Re: Used Cars: Your upper limit for the km / odometer reading As some of you will know, I am a huge fan of used car. I never buy new.
When it comes to the upper limit in general I would say the higher the better! Anything up to 100 - 150.000 km does not worry me perse. But then again, it does depends on the overall package. Admittedly, cars do tend to lead a much harder life in India than in most of the west. So stand by for some western bias, because that is where most of my experience is, unfortunately.
There is still this misconception amongst many, that buying a car, any car, with more than a 100K on the clock is a recipe for disaster. It simply is not true, although you do need to pay attention to some things. One thing is for sure, no matter how well and lovely attended, maintained and driven at that sort of mileage just about all cars come very cheap with virtually no depreciation at all.
Yes, it is likely to come with some more maintenance, but just check the numbers, you can buy an awful lot of parts for what most cars would cost you in annual depreciation alone.
You are worried about the brakes on your next potential second hand car buy. Look up the cost of the callipers and rotors and check the depreciation. You will be laughing when you shell out some money for a complete brake overhaul!!
Obviously, the overal state of the car would be a very big consideration. Also, the period in which the mileage was raked up. 100.00 km in three years would be an absolute no brainer for me. That will be a lot of motorway driving. Car would be hardly broken in. 50.000 km in 15 years??? Well, that means lots of very short drives, engine hardly getting to normal operating temperature. Likely much more wear and tear on this engine than the previous one.
Around 100K many engines will require the distribution chain/belt replacing. That is always worth checking. On most engines it is quite a job and afterwards the engine will be as new again (well as far as the chain/belt is concerned). If somebody selling a car claiming it has been done, I need evidence. Otherwise, use it to haggle down the price. Same thing with other bits, worn or suspected brakes? Price should come down.
A few of my own examples: I bough my 2002 Jaguar in 2009 from Ebay. It has 93000 miles on the clock (155000 km). The car had a full Jaguar maintenance history. I used it for three years as my daily drive whilst we lived in Kansas city. Then I brought it back to my home country the Netherlands in end of 2012 with about 145000 miles on it. Since I have added another 20000 miles.
This car was in excellent condition and still is. The original MRP was USD 75000 and I bought it for USD 10000. It has not depreciated at all since 2009!
GTO has started a thread, and often commented, on the fact that buying second hand will also allow you to buy a more luxurious car. See my Jaguar for case in point. Here in the Netherlands we bought my wife a one year old Ford Fiesta with 15000 km on the clock. Costed Euro 12000,--. The Fiesta had costed Euro 16.500. So one year, 15000 km and Euro 4500 is gone!! Still, it costed more than my Jaguar!!
In the last couple of months I have put new tires on all our six cars. Now that makes for some interesting comparisons as well: For the cost of fitting the Fiesta with four new tires, I can not even buy one tire for the Jaguar.
When you want to make a financial comparison, new versus old, or old via older, always look up at the depreciation. Because that is your BIG saving! And it tends to buy you an awful lot of new parts!!
So yes, second hand gets you more, (better, faster, cooler, luxurious) but certain parts of car ownership will be more expensive. That is not due to second hand ownership, that is for when the car is new too. Buying second hand allows you to step in on that downward spiralling desecration curve. Yours to choose how far you want to spiral down.
There are other considerations too. Expected usage. When we lived in India all my classic cars and my Jaguar were in storage. But we happened to be travelling to the Netherlands quite a bit. Especially my wife. So we decided we needed a little simple ran about car. So we bought a 15 years old Ford Fiesta with about 100.000 km on the clock for only Euro 1200. It even came with a set of brand new tires. (Admittedly a brand I had never heard of). For context, in the Netherlands, a decent bicycle will cost about the same.
Sat in front of our house, patiently waiting for months, until one of us was home for a few days. Started up every time, never not one problem in five years of ownership. Little cars like that, recently maintained, last almost for ever! Buying one with high mileage is almost a no brainer. If something serious does break down, you just trade it in for something similar for a couple of hundred Euro’s.
For a little run about, that gets occasional use it makes much sense. Perhaps less so, if you need your car every day to go to work!
When you are looking for a particular car / model, you might be limited by what mileages you can get. We had a Jeep Cherokee. Great car, but in the US you won’t find anything with less than 150000 miles on it. Most likely a lot more! And still they keep going, almost all petrol engines too!
So in all, it comes down to personal preference and to what extend you feel comfortable with.
My daughter and son in law are expecting their first baby in a few months. Our first grand child!! They are well into their thirties. Never owned a car. Here in the Netherlands it is not really necessary. They travel by bicycle up to 20-25 km or take train, tram, bus for longer distances. But with a baby on the way, they have decided a car would be nice and a lot more convenient. E.g. it takes them about 1 hour to visit us and it takes the bus and a train and then we need to come and pick them up, by car, from our local station, another 15 minutes. Was fine. But with a baby, pram and all the accessoires new Mum and Dad typically lug around a car will make it so much easier. Door to door only 30 minutes.
So next weekend we are going car hunting. Obviously, second hand. They are homing in on a nice Toyota Yaris. And their budget is Euro 5-6000, which should get them a very nice one too. If anything these tend to be extremely reliable.
Jeroen
Last edited by Jeroen : 23rd February 2020 at 13:37.
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