MK5 Golf GTI

All Things Mk5 => Mk5 General Area => Topic started by: outlandish on January 19, 2013, 07:20:08 pm

Title: Paying an extra grand for lower mileage?
Post by: outlandish on January 19, 2013, 07:20:08 pm
I am still in the market for a MK5 and have a good budget for the car. My dilemma is whether to pay upto 1,000 extra for one that is an 08 plate with lower mileage. For example here is 2 that I am looking at now:

#1
2007, 99,000 miles, 6.8k, FVWSH

#2
2008, 59,000 miles, 8k, FVWSH

Is it really worth that much more? I am guessing it will make it easier to sell if it has the lower mileage and may last me longer. Ideally I would find an 08 plate with decent mileage for around 7k.

Opinions?
Title: Re: Paying an extra grand for lower mileage?
Post by: Nodz on January 19, 2013, 07:30:44 pm
What is the spec of both vehicles? Xenons, winter pack etc.

Only trouble with te 99k car is that selling on as once its over 100k people don't like buying cars with that sort of mileage
Title: Re: Paying an extra grand for lower mileage?
Post by: paulk on January 19, 2013, 07:31:22 pm
depends how there looked after , the high miles might be the better car  :happy2:
Title: Re: Paying an extra grand for lower mileage?
Post by: RedRobin on January 19, 2013, 07:38:24 pm

depends how there looked after , the high miles might be the better car  :happy2:


.... x 2

I was gonna post exactly the same.
Title: Re: Paying an extra grand for lower mileage?
Post by: RedRobin on January 19, 2013, 07:40:27 pm

Only trouble with te 99k car is that selling on as once its over 100k people don't like buying cars with that sort of mileage


....Then that's me fook'd!

Mind you, I have no plans to sell.

(https://www.mk5golfgti.co.uk/forum/proxy.php?request=http%3A%2F%2Fdaz.co%2Fmedia%2FDetailing%2FStickers%2FSellVolkswagen.jpg&hash=89f483507e384c1cca94402dfba40e5e53cf577e)
Title: Re: Paying an extra grand for lower mileage?
Post by: Nodz on January 19, 2013, 07:52:45 pm
Its just the usual 100k stigma. If the car is well looked after then they can go on for ages. Someone I know has got an XC90 on 375k, I doubt he'll get anything for it if he ever sells it but it just shows what cars are capable of if they are looked after
Title: Re: Paying an extra grand for lower mileage?
Post by: Duke on January 19, 2013, 08:05:32 pm
depends how there looked after , the high miles might be the better car  :happy2:

This!
Title: Re: Paying an extra grand for lower mileage?
Post by: andrewparker on January 19, 2013, 08:10:43 pm
Assuming the cars are similarly specced and looked after I'd definitely say the lower mileage one is worth the extra.
Title: Re: Paying an extra grand for lower mileage?
Post by: outlandish on January 19, 2013, 08:17:01 pm
They are similar spec apart from the age and mileage. I have been to see the 2007 one twice as it is local and looks in excellent condition with only 1 owner. It's just the 99,000 miles putting me off as I may not be able to shift it in a couple of years, although it is worth noting that I only do around 5,000 miles per year as I work from home.

It just seems 6.8k for a 2007 with 1 owner in great condition is a good offer - I dont mind losing abit on the price when I come to sell as you would with any car but I dont want it to be unsaleable in a few years, mind you it has been up for sale for a month and seems mileage is putting people off (or maybe insurance for the younger drivers haha)!
Title: Re: Paying an extra grand for lower mileage?
Post by: Duke on January 19, 2013, 09:30:40 pm
If the condition of the car is good and it has been serviced regularly, I would go for it. Lower mileage cars tend to have done shorter trips, so often have more wear inside.
Title: Re: Paying an extra grand for lower mileage?
Post by: Dan.b on January 19, 2013, 11:17:56 pm
£1000 more and it's a year newer with much less mileage is really good! It is definitely worth the extra but depends if you need less mileage etc
Title: Re: Paying an extra grand for lower mileage?
Post by: RedRobin on January 20, 2013, 01:05:31 am
.
Judging from your posts it's swings versus roundabouts. Drive them both.

