|
700/900 Series General Forum for the Volvo 740, 760, 780, 940, 960 & S/V90 cars |
Information |
|
Buying advice pleaseViews : 1384 Replies : 31Users Viewing This Thread : |
|
Thread Tools | Display Modes |
Feb 13th, 2019, 09:50 | #21 | |
VOC Member since 1986
Last Online: Today 11:51
Join Date: Jan 2007
Location: Leicestershire
|
Quote:
Let us assume that someone buys a brand new car for £30,000 and keeps it for three years, during which time they do 30,000 miles. It is reasonable to assume that the car will lose two thirds of it's value in the first three years, making it worth just £10,000. In this admittedly simplistic example, the depreciation amounts to £6,667 per year or 67 pence per mile. Now let us assume that someone else buys the car for £10,000, keeps it for four years and does 40,000 miles in it. It is not unreasonable to assume that the car will lose 80% of it's remaining value in those four years, making it worth only £2,000 at the end of the period. Thus the second owner's depreciation is £2,000 per year, or 20 pence for every mile driven. By your own admission, we are now considering cars that are 20 or more years old. Allow me to illustrate my point with an actual example. My last 740 cost me £1,750 at 10 years old. I ran it for 18 years, during which time I did 74,762 miles, and only sold it as an MOT failure for £60. My own actual depreciation was therefore £94 per year or just over two pence per mile. The car COST less than one year's depreciation on a 'recent' in the example above. The car was highly reliable, and I could (and did) drive it anywhere. During my ownership, it went 'home' to Sweden many times - the Swedes did not consider my car at all unusual. I suggest that experiences such as mine are by no means untypical, and if they do not match yours that you may have been unfortunate in your choice of used car. I do, however, agree with you regarding 'smiles per mile' I rest my case! Regards, John.
__________________
Time flies like an arrow, fruit flies like a banana ..... Last edited by john.wigley; Feb 13th, 2019 at 09:53. |
|
The Following 2 Users Say Thank You to john.wigley For This Useful Post: |
Feb 13th, 2019, 09:55 | #22 |
Premier Member
Last Online: Today 12:42
Join Date: May 2012
Location: Lakenheath
|
I think what's being missed here is the fact the car is relatively cheap and the OP doesn't want to land himself with a monstrous bill for getting it running right and/or a fresh MoT.
That could potentially make it a very expensive idea! There are lots of Volvos around without any faults for not much more money so the OP is wise getting second opinions on whether it could be a viable option.
__________________
Cheers Dave Next Door to Top-Gun with a Honda CR-V & S Type Jag Volvo gone but not forgotten........ |
The Following 2 Users Say Thank You to Laird Scooby For This Useful Post: |
Feb 13th, 2019, 10:45 | #23 |
Premier Member
Last Online: Apr 9th, 2024 21:44
Join Date: Jul 2009
Location: Holywood
|
I second the old car unreliable myth, 940s are very reliable, people talk about FPRs and fuel pumps, but these faults are still rare. My 940 still has less failures than any car I compare it to, and I give it a hard time.
MPG really isn't that bad. I get about the same mpg as a friend who follows the same route in work in a 10yo shiny Golf GTI, same weight, smaller engine driven gently to work. Sure diesel will be better, but the maintenance/repairs/unrelability on modern diesels with high pressure electrical injectors and pumps easily outweights the fuel saving from what I can see. Having said that I do look after it myself, and normal mechanics are not used to such 'maintenance'. Parts are cheap, but mechanics are very expensive. |
The Following User Says Thank You to TonyS9 For This Useful Post: |
Feb 13th, 2019, 21:54 | #24 |
Premier Member
Last Online: Oct 26th, 2023 20:42
Join Date: Jun 2010
Location: Thurrock
|
I think that, as if often the case in this type of thread, most people or everyone are of very similar opinions, expressed from slightly differing angles.
|
Feb 14th, 2019, 23:10 | #25 |
Senior Member
Last Online: Dec 10th, 2020 23:04
Join Date: Feb 2019
Location: Blackpool
|
As its going to be a long term car for me i decided to take the plinge and buy it, it could be risky but im expecting to do have work done on it. After having had a 240 se for 14 years i can do a few things and save a bob or two!! It will be with me saturday evening. I could have spent more money got better one or waited for a car nearer to me but this one appealed to me and im going to have fun tinkering again!!..
Thanks for all your input guys and especially to 360beast who has supplied the replacement for split pipe. I dont know how to put photos up, its a white 940 wentworth auto. No doubt youll get fed up with in the near future with asking questions :-) |
The Following 4 Users Say Thank You to Nine40 For This Useful Post: |
Feb 15th, 2019, 08:10 | #26 |
Premier Member
Last Online: Today 12:42
Join Date: May 2012
Location: Lakenheath
|
I'm glad you made a decision on it and to be honest, i had a feeling this car had "grabbed" you.
Good luck with it, hopefully it's just that hose and the usual service items and it'll be running fine - don't forget to clean that PCV system as well!
__________________
Cheers Dave Next Door to Top-Gun with a Honda CR-V & S Type Jag Volvo gone but not forgotten........ |
The Following User Says Thank You to Laird Scooby For This Useful Post: |
Feb 15th, 2019, 08:15 | #27 | |
Junior Member
Last Online: Jan 12th, 2023 17:47
Join Date: Jan 2019
Location: Dartford
|
Quote:
|
|
The Following 2 Users Say Thank You to slowprop For This Useful Post: |
Feb 15th, 2019, 08:49 | #28 |
Premier Member
Last Online: Apr 21st, 2024 14:28
Join Date: Jul 2012
Location: Lenzie
|
Welcome to the 940 tinkering society
I really don't have much of a clue but I'm learning ( I think ) as I go along You will find this forum invaluable ps check your HT leads Better still just change them for some Bourgicord ones
__________________
V70 D5 SE Geartronic 215bhp Saville Grey 2012MY 940 LPT Manual 1996 740 SE 1990 |
The Following 2 Users Say Thank You to griston64 For This Useful Post: |
Feb 15th, 2019, 10:18 | #29 |
Go redblock or go home
Last Online: Today 12:38
Join Date: Feb 2012
Location: UK
|
Where did you get your leads from Mark?
|
Feb 15th, 2019, 13:09 | #30 |
Premier Member
Last Online: Apr 21st, 2024 14:28
Join Date: Jul 2012
Location: Lenzie
|
I got them from Parts For Volvo's online Luke. Make sure you call first as they list both Bourgicord and Bosch and my Bosch ones had pretty much disintegrated
Made a huge difference
__________________
V70 D5 SE Geartronic 215bhp Saville Grey 2012MY 940 LPT Manual 1996 740 SE 1990 |
The Following 3 Users Say Thank You to griston64 For This Useful Post: |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|