04 CV8 Residuals
Discussion
I'm seriously pondering purchasing one for around £15k but before I do I'd just like to get an idea of what it's likely to be worth in 3 years time. Am I looking at it dropping another 50% or will rarity and petrolhead interest (well more than something like a 540i anyway) keep the prices bouyant?
I know it's difficult to predict but do any dealers have any ideas?
Cheers in advance for any help.
Mackie
I know it's difficult to predict but do any dealers have any ideas?
Cheers in advance for any help.
Mackie
I was thinking that £10k was a reasonable expected value. I guess I could inquire about balloon finance and see what those guys estimate.
Just out of interest what kind of costs would I be looking at for replacement disks/pads both for a standard V8 and a VXR (the Monaro I've got my eye on has VXR brakes).
Just out of interest what kind of costs would I be looking at for replacement disks/pads both for a standard V8 and a VXR (the Monaro I've got my eye on has VXR brakes).
its a question of supply and demand. i think as they go in to the mid teens the demand may increase as a wider range of people realise that for the same price as an older TVR or mainstream motor they can have a proper 350bhp GT with the legendary Corvette v8.
i think residuals as good as almost anything of a similar age although urgent sellers of higher mileage or less well maintained cars will drive price down.
I think the Monaro is likely to be less affected by the new saloon than the imported HSV GTR's running about.
Bennno
Thanks for your replies guys.
I'm reeeeaaallly tempted but my head is saying no. Please convince me that moving from 1.7 to 5.7 litres is a good idea and that I won't regret it. I can afford it but obviously I'm going to have less money left over after paying for loan, fuel and servicing compared the the Fiesta in drag I currently have (£12 for a brake disk anyone?). Will I miss that money or will I just look out of the window, smile and know it was worth it?
God I sound insane :P
Cheers,
Mackie
I'm reeeeaaallly tempted but my head is saying no. Please convince me that moving from 1.7 to 5.7 litres is a good idea and that I won't regret it. I can afford it but obviously I'm going to have less money left over after paying for loan, fuel and servicing compared the the Fiesta in drag I currently have (£12 for a brake disk anyone?). Will I miss that money or will I just look out of the window, smile and know it was worth it?
God I sound insane :P
Cheers,
Mackie
mackie1 said:
Will I miss that money or will I just look out of the window, smile and know it was worth it?
No, you will look out of the window and see people smile at YOU and know it was worth it. If you are shy then don't buy one because you will get lots of people looking at your car and wondering what the hell it is.
Just go out, find a dealer with one in and listen to to the engine. My bet is that this will convince you
And the money? Who cares!!
Oh, and point me to a Fiesta that sounds as good as this!
Edited by GSI_Daz on Monday 21st August 20:47
My plan, when I finally get my hands on a Monaro, will be to run it as a toy. I'll buy an every day, reliable but cheap runabout to get to work and back. That way, the running costs )ie fuel) for the Monaro won't be too scary, I'll be able to keep it immaculate (she'll be kept under a cover in the garage and I'll make sure I say goodnight to her before lights out!) and every journey I take will be for pleasure (as opposed to the pain of commuting).
I was thinking what would make a suitable hack, and I reckon a turbo diesel Omega. It's a kissing cousin of the Monaro, not bad looking, reliable, nicely built and still rear wheel drive.
The only downside to all this will mean the departure of my much loved 300zx (and Capri) although the Monaro will make up for it in spades.
I was thinking what would make a suitable hack, and I reckon a turbo diesel Omega. It's a kissing cousin of the Monaro, not bad looking, reliable, nicely built and still rear wheel drive.
The only downside to all this will mean the departure of my much loved 300zx (and Capri) although the Monaro will make up for it in spades.
Edited by Twin Turbo on Monday 21st August 21:34
This will be my only car but then I only do about 10k miles a year which makes the fuel bill manageable (budgetting about £150/month).
I'm not poo pooing your idea but I think it'd be a shame to keep a 'ro as a fair weather toy. It's a GT muscle car and should, well... Grand Tour
Why not get the 'ro as a daily driver and get a V8 Dax Rush as a toy?
(again, not poo pooing
I'm not poo pooing your idea but I think it'd be a shame to keep a 'ro as a fair weather toy. It's a GT muscle car and should, well... Grand Tour
Why not get the 'ro as a daily driver and get a V8 Dax Rush as a toy?
(again, not poo pooing
I keep the Monaro for weekends and spend my 3hr round trip commute through 20 miles of traffic in a Honda Civic diesel. I see no point sitting in a Monaro when the average speed is around 10mph through the rush hour queues. Far better to take it out at the weekend and use it for fun - I'll never get bored of it and every time I step into it it makes me smile. Doubt I'd be saying the same if I used it every day for the commute I've got.
When I had my Fiesta XR2i and my Wife a Metro GTA (no laughs please) a mechanic suggested they were in different leagues as far as power was concerned.
I think comparing a Fiesta to a Monaro is similar in that the Monaro costs shed loads to run, especially petrol. The insurance is huge as the car is group 20 and it is not overly economical on tyres.
Servicing costs is standard vauxhall as is repairs, etc.
When I chose the Monaro I looked at the ownership costs of say a BMW 3 series or Porsche which both have similar power (ish). In comparison to these sort of cars the Monaro would take around 10 years to be the same cost as a new BMW 3 series which with all the fun seemed a good buy.
Going to the petrol station is still painful though. Go for it, I still smile every time I start up
I think comparing a Fiesta to a Monaro is similar in that the Monaro costs shed loads to run, especially petrol. The insurance is huge as the car is group 20 and it is not overly economical on tyres.
