Cars with unusually high GFV figures on PCP
Discussion
I remember reading a few years back that someone had bagged themselves an Aston (or something of that ilk) for a bargain monthly PCP price of about £200. The reason being the GVF figure was so high that basically all the monthly payment was doing was paying the interest on the loan. At low interest rates that meant the monthly payment was weirdly low.
I’m currently looking for a new car (used) and wondered what’s out there that still might have an usually high GFV? Obviously interest rates have gone a bit nuts so the interest on a big amount is still a big amount. But after a visit to Aston Martin at the weekend I was pleasantly surprised to see that a four year old DB11 works out about the same as a new ‘premium’ SUV because it was retaining 75% of its value over 3 years.
Any idea what other interesting cars are out there that have a good, predicted retained value? I guess I’m in the market for a four seat GT kind of thing, which narrows it down to a DB11, Lexus LC500 and a 911 - only the Aston really gave me the wow factor when I looked at all three.
I guess the next question is whether it’s best to wait until the spring to be buying something like this in case the market tanks?
I’m currently looking for a new car (used) and wondered what’s out there that still might have an usually high GFV? Obviously interest rates have gone a bit nuts so the interest on a big amount is still a big amount. But after a visit to Aston Martin at the weekend I was pleasantly surprised to see that a four year old DB11 works out about the same as a new ‘premium’ SUV because it was retaining 75% of its value over 3 years.
Any idea what other interesting cars are out there that have a good, predicted retained value? I guess I’m in the market for a four seat GT kind of thing, which narrows it down to a DB11, Lexus LC500 and a 911 - only the Aston really gave me the wow factor when I looked at all three.
I guess the next question is whether it’s best to wait until the spring to be buying something like this in case the market tanks?
I'm surprised that a DB11 has such a high future value - Aston's aren't exactly renowned for not depreciating (I'm on my second!)
I'd say you can't go wrong with Porsche. My Macan is now 18 months old and I've only really lost the trade/retail spread having bought it brand new - around 10-15% of the car's value. 911's seem to hold value very well, although the market has been a bit distorted the past couple of years and standard production cars (e.g 992 GTS) have been trading for over list due to the very long lead times. They seem to be softening now, although as factory lead times are still fairly long I don't think they'll fall quickly.
Historically the demand for Aston's has been low compared to, say, Porsche and Ferrari, and lead times are shorter meaning new cars are easily available, suppressing prices of used cars. A word of caution on the Aston - the DB12 is now released and the order book is open, with the first customer cars due soon. This means the DB11 will become the 'old model' as it's no longer current, which historically pushes values down further.
I'd say you can't go wrong with Porsche. My Macan is now 18 months old and I've only really lost the trade/retail spread having bought it brand new - around 10-15% of the car's value. 911's seem to hold value very well, although the market has been a bit distorted the past couple of years and standard production cars (e.g 992 GTS) have been trading for over list due to the very long lead times. They seem to be softening now, although as factory lead times are still fairly long I don't think they'll fall quickly.
Historically the demand for Aston's has been low compared to, say, Porsche and Ferrari, and lead times are shorter meaning new cars are easily available, suppressing prices of used cars. A word of caution on the Aston - the DB12 is now released and the order book is open, with the first customer cars due soon. This means the DB11 will become the 'old model' as it's no longer current, which historically pushes values down further.
AMV93 said:
I'm surprised that a DB11 has such a high future value - Aston's aren't exactly renowned for not depreciating (I'm on my second!)
I'd say you can't go wrong with Porsche. My Macan is now 18 months old and I've only really lost the trade/retail spread having bought it brand new - around 10-15% of the car's value. 911's seem to hold value very well, although the market has been a bit distorted the past couple of years and standard production cars (e.g 992 GTS) have been trading for over list due to the very long lead times. They seem to be softening now, although as factory lead times are still fairly long I don't think they'll fall quickly.
Historically the demand for Aston's has been low compared to, say, Porsche and Ferrari, and lead times are shorter meaning new cars are easily available, suppressing prices of used cars. A word of caution on the Aston - the DB12 is now released and the order book is open, with the first customer cars due soon. This means the DB11 will become the 'old model' as it's no longer current, which historically pushes values down further.
Yeah, I had assumed Porsche would be a solid bet but I just don’t feel the draw to a 911 - despite it probably being a far better car. I'd say you can't go wrong with Porsche. My Macan is now 18 months old and I've only really lost the trade/retail spread having bought it brand new - around 10-15% of the car's value. 911's seem to hold value very well, although the market has been a bit distorted the past couple of years and standard production cars (e.g 992 GTS) have been trading for over list due to the very long lead times. They seem to be softening now, although as factory lead times are still fairly long I don't think they'll fall quickly.
Historically the demand for Aston's has been low compared to, say, Porsche and Ferrari, and lead times are shorter meaning new cars are easily available, suppressing prices of used cars. A word of caution on the Aston - the DB12 is now released and the order book is open, with the first customer cars due soon. This means the DB11 will become the 'old model' as it's no longer current, which historically pushes values down further.
Still, I may see how they stack up financially as head does have to play a small part in this.
Mr Whippy said:
Wow the DB12 looks amazing.
I wouldn’t think twice about pretending the DB11 never existed, what a balls up that was.
Back to a DB7 feel, but 25 years on.
There’s doesn’t seem to be much love for the DB11, which I find strange as I think it’s a great looking machine. But then I’m not that fussed about having a modern entertainment system; maybe that’s part of the problem? I wouldn’t think twice about pretending the DB11 never existed, what a balls up that was.
Back to a DB7 feel, but 25 years on.
The car I was looking at was £180k four years ago. It’s now £83k from a main dealer, so that’s quite the hit someone has taken. At least it values tank further I’d be protected by the PCP GFV figure.
Gassing Station | Car Buying | Top of Page | What's New | My Stuff