[djimi]

Originally Posted by RoverJames

€7250 to go from a 2006 Civic to a 2011 Civic?
It sounds like a tremendous deal to be honest.

However the Civic they have should last indefinitely (10 to 20 years) if serviced, so if they're sole aim is to avoid depreciation they'd be better off keeping it.

It does seem a very good deal though.

I was thinking the same; they are effectively offering €10k for a 2006 Civic, which seems to be worth about €7500 with that mileage according to Carzone.

That said, I really wouldnt be spending €7500 just for the sake of having a newer car. Even factoring in NCT, newer tax brackets, increased servicing etc there would want to be some pretty major fault with their existing Civic to justify spending that kind of money on upgrading. If they are happy with the car they have then Id say keep it well serviced and stick with it; it wont give them much trouble if its looked after.

[bazz26]

They will only be back in the same situation again in 2 years time, you cannot dodge depreciation by upgrading to a new car. The best way to limit depreciation is to either keep what you have for a very long time or go down the bangernomics route.

[anthony4335]

Financially it will always be better to drive a car into the ground, or at least until the parts bill starts to get too expensive . But in saying that , it sounds like a good deal.

[ShadowHearth]

I think it's madness to spend anther 7000eu to save.... How much? Nobody knows. that civic might still be driving and live on with no additional costs even after we all die.

If they want save money on deprecation, then they need to down grade to cheapest car they can, and take their losses now, while it has the highest value, not upgrade to newer model and sink even more money.

[Limerick man]

They changed the Civic this year didn't they?

i know what will have a higher value in three years time anyway!

[Marcusm]

Ask them what holidays they could have each year for €1,000. I'd be surprised if the new car was more than €450 per year less to repair. At a retired stage of life, people need to think how t spend it!! Unless their motoring enthusiasts an updated car is uilikely to significantly enhance their lives!

[TheZ]

One possible reason to change is the gap to change to a 2011 car isn't that big. Would keep them in six year old car ( what they have now) in 2017. Tax may be lower on newer car and perhaps less to go wrong

Doesn't make financial sense to trade in strictest sense but will they have 17,000 lying around to get into equivalent car (one year old civic) when/if they do decide to change

[stifflers ma]

Originally Posted by Limerick man

They changed the Civic this year didn't they?

i know what will have a higher value in three years time anyway!

??

No, as per the OP they are strongly considering changing it now.

What's your specific point poster?




Appreciate all the replies and input.

[Limerick man]

Originally Posted by stifflers ma

??

No, as per the OP they are strongly considering changing it now.

What's your specific point poster?




Appreciate all the replies and input.

What i mean is, why would they come up 5 years to the exact same car, where as there is a new model out for the year 2012.

http://www.carzone.ie/search/Honda/C...t?channel=CARS

if you could find a demo model somewhere.

Why oh why they would literally pay for their number plate to say 11 rather than 06 is beyond me.

[stifflers ma]

Originally Posted by TheZ

One possible reason to change is the gap to change to a 2011 car isn't that big. Would keep them in six year old car ( what they have now) in 2017. Tax may be lower on newer car and perhaps less to go wrong

Doesn't make financial sense to trade in strictest sense but will they have 17,000 lying around to get into equivalent car (one year old civic) when/if they do decide to change

But they don't care about having a one year old car - they just want to avoid what they percieve as additional costs if they don't change.

All they are interested in is having a reliable car that they can stick knick knacks from knock in.



something along these lines is how it looks now

(I'll be showing them this thread)

[stifflers ma]

Originally Posted by Limerick man

What i mean is, why would they come up 5 years to the exact same car, where as there is a new model out for the year 2012.

http://www.carzone.ie/search/Honda/C...t?channel=CARS

if you could find a demo model somewhere.

Why oh why they would literally pay for their number plate to say 11 rather than 06 is beyond me.

Ahh, got you now, very good point, thanks.

[galwaytt]

Originally Posted by stifflers ma

Ahh, got you now, very good point, thanks.

They'd be mad to change, from a financial and technical point of view.

However, if they are happy to spend 7500 for a degree of mental 'comfort', let them. But the reasons you quote them for doing so are completely unfounded. Of all the cars in the marketplace, they couldn't have picked a car LESS likely to give them cause for concern. Indeed, somewhat darkly, it could, truly, outlive them.......

I'm getting off the new/recent car merry-go-round, and going back to a 10yr old car. And not even a Honda at that.

Btw, love the holiday-every-year idea instead !