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100 IAN

Original Poster:

413 posts

47 months

[news] 
Wednesday 13th June 2012 quote quote all
I know that no one has a crystal ball, but lease companies must factor in the predicted resale value of a car as part of their calculation.

Is this information available somewhere for the likes of you and me?

It would be good to know when deciding what car to buy next whether one is expected to depreciate significantly more than another.

greggy50

3,920 posts

76 months

[news] 
Wednesday 13th June 2012 quote quote all
What car normally give a estimated depreciation value for first 3 years when they test a car
Common sense can let you see it though just look at older models of the car you are buying and what they are selling for smile

Codswallop

4,380 posts

79 months

[news] 
Wednesday 13th June 2012 quote quote all
As greggy50 said, What Car mag have a depreciation calculator on their site based on industry guides of some sort.

http://www.whatcar.com/car-depreciation-calculator...

McSam

5,464 posts

60 months

[news] 
Wednesday 13th June 2012 quote quote all
Might be a bit too far down the line for you when you're just trying to compare cars, but I expect the most accurate data you're likely to find is that the manufacturers themselves have. When you're taking out a PCP or whatever sort of finance deal gives a buy-back option at the end, the dealer will be able to quote a guaranteed minimum value for the car based on your mileage, its spec, etc. This is their best guess of what it'll be worth at the end of the term.

100 IAN

Original Poster:

413 posts

47 months

[news] 
Wednesday 13th June 2012 quote quote all
This is the type of thing, but i'm looking at a 3-4 year old car and want to know what it might be worth in 2-3 years time.

'What Car' calculator only gives figures for 1st 4 years and also only lists LR Discovery 4 SDV6 model not TDV6 (?)

Codswallop said:
As greggy50 said, What Car mag have a depreciation calculator on their site based on industry guides of some sort.

http://www.whatcar.com/car-depreciation-calculator...
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greggy50

3,920 posts

76 months

[news] 
Thursday 14th June 2012 quote quote all
Just look at auto trader its common sense...

08 plate discovery's with circa 50k miles seem to be around 17 - 18k for a okay spec
05 plate discovery's with circa 80 - 90k miles seem to around 10 - 11k for a okay spec

These are both Diesels of the same model (2.7 discovery 3) so therefore can assume expect to loose around 6 - 7k over 3 years based on around 12k miles per year

If you are concerned about depreciation probably better to start off with a clean 06 plate car for around the 12 - 13 mark will most likely loose less then as prices calm down in terms of depreciation first few years may be able to get one for around 12k and flog on for 8,500 after 3 years or something smile
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