Depreciation
#1
Sorry for the noddy question, but I've been spoilt by having company cars, and the Scoob is my 1st 'proper' car I've owned (cr@ppy first cars notwithstanding)
My car is now just over 1.5 yrs old with 30k on the clock, Parkers tell me it's worth around £16k now. How does depreciation work now in the next year or so? Does it stabilise or continue to dive off?
Is there a magic age/mileage to look at selling a car?
Is it worth selling it while there is still some warranty left?
Any views appreciated!
cheers,
greg
My car is now just over 1.5 yrs old with 30k on the clock, Parkers tell me it's worth around £16k now. How does depreciation work now in the next year or so? Does it stabilise or continue to dive off?
Is there a magic age/mileage to look at selling a car?
Is it worth selling it while there is still some warranty left?
Any views appreciated!
cheers,
greg
#2
Greg
I have exactly the same worries and mileage!
I think it must be best to sell in warranty but we can extend the warranty via the dealer.
The biggest worry I have is finding a flood of used Imprezas on the market when I come to sell mine.
Jason
I have exactly the same worries and mileage!
I think it must be best to sell in warranty but we can extend the warranty via the dealer.
The biggest worry I have is finding a flood of used Imprezas on the market when I come to sell mine.
Jason
#3
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Greg
Sold my MY00 to my dealer for cash. 11 months old 10,000 on the clock and got £16,000. I did say what about all the extras I have. He told me they were not worth a carrot and to take them off. He said £16,000 with or without the extras. I sold most the extras making another few grand. The car still went in with P1 wheels and new tyres which I could not sale, and a high Prodrive spoiler which someone let me down with at the last min. The day or two before the car went in I was trying to get rid of spoiler and wheels at any price yes even £50 I would have took.
I then decide to buy a P1 did not have the nerve to ask dealer for more money as I was now doing Part X.
Sold my MY00 to my dealer for cash. 11 months old 10,000 on the clock and got £16,000. I did say what about all the extras I have. He told me they were not worth a carrot and to take them off. He said £16,000 with or without the extras. I sold most the extras making another few grand. The car still went in with P1 wheels and new tyres which I could not sale, and a high Prodrive spoiler which someone let me down with at the last min. The day or two before the car went in I was trying to get rid of spoiler and wheels at any price yes even £50 I would have took.
I then decide to buy a P1 did not have the nerve to ask dealer for more money as I was now doing Part X.
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steve McCulloch
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12 January 2003 07:36 PM