On Sunday, 16 April 2017 20:25:32 UTC+1, 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.

My forty year old 104K miles car is worth £19,000. (Approx)