Total amount of money lost on depreciation

[chuno]

Just looking at the other thread % of salary vs value of cars and got me thinking.

I know it's not the nicest of things to think about car ownership - but just thought we could have a little competition. Who has lost the biggest amount of money on cars over their lifetime on all of their cars? You can include any depriciation on your current car (based on an estimated value) Do not inclue any other costs - maintanance etc.

I'll go first - mine will be pathetic compared to some people, but over 8 cars and about 12 years i have lost about £18k

Edited by chuno on Tuesday 17th May 15:32

Edited by chuno on Tuesday 17th May 15:33

[Rawwr]

Escort: £3,995 > 0 - Loss = £3,995
Elise S1: £27,990 > £22,000 - Loss = £5,990
Elise S2: £23,500 > £16,000 - Loss = £7,500
340R: £17,995 > £18,500 - Loss = -£505
Ka: £3,995 > £2,500 - Loss = £1,495
Escort: £500 > £120 - Loss = £380
GSX-R600: £4,000 > £2,500 - Loss = £1,500
GSX-R750: £7,495 > £4,500 - Loss = £2,995
Fireblade: £7,700 > £6,510 - Loss = £1,190

Total loss: £24,540 (£1,752.86 per annum)

I really wish I hadn't worked that out.

[JohnnyRims]

In terms of depreciation not that much, possibly £5k over 8 years. If I was allowed to include maintenance though....

[Herbs]

Very Little thankfully - one of the benefits of changing your car a bit too regularly

[kambites]

Hmm, Corrado, about 2k, MG, about 0, Lotus, about 2k so far. The wife's Punto has probably lost around 1200.

So including the wife's car, 5200, excluding it 4000. That's in 13 years of driving.

[JohnnyRims]

Herbs said:

Very Little thankfully - one of the benefits of changing your car a bit too regularly

Yeah but you've got an impressive garage/history. If you've naturally drawn towards pre-2000 barges then looking to get rid shortly after buying would scream 'expensive problems' and no one would touch it with a bargepole. Recipe for some pretty serious depreciation.

[Herbs]

JohnnyRims said:

Yeah but you've got an impressive garage/history. If you've naturally drawn towards pre-2000 barges then looking to get rid shortly after buying would scream 'expensive problems' and no one would touch it with a bargepole. Recipe for some pretty serious depreciation.

Thanks but i've always done it ever since i passed my test whether it was Nova's, Escort XR3i's,Focus's, E39's, Suzuki Vitara (the shame ) so not just newer cars - in fact the best way i've found to do it is always buy cars 6-9 years old, avoid mainstream models and buy the best condition and best spec car you can regardless of where it is in the country.

[Crow555]

Punto SX 75 - £600 Sold for £225 - Loss = £375
Polo 1.4 CL - £2000 Scrapped against OH's car £3000 - Increase £1000
SEAT Ibiza 1.4 Sport - £4500 (Scrapped polo plus £1500 to OH) - Presently valued about £4300 so loss of £200.

Total = £425 up.

Thank you scrappage scheme.

[ipsg.glf]

I shudder to think.

8 BMW's, 3 Mercede's, 2 Vauxhall's, 1 Ford, 2 Skoda's, 2 Volvo's, - I reckon it must run to £60K easily.

[Council Baby]

Hmmmm
Vauxhall - £2,000
Audi - £3,000
Jeep - £11,500
S2000 - £7,500
350z - £8,000

£32k

Treble that for other associated costs I reckon.

