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Buying a second hand luxury car

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Comments

  • owen_money
    owen_money Posts: 764 Forumite
    If you cant afford a new luxury car then maybe stick to a Ford or Vauxhall. It really is best to know your place in life
    One man's folly is another man's wife. Helen Roland (1876 - 1950)
  • owen_money
    owen_money Posts: 764 Forumite
    @ mobilesaver
    Amazon Prime Customer? Don't forget to cancel your automatic renewal unless you are happy with the price hike to £79 a year!


    I'm happy, its about an hour or so wages and you get tv, music and next day delivery, a bargain
    One man's folly is another man's wife. Helen Roland (1876 - 1950)
  • stefano
    stefano Posts: 949 Forumite
    I would never buy a new car, luxury or otherwise. I wold let someone else take that initial depreciation hit of nearly 20%.
  • rca779
    rca779 Posts: 462 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Go for a Jaguar XF instead of the remarkably boring looking Phaeton.

    Two years ago I bought a 3.0D Portfolio S - best car I have ever owned - fast, reasonably economical (if driven sensibly), fabulous interior and exterior. You can get a great deal from about £9k upwards.
  • AndyMc.....
    AndyMc..... Posts: 3,248 Forumite
    1,000 Posts Combo Breaker
    rca779 wrote: »
    Go for a Jaguar XF instead of the remarkably boring looking Phaeton.

    Two years ago I bought a 3.0D Portfolio S - best car I have ever owned - fast, reasonably economical (if driven sensibly), fabulous interior and exterior. You can get a great deal from about £9k upwards.

    Shame it's three times what he's looking to pay.
  • behenjamin
    behenjamin Posts: 14 Forumite
    I'm in work so can't see the advert. 100k miles is nothing for modern well maintained cars.

    Just remember parts and servicing for cars like this will be alot more than for a typical hatchback.
    I've got a 14 year old BMW M3 and discs and pads all round are close to £1k for the parts, just bought bits for a basic service are £140.


    Sit in a Lexus or any Japanese car, then sit in a German equivalent and you'll notice immediately the improvement in interior.
    Aiming to be debt free by Xmas 2020

    Starting debt Jan 2019 £12446
    Currently £10,306
  • stefano
    stefano Posts: 949 Forumite
    I still can't understand why the Phaeton is so undervalued. Bentley chassis and gearbox. VW engine. Audi A8 parts. and the interior is on par with a 7 series.
  • Mercdriver
    Mercdriver Posts: 3,898 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    stefano wrote: »
    I still can't understand why the Phaeton is so undervalued. Bentley chassis and gearbox. VW engine. Audi A8 parts. and the interior is on par with a 7 series.

    Can't you? Two things - Badge snobbery and it was released at a time when the banks were collapsing. So it was expensive, didn't have the right badge and was therefore not seen as being either aspirational or as a symbol of success.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    Mercdriver wrote: »
    Can't you? Two things - Badge snobbery and it was released at a time when the banks were collapsing. So it was expensive, didn't have the right badge and was therefore not seen as being either aspirational or as a symbol of success.

    Agree with most of that but your timing on the banks is wrong, it was originally released in early 2000s wasn't it?
  • stefano
    stefano Posts: 949 Forumite
    Buy isn't the Phaeton good value for money now, on the second hand market?
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