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How long are you people planning to hang on to your cars for - and why?

I've had mine six and a half years now doing 10-12k per year. (sometimes a lot less, sometimes a bit more)
It is a July 06 iCDTi Tourer, now with 64000 miles which has had very few issues and It was my company car that I then bought soon after it was 3 yrs old as I liked it so much.

Until now its been the usual wear and tear stuff like pads/disks/tyres that you would expect until I got the dreaded VSA warning at Christmas, which I will get sorted as soon as I can.

I can see no reason (short of a lottery win) why I would buy a new car; it was nice when I was getting company cars, but that was not my money.

Perhaps its me getting older, but I see no reason to change the car. It is nice to drive, I turn in an average 46mpg, and it has been totally reliable.
So perhaps the £1500 repair bill is a good marker.

Cheers
Gordon
 
Hmm... interesting thought. What are the pros and cons?

All in all sounds complicated.
Anyone here got any first hand experiences?

J

Ship im going to clarify some questions you asked at the risk of going slightly off topic.

I have first hand experience of LPG in a 2.4 accord. its not complicated at all. you fill it up like you fill up with petrol. the lpg kit does the rest.

hardly noticable difference in performance or economy,
starts on petrol and automatically switch to lpg when the engine gets a little bit warm. (a minute or two normally)
valve saver is fitted costs £50 for a year supply of the valve saver fluid.
cant leak has shut off valves that detect leaks, its probably a bit safer than smoking near a leaking petrol tank?
what will happen when they tax lpg ? well ill just buy bottles of propane and fill my car up at home. (LPG is Propane) :) tax??? what tax?
costs £1000 max to get fitted!
i get 30mpg average (i drive at high speeds when roads are clear) and LPG costs me 70p a litre. YOU do the maths?!

Positives -

im not driving a diesel - I hate the "skeleton in a dustbin" noise they make, black smoke, vibrating, laggy power. I used to own diesels, but not anymore thanks!
no congestion charge (but i dont live in london)

draw backs -

My tank is only 45 litres cos its in my wheel well - it lasts me around 240 miles between fill ups
I still have to fork out a fair bit for road tax, but i get £20 off
theres plenty of stations where i live but i need an app n my phone when im in unfamiliar area to tell me where the nearest lpg station is.
 
Hi 7th Gen Owners,

I am curious - how long are you people planning to hang on to your cars for - and why?

Background:
I am primarily interested in CHEAP motoring.
According to my calculations, supposing I had bought a 2.2 i-DTEC EX 5d, and suppose I do 20,000 miles per year, then according to Parkers the value of my car would be as follows:

£31,855 - 2013 (New!)
£16,988 - 2012 - 20,000 miles
£13,240 - 2011 - 40,000
£11,075 - 2010 - 60,000
£9,220 - 2009 - 80,000
£7,860 - 2008 - 100,000

[Note I am using parkers.co.uk data and the start of each year, and ***uming the sale value by an independent dealer]

And my losses per year of ownership would be:

£14,867 - 2012
£3,748 - 2011
£2,165 - 2010
£1,855 - 2009
£1,360 - 2008

Going back further then gets complicated, because there was then the 7th Generation... Sso suppose I choose the model: 2.2 i-CTDi EX 5d (Sat Nav + HFT) going back in time as above it then goes:

£6,110 - 2008
£4,685 - 2007
£3,840 -
£2,505 -
£2,075 - 2004 (180,000 miles)

And the losses per year are:

£1,750 - 2008
£1,425 - 2007
£845 - 2006
£1,335 - 2005
£430 - 2004


SO.. on the face of the cheapest motoring is to be had towards the end of the life of the car (i.e. 200,000 miles??)
However this ignores the all-important *maintenance* costs (new clutch, new break disks, DPF etc)

[And if you buy a car second hand, even if you get a full service record from a Honda dealer, there is always the risk some idiot owner before you drove like a maniac and trashed the engine or did something stupid like put the wrong kind of oil in. But let's ignore that because the first year of ownership appears to cost you nearly £15,000 in depreciation - and financially speaking that would have to be some pretty severe bad treatment to do that sort of damage to a car! So let's just ***ume that financially speaking it's worth while NOT buying a car from new...]

So can anyone help me out? What is the cheapest form of ownership?

