Sweetspot (age) for selling?

[Elroy Blue]

My car is now three and a half years old. It was a demo and had a few thousand when I got it. Full main dealer history etc etc. It's been faultless and while I'm not intending to change it any time soon, I have been thinking about when IS the best time to move on.

When does a car stop being 'newish' and move into 'old' territory. There must be a small period when it's still worth decent money, before the value falls off the cliff.

Thoughts??

[Si_man306]

The largest hit in depreciation is taken in the first 3 years....i'm sure there'll be a bright spark along soon to show you a lovely exponential graph

I would always say to buy a car around 2 years old if you have the cash, buying new is a fools game.

[Beeby]

Mine is 13 and runs perfectly. When should I sell it?

[kambites]

As late as possible - depreciation will only get slower as the car gets older.

[Riknos]

kambites said:

As late as possible - depreciation will only get slower as the car gets older.

This. The longer you keep a car, the more the original depreciation is off set on a monthly/yearly basis.

Don't just sell it for the sake of it, unless it no longer fits what you require and you want something else?

[Captain Muppet]

The only car I ever sold for a profit was 20 years old when I bought it and 22 years old when I sold it. I doubled my money.

If you don't need to replace your car then keep it - depreciation is very rarely worse next year than it was last year.

[Matt UK]

anonymous said:

[redacted]

That was the accepted wisdom passed on to me.

I've either tended to by new or at older than 5 years... listening to the old man was obviously never a strong point..

[falkster]

Buy them when theyre cheap and never sell!!