Quizzes & Puzzles9 mins ago
Update: Car Question (Yet Again - Sorry!)
I still haven't purchased a car yet as I'm taking my time. I still like the Toyota Aygo's and found another I like, but it's 2019. Is that too old? What should the year ideally be? (scratches head)
Answers
No, it’s not too old – I would say that the ideal age to buy a used car is 3-4 years old.
By that time it should have lost more than half its value – looking on Auto-Trader, you can buy a 2019 Aygo for around £5k, whereas new it probably cost £15k.
So someone has lost £10k in 3 years (due to depreciation, more than £3k/year), if you were then to keep the car for 10 years you would only have an average depreciation of £500 a year.
The difference between £3K per year and £500 per year will cover the cost of a lot of repairs each year.
Treakle, you are, in my opinion, obsessing with the age of your future purchase. I drive a seventeen year old Mercedes diesel which is immaculate. BUT has now completed 125000 miles. It has been looked after and regularly serviced. I swear it drives like a two year old. So my advice would be buy with your eyes and brain. Is it a sound vehicle. Check the service record. Is the mileage high and if so try and establish why. My car was previously owned by a factory owner who had two factories. One in Sussex and the other in Manchester. He drove between the two regularly, 90% of which was motorway cruising. Look, ask, probe, listen and try and make the best decision for you. Good luck.
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