I think I ballsed up with my car purchase

[Jamescrs]

Dingu said:

Are people still genuinely taking WBAC valuation and comparing it to purchase prices from trade or privately?! As if it’s some directly comparable measure of depreciation

Seems to be a lot of people who make it their lifes work now to message people selling cars and say I will give you £xxx because thats what WBAC will give you, i imagine most of these people are mainly ignored and then come to forums to rant about how unreasonable sellers are

[Dingle Dell]

Only the very wealthy should be buying a car and then looking to change after 3 or 4 months because they fancy something else.

Keep the car for a few years, enjoy it, and don't worry about the depreciation, which will level out anyway.

[Tall_Blk]

Selling a car within a year of ownership is a mugs game and dealers love it. This used to be me albeit I used to change my car every 2.5 years. Now I hold on to my cars for at least 5 years. Enjoying the process and don’t care about depreciation as I look after my cars and drive them.

[Evanivitch]

Tall_Blk said:

Selling a car within a year of ownership is a mugs game and dealers love it. This used to be me albeit I used to change my car every 2.5 years. Now I hold on to my cars for at least 5 years. Enjoying the process and don’t care about depreciation as I look after my cars and drive them.

Exactly, in most cases it's a pressure sale and people prey on that.

[SFTWend]

As a petrolhead I used to change my car annually, but I bought and sold privately so never lost very much. Sometimes even made a little.

Can't do that anymore, now that private sellers want more for their car that franchised dealers.

[georgeyboy12345]

Cars are for driving, not financial investments.

[sixor8]

Except for 'classic' cars. People are encouraged to buy, and even take out a loan, to buy a classic car at an auction. After all, you can't lose.

I agree, they should be for driving but too many 'collectors' think otherwise.

[swisstoni]

Hardly anyone makes money out of classic cars.
Even the ones that have actually appreciated in value may have actually just about broke even when all expenses are taken into account.
And as for the ones that don’t appreciate, well they are just plain old money pits, usually owned by people who know it full well and accept it.

The best advice I can give to anyone buying a car is do you really want it? If you do, then you aren’t going to be swayed by the next shiny thing that comes along.

You don’t, of course and you can chop and change all you want. Just don’t be surprised to be broke.

[cayman-black]

ZX10R NIN said:

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-14k

OP have you read this ? From someone who knows!

[LightningBlue]

Not ballsed up if you enjoy the car, they look a lot of fun and are good value. In the real world I don't know of anyone who doesn't lose thousands with every car purchase.