About the Peugeot 504
The Peugeot 504 was a landmark family car that achieved considerable success in both saloon and estate forms, with coupé and cabriolet versions adding sporting appeal. Built on robust mechanicals with independent suspension all round, the 504 offered a supple ride and won the European Car of the Year award in 1969. UK models primarily featured 1.8-litre and 2.0-litre petrol engines, plus a 2.1-litre diesel, with fuel injection arriving on later petrol models. The 504 gained a reputation for durability and comfort, with many examples exported worldwide where they proved exceptionally reliable in challenging conditions.
Estate versions are particularly prized for their practicality and load capacity, whilst the Pininfarina-styled coupés and cabriolets command premium prices. Most UK cars were right-hand drive, though some continental imports exist. Production for Western Europe ended in 1983, though manufacture continued in other markets well into the 2000s, meaning spares remain reasonably available through specialist suppliers.
What Affects Peugeot 504 Prices
Condition is paramount with the 504, as rust is the primary enemy of these vehicles. Examples with solid bodywork, particularly in structural areas like sills, floorpans, and inner wings, command significant premiums. Originality greatly affects value—matching numbers cars with period features and correct colour schemes are most desirable. Mileage matters less than service history and evidence of proper maintenance, as these engines are known for longevity when cared for.
Model variant significantly impacts pricing. Saloons are the most affordable entry point, typically £5,000–£12,000 for good examples. Estates fetch slightly more at £8,000–£15,000 due to their practicality and following among classic enthusiasts. The rare coupés and cabriolets sit at the top of the market, with decent examples starting around £15,000 and exceptional cars reaching £25,000 or beyond. Fuel injection models and later series vehicles with improved specifications also attract higher prices than early carburettor cars.
Buying Tips for the Peugeot 504
Always inspect for rust thoroughly, paying particular attention to rear suspension mounting points, boot floors, and door bottoms. Check for previous poor repairs—filler and underseal can hide serious issues. Original panels are preferable to replacements, though quality restoration work adds value. Test the brakes carefully as the servo and hydraulic systems can be problematic on neglected examples. Ensure all electrical systems function, as French wiring of this era can deteriorate, and replacement parts may require specialist knowledge.
Verify the engine runs smoothly without excessive smoke or rattles. The petrol engines are generally reliable, though timing chain wear occurs—listen for noise from the front of the engine. Diesel models are robust but less refined; check for excessive smoke. Suspension should feel supple but controlled—worn spheres or dampers affect the renowned ride quality. Join the Peugeot 504 owners' club before buying; members offer invaluable advice and can recommend specialists for pre-purchase inspections. Budget for maintenance even on good examples, as these are now 40+ year old vehicles requiring regular attention.