Then follow your gut feeling and choose accordingly.
Title: Re: Paying an extra grand for lower mileage?
Post by: MrDo on January 20, 2013, 04:03:55 am
"Worth" is a market thing. Supply and demand. Usually you get what you pay for and I think it's true, when comparing the same brand and model of car, but many folk have have an aversion to big mileage cars so that adjusts demand down on them because of fear. Not sure of the reality, but the best statistical market evidence I can find is most extended service plans will not cover cars over 100,000 or 10 years.  How up for taking a possible risk are you? Can you afford possible bigger service bills? You could have very few issues, but the older and the higher the mileage the more likely the bigger bills.... It not certain but more likely. You get what you pay for mostly, and many can't afford to take that risk or are risk averse (paying to avoid possible risks).

I bought a 35,000 FSH car last summer after looking for months (you need to see at least 3 to get perspective), but that's partly because I know I will put the miles on. Driven nearly 7,000 since Aug and loving it :)

If you plan to keep the car longer... say 5 years it's, less likely to be an issue. If you come to sell in 2 it will still be a average mileage vs high 100,000 mile plus car, the later will be  harder to sell.

Personally if they are equal in condition I'd take the one with nearly half the mileage. But the car is for you, not me.  Sounds like either would do.

Ask yourself...

Which car would make you happier? Maybe one has a feature you really want like leather?

As RedRobin says drive them both.... Your gut feeling will tell you something.

If that fails.... Ask yourself which one is the better colour, ie which one is the most reflex silver?  :P
Title: Re: Paying an extra grand for lower mileage?
Post by: vik2001 on January 20, 2013, 09:41:32 am
i paid 13K for my Ed30 5 door DSG on 57 plate.  was high price but because it only had 30k on the clock.
you have to look at the optional extras it comes with, for me mileage was a issue. as i wanted low miles as i intend to keep the car for several years.
Title: Re: Paying an extra grand for lower mileage?
Post by: garrardrj on January 20, 2013, 09:41:51 am
Get the 08 one with less miles . £1000 is nothing and 8k for an 08 is quite low too to say the least . If i could find it and it was near to me i would get the 08 one for my boy . If you only do 5k a year you could keep the 08 one for 6 years and still be under 100k miles . I would also suggest you would still get about £4/5 k for it at 12/13 years old too
Title: Re: Paying an extra grand for lower mileage?
Post by: zooms3 on January 20, 2013, 01:42:09 pm
I agree, seems good money for the lower mileage one but it could have been ragged from day 1, whereas the higher mileage one could have been driven to the shops by a 60 year old and 29mph.

How many previous owners?
Title: Re: Paying an extra grand for lower mileage?
Post by: daz05 on January 20, 2013, 02:44:03 pm
I would pay the extra, feel feel less tired in the long run.
Title: Re: Paying an extra grand for lower mileage?
Post by: Dan.b on January 20, 2013, 03:36:45 pm
I agree, seems good money for the lower mileage one but it could have been ragged from day 1, whereas the higher mileage one could have been driven to the shops by a 60 year old and 29mph.

How many previous owners?

Or it could be the other way around.

People that think like this....... :grin:
Title: Re: Paying an extra grand for lower mileage?
Post by: garrardrj on January 20, 2013, 05:28:39 pm
Very very rarely are higher mileage cars better than low mileage cars of the same era  :innocent:
Title: Re: Paying an extra grand for lower mileage?
Post by: RedRobin on January 20, 2013, 06:29:05 pm

Very very rarely are higher mileage cars better than low mileage cars of the same era  :innocent:


....Just because yours is a low miler  :P :booty:

I understand your generalisation but still think it depends on the individual car's history and owner.
Title: Re: Paying an extra grand for lower mileage?
Post by: andygo on January 20, 2013, 08:42:48 pm
Go for the low mileage one all day. No matter how well its been looked after, that engine has pushed the car along for a lot of miles. Plus the gearbox, whelbearings, driveshafts, bushes, etc etc have all taken the hits. It would need to be a £3k difference almost. Why take the risk?
Title: Re: Paying an extra grand for lower mileage?
Post by: berg on January 20, 2013, 11:10:55 pm
my mk 3 had 105k when i bought it and had it till 173k

where low mileage is concerned add £5 to list price for every 100 miles, so if a 40k car is worth £8k a 30k car should be £8.5k as a rough rule of thumb (so a motor engineer told me anyhow)