how much do u reckon a MY99 (reg september)
DBM Turbo 2000 Saloon would be worth next august?

this is trade-in price.
seems to be woth between 12500 and 13000 just now (25K miles today, 40kMiles next August.)

 

do you mean August 2002???

if so,no one can honestly say what a car will be worth in 13 months time, less than what a my98 is worth now.

Matt.

 

i know.. hard to speculate.

probably 9 - 10k i reckon.

ive found that i have to be at higher speeds to enjoy the realms of the scooby.

saving for an elise.

thinking of selling it just now.
14500.

great car - just seems to explore the realms of its handling, have to be risky.

though, also looking for someone to enlighten me to the fun stuff at normal speeds..

costing me about 600 quid a month just now...
including buying and petrol.
ouch!

 

Interesting question though SCO.

I agree it is impossible to say with certainty but I would have thought that a starting point would be the current price of an MY98 with 40k on it (ie. just about to come out of warranty/need it's first MOT at the end of three years)

Do cars drop in value just as they come out of warranty? You'd have to assume so in the private market.

How much more would you pay for a car with 3-6 months manufacturers warranty left on it in a private sale?

Perhaps this wouldn't be an issue in a tradein as the dealer would end up putting his warranty on it anyway.

What is the relative price difference between a late MY98 and an early MY99 today?

Am I right in assuming that the MY99's were deemed to be slightly superior in that they had 4-pot brakes, bigger wheels, 'nicer' seats and other bits and bobs on them?

Although used prices can fluctuate based on supply and demand (what it cool at the time), I would imagine that <MY00 prices will continue to fall (along with every mainstream but interesting saloon cars) as more and more Euro imports hit the second hand market and people begin to favour early MY01's because they are 'the new model' if nothing else.

I have a Nov'99 MY00 (Dutch) and would be interested to know how much it will drop between now and next autumn too as I may decide to sell it sooner rather than later as I'm currently out here in LHD land and 1995 Porsche 993's are starting at £20k ;-)

If I were to sell, as I paid circa £16k, I would feel chuffed if I could get near £13k back (in the UK).

If I leave it til next autumn I'd be hoping for more than £11k and certainly no more than £500 less than you might get for a UK car! As by that time they are to all intents and purposes one and the same thing.

I still love it though and may just keep it and go for a PPP instead so that at least it's acceleration will keep up with it's depreciation.

 

remember cars values are normally based on a percentage of price when new.

It has nothing to do with imports etc.

if you think once out of the warranty period an import will depreciate more slowly than a UK your in for a shock.

A 3 year old sccoby is about 45% of it's price when new, if you paid 16k for an import it' will be worth 7.5k in three years. The percentage of depreciation remains constant but the value is less i.e. 55% of 21k is more than 55% of 16k. So in cash terms yes the import is cheaper to buy and relative to it's UK version depreciates less, BUT, it does not mean it will be worth the same money in 3 years time.

If I was looking at buying a sccob, and found out I was buying an import, I'd know the purchase price of the car was lower, therefore it's resale value is lower, hence my offer would be lower.

You can't buy cars 5k below list and then expect them to hold there value more stongly than a UK car.
Matt.

 

Matt,

Disagree with your figures but then I would because I've got an EU import

Once the cars are three years old I would think the premimum for a UK supplied car over an EU supplied car would be very small. At the end of the day they are the same car built on the same production line to the same specification. I accept that whilst the UK car is in the three year warranty period it is worth more than an EU import.

A couple of weeks back on this BBS someone said they had sold a 2000 W EU Import Turbo for 16k privately. Sounds like very good money - I doubt a UK Supplied car would be worth that much more?

Maybe I'm biased

Cheers,

Ian.

 

Matt,

In a years time, more and more imports will be up for grabs and I expect that as you suggest, that the buyer will have the advantage and will set the price and EU imports will still have a little stigma (unfairly, in my view!)

Buyers will tend to offer extremely low/rude prices to sellers of Euro imports but do not magine that this will not have a direct effect on 'UK supplied' values.

Why pay more for virtually the same product?

Remember that the two main variances in the relative price were the fact we didn't have to pay the luxury car tax which was applicable to Dutch/continental buyers and that the Euro fell significantly against Sterling after its launch.

Domestic Dutch prices actually rose by up to 20% in 99/00 as a direct result of the importer trying to make something out of UK customers soaking up all of their allocation. This must have pissed off many Dutch nationals and dealers indirectly (as they will never win the servicing work) for which I appologise ;-)

If I was looking for a 3yrd old MY99 next summer I'd look for a nice and clean EU import and offer the owner circa £10-£12k, depending on the market forces at the time.

 

Ian,

The figures weren't meant as a true reflection just thought it easier to show the %ages.

There will always be exceptions to the rule. But I think if you know your looking at an import you'll have a fairly good idea of what the car cost new, and as such would offer less (fairly or unfairly) based on the fact 'the car cost the owner less' therefore he/she should sell it for less.

I've got nothing against imports whatsoever. Would buy one without hesitation, but I would offer based what I knew the car was worth new.

Try telling a dealer they all come off the same production line, they will still offer less than a UK car

If you use percentages as a guide then you can't go wrong. IMHO, of course.

Also, mean't to say the price of 7.5k I meant as a sale to a dealer, which would be lower than you could get privately.

Hope that's cleared a few things up!!!!

matt.