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pdc41

Original Poster:

26 posts

21 months

[news] 
Monday 1st October 2012 quote quote all
So I can expect depreciation between 3k to 15k per year
thats really helpful

Thanks

pdc41

Original Poster:

26 posts

21 months

[news] 
Monday 1st October 2012 quote quote all
I think given all the posts I reconsider and aim for manual

With more mileage

Thanks all for advice


bogie

10,057 posts

155 months

[news] 
Monday 1st October 2012 quote quote all
if you buy something with avg miles, and buy private from a motivated seller then you might not lose any depreciation if you only add 10K miles to it

if you buy from a dealer, with their £5K margin in, and a low miler (pay a premium for that) and then trade in at bottom book price to another dealer ...well you could lose 2 x £3K-5K margins and a few grand for the extra mileage

low milers look good when you buy, and you pay more for them, but all it is really is a chance for you to pay new car depreciation again when you actually use it ......

Lunablack

3,473 posts

45 months

[news] 
Monday 1st October 2012 quote quote all
My costs are somthing like this.....owned car for 18 months...

06 V8V coupe, manual, with a few extras
Bought privately at 12000 miles for £38k.... Now on 20,000 miles
Had 2 Indy services... At give or take £500 each...
1 set of rear pads £150
2 new rear tyres £500

Car isn't for sale, but if it was I'd like to think I'd get £33k in a private sale...

I'll soon be needing 2 new front tyres £500

smile

johng39

2,687 posts

43 months

[news] 
Monday 1st October 2012 quote quote all
Jockman said:
Sometimes, Cockernee, the real damage caused by your ownership period is less visible - that car will certainly have needed counselling and is probably still experiencing the odd panic attack whenever it hears words like 'wotcha' or 'cor blimey' yes

Oh...and it probably needs a new engine too wink
Only ever thrashed every time it was warmed up first wink
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theno23

839 posts

93 months

[news] 
Monday 1st October 2012 quote quote all
I got a late 08 coupe, with low mileage, and I should have got a higher milage one ideally - I had all the classic faults in the first 6 months. On the other hand it was exactly the spec I was looking for, so I put up with it being in the shop a lot.

I also live in London (near Waterloo) and I expect you'd prefer a manual. The sport shift is pretty bad around town. When (not if!) the clutch gives out, get the multiplate Bamford Rose clutch, it's much better than the stock one, especially in slow traffic.

AdamV8V

608 posts

39 months

[news] 
Monday 1st October 2012 quote quote all
I bought a 2006 (56) V8V Coupe (Tungsten, usual extras) for £40k in March 2011 and sold it exactly a year later for £35k. I spent a bit on it during the year (N400 side sills, clear lights) so call it £6k depreciation over 12 months.

I'd say this about average for a car of this value? Note that it was traded in for another though, which may have inflated residual. They sold it the next day!

Got it serviced at Nick Mee during the year for £900, and that was pretty much it outside of petrol, insurance etc.

Hope this helps. Now get it bought.

v8woollie

4,135 posts

28 months

[news] 
Monday 1st October 2012 quote quote all
I'm considering using Nicholas Mee. To save derailing this thread could you PM me with your views on their service. Or alternatively we can chat on the 9th if your going.

yeti

10,133 posts

158 months

[news] 
Monday 1st October 2012 quote quote all
v8woollie said:
I'm considering using Nicholas Mee. To save derailing this thread could you PM me with your views on their service.
Derailment is fun if you're not on the train smile

Nice Mee's are great, Andrew really knows his stuff, a top notch tech and all-round good egg. Not cheap (central London + Heritage status) but what you'd expect from a London indie.

pdc41

Original Poster:

26 posts

21 months

[news] 
Monday 1st October 2012 quote quote all
So perhaps my question should have been...how much for the following

