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Old 12th May 2019, 21:05   #11
HarryM1BYT
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75 Contemporary SE Mk II 2004 Man. Sal. CDTi 135ps, FBH on red diesel, WinCE6 DD

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Quote:
Originally Posted by Mike Trident View Post
Must admit, 100k for a 62 is steep mileage. Which has brought the value down no doubt.

I believe the older generation find it a bit difficult to get their head round 100k miles.

When I was young, a car that was over about 8 years and 100k would be only fit for the scrap heap.

Well, many of mine were fit only for scrap long before that and odometers only went to 100K anyway


A lot depends on the type of miles driven, cars these days do a lot more miles on motorways than they used to, steady speeds, no use of clutch and gears, not much suspension or steering movement.


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Old 12th May 2019, 21:59   #12
bl52krz
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Never considered a brand new car. (1) Could not afford one(2) don’t need to show the neighbours how rich(stupid) I am. (3) nearly always bought large cars at cut down prices to save my money. Why pay £20/30,000 cars when you can get one 3/4 years old for half price or less. Never made sense to me.Perhaps I have been lucky that I do not seem to have to much trouble with my purchases,fingers crossed. So far as I am concerned, I am driving my last car at the moment. Rover 75 Diesel Club.Will see me out, I hope.
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Old 12th May 2019, 22:19   #13
Comfortably Numb
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My 1986 Cavalier 1.6L was nearly twice round the clock (199,900 mile) when it was written off by a carelessly reversed pick-up in 1996. It had done most of those miles on winding, Cumbrian country roads. The insurance assessor was optimistic that it wouldn't be a write off until I pointed out that he needed to put a '1' in front of the recorded milage! I had bought that car as a 3 yearold, 87,000 mile ex-company car, and ran it on a shoe-string. Brilliant, reliable, economical and comfortable car. The first car I ever drove that had done 100,000 miles was a 1971 850cc Renault 4. The bodywork was rough, but it drove perfectly. And they never had an oil filter!
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Old 12th May 2019, 22:33   #14
Typhoon190
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I bought my first ZT190 in 2007. It was a 2003 car with 56000 miles on the clock. That was 6k for a 3 1/2 year old car. A 62 plate is not far off 7 year old now isn't it?
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Old 13th May 2019, 00:13   #15
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I bought a 16 year old BMW 750iL for €2750. It cost well over €100,000 new I believe, and it's odometer said 160k km. Not too bad for a 5.4 litre 12 cylinder engine, I reckoned. Unfortunately, it transpired that the dealer had clocked the mileage, by some 60k or thereabouts. Should have taken him to court, but the car languished in Spain unused and unloved by my two daughters, who didn't like driving it as it was "too big". Granted, it guzzled fuel, but I did offer to subsidise them to use it...

Sad part is they sold it to the Spanish equivalent of webuyanycar for €400 The deep dish alloys alone were worth more than that! But what depreciation! From over €100,000 to €400 in 18 years. I only used it once each year for a week or two when on holiday in Spain, but I loved it! Such power and majesty...got two speeding tickets first day I collected it and drove it home

So yes, there are some crazy good bargains around if you like big luxury cars and can afford to run them.
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Old 13th May 2019, 06:05   #16
MSS
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Quote:
Originally Posted by Pueblo_Boy View Post
I bought a 16 year old BMW 750iL for €2750. It cost well over €100,000 new I believe, and it's odometer said 160k km. Not too bad for a 5.4 litre 12 cylinder engine, I reckoned. Unfortunately, it transpired that the dealer had clocked the mileage, by some 60k or thereabouts. Should have taken him to court, but the car languished in Spain unused and unloved by my two daughters, who didn't like driving it as it was "too big". Granted, it guzzled fuel, but I did offer to subsidise them to use it...

Sad part is they sold it to the Spanish equivalent of webuyanycar for €400 The deep dish alloys alone were worth more than that! But what depreciation! From over €100,000 to €400 in 18 years. I only used it once each year for a week or two when on holiday in Spain, but I loved it! Such power and majesty...got two speeding tickets first day I collected it and drove it home

So yes, there are some crazy good bargains around if you like big luxury cars and can afford to run them.

What you say is very true about large cars. This S-Class keeps catching my eye when I look at a couple of Mercedes specialists stock list for a suitable CLS.

https://www.ebay.co.uk/itm/2007-57-r...wAAOSwi-dbv4aO
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Old 13th May 2019, 06:16   #17
NigelOBB
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04 Rover 75 Contemporary SE - 53 Rover 75 Connoisseur -94 Mercedes W140 - 72 VW Beetle 1300

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Quote:
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The OP was not about the wisdom of buying old vs new. It was merely an observation about the depreciation of a certain car.

To answer your other questions, I have owned quite a few cars and all have gone well beyond 100k miles. My Omega is currently at 142k miles and 75 CDT at 151k miles.

To address the OP's point in more detail, most cars end up at a value around 30% of their new price at 7-8 years of age and 12k per-annum mileage. So, £6k for a 100k mile DS that cost circa £20k when new 7 years ago seems about right.

My approach is certainly not indicative of a "throw away" mentality. In fact, quite the opposite. As an example, my next car purchase will be a 8-10 year old CLS. The £50k car will cost me £10k with circa 70k miles and FSH. I will spend £5k over a short timeframe replacing all the parts that wear or tire with age and would otherwise most likely require replacement during the following 7-8 years of ownership. I will therefore end up driving a £50k car, which will drive as if I had bought it new new, for 8+ years and an initial outlay of £15k as opposed to circa £40k depreciation over the same period. This is value for money in my book.

This approach has worked for me every time and is the reason that you will not find any posts from myself about things having gone wrong with my 75's or my Omega. The latter will be 20 years old in September.

Take a look at my "Preventative Maintenance" thread that is the focus of my 75 CDT and see my approach in action.

I do not throw anything away until there is absolutely no choice - I am an Indian and an Indian can make things last longer than most!


Totally agree in 2008, I bought a 14 year old Mercedes W140 S Guard which cost a tad over 110k for 1k, and a slightly younger S600 which sold at around 80k for 1.5k, that’s eye watering depreciation. Mind you I double what I paid for the S600 when I sold it about 3 years ago lol.

I gave up buying new cars around the beginning of the 00’s, after sitting one night and totting up how much I’d lost over a 8 year period. In 2003 I bought a 94 pajero with 8k miles on the clock from an on line Japanese car auction and imported it. Total cost was a shade over £3k, I owned it until 2012 when it was w/o by a numpty in a Saab apparently didn’t see me when he pulled out 😣. With the money I got back from the insurance I bought my Contemporary SE with 96k on clock, I’ve just clocked 152k now


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Old 13th May 2019, 14:00   #18
grivas
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Quote:
Originally Posted by Mike Trident View Post
A friend of mine has a yaris with 220k miles, had nothing significant as yet. Just regular oil and filter changes.

It just keeps going.
That's because it is designed and built by people who actually know a thing or two about engineering, the average Toyota can breeze through 200k miles like a walk in the park park, just keep changing that oil, it will do another 200k before it starts to sweat.
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Old 13th May 2019, 14:50   #19
ceedy
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When I bought my ZT dizzle it was just over 20 months old @ £6k and had 46k on the clock so was pretty high miles for its age .


Its now on 156k and apart from one vibration niggle , still going strong !!




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Old 13th May 2019, 15:24   #20
Mike Noc
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