Petem95

Seem to regularly read about people on here who've bought a new Scoob, then traded it in in a years time and lost 8k etc

Ive only ever owned 205 GTi's and on average theyve probably only lost 200-300 over about a year or so's ownership, some people on here seem happy to accept a loss of thousands?!!

stormyuklondon1

nots so much money ive lost, but i picked up my silver '54 plate wrx on monday, it had 1600 miles on the clock in showroom condition.the bloke i bought it off paid full price for it (i saw the reciept) at his local dealer on 30/11/2004, and i gave him 15 grand for it. now thats some loss!

GCollier

Biggest losses I've taken on new cars:

£11000 in 20 months on an Evo 6
£15000 in 23 months on a Porsche 996

I can offset thoses losses against the £750 profit I made on an Astra GTE 16V I owned about 10 years ago and ran for 18 months

Gary.

FASTER MIKE!!

bought my first scoob for £14k and it was 2 1/2 years old, sold it for i think £7-7.5k after 4 and a bit years prob spent £3-4k on it hopefully the type r i replaced it with won't loose as much

mike

CooperS

Most I've lost is £2.8K

Bought my CooperS in July 2002 and sold it in August 2004 with 26K on the clock for £2800 less than I bought it for, did pretty damned well I reckon

carl

Most I've lost is £3k in 10 months. Bought a 10 month old Fiesta 1.3 Encore for £6.5k. Sold it 10 months later for £3.5k

LongTimeLurker

never lost on a car but that's coz i bought my 205 1.9 Gti 89 over 7 years ago for £2100, still driving it now

cheddar bob

Lost £6400 over 3½ years (MkIV Fiesta Zetec 1.4 16v from new). Bought my current car for £1600 and will expect to get at least my money back when I sell (Mk2 Golf Gti 8v)

Brendan Hughes

£10 500 in 14 months - terzo. Bought at peak, sold at trough.

"happy to accept" - NO!

sti-04!!

8k in 6 months

then sold my evo for £500 more than i bought it for 2 months later (Evo 260 with Large Spoiler)

Also before it got £500 more on a trade in for my Focus RS 6months old against a new Scoob Sti

LG John

We know two things in life: 1) A new car will usually depreciate very quickly initally b) a saxo VTS will drop like a brick in value (esp towards the end of its life!).

Consider this: I bought a brand new VTS for 11,200 and did 30k miles in it in 1.5 years and then sold it for £7700. I then re-loaned and bought my MY99 impreza which was a 3 year old car at the time and therefore has done the bulk of the 'new car' value dropping. I bought it for £11200 and took her from 40,000 to 70,000 miles (30k) in 1.5 years. I then sold it for £7300 This shows IMHO how much the **** fell out of the classic shape market

JoeyDeacon

New cars are the best way I have found of losing money. If I had invested all the money I had lost in depreciation into property I could probably retire by now. Biggest loss was on a MY00 Impreza, Bought for £21,309 and sold (after a lot of hassle) to a dealer for £12,650 22 months later. Thats a loss of £8659 or £393 before even working out the interest on top of that.

Learnt my lesson now and I would never buy a brand new car ever again. Using depreciation to my advantage I bought an Audi A6 last weekend. List price on this car was £25K and I paid £5.5K for it. One obsessive owner and it feels like new. The smoothest, quietest, best built car I have ever owned for the price of a new Daewoo Matix.

suprabeast

lost 2k at the most... brand new cars are for people who can afford to burn money... whats wrong with a 2 year old car thats 10k cheaper!!

Bubba po

I've never owned a car younger than four years old. Every car I've had has depreciated at less than a grand a year.

pbee

bought a new pug 306 for 15k sold it 5 years later for 3.7k 11.3k loss, gulp. Lost £800 on a VW and made £500 on a 405 Mi16 I ran for 14 months.

If you are going to buy a new car you need to choose the right one.

jcullen

Hmmn, £12,500 in 14 months on a porsche 996, didn't help that they cut 6 grand off the list price in that time!