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Shocking depreciation
- Thread starter cupraboss
- Start date
You can't buy a car these days without losing money, there may be the odd car that keeps its value well- mk2 focus RS to name one, but it's rare. Fortunately I got my 280 at the point which dealers started to sell them at the prime value so hopefully depreciation won't impact too much. I can't help think though that the dealers want the values to plummet for our private sales so we all get PCP or lease deals, that way they ultimatley retain ownership of the car.
I seem to remember the same sort of figures at the time I bought my Leon in March 2015 but current Whatcar retained residual values effete 3 years are showing as 36/37% so a drop of 9/10% which is probably due to to the VW emissions scandal which has had a knock on effect
had afew of these "pop-up" showrooms in Milton keynes shopping centre.
Mini, BMW...they just clean up an empty shop unit and stick some cars in there for a week or so.
The Merc idea was for something like 6 or 10 regional centres.
They would be owned by MB UK, not a dealer.
They'd collect and redeliver your car in about a 50-80 mile or so radius, and have a huge showroom.
Definitely remember reading about it but it just never happened. Maybe they realised they needed the dealers more...
Lowest depreciation I have ever had was Triumph Spitfire I bought in 1979. 2 weeks old and the owner got a new job with company car so it had to go, he had only driven it from the dealer and parked it in his mothers garage. He paid £3400, I paid him £2650, almost 25% discount. Kept it 2 years and sold it to a very dodgy looking hairdresser (for his wife?) for £2500. £150 drop in 2 years with no repair costs, cheap motoring.
Most I have lost on a car was a BMW which dropped £12000 in 5 years. Not that bad really.
Realistic private sale value of my 1.4 TSI is probably about £9000 at present (the ones I have seen for sale have been way more than that), paid £15000 when I bought it almost 3 years ago, very happy with that.
Most I have lost on a car was a BMW which dropped £12000 in 5 years. Not that bad really.
Realistic private sale value of my 1.4 TSI is probably about £9000 at present (the ones I have seen for sale have been way more than that), paid £15000 when I bought it almost 3 years ago, very happy with that.
In December, webuyanycar quoted me at £13,000 for my 2014 1.4FR. Today, less than a month later its now £12,100.
Its probably about a 43% depreciation within two years, with 50% due around 2 years and 2 months. If I couldnt handle depreciation I wouldnt buy a car, but the figures still dont make for pleasant viewing!!
Its probably about a 43% depreciation within two years, with 50% due around 2 years and 2 months. If I couldnt handle depreciation I wouldnt buy a car, but the figures still dont make for pleasant viewing!!
I seem to remember the same sort of figures at the time I bought my Leon in March 2015 but current Whatcar retained residual values effete 3 years are showing as 36/37% so a drop of 9/10% which is probably due to to the VW emissions scandal which has had a knock on effect
Why should the buyer of the NEW car take such a Hit.....
There all far too much new & i dont care about the VAT aspect either.
If the VAT as i have known for quite some time just drops from a New Cars Value the
very minute you leave the dealers then its bloody hard lines mind...
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