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Older ‘better’ brand or younger cheaper one?

Home Forums Buying a Car Older ‘better’ brand or younger cheaper one?

This topic contains 4 replies, has 1 voice, and was last updated by Avatar Karen 3 weeks, 5 days ago.

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  • #172540 Reply
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    Karen

    Having had new cars for the last 15 years I’ve decided to buy a used car this time. I don’t want to make any long term credit commitment as I’m planning on travelling in the next year or so. I also only do about 3k miles a year which doesn’t justify a big price tag.
    My quandary is do I buy an older ‘better’ marque with a high mileage (thinking Honda CRV) or get a younger, lower mileage one with a cheaper new price (thinking a Citroen MPV perhaps).
    Opinions gratefully received, thank tou

  • #172595 Reply
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    Simon

    Depreciation is your biggest issue new or old. Due to low mileage requirement. I would lease. Something like this

    https://leasing.com/independent-brokers/smart-leasing-solutions-ltd/citroen/c4-spacetourer/377809447/

    For less than £200 per month you have (other than insurance) no other running costs.

    Trouble with older but better will be service costs. A timing belt can cost 600 plus. It may need new tyres etc

  • #172608 Reply
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    Karen

    I do currently lease, it’s due back in November, but I don’t want any long term commitment. So I’m looking to spend around £3k on a used car, I can get a 10 yr old Honda for that, or 6-7 yr old Citroen, Vauxhall or similar.
    As I won’t put many miles on it I’m assuming it won’t depreciate that much, and if it does that’s what I would pay to lease anyway.
    Good point about parts etc for s better car being more pricey

  • #172662 Reply
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    Frank

    As your mileage is so low, around 60 miles a week, why not just hire a car when you need one? You’ll have no concerns about servicing, MOT’s or repairs.

  • #172712 Reply
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    Karen

    I live in the country so have to drive for pretty much everything, can’t get hire cars delivered here. I work from home though so no commuting = low mileage

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