Most Depreciated Vehicle
Discussion
Start this off with my 2005 987 Boxster non S
List price £35,000 (not 100% certain about that!)
Value now £8,000
Depreciation £27,000/£1,800 per annum.
However my 2009 L322 trumps this somewhat.
List price £91,000
Value now £7,500
Depreciation £83,500/£7,600 per annum.
Hoping I am at the bottom of the curve with both, Rangey might have a bit more to go. Both bought this year I might add.
List price £35,000 (not 100% certain about that!)
Value now £8,000
Depreciation £27,000/£1,800 per annum.
However my 2009 L322 trumps this somewhat.
List price £91,000
Value now £7,500
Depreciation £83,500/£7,600 per annum.
Hoping I am at the bottom of the curve with both, Rangey might have a bit more to go. Both bought this year I might add.
lost in espace said:
Start this off with my 2005 987 Boxster non S
List price £35,000 (not 100% certain about that!)
Value now £8,000
Depreciation £27,000/£1,800 per annum.
However my 2009 L322 trumps this somewhat.
List price £91,000
Value now £7,500
Depreciation £83,500/£7,600 per annum.
Hoping I am at the bottom of the curve with both, Rangey might have a bit more to go. Both bought this year I might add.
Both of the one day will be weighed in for scrap. List price £35,000 (not 100% certain about that!)
Value now £8,000
Depreciation £27,000/£1,800 per annum.
However my 2009 L322 trumps this somewhat.
List price £91,000
Value now £7,500
Depreciation £83,500/£7,600 per annum.
Hoping I am at the bottom of the curve with both, Rangey might have a bit more to go. Both bought this year I might add.
Back in the day the worst depreciating car you could buy was a V6 Citroen XM at 65% loss in the first year.
I used to write quote engine software for a lease company and you could get some stuff to depreciate to zero in 3 years - a Tata Safari springs to mind. Stick some options on and the estate also cost more to lease than a 3 series touring (depreciation cost being part of the lease cost).
These are obviously percentage values, not absolute ££££s
I used to write quote engine software for a lease company and you could get some stuff to depreciate to zero in 3 years - a Tata Safari springs to mind. Stick some options on and the estate also cost more to lease than a 3 series touring (depreciation cost being part of the lease cost).
These are obviously percentage values, not absolute ££££s
Mclaren take some beating on the fastest depreciators from new in the shortest time for obvious reasons but largely because they are overpriced new.
A couple of cars I bought which stick in my mind as being major depreciators more than most was a black mint 1 owner high spec 997 Turbo S at 3 months old with a couple of hundred miles c£145k new bought for c £90k trade (from Porsche finance auction Nottingham).
Second was a mint black HSBC finance repo E46 SMG M3 Cab 1k miles at 6 months old high spec £55k new trade purchase price £32500.
M5s and M3s M4s continue to be horrific depreciators even new in the showroom lol.
A couple of cars I bought which stick in my mind as being major depreciators more than most was a black mint 1 owner high spec 997 Turbo S at 3 months old with a couple of hundred miles c£145k new bought for c £90k trade (from Porsche finance auction Nottingham).
Second was a mint black HSBC finance repo E46 SMG M3 Cab 1k miles at 6 months old high spec £55k new trade purchase price £32500.
M5s and M3s M4s continue to be horrific depreciators even new in the showroom lol.
Edited by av185 on Tuesday 22 December 13:17
Pupbelly said:
biggbn said:
do I VT my Mini half way through its term next year and take the plunge or not?
Yes, no brainer! Enjoy some plush motoring 
biggbn said:
Pupbelly said:
biggbn said:
do I VT my Mini half way through its term next year and take the plunge or not?
Yes, no brainer! Enjoy some plush motoring Pupbelly said:
biggbn said:
Pupbelly said:
biggbn said:
do I VT my Mini half way through its term next year and take the plunge or not?
Yes, no brainer! Enjoy some plush motoring On the way to work this morning I was thinking of used car salesmen.
Any other salesmen/shopowners, their stock doesn't depreciate, it is all sold brand new. Used car stock depreciates day by day without them doing a thing about it. A car that doesn't sell quickly loses a lot of value each time a new plate comes out.
Any other salesmen/shopowners, their stock doesn't depreciate, it is all sold brand new. Used car stock depreciates day by day without them doing a thing about it. A car that doesn't sell quickly loses a lot of value each time a new plate comes out.
Fastchas said:
On the way to work this morning I was thinking of used car salesmen.
Any other salesmen/shopowners, their stock doesn't depreciate, it is all sold brand new. Used car stock depreciates day by day without them doing a thing about it. A car that doesn't sell quickly loses a lot of value each time a new plate comes out.
Fashion stores as seasons and tastes change, only have to look at how much stock gets written down, discounted etc.Any other salesmen/shopowners, their stock doesn't depreciate, it is all sold brand new. Used car stock depreciates day by day without them doing a thing about it. A car that doesn't sell quickly loses a lot of value each time a new plate comes out.
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