Which
is the better choice
when looking for an MGV8?
Our article looks at the realities seen with recommissioning costs
and depreciation when buying a low mileage, high priced MGV8 that
you then use for say 4,000 miles a year and compares the costs and
value for money with buying a well maintained car with a moderate
mileage. More
See our MGV8 Price Guide. More
Check
a car with a VES search
on the GOV.UK website. More
Check
a car's MOT history on the GOV.UK website.
More
Posted: 201030
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Which
is the better choice when looking to get an MGV8 - a high priced,
low mileage example or a well maintained car with a moderate
mileage?
Many enthusiasts looking to buy a good MGV8 are attracted by
examples in immaculate and original condition with low mileages
and are less attracted by well maintained cars with moderate
to high mileages. But in many ways the justification for the
premium for low mileage cars can be doubtful because an MGV8
that has had such low use, sometimes with extended periods in
a lay-up, can develop problems that require considerable expense
when recommissioning the car, even for modest use. Also once
a high priced, low mileage car is used in even a moderate way,
for example 5,000 miles/pa when the recorded mileage begins
to grow, the annual depreciation becomes a significant cost
from an annual loss of value for the owner. This article looks
at the potential maintenance outlays and other costs with low
mileage MGV8s and reviews the benefits that can be had when
buying a well maintained car with a higher mileage at a lower
price. See
the full article |
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