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Perfect timing?

WhiteWalls · 2014-09-13 16:15:16

Friend of mine told me that the main reason why he trades in his car every 3 years and gets a new one is because if he leaves it any longer the car will lose a large amount of its value? So in relation to buying a second hand car, what year would be the most sensible and economical to look out for? One that would be a good…

13-09-2014 4:15pm

#1

WhiteWalls

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Join Date: March 2014

Posts: 664

Friend of mine told me that the main reason why he trades in his car every 3 years and gets a new one is because if he leaves it any longer the car will lose a large amount of its value?

So in relation to buying a second hand car, what year would be the most sensible and economical to look out for? One that would be a good car still but a lot of its value is gone at that stage?

Thanks

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Comments

#2 13-09-2014 6:55pm

bazz26

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Join Date: January 2005

Posts: 50633

A car looses most of it's resale value in the early years of it's life and then begins to slow down as it's value becomes less. The only real way to play the depreciation game is to buy second hand where the car has already suffered heavy depreciation and then drive it into the ground.

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