Car advice

[mattster]

I'm avoiding buying a 2nd hand car altogether now. Prices are unrealistically high. We had a PCH car with option to buy for £9000 after 3 years, but it worked out better to hand it back to the dealer after the 3 year term because they offered us £14000. Shocking and in my view no way that car is worth more than £8000.

We're looking to lease a car instead, preferably electric through our property company. Tide it over for 3 years and then see the lay of the land.

This. If you're not in a hurry to buy then this has to be the worst moment ever to consider buying a used car. They are up > 30% on the year - the model we were looking at went from £15k ish for a three year old low mileage example up to 18+. One year old cars are selling over new price. We ordered new instead, since we weren't in a hurry, and now just have to wait.
It will be interested to see how the used market shapes up when production issues ease off. I guess the silliness of 1-2 year old cars costing more than new will end more or less overnight, but I could imagine 2-5 year old prices staying strong for a while since the volumes produced over the last couple of years have been way down - there simply aren't enough of them.

[Lance]

Do we assume that because you've asked your accountant that this is a company car or is that just the standard caveat that you've asked your accountant about anything before you post it on here?

Either way, life it is too short to be worrying about 40k cars. If have always wanted a Range Rover then get one. The very worst that could happen is you have to lose a few K re-selling it, all the electrics go wrong, the timing belt fails, the air suspension fails, and on an icy day you find out that hill decent and 4-wheel drive are only as good as the tyres.. if you don't like it. It's better to regret something you've done than something you haven't done.

FTFY. I've owned them. The worst that can happen is eye wateringly expensive.

[OwlHoot]

FTFY. I've owned them. The worst that can happen is eye wateringly expensive.

Tell me about it. You missed fuel injectors and gear boxes off your highlighted list, which cost thousands to replace, and no doubt dozens of other eye wateringly expensive possible failure points.

[vetran]

A friend bought an old Porsche in his twenties it would have been cheaper to buy a superyacht.

[BigDataPro]

... It's better to regret something you've done than something you haven't done.

Good one! I love it!

[Lance]

Tell me about it. You missed fuel injectors and gear boxes off your highlighted list, which cost thousands to replace, and no doubt dozens of other eye wateringly expensive possible failure points.

oops. yes. 3 gearboxes in one 02 Range Rover Vogue.
I only paid for the 1st one as the other 2 were on warranty

[northernladuk]

A friend bought an old Porsche in his twenties it would have been cheaper to buy a superyacht.

They do say if you have to ask how much owning a Porsche costs then you shouldn't own one. After having a Cayman S I can totally agree with that. Eye watering.

[d000hg]

It's better to regret something you've done than something you haven't done.

Not sure about that one.

[OwlHoot]

They do say if you have to ask how much owning a Porsche costs then you shouldn't own one. After having a Cayman S I can totally agree with that. Eye watering.

They say owning a yacht is like standing in a cold shower tearing up £50 notes. So I imagine owning a Porsche is like doing the same while locked in a small box!

[agentzero]

Don't buy a Landrover.

They are unreliable and complete money pits.

A common mistake people in rural areas make is to buy a 4x4. It isn't the car or 4x4 capability that saves you, it's the shoes on your car. Most people choose to keep summer tyres on in winter on their 4x4, due to cost. The volume of rubber required for a RangeRover sport is one of the largest in the 4x4 market. If you insist on going down this route then get continental witnercontact tyres and use them all year round, as they are really an all season tyre rather than a winter tyre, incorrectly named.

Best advice: don't buy a Landrover. Get a better quality car and throw all season tyres on it. You can see table comparisons online, with German sites being the best. A good all season tyre will keep you out of trouble when a winter tyre could actually have worse performance. People just buy them because it's a common brand and is called winter tyre on the packaging.