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Number of owners - how it effects resale?

  • 04-05-2007 8:20am
    #1
    gimpotronitus
    Registered Users, Registered Users 2 Posts: 303 ✭✭


    Hi,

    Does the number of owners effect resale value? I am looking at buying a 2005 car and I will be the third owner.

    Any thoughts?

    thanks.


Comments

  • #2
    Seth Brundle
    Moderators, Politics Moderators Posts: 41,235 Mod ✭✭✭✭Seth Brundle


    I would just ask why was the car kept for an average of one year per owner?
    Get it checked over by a mechanic (regardless of where you buy it!) but once it has the all clear then I wouldn't worry.


  • #3
    overdriver
    Closed Accounts Posts: 1,173 ✭✭✭overdriver


    It suggests a lemon, doesn't it, a lot of owners in a short space of time? Even if the car's been sold on for other reasons, there'd still be a seed planted in a potential buye's head.


  • #4
    colm_mcm
    Registered Users, Registered Users 2 Posts: 73,520 ✭✭✭✭colm_mcm


    The car may have been pre-registered by a garage, It may have also been a demo model or a hire drive.


  • #5
    mike65
    Closed Accounts Posts: 88,972 ✭✭✭✭mike65


    More owners = less chance of a proper serivce history.

    Mike.


  • #6
    colm_mcm
    Registered Users, Registered Users 2 Posts: 73,520 ✭✭✭✭colm_mcm


    derpends on who the owners were and how long they actually owned the car. nigh on impossible to find that out though


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  • #7
    Countryripple
    Registered Users, Registered Users 2 Posts: 283 ✭✭Countryripple


    I dont know. I was the 5th owner on my last car. It was a 00 fiesta. I just imagine that people got it as a 'starting off' type of car and wouldnt be something they would hold onto for long like myself. The thing was mint when i bought it and when i sold it on. Buyer did ask why there had been so many owners, but how the hell are you suposed to answer that question? :rolleyes:

    Once a car has been well kept and is in good condition throughout, what does it matter how many owners there were? A car could have had one owner that ran the cr@p out of it, or four that treated it like a baby.


  • #8
    tvr
    Registered Users, Registered Users 2 Posts: 416 ✭✭tvr


    wont worry about it check the registration document it should be blank on the name for previous ownwer therefore would suggest that the car was pre registered to a garage sold with few miles on it and now is being sold to you third owner. when in respect it has only had one. good bargaining point do as the owner would have got more off for a demo.


  • #9
    colm_mcm
    Registered Users, Registered Users 2 Posts: 73,520 ✭✭✭✭colm_mcm


    If the car was pre-registered, the previous owner showing on the registration document would be garage or distributor.
    This is only for the old registration system, and is likely not to apply to a 2005 car.


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