Why Would One Buy Conventional Car in Current Market Conditions??

LOzzyBoy1 on 30/03/2023 - 11:21

What i don't get is this..I know this is one more car purchasing thread..

But allow me to explain.

A) Inflation is still red hot, cost of living is through the roof. Affordabilitly of anything shinly is pretty low or none (unless you're born millinaire..)
B) There are almost no discounts on new cars from dealers due to low stock bla bla bla
C) EV market will be very big in couple of years time I believe. I know this is open for discussion and EV (Tesla etc.) are going to be game changer (at least I believe that..)

Given above reasons, why would someone think of buying brand new conventional fuel (diesel, petrol ) car?

I drive Sportage Kia and that too Diesel which I bough pre-covid and have been contemplating getting something bigger and at least hybrid electric vehicle. But due to multiple reasons I have been unable to get anything concrete done in this matter. I am pretty conservative and don't want to add car loan as getting car loan for new car doesn't sit well with me financially and that's main reason withholding me back for any car type. Yes if you have business with ABN etc. than that's different story. I try not to use my diesel car unless i really need to due to prohibitive diesel costs these days.

I really want nice 7 seater (Kluger Hybrid..??) but been unable to get anywhere due to multiple reasons stated above. Don't want to spend $70k on brand new car and that too through car loan. $50k may be yes, $70k..NO..

Or am I missing something altogether??

Automotive

Comments

      • greatlamp on 01/04/2023 - 09:39
        -1

        The federal government will eventually scrap fuel tax and apply per km fees to every road user. At the moment EV owners are not contributing to road maintenance costs, when they become a significant proportion of the population it's inevitable that they will need to be taxed.

        The VIC government is just ahead of the game.

  • OzzyOzbourne on 31/03/2023 - 11:24

    Cost, availability, suitability

  • Jamesrulez1 on 31/03/2023 - 11:26

    Have more than sufficient disposable income (after mortgage, travel and other expenses) so what else am I going to spend it on?

    Also being from a younger generation, I want to try gas cars before the market all switches to EVs.

    • greatlamp on 01/04/2023 - 09:51

      I suggest a Mercedes c63, w204 series or newer (2009 onwards).

      The w204 series are the first where Mercedes build quality picked up to put them at the top of the market.

      The c63 is a 6L v8, 4.5s 0-100.

      Since they are expensive cars, previous owners generally look after them.

      Compared to what people want for a v8 Holden, it's good value, significantly higher build quality, and luxury car interior (probably better than what you get in a Tesla IMO). They have increased in price over the last few years as v8 euros are now only available in supercars.

  • lew380 on 31/03/2023 - 11:57
    -1

    Electric cars have big batteries, it's not feasable for everyone to have an electric car with the way technology is going except for some battery revolution. If in 10 years no ice cars exist, we will be the peasant class who will not be authorised to own a car, the elites will only have a car. I like electric cars, but it's a pipe dream, electric cars will destroy the earth when we have to "recycle" them.

    • us3rnam3tak3n on 01/04/2023 - 01:57

      Time to opt out of the brave new world and get a horse and carriage?

      • lew380 on 03/04/2023 - 07:50

        Diesel or petrol, horse if you want.

  • drprox on 31/03/2023 - 13:33

    Because some people have more money than you OP… sorry…

  • CowFrogHorse on 31/03/2023 - 13:39
    +2

    EV cars are not game changers.

    Too many people are still driving everywhere for hours a day.

    Nothing has actually changed.

  • TRANCE on 31/03/2023 - 13:53

    Is no one talking about how EV's are currently disposable cars? In 10 or so years when the vehicle is worth less than half of it's original value, who is going to spend 20k on replacing the battery?

    • us3rnam3tak3n on 01/04/2023 - 02:06

      Plenty of people are talking about it. Do conventional vehicles retain more than half their value after ten years? Batteries are typically guaranteed to have 70% capacity at 8 years iirc, which is still pretty handy. It's very hard to predict what the market for replacement batteries will look like in 10-15 years when they're no longer fit for purpose. As others have suggested they may be better suited to fixed installations at that point.

