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Thread: How much is your car worth?

  1. #1
    Regular Member hothatch's Avatar
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    Vehicle : Insignia

    Trim : SRI NAV

    Engine : 1.6T 180 ECOTEC

    Year : 2012

    Default How much is your car worth?

    If you are thinking of changing your car and you found a nice one and its valued at £12,000. Only to be in shock how much you need to pay on top for that car, if you owned yours a few years and and spent thousand's modifying it.

    Brought my car in February 2008, cost me £11,000 for a months old car 11k on the clock, now July 2012, just over four years of ownership done 84,000 to date, and is part ex valued at £2500 - £3000 . Is it worth modifying the car, only to find out you are going sell it few years time and lose value on that as well hmmm.

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    Regular Member rockafella8587's Avatar
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    I think its just something that is part and partial of car ownership. I will still modify my cars even though i know i will never get the money back when i sell it. At least i get the enjoyment out of it if nothing else

  3. #3
    Regular Member patch22's Avatar
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    Regular Member sheepish's Avatar
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    I think I put this on another thread yesterday quoting my wise ol' mother, "never invest in a depreciable asset"...

    If you want a car that holds it value, get a classic???

  5. #5
    Regular Member Даниил's Avatar
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    Vehicle : Vectra C

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    no matter what car i have i just cant help myself but to modify it

  6. #6
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    I thought modding and personalising was all part of the fun, I havnt done much to my Sig as I havnt had it long but my old 2000 TL1000R m'bike has had approx 3k spent on it since I bought it and its worth approx £2500 max.

  7. #7
    Regular Member hothatch's Avatar
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    Vehicle : Insignia

    Trim : SRI NAV

    Engine : 1.6T 180 ECOTEC

    Year : 2012

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    lol, you do have a point. But next car i buy i will only do the wheels

  8. #8
    Ex Vec-C Admin Ian-Highlander's Avatar
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    Vehicle : Insignia Tourer

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    I bought the car new for £22k back in 2004 and in the last two years have spent £10k on modifications (not including servicing or replacement standard parts) and it's worth about £2500 or so to sell. It's safe to say I don't look on my car as an "investment opportunity".
    "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.
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    Now Gone, bring on the Insignia (now "Teapot" Tuned)...

  9. #9
    Regular Member hothatch's Avatar
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    Vehicle : Insignia

    Trim : SRI NAV

    Engine : 1.6T 180 ECOTEC

    Year : 2012

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    Quote Originally Posted by Ian-Highlander View Post
    I bought the car new for £22k back in 2004 and in the last two years have spent £10k on modifications (not including servicing or replacement standard parts) and it's worth about £2500 or so to sell. It's safe to say I don't look on my car as an "investment opportunity".
    Yeah Ian I remembered how much you spent on yours, with that price could of got a nice bmw lol.

  10. #10
    Regular Member Penfold101's Avatar
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    Quote Originally Posted by hothatch View Post
    Yeah Ian I remembered how much you spent on yours, with that price could of got a nice bmw lol.
    Meh - I'd need to spend upwards of 50 grand to get a BMW I'd actually want. My new Insignia was 32 grand list price but I shall have it for the 6 or 7 years it'll take me to use up the 100K warranty on it so it does have it's advantages. I can't see myself spending too much on mods as they'll invalidate the warranty in a lot of aspects, and usually lower the value even more...

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