Edit to add GAP insurance made up the shortfall on the S2000

[Marquis Rex]

E21 BMW 323i (red): Bought for £1000 sold for £400 (over 5 years) = -£600 (if I hadn't of emigrated I would have kept it longer and made money on it)
Porsche 928 S4: Bought for £10,400 sold for £7900 (over 6 years)= -£2500
1984 Mercedes 280 TE: Bought for £50 sold for £250 (over 1 year) = +£200
1994 VW Golf 1.9 TDi: Bought for 500 Euros sold for 650 euros to Poland= +150 euros (at the time= £100)
1991 VW Golf GTi G60: Bought for 2000 Euros sold for £2100 (3150 euros at the time) in the UK= +1150 euros= +£770
2004 Fiat Punto Dynamic: Bought as an ex R and D benchmark car for 1300 euros, sold for 4500 euros= +3200 euros= +£2133

Net= +£103

Guess I haven't lost much. I didn't realise how much I focused on depreciation when buying cars. You can focus on fuel economy and mpg all you want, buying a newish diesel with ipod compatible 'mobile office' interiors and be accepted amongst the trendies, or you can have fun with older cars that drink more and depreciate very little and arguably have more fun.

[x type]

44 cars so far over the years

average loss £2500



made £250 on a ford escort way back in 1985

[cptsideways]

I must have owned 50+ cars, I've only ever lost money on 3 of them! two of which were Rovers

[sjabrown]

Yaris £3000 to £2500 = £500 loss over 18months
Yaris £4000 to £2500 = £1500 loss over 30months
205 GTI £900 to £1550 = £650 gain (written off)

Not too bad so far but I'm thinking of changing my Accord this year which will probably have dropped £2.5k over 18 months.

[Schnellmann]

More than I'd like to calculate......

[sebhaque]

MG - £1500
TT - £105
Mondeo - £800
Gave the Corsa to my mother
Frontera - -£700
Impreza - £3495

Total depreciation £5200

Not overly bad but if I had that money I'd be looking at AMV8s rather than VXR8s...

[_Al_]

Vauxhall Cavalier 2.0 CDI Auto: £350 - 0 (£100 parts) 60,000 miles, 2 years
Ford Escort 1.6: £250 (but £2k parts!)5,000 miles, 1 year
Rover 216 GTI: £900-£200 (£600 parts) 30,000 miles, 2 years
Toyota MR2 Turbo: £3050 - £500 (£500 parts) 25,000 miles, 3 years
Subaru Impreza: £3,000 - 2,000 (£0 parts) 3,000 miles, 6 months
Mitsubishi FTO: £1,750 - £490 (£250 parts) 1,000 miles, 3 months POS!!!
Ford Fiesta £900 - £400 (£200 parts) 1,000 miles, 6 months

£9,760 if my rapid, sloppy and unchecked calcs are right.

[fel71]

mini 1275gt -£200
Mk2 rs2000 -£300
Triumph tr6 +£500
Mk1 mexico +£200
Mk2 rs2000 +£300
Bmw E30 -£2275
Porsche 944 -£5000
Austin mini -£150
" " -£100
" " -£100
Porsche 911 -£3500
Escort -£750
Mercedes c180 -£6250
Porsche 964 -£1000
Mg tf -£10250
Jeep g/ch/kee -£2000
Audi tt 225 -£500
Audi tt 225 -£11000
Porsche 996 -£10000
Mercedes clk -£4000
Mitsubishil200-£2000

[nobodyknows]

In the last 12-15yrs probably in excess of £50k - ouch! Almost half that figure on just 2 cars, a classic Impreza Turbo & a BMW 330 Touring, both bought nearly new & owned for about 4 years each.

[TheInternet]

fel71 said:

mini 1275gt -£200
Mk2 rs2000 -£300
Triumph tr6 +£500
Mk1 mexico +£200
Mk2 rs2000 +£300
Bmw E30 -£2275
Porsche 944 -£5000
Austin mini -£150
" " -£100
" " -£100
Porsche 911 -£3500
Escort -£750
Mercedes c180 -£6250
Porsche 964 -£1000
Mg tf -£10250
Jeep g/ch/kee -£2000
Audi tt 225 -£500
Audi tt 225 -£11000
Porsche 996 -£10000
Mercedes clk -£4000
Mitsubishil200-£2000

You forgot to run it through the totaliser, it's ~£58k.