  • Hearthstone on 31/03/2023 - 14:25

    When Toyota Land Cruiser comes out with an EV that when I go EV

  • R4 on 31/03/2023 - 15:21
    +1

    I'll get my first EV when:
    Range is 700kms minimum at highway cruising speed
    Can be recharged from 10% to 100% in under 10 minutes.
    When 90% of servos have at least 10 ultra-fast chargers - but preferably many more.
    Can drive on the beach, off road, through shallow water etc without any issue.
    Cost around $50K (in today's money).

    I'll still be keeping a diesel vehicle as well though.

    • compugrid on 02/04/2023 - 20:54

      and you will keep yr diesel one for your life time.

      • R4 on 03/04/2023 - 09:16

        The day before they are finally banned from being bought, I'll be buying three.

  • morebunnings on 31/03/2023 - 15:39
    +1

    Currently looking for a new ute, as I've had a few issues with my current one.

    Nothing really exists in the EV or Hybrid ute market, unless you want the LDV electric ute, with a 330km range for $93k.. They're Dreaming!

    Re the price increases - I don't think cars are going to come down much from their current pricing. Even if they come down a bit they will keep getting pushed up by the 5%+ inflation each year that we are currently seeing.

    With inflation the way it is, it makes sense to buy now (if you can afford it) as it'll be more expensive next year. You can also sell your old car for top dollar to offset your new cars cost.

    • morebunnings on 31/03/2023 - 16:57

      Ill also add - I put a $150 deposit down for a cyber ute 3.5 years ago, in Nov 2019. If the promised cyber ute was here, at the ~$40k usd = ~$60k aud + say $10k tax = $70k advertised price, I would totally buy one. But I dont see it, or a comparable electric ute around that price coming up any time soon.

  • FlyingMiffy on 31/03/2023 - 16:04

    The OP feels entitled to a cheap people moving EV. Somebody hand him some tissues.

  • kevkay on 31/03/2023 - 17:15

    i've missed the point of this post

  • Oz em on 31/03/2023 - 21:28

    Because you actually need a new car now not in years time and evs are not in the available budget.

  • Yoo05 on 31/03/2023 - 21:41

    EV when they are 30k range.
    Depends on the usage, no point buying ev just to go to shops and in town doing low kms.

  • Lancerx on 31/03/2023 - 23:42
    +3

    Australia is too bloody big and spaced out for a proper full EV roll-up, at least not in the next decade i reckon..one could even argue ICE vehicles could even appreciate in the future.

  • bobolo on 01/04/2023 - 10:07

    Stick to petrol/diesel

    EV's are still an emerging technology. Current models will look like floppy disk's in a few years.

    Also, people claiming ICE vehicles will be defunct in 5 - 10 years are delusional. Look around the streets today - most cars on the road are 10 years or older, because the majority do not have anywhere near the financial means to spend $60k+ to "save" $100 a week on fuel

    • Leadfoot6 on 02/04/2023 - 00:28
      +2

      Currently, I spend $40-50pw on fuel and I don't see that increasing much in the medium term.

      It makes the sums for me even LESS likely that I will buy an EV.

  • knk on 01/04/2023 - 12:11

    Because I wanted a dual cab ute with a decent towing capacity, used car prices were (profanity) and it's ~ a 85% tax write off against my business.

    Electric vehicles in that class aren't there yet.

    I'm also getting around 8l/100kms and I'm pretty happy with that given the size of the vehicle.

  • Gnostikos on 01/04/2023 - 12:27
    +3

    Or am I missing something altogether??

    Yes.

    Life is short and you can't take your money with you after you die.

    If you're a car enthusiast in your mid-30s/40s with some disposable income to spare, who grew up dreaming of owning a performance vehicle like the ones you idolised in high school, this is really the last chance most of them will have to buy an affordable, bang-for-your-buck sports car within that price range you're talking about ($50-80K), like the: Nissan Z, Toyota GR Supra, Subaru BRZ/Toyota GR86, Golf R, Mustang GT, Kia Stinger GT, BMW M2, Audi S3, Mazda MX-5, Nissan 370Z, Subaru WRX STi, Honda Civic Type R, etc.

