This topic contains 6 replies, has 2 voices, and was last updated by Jazz 1 year, 2 months ago.
30 July 2016 at 6:45 pm #92879
I’m having a difficult time deciding on whether to go for say a 2010 Honda Jazz or a 2008 VW Golf (1.4 or 1.6)
The plan is to buy a used car for around the £3,750 – £4,500 price range, which will be used for 2 years max. After 2 years, I want to sell the car on and recoup as much of the money I spent as possible.
With that in mind, here’s a rough guide on the car descriptions:
-> Both the Honda and VW are in the same condition (theoretically, for the sake of this example)
-> Honda has between 40,000 – 50,000 miles on the clock
-> VW has 60,000 – 80,000 miles on the clock
-> Honda is a 2010 or 2011 model
-> VW is a 2008 model
-> I’m not expecting to exceed 6k miles a year.
Both are around the price range. I was told that the Honda is newer and has less mileage so would therefore fetch more money back after a couple of years. Others are saying the VW will fetch more money.
When I use online valuation tests, the general consensus is that the Honda Jazz will return more money. E.g. the value of the Honda (if in good condition) will be £1,000 less. Whereas, the VW reduces by £2,000 +.
Are the online checks pretty accurate in this regard? What would you opt for out of the two, bearing in mind I’d like to recoup some of the money after 2 years?? Any advice you guys provide would be greatly appreciated!!
31 July 2016 at 7:48 pm #92909
The two cars are not really directly comparable. A Volkswagen Golf is larger than the Honda Jazz – more equivalent to a Honda Civic. The Honda Jazz is closer in size to a Volkswagen Polo. If you are leaning towards the Jazz, you need to make sure that it is large enough to fit everything in that it will need to fit. Conversely, if you are very tight on parking space, you will need to make sure that a Golf will fit into the space available, as it will require a bit more real estate than a Jazz.
Your running costs may well be more relevant than the resale value in a couple of years’ time. Usually, you would expect a larger car to use more fuel, have larger/more expensive tyres, cost more to insure and have higher road tax. Depending on engine and model, that may or may not be the case depending on the exact vehicles you are comparing.
I would suggest you use the same classifieds site you are looking at to buy your new car to look at the prices of examples which are two years older, and see what that looks like. There is probably not a lot in it between the two vehicles.
1 August 2016 at 11:53 am #92953
I think size-wise, it should be okay (the Jazz). A Polo was another option – I’ve had a Polo for over a decade, so fancied a change :) But agree, the Polo and Jazz is a closer comparison.
My main concern was the resale value. I checked the classified site, and on the whole, the Jazz seems to retain its value better. I’m assuming this is because the Jazz is newer (<2 years) and has lower mileage. The dip in price of the Golf is a lot greater!
Thanks for your advice. I’ll keep looking.
1 August 2016 at 12:22 pm #92956
1 August 2016 at 12:55 pm #92959
Sorry, did you mean the depreciation of the Jazz is £500 over 2 years? Or, the difference between the Jazz (2010) and VW (2008) 2 years later would be £500?
1 August 2016 at 1:12 pm #92960
1 August 2016 at 1:58 pm #92962
Got it, thanks.