Depreciation Proof £8k Cars

[Northernchimp]

I may sell my Chimaera after the summer and buy something with a roof. Part of the Chimaera appeal is being able to sell it for what I paid for it, which I like. A lot.

What cars can be bought for around the £8k mark that have finished depreciating? Not bothered about MPG, engine size, etc really but would like something with a bit of grunt and cruising ability.

Was thinking...

BMW 650
Audi S8
XKR
Maybe a Range Rover

Idea being to sell it next spring and put the money towards a Tuscan or late V8 Cerbera.

Suggestions appreciated, especially fast diesels.

[CraigyMc]

All of those will depreciate.

An elise probably won't, if you can get one for £8K.

I'm not sure there's such a thing as a depreciation proof car, unless you can find a McLaren F1 for £8K.



C

[VinceFox]

Will depreciate, but a good e46 m3 will hold well.

[MJK 24]

Well all of the four cara you list are essentially still in production so will continue to fall in value.

I'd suggest an Elisebut they don't quite fit the 'fast diesel' requirement.

[Northernchimp]

OK, moderately depreciating cars. Bearing in mind I'll probably only keep it for 6-8 months. Cheers.

[ARobinson]

M5 shouldn't go down much, I'd expect a really tidy one with sub 100k miles and preventative maintenance done for that money so running shouldn't be too ludicrous

[Reks]

I reckon the MK1 Focus RS has bottomed out now

[31mph]

Reks said:

I reckon the MK1 Focus RS has bottomed out now

This.

A lof of older hot hatches will hold value as they become "modern classics" such as the Lupo GTI

(that wasn't a suggestion btw )

[simoid]

A Mini.

Or, pretty much anything that isn't brand new is unlikely to lose much value in 6 months if you get a decent deal at either end of ownership

[rossub]

Integra DC5.

[fathomfive]

A grands worth of V8 shed with 6 months T&T, £7k in the bank and virtually no depreciation?

[Rarefied Brains]

968

[bananaman1]

Subaru imprezas ...maybe .

[crostonian]

Either buy privately or from auction is a start, the cars on the OPs list make sense if you pay trade price for them now, the problem is that 12 months running costs and potential repairs could easily outweigh the savings in depreciation. I'd avoid big saloons and hatches and stick to Coupes/Cabs/4x4s

[Captain Muppet]

MJK 24 said:

Well all of the four cara you list are essentially still in production so will continue to fall in value.

I'd suggest an Elisebut they don't quite fit the 'fast diesel' requirement.

They also fail the "roof" requirement.

Although depreication on Elise hard tops is also zero.

:hatefulsmugness:

[CrisW]

This won't get much cheaper - http://www.pistonheads.com/classifieds/used-cars/n...

[Bear Phils]

Ford Escort? Or Sierra Cosworth? These may not be great on the cruising part...

You could also spend less and get a really good E36 M3 for 5k or so

BMW 8 Series

C4 Corvette

E28/E34 M5

[DFB]

How about a Mk1 Clio V6?

Not a diesel, but has grunt and can cruise all day. It even has a roof.

It won't lose you a penny in deprecation and it will be another car ticked off your bucket list (assuming you have one(assuming it's on there))

[s_zigmond]

Some sort of 4x4 bought now and sold in winter maybe? Then do a softtop bought in winter and sold in summer?

[StottyZr]

VinceFox said:

Will depreciate, but a good e46 m3 will hold well.

I like the idea of these and I've been following their values for a while now. They do not seem to make any sense. Right now in the classifieds there are 2, 2003 big spec M3 convertables with 60k on the clock. One is £8,990 from a dealer and the other is £10,950 private.

That is a huge price descrepancy for the same car, I think some owners are in cloud cuckoo land.