Depreciation, how far still to go?
Discussion
BigsimonY said:
scdan4 said:
Surely the answer is an AMG - if you like that one and its too expensive, find one that isn't. Spend less than on the other 2 and be left with a bork fund?
so your thinking of say thishttp://www.autotrader.co.uk/classified/advert/2014...
and keep 5k in a borkfund?
What about an E34 M5? They've bottomed out value wise, and I can only see nice examples appreciating in value if the E28 is anything to go by?
As everyone else said it looks like you've listed three overpriced examples, as I'm sure a couple of years ago a those cars were all £5-7K at a dealer, even the RS6. The RS6 I'd stay away from as those things are more likely to be really expensive trouble. I think owning an RS6 is like gambling at a high stakes poker table, but you may be lucky.
I think other performance cars right at the bottom of the depreciation curve include the E46 M3, E39 M5, Porsche 996, 986 Boxster, etc. Really any car in good condition made from 1996-2000 isn't going to get significantly cheaper. However with a really expensive car, the repair bills could take away any advantage of no depreciation. I guess it depends on you and the level of risk you're comfortable with.
I think other performance cars right at the bottom of the depreciation curve include the E46 M3, E39 M5, Porsche 996, 986 Boxster, etc. Really any car in good condition made from 1996-2000 isn't going to get significantly cheaper. However with a really expensive car, the repair bills could take away any advantage of no depreciation. I guess it depends on you and the level of risk you're comfortable with.
BigsimonY said:
scdan4 said:
Surely the answer is an AMG - if you like that one and its too expensive, find one that isn't. Spend less than on the other 2 and be left with a bork fund?
so your thinking of say thishttp://www.autotrader.co.uk/classified/advert/2014...
and keep 5k in a borkfund?
Your bork fund could come in useful if rust starts coming through the wings. Some do some don't. But to have £1k on hand to tidy it up after 18 months might be sensible. Same if the gearbox decides to pop. And you might find you need need a couple of balljoints and a set of dampers.
Otherwise a nice simple, old school AMG.
Of you were open to a late model 540i sport I was considering selling mine, would rather it went to a PH'er as despite having fixed pretty much everything that ever goes wrong...only issue is I've covered about 3k miles this year or 800 since August!
ETA was wanting significantly, significantly less than your budget!
ETA was wanting significantly, significantly less than your budget!
BigsimonY said:
scdan4 said:
Surely the answer is an AMG - if you like that one and its too expensive, find one that isn't. Spend less than on the other 2 and be left with a bork fund?
so your thinking of say thishttp://www.autotrader.co.uk/classified/advert/2014...
and keep 5k in a borkfund?
Why would you not buy that if you were looking to buy something like it.
5 K in the pocket negates the depreciation worries entirely surely?
aka_kerrly said:
Genuinely rare and more unusual car that only those who know about Alpina will "get" everyone else will wonder if it's a BMW with extra badges and not appreciate half of what makes it so much better.
TBH, most people, petrolheads included will assume its a £800 W Plate BMW with replica Alloys. Every single time I see a BMW wearing Alpina wheels or badges I automatically assume it is a fake and I imagine most people who know what the badge and wheel design represent would do the same. Funnily enough, I am not often wrong with my assumption. I know that this isn't strictly a What car thread, but I'm got to suggest you have. With 354BHP the old E55 was a fast car back in its day. With 469BHP (more likely to bee ~500BHP in the real world) the newer E55 IS a fast car. Plenty available for the £10k budget.
Edited by 279 on Friday 19th December 19:04
Thanks for the input guys. I think I'm going to go for the AMG at 4k and keep a bork fund. It suits my needs and will be plenty fast for me. I will be really looking after it and not putting big miles on it, so hopefully won't lose money. With a good bork fund it will need for nothing
Edited by BigsimonY on Friday 19th December 20:09
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