What you need to know about Residual Value
Residual value is one of the most important factors to consider when buying a car and one of the most overlooked writes Geraldine Herbert While all cars depreciate, some lose much less value than others. Motorcheck.ie recently analysed a cross-section of used 3-, 5- and 10-year-old car prices in various segments from 2010 to 2015 and found that in all cases the price for these cars in 2015 had risen sharply from the prices charged in...
The Challenges of Keeping an old car on the Road
How hard is it to tax, insure and maintain an old car asks Geraldine Herbert Late last year two insurance companies Aviva and Allianz Insurance announced that will no longer be insuring older cars. By older they mean anything 15 years or over and while they assured existing customers who own cars that exceed these limits they would continue to insurance them, they would not however be accepting new customers. In May 2000 I bought my...
Affairs of the Heart
Some cars make no rational sense whatsoever but poor fuel economy, high servicing costs and eye-watering depreciation do nothing to dampen the enthusiasm of their owners says Geraldine Herbert Critical decisions are made in seconds, we may dither about our lunchtime sandwich, agonise over a pair of shoes and worry about the particular shade of green in our shirt but when it comes to cars, instinct takes over. Fast, shiny and...
