Worst loss on a car

[mnk303]

Just thought as we are all car nuts here , it would be interesting to see what car dropped the most in the shortest time in your ownership.

for me joint Boxster S 2011 and Jag XK8 2000 both lost about £9k in 3 months

Ps just remembered had a brand new ML 320 CI pile of crap rattles bits falling off, brought for £36k sold after 3 months for £24500

Edited by mnk303 on Sunday 20th November 13:17

[rallycross]

A friend bought a 12 month old XKR convertible for £58k, sadly then needed to sell after 12 months and only 2,000 miles and best bid we could get was £36k, ouch.

[tamore]

bought a cerbera for 22k and had to flog it 9 months down the line for 17k due to a shift in circumstances.

[NiceCupOfTea]

Worst was probably a nearly new Rover 25 - £7 grand I think I got £2.5 or maybe £3k 2 or 3 years later. Not that bad really, but I did majorly get my leg lifted when I bought it!

My dad lost thousands on a Disco 1 that was a hateful piece of crap and he discovered he didn't like it after a few months.

[POORCARDEALER]

1996 Aston Martin Vantage

I sold a brand new one for list, man did under 1000 miles in it in 4 months and hated it.........he lost £60K!

[redgriff500]

I've owned hundreds of cars from £15k down over 24yrs.

I've only lost money on 3 of them.

Most I've ever lost was £750 because I kept it 3 yrs - I usually sell within 9 months.

[robsco]

£1500 loss on first car. Developed a fault that numerous garages couldn't sort so it had to go.

[Jasandjules]

I lost 11k on the first Chimaera I had but then I kept her a few years.

[chard]

mnk303 said:

Just thought as we are all car nuts here , it would be interesting to see what car dropped the most in the shortest time in your ownership.

for me joint Boxster S 2011 and Jag XK8 2000 both lost about £9k in 3 months

Ps just remembered had a brand new ML 320 CI pile of crap rattles bits falling off, brought for £36k sold after 3 months for £24500

Edited by mnk303 on Sunday 20th November 13:17

Presumably you are a powerfully built company director.

(Worst I've got loads of dosh to throw at cars thread ever)

[Sline]

Worst for me was £2000 in 6 months on an M3 after i found it to bland.

[falkster]

I've almost had a gripper!!! I don't think I've lost anything on any car in the last 10-12 years.

[white90]

Freelander
paid 1 year later got 7k trader in.

[OldSkoolRS]

This one seems pretty bad for a car many perceive as one that keeps it's value:

Matt p said:

AndyBrew said:

Well we traded in our JCW 2010 which we bought for £26K for £15K with a dealer so I would double check what a dealer is actually prepared to offer you on a Cooper S.

Wow! £11k in a year?.

I'd feel violated after that.

[croyde]

Car: Landrover D3 bought new for £32,000 sold at just over 3 years old and 18,000 miles for £10,000.

Bike: Yamaha MT-03 bought new £5200 part exed 2 months and 1000 miles later for £3500.

[daemon]

I had four on the trot...

New 535d M Sport in May 2007 - bought for £42K sold six months later for £33K.

Then bought a new X5 in Nov 2007 - bought for £47K, sold six months later for £42K.

Then bought an 05 320d SE for £15K, sold the following month for £13K

Then bought a three year old 535d M Sport for £23K. Drove it for a year, sold it for £17K.

Not proud of any of that....

[Nedzilla]

There should be a law against depreciation on cars,its fkin criminal!

[Jw Vw]

POORCARDEALER said:

1996 Aston Martin Vantage

I sold a brand new one for list, man did under 1000 miles in it in 4 months and hated it.........he lost £60K!

[mikefacel]

Nedzilla said:

There should be a law against depreciation on cars,its fkin criminal!

It's completely voluntary. This thread has just reminded me why I stopped buying new or nearly-new cars.

[lewisf182]

My first car, seat ibiza. Bought in 08 for £4400, scrapped last month for £200 due to engine failure. Did not expect a £4.2k loss in such a short time, including insurance that car cost me about £10k.....(insurance 2k a year) in 3 years.

[mnk303]

mikefacel said:

It's completely voluntary. This thread has just reminded me why I stopped buying new or nearly-new cars.

Same here, I hate to think how much money I have give away, mostly to Sytner garages, because that's who I end up buying from, not sure why, these days , for my daily car I buy 3-5 year old good history low owners and pay about a 1/3 of what I used too. I am a bit ashamed of how much I have lost really, in the region of ££300k in 15 years +'