Navigating the car market in New Zealand can be a challenging endeavor, especially when trying to maximize value from older vehicles. European cars tend to be more expensive, and this trend remains consistent. With the rise of electric vehicles (EVs) from China, the market is shifting. However, many still prefer traditional gasoline or diesel cars, valuing the driving experience and control they offer.
The Electric Car Conundrum
Electric cars are becoming more prevalent, particularly those from China, which are nearly all electric. Despite this trend, not everyone is convinced. Some drivers find EVs lack the character and engagement of traditional cars. Driving a car is often seen as a partnership, where the driver has full control. For these enthusiasts, electric cars, which can feel more like passengers due to their autonomous features, are less appealing.
High Mileage Vehicles: A Value Proposition
For those looking to get the most out of their investment, considering vehicles with over 250,000 kilometers can be a smart move. Cars with 200,000 kilometers are still attractive to dealers, who need to purchase at a price that allows for profit. However, once a car surpasses 250,000 kilometers, it becomes less desirable to dealers, potentially offering great deals to private buyers.
The Appeal of Older European Cars
European SUVs, even those around 10 years old, can provide excellent value. For instance, a 2013 BMW X6 with about 250,000 kilometers sold for just $6,700. This was a road-legal, perfectly functioning vehicle, showcasing the potential bargains available in this market. However, securing such deals requires quick action and sometimes a bit of luck, as auctions can move fast.
Financial Constraints and Market Conditions
Many New Zealanders face financial constraints, making it difficult to afford newer cars without financing options. The market has evolved, with cars offering greater value than in the past. Japanese imports in the 90s, following deregulation in the 80s, significantly lowered car prices, making them more accessible.
Evaluating High Mileage Cars
When considering a high-mileage vehicle, understanding how those kilometers were driven is crucial. Ideally, you want a car that has been primarily used for highway driving rather than city driving. Highway driving is less stressful on the drivetrain and brakes, as it involves fewer stops and starts. Here are some tips to evaluate whether a car has been predominantly used on highways:
- Stone Chips: Check for stone chips on the front bumper and bonnet. Evidence of stone chips suggests extensive highway use.
- Seat Belt Wear: Less wear on the driver’s seat belt indicates fewer stops and starts, typical of highway driving.
- Brake Pedal Condition: The rubber on the brake pedal should show minimal wear.
- Driver’s Seat Condition: The driver’s seat might be saggy after extensive use, reflecting high mileage.
Practical Tips for Buying
To ensure you’re getting a car that has been well-maintained and primarily used on highways, consider the following:
- Age and Mileage: Look for cars less than 10 years old with high mileage, indicating consistent daily use.
- Cooling Efficiency: Highway driving allows for better cooling of the engine, intercooler, radiator, and AC condenser, reducing wear and tear.
- Engine Performance: A large SUV cruising at highway speeds operates efficiently at low RPMs, minimizing engine strain.
Conclusion
In the evolving car market of New Zealand, savvy buyers can find excellent value in high-mileage vehicles, particularly older European models. By understanding the history and usage of a car, you can make informed decisions and squeeze the last bit of life out of your investment. Whether you prefer the traditional driving experience or are open to the rise of electric vehicles, there’s a wealth of opportunities for those willing to look.