Hi,
I am looking to buy a used Toyota Avensis Estate diesel and I am torn between buying one for around £4k 2008 with 100k on the clock or spending a bit more like £7.5k and getting something around 2011/12 with around 70k on the clock.
I am starting a new job and could afford to take out a bank loan and spend around £7.5k but I don't really like spending money if it's unnecessary and I'd rather not unless I have to.
My question is will it be better in the long run to invest in something better or will the cheaper option be a solid runner?
The older car is the old shape so there is a saving for that reason. Also I know the maintenance cost will be higher for the older car but then I will have spent £3.5k less on the actual car (almost half!) and the depreciation will be low. I would intend on keeping it until scrap or PX.
My thoughts are all used cars are going to need repair work and this isn't necessarily going to spike once the car reaches 100k. There seems to be a perception that because on older cars the clock didn't go past 99,999 miles without going back to zero and at this point cars used to be shot, that buying a 100k car these days will still be a wreck.
I would have thought a Toyota with FSH should easily reach 15 years old and 150k miles.
That being said I don't want to end up with something that I can't rely on and that will have expensive repair bills and wish i'd just spent the money on a newer car instead.
My gf's 1.4 tdci fiesta was 8 years old when we bought it for £3.5k with 70k on the clock and a FSH. It's not been too bad but it's had suspension problems, electrical fault new slave cylinder and clutch kit in the 18 months we've had it so hopefully just a phase however it now has a rough idle in the cold weather when the engine is cold. Hopefully a Toyota will be a more solid brand.
Any thoughts would be greatly appreciated.
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