Buying - millage vrs price?

abnormalnorman

HI,

im looking for a new suv - and have came across one that i like. 2015 reg. one owner , full service record, going well, no issues, no major dents, running well.

Price is very right, about 7k lower than similar iv seen. problem is high millage - 340km.

my thinking is, if timing belt etc is all up to date, then worst case scenario that can happen is engine head / rings can go.

if this happens, probably cost €1-1.5k to fix. so I would still be winning overall - with new engine.

Am i missing something here? seems like a no-brainer to me to buy it?

User1998

Anything can go wrong with the car, but the same can be said for a low mileage car. Its not as easy as just swapping out the engine if something goes wrong. The new engine could have its own issues and you’d have to replace the timing belt. And a 2015 SUV engine would be more than €1.5k to replace.

Its obviously just done a lot of motorway mileage which is a good thing. One owner and full service is a bonus.

The only other issue really is resale. You’ll be trying to sell a car with around 400,000km. What car is it?

Car99

https://www.boards.ie/discussion/2058270857/buying-millage-vrs-price

€1.5K in parts would buy very little parts on a modern engine not to mention labour. 340K is alot of kms , if I was buy that I would be buying it to drive it until it dies. With a good service history and if you continue to service it regularly it should give you many years of service , unless it's French, Italian or German.

abnormalnorman

https://www.boards.ie/discussion/comment/119847372#Comment_119847372

its a Hyundai.

I would imagine that €2.5k would sort out most issues?? And as you say, anything can go wrong with any car.

User1998

https://www.donedeal.ie/view/32402285

I assume its this. Have you negotiated on the price?

It could be a very good car but the biggest problem is resale. The amount of people that will buy a 400,000km car is very small. As above poster said I’d be keeping it until it dies.

abnormalnorman

https://www.boards.ie/discussion/comment/119847478#Comment_119847478

ha! ya.

no i havnt contacted seller yet.

Wildly Boaring

340k km is 210k miles

I'd leave it off. 250k miles was end of life for many cars. Even an old Vento my father maintained perfectly.

Lots of bits could be nearing end of life. Suspension parts, bearings, seats, exhaust.....

DPF, EGR, lambda sensors and all that gubbins.

You mentioned the engine. Replacement one be nearer 5k than the 1.5k. But things like injectors or a turbo easily run to 1k. Clutch 1k. Glow plugs few hundred.

Give me a low mileage, older car any day.

Atlantic Dawn

It could work out fine if there's no major work to do and it has been regularly serviced. The main problem with buying something like this is that you will need to hold on to it as resale will be near impossible even though car may be in better condition than one poorly maintained with half the miles.

User1998

https://www.boards.ie/discussion/comment/119847502#Comment_119847502

Ah, okay. Well you mention that its “going well, no issues, no major dents, running well” etc. I would view the car in person first before believing what the seller has said.

Me personally I rather a high mileage newer car thats been well taken care of. But some people will disagree.

If you could negotiate on the price a bit it could be a good buy

abnormalnorman

https://www.boards.ie/discussion/comment/119847598#Comment_119847598

Are they supposed to be a good machine overall? any known issues with them, or the 2015 model?

PatrickDoherty

I know the market is tough now a days but are people really paying 12k for an 8 year old car driven into the ground wtf

abnormalnorman

https://www.boards.ie/discussion/comment/119866556#Comment_119866556

well shur you see what the rest of them are making , with mileage of up to 250km - still making 16-17k.

you'd pay probably close to 40k for a new one?!

Casati

Humm owned by a farmer and has a tow bar too so likely towing cows around. Literally anything that can go wrong in a car is likely to fail at that mileage and a lot of faults could be expensive. I’d pass!

abnormalnorman

https://www.boards.ie/discussion/comment/119881633#Comment_119881633

okay thanks.

but it if driving good, clutch good, breaks etc. no strange noises from engine. and a good mechanic finds nothing wrong with it. if you bought it and gave it a run through (timing belt etc if not done), what could happen it that would cost you the 4-5k you would be saving on buying one with probably only 100-150k km less. ??

PatrickDoherty

https://www.boards.ie/discussion/comment/119881511#Comment_119881511

Its crazy market alright, I have a passat with 160kms and I thought it was time to shift before the arse falls out the value of it but might keep till 200km now.

mickdw

https://www.boards.ie/discussion/comment/119882095#Comment_119882095

You seem to have made up your mind.

Your theory re changing engine is all well and good but you are forgetting about the other 80 percent of the car that will still have the large mileage.

I wouldn't touch it.

It will be expensive to keep on the road at that mileage and will be saleproof.

A new sante fe today is a hell of a lot more than 40k though.

Casati

https://www.boards.ie/discussion/comment/119882095#Comment_119882095

Yeah you could get lucky and all could look okay and you might not have an issue, but unless most moving parts and suspension parts have been replaced they are all nearing or indeed past their design life. Having said that Ive seen cars going great with much higher mileage

User1998

My 380,000km Lexus SUV is still going strong. Just passed the NCT with very little effort. Obviously the previous owner had looked after it.

bazz26

That Santa Fe is no Lexus though.

User1998

https://www.boards.ie/discussion/comment/119882807#Comment_119882807

Thats true