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Thread: cant believe how much they drop

  1. #1
    Regular Member chris1804's Avatar
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    Default cant believe how much they drop

    cat believe how much my cars lost in 5 years from new parkers say brand new £16.000
    now a shocking £2.830 (50.000miles) shocking

  2. #2
    Regular Member markm's Avatar
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    Could be worse , my boss has a 2005 M5 . Cost him 64k now worth 20k lol

    His nick name is the depreciator !!

  3. #3
    Regular Member SignumPhil's Avatar
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    Aye, same here. 3.0 CDTi Signum Elite.
    £27K new
    bought at 9 months old for £15k
    Now, at 60,000 miles, I've been quoted £2.5K trade in.

    There y'go.

    Phil

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    Mine wasn't quite that bad from what i paid when i first got it, but its the main reason why i have decided to keep it, and start doing all the mods to make it the way i like it.

    Unless something goes hideously wrong in the next few years i can see my SRI being with me for a long time to come.

    Rgds
    Aidi

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    This is why i don't buy a brand new car... because quite clearly i could not afford one cash lol...
    & i refuse to do finance, don't own a credit card either... i had 4k cash in my 06 xp elite 12 months ago

  6. #6
    Admin & Server Techy Ian-Highlander's Avatar
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    Yeah I bought mine for about £22k and the second I drove it off the dealers forecourt it was only worth about £16k lol
    "Doing a good job here is like wetting your pants in a dark suit, you get a warm feeling but nobody else notices"
    Maptun Tuned 2.0T Estate - click HERE for mods list.
    Brentwood 2012: Winner, Saturday Show. Hull 2012: Winner, Best Estate. Hull 2013: Winner, Best Estate & Runner Up, Best I.C.E

    Now Gone, bring on the Insignia (now "Teapot" Tuned)...

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    Regular Member chris1804's Avatar
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    biggest mistake i have ever made was having a loan for £10000 for a mini , then ened up getting rid of it for a megane (found out wife was pregnant) then the megane was to small trading that in for a picasso , then ended up with the vectra, all in all ive lost 5k, should of brought athe vectra in the first place, saying that i should of never got rid on the vectra b lol

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    Regular Member markj23's Avatar
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    paid 55k for a bmw 740 with all the toys 1996 got 18k for it in 1999 never again

  9. #9
    Regular Member hutch's Avatar
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    55k?????? on a beemer???? are you mad??????????????????????????

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    my daughter has just traded her 8 year old base model Ford KA, cost new £5k (in fact when the new KA came out you could get base models for 5K again) she got £1k - 80 % depreciation in 8 years. or £500 per year if you look at it in hard cash terms. Probably the best depreciation levels are at the bargain end of motoring. My Astra CDTI sri sporthatch cost £14k new - a bargain I thought, 2 1/2 years later traded for £8k. lost 6 k in 30 months, about £2400 per year. Thank god I didnt pay list price of 18K plus metallic ect...

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