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Thread: Car buying and selling economics!

  1. #1
    Master
    Join Date
    Dec 2014
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    Bath, UK
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    Car buying and selling economics!

    I am looking to benefit from people more fastidious, experienced and wise than I!

    My wife is a teacher with a 32 mile each way commute (90% dual carriageway 60-70mph). She probably does around 15-20k miles a year (depending on how much schools have been shut with covid!). Current car is a 2014 Volvo V40 D2 Cross country with power shift gearbox (Peugeot engine with Ford gearbox...). Bought it about 3.5 years ago with 35k on the clock, now has 88k. Not really given us much trouble other than this year there was an in issue with the injector manifold (I think?) and it cost a few hundred to fix on top of a big cam belt service. It has been serviced when it should with two vital gearbox services having been done and another coming up in about 10k miles. So it has been well looked after.

    She needs a safe, reliable, automatic car with parking cameras and as much safety gear as you can get (nervous driver). The Volvo is very well kitted out in this respect and she likes the car.

    If a car is well maintained and you know the history would the general wisdom be to keep this car until it starts to become unreliable or sell now and get something newer while it is still worth something? Max we could sensibly spend would be about 15k I think (which doesn't seem to get you much in todays market!).

    I think I am leaning towards keeping it and just servicing it regularly and hoping for the best. Any thoughts? Also, any car recommendations appreciated!

  2. #2
    I'd keep it. A known quantity is always worth something

  3. #3
    Craftsman
    Join Date
    Jan 2013
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    United Kingdom
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    Cheapest car is the one you currently own and more importantly know I say stick.

    Stay on top of servicing and repairs.

    If you twist you could be buying into more big spends and unknowns.

  4. #4
    Agree with the others - better the devil you know.

  5. #5
    Master
    Join Date
    Apr 2011
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    Midlands
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    My last v70 amd s80 were trouble free except for the usual brakes and belts. I sold both after 10 years with a 188000 miles as I wanted drew toys.

    My last s60 had just under 90000 miles and was 3 years old when I sold it all motorway miles. I would rather keep what I have as I know it’s niggles and warts and have looked after it. New cars can be a pin and have a few niggles to work out. My wife’s Range Rover spent a few months in and out of the dealer. Touch wood all resolved now but additional aggro.

  6. #6
    Master
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    Mountsorrel uk
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    I'm surprised a ford powershift gearbox has lasted that long they have an awfull reputation at least you have had it serviced if it goes bang it will not be economic to fix, if it was a manual I would say keep, if it was mine I would get shot of it while it still works

  7. #7
    Master
    Join Date
    Dec 2014
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    Quote Originally Posted by Michael 38 View Post
    I'm surprised a ford powershift gearbox has lasted that long they have an awfull reputation at least you have had it serviced if it goes bang it will not be economic to fix, if it was a manual I would say keep, if it was mine I would get shot of it while it still works
    The gearbox is the main worry I will be honest. Having said that, Volvo use the wet clutch MPS6 gearbox which Ford only later started using in their 2L models. Most of the well-documented issues are in the dry clutch transmissions (similar story with VAG DSG boxes).

    From the research I have been able to do the wet clutch boxes are generally ok if serviced properly and timely.

  8. #8
    Master
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    I'd keep it too.

  9. #9
    Master
    Join Date
    Oct 2019
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    Chelmsford, Essex
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    Have to agree with everyone else and say keep it. Used prices are high now so getting something newer will be expensive and there is no telling what issues you might get.

  10. #10
    If your decision is purely economic, and you have no interest in buying another car, drive the one you have until the wheels fall off, this will always be the cheapest solution, all cars have maintenance costs based on mileage so you can virtually ignore them.

  11. #11
    Master
    Join Date
    Mar 2017
    Location
    N Ireland
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    4,435
    Another vote for what you have. Depreciation is most painful when you first buy a car, and you currently have a known quantity in the Volvo.

    Sent from my Nokia 1.4 using Tapatalk

  12. #12
    I’ve recently rebought a Volvo V60, having had a similar one a few years back as a company car which was flawless. Fortunate to get one with D5 engine which we ran for 10 years in our family XC90, so I know inside out. V60 had a great history, was due a cam belt and water pump which I had done at Voltech, Scotlands leading Volvo indie specialists. Also had autogearbox fluid done at same time as a precaution. It’s done 77K, reckon I’ll get the same again or more with no issues, as the build on Volvos is bombproof.

    So yeah, keep it.

  13. #13
    Quote Originally Posted by magpie215 View Post
    Cheapest car is the one you currently own and more importantly know I say stick.

    Stay on top of servicing and repairs.

    If you twist you could be buying into more big spends and unknowns.
    I agree with this 100%



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