All well and good, and all irrelevant - it doesn't matter how much they'd be worth with 70k miles on the clock, because the way they hold their value from new it's cheaper to buy a new one and chop it in each year for another, than it is to buy a £500 high mileage 406 with no warranty back up and lord-knows-what'll need doing at that price. I did it 2 years running, and still spent a total of £145 less than that £500 old snotter would have cost. To cap it off, I didn't need to pay for servicing as I traded each one as the year rolled around, and I paid only £35 road tax and sub £100 fully comp insurance, and didn't have to pay for MOTs either.mjb wrote:I wouldn't go round writing off (figuratively speaking) £500 406s as knackers. My last one I got rid of because the bonnet came up at speed for the second time (not a mechanical fault) and it needed a couple of tyres and a CV boot that I couldn't be bothered paying for, plus I wanted the extra 50bhp of the V6. Other than that it was pretty much immaculate and needed less than the bare minimum of servicing in the 70k miles or so I had it - only one oil change in 100k, no cambelt change, etc.turbolag wrote:£500 for a knackered 406
My current one (had it a year) has just needed some brake discs. Unless someone crashes into me or something else dumb happens I'll run it probably for a few years until the cambelt snaps and again pay next to nothing on servicing
I don't care how old the cars are, petrol D8 406s will on average be a lot less prone to breakdowns than something that's just come off the production line. Read up on the "bathtub curve". Also a 150~200bhp executive motor is MUCH more of a car than a little 107!
What would your 107s be worth with an extra 70k on the clocks? How much would the servicing costs be? and how uncomfortable are the non-electric seats? The comfort of my back is worth a couple hundred a year thanks!
So, a 107XS driven for a year and sold at a £100 loss.
And a 107 Urban driven for a year and sold on at a £255 loss.
Thats £355 for 2 years worth of new cars. I could probably do it a third time and still have change from your hypothetical "£500 406", so why bother with a used snotter?
Spending £500 on a used car, when NEW cars can be had so cheaply, is an expensive way to save money.