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Old 07-12-2007   #16
Embrace depreciation...
 
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Re: Depreciation disaster

Quote Originally Posted by PandaPaul View Post
A Hyundai Getz 1.5 diesel!
From an exchange of PMs with BJ20, I know he's not that desperate
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Old 08-12-2007   #17
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Re: Depreciation disaster

I'm in the process of buying a new MJ, basically because used MJ's are few and far between, and don't depreciate too badly. Any car that has the plusses of an MJ just has to be valuable, so I think the salesman is just giving you the run-around.

As others have said, I'd make the trip over to ROI and buy it for that price.

Diesels are designed to do high mileages, 200/300 000 miles not being uncommon, and the Panda seems a well built and sound little car - look for problems on the web, they are few and far between. I'd say hang onto it.

I reckon it should be worth 50-60% of its value after 3 years. Besides, well maintained high miles cars are supposed to be in better condition than very low mileage (shopping trip) ones.

Also, if you do a trade now, you will take a big hit financially. If you keep the MJ, you will either have several more years of cheap and trouble free motoring (which is the likely outcome), or should the unlikely happen, and it needs repairing, then you'd be no worse off.

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Old 08-12-2007   #18
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Re: Depreciation disaster

One more thought: Renaults regularly come towards the bottom of reliability indexes. Not only is the Panda the most reliable of Fiat's cars, I saw in one survey that it made it into the top 20, IIRC.

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Old 08-12-2007   #19
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Re: Depreciation disaster

Quote Originally Posted by adnap View Post
I'm in the process of buying a new MJ, basically because used MJ's are few and far between, and don't depreciate too badly. Any car that has the plusses of an MJ just has to be valuable, so I think the salesman is just giving you the run-around.

As others have said, I'd make the trip over to ROI and buy it for that price.

Diesels are designed to do high mileages, 200/300 000 miles not being uncommon, and the Panda seems a well built and sound little car - look for problems on the web, they are few and far between. I'd say hang onto it.

I reckon it should be worth 50-60% of its value after 3 years. Besides, well maintained high miles cars are supposed to be in better condition than very low mileage (shopping trip) ones.

Also, if you do a trade now, you will take a big hit financially. If you keep the MJ, you will either have several more years of cheap and trouble free motoring (which is the likely outcome), or should the unlikely happen, and it needs repairing, then you'd be no worse off.

Adnap
I think 40-45% is a more realistic value for a 3 yr old Multijet with average miles, say 36K.

Whilst diesel engines should be good for high miles, people would always prefer a lower mileage car over a high mileage one and not without good reason. Even if the engine is great for 200K, other parts of the car will obviously wear the higher the mileage is.

I agree its much better to buy new (got mine just over a week ago) simply because a one year old MJ will not be far off what you can get a new discounted one for.
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Old 08-12-2007   #20
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Re: Depreciation disaster

Nothing worse than a car that hasn't been used except one that has obviously been abused.

I'll happily buy a high mileage car which has mainly been used on motorways but wary of a city only driven car.
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Old 08-12-2007   #21
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Re: Depreciation disaster

yup i once bought a low mileage car some old codger had and the bugger just wouldnt rev.
the car not the codger
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Old 08-12-2007   #22
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Re: Depreciation disaster

Quote Originally Posted by custard View Post
yup i once bought a low mileage car some old codger had and the bugger just wouldnt rev.
the car not the codger
Mind you, if you buy a used car you've got to check its going to rev properly. I always redline a used car on a test drive.
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Old 08-12-2007   #23
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Re: Depreciation disaster

What about the new Grande Punto (the lower spec models), there isnt a redline marker on them
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Old 08-12-2007   #24
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Re: Depreciation disaster

Quote Originally Posted by Joshua Frost-Lunn View Post
What about the new Grande Punto (the lower spec models), there isnt a redline marker on them
There isn't on the panda either. Interesting having a diesel with a tacho that goes to 7K! Funny that the manual says the fuel will be gradually cut if you over rev it, but it doesn't specify at what rpm!
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Old 08-12-2007   #25
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Re: Depreciation disaster

just a little sign of cost cutting isnt it
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Old 08-12-2007   #26
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Re: Depreciation disaster

No redline? Just hit the limiter instead
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Old 08-12-2007   #27
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Re: Depreciation disaster

Quote Originally Posted by T14086
Nothing worse than a car that hasn't been used except one that has obviously been abused.
Yep, I once bought an 8-year-old Renault 5, with 27,000 miles on the clock. I suspect it had spent a few years sitting in a field. It was my first car, I didn't know much about them then. Otherwise I might have noticed that the silencer was sparkly galvanised clean on top, and flaking rust underneath. The rest of the mechanical parts were in similar condition - it blew 3 head gaskets in 1000 miles, and then when it blew the head gasket in the new engine, I gave up on it. And bought an old Citroen, with hydraulic suspension that had no damping whatsoever.


Quote Originally Posted by trackdayqueen View Post
There isn't on the panda either. Interesting having a diesel with a tacho that goes to 7K! Funny that the manual says the fuel will be gradually cut if you over rev it, but it doesn't specify at what rpm!

That's these fancy engine electronics, the rev limit varies according to engine temperature. When it's cold it stops at 2500rpm!
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Old 09-12-2007   #28
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Re: Depreciation disaster

Quote Originally Posted by rbrian View Post
That's these fancy engine electronics, the rev limit varies according to engine temperature. When it's cold it stops at 2500rpm!
Really? Am sure i've gone a little over 2500rpm when its cold. Though i try not to but otherwise you can end up labouring the engine.
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Old 09-12-2007   #29
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Re: Depreciation disaster

Depends on the engine i suppose

I got advised not to go over 3000rpm when my engine was cold, and let it warm up

Which means on these cold winter mornings not pushing it to far for about 5-10 minutes , in summer though its only a matter of a few minutes

bring on warm mornings
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Old 09-12-2007   #30
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Re: Depreciation disaster

New scudo wont rev over 2000 unless its moving (picking up speed signal)
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