Because at some point maintenance costs will out-weigh depreciation costs. The question is, given how reliable Honda Accords are supposed to be, when does this occur?

(Yes, I know that a Honda Accord is a very NICE car to drive particularly on long distance cruising/motorways etc however a friend of mine who is extremely tight on cash always buys a Honda Accord because according to him due to the reliability at the end of its life, you can get seriously cheap motoring. Any yes there is also the huge hassle of changing a car which when buying second hand certainly can take TIME. And I value my time time I call it £25/hour...)

- Any thoughts?

J


P.S. NOTE: I am posting this question in both the 7th Generation and the 8th Generation forums because I would like to see the reasons given by the different categories of owner.


As a very pleased 7th gen owner, I couldn't think of any reason why I would want to change my 2.4 Type S Tourer. It's a riot to drive when the mood takes me. It will be 10yrs old this year and isn't far off the big 100k. Hardly anything has really gone wrong with it and I find it a real please to drive. If I had to replace it, I would struggle to find anything to beat it it as it ticks an awful lot of boxes :)
 
Just had a service today at Honda. Car got all new fluids, oil filter, front tyres and a thorough check. Bar a couple of ongoing things I know about and have in my plan of repairs for 2013, it's got a clean bill of health. Had a brand new Civic for the day. Had 300 miles on the clock. It was a lovely car. Much better than the older version they gave me for the day a couple years ago when I had some work done. Seriously impressive drive in terms of comfort and handling.

Then I got in my 10 year old Accord with 70K on the clock having just been serviced and seriously, there's no comparison. The Accord is just in a different league. I will have it for as long as I possibly can, joking aside about it lasting for ever, I really can't see why I'd ever need to get rid of this thing aside from the the unthinkable write-off.
 
I had a new Civic courtesy car a few months back and thought the same thing, really horrible and noisy and crashy and hard.
 
The last Civic I had back in 2010 was horrible. The body roll was hilarious, the interior felt tacky and I hated the position of the gear knob. It was just soulless and a poor drive. I preferred the Jazz I had the following time I went in, which says a lot really.

But this 62 plate Civic was great. Honestly, with a more powerful engine, cruise control, satnav and some slightly posher interior trim (i.e. a higher spec model) it would be an awesome car. Should I ever replace the Accord for something smaller, I could see myself in a sporty version, perhaps a Type S or Type R.

But like I said before, the Accord just felt so sublime in comparison to this very impressive Civic. I love days like this. You're reminded just what a great car you have and fall in love with it all over again.
 
My 2.2 diesel saloon ( now the wife's) on 2004/54 plate has now done over 230k , just done a service on it and touch wood, will keep until she dies (car not wife!!)
 
I took time to research before I bought my tourer, the only drawback was the lack of load space, the previous one was a Vauxhall Omega with the BMW 6 pot diesel. and it was good. The inevitable rust fairies saw an end of it. My son-in-law still drives it 300,000 miles on the clock. However from the day I collected my 54 ex lease Honda at 90,000 and 3 years old I have never looked back, excellent performance far better than the Vauxhall, and reliable easy on the gas, nothing major as yet. Will keep it till it dies. Shame the 7th gen has been superceded. 179,000 miles and still puts a smile on my face.
 
I'd replace it tomorrow if a suitable (i.e. cheap) replacement made itself available to me... hoping for a 4x4 car next time, maybe a Subaru Legacy or Forrester?
 
I would not replace mine until it starts braking often and becomes unreliable. It delivers lots of power (and soon will deliver more with new clutch,flywheel and Stage 2 mod), I installed a kick-*** computer system such that even the brand new cars don't have and I really keep it in perfect and reliable condition. I'd change it for a Honda Legend 2006-2008 because of the 4x4 and non-turbo gasoline engine, as all the issues I got with my Honda are related to the turbo.
 
i have put any thoughts of owning a Honda legend on permanent hold lol, considering i get about maximum 260 miles city driving on this 2.4 (which i can live with), i would imagine it would be 200 miles or probably 180 miles on a full tank with the legend lol.

so in Britains got talent style, its a no from me.

sadly.


and yes i have said forget running costs and enjoy the drive but i have to draw the line somewhere. lol.
 
