what have you bought that you lost the biggest amount of money on.
what make of car etc or somethings else.. have you lost big on a house etc?

I lost £10k on my MY97 Turbo bought in June 99. for £16000
sold in Jan2004 for £6000 thats a £10k loss in 4.5yrs


is the subaru the fastist losing car? or a Rover? lol

Phil

 

lost €22,000 1.5yr ago when i bought a gorgeous 2000 Toyota Altezza(210bhp beams) fresh from japan..5 weeks later i hit a tree sideways, wrote off third party fire and theft insurance policy so no money for me..jesus it still hurts

 

ouch

 

thats what i felt, right before tears filled my eyes, lucky nobody was with me, would have been squashed

 

Ouch that must hurt....

Biggest in shortest time for me was about £6k in 9 months on a Caterham. Difficult to be exact as there were part exchanges involved.

Over a 3 year period Caterham Cars did very well out of me I bought and sold back to them 2 cars and ended up about £13 worse off, but I guess that what happens when you want to avoid private sales.

It was fun through

 

£21,171.00 bought my scoob in 2000, still got it, keepin it forever, therefore it is worth nothing..... i still grin when i drive it though!!!

 

wots it worth now?

 

It's worth nothing cos it's not, and will not be for sale....

 

moooo hooooo dddeeeee

 

Oh I forgot another one.....

In 1997 I had the choice between a V6 mondy (brand new Mk2) or for just a little extra (<£2k IIRC) a UK Turbo Wagon (brand new). I chose the Mondy as I was worried about a turbo engined car and the very short 4 mile journeys I do.

What a ****......... That decision cost me financially and also caused years of unrest (the scooby bug never went away) + think of all the fun I missed. Quite possibly the worst decision of my life.

 

The ex-wife from another planet

85 K + VAT


but worth every penny to get shot

 

I got my Wagon in November 99. It cost me 23K as it had the £1500 air con option [con for sure] and now it's worth naff all, but what the hell residual values are overated.

 

you seem bitter?

as my mother says , "no point being the richest man in the graveyeard". if it costs 5k a year in depreciation and you can afford it, and you enjoy it, then it's money well spent.

 

House in 1991 - dropped from £115,000 to £65,000 ................ thats £50,000 in 2 years

Luckily I didn't actually pay £115,000 for it, so didn't really lose, but my neighbour DID pay £115,000 and DID lose it all!!

And I DID sell for £65,000!

Bricks and mortar are good investments - but not if you catch it wrong .... big drop around the corner now!!

Pete

 

You think ? What factors pete ? (genuinely asking here)

 

Subaru comes in at a close 2nd....£9.5k loss

Only beaten by a £25K loan to the business, although I "should" be getting that back (touch wood)

 

Credit down .... confidence down ....

House prices racing ahead in Northern Ireland and parts of Scotland ... if they are seeing 20% rises and the National headline house price inflation is 2% then, some houses, somewhere, are taking one hell of a beating down on value!!

It's a confidence thing ..... and like a snowball ..... once the prices start tumbling (as they are in places) and it gets reported more and more - then hype will kick in and BANG!!

Wish it would bloody well hurry up as I have been predicting the bang for 18 months now (but I do think it started then!!) - it's just the momentum thats lacking.

Pete

 

3k you can insure a car for fire theft and crash but not for rust

 

well if the house prices do go down alot think i`ve just sold at the right time,
bought for 88k
sold for 151k

 

£88k in 1952, must have been quite a palace!!

Pete

 

Pete I can't wait for your crash - It has been booked in since 2001. My house was worth 135k in 2001 - just sold it for 350k. When the 30% nose dive kicks in, will it be worth 135k-30% or 350k-30%

 

bw - it is the 2 million quid stuff that is taking beating - one 2 million quid house knocked down by 500k and fifty 100k houses up by 10% = flat housing market

 

i lost £12k in 3 years on my old Impreza but made nearly £60k a few months ago from doing a house up and selling it on!!

 

I bought a Clio 16v back in 94 for 13k new from dealer, 6 months later heard about them releasing the William3, dealer would only offer me 7k on a trade n against one

I sold it private, stumped up the 14k for the Williams3 in 95 and sold it in 98 for 5k

 

In the words of that immortal man



























Doh!!

 

Paid 10K for my Impreza back in October 02. Probably worth on a good day £7,500.

Paid £3,500 for a 97 Astra March 02. Worth now about £800 now.

Scoob I don't care about becuase I'm unlikely to sell it and will be giving it to my GF when I buy an Type R.

The Astra on the other hand is quite a horrible car IMO. Every time I get in it I'm being intimidated by the mould growing in the door pockets its getting so big now I'll have to start calling it sir!

 

Thing you have to remember about buying a brand new car is that you will pay in the long run for it.

Biggest loss I had was buying a MY00 for £21,309 and then selling it back to a dealer 22 months later for £12,650. Thats what happens when you get all carried away and don't do you homework. If I had known a new model was coming out within 6 months there is no way I would have bought it. I still remember how gutted I was when I saw the magazine covers showing the new car. Not becuase it was so gorgeous or anything but because my new toy was suddenly the old model within 6 months.

Took us 5 brand new cars to realise this, but new cars are a total waste of money. Still amazes me the people on here who moan about losing £10K on an STi in two years yet still go and buy another one.

Currently we own a 98 Audi A6 which cost £5000 and is the bet car I have ever owned and a 99 Renault Laguna which I paid £1500 for nearly 18 months ago. I still can't believe you can buy a whole car with aircon for the price of aircon when I got my Impreza.

 

220K for divorce but now I have an 03 STi ppp and she can't kerb my PFF7s.

Awful depreciation on some cars is a fact of life, no use in losing sleep over it. I suppose my STi has lost about 15K or so in 3 years but I've had at least that much fun with it.

 

The problem with new car is that there's 17.5% VAT - that's sort of mysteriously not part of the 'value' of the car but part of your cost to buy it..so pretty much when you drive it out the showroom you've lost that + say 10%...so new cars are bound to take a big hit upfront..

but I guess that's the price you pay for the privilege of being the first careful owner...

 

I've just sold my scooby and have lost £12,300 in 24 months. Nice...