206SW book value and expected costs

Hi everyone,

My wife went to the dealer yesterday for a small problem (indicator
switch broken) and came home with bad news..
seems the dealer tried to sell her another care but she's convinced
that's her best option.

Anyway, according to the dealer our car is only worth 4000 euro now
(his takeover value) and next year it'll drop to 1500 euros. So we
should sell it now before taking a bigger loss..
Peugeots are made to be used 3-4 years, maximum 100.000km and that's
it.

Oue car is a 3 year old 206SW 1.6XS with some options like electronic
airco and rain sensor. We paid new 16000 euro for it. Now it has
88000kms.

My wife went to dealers of other brands to look at new cars and their
trade in value was around 6000.. difference is because the first dealer
said the car needs to be repainted (it's a black one and it has some
small scratches all over it) and inside the roof cloths needs to be
changed (also some small dirt stripes on it) - he knows the full
service history (main computer was replaced 3 times in warranty, ..)
and other dealers don't..

That my car is worth about 6000 euro I can accept.
However that it drops next year to only 1500 euro I find difficult to
believe ??
Any opinions about this ??
I would expect it to drop by 500/1000 euro a year and only be worth
1500 when it's like 10 years old ??

And what major costs can I expect now it has 90000kms on it ?
100000/120000 service ? If I want to keep it 3 or 4 more years and get
150000kms out of this car, what expensive parts will I have to replace
until I reach that ?
Will it indeed be a better option to buy a new car ?

Aeneas.

 

Why would you buy a car from someone who talks such bullshit?

Buying a new car is rarely a better option, that is if you value your cash.

 

It sounds like he is a typical salesman, taking advantage of the
customer to make more money. He obviously saw your wife as an easy target.

So he admits that the cars are built to fall apart before they are four
years old, and your best option is to buy another from him? He is either
lying (in which case you don't want to give him more of your money), or
he isn't (and the last thing you want to do is buy another that will,
according to him, be worthless in four years). As to what you should do
- if you are happy with the car and it is reasonably reliable, keep it.
If not, replace it with a car from a dealer/manufacturer whose sales
pitch doesn't involve telling you that the car will be junk in 4 years.

Funnily enough, my Peugeot dealer said something similar. After 3 years
of failing miserably to put right the faults on our 807, he produced a
chart showing that the number of problems you experience with a Peugeot
rises exponentially after they are three years old. Having already had
over 40 problems on the 807 we walked away from Peugeot entirely (to
Chrysler for a people carrier and Jaguar for a saloon).

I'm still subscribed to this group as I am still interested in getting
an old 205 GTi as a "play" car to tinker with whilst having two quality
modern cars for everyday use - the 205 was an astounding car in it's
time, and would make a good project car to work on with my son. I loved
my old one (and the various 106, 306, and 405s I had over the years, but
the 205 was the most fun to drive).

Matt
http://www.807faults.co.uk