I think I ballsed up with my car purchase
Discussion
This is a general theme for all cars bought in the last 12 months. They were all subject to the Covid price boom. I bet your car was worth less than £14.5k in June 2020 for example.
I almost traded by W204 C63 for an M2 in summer but decided I fancied another year of V8 life. The M2shave come down £5k since but trade values of my C63 have dropped about £3k too so its all relative.
If you like the ST keep it, if not, I'm sure the delta between the FST and RS300 isn't much different to it was in September.
I almost traded by W204 C63 for an M2 in summer but decided I fancied another year of V8 life. The M2shave come down £5k since but trade values of my C63 have dropped about £3k too so its all relative.
If you like the ST keep it, if not, I'm sure the delta between the FST and RS300 isn't much different to it was in September.
Paid £19k for a Landrover approved used 4 year old 17000 mile Freelander 2, 6 years ago. Now on 115000 miles. No idea what it's worth, £6k maybe? Will be driving it for a few more years yet. Even if it was worth absolutely nothing right now it's only cost me £3k ish per year. I believe long term ownership is the best value.
Wacky Racer said:
If it's a decent car, hang on to it a few years and that will even things out.
This. For all the talk of WBAC vs Motorway vs whoever-else-will-buy-a-car-off-you, and notwithstanding that PH is full of people for who the normal laws of depreciation apparently don't apply, chopping and changing cars often has always been a good way to lose money. OK the OP has been unfortunate in buying his car at a time when used cars (and particularly trade-in values), have been dropping, but that's a risk you leave yourself open to if you have to have the latest greatest thing every six months. I bought our Yaris runabout from a Toyota main dealer five years ago. If I'd tried to sell it soon after I don't doubt it could have lost 50% of what I paid, which wouldn't have been pleasant but which wouldn't have been a surprise either. Five years and 40000-odd miles later, though, I don't care if it's now worth nothing. 
Evanivitch said:
WBAC is a very complex algorithm. The fact you're looking to sell after a short ownership makes them think there's opportunity to get a quick and cheap deal.
Interesting that. I often WBAC my cars just out of interest and plot the data - I can support this - first 6 months of ownership offers are comically low. 
Makes this topic all the more interesting to find that the local shop owner had decided to 'park' his van in the rear of my car this morning.
f
king furious.
Guy speaks terrible English too and just said "Sometime automatic roll". Didn't even move the fking thing. Just stared at it.
No damage as far as I can see. Clips seem to have come loose on one side. They don't seem to want to go back in place easy though...
f
king furious.Guy speaks terrible English too and just said "Sometime automatic roll". Didn't even move the f
king thing. Just stared at it.No damage as far as I can see. Clips seem to have come loose on one side. They don't seem to want to go back in place easy though...
Roger Irrelevant said:
This. For all the talk of WBAC vs Motorway vs whoever-else-will-buy-a-car-off-you, and notwithstanding that PH is full of people for who the normal laws of depreciation apparently don't apply, chopping and changing cars often has always been a good way to lose money. OK the OP has been unfortunate in buying his car at a time when used cars (and particularly trade-in values), have been dropping, but that's a risk you leave yourself open to if you have to have the latest greatest thing every six months. I bought our Yaris runabout from a Toyota main dealer five years ago. If I'd tried to sell it soon after I don't doubt it could have lost 50% of what I paid, which wouldn't have been pleasant but which wouldn't have been a surprise either. Five years and 40000-odd miles later, though, I don't care if it's now worth nothing.
With that timing it could well be worth more than you paid for it!Always worth plugging the plate into WBAC and HPI before a purchase to see how much the dealer is fleecing you by. They are trying it on big time post covid with ridiculous RRPs massively overinflated over trade prices to improve their margin. Some cars are priced up at staggeringly inflated premiums but thankfully the market is changing last six months as the interest rate changes start to bite. I was offered an F type last year for sixty grand but saw the market falling and thankfully held off on the purchase. That same car is now priced at £40k, a twenty grand loss in six months which is mental. Of course other "trade" views will always try to defend the excessive prices and tell you "it's the new normal" but it's pretty clear that's horsest and which way the market is really headed.
t and which way the market is really headed.valiant said:
Don't rely on WBAC. There algorithms are designed solely for themselves and if they have too many STs in their system they will only offer derisory offers until they get rid and stock levels of STs ease off.
Use an amalgam of a few car valuation sites and go from there.
This, Right now they may not want that car a bid you in the balls all cars are worth more than what they say, ridiculous thinking they are the gods of values.Use an amalgam of a few car valuation sites and go from there.
McLarenLad said:
So I bought a Focus ST back in September.
2016, 57k miles, FSH. All for £14.5k. I knew prices were high, but was keen on ditching my diesel, which wasn't really serving a purpose any more. Plus, you know, the 'itch' got me.
So I went 50% down on a finance deal. It's as high as I'll go with finance.
I've put 1,000 miles since buying and out of curiosity, did a WBAC check and had a look at AutoTrader values.
£8k
Eight. Sodding. Grand.
Granted, I can see prices are slipping somewhat. Similar cars, 10k less mileage in some cases, are around £1-£1.5k cheaper. All in the space of four months. But I was mortified. Mainly because at this rate, I'm in danger of slipping into negative equity with the damned thing. Which has prompted me to chuck more cash into it quicker, which albeit is never a bad thing, but just an unforeseen cost.
And the mere reason for looking at its value was........Those RS 300 Trophy's are looking all the more tasty to me!
Have you actually looked at the prices, I say this because FSH ST-2/3 from a main/good Indy dealer are still 12.5k-14k2016, 57k miles, FSH. All for £14.5k. I knew prices were high, but was keen on ditching my diesel, which wasn't really serving a purpose any more. Plus, you know, the 'itch' got me.
So I went 50% down on a finance deal. It's as high as I'll go with finance.
I've put 1,000 miles since buying and out of curiosity, did a WBAC check and had a look at AutoTrader values.
£8k
Eight. Sodding. Grand.
Granted, I can see prices are slipping somewhat. Similar cars, 10k less mileage in some cases, are around £1-£1.5k cheaper. All in the space of four months. But I was mortified. Mainly because at this rate, I'm in danger of slipping into negative equity with the damned thing. Which has prompted me to chuck more cash into it quicker, which albeit is never a bad thing, but just an unforeseen cost.
And the mere reason for looking at its value was........Those RS 300 Trophy's are looking all the more tasty to me!
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