Yeah, well, converting the car to LPG in Bulgaria is mandatory, I don't know how it is in UK. In the end you get 40% less fuel expenses but you need widespread LPG availability. Around here, we have LPG at literally every filling station, and even some LPG-only stations due to it's popularity. From my calculations running a Legend on LPG will be slightly more expensive then running my Diesel. Though the Legend has bigger and more expensive tires (and due to the 4x4 might be "eating" the tires faster), higher emission taxes, more expensive insurances and such other expenses that should be taken into consideration.
 
i see, well i have read some reviews on the 2007 models and its a bit less than inspiring than i would expect from a 40,000gbp car to be honest.

its still a awesome car no doubt but maybe i was expecting a bit more.
 
Had mine for nearly 4 years... do roughly about 6-8k a year since started new job (free travel) so wish I had got petrol...although it does save me alot m9ney on fuel on l9ng trips up north etc 45quid a month is enough juice for me :) cheap road tax too :) only looking to keep as looking to buy a house soon so no new car :( but when new house is brought... honda civic FD2 IT IS.... :D
 
I'm happy with mine - about 6 years old, 70k on the clock, I've found a good indy for servicing who's happy to use my genuine Honda parts. For the price, it's cheap to run, not too bad on insurance, tax and *touch wood* reliable.

For anything more I'd have to spend a lot more money, or risk changing for a car where I don't know the history as well. With used prices the way they are, I'm saving for a new car next :)
 
I don't see any reason to sell mine. It's a great all-rounder. Plenty of power and reasonable frugal on fuel when I wanted it to be. Once I've got the engine vibration looked at, it should be even better.
 
Well my tourer is worth about £2k I think, 10 years old 109 thousand miles. I've just spent £200 on two new front tyres, and £200 on a service and MOT, it'll need £200 on a new exahust section soon. I've got a replacement AC condensor to fit, plus a re-gas equals another £200. I had a new clutch fitted earlier in the year, about £400. So £1200 expenditure in the last six months, or 60% of the cars value. Worth it? Well without the expenditure I wouldn't get near £2k for it and as someone else mentioned it's the cost to change that's the key. If I hadn't done any of the repairs it would be scrap/parts value plus the £1200 I'd have saved, so lets say £1500. I don't think I could get anything equivalent for that price and it would be pot luck if it didn't need work doing to it as well. As it stands I think I'll spend another £200 getting the alloys refurbished, £200 on sorting the glitchy DVD and £400-600 tidying up the body work. Then it'll be good for anothe 100 thousand miles....

Incidentally, the only car I've ever had that never broke down once, or had any issues, and I sold for twice what I paid for it three years later was a 2CV. I'm pretty sure that even taking into account running costs I made a profit on it!
 
Mine is staying until it is dead now.

Having bought the car quite cheap, i suspected a few things to go wrong. initial dealings were done knowing the tourer bootlid was not working - well I got this fixed on the first day back at home without any issues. Was over joyed as this could have been an expensive fix.

Our roads are pretty terrible and our daily commuting speeds relatively high, so other problems rear their heads very quickly. First of which was the god awful motor-factor spec brakes, so they were binned in favour of fresh Mintex goodies all round and 1144 pads up front. Nice way to spend the guts of £400.

Then a rear wheel bearing started to hum. Again, down to Honda and 4 wheel bearings purchased. £600 and a few hours later we were motoring once again.

Exhaust started to leak. Hunted high and low for a tourer exhaust, none to be found for sensible money. £500 later a full Stainless Steel system is now fitted from the Cat back

The front tyres were die-yung slidefinders or some other random s****ty make and the rears were nearly done - so 4 Uniroyal RainSports were thrown at it, another £450

Went for MOT and the compliance bushes were done - having messed about before burning out old bushes and pressing in new ones I just settled for complete new bottom arms to save the heartache - £400

Fresh Oil, Gearbox fluid, filter and magnetic drain plugs - £130

3000 miles later - spun a bearing which quickly turned into the K-series death rattle.

Car is no engineless whilst I wait on a new K24a3 and a low mileage gearbox hoping to remove the 1st-2nd syncro issues I was having - another £1500 I didn't want to spend.

As much as I love Hondas, I was ready for torching mine last week. So, now she is going to be kept until it is pure scrap, I will never manage to get my money back out of her at this stage. Just wish it wasn't as thirsty.

