Will my car be worthless?

Johnnyhpipe

Hi, I have a 2011 diesel E-class which I absolutely love. I wont be selling it for a few years yet but from what I’ve read I better sell it by 2021 as it’ll be 10 years old and most places wont insure it??

With that in mind, is there any market for 10 year old cars? That, and the fact that its now a filthy diesel (i bought it when we were told diesel was better...) - it sounds like im better off rolling it over the edge of a cliff than trying to sell?!

punisher5112

Johnnyhpipe wrote: »

Hi, I have a 2011 diesel E-class which I absolutely love. I wont be selling it for a few years yet but from what I’ve read I better sell it by 2021 as it’ll be 10 years old and most places wont insure it??

With that in mind, is there any market for 10 year old cars? That, and the fact that its now a filthy diesel (i bought it when we were told diesel was better...) - it sounds like im better off rolling it over the edge of a cliff than trying to sell?!

15 years is a problem for insurance if a new customer.
Some are at 10 but not all

One thing that will impact is people are been pushed away from diesel and the UK are disposing of theirs mainly here.

Prices will drop considerably I would say.

NIMAN

No-one really knows what will happen in the future of motoring.

But its probably safe to say that depreciation on your car will make it worth next to nothing, and then perhaps Gov policy and taxes may make it worthless.

But no-one really knows.

Some places like Madrid, Paris etc are banning diesel cars in the coming years. And there does seem to be an anti-diesel drive on around the world, so if it gains momentum there is a fair chance that a 10yr old diesel car will not be attractive at all. Its likely they will be taxed out of existence.

But there are a lot of diesels out there, and it may be politically dangerous to hit them all hard quickly....may be phased in over a long time.

Heres Johnny

In 2021 your car will be worth what a 2008 model is now, a quick look on done deal suggests this is about 4000 euro so not much anyway, this is just age and depreciation at play, not much to do with insurance or diesel.

I don't know how untouchable diesel cars will be in 3 years but you'll get something for it.

NIMAN

Yeah I think in 3yrs there won't be that much of a backlash, but I wouldn't suggest the OP buys another diesel after his current car!

Grueller

I am not too afraid of a diesel ban. I drive into cities twice a year maybe and the depreciation is almost a non runner as I buy cars at ex demo stage generally, maintain them well and drive them for 10-12 years before flogging for whatever pittance I can get. I have gotten my value that way anyhow.
Not much help to the op but sounds very like thats what he is doing with his current car.

SpitfireIV

I drive a 98 Starlet, have it for the past 6 years, love it and have no intention of giving it up because the gov would rather I buy a new car or upgrade!! The insurance business is doing its best to price me out of the market now, for the past couple of years a lot of insurers wont quote me or give me a rediculous quote (I'm 34, full licence, no claims, no points) of over a grand!! Thankfully Bank of Ireland offered me a very resonable insurance and I've been with them the past couple of years.

My car is 20 years old now, the determination of the gov/insurers to get my car off the road makes me all the more determined to keep it! You'll find an insurer if you shop around....a lot!

StereoSound

SpitfireIV wrote: »

I drive a 98 Starlet, have it for the past 6 years, love it and have no intention of giving it up because the gov would rather I buy a new car or upgrade!! The insurance business is doing its best to price me out of the market now, for the past couple of years a lot of insurers wont quote me or give me a rediculous quote (I'm 34, full licence, no claims, no points) of over a grand!! Thankfully Bank of Ireland offered me a very resonable insurance and I've been with them the past couple of years.

My car is 20 years old now, the determination of the gov/insurers to get my car off the road makes me all the more determined to keep it! You'll find an insurer if you shop around....a lot!

Safety is a concern on an old yoke like that, if it has an airbag would it still be functional after 20 years or would the mechanism be jammed at this point? Is there proper impact protection zones on those old starlets?

I had an old 98 civic for years and safety was the reason I sold it on, it would be crushed like a tin can in a crash. No rear impact protection behind the rear bumper on my old civic. They are simple cars from a mechanical point of view so not much to go wrong with them. But after you get youself into something newer you will never look book in terms of comfort and safety.

Wibbs

SpitfireIV wrote: »

I drive a 98 Starlet, have it for the past 6 years, love it and have no intention of giving it up because the gov would rather I buy a new car or upgrade!!

Yay! another member of the 98 Club.

The insurance business is doing its best to price me out of the market now, for the past couple of years a lot of insurers wont quote me or give me a rediculous quote (I'm 34, full licence, no claims, no points) of over a grand!!

Do NOT get me started on that den of bandits.

My car is 20 years old now, the determination of the gov/insurers to get my car off the road makes me all the more determined to keep it!

Large part of it for me too. Another is how cheap it has been to run. Annual maintenance over more than a decade runs to under 200 quid.

