Which is the better choice when looking for an MGV8?

Our article looks at the realities seen with recommissioning costs and depreciation when buying a low mileage, high priced MGV8 that you then use for say 4,000 miles a year and compares the costs and value for money with buying a well maintained car with a moderate mileage. More

See our MGV8 Price Guide. More

Check a car with a VES search on the GOV.UK website. More

Check a car's MOT history on the GOV.UK website. More

Posted: 201030



Which is the better choice when looking to get an MGV8 - a high priced, low mileage example or a well maintained car with a moderate mileage?
Many enthusiasts looking to buy a good MGV8 are attracted by examples in immaculate and original condition with low mileages and are less attracted by well maintained cars with moderate to high mileages. But in many ways the justification for the premium for low mileage cars can be doubtful because an MGV8 that has had such low use, sometimes with extended periods in a lay-up, can develop problems that require considerable expense when recommissioning the car, even for modest use. Also once a high priced, low mileage car is used in even a moderate way, for example 5,000 miles/pa when the recorded mileage begins to grow, the annual depreciation becomes a significant cost from an annual loss of value for the owner. This article looks at the potential maintenance outlays and other costs with low mileage MGV8s and reviews the benefits that can be had when buying a well maintained car with a higher mileage at a lower price. See the full article