s value. So, for the sake of waiting 3 days to save a bag of money, I’m happy to do it...

[AdamC86]

Originally Posted by Ringthane

You will if you manage to get hold of A1.

I don’t think that plate exists any more. I’ve half a memory it never actually did, but it’s been about ten years since I worked in the industry so can’t really remember. I recall F1 sold for around half a million quid, though, so A1 would certainly fetch a few bob...

[simonjedrake]

Originally Posted by AdamC86

You might well disagree with it - so do I - but unfortunately we’re both in the minority and the simple fact is that it does affect the car’s value. So, for the sake of waiting 3 days to save a bag of money, I’m happy to do it...

Totally agree with you as surely anyone selling a car with a Private Plate will keep "their" plate when the car is sold when DVLC will then reregister the car with a new plate showing the car's "original" year..........

[pagan8c]

Originally Posted by AdamC86

Your GMFV will be affected, which in turn affects your monthly payments.

Yes I understand that, but if the lease contract has the same figures per month then it doesn't matter whether the car is 08 or 68 as the payments are the same and you are handing the car back to the lease agent after . It may be the lease agent takes a hit but that will depend.

[AdamC86]

Originally Posted by pagan8c

Yes I understand that, but if the lease contract has the same figures per month then it doesn't matter whether the car is 08 or 68 as the payments are the same and you are handing the car back to the lease agent after . It may be the lease agent takes a hit but that will depend.

OK, so let’s say you pick up your 08 plate car on 31 August and I pick my 68 plate car up on 1 Sep. The very next day. We pay the same amount. Fast forward to August 2021 or whenever the lease deals end. Your car appears to be six months older than mine, whereas in reality it’s only a day older. The reality doesn’t come into it, though. It’s an 08 versus a 68.

If you decide to literally hand the car back and walk away because you’ve decided you don’t want a car any more, it’ll make no real difference. But if you’re moving onto a new lease deal, your equity in the deal will be much lower.

(Might I just add that this confusion is one of the many reasons why I no longer do lease/PCP/HP areangements...)

[Philip Fisher]

Originally Posted by AdamC86

OK, so let’s say you pick up your 08 plate car on 31 August and I pick my 68 plate car up on 1 Sep. The very next day. We pay the same amount. Fast forward to August 2021 or whenever the lease deals end. Your car appears to be six months older than mine, whereas in reality it’s only a day older. The reality doesn’t come into it, though. It’s an 08 versus a 68.

If you decide to literally hand the car back and walk away because you’ve decided you don’t want a car any more, it’ll make no real difference. But if you’re moving onto a new lease deal, your equity in the deal will be much lower.

(Might I just add that this confusion is one of the many reasons why I no longer do lease/PCP/HP areangements...)

That makes no sense. With a lease you are simply renting the car on a monthly basis. There is no equity at the end. Just pay up for 36 months (or more likely 35+6) and then after 36 months the car goes back and you have no car.