    In 10 years time, almost all ICE-powered sports cars (new and used) will priced well out of reach of the middle-class and the generation that always wanted one of them will be too old to really enjoy them properly anyway.

  • Atomik17 on 01/04/2023 - 13:29

    If you have disposable cash, it's never bad to spend then 😂

  • nikey2k27 on 01/04/2023 - 22:55

    In my mined at moment is if i have car crash need new car other no see 2020 Toyota Corolla Ascent Sport Hybrid cars i got in 2020 for 28,888 and another for 26,888 few month after that now selling for 35,000 it total madness

  • champ23 on 01/04/2023 - 23:56

    This post is lolz

  • voiletmay on 02/04/2023 - 09:36

    Not me, we have a conventional car coming in May. I spent ages watching youtube videos on EV's and for my lifestyle (I like to have adventures, go away for the weekend and explore my local area - I live in South East QLD and it is awesome), it is totally the wrong sort of car. I don't want a tesla app telling me which way to drive to get to a certain location as that is where the charging stations area, I don't want to have to stress out keeping the battery between 20% and 80%. I go to weird places and to me having an EV would restrict my spirit of adventure. I could only go where I could charge.

    Then to top of it we tried to do a test drive in a hydbid car at Toyota (the one they had, it was a yaris cross). The battery had gone 100% flat, and the salesman couldn't open the door (even with the non electric key). He said that was the second time that battery had gone flat on this car and they needed the mechanics to break into the car, then take the back seat out so they could get the battery to charge it. So yeah.. was very interested in getting a hydrid.. but not after that experience LOL!!

    Hopefully they have improved by the time we buy another car. But not for me at this point in time.

    If you just go to work and back and the shops and back, then an EV is fine. That is not me, I want more from a vehicle than monotony.

    • seannami on 03/04/2023 - 12:44

      Odd they kept a lemon out as a demo, I've had a Toyota hybrid for 8 years (13yo in total) and only had an issue when I didn't drive it for months cause of lockdown.

      The 20-80% bizzo is only for certain kinds of battery, most can handle being topped up to 100% on the reg. Enjoy your adventures:)

  • quanticism on 02/04/2023 - 11:08

    Point C is essentially described as the valley of death that traditional automakers need to navigate if they want to survive the transition.

  • pogichinoy on 04/04/2023 - 11:09

    For some of us, we get cars for particular applications.

    i.e. 4WD for camping, offboard, etc

  • R4 on 16/05/2023 - 22:08

    ICE vehicles aren't going away any time soon. There are nearly 1.5 billion cars in the world (I just looked that up and the number blew me away) plus countless trucks, tractors, motorbikes and other vehicles. Is there enough lithium and other minerals available to make EVs to replace all that ICE kit? Just imagine the charging infrastructure needed to provide for 1 billion plus EVs. There are over 20 million registered vehicles in Australia. How the hell are we going to be able to charge even half of that number? We could with massive investment in gas and nuclear generation but the majority of the electorate (and therefore a lot of our politicians) don't want that.

    EVs are a niche solution for city living middle and upper class people who have the money, and the will, to make the investment. For the majority of people, EVs are an unaffordable luxury and an impractical transport solution - and it will be 2030 onwards before that equation starts to change. So. it's diesel for me for a long time yet.

  • ColtNoir on 17/05/2023 - 09:25

    Australia are laggards for EV adoption, for various reasons. Politics, gov policy, infrastructure just to name a few, I won’t even bother with some attitude issues.

    Currently, we’ll be the dumping ground for ICE vehicles for years to come unless legislation changes.

    Personally I’m looking at getting a higher powered ICE as my current one struggles with the trip to Sydney. I can get a top of the range for $10k cheaper than the entry to a PHEV in the same brand/similar size.

    I also rent and there’s only 1 public charger I could use within 15km of me. So there’s that too.

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