On 16/04/2017 20:25, Capitol wrote:
charles wrote:
In article ,
Andy Burns wrote:
I hear an MP is suggesting a scrappage scheme for diesel cars.

If there are 31 million cars on the road and 38% of them are diesel,
does he really think a £100m scheme providing an average of £8/car is
going to cut it?


especially if the car was worth quite a bit. Last year, I traded in a
3yo
Mazda estate (for a new one) and I got £15k in part exchange


That's not what it's worth, thats what a dealer is prepared to pay
to get rid of a car from his stock! Realistically, rule of thumb, a car
loses 30% of its price on sale, then a further 10% of it's price per 10K
miles per annum. At 100K miles, or 10 years, it is essentially
worthless. If you pay more than this, that's your loss.

I've not changed a car for a good few years, but did a maths modelling
of 2nd hand car prices a very good few years ago... as part of an Open
University project (using some reliable data and Glass's Guide). At
that time... a ten year old mini was worth more than a ten year old jag.
Trade in prices are also miss leading. I'd bought a new mini, cash, at a
good discount but saw a year old one at a nearby garage for more! A
friend inherited his fathers car, as when he took it in as a trade in,
the salesman walked round, thought, and then offered a trade in value,
but then walked round again, and offered more off the new car if he took
the old one away!

Jim