Should I keep my S60? - Page 2

catch22 · Mar 10th, 2009, 17:34

Whenever you buy a second hand car, you run the risk of buying somebody else's problems. Unless of course you buy one with a decent lick of manufactures warranty left on it. There again the newer the car, bigger the deprecation in pound notes.

I've always been of the mindset, keep em serviced and safe but run them until they either start looking shoddy, or repair costs are not worth doing, visa the cars value. That way I have found I have not paid out a fortune in cars.

Had a Nissan Sunny, bought at six months old, run it for eleven years, until it was written off by a four axle Fodden, which I walked away from. Up to then it only had the usual exhaust and brake pads, cambelt replacements.
So that worked out at £5,500 -£700 pay out = £436 depreciation a year, £8.30 per week

Mondeo GLX bought at a year old, again cost now't to run apart from again, exhaust, front brake discs pads, and cambelt replacement. Had it 9 years until the clutch gave out. And as the door panels where beginning to part company with the doors frame bases, I scrapped it. Cost was 10K / 9 = £1,111 dep per year. £21.36 per week

Focus bought at 6 year old, run it for nigh on four years until written off in an accident. Forgetting the front discs/pads and clutch replacement I had done 10 days prior to write off [because the clutch was only slipping] Cost when bought £3450-£2200 payout = £1250 /3.75 = £333 depreciation per year. £6.40 per week.

So buying a car somebody else had already taken the big depreciation hit on, turned out to be the more cost effective one.

Only proviso I would add is, as all new cars these days have a lot more electronic wizardry in them, costing zillions to fix. And even jobs that was once were a few hundred quid to fix like clutch replacement , can now be nearer a grand. It's anyone's guess what is the best way to go these days.

I dare say the first series Ford Focus, marked the end of an era where cars where comparatively easy and cheap to fix, compared to what has followed them. There again I could be talking complete bollacks , it has been known.

Mar 10th, 2009, 17:34	#11
catch22 Master Member Last Online: May 16th, 2013 15:27 Join Date: Jan 2009 Location: *	Whenever you buy a second hand car, you run the risk of buying somebody else's problems. Unless of course you buy one with a decent lick of manufactures warranty left on it. There again the newer the car, bigger the deprecation in pound notes. I've always been of the mindset, keep em serviced and safe but run them until they either start looking shoddy, or repair costs are not worth doing, visa the cars value. That way I have found I have not paid out a fortune in cars. Had a Nissan Sunny, bought at six months old, run it for eleven years, until it was written off by a four axle Fodden, which I walked away from. Up to then it only had the usual exhaust and brake pads, cambelt replacements. So that worked out at £5,500 -£700 pay out = £436 depreciation a year, £8.30 per week Mondeo GLX bought at a year old, again cost now't to run apart from again, exhaust, front brake discs pads, and cambelt replacement. Had it 9 years until the clutch gave out. And as the door panels where beginning to part company with the doors frame bases, I scrapped it. Cost was 10K / 9 = £1,111 dep per year. £21.36 per week Focus bought at 6 year old, run it for nigh on four years until written off in an accident. Forgetting the front discs/pads and clutch replacement I had done 10 days prior to write off [because the clutch was only slipping] Cost when bought £3450-£2200 payout = £1250 /3.75 = £333 depreciation per year. £6.40 per week. So buying a car somebody else had already taken the big depreciation hit on, turned out to be the more cost effective one. Only proviso I would add is, as all new cars these days have a lot more electronic wizardry in them, costing zillions to fix. And even jobs that was once were a few hundred quid to fix like clutch replacement , can now be nearer a grand. It's anyone's guess what is the best way to go these days. I dare say the first series Ford Focus, marked the end of an era where cars where comparatively easy and cheap to fix, compared to what has followed them. There again I could be talking complete bollacks , it has been known. __________________ SIR JOSIAH STAMP, (President of the Bank of England in the 1920's, the second richest man in Britain): "Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Last edited by catch22; Mar 10th, 2009 at 17:36.

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