Would you ever throw big money at a car with huge miles?

Would you ever throw big money at a car with huge miles?

Author
Discussion

un1corn

Original Poster:

2,143 posts

137 months

Friday 30th September 2016
quotequote all
I'm really after a Discovery 4. Problem is, for something, say 2010/11, with 30k on the clock, you're looking at £24,000.

You can find one at the same age, with 180,000 miles on for less than half that.

I've not had a problem before throwing a few grand at a car with big miles, but over 10k? Im not so sure.

Sump

5,484 posts

167 months

Friday 30th September 2016
quotequote all
I'm confused. It literally needs £10k to fix it? What's wrong with it?

Monkeylegend

26,386 posts

231 months

Friday 30th September 2016
quotequote all
I suspect it is costing over £10k to buy.

I wouldn't spend that on a Discovery but might on something with a better reputation for reliability as long as it had a proper service history/low owners etc.

jkh112

22,004 posts

158 months

Friday 30th September 2016
quotequote all
If a low mileage car is £24K and a high mileage one is half that but needs over £10K spent on it then it will cost the same overall.

vsonix

3,858 posts

163 months

Friday 30th September 2016
quotequote all
I'm more bothered with how something has been maintained than the number of miles on. Just important to look ahead to selling time to see how the depreciation will be. I don't think that forking out on a new vehicle that has mileage that would be considered high on a ten year old car let alone a three year old car is a particularly good idea unless you're planning on keeping it forever as the resale value once it's 10 years old and has 300,000 on the clocks will be pitiful.

un1corn

Original Poster:

2,143 posts

137 months

Friday 30th September 2016
quotequote all
Sump said:
I'm confused. It literally needs £10k to fix it? What's wrong with it?
Sorry the 10k is the price.

Low miles - 23 grand
Moon miles - 12 grand

eltax91

9,875 posts

206 months

Friday 30th September 2016
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You can get reasonable milers for £14k:-

http://www.autotrader.co.uk/classified/advert/2016...

T16OLE

2,946 posts

191 months

Friday 30th September 2016
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That`s a hell of a difference, probably prefer to have £12k in my bank

hora

37,126 posts

211 months

Friday 30th September 2016
quotequote all
From what I understand you'll start throwing money at it and keep on on a Disco of that age regardless of miles.