I have £3000 to spend on a daily driver. What's your advice?

I'm about to be made redundant, which means handing back the company car. I'll be using the redundancy cash to pick up a sub £3000 car until I find another job. This price point is awash with cars, from modern Ford Mondeo/Focus type cars with 150,000+ miles and the odd MoT failure, most of which started off as ex fleet. Mixed in, I keep finding some interesting Mercedes. One that caught my eye was a 2004 Mercedes E320 with two owners, full detailed service history, never failed an MOT. Body work immaculate as well. As a rule of thumb, I'll be going over the history with a fine tooth comb. But should I be looking at a modern motor with high mileage or something older with similar mileage which has clearly been loved? Thanks.

Asked on 12 September 2020 by Beags

Answered by Dan Powell
If you have less than £3000 to spend on a daily driver, I'd strongly advise against buying an old E-Class. At 16-years-old, it'll be worn out and in need of significant work (and money) to keep it on the road. What's more, being a Mercedes-Benz, all of the servicing and repair costs will be relative to its price when new (£30k) and not a vehicle that's valued under £3000. If you need a reliable and efficient used car, I'd recommend buying a Honda Civic or a Toyota Avensis.
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