Slowest depreciating reliable car
Discussion
Hi
Be Gentle it's my first post I am looking to sell my Qashqai and buy another car.
2 years ago I bought one owner 4 year old Nissan Qashqai with 38k miles on the clock for £8000. I have driven it for 24k miles it now has 62k miles I have looked on autotrader and its current value is roughly £6000 give or take. So it has cost me roughly £2000 to own the car for 2 years or roughly £1000 per year. Obviously I had to pay motoring expenses (fuel, insurance, breakdown, car tax, mot, servicing, repairs). The only non servicing repair cost was a new battery in the 2 years.
So my question to all you knowledgeable peeps out there is are their any cars out there you would recommend to buy that cost less in depreciation or dont depreciate at all? I am not really concerned about the car's features it just has to get from A to B and be very reliable and not likely to require any expensive repairs.
I have thought about getting a slightly older low mileage japanese car with one owner, getting a good price then selling it after 1 year to try and get my money back and keep repeating.
Any ideas. thanks.
Be Gentle it's my first post I am looking to sell my Qashqai and buy another car.
2 years ago I bought one owner 4 year old Nissan Qashqai with 38k miles on the clock for £8000. I have driven it for 24k miles it now has 62k miles I have looked on autotrader and its current value is roughly £6000 give or take. So it has cost me roughly £2000 to own the car for 2 years or roughly £1000 per year. Obviously I had to pay motoring expenses (fuel, insurance, breakdown, car tax, mot, servicing, repairs). The only non servicing repair cost was a new battery in the 2 years.
So my question to all you knowledgeable peeps out there is are their any cars out there you would recommend to buy that cost less in depreciation or dont depreciate at all? I am not really concerned about the car's features it just has to get from A to B and be very reliable and not likely to require any expensive repairs.
I have thought about getting a slightly older low mileage japanese car with one owner, getting a good price then selling it after 1 year to try and get my money back and keep repeating.
Any ideas. thanks.
You seem to already own a car that is reliable so would it be easier to just keep what you have and run it into the ground? At least you're not running the risk of buying an unknown car with a potential major fault.
I've owned my family runaround 06 plate zafira for 9 years, it cost me £7.5k and it hasn't cost anything other than brakes servicing and tyres. I'm planning on hanging on to it until It gives me a big bill
I've owned my family runaround 06 plate zafira for 9 years, it cost me £7.5k and it hasn't cost anything other than brakes servicing and tyres. I'm planning on hanging on to it until It gives me a big bill
£1000 a year depreciation is what I aim for in my daily runners, occasionally I've managed better, occasionally worse. You might do better, but not by much unless you're willing to take a risk on an older car
Years ago my Dad advised me that the sweet spot was buy at 3 years, sell at 5 and this seemed to play out for me for a good few years, but I think its moved a little older lately. Cars last longer so carry on depreciating heavily for a few more years. Secret is to catch them when they've stopped depreciating but are still reasonably reliable. If you pick the right car I think its about 6 years old to buy, and sell somewhere between 8 and 10 depending on annual mileage.
There's always the risk of some expensive repairs though in an older car so its partly down to luck and partly down to buying wisely.
I think your idea of an older jap is sound and relatively safe.
Years ago my Dad advised me that the sweet spot was buy at 3 years, sell at 5 and this seemed to play out for me for a good few years, but I think its moved a little older lately. Cars last longer so carry on depreciating heavily for a few more years. Secret is to catch them when they've stopped depreciating but are still reasonably reliable. If you pick the right car I think its about 6 years old to buy, and sell somewhere between 8 and 10 depending on annual mileage.
There's always the risk of some expensive repairs though in an older car so its partly down to luck and partly down to buying wisely.
I think your idea of an older jap is sound and relatively safe.
You'll do well to beat £1000 a year at 12k miles p.a. Changing more often could be the answer, but for true depreciation free motoring, you either have to get lucky or go right down to the cheap end of the market.
Spend £1000 on something like an old Volvo, run it for two years and even if you weigh it in after that, you've halved your current depreciation!
Spend £1000 on something like an old Volvo, run it for two years and even if you weigh it in after that, you've halved your current depreciation!
thanks guys some top replies. I guess my Qashqai is going to depreciate very slowly now it i 6 years old with 62k on the clock.Very little price difference to those that are 7 years old and 70k on the clock.
I checked into low mileage older jap cars, some superb cars out there for 3k to 5k, 1 owner cars sub 30k miles 8 to 12 years old.
It's good to know cheap motoring is available out there if you want it.
I checked into low mileage older jap cars, some superb cars out there for 3k to 5k, 1 owner cars sub 30k miles 8 to 12 years old.
It's good to know cheap motoring is available out there if you want it.
Something like this will struggle to go below £1200-1500 even after years ownership IMO.
https://www.autotrader.co.uk/classified/advert/201...
Pretty well specced (climate, heated leather, side airbags, sunroof)
Cheap to run
108bhp so won't struggle on motorways
Good rep for reliability
Not offensive to the eye
I'm seriously thinking of getting one as a daily when my present lease goes back.
https://www.autotrader.co.uk/classified/advert/201...
