hi have just gone from mk2 cupra now after mk3 they seem as though they dont sell half as good i noticed over the past few months of looking you can now get 65 plate for under £22,000 i dont fancey paying thats then 12 months late it drops like a stone and afew people i have seen for sale dont seem to able to move them on ?
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- Thread starter markrich
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I'm not really sure what you're trying to get at here. Cars will always drop in value, that's what they do.
Just because you've seen a few for sale that haven't been sold, doesn't mean they're struggling to sell them on. My local dealership is selling them very fast (I know because I keep a close eye on their stock, most go within a week). This doesn't mean it's the same for the whole country though.
65 plate for £22k sounds about right to me, depending on the model and miles as that's £2-5k off the list price, again, depending on model, miles etc.
Just because you've seen a few for sale that haven't been sold, doesn't mean they're struggling to sell them on. My local dealership is selling them very fast (I know because I keep a close eye on their stock, most go within a week). This doesn't mean it's the same for the whole country though.
65 plate for £22k sounds about right to me, depending on the model and miles as that's £2-5k off the list price, again, depending on model, miles etc.
my local dealer doesn't keep their used Cupras long either. Compared with their lower-specced Ibizas and Leons.
But cars DO depreciate, with very few exceptions.
I saw Gordon Ramsey on Top Gear talking about his LaFerrari. I imagine that cost a million new, and he could sell it for more today because they made very few.
Mass-produced cars ALL lose value. You have to decide what you want to drive and live with the costs....
But cars DO depreciate, with very few exceptions.
I saw Gordon Ramsey on Top Gear talking about his LaFerrari. I imagine that cost a million new, and he could sell it for more today because they made very few.
Mass-produced cars ALL lose value. You have to decide what you want to drive and live with the costs....
I'd been looking for 15 and 65 reg Cupras for a few weeks on Autotrader.
There were 3, 65 regs around the £23K mark. They weren't selling very quickly. Some 15 regs around £22K.
One of the 65s was reduced to £22K and still didn't go. Finally it was reduced to £20K and it sold.
I eventually decided to go for a brand new 290 at the 0% PCP which SEAT were offering and the monthly payments were not much more than the payments for a s/hand 280.
There were 3, 65 regs around the £23K mark. They weren't selling very quickly. Some 15 regs around £22K.
One of the 65s was reduced to £22K and still didn't go. Finally it was reduced to £20K and it sold.
I eventually decided to go for a brand new 290 at the 0% PCP which SEAT were offering and the monthly payments were not much more than the payments for a s/hand 280.
"The average new car will have a residual value of around 40% of its new price after three years (assuming 10,000 miles/year) or in other words will have lost around 60% of its value at an average of 20% per year."
Source: the AA
Cupra is slightly more specialised but as SEAT shifts more motors it becomes less so.
Better off rental with a brand new car.
Source: the AA
Cupra is slightly more specialised but as SEAT shifts more motors it becomes less so.
Better off rental with a brand new car.
My insurance renewal valued my 10mnth old cupra @ £20k
Being a lease it didn't hurt, made me realise I'm quids in
Until you hand the car back and realise you paid all that money for nothing...
This doesn't matter unless you are thinking of keeping it for more than 3 years. Leasing and buying seem to break even at around 3 1/2 years so the loss you make from new when trading in is about the same as having leased for 3 1/2 years.
One negative about leasing is condition - you get hammered if there's dents, scratches, kerbed alloys etc. Other than that you get a new car every 3 years (on a 36 month lease)
.So why is it cheaper to lease? Because the lease companies can get a way better deal for new cars than you can.
BTW I bought mine from new.
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My FR has lost about £10k in value at two years old. I have just been looking at PCH deals for a BMW 320i xDrive automatic that works out at less than £13k over three years. I'm not sure that I would want to buy to own again with deals like that on offer.
Thats only really possible if you paid too much for it in the first place, a 20k FR180 is never only worth 10k at 2 years old
List price as specced was £23k+. I paid £22k and the trade in value is somewhere between £12k and £13k.
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what options did you spec ? the problem is the low trade in price, I looked at a 63 plate fr180 so it was 2.5 years old at the time and they would not budge on 15k
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