The best time to sell your car in South Africa

Mike Hoxbig

Honorary Master
Joined
Apr 25, 2010
Messages
34,113
#2
Nice try Wesbank. Car is paid off, not looking to move into anything, affordable or otherwise. Happy to be debt-free on this front... :p
 
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skimread

Executive Member
Joined
Oct 18, 2010
Messages
8,044
#4
If you do 10,000 miles (16,000 kms) a year, the average car will have lost around 60% of its value by the end of its third year, the AA said.
I've never seen a car with 48k kms 3 years later being sold 2nd hand 60% off the buying price. e.g. if a new Polo cost 160K 3 years ago you won't find it advertised for 64K now (60% less) in junkmail or gumtree.
 

Hamster

Resident Rodent
Joined
Aug 22, 2006
Messages
30,028
#5
My car is 4.5 years old with 70k on the clock and it has lost a total of 40% if you don't consider inflation over that time which should make it less.

Average sedan, bought new.

60% in three years, cannot believe it.
 
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