Pretty well specced (climate, heated leather, side airbags, sunroof)
Cheap to run
108bhp so won't struggle on motorways
Good rep for reliability
Not offensive to the eye
I'm seriously thinking of getting one as a daily when my present lease goes back.
tyrekicker888 said:
I have thought about getting a slightly older low mileage japanese car with one owner, getting a good price then selling it after 1 year to try and get my money back and keep repeating.
I bought a 2008 Civic in a private sale a year ago for £3000. I've done 7k miles and it looks like I could probably sell it for the same amount. Has been totally reliable so seems to be a bit of a bargain.GreatGranny said:
Something like this will struggle to go below £1200-1500 even after years ownership IMO.
https://www.autotrader.co.uk/classified/advert/201...
Pretty well specced (climate, heated leather, side airbags, sunroof)
Cheap to run
108bhp so won't struggle on motorways
Good rep for reliability
Not offensive to the eye
I'm seriously thinking of getting one as a daily when my present lease goes back.
i think you are spot on with this, very cheap motoring.https://www.autotrader.co.uk/classified/advert/201...
Pretty well specced (climate, heated leather, side airbags, sunroof)
Cheap to run
108bhp so won't struggle on motorways
Good rep for reliability
Not offensive to the eye
I'm seriously thinking of getting one as a daily when my present lease goes back.
OP, did it ever occur to you that you are seeking something that doesn't exist in the real world?
There is no such thing as a non depreciating car. If there were, then there would be no new cars. You say you Nissan has only lost £2000, but you are not comparing apples with apples. The price you see advertised is the advertised price, not necessarily the sale price. You also have the problem of advertising the car yourself, etc,etc.
Just stick with the Nissan until it's not worth much/you want to change it.
Changing a car for non forced financial reasons alone is never going to end the way you hope it will.
There is no such thing as a non depreciating car. If there were, then there would be no new cars. You say you Nissan has only lost £2000, but you are not comparing apples with apples. The price you see advertised is the advertised price, not necessarily the sale price. You also have the problem of advertising the car yourself, etc,etc.
Just stick with the Nissan until it's not worth much/you want to change it.
Changing a car for non forced financial reasons alone is never going to end the way you hope it will.
IanCress said:
I bought a 2008 Civic in a private sale a year ago for £3000. I've done 7k miles and it looks like I could probably sell it for the same amount. Has been totally reliable so seems to be a bit of a bargain.
sounds great, nearly free motoring just keep finding those low miles, one owner older japs drive them for a year then sell for same.Tyre Smoke said:
OP, did it ever occur to you that you are seeking something that doesn't exist in the real world?
There is no such thing as a non depreciating car. If there were, then there would be no new cars. You say you Nissan has only lost £2000, but you are not comparing apples with apples. The price you see advertised is the advertised price, not necessarily the sale price. You also have the problem of advertising the car yourself, etc,etc.
Just stick with the Nissan until it's not worth much/you want to change it.
Changing a car for non forced financial reasons alone is never going to end the way you hope it will.
what about classic cars, don't some of them appreciate.There is no such thing as a non depreciating car. If there were, then there would be no new cars. You say you Nissan has only lost £2000, but you are not comparing apples with apples. The price you see advertised is the advertised price, not necessarily the sale price. You also have the problem of advertising the car yourself, etc,etc.
Just stick with the Nissan until it's not worth much/you want to change it.
Changing a car for non forced financial reasons alone is never going to end the way you hope it will.
tyrekicker888 said:
what about classic cars, don't some of them appreciate.
They can do in the long term, but not if you're putting 20k miles on them. On top of that you'll need a big maintenance budget and you might find that parts are hard to find.Given that reliability is one of your requirements, I think the small japanese car towards the bottom of its deprication curve suggestion is best.
tyrekicker888 said:
Tyre Smoke said:
OP, did it ever occur to you that you are seeking something that doesn't exist in the real world?
There is no such thing as a non depreciating car. If there were, then there would be no new cars. You say you Nissan has only lost £2000, but you are not comparing apples with apples. The price you see advertised is the advertised price, not necessarily the sale price. You also have the problem of advertising the car yourself, etc,etc.
Just stick with the Nissan until it's not worth much/you want to change it.
Changing a car for non forced financial reasons alone is never going to end the way you hope it will.
what about classic cars, don't some of them appreciate.There is no such thing as a non depreciating car. If there were, then there would be no new cars. You say you Nissan has only lost £2000, but you are not comparing apples with apples. The price you see advertised is the advertised price, not necessarily the sale price. You also have the problem of advertising the car yourself, etc,etc.
Just stick with the Nissan until it's not worth much/you want to change it.
Changing a car for non forced financial reasons alone is never going to end the way you hope it will.
Personally i budget 30-40% depreciation over 2 years so i would say your Qashqai has done you pretty well! So well in fact it makes me consider buying one!!
Swapping cars to save money rarely works unless you really need to get capital out of your car, in which case a 2k civic or corolla is a good bet
Swapping cars to save money rarely works unless you really need to get capital out of your car, in which case a 2k civic or corolla is a good bet
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