News0 min 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.
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.