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How do you work out depreciation on a car bought from new?

How do you work out depreciation on a car bought from new?

Frank Dodd (Dublin)

Oct 2011 Filed under: used car values

Expert answer

Hi Frank,

This isn't quite an exact science and you can't really "work it out" but instead you can guess based on evidence from the past. Take a look at what the cars retail for after one year, two years, three years and so on and see what percentage of the car's original value it has retained. There have traditionally been some brands that have kept their value better than others - Ford, Toyota and Volkswagen would be some that spring to mind.


How much is my Land Rover Freelander worth?

I need to know what a 2001 Land Rover Freelander ES TD4 Estate is worth. It has a TD4 BMW diesel engine and has done 113,500 miles. It is in good condition, has leather with heated seats, six-disc CD changer, premium alloy wheels, side steps, manual transmission and five doors.

Thanks

Aaron Tiernan (Frenchpark)

Oct 2011 Filed under: used car values

Expert answer

Hi Aaron,

I'm afraid a dealer won't value such an old car so highly. They're selling at about €3,000 on dealer forecourts now so you can expect to be offered significantly less on trade-in. You may be better off trying to sell it privately. Advertise at a little under €3,000 and expect to let it got for a few hundred Euro less.

Please do come back to us to let us know how you get on.


How can I charge an electric vehicle without a driveway?

How would I charge an electric car when I don't have a driveway ? I like the idea of having an electric car as my commute is approx 12 miles per day, but I don't have a driveway to charge it from. What are my options ?

Paul Campbell (Irishtown)

Oct 2011 Filed under: electric cars

Expert answer

Hi Paul,

Well one obvious answer, given the length of your commute would be to charge it in work during the week. Failing that, while the ESB will fit a box to the outside of your house, this would mean a lead being attached to your car from this and this of course could be open to vandalism. You will find that the number of on-street charging posts will dramatically increase over the next 12 months and there may be one near where you live with a special parking spot for an EV. 


How much will I get for my Renault Grand Scenic?

Hi, I'm just wondering how much I should get for a 2010 Renault Grand Scenic Dynamique: 24,000km, excellent condition. Trade-in value that is.

Thanks

John Power (Waterford)

Oct 2011 Filed under: used car values

Expert answer

Hi John,

You didn't tell us what engine your car has so we're assuming it's the 1.5-litre dCi turbodiesel. You should get somewhere between €16,500 and €17,500 from a dealer on trade-in.

Please do come back to us to let us know how you get on.

Thank you


Swapping my Volvo for a Nissan Pathfinder - is it a good deal?

Hi lads,

I need a seven-seat SUV and can get a Nissan Pathfinder with 73,000 miles from a dealer with warranty etc. They are giving me the best trade in price and I have to pay €2,500 with my own 2007 Volvo S80 D5 (with 172,000km on the clock). Is it a good deal and what do you think of the Pathfinder?

Justin McElwee (Galway)

Oct 2011 Filed under: choosing used car

Expert answer

Hi Justin,

You've not mentioned the age of the Pathfinder. If it's newer than the Volvo, then it's not a bad deal, though doesn't strike me as amazing when you look at the prices being asked for similar Volvos and Pathfinders.

With regards to what we think of the Pathfinder... It's a fine rugged, capable off-roader, but you may suffer from culture shock moving from your Volvo. The S80 is far more comfortable on the road and, loud engine aside, more refined in general. Obviously the Pathfinder can do serious off-roading and has much more space. The Volvo is probably better on fuel too.

In your position, I'd shop around a little more to see what you can get for your money and, if you don't need the towing capacity or off-road ability, consider something more road-biased.

Do come back to us if you need anything else.


How do I work out the depreciation on my car?

How do you work out the depreciation on a car?

Frank Dodd (Dublin)

Oct 2011 Filed under: resale value

Expert answer

Hi there,

There's no black and white answer to that one I'm afraid. It takes a little research and some experience of the industry. Even so, it's never a factual figure, as different buyers or dealers will offer you different amounts for your car.

Have a good look through Carzone.ie and other car classifieds sites for cars that closely match yours in terms of specification, model year and mileage and make a note of average prices. Bear in mind that the prices advertised (especially those from the trade) are not what you'll receive for your car, so knock a few grand off for relatively new (up to five years old or so) models. Take that figure from your original purchase price to work out the depreciation.

It's an inexact science, but this method should give you a good gauge anyway.


How much is my Renault Grand Scenic worth?

How much is my 2007 1.6 petrol 7 seater Renault Grand Scenic "Dynamique Luxe" worth ?, mileage is 65,000 km or 40,625 miles, NCT until May 2013, full service history. Does the extra features in the "Luxe" model make any difference - the main differences are climate contol, hands free locking system, and double sunroof.

Donal Murphy (Cork)

Oct 2011 Filed under: used car values

Expert answer

Hi Donal,

The specification will help, but when you are trading it dealers tend not to pay too much attention to extras on the car, but in this case the climate control and double sunroof are a decent selling point. If you were to trade it in against a new car I would expect you to be offered around €9,000 for it and you could ask perhaps €10,500 if you were to advertise it privately, obviously to take less. 


Can I retrofit Bluetooth to a 2011 VW Passat?

Hi guys, do you know of any companies that can retrofit the Bluetooth phone set up on a 2011 VW Passat? This wasn't installed from factory but the car has the necessary controls on the steering wheel.

Thanks.

Brendan Cullen (Dublin)

Oct 2011 Filed under: Bluetooth

Expert answer

Hi Brendan,

I spoke to Volkswagen about this and its retailers will do this job in about an hour for a total price of €350. That includes VAT, parts and labour and they'll even wash and vacuum the car when it's in.

If you decide to go this route please do let us know how you find the service.


What's wrong with the brakes on my Lexus?

I replaced the brake discs and pads of my 2001 Lexus GS 300 about 16 weeks ago. They were changed because the whole front end of the car vibrated violently while braking - including the steering wheel. After changing the discs and pads everything was ok, but now it's back the very same again please.

Help!

Vincent Markham (Ennis Co. Clare)

Oct 2011 Filed under: brakes

Expert answer

Hi Vincent,

That really sounds like you were sold a set of discs that are not up to standard. Bring the car back to where you had the work done for them to look at it. It may be possible to skim them.

Hope that helps


Which 2011 car to keep for 4-5 years?

Hi guys,

I have it down to two cars; both are 2011 fleet return cars with about 10,000km on them. A VW Passat 1.6D Comfortline or a Toyota Avensis 2.0D Aura/Strata. I hope to keep this car for four to five years. Your advice would be much appreciated. 

Jim Cotter (Limerick)

Oct 2011 Filed under: choosing new car

Expert answer

Hi Jim, 

I am not going to make my answer easy. I would want to drive the Passat every day, but after four or five years I would want to be trading in an Avensis. It really depends on how important pain-free motoring and good residuals are to you.

We can't decide for you Jim, so you must go with your head (Avensis) or your heart (Passat)!

I hope this (sorta) helps. 


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