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Thread: Depreciation

  1. #1
    Regular Member redraptor_141's Avatar
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    Eek Depreciation

    I was curious about how much my car has dropped in one year today.

    ive owned it 14 months so far, not selling it mind you lol. going on average autotrader prices id be looking at getting about £2500-£3000 for it lol i bought it for £6995 last year from a dealer. i thought that was bad untill i saw this

    http://search.autotrader.co.uk/es-uk...leRegLetter=58

    lol thats allmost 50% of the value of the car! in less than a year! i now its slightly damage repaired but still lol . its definatly not 12,000 pounds worth of damage thats for sure lol.
    Last edited by redraptor_141; 23rd August 2009 at 18:28.

  2. #2
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    ye but if repair done properly then wont be a problem plus gettin it at half the price

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    On a Sabbatical
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    im struggling to see what the damage was

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    Regular Member Grahamy's Avatar
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    i still would'nt touch it. there never the same once its been wrote off

  5. #5
    Regular Member Readster's Avatar
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    If it looks too good to be true it probably is...

    I think I'm right in saying that a 70% loss over 3 years is about par for the course for VX et al.

    That is why 3 year old cars are good value.

    As for a repaired write off...I'd want an engineers report at least

  6. #6
    Regular Member m8internet's Avatar
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    Quote Originally Posted by redraptor_141 View Post
    ive owned it 14 months so far, not selling it mind you lol. going on average autotrader prices id be looking at getting about £2500-£3000 for it lol i bought it for £6995 last year from a dealer
    Depends on how many miles you have added to it in that year
    Equally, depreciation in one year on such a generic car is always horrendous

    If you think that's bad, I do about 30K miles a year, bought mine in Noiv 2006 for £11K and I reckon 3 years later with 100K miles mine will be worth £1000 on trade-in
    Anything more than that is a bonus, that's the way I look at it, after all mine has made it's money for me
    However, I don't plan to seel it in November so anything after that is in effect "free motoring"

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    Quote Originally Posted by Grahamy View Post
    i still would'nt touch it. there never the same once its been wrote off
    It hasn't been written off, cat D is only minor panel damage.

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