Discussion
How do people see future residuals of an M12 holding up in, say, 5 years time? I am thinking they *should* be quite strong due to the low volume of cars produced. What is the going price of one of the first M12's produced, and what would the list price have been at the time of purchase new?
Opinions please!
Eric
Opinions please!
Eric
How do people see future residuals of an M12 holding up in, say, 5 years time? I am thinking they *should* be quite strong due to the low volume of cars produced. What is the going price of one of the first M12's produced, and what would the list price have been at the time of purchase new?
Opinions please!
Eric
Well, as an example, the "first" (apparently, although I feel this is the second) Noble is for sale right now in the classified section of this site for £35,000! It would have cost £45,000-ish new. You can "do the math" on this, as they say, but remember that it may not make the £35K asked of it.
I feel that over 5 years, taking into account the fact that more and more Nobles will be appearing (OK to the max 200 per annum rule) we will see near-normal residuals for sports cars. I'd like it to be higher than normal as I plan to become an owner but commercial realities being what they are...
The first cars held their value very strongly for at least a 18 months. I recall trying to buy a 2nd-hander late last summer. It was very hard to find one, and when they came up for sale the prices were extremely close to list.
Perhaps the same thing will happen to the 'R' and the GTC when they come out.
If you look at Merc SL500's for example, they keep a minimum years wait list, and residuals are very high with new cars sell for more than list privately.
IMHO residuals are driven entirely by supply/demand. As long as Noble keep numbers low (which they have to), and the cars continue to get great reviews then prices will remain high.
What will really drive residuals is more pulic awareness of the cars. How many times do you get someone say 'what's that?'. Get a Noble driven by an A-list movie star in a blockbuster film and we'll all be laughing!
Perhaps the same thing will happen to the 'R' and the GTC when they come out.
If you look at Merc SL500's for example, they keep a minimum years wait list, and residuals are very high with new cars sell for more than list privately.
IMHO residuals are driven entirely by supply/demand. As long as Noble keep numbers low (which they have to), and the cars continue to get great reviews then prices will remain high.
What will really drive residuals is more pulic awareness of the cars. How many times do you get someone say 'what's that?'. Get a Noble driven by an A-list movie star in a blockbuster film and we'll all be laughing!
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