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18/12/2020 at 11:08am
Location: East Herts
Outfit: 1992 Elddis Wisp 450CT + X Trail
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Quote: Originally posted by Jim1977 on 18/12/2020
Thanks Colin that’s interesting to hear. I would have thought with all the electric gadgets and systems these days they could become a nightmare of gremlins so that’s good to know. I guess it depends on the brand too. I guess too, if you factor in say £1500 of depreciation each year on a 3 year old car, you’d be unlucky to spend that on repairs on the older car every year with average luck.
We have got a 6 year old Nissan Leaf and a 7 year old Honda CRV, not a single issue with either yet. Maybe I should hold my nerve and run them for longer...
I run a 2008 Nissan X Trail and it's a great tow car. It's now done 118,000 miles and the bodywork looks like a 3 year old car from the 1960s would have done. It's got all the bells and whistles as it's a top of the range model and so far everything still works. I had that old Volvo for 9 years and it still ran like a watch when I sold it. Probably the biggest expense I had on the Volvo was when the air-con compressor failed and cost me £800 to have fixed. Most years the repair costs were nil, only things like light bulbs, tyres etc, that are just consumables did I have to fork out for. It's significant I think that cars since the 1990s have had mileometers with 6 digits, whereas those made previously only had 5 digits. Very few cars back then lasted 100,000 miles, and many got scrapped before 80,000. These days 150,000+ is quite normal and many last a lot longer than that. Once cars reach the sort of age that I usually buy you don't even think about depreciation. You can often buy a car, run it for a couple of years then sell it for what you paid for it, or sometimes even more. When I was looking for my X Trail I found that the prices of newer cars were falling, as usual, but prices of older cars were actually rising and they still are. People are catching on and keeping them for longer, hence there are fewer for sale. Still plenty on the road though.
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Best Regards,
Colin
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Topic: Electric cars