My nice bargain Accord now stands me £6400 + a few quid in labour for fitting the new engine when its done
 
did you check that service history of that car? seems very unlike a accord to have that much go wrong


yup, full dealer history up to 90k

i bought it with 98k on the clock

Now has 104k.

i bought it without much of a service record, knowing that I am fairly mechanically minded and this genuinely was immaculate. Turns out a friend of mine had owned it from new as his work vehicle and did the 90k, his work paid for anything and everything the car needed, so it got it.

It's just bad luck tbh, it will all be sorted soon and then I may actually be able to enjoy owning it for a while.
 
Pete tbh most of these issues are wear and tear items.
 
Why leave out the 6th gen owners :( ?

I plan on keeping the 6th until it dies, it's only just got to 100k miles, so it's still got half a life left :lol:
 
Pete tbh most of these issues are wear and tear items.


I am fully aware of that dude. Just with my current financial situation it's a little hard to justify.

i went back with a Honda because I know them well, they handle well and I coudl trust it not to sh*t itself all over the road. Not something you can say about any of the modern diesels in the same price bracket.

Although I was going to end up with slightly dearer day-to-day running costs, I was happy with my choice and still am. Just don't need any more expense atm
 
Tricky question for me... :lol:

I'm selling the Scirocco to cover the cost of buying my 2nd gen Prelude. The money from the Scirocco should cover the Prelude nicely. I'm sad to see the Scirocco go as it's a fun car, and I like my VW's. I like a rare Honda better though so in the end the Prelude won.

The Xsara is also being sold, easy decision that :lol: sure it's practical and economical, but Laura wants an Impreza and who am I to say no :lol:

My 3rd gen Accord I can't see myself ever selling. I love it too much :wub: plus I don't think I'll ever have a chance to own a car like this again!

I can't sell the 4th gen Prelude as it's Laura's favourite of the lot, she loves driving it. She's a bit of a secret petrol head and she loves the DOHC VTEC lump in it! it's a great car to drive and low mileage though so no real reason to sell it anyway.

The Mk2 Golf I won't sell as it's done 200,000 miles on its original engine and is a proper trooper! Plus I always wanted a black one with red GTi trim. I've loved mk2 Golf's ever since my dad had one. It feels like a family member and I'd miss it if it was gone. So yeah, the Golf is safe!

Then there's my 6th gen Accord. That has sentimental value too, and I wouldn't sell/scrap it even though it needs so much work. My first Honda and all that :wub:

So yeah, I'm gradually building up a core of cars I won't ever want to sell :lol: when I worked at Honda they did offer to trade them all in against a new Accord & Civic on finance, it was affordable but I like to own my cars outright and just can't bring myself to spend huge amounts on something that will lose so much value in so little time... The most I've ever spent on buying a single car is £1,400 and tbh that's more than I prefer. I doubt I'll buy a car for over £1,000 for a long time :lol: as for reliability, I can't say I've had any major disasters really. My F20B6 blew up (my fault) and I had to replace the head gasket on my Golf (driveway fix), other than that it's just replacing wear and tear. Worst case scenario though I'm never going to be out of pocket more than a few hundred quid :)

Rambling post over :lol:
 
Why leave out the 6th gen owners :( ?

I plan on keeping the 6th until it dies, it's only just got to 100k miles, so it's still got half a life left :lol:
I have no desire to get rid of my 6th gen, but I may treat myself to an upgrade to a Type-R or 7th gen depending on how much of a deposit I put down on a house later in the year.
 
I've had my Type-S Tourer for nearly 1 year. 83K miles and it feels as tight as a drum still. Only paid for consumables in that time.

Took it on a track day at Snetterton a few months back and it was an absolute hoot but the most special thing about the K24 Accord to me is the verstiity. It will spank it round a track all day you back down the mortorway in absolute comfort and luxury in a way few rivals can.

I'll probably keep mine until it is really broken beyond all reasonable repair, really can't think of much that i could afford as a replacement tha offers the same performance and practicality apart from maybe a Subaru Legacy.

I want to add a DC5 Intergra at some point and looking at stripping out an old Jag XJ to create a ridiculous track day car but there will always be a place for the Accord.
 
i concur, i need to get mine onto a track, especially since its on BC-BR coilovers. I feel like absolutely spanking it some day knowing it will thank me afterwards :lol
 
hopefully soon enough, been saving up for a Cl7 Euro R :)
 
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