How much does mileage affect value ?
Discussion
Just curious as to how much you think mileage affects value ?
I have owned my chimaera for one month, one day and have managed to rack up 1,500 miles so far.
Now it wasn’t a low mileage example when i bought it so how much will it loose in value if I keep pilling on the miles ?
Is a chim with 80-90K on the clock worth allot less than one with 40-50K ?
Yes I know the mantra is "condition, condition, condition" but people are still hung up on mileage
.
>>> Edited by ajb on Tuesday 25th January 10:41
I have owned my chimaera for one month, one day and have managed to rack up 1,500 miles so far.
Now it wasn’t a low mileage example when i bought it so how much will it loose in value if I keep pilling on the miles ?
Is a chim with 80-90K on the clock worth allot less than one with 40-50K ?
Yes I know the mantra is "condition, condition, condition" but people are still hung up on mileage
.
>>> Edited by ajb on Tuesday 25th January 10:41
ajb said:
.... but people are still hung up on mileage
...
Nail
Head
Depends whether you're buying or selling, too!
I will happily argue that a higher mileage TVR is a better risk than a low mileage one.
In fact, when I bought my current car I avoided low mileage in favour of one that had covered 30,000.
I think in the case of people who know about the cars mileage is generally not an issue, but there is always the magic 100K which is a bit of a put off.
For others who don't, then high mileage is an issue, I think it will be more apparent on cars like the Chims, where there is a large (in comparison) choice of cars. When for a little more money you can pick up a car with 20K less miles on the clock, people will generally go for that one. It's a mental thing.
I think with cars such as the S series, and to a certain extent Griffs, higher mileage is a given thing as the cars are quite few and far between, and in some case over 10 years old, so higher mileage is expected.
A bit like CAT D damaged cars. As long as they have been inspected then they are fine and should be viewed with the same care as a non damaged one, adjusting the price. But some people will be immediately put off by the damaged/repaired stauts. On TVRs this is generally just bodywork.
For others who don't, then high mileage is an issue, I think it will be more apparent on cars like the Chims, where there is a large (in comparison) choice of cars. When for a little more money you can pick up a car with 20K less miles on the clock, people will generally go for that one. It's a mental thing.
I think with cars such as the S series, and to a certain extent Griffs, higher mileage is a given thing as the cars are quite few and far between, and in some case over 10 years old, so higher mileage is expected.
A bit like CAT D damaged cars. As long as they have been inspected then they are fine and should be viewed with the same care as a non damaged one, adjusting the price. But some people will be immediately put off by the damaged/repaired stauts. On TVRs this is generally just bodywork.
A low mileage car can be a better bet than the high mileage example. I drive about 1000 miles a year in my P&J but it gets an annual service, its checked over properly and anything which needs doing gets fixed. Oil / filters replaced. Or the car thats used every day, all weathers, clocking up the miles but still 'cherished'?
That should stir it up
That should stir it up
Poor thing must feel terribly unloved! 
Funny thing...
We bought a Griff with 84k on it from someone who also claimed to have bought one with high milage.
I'll happily support Beano500's argument that the high milage ones are very good buys. For one thing, all the rough edges are dealt with.
(Well, apart from the glovebox catch, which finally gave up last night.)
We bought a Griff with 84k on it from someone who also claimed to have bought one with high milage.
I'll happily support Beano500's argument that the high milage ones are very good buys. For one thing, all the rough edges are dealt with.
(Well, apart from the glovebox catch, which finally gave up last night.)
Sorry - I'll stop messing about soon!
Funny you should mention that Beano, thats the one thing my Griff' has difficulty with, that glorious popping and banging on the overun. Best Tiv I had for this was a 400SE, bloody fantastic. Later I was lucky enough to own a 450SEAC and that was apparently 'hotwired' so no popping or banging at all, just a thunderous exhaust note 
I was advised, on here, that the Griff engine is perfectly setup so none of the wasted fuel in the exhaust on overun, bugger.
I was advised, on here, that the Griff engine is perfectly setup so none of the wasted fuel in the exhaust on overun, bugger.
J_S_G said:
on a car of approx 5 years old£1k per 10,000 miles in depreciation.
Maybe. Age affects the value most then mileage then condition until you reach 12 years old when age drops out of it completely and condition moves to the top. IMHO maybe not a senseble way to value cars but it is the way that the world works.
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