Partly Cloudy

Partly Cloudy

max temp: 21°C

min temp: 17°C

ESTD 1874 Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

Lack of history loses 20% of car value

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.”

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Myrtle Turner teaches her last fitness class in Saxmundham after 52 years of teaching.

At 86 it’s not unexpected that all the members of Myrtle Turner’s fitness class would be younger than she is – but she is the session leader.

Search being co-ordinated at Jaywick for a missing kayaker

People are being urged to stay safe if they visit the seaside this summer after the death of a canoeist off the coast at Jaywick on Sunday.

The scene of a crash on the A134 near Sudbury

Two pensioners were airlifted to Addenbrooke’s Hospital after a crash in Sudbury left them in a life-threatening condition this afternoon.

East Anglian Air Ambulance

A woman suffered a broken leg after falling from a horse in Santon Downham, near Brandon.

Gemma Edgar and her son Noah with her brother Lee Relf, who has launched into fundraising for the Children's Eye Cancer Charity and is doing a sponsored cycle around Suffolk castles dressed as knights in honour of his nephew.

The uncle of a Colchester boy living with cancer is looking forward to embarking on a Knight Rider Challenge this weekend to raise funds for a charity that supports children with the disease.

Lady Of the Lake Pub

A former soldier who was suffering from post traumatic stress disorder (PTSD) when he punched a Suffolk pub landlord has walked free from court after his victim said he did not want him to go to prison.

A loo with a view in Pakefield

With so much to see and do on the Suffolk coast, a day trip is just never long enough - so why not make a weekend of it? Or even book a week-long holiday?

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

Great British Life

Great British Life
MyDate24 MyPhotos24