new car depreciations??.. nu car £18300 (BRAND NEW!!)
25 January 2004, 09:44 AM
#1
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what do you expect a new WRX3 to lose as you drive it off the fore court???
if book RRP is almost £21k??
yesterday a Subaru Dealer offered me a BRAND NEW WRX3 OTR £18300
so... if you bought a car 4 months ago.. was trying to sellint now.. you'd expcet £19k??? yes or no??
but if the BRAND new car is only £18300.. does that de-value a second hand price down to £16500 for a neraly new with 5k miles?
as i look at it as soon as you sit in it you've lost as good as £2k
Beechdale Derby have an Ex demo.. 8750 miles.. March 03 plate.. £17500!!!!!! but for £800 more i can pick my colour.. be the first registered keeper and have only delivery miles on the clock.. also get the most upto date number plate.. not an 03 one! lol
it makes it very hard for ppl to try and sell a less than one year old car for £18K+
are dealers making the second hand car values so low to compete with Dutch Imports?
Phil
if book RRP is almost £21k??
yesterday a Subaru Dealer offered me a BRAND NEW WRX3 OTR £18300
so... if you bought a car 4 months ago.. was trying to sellint now.. you'd expcet £19k??? yes or no??
but if the BRAND new car is only £18300.. does that de-value a second hand price down to £16500 for a neraly new with 5k miles?
as i look at it as soon as you sit in it you've lost as good as £2k
Beechdale Derby have an Ex demo.. 8750 miles.. March 03 plate.. £17500!!!!!! but for £800 more i can pick my colour.. be the first registered keeper and have only delivery miles on the clock.. also get the most upto date number plate.. not an 03 one! lol
it makes it very hard for ppl to try and sell a less than one year old car for £18K+
are dealers making the second hand car values so low to compete with Dutch Imports?
Phil
25 January 2004, 04:14 PM
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I paid £19k for a WRX02 and just managed to get £15k for it after 1 year (and that was hard going), just glad I did not pay the full £21k that they were asking the month before I got mine.
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25 January 2004, 05:21 PM
#9
Scooby Regular
30% in year 1
40% in year 2
50% in year 3
100% when it goes to Joes Scrapyard
To my mind, if you keep it for 10 years and get 10% back then its cost £2000 a year in depreciation (well, mine will have) - BUT if I had sold at 1 year old it would have lost £6500 in that 1 year alone!
New cars are a mugs game - I bought my Scooby new because 2 year old ones were only £2000 cheaper!!
Pete
40% in year 2
50% in year 3
100% when it goes to Joes Scrapyard
To my mind, if you keep it for 10 years and get 10% back then its cost £2000 a year in depreciation (well, mine will have) - BUT if I had sold at 1 year old it would have lost £6500 in that 1 year alone!
New cars are a mugs game - I bought my Scooby new because 2 year old ones were only £2000 cheaper!!
Pete
25 January 2004, 05:44 PM
#11
Scooby Senior
Thread Starter
mr Lewis. you are right.. my MY97 cost £16k in june '99
almost 5 yrs on.. last week i sold it at £6k!
loss of £10k in nearly five years... but in another years time the car would still get £5K?
are Lantry's Sti Type Uk tho?
Chrip.. only money.. thtas what bothers me? I've bought a studio Flat for less than what i had on HP of my car!! lol
Phil
almost 5 yrs on.. last week i sold it at £6k!
loss of £10k in nearly five years... but in another years time the car would still get £5K?
are Lantry's Sti Type Uk tho?
Chrip.. only money.. thtas what bothers me? I've bought a studio Flat for less than what i had on HP of my car!! lol
Phil
25 January 2004, 09:45 PM
#12
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Thread Starter
is £16k for a Dutch import 53 plate too much? i think so.
Phil
Phil
25 January 2004, 11:37 PM
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"mr Lewis. you are right.. my MY97 cost £16k in june '99
almost 5 yrs on.. last week i sold it at £6k!
loss of £10k in nearly five years... but in another years time the car would still get £5K?"
Yes Mr Salsa, but think of all the fun you have had inbetween. Lets be honest here people, nobody buys a scoob as a investment. We buy them, have our fun and shed a tear when its time for them to go.
Its easy to say, but just enjoy them and try not to think what they will end up costing you.
almost 5 yrs on.. last week i sold it at £6k!
loss of £10k in nearly five years... but in another years time the car would still get £5K?"
Yes Mr Salsa, but think of all the fun you have had inbetween. Lets be honest here people, nobody buys a scoob as a investment. We buy them, have our fun and shed a tear when its time for them to go.
Its easy to say, but just enjoy them and try not to think what they will end up costing you.
26 January 2004, 06:44 AM
#14
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Thread Starter
lol
i'm not even going to say how much i totted up when i went through the receipts I paid out.
anyway.. I looked in Top Marques mag and saw a 51 plate Ferrari for £75k.... new it said it was £176k!!!!!
Phil
i'm not even going to say how much i totted up when i went through the receipts I paid out.
anyway.. I looked in Top Marques mag and saw a 51 plate Ferrari for £75k.... new it said it was £176k!!!!!
Phil
26 January 2004, 08:51 AM
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How about this - Mondeo Ghia X diesel - new from Ford dealer £22k - they had a 6 month old one 6k miles £18500.
You can buy a brand new one on-line for £15500
You can buy a brand new one on-line for £15500
26 January 2004, 05:26 PM
#16
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Thread Starter
lol
my mum and dads ST24 '96-£22k new.. they bought it 13k miles.. 18 months old... £11,500!!! lol
Phil
my mum and dads ST24 '96-£22k new.. they bought it 13k miles.. 18 months old... £11,500!!! lol
Phil
26 January 2004, 05:38 PM
#18
Scooby Regular
My 'other' car has gone UP in value
and
The wifes car is worth the same as it did 4 years ago
I don't get excited as I lost the value of BOTH the above cars in 52 weeks with the Scoobie!
It CAN be done, just NEVER with new!
Pete
and
The wifes car is worth the same as it did 4 years ago
I don't get excited as I lost the value of BOTH the above cars in 52 weeks with the Scoobie!
It CAN be done, just NEVER with new!
Pete
26 January 2004, 09:15 PM
#20
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Thread Starter
lol
yes ScoobyDick... it was a 456.. or what ever
yes ScoobyDick... it was a 456.. or what ever
26 January 2004, 09:25 PM
#21
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is £16k for a Dutch import 53 plate too much? i think so.
Phil
Phil
When a new unregistered EU import can be had for £16499 (+£200 OTR) I wouldn't pay anymore than £15000 for a second hand 53 reg.
Lee
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