StereoSound wrote: »

Safety is a concern on an old yoke like that, if it has an airbag would it still be functional after 20 years or would the mechanism be jammed at this point?

Chances are it'll deploy as normal.

I had an old 98 civic for years and safety was the reason I sold it on, it would be crushed like a tin can in a crash. No rear impact protection behind the rear bumper on my old civic. They are simple cars from a mechanical point of view so not much to go wrong with them. But after you get youself into something newer you will never look book in terms of comfort and safety.

Whatever about comfort, it would be my humble that the safety aspect is oversold to a fair degree. Most cars from the 90's onwards were built to the safety standard of the time. Yes most new cars are safer, but the differences are not so great. On another forum I'm on a member had a crash in a 90's Honda involving a 2014/15 Jag XE.



The Jag has a five star NCAP rating, weighs nigh on half a tonne more and yes the Honda crumpled more(crumple zones doing their job), but considering the near 20 year difference in design the passenger compartment stayed together and the door could be opened and the driver wasn't injured.

Widdensushi

Johnnyhpipe wrote: »

Hi, I have a 2011 diesel E-class which I absolutely love. I wont be selling it for a few years yet but from what I’ve read I better sell it by 2021 as it’ll be 10 years old and most places wont insure it??

With that in mind, is there any market for 10 year old cars? That, and the fact that its now a filthy diesel (i bought it when we were told diesel was better...) - it sounds like im better off rolling it over the edge of a cliff than trying to sell?!

However much your merc will depreciate in the next few years if you upgrade to newer it will depreciate more. Save up the money and you might do well in a scrapage deal in a few years

Galadriel

SpitfireIV wrote: »

I drive a 98 Starlet, have it for the past 6 years, love it and have no intention of giving it up because the gov would rather I buy a new car or upgrade!! The insurance business is doing its best to price me out of the market now, for the past couple of years a lot of insurers wont quote me or give me a rediculous quote (I'm 34, full licence, no claims, no points) of over a grand!! Thankfully Bank of Ireland offered me a very resonable insurance and I've been with them the past couple of years.

My car is 20 years old now, the determination of the gov/insurers to get my car off the road makes me all the more determined to keep it! You'll find an insurer if you shop around....a lot!

I have a 99 Peugeot and feel the exact same, initially when the new rules came out I thought i would have to get rid of it or start coughing up an extra 1000 a year but my current insurer has been very reasonable (The AA), funny enough BOI wouldn't quote me at all, I'm 38, full licence, no claims etc.

But I love my car and hoping to keep it on the road as long as I can!

Del2005

punisher5112 wrote: »

One thing that will impact is people are been pushed away from diesel and the UK are disposing of theirs mainly here.

I sick of seeing this being written everywhere, in the press and on forums etc. The UK is not disposing of its diesel cars here the Irish are going over in their thousands and buying them. Its not like the UK is loading diesels onto ships and forcing any Irish person who walks past to buy one, it's the opposite where people are complaining about some UK companies which won't sell for export.

The Germans have yards full of older diesels that no one wants I'd say if it was easy to swap the steering wheel the Irish would ignore the UK and take the German diesels for free.

punisher5112

Del2005 wrote: »

I sick of seeing this being written everywhere, in the press and on forums etc. The UK is not disposing of its diesel cars here the Irish are going over in their thousands and buying them. Its not like the UK is loading diesels onto ships and forcing any Irish person who walks past to buy one, it's the opposite where people are complaining about some UK companies which won't sell for export.

The Germans have yards full of older diesels that no one wants I'd say if it was easy to swap the steering wheel the Irish would ignore the UK and take the German diesels for free.

Yes and dealers are bringing in truck loads.


Tax system change recently in UK also so it's having a knock on slightly.

hoodie6029

Del2005 wrote: »

I sick of seeing this being written everywhere, in the press and on forums etc. The UK is not disposing of its diesel cars here the Irish are going over in their thousands and buying them. Its not like the UK is loading diesels onto ships and forcing any Irish person who walks past to buy one, it's the opposite where people are complaining about some UK companies which won't sell for export.

Eddie Cunningham in the Indo is the cheerleader of this at the moment. 'beware of dirty diesels from England'. Same guy was telling everyone to switch to diesel a few years ago for the great economy and resale value. I don't know why I read his tripe actually...

SpitfireIV

StereoSound wrote: »

But after you get youself into something newer you will never look book in terms of comfort and safety.

I've driven my dads 161 Fiesta for a time and recently drove his new 181 Fiesta, have also had a spin of the brothers 171 Civic, while they're all lovely cars I dont like the experience really, they're too fussy, far too much going on and I find a disconnect from the driving experience. I like my humble simple Starlet

Galadriel wrote: »

I have a 99 Peugeot and feel the exact same, initially when the new rules came out I thought i would have to get rid of it or start coughing up an extra 1000 a year but my current insurer has been very reasonable (The AA), funny enough BOI wouldn't quote me at all, I'm 38, full licence, no claims etc.

