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Old 12th May 2019, 10:25   #1
Heddy
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Default End of life for cars.

Quite shocked recently, saw a Citroen DS for sale for around 6k, ad said 100k miles. Now for me, a 62 reg car is almost brand new, it seems they get old quickly and depreciate even quicker.
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Old 12th May 2019, 10:42   #2
Mike Noc
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I've never bought a new car in my life - the nearest I came to it was buying my current Rover 75 Connoisseur SE for £5700 when it was 3 years old and with 118000 on the clock.

I had driven it from new as a company car so knew the history. The original list price was £23k, so the book depreciation was pretty steep, unlike now when I could probably measure it in tenners a year.
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Old 12th May 2019, 10:45   #3
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Quote:
Originally Posted by Heddy View Post
Quite shocked recently, saw a Citroen DS for sale for around 6k, ad said 100k miles. Now for me, a 62 reg car is almost brand new, it seems they get old quickly and depreciate even quicker.

But, 100k miles is not almost brand new. It is a lot of miles for a small car.

This is the mileage and age at which a car requires significant replacement of parts if it is to provide another 7-8 year's of reliable motoring and drive as if it was "new".

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Old 12th May 2019, 13:17   #4
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But, 100k miles is not almost brand new. It is a lot of miles for a small car.

This is the mileage and age at which a car requires significant replacement of parts if it is to provide another 7-8 year's of reliable motoring and drive as if it was "new".
Blimey how many cars at 100k have you owned?
They don't need major work as long as servicing has been done well over the years. That's seems to me like a throw away society way of thinking.

I agree with the op. Like him I have never bought new and the most expensive buy was my Supra which I imported from Japan 9 years ago.

I tend to be second or third owner of most of my cars when I first get them and I have to say none were near the end of their time at all.

With the PCP world of buying cars people have just got lazy and I do think garages who conduct repairs have a part to play.

The only thing against the car in the OP is it's French. I didn't get on with either of my son's Renault's at all. Horrible things to work on
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Old 12th May 2019, 13:44   #5
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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.
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Old 13th May 2019, 14:00   #6
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Quote:
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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   #7
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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 14th May 2019, 05:44   #8
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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.

Surely, the Yaris is only reliable because it has very little that is new, leading edge or desirable from an enthusist's viewpoint. It really is basic. In fact, it is not all that reliable in relative terms.

The Japanese started to lose their way on dependability/reliability about 10 years ago. Toyota more than most. I believe their CEO actually said so when he publicly apologised a few years ago for some serious issues with one of their cars.

Take a look at the latest JD Power survery - the results will surprise most people.

https://www.express.co.uk/life-style...-Skoda-Hyundai


https://www.express.co.uk/life-style...-Mercedes-Ford
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Old 12th May 2019, 13:48   #9
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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!

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Old 12th May 2019, 13:56   #10
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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.
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