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What's The Most You Have Lost On A Car......

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Old 05 May 2003, 05:15 PM
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tonybooth
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Angry

.....In The Shortest Amount Of Time?

Still in shock as I come to terms with losing £7500.00 on a car that is just 5 months old

There ought to be a law against it [img]images/smilies/mad.gif[/img]

TONY
Old 05 May 2003, 05:24 PM
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XT
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how about spending 1000 quid on a 150 quid car and selling it for 350 quid?

Never felt so deceived, damn those Audis.....
Old 05 May 2003, 05:26 PM
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Butkus
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tonybooth,

Have you actually sold the car and realised the loss, or is it just the case that that's what your car is now worth, but you still own it?
Old 05 May 2003, 05:28 PM
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tonybooth
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I traded it in yesterday
Old 05 May 2003, 05:32 PM
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James Neill
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I changed jobs where I had to take a company car. I'd bought my Impreza at at the height of the market and when I sold it for £11k I still owed about £16k on finance.
Old 05 May 2003, 05:46 PM
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Brendan Hughes
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Tony, which car?

The bigger they are, the harder they fall. Those who splash out on a Bentley lose the price of a 2-bed flat in the Home Counties in that time.
Old 05 May 2003, 06:16 PM
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JoeyDeacon
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Unhappy

MY00 Impreza purchased for £21,309 and sold 22 months later for £12,650 which works out as a £8659 loss.

Never buying an expensive brand new car again as it is like setting fire to money.

All of you STi7 owners must be gutted when it comes to trade in time!

Old 05 May 2003, 06:30 PM
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Kosy
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Its only like setting fire to money if you keep it for such a short time Joey!
Old 05 May 2003, 06:58 PM
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tonybooth
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Brendan

It was a Fiat Stilo Abarth

TONY
Old 05 May 2003, 07:00 PM
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Markus
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Biggests loss, 6k on a Mondy ST24 in 6 months. Never again I tell you, never again! Did like the car though, but wanted a scooby
Old 05 May 2003, 07:03 PM
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TIFF-C20WTH
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£2000 on a Mondeo Si 4X4
Old 05 May 2003, 08:49 PM
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chopper
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12k in 14 months on a Lotus Esprit V8SE 97. Then went on to lose 5k on a P1 in 8 months, 7.5k on a Ferrari 348ts

Cars are a waste of money which is now why I drive a golf, and am buying a second house and a helicopter. Enough said...
Old 05 May 2003, 11:32 PM
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J4CKO
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Chopper, dont do it !

Helicopters are the only way nature has devised to keep the numbers of rich people down as they have no natrual predators, therefore private helicopters are employed for this purpose, every few months you hear of one landing in a field in bits following the owner not realising that between two pylons several thick pieces of electified cable are strung !
Old 06 May 2003, 01:53 AM
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Chopper. I dont care what you do but i want your job
Old 06 May 2003, 08:31 AM
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Dream Weaver
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Bought a Rover 216 for £2200, then gave it away 12 months later cos the head gasket/ECU had gone, and I couldnt be arsed fixing it.
Old 06 May 2003, 09:01 AM
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£8000 in 5weeks
Old 06 May 2003, 09:28 AM
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midget1500
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8k in 5 weeks. what, did you buy the car for 8k, insure it 3rd party only then write it off into a wall?
Old 06 May 2003, 10:04 AM
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lol @ midget!
Old 06 May 2003, 10:27 AM
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Reffro
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tony you are absolutely right, there ought to be a law against buying a Fiat Stilo.....

They can't give the bloody things away, that's why you get £2000 discount on the cheapest versions, let alone the Abarth. Its practically the worst car in terms of depreciation on the market, you'll be lucky to get 50% back after a year, so by the sounds of it you did about average.
Old 06 May 2003, 10:30 AM
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ChrisB
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Buy almost any new car, chop it in inside 2 years and your wallet will cry...
Old 06 May 2003, 11:31 AM
  #21  
tonybooth
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Reffro

Too true mate. If it had been a proper manual transmission though I would have kept it, but the Selespeed is so annoying [img]images/smilies/mad.gif[/img]

TONY
Old 05 June 2003, 10:18 AM
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NotoriousREV
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My boss paid about £30k for a Jeep Grand Cherokee, got bored of it in 9 months and traded it in for £16k

My company Lexus cost £22,500 and it got sold for £9k 3 years later which is a hefty loss on a so called luxury car, IMHO.

Edited to add: Ironically, my boss has more recently bought another Grand Cherokee, used this time, for £18k. I'll buy it off him in a months time for £2.50 at this rate

[Edited by NotoriousREV - 5/6/2003 10:20:27 AM]
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