Partly Cloudy

Partly Cloudy

max temp: 22°C

min temp: 15°C

Search

Lack of history loses 20% of car value

PUBLISHED: 11:10 11 September 2014 | UPDATED: 11:10 11 September 2014

Not having a fulll service history drops the value of a used car by a fifth on average.

Not having a fulll service history drops the value of a used car by a fifth on average.

supplied

A car being sold without a full service history is worth a fifth less on average than a car with a fully-stamped service book. This amounts to an average of £1,464 for the typical used car sold in the UK with a price of £7,706.

A study by Kwik Fit found buyers expect a 19% discount for cars with incomplete or no service history, which is costing the used car industry £10bn a year in lost revenue.

Almost half (45%) of car buyers say an incomplete service history is a deal breaker as they would not consider buying a car that doesn’t have a full service history.

Older buyers see the greatest value in a full service history with 57% insisting they would not buy a used car without one. This compares to just 33% of buyers aged 18 to 24.

At almost a quarter (23%) of buyers in London expect the biggest price cuts for an incomplete service record – around £1,772. Those in the South West would seek the smallest at 15% – around £1,156.

Roger Griggs, communications director at Kwik Fit, said: “Car owners often skip services to save money but, in the long run, this can end up being very costly. Not only does it reduce the vehicle’s value, it also makes the pool of potential buyers much smaller, making it harder to sell.

“Having a record that shows regular servicing gives prospective buyers confidence that a car has been well maintained, so even if you have one or two missing, frequent servicing is still important.”

Witnesses to a crash in an Ipswich retail park, which has left an eight-year-old girl in hospital, are being asked to come forward.

A coroner has expressed concern that staff at a Suffolk holiday park are yet to be health and safety trained – more than 12 months after a girl drowned there.

Ed Sheeran will compete against friend Stormzy for this year’s Mercury Prize.

A mental health unit run by Essex Partnership University NHS Foundation Trust (EPUT) has been awarded a prestigious accreditation.

A woman in her 70s has spoken of her “shock” after an alleged assault saw her knocked to the ground in the high street of a Suffolk town.

A Bury St Edmunds man has appeared in court after being charged in connection with two burglary incidents in the town within four days.

A group of travellers who had set up an unlawful camp on the West End Road car park in Ipswich have now moved on to the Bramford Lane Recreation ground in the north west of town.

Most read

Eating Out in the Broads

cover

Click here to view
the Eating Out
supplement

View

Visit the Broads

cover

Click here to view
the Visit the Broads
supplement

View

Show Job Lists

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24