2008 dec
Metorlite coupe
5k miles
Sat nav
19inch 7spoke wheels
Sportsshift
Dark grey leather
Imacuate honest

michael gould

4,822 posts

124 months

[news] 
Monday 1st October 2012 quote quote all
The best piece of advise I can give you is .......there will always be a better deal to be had on another car in 1 weeks or 4 weeks time.......if your really worried about depreciation then don't rush into it and do your homework......if your buying from a dealer you will probably drop 8-10 k in the first year on a 2008 car ....if you buy privately probably half that

Good luck....and remember half the fun of ownership is the looking and finding the right car

Richales

185 posts

88 months

[news] 
Tuesday 2nd October 2012 quote quote all
Go for a Manual.... and a Roadster - much more noisy/fun.... and save some depreciation by getting a low miles 2007 car..... and buy mine!!! ;-)

jonby

2,305 posts

40 months

[news] 
Tuesday 2nd October 2012 quote quote all
johng39 said:
yeti said:
jonby said:
whatever depreciation you're banking on............double it ! :-)
Not necessarily. I doubt I have lost very much on mine, mods aside. Buy the right age car at the right time of year and you can be OK.
I am sure Jonby is pulling your leg a little, but it is not true ..... I bought a V8V 3 years ago (07) and lost £6K over 2 years selling it to a dealer and it needed a front end spray and new tyres, so it could be argued only £4k depreciation. If you banked on £3K per annum for sensible mileage on that age vehicle, that would be close. Certainly not £6K per annum. My 3 year old V12V is still selling for what I paid last year on the forecourts. No doubt selling it to a dealer I would take a £6K pill, but if you buy right you will not suffer as much as someone who buys new obviously.

What you will see from the responses since my post is that there are a real variety of experiences from owners, ranging from pretty mild depreciation to absolutely savage. As John says, the key is to buy it right - the right car, the right time of year and following some shopping around, the right deal from the right dealer.

There seem to be quite a few stages of big depreciation in a short space of time early on. As a result, whenever you think surely the biggest hit has already taken place, you can get caught again - Astons, like many cars in this sector, can be very mileage sensitive, though luckily not as much so as Ferraris

At the age you are buying, of course you stand a much better chance of less savage depreciation. But as others have said, whilst it's important to all owners to an extent, if depreciation is an important issue, tread carefully...there are some real horror stories out there but mainly on newer cars or cars that cover big miles

I'd concur with some of the other views about shopping around. When I traded in my last car, I was offered £13k more by one dealer than another, in both instances against a new V12VR which has effectively nil discount so they were comparable deals. What is really amazing is both dealers were part of the same delaership group. It was down to their individual stocking levels at the time and how they saw the car - as it wasn't a 'boring black/silver/grey' car, one dealer saw it as a potential issue, the other a benefit. Mileage at 13kish on an 18mth old car put one dealer off more than the other. I eventually persuaded the dealer that offered less initially, to match the deal (they were much closer to me hence my pushing) but I wouldn't have pushed so hard without the strength of the other offer


yeti

10,133 posts

158 months

[news] 
Tuesday 2nd October 2012 quote quote all
Wise words yes

pdc41

Original Poster:

26 posts

21 months

[news] 
Tuesday 2nd October 2012 quote quote all
All

Thanks once again for the help and advice

What I can not now get my head around is what is a "good deal".

The price spreads on age and millage seem large, with no common denominator

So I see £42-52sk for this age car, and it seems millage is the only real difference (give or take some colour specs)

This is also trade, as little private on the market

Parkers etc also seem to offer a little help

Anyway, I think the take the time is the best advice - thks once again to all

V8VAF

5 posts

31 months

[news] 
Sunday 7th October 2012 quote quote all
Get over the depreciation issue and just buy it ! Either you want an Aston or you don't.I have had my 4.3 Vantage for nearly a year and it was the best decision I ever made.Every time I open the garage door I have to give myself a kick to remind me I own that car.Until you own one you won't know how that feels.Of course there is a financial burden but were are talking about an Aston Martin !
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