Depreciation on a £12k Audi TT - how much? Alternatives?
Discussion
So, I've had some money sitting in savings but always left it there too worried to spend it and risk losing it on a depreciating car. Hence always owning older cars that won't depreciate much. However I have always wanted something newer, and figure that if I don't do it now then when will I?
So anyway, can I spend £12k on a 2007 Mk2 Audi TT and expect to lose £1500/year just in depreciation? If so, then I can stomach that amount and replenish my savings from salary at the same rate leaving me Even with Steven. I've arrived at this figure by trying to gauge the likely depreciation from used car adverts, but I am not sure if £1500/year is right or an underestimate. I don't do many miles, <10k/year so it won't gain too many.
Also - suggestions please for interesting alternatives that won't depreciate too much and have circa Audi TT 2.0 TFSI runnning costs? Must be useable everyday and okay to park in the street without worrying too much. <5 years old is very much preferred. Reasons I like the TT: performance, interior, exterior, overall feel of a small low coupe, and it's fairly light. I know it won't set my hair on fire even as much as my Mercedes 190 though :/.
So anyway, can I spend £12k on a 2007 Mk2 Audi TT and expect to lose £1500/year just in depreciation? If so, then I can stomach that amount and replenish my savings from salary at the same rate leaving me Even with Steven. I've arrived at this figure by trying to gauge the likely depreciation from used car adverts, but I am not sure if £1500/year is right or an underestimate. I don't do many miles, <10k/year so it won't gain too many.
Also - suggestions please for interesting alternatives that won't depreciate too much and have circa Audi TT 2.0 TFSI runnning costs? Must be useable everyday and okay to park in the street without worrying too much. <5 years old is very much preferred. Reasons I like the TT: performance, interior, exterior, overall feel of a small low coupe, and it's fairly light. I know it won't set my hair on fire even as much as my Mercedes 190 though :/.
It's one and a half tons !!Thats a rough as f
k guess which applies to very few situations tbh..
It all depends on the car itself, the mileage your doing etc.
A citroen is going to depreciate much quicker than something like, for example a MINI which hold value very well.
Likewise if your doing 20k a year miles in the car then its going to lose more a year than if your only doing 5k a year.
There are many variables.
k guess which applies to very few situations tbh..It all depends on the car itself, the mileage your doing etc.
A citroen is going to depreciate much quicker than something like, for example a MINI which hold value very well.
Likewise if your doing 20k a year miles in the car then its going to lose more a year than if your only doing 5k a year.
There are many variables.
I would've thought this would more likely loose £3k in the 1st year, maybe £2k the next and it'll slow down after that but it depends when you get rid of it and who to (and how many miles you put on it etc).
You won't buy from a dealer for £12k and then part ex it a year later for £10.5k though.
You won't buy from a dealer for £12k and then part ex it a year later for £10.5k though.
LukeSi said:
If you want an indication of depreciation. My dad's car when it was new cost someone £37,000. He got it at 25,000 miles and 2.5 years old for just over half the original cost. I think it was about £18,000 in the end. This is on BMW so I hate to imagine what Audi are like 
I'd imagine something like the TT will holds its value better than a mainstream BMW, but not much. Probably similar if it was something like a Z4. frosted said:
You will loose a bit more than 1500 on the first year , it should slow down after . You can probably buy an really nice 2008 Mazda rx8 for 6k , keep it 3 years and sell it on for 3k
But would have to live with the shocking tax, fuel and servicing consequences meantime...tyranical said:
Thats a rough as fk guess which applies to very few situations tbh..
It all depends on the car itself, the mileage your doing etc.
A citroen is going to depreciate much quicker than something like, for example a MINI which hold value very well.
Likewise if your doing 20k a year miles in the car then its going to lose more a year than if your only doing 5k a year.
There are many variables.
Most of which he has clarified...k guess which applies to very few situations tbh..It all depends on the car itself, the mileage your doing etc.
A citroen is going to depreciate much quicker than something like, for example a MINI which hold value very well.
Likewise if your doing 20k a year miles in the car then its going to lose more a year than if your only doing 5k a year.
There are many variables.
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