Servicing costs is standard vauxhall as is repairs, etc.
When I chose the Monaro I looked at the ownership costs of say a BMW 3 series or Porsche which both have similar power (ish). In comparison to these sort of cars the Monaro would take around 10 years to be the same cost as a new BMW 3 series which with all the fun seemed a good buy.
Going to the petrol station is still painful though. Go for it, I still smile every time I start up
I have a Puma, not a Fiesta, but yes it's basically a Fiesta with a jazzy engine and different body
Yeah I know it'll cost more to run, but there can't be many cars much cheaper to run than the little ford.
Insurance is pleasingly little (well it's double the Puma but then the Puma is really cheap) so it's only really the tyres and fuel I have to worry about. Then again a Focus ST (another on my shortlist) isn't *much* better on fuel and has 18in tyres too and is slower so the 'ro aint looking so bad from that PoV either.
I think I'll have to investigate the financing tomorrow and it's it all ok then I'll go for it
Yeah I know it'll cost more to run, but there can't be many cars much cheaper to run than the little ford.
Insurance is pleasingly little (well it's double the Puma but then the Puma is really cheap) so it's only really the tyres and fuel I have to worry about. Then again a Focus ST (another on my shortlist) isn't *much* better on fuel and has 18in tyres too and is slower so the 'ro aint looking so bad from that PoV either.
I think I'll have to investigate the financing tomorrow and it's it all ok then I'll go for it
Once you have the basics covered money should be enjoyed you're a long time dead and my son can earn his own money. Caution: you should budget for mods though, I do not think you will find anybody on this forum with a totally standard car.
As for daily use I agree it makes the commute enjoyable, relaxing and fun when you want to prove a point to a Jag driver who does not understand the difference between a small and a big V8. I can also see the point of a more normal car if your commute is stop start heavy traffic.
But if you've already had a test drive I'm afraid its already to late for you, welcome to the club.
As for daily use I agree it makes the commute enjoyable, relaxing and fun when you want to prove a point to a Jag driver who does not understand the difference between a small and a big V8. I can also see the point of a more normal car if your commute is stop start heavy traffic.
But if you've already had a test drive I'm afraid its already to late for you, welcome to the club.
barking - that's such a good point. Believe it or not, I've STILL not had a test drive in a Monaro. I just know when I do I will want one even more than I do now.....but I need to let me head rule my heart for a while and make sure I'm financially ready (I'm facing redundancy by the end of the year, so I need to get my next job lined up before committing to a new car).
But the waiting is agony
But the waiting is agony
Well I'm 27, am on the property ladder and can easily afford the mortgage and bills so feck it Ultimately if I think it's costing me too much I can just sell it and get something less thirsty.
Assuming I'm happy with the car (hopefully going to see it tonight) I'm just waiting to hear back from finance company and then it's all systems go.
PS. Can anyone on here do gratis HPI checks? (cheaky I know but if you don't ask...)
Ultimately if I think it's costing me too much I can just sell it and get something less thirsty. Assuming I'm happy with the car (hopefully going to see it tonight) I'm just waiting to hear back from finance company and then it's all systems go.
PS. Can anyone on here do gratis HPI checks? (cheaky I know but if you don't ask...
) i was in a dilema over cv8 or hsv gts for some time.
think a good gts will hold most of its value now and will be a better buy than the cv8? the real desiding factor was i really wanted a HSV oposed to liking the CV8 - all to do with the stealth aspect really over anything
have had loads of toy cars (indeed still have a kit car) but made my mind up to buy and run a fun car as a day to day car - too much fun is wasted if you dont - servicing costs are very cheap in comparision to a porsche etc (800-1200 at least every 10,000m) as are tyre costs. So its only fuel costs - i dont smoke - thats my excuse - i buy petrol instead to keep the economy going :-)
think a good gts will hold most of its value now and will be a better buy than the cv8? the real desiding factor was i really wanted a HSV oposed to liking the CV8 - all to do with the stealth aspect really over anything
have had loads of toy cars (indeed still have a kit car) but made my mind up to buy and run a fun car as a day to day car - too much fun is wasted if you dont - servicing costs are very cheap in comparision to a porsche etc (800-1200 at least every 10,000m) as are tyre costs. So its only fuel costs - i dont smoke - thats my excuse - i buy petrol instead to keep the economy going :-)
Yeah I used to own 3 cars. Insurance, MOT, Tax etc all adds up. Best just to have one car to rule them all! Spend the extra 30% on fuel and be happy driving it all the time.
If you cant afford the fuel, then you probably should look elsewhere. It will do 30mpg on a tame motorway cruise and get maybe 400miles to a tank. But if you drive it like it should be you might not even get 300 miles from your £60 tank. Just dont go and get hammered at the pub, or cut that holiday one day short. Or put off that 42" plasma another 6 months etc.
There are ways to deal with the issue.
Bottom line is once you own it you will love it. Ive not seen anyone say anything different even when they have to sell for family, relocation or other reasons. Just take care you can pay the fuel costs right the way through. They are not that bad.
If you cant afford the fuel, then you probably should look elsewhere. It will do 30mpg on a tame motorway cruise and get maybe 400miles to a tank. But if you drive it like it should be you might not even get 300 miles from your £60 tank. Just dont go and get hammered at the pub, or cut that holiday one day short. Or put off that 42" plasma another 6 months etc.
There are ways to deal with the issue.
Bottom line is once you own it you will love it. Ive not seen anyone say anything different even when they have to sell for family, relocation or other reasons. Just take care you can pay the fuel costs right the way through. They are not that bad.
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