Thunderbird Posted September 19, 2016 Report Share Posted September 19, 2016 I've been asked abut this and as you lot are so knowledgeable about cars I thought I would ask here. It's a Volvo v50 DrivE 1.6 diesel on a 12 plate, so it's just over four years old, and has about 70-odd thousand miles on the clock. Full main dealer service history etc. Looking on Autotrader and eBay it looks like it's worth between the late £6ks and maybe £8k tops. Given that it's seen it's best years and has taken a big hit in depreciation already, should it be sold now for as much money as can be got, or kept for another couple of years? The owner is thinking about moving over to contract hire so it's a case of either do it now, or wait a year or two if it isn't going to plummet that much more. What should I advise them? Quote Link to comment Share on other sites More sharing options...
Kalahari Posted September 19, 2016 Report Share Posted September 19, 2016 What age to sell a car? How old are you??? Sorry it is Monday morning and I am at my worst then!!! David. Quote Link to comment Share on other sites More sharing options...
four-wheel-drive Posted September 19, 2016 Report Share Posted September 19, 2016 What age to sell a car? How old are you??? Sorry it is Monday morning and I am at my worst then!!! David. That is a good point when we see people aged 80 buying a new car is that wishful thinking. Quote Link to comment Share on other sites More sharing options...
Glenlivet Posted September 19, 2016 Report Share Posted September 19, 2016 My father is 86 this year and his last 3 cars have been "probably the last car I'll buy"!! Quote Link to comment Share on other sites More sharing options...
Canis Posted September 19, 2016 Report Share Posted September 19, 2016 My father is 86 this year and his last 3 cars have been "probably the last car I'll buy"!! My father has just turned 70 and for the last 15 years despite being in reasonable health he's been talking about buying things that will in his words "See him out." this has been applied to cars, firearms, tools and even on one occaision the purchase of a carpet, so much so that the family joke about loaves of bread having datestamps that will "see him out" Quote Link to comment Share on other sites More sharing options...
Vince Green Posted September 19, 2016 Report Share Posted September 19, 2016 Cars last a lot longer these days, I don't even consider buying a car until its ten years old. Quote Link to comment Share on other sites More sharing options...
bruno22rf Posted September 19, 2016 Report Share Posted September 19, 2016 I'm with Vince - bought my Saab9-5 with 50k on the clock and she's now done just over 110k miles - only ever replaced 2 parts 1/ coil pack (vauxhall part) and 2/starter motor (which turned out to be fully working and the problem was dirt in the ignition switch - WD40 fixed it) - oil and filter change yearly (£40) and tyres when needed - paid just over £2k for her and she still worth half that - and as a bonus.....she goes like ****. Quote Link to comment Share on other sites More sharing options...
Glenlivet Posted September 19, 2016 Report Share Posted September 19, 2016 My father has just turned 70 and for the last 15 years despite being in reasonable health he's been talking about buying things that will in his words "See him out." this has been applied to cars, firearms, tools and even on one occaision the purchase of a carpet, so much so that the family joke about loaves of bread having datestamps that will "see him out" Yep. My father buys cheap 'use by....' stuff as he might not see out a long use by date!! Quote Link to comment Share on other sites More sharing options...
bostonmick Posted September 19, 2016 Report Share Posted September 19, 2016 If the car is running OK and giving no problems I would keep it and run it into the ground get another few years out of it. Quote Link to comment Share on other sites More sharing options...
Dave-G Posted September 19, 2016 Report Share Posted September 19, 2016 If the car is running OK and giving no problems I would keep it and run it into the ground get another few years out of it. Me too, the deprecation has too the biggest hit - get more out of it now. I bought a 15 years old CR-V last year and being factory undersealed there's not a spot of rust underneath. It's got shortcomings for a big bloke but I can't see me buying anything else for my personal use. Work car needed to be newer but I'm about to retire so the Galaxy can go. Quote Link to comment Share on other sites More sharing options...
Thunderbird Posted September 19, 2016 Author Report Share Posted September 19, 2016 Thanks gents. Quote Link to comment Share on other sites More sharing options...
Vince Green Posted September 19, 2016 Report Share Posted September 19, 2016 I was offered an 06 Toyota Avensis last week for £1500. It was absolutely like a new car in every way with 56k on the clock and full Toyota service history, one owner. That was such a bargain, my son (who wants a car) didn't like the colour, fussy ***. If it had been automatic I would have had it for myself. The owner was chopping it in to buy a new Toyota - why? It is just crazy to me, that car has another twenty years left in it Quote Link to comment Share on other sites More sharing options...
Hamster Posted September 19, 2016 Report Share Posted September 19, 2016 I've been asked abut this and as you lot are so knowledgeable about cars I thought I would ask here. It's a Volvo v50 DrivE 1.6 diesel on a 12 plate, so it's just over four years old, and has about 70-odd thousand miles on the clock. Full main dealer service history etc. Looking on Autotrader and eBay it looks like it's worth between the late £6ks and maybe £8k tops. Given that it's seen it's best years and has taken a big hit in depreciation already, should it be sold now for as much money as can be got, or kept for another couple of years? The owner is thinking about moving over to contract hire so it's a case of either do it now, or wait a year or two if it isn't going to plummet that much more. What should I advise them? If it's worth £7k now as a four year old car, it will be worth at least a couple of thousand less in two years, more like £3k less in truth. During this time it'll need tyres, very possibly bits like exhaust and brakes and if you're fairly lucky it won't need any real repair costs so essentially it all depends how much your friend values his motoring experience. Three grand more today coupled to those extra costs used 70k milers need will pretty much pay the monthly figures for the two years he's thinking of waiting ! No brainer. Quote Link to comment Share on other sites More sharing options...
Thunderbird Posted September 19, 2016 Author Report Share Posted September 19, 2016 Thanks H, appreciate that. I value your opinion as you know. Quote Link to comment Share on other sites More sharing options...
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