Bentley Continental GT Depreciation and servicing costs???

Bentley Continental GT Depreciation and servicing costs???

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Discussion

L33

Original Poster:

3,468 posts

223 months

Thursday 20th March 2008
quotequote all
Hi.
I'm considering lots of options for a new car at the moment.
My preferred option is currently a Porsche 911 C4S (sorry to swear on this forum).

I do however like the Bentley Continental GT. If I were to purchase an early-ish example (04 plate) for about £60k, how much depreciation would I be likely to loose yearly when using the car as an every day car, covering approx 12k miles per year?

It might appear a daft question but although the fuel and insurance bills will be more than a 911, if depreciation is less, the GT might actually work out more cost effective to run. As I said, no decisions made yet, I'm just considering all my options.

Also, can anyone advise what servicing costs are likely to be? I wouldn't bother with main dealer but a good, adequetly equipt independant.

Many thanks,
Lee.

BadRedWedge

3,450 posts

227 months

Tuesday 25th March 2008
quotequote all
Hi Lee
My Grandad runs a GT and has done for the past few years, he gets discount with his Saga card, he has had a Stannah lift fitted so he can get in and out of it with ease.
To be honest you cant go wrong it even has a glass holder for his teeth and his colostomy bag just fits in the door pocket. All in all a great buy.......



IF you are my Grandad biggrin

Trickie Dickie

2,399 posts

233 months

Tuesday 25th March 2008
quotequote all
L33 said:
Hi.
I'm considering lots of options for a new car at the moment.
My preferred option is currently a Porsche 911 C4S (sorry to swear on this forum).

I do however like the Bentley Continental GT. If I were to purchase an early-ish example (04 plate) for about £60k, how much depreciation would I be likely to loose yearly when using the car as an every day car, covering approx 12k miles per year?

It might appear a daft question but although the fuel and insurance bills will be more than a 911, if depreciation is less, the GT might actually work out more cost effective to run. As I said, no decisions made yet, I'm just considering all my options.

Also, can anyone advise what servicing costs are likely to be? I wouldn't bother with main dealer but a good, adequetly equipt independant.

Many thanks,
Lee.
Hi Lee

Basically if you are worried about depreciation then Bentley are not for one
If one has to ask how much they are for one to buy from new, then also they are not for one

Unless you are on "Premiership Footballer" income or vulgarly have won the lottery
one would be better sticking your Wedge into something with an RV8
or even having an RV8 in a Wedge.

Hope this helps one

Lord TD


BadRedWedge

3,450 posts

227 months

Tuesday 25th March 2008
quotequote all
Trickie Dickie said:
Hi Lee

Basically if you are worried about depreciation then Bentley are not for one
If one has to ask how much they are for one to buy from new, then also they are not for one

Unless you are on "Premiership Footballer" income or vulgarly have won the lottery
one would be better sticking your Wedge into something with an RV8
or even having an RV8 in a Wedge.

Hope this helps one

Lord TD
heheroflwhistle

L33

Original Poster:

3,468 posts

223 months

Tuesday 25th March 2008
quotequote all
Yer - thanks guys.
It was actually a serious question. If I can pick up for £55k and not loose a great deal on it, its a go-er.

Insurance is "only" £1,100 and petrol I can just about live with. Loosing £7k a year depreciation, I can't!

If depreciation has now settled to only say... £2k a year, then I'd love a GT.

I know its not wedge shaped, but it is a Bentley...

smile

Edited by L33 on Tuesday 25th March 16:27

pwd95

8,382 posts

237 months

Tuesday 25th March 2008
quotequote all
yikes...Holy Crap Sinden, you robbed a bluddi bank or summin???

L33

Original Poster:

3,468 posts

223 months

Wednesday 26th March 2008
quotequote all
pwd95 said:
yikes...Holy Crap Sinden, you robbed a bluddi bank or summin???
No, but something like that (or so it feels).
thumbup

dazren

22,612 posts

260 months

Wednesday 26th March 2008
quotequote all
Er, you want a £55k buy in and and £2k a year depreciation. Can't see it happening with anything other than a classic.

BadRedWedge

3,450 posts

227 months

Wednesday 26th March 2008
quotequote all
Lee it will loose 2K or alot more, the first time you dont take it to a main dealer, for a service.

Ever thought of a Jellycopter ?

And anyways up, I dont care what you buy, but if it aint a Wedge............ You will still have to park around the back hehe

pwd95

8,382 posts

237 months

Wednesday 26th March 2008
quotequote all
Can't believe we're chatting on the Rolls Royce & Bentley forum hehe

Anyhow have a look in here boyo.....

http://www.pistonheads.com/sales/list.asp?s=188

& give me a shout when you get one coz I want a go thumbup

L33

Original Poster:

3,468 posts

223 months

Wednesday 26th March 2008
quotequote all
Very nice Wyn, but not for an everyday car - I'd get a little bit wet!
thumbup

BadRedWedge

3,450 posts

227 months

Wednesday 26th March 2008
quotequote all
http://search.autotrader.co.uk/es-uk/www/cars/BENT...


Your colour Lee

Edited by BadRedWedge on Wednesday 26th March 16:13

L33

Original Poster:

3,468 posts

223 months

Wednesday 26th March 2008
quotequote all
Very much so Daz - looks beautiful.
I'm still trying to get my head around the maths as I don't want to spunk some of my inheritance on depreciation.
thumbup

Balmoral Green

40,660 posts

247 months

Wednesday 26th March 2008
quotequote all
I would have thought an early Continental GT will be shedding around £4K a year in depreciation at least, and be costing around £2K a year for servicing and general maintenance.

pwd95

8,382 posts

237 months

Wednesday 26th March 2008
quotequote all
You could buy a Wedge every year & give it to me.....you'd be better off financially & you'd feel better coz you'd be making a genuine enthusiast very happy. biggrin


L33

Original Poster:

3,468 posts

223 months

Wednesday 26th March 2008
quotequote all
Balmoral Green said:
I would have thought an early Continental GT will be shedding around £4K a year in depreciation at least, and be costing around £2K a year for servicing and general maintenance.
Many thanks for your reply Balmoral Green - this was exactly the answer I was looking for. The servicing costs are more than I was banking on (I was thinking nearer £1k per year) and the depreciation is more than I can live with. It is frustrating being able to afford the car but not be able to stomach the running costs frown
I have lost a small fortune on my X5 over the past year and I don't intend on repeating it!

Maybe see what the Conti GTs are doing in a couple of years as I expect they will reach a certain value and will then depreciate very gratiously. In the mean time, what nice sub £50k motor can I buy that I can actually afford to run???

scratchchin

Edited by L33 on Wednesday 26th March 22:21

Kickstart

1,061 posts

236 months

Thursday 27th March 2008
quotequote all
Avoiding depreciation in a £50k modern doing 12k a year sounds rather tricky. I suspect the best way to minimise it would be to buy something cheaper - maybe a BMW E46 M3 or 996 spec carrera 2.

Alternatively why not buy a cheapist runaround and then something special for high days and holidays.

POORCARDEALER

8,523 posts

240 months

Wednesday 9th April 2008
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You are going to get a bill for £5K for repairs and servicing now and again

AngryApples

5,449 posts

264 months

Wednesday 19th June 2013
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Thought I'd reopen this

With GT's now sub 30k, interesting thread!