But I love my car and hoping to keep it on the road as long as I can!

306 by any chance? I love those cars and think they've aged incredibly well! Thats interesting that the BOI wouldnt insure you, maybe the guy on the phone was telling the truth when he said there was benefits to being a bank of ireland customer?!

Galadriel

SpitfireIV wrote: »

306 by any chance? I love those cars and think they've aged incredibly well! Thats interesting that the BOI wouldnt insure you, maybe the guy on the phone was telling the truth when he said there was benefits to being a bank of ireland customer?!

Yep, it is indeed! It just past it's NCT for another year this week...woohoo! Yeah, I heard that BOI where insuring older cars on boards but no go for me, I just hope each year that my current insurer keeps the price fair.

theskibag

In the same boat with a big dirty 2010 Jag.

Thinking of just driving it into the ground

ION08

My god I'm sick of hearing about this scaremongering surrounding "dirty diesels"

Nobody is placing a blanket ban on diesel cars and IF there are to be bans, they will be placed on the sale of "New" diesel cars.

For the moment the UK haven't imposed anything on Diesel cars and Ireland are usually always a good few years behind the UK in terms of taking any action.

The NCT doesn't even check Diesel cars for DPF's over here for God's sake and here we are panicking about what might be around the corner :rolleyes: based on scaemongering pub-talk bout "dirty diesels" :rolleyes:

Worst case scenario "Road" Tax on diesel cars will increase in a few years time and there might be incentives to buy Hybrids.

You stand to lose more money by making brash decisions to sell and buy something else based on unsubstantiated claims of diesel being "BANNED" than you do by the expected depreciation of a diesel car that is currently only worth a couple of grand anyway

For the moment and for the foreseeable future, Diesel is still economically viable if you need a diesel and if you do the miles to justify it.

Lord Nikon

SpitfireIV wrote: »

I drive a 98 Starlet, have it for the past 6 years, love it and have no intention of giving it up because the gov would rather I buy a new car or upgrade!! The insurance business is doing its best to price me out of the market now, for the past couple of years a lot of insurers wont quote me or give me a rediculous quote (I'm 34, full licence, no claims, no points) of over a grand!! Thankfully Bank of Ireland offered me a very resonable insurance and I've been with them the past couple of years.

My car is 20 years old now, the determination of the gov/insurers to get my car off the road makes me all the more determined to keep it! You'll find an insurer if you shop around....a lot!

Maybe you are just being stubborn to sound like a rebel, or too cheap to spend some money on a newer car. Look at carzone, and there are hundreds of 10 year old cars that can be bought for a few grand, which would be safer, and easier to insure. As a petrolhead, I really don't get people driving around in clapped out bangers, and trying to insure them, for more than the car is worth.

josip

Fairly happy where we are in our car ownership cycle.
We normally buy new, mind it and keep it for 10 years and then sell privately for what we can get.
We're now 3 years into another diesel and currently EVs have neither the range nor the capacity we need, for our lifestyle, within our budget.
They're heading in the right direction though and I expect that in 7 years time there will be viable EV alternatives.
The only difference I expect is that next time around instead of getting €3,000/€3,500 for our car, we'd probably be doing well to get €1,000/€1,500.
So 'scrappage' deals might be the route we'll go.

Alanstrainor

Lord Nikon wrote: »

Maybe you are just being stubborn to sound like a rebel, or too cheap to spend some money on a newer car. Look at carzone, and there are hundreds of 10 year old cars that can be bought for a few grand, which would be safer, and easier to insure. As a petrolhead, I really don't get people driving around in clapped out bangers, and trying to insure them, for more than the car is worth.

You've made a bit of a leap there haven't you? Rebel? Clapped out banger? What are you on? They have a reliable, well sorted small car that suits their needs down to the ground. Presumably it passes it's annual NCT. So why change? And who says those 10 year old cars will be in better shape mechanically? They will be safer, but that goes for any newer car compared to older.

SpitfireIV

Lord Nikon wrote: »

Maybe you are just being stubborn to sound like a rebel, or too cheap to spend some money on a newer car. Look at carzone, and there are hundreds of 10 year old cars that can be bought for a few grand, which would be safer, and easier to insure. As a petrolhead, I really don't get people driving around in clapped out bangers, and trying to insure them, for more than the car is worth.

Its far from a clapped out banger I can assure you! To be honest with you, I dont have a few grand to be spending on a new car, Starlet has caused me very little hassle (apart from burning oil badly at 237K miles, but €150 and a days work later and she had a 95K engine fitted ) and I love it, as long as I can keep it going it'll be on the road

jacksie66

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jacksie66

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Lord Nikon

Alanstrainor wrote: »

You've made a bit of a leap there haven't you? Rebel? Clapped out banger? What are you on? They have a reliable, well sorted small car that suits their needs down to the ground. Presumably it passes it's annual NCT. So why change? And who says those 10 year old cars will be in better shape mechanically? They will be safer, but that goes for any newer car compared to older.

