Buying used cars with 100k

[jedwa115]

(Pls disregard if you have money to burn, this thread will make no sense to you!!)

Something I have been mulling over... Does it make sense to buy a used car with 100k miles on it?

I bought a 330d 52 plate with 100k on it 4 years ago for 7k, put 65k miles on it over the last 4 years and it is now worth 2k on a really good day. Can't claim to have treated it perfectly, but it has been great. So, 5k in 4 years, can't really complain.

But... looking at spending a smidge more this time round, poss 13-15k on a 6 year old disco 3... Same principle, have it 4years, put 60 odd k on it. 4 years from now I can't risk it being worth sod all and a bh to sell if I have put that kind of money into it. I will need to recoup something. My pondering is... Will a ten year old disco with 160k be impossible to sell and get any money back out of? Is there ceiling to how much money one should put into a 100k car motor or does it always relate to the value the car started out at?

Make any sense?!

[jedwa115]

XVar said:

I thought this thread was going to be along the lines of "What collection of used cars would you buy with £100,000?"

Bit of a disappointment really

Fair enough, I could have been more specific on the units. Funnily enough, I skip all the fantasy garage type threads.