Volvio- Why Is This Low Market Value

[BAnuradha]

Hello Friends,

I just need to clear why this second hand Volvo market is very low. I found one in news paper 2002 barnd new Gh-XXXX S80 Diesel for 2.ml. done only 105,000km with service record. Seems a superb car in condition. If we try to buy this kind of luxury Jpp car at least we have to spend 8 ml.

Why is this strange second hand market value for VOLVO.

Thanks

[GMI]

  On 10/4/2010 at 6:07 AM, BAnuradha said:

Hello Friends,

I just need to clear why this second hand Volvo market is very low. I found one in news paper 2002 barnd new Gh-XXXX S80 Diesel for 2.ml. done only 105,000km with service record. Seems a superb car in condition. If we try to buy this kind of luxury Jpp car at least we have to spend 8 ml.

Why is this strange second hand market value for VOLVO.

Thanks

high maintenance and running cost...

[Sifaan]

  On 10/4/2010 at 7:10 AM, GMI said:

high maintenance and running cost...

compared to corollas and allions and sunnys, yes... but if you were to compare to a camry, teana, etc. wouldn't the cost of parts, availability of parts and such be similar?

[Devinda_Z]

  On 10/4/2010 at 7:29 AM, Sifaan said:

compared to corollas and allions and sunnys, yes... but if you were to compare to a camry, teana, etc. wouldn't the cost of parts, availability of parts and such be similar?

Point!

However the useful service life of the components on Euro's versus those of the Jap's seem much shorter...

[Devinda_Z]

  On 10/4/2010 at 7:29 AM, Sifaan said:

compared to corollas and allions and sunnys, yes... but if you were to compare to a camry, teana, etc. wouldn't the cost of parts, availability of parts and such be similar?

Point!

However the useful service life of the components on Euro's versus those of the Jap's seem much shorter...

[Sifaan]

  On 10/4/2010 at 4:54 PM, Devinda_Z said:

However the useful service life of the components on Euro's versus those of the Jap's seem much shorter...

Would it be practical do a survey on AL: Typical maintenance costs (parts / labour) and replacement intervals for few Euro cars and few Jap cars?

e.g. take some cars 6-10 years old (newer cars may not have had much maintenance issues) that are popular enough to have several owners on the site; maybe 406 D9, Passat (B5/B5.5), BMW E46 as representative Euro vehicles; B15, 121, Carina (210/212), Primera (P11/P12), Civic (EK3/ES1?), Mazda (323?) as representative jap vehicles and list repairs/replacements in the last 1 year (what usage did the old part have in years and/or km; how much did the replacement cost, (was it original+new, original+used or aftermarket, purchased @ agents/panchi/abroad), how much for labour (was it at agent or independent)).

probably limit it to replacements due to wear (e.g. suspension related, engine related, etc.) as replacements due to accidents (body parts) you would expect to get a "subsidy" from the insurance. This is of course on the assumption that someone owning a euro car would go with full insurance.

apart from making more informed buying decisions, can also serve as a rough price guide for anyone who wants to know how much it would cost to replace such and such part..

Edited October 5, 2010 by Sifaan

[SeanD]

Low lifespan or not, the value you've mentioned still seems lower than I thought, especially for a diesel.

[rangerover]

Well, the issue with most european cars in SL was that owners had to rely solely on the agents to undertake repairs. Knowing this many agents charge exorbitant prices. With many independent specialists opening up for brands such as BMW, Peugeot, Mercedes and VW and the availability of many sources to even personally import parts have made european cars far less expensive to maintain at present. It however, can be in certain instances more expensive than some mass market japanese cars, but thats a price u pay for exclusivity. If i am not mistaken there are few independent specialist for volvo as well who had left the agents and set up shop. In general Volvo is not known for having a great second hand market worldwide

[BAnuradha]

Is it worth to buying VOLVO car. My point is If we need to buy that kind of luxury, satiety, good looking and diesel YOM 2002 car at least we have to pay 8.ml. But we can go with VOLVO 2 ml. Buyer can save 6.ml + lease interest + insurance changers. May be buyer can sell it gain 1.5ml. He will loose only 0.5 ml.

[Elvis_Pil]

Whats the 8 million Diesel car that you speak of?

[Sifaan]

  On 10/5/2010 at 4:45 AM, BAnuradha said:

Is it worth to buying VOLVO car. My point is If we need to buy that kind of luxury, satiety, good looking and diesel YOM 2002 car at least we have to pay 8.ml. But we can go with VOLVO 2 ml. Buyer can save 6.ml + lease interest + insurance changers. May be buyer can sell it gain 1.5ml. He will loose only 0.5 ml.

with regards to this particular car - have you gone and checked out the car yet? because whatever it may say in the ad the reality may be different. plus it may be due for some expensive repairs. ~2m seems quite low for a S80 and a diesel at that.

in general, I prefer to buy a nice euro car at cheaper price even if it means spending more for maintenance because the price gap between similar features euro and jap cars are so huge. e.g. 406 D9 can be had for 1.5m - 2.0m depending on options/condition and with toyota for that price you'll only get a 110. or maybe carina 212 for a little more.

also I get some parts down from UK which makes the price manageable (e.g. I'm getting down fuel pump for ~120 pounds (~Rs. 22k) and locally it will be about Rs. 35k in panchikawatta for the genuine part)

with peugeot there are several places that import so it's not too hard to source parts (i.e. even if it is expensive it is less likely to be in a situation where the car is rotting away cos you can't get the replacement part locally)

not sure how it is for volvo and other brands.