As a petrolhead, I don't understand it, each to their own.

All cars that drive are reliable until they break I suppose, and most people have a car that suits there needs. But honestly, just taking the safety aspect into it for a second, i would never in my right mind drive my kids around in a 20 year old car, with no airbags, side impact bars, etc. it's just not save to drive if you are hit by a larger more modern vehicle.

Also, is it worth the effort of shopping around to get insurance for 1k, when an NCTd Nissan Micra insurance may be half that, safer, with some extra features and 10 years newer.

josip

Lord Nikon wrote: »

As a petrolhead, I don't understand it, each to their own.

All cars that drive are reliable until they break I suppose, and most people have a car that suits there needs. But honestly, just taking the safety aspect into it for a second, i would never in my right mind drive my kids around in a 20 year old car, with no airbags, side impact bars, etc. it's just not save to drive if you are hit by a larger more modern vehicle.

Also, is it worth the effort of shopping around to get insurance for 1k, when an NCTd Nissan Micra insurance may be half that, safer, with some extra features and 10 years newer.

Some valid points there, but if you're trading up and not buying new, then you've got to consider the uncertainty around the newer car's history.
What happens if that new 2 year old car you're buying is an imported insurance write off from the UK?

SpitfireIV

Lord Nikon wrote: »

As a petrolhead, I don't understand it, each to their own.

All cars that drive are reliable until they break I suppose, and most people have a car that suits there needs. But honestly, just taking the safety aspect into it for a second, i would never in my right mind drive my kids around in a 20 year old car, with no airbags, side impact bars, etc. it's just not save to drive if you are hit by a larger more modern vehicle.

Also, is it worth the effort of shopping around to get insurance for 1k, when an NCTd Nissan Micra insurance may be half that, safer, with some extra features and 10 years newer.

I'd class myself as somewhat of a petrol head myself, but I'm not interested in modern cars or seeing them as an expendable item that you update every few years. Great for those who can afford it, but I like the idea of driving a late 90's car as I know they are becoming a rarer sight on the roads, so, that in itself has a novelty factor. Its clean, simple, basic, might not reach modern standards of safety but then I don't have kids to ferry about and I dont need features :-)

Oh, and my insure is nowhere near a grand, granted I did get some quotes of that range.

SpitfireIV

jacksie66 wrote: »

That's a beautiful machine. I love seeing older cars in great nick. Nowadays people are being forced into getting newer cars, getting loans and into debt with pcp. In quite happy with my 400 machine.

That looks very tidy!! Well done.

Del2005

josip wrote: »

Some valid points there, but if you're trading up and not buying new, then you've got to consider the uncertainty around the newer car's history.
What happens if that new 2 year old car you're buying is an imported insurance write off from the UK?

That's why you do a history check and bring it to your mechanic before buying. Nearly every thread here when people have issues with cars is when they have bought without doing the basics.

Guy:Incognito

josip wrote: »

What happens if that new 2 year old car you're buying is an imported insurance write off from the UK?

You don't buy it and you go buy a different one. Was that a trick question?

NBar

I have an 2000 Yaris that I love as can park it anywhere and it starts 1st time every time. Passes it’s NCT and is comfortable enough for me. I can buy a new car but don’t want to unless I’m forced to as don’t see the benifit etc. Before my yaris I had an 87 starlet and it was the best thing ever but I scrapped it as things started going wrong. My attitude is drive and enjoy and worry about the other stuff when the time comes to face it or I can’t get insurance cover.

Wibbs

Lord Nikon wrote: »

As a petrolhead, I don't understand it, each to their own.

Well as a petrolhead there is another aspect to older cars. For the same price as a brand new very basic entry level box on wheels you can get a fair range of pretty special cars from yesteryear. And if you buy right the depreciation will be minimal and indeed the values can even go up.

What is the cheapest new car these days? Kia or Dacia I'd imagine. 11-12 grand? Go onto Donedeal and set your budget at 10k and look at the "old" and not so old pretty cool petrolhead machinery you can get for that kinda money. TBH I wish I had about 20 K and a large dry shed because some very cool cars that are more expensive in the rest of Europe can go for peanuts here because of the insurance gouging/PCP/new plate madness in Ireland.

Anjobe

Wibbs wrote: »

What is the cheapest new car these days? Kia or Dacia I'd imagine. 11-12 grand?

Lumping Kia in with Dacia is a bit out of date. The cheapest Kia is over a grand more than the cheapest VW!

Zubeneschamali

I think maybe the Suzuki Celerio at €9995 is the cheapest new car on sale?