Drive a "used" car? How much was it new?

[babo456]

It always reminds how the vast majority of cars are not a good way to spend money when I think how much used cars depreciate.

I've had a few cars but recently sold a 57 plate Audi S3 which I had for two years. Had a few owners, but still had the original invoice, £33000. I bought it at 5/6 years old for £10500.. (sold it for £9750)

I am currently driving a fully loaded 2004 mondeo tdci ghia. Only thing it doesn't have is leather and nav. List price new was £17000 11 years ago.... I paid £750 for it....

I know everyone buys a new car for x,y,z reason but I always find it funny to think someone paid X amount for this Y years ago and now its mine for a pitance!

[babo456]

HonestIago said:

The first owner had it brand spanking new, under warranty and with the peace of mind that brings. You had the car after it'd been subjected to 5 years of his flatulence, nose pickings and whatever else. You also probably don't have the same peace of mind associated with running a newer car. Some people care about these things and others don't.

I now fully understand why people choose a brand new Corsa over a 15 year old M5 despite being incredulous at the idea when I was a bit younger! Reason - I naively bought a c.£25k (in 2000) Impreza Turbo for £1900 in 2012 and then learned all about the running costs of older slightly interesting cars!

f

Yes, £65000 M5's that can be had for 15k now are still 65k car part expensive!

My question though is out of interest who has what, I like a bargin! Although, a bargin can turn into a pit as you suggest.

[babo456]

Troubleatmill said:

£60-70K new. £900 last year.
Everything is as per new.
Nothing else to report.

May I ask which car you speak of?

[babo456]

DaveOrange said:

The first owner of one of my cars suffered depreciation at a rate of c£80 per mile!

Must have money to burn! Which car may I ask?