[BAnuradha]

  On 10/5/2010 at 4:56 AM, Elvis_Pil said:

Whats the 8 million Diesel car that you speak of?

Camry .....

[heavyD]

  On 10/5/2010 at 1:57 AM, Sifaan said:

Would it be practical do a survey on AL: Typical maintenance costs (parts / labour) and replacement intervals for few Euro cars and few Jap cars?

e.g. take some cars 6-10 years old (newer cars may not have had much maintenance issues) that are popular enough to have several owners on the site; maybe 406 D9, Passat (B5/B5.5), BMW E46 as representative Euro vehicles; B15, 121, Carina (210/212), Primera (P11/P12), Civic (EK3/ES1?), Mazda (323?) as representative jap vehicles and list repairs/replacements in the last 1 year (what usage did the old part have in years and/or km; how much did the replacement cost, (was it original+new, original+used or aftermarket, purchased @ agents/panchi/abroad), how much for labour (was it at agent or independent)).

probably limit it to replacements due to wear (e.g. suspension related, engine related, etc.) as replacements due to accidents (body parts) you would expect to get a "subsidy" from the insurance. This is of course on the assumption that someone owning a euro car would go with full insurance.

apart from making more informed buying decisions, can also serve as a rough price guide for anyone who wants to know how much it would cost to replace such and such part..

Now this is a good idea. I've always wondered whats the real cost difference is between Euro's and Jap cars. Might actually dispel some myths too. I second this suggestion!!!

[Elvis_Pil]

  On 10/5/2010 at 5:36 AM, BAnuradha said:

Camry .....

Ok so you are wondering why the market value of a 2002 S80 is lower than the market value of 2002 Camry- both cars being diesel?

First are you sure of the S80's GH number plate? Early series english numbers came prior to 2002 for sure, so I'm not sure that accurate. The car is probably older than that. Then are you really sure of the market price of the Camry? And are you sure of the year and number plates of the car?

Next think of how big Toyota is in this Country & Globally- with the steady agent backing and the massive complex they have in Wattala. Compare that to Volvo- think you'll find you're answer along the way

[buddhika_amal]

Hi Guys,

Just wanted to know There are two Volvos

1.1994 Volovo 460

2. 1996 Volvo 850GL

I just want to know if it is any good. They are quite cheap compared to Japs.

please advise...

[terrabytetango]

Honestly, I'm losing hope with Volvo. I'm helping a friend search parts for an S40 that's come into his possession recently, and parts are about as rare as hens' teeth. My personal opinion through my limited experience is to ignore them and look at similarly priced japs instead.

Edited April 23, 2012 by terrabytetango

[Bugatti]

Or Germans...!

[The Don]

  On 4/23/2012 at 10:58 AM, terrabytetango said:

Honestly, I'm losing hope with Volvo. I'm helping a friend search parts for an S40 that's come into his possession recently, and parts are about as rare as hens' teeth. My personal opinion through my limited experience is to ignore them and look at similarly priced japs instead.

What are the parts you are looking for? Some S40 1.8L engines were made by Mitsubishi and in Europe Volvo parts are very reasonably priced. You might just have to source it via alternate means rather than the local spares market.

[NadriquE]

brand new with 105,000 km ??

[jdnet]

  On 4/23/2012 at 7:21 PM, NadriquE said:

brand new with 105,000 km ??

The post is from 2010. The car was 8 years old. It's very possible to see that mileage or even lower on a car like that. These aren't toyotas, so a genuine low mileage one isn't a rarity.

[Watchman]

  On 4/23/2012 at 4:47 PM, The Don said:

What are the parts you are looking for? Some S40 1.8L engines were made by Mitsubishi and in Europe Volvo parts are very reasonably priced. You might just have to source it via alternate means rather than the local spares market.

I think he was looking for mostly body trim and cabin plastics. I would imagine you should be able to find some on ebay or even some small time vendor sites.

[terrabytetango]

  On 4/23/2012 at 4:47 PM, The Don said:

What are the parts you are looking for? Some S40 1.8L engines were made by Mitsubishi and in Europe Volvo parts are very reasonably priced. You might just have to source it via alternate means rather than the local spares market.

It's a diesel, and the engine is fine. What we're having trouble with is locating cosmetics like exterior window trim and bits of the interior. I checked ebay but they don't have much, and I've been scouring the online forums whenever I get the chance, but with not much luck so far.

[YALA]

  On 4/24/2012 at 3:45 AM, terrabytetango said:

It's a diesel, and the engine is fine. What we're having trouble with is locating cosmetics like exterior window trim and bits of the interior. I checked ebay but they don't have much, and I've been scouring the online forums whenever I get the chance, but with not much luck so far.

closest place is Malaysia if at all i remember seeing few wreckers who operates only for Euro vehicles..might be cheaper considering someone can hand carry it back