Should I Buy A New old Model Triton?

subywagon on 22/05/2015 - 00:32

So as some of you may know, Mitsubishi has brought out a new generation of Triton.
I currently own a 1998 MK Triton, which has surprised me with how well it handles itself off road, and also as a work AND family car.

It's now reaching a point where I will have to start pouring money into it service wise. Also I need to modify a few things to it for work and off road use, such as get a steel flat tray, rock sliders, under body protections etc.

My main concern is pouring money into such an old vehicle, that I wont be able to recover even marginally.

Normally I wouldn't buy brand new as I know you loose about 10 to 20k as soon as you drive it off the lot, but now that Mitsubishi has introduced a new generation Triton, the old gen has dropped significantly in price, almost to second hand near new prices I'm considering purchasing one.

I have the cash to purchase one out right, or could get a car loan with a good deposit. I'm not sure which would be the better option.

If I get a car loan I could use the rest of my cash to invest in property.

If I use my cash I'm not paying interest and therefore more for the car… I'm erring more to getting a loan so I can invest my cash into property…

So is the time right to purchase my first new car? Or should I hold onto my old trusty 1998 MK Triton?

I really am a miser. It's hard for me to spend large amounts of money when I wont get much financial return. What do you fellow OZ Bargainers think?

Poll Options

  • 7
    Buy a new Triton while they are cheap?
  • 1
    Stick with my trusty 98 MK Triton
Automotive

Comments

  • 2jzzzz on 22/05/2015 - 01:35
    -2

    Buy the brand new Hilux that's just been announced. Or a new old one

      • 2jzzzz on 22/05/2015 - 12:14

        I know, but he was talking about bash plates and rock sliders, figured he would want a good 4wd.

      • subywagon on 22/05/2015 - 13:59
        +1

        Nah, I'm considering the GLX-R or Warrior. Hilux's are over priced/over rated these days.

  • frondono on 22/05/2015 - 08:42
    +1

    Should of kept the suby wagon.

    • subywagon on 22/05/2015 - 13:57
      +1

      Still got it, RS Turbo ;)

      • frondono on 23/05/2015 - 12:42

        I had a L series before I got a new triton ML and sometimes I think the subaru was better offroad. The new triton I have got has been pretty reliable it has done around 180k and nothing really major has gone wrong with it. There has been a few issues with the manifold and the build up of carbon that mitsubishi have always fixed when it was under warranty relatively hassle free. I since blocked off the egr as the car was recycling the exhaust through the engine and now it is only getting fresh air into it. I have seen the model that you are looking into going for around $26k at some dealers here's one I found just by searching. I have the 3.2L engine that come with a 10yr drive train warranty at the time, so I don't know if it is any better.

  • spackbace on 22/05/2015 - 10:03
    +1

    New old one pales in comparison to the competition in pretty much every aspect. But will be an upgrade over yours.

    How much are they?

  • tomleonhart on 22/05/2015 - 12:04

    "It's hard for me to spend large amounts of money when I wont get much financial return" - Don't buy a car.

  • shadowarrior on 22/05/2015 - 12:45

    I drive a MY15 Challenger, so just one model behind the new Triton announced and am pretty happy with it. It replaced my 2000 Pajero. Friends who have had Hilux, point me towards a Ranger instead. But comparing the price, the Challenger does and takes me everywhere the Ranger can at a much cheaper price.

    I'd go with the new triton or a my15 triton since they will be at a pretty reduced price to make room for the MY16 models this EOFY sale.

    • subywagon on 22/05/2015 - 14:01

      That's what I've been thinking too. My MK Triton has been keeping up with Discovery's and Defenders no problem off road.

  • ESEMCE on 22/05/2015 - 16:16

    Surely the "invest in property" line is the one you want to borrow for?
    1) Interest Rates on a mortgage are far lower than for a Car Loan
    2) You can claim the interest incurred on the investment mortgage against the income you generate from your investment.

  • onlyletters on 03/01/2018 - 11:40

    Did you buy a new triton?

  • myusername on 03/01/2018 - 12:33

    from someone who has driven them as company vehicles over the years stay away biggest pieces of crap, up there with the great wall

Login or Join to leave a comment
Login Join