The best time to sell your car in South Africa

Mike Hoxbig

Honorary Master
Joined
Apr 25, 2010
Messages
34,724
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
8,545
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
31,113
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.
 

supersunbird

Honorary Master
Joined
Oct 1, 2005
Messages
48,008
They include GOs and Tatas and Geelys and whatnot so that's why the average is 60%... :D
 
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