What's the value of 6 months in a car?
Discussion
Afternoon all, would be intrigued to hear some different perspectives on this...
Car A is a 16 plate, has cruise control (which isn't an absolute necessity for my commute but is useful), mileage is 15,000.
Car B is a 66 plate, no cruise control, mileage is 4,000.
Other than the differences above, Car A and Car B are identical, even down to the colour.
However, Car B is advertised for £400 more than Car A.
Is this a fair reflection of how much younger it is? Is Car A possibly overpriced?
Car A is a 16 plate, has cruise control (which isn't an absolute necessity for my commute but is useful), mileage is 15,000.
Car B is a 66 plate, no cruise control, mileage is 4,000.
Other than the differences above, Car A and Car B are identical, even down to the colour.
However, Car B is advertised for £400 more than Car A.
Is this a fair reflection of how much younger it is? Is Car A possibly overpriced?
weigl said:
Afternoon all, would be intrigued to hear some different perspectives on this...
Car A is a 16 plate, has cruise control (which isn't an absolute necessity for my commute but is useful), mileage is 15,000.
Car B is a 66 plate, no cruise control, mileage is 4,000.
Other than the differences above, Car A and Car B are identical, even down to the colour.
However, Car B is advertised for £400 more than Car A.
Is this a fair reflection of how much younger it is? Is Car A possibly overpriced?
Really?! Car A is a 16 plate, has cruise control (which isn't an absolute necessity for my commute but is useful), mileage is 15,000.
Car B is a 66 plate, no cruise control, mileage is 4,000.
Other than the differences above, Car A and Car B are identical, even down to the colour.
However, Car B is advertised for £400 more than Car A.
Is this a fair reflection of how much younger it is? Is Car A possibly overpriced?
Car B has done 11,000 miles less.....
So car B is a bit newer (say six months), and has done 11k fewer miles. All else being equal then TBH I'd expect it to be more than £400 more. Put it this way, if the age difference between them was ten times as great, and the mileage difference was ten times as great (so car A was about six years old and around 100k miles), then I'd expect the price difference to be a lot more than £4k, even if it's a really cheap car to start with.
TooMany2cvs said:
B could be between a day newer than A, or just shy of a year newer. The difference is as relevant to remaining warranty as to any value adjustment for age.
Is the spec difference really ONLY cruise?
Having done some further digging, Car A is March 16 and Car B is Sept 16. Yes, the only spec difference is cruise!Is the spec difference really ONLY cruise?
edc said:
Are these just advertised prices at different dealers perhaps in different locations? If so this isn't a question of value just a judgement call on how each business wants to price a car.
Exacting this. Cars don't have a 'specific value' as such.
They're priced at whatever the seller chooses.
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