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What effect does the number of previouos owners have on the value of a car

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  • 27-11-2008 4:05pm
    #1
    NewApproach
    Registered Users Posts: 2,188 ✭✭✭


    This is following on from my thread a few days ago, looking for a car for my cousin.

    This* car seems to fit his requirements, and while sporty may have been a misleading description, it is exactly what he is looking for.

    However, the car is listed as having three owners.

    He worries that this may affect the resale price of it when he comes to change it again a few years down the line. To be honest, I didnt really know, so I am asking ye!

    Does the number of owners affect the value of a car?

    Also is there anything else that a large number of owners on a car would indicate?

    The HPI report checked out fine, so I was just wondering this! Thanks for all ye're help!

    *Was going to put up a link to their page, but they have taken it down.
    Its an 05 BMW 320cd, with 29k miles. M Sport pack, and no extra extras on top of that. 3 previous owners


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    #2
    Anan1
    Registered Users Posts: 22,815 ✭✭✭✭Anan1


    Was the car on a private plate? In the UK, plate changes show up as changes of ownership. If not, 3 previous owners, while not a good thing, is hardly the end of the world as long as it's reflected in the price. I don't know about buying an 05 E46 though, that car was obsolete when it left the factory. An 05 E90 saloon would be a much better car.


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    #3
    JJJJNR
    Closed Accounts Posts: 4,791 ✭✭✭JJJJNR


    Wouldnt the E90 be much more money


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    #4
    NewApproach
    Registered Users Posts: 2,188 ✭✭✭NewApproach


    JJJJNR wrote: »
    Wouldnt the E90 be much more money

    A little bit more but its awful looking and that would account for a lot


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    #5
    Anan1
    Registered Users Posts: 22,815 ✭✭✭✭Anan1


    JJJJNR wrote: »
    Wouldnt the E90 be much more money
    Perhaps not, you'd be surprised at the number of people who must have a BMW coupé.;)


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    #6
    R.O.R
    Registered Users Posts: 12,685 ✭✭✭✭R.O.R


    Anan1 wrote: »
    Was the car on a private plate? In the UK, plate changes show up as changes of ownership.

    If this isn't the case, I'd be very wary. 3 owners is a lot.

    It wouldn't be unusual to find one person who only keeps the car a short while, but 3 who keep it for a year each on average? (unless it was originally registered as a demo, then my whole point falls down :o)

    Could be a sign that it's a "Monday Morning" car.


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    #7
    NewApproach
    Registered Users Posts: 2,188 ✭✭✭NewApproach


    R.O.R wrote: »
    If this isn't the case, I'd be very wary. 3 owners is a lot.

    It wouldn't be unusual to find one person who only keeps the car a short while, but 3 who keep it for a year each on average? (unless it was originally registered as a demo, then my whole point falls down :o)

    Could be a sign that it's a "Monday Morning" car.

    Last owner had it since Jan 07.

    "Monday morning" car?


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    #8
    JJJJNR
    Closed Accounts Posts: 4,791 ✭✭✭JJJJNR


    Will the next owner be the 5th owner.! Its had 3 prev, currently owned by fourth etc.


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    #9
    Anan1
    Registered Users Posts: 22,815 ✭✭✭✭Anan1


    The HPI check should tell you how many previous registrations (if any) it's had. Don't forget, three previous is four in total. Four plus your friend makes five when they come to sell. A Monday morning car is a lemon.


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    #10
    NewApproach
    Registered Users Posts: 2,188 ✭✭✭NewApproach


    JJJJNR wrote: »
    Will the next owner be the 5th owner.! Its had 3 prev, currently owned by fourth etc.

    No two previous, current one is the third. So next owner will be the 4th.


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    #11
    R.O.R
    Registered Users Posts: 12,685 ✭✭✭✭R.O.R


    NewApproach wrote: »
    Last owner had it since Jan 07.

    Sounds like it might have been a demo, then 18 - 24 months per owner so probably OK.
    NewApproach wrote: »
    "Monday morning" car?

    I don't know about you, but I never do anything in work of any consequence on a Monday morning (or Friday afternoon) as the heart isn't really in it. You'll sometimes get cars like that - recurring problems that keep being fixed but pop up again and again.


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    #12
    JJJJNR
    Closed Accounts Posts: 4,791 ✭✭✭JJJJNR


    Yeah but the person he trys to sell it too will be the 5th! going to loose your shirt.


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    #13
    Mr. Presentable
    Closed Accounts Posts: 9,496 ✭✭✭Mr. Presentable


    It depends on the previous owners.

    Two previous owners might seem better, but the first one might have been Hertz. If it were possible to go to an owner previous to the current and ask why he sold it................


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    #14
    NewApproach
    Registered Users Posts: 2,188 ✭✭✭NewApproach


    nipplenuts wrote: »
    It depends on the previous owners.

    Two previous owners might seem better, but the first one might have been Hertz. If it were possible to go to an owner previous to the current and ask why he sold it................

    Tried but not possible due to data protection. I know their details are listed on the V5 but neither the garage or the HPI crowd are willing to disclose that info...


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    #15
    Owen
    Registered Users Posts: 12,683 ✭✭✭✭Owen


    Why does it matter? It could have had 1 owner who drove it like he stole it, or 5 very careful sunday drivers.


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    #16
    Dazzy
    Registered Users Posts: 594 ✭✭✭Dazzy


    I looked at a car last week which I was told had 2 owners but actually had 3. It was an 05 car and this put me off. When you go to sell this car there will be 4 owners on it. Makes it harder to shift, you will need to price lower than other cars with less owners when you go to sell. Any garage will use it as a point to reduce trade in vlaue also.


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    #17
    bazz26
    Registered Users Posts: 51,245 ✭✭✭✭bazz26


    The way used car resale values are tumbling at the moment it probably will not matter how many previous owners a car has.


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