According to a new study that was released on Monday 30th January, older cars are 10% less likely to suffer a breakdown than their newer, more expensive counterparts.
Older versions of the Ford Fiesta, Vauxhall Zafira, Audi A4, and the BMW 3 Series have been dubbed “Peter Pan” cars, in reference to the fact that they do not show signs of ageing as much as newly manufactured cars.
Insurers Warranty Direct indicated that the average repair bill for a Fiesta that was built between 2002/2008 was almost double in cost of that of the 1995/2002 models. Meanwhile newer models of the Zafira’s are twice as likely to develop an electric fault than their predecessors.
One in three 2005/2009 Audi A4s have engine troubles, compared to only one in ten of the newer 2000/2005 models.
The more recent models of the BMW 3 series are around three times more likely to pick up faults in the breaking system compared to their earlier counterparts.
Warranty Direct said that while buying a new model is the more attractive and desirable option, when it come to buying a car it tends not to be the most cost-effective.
Analysis tends to indicate that it is not always better to purchase a new vehicle as newer cars tend to have higher repair bills if a fault is found. It can often be the case, that in opening up your wallet or purse to fund the purchase of a new car, you are opening it up to the possibility of having to shoulder additional and unwanted expenditure in the future.