Trade in value?

[blot]

Anyone got an idea what trade in I might expect to get for my 51 plate (registered 01/02) 2.5 M12 GTO?

Full factory service history, 30K miles, new tyres, ECU upgrade, aircon, starter button, cd autochanger, luggage set, tracking device, alacantra, stone chips plus it's the best colour..........that's blue of course.

Thinking M3 CSL (thanks again Nathan for all the info)or (not tried and total leftfield thinking,) an E55AMG??

[worty]

I think it will depend on whether the dealer can place the car as I doubt they would want to try and retail it. I have just bought a 51 plate 2.5 2 owners and 26k on the clock from my sister who is MD of a local dealership that took it in in px for a Ferrari.
Not sure what they gave for it against the Ferrari but they had it underwritten in the trade at 26k.
There aren't many about for sale below 30k
Hope that helps
Paul

[DanH]

When I was changing to the RS, Porsche didn't really want the Noble. Best bet is to sell it privately I suspect, or theres a fair change they'll take your trousers down.

[UFO 2 NOB]

Best road car in the world at 25k ish,nothing to touch it.Trade in value very difficault as i found with my 3r.Best to hold out and sell private or s.o.r. through a dealer to get best price.Nobles seconhand drop quicker than lifts without elastic bands,ouch!!! If i had spent 56k on a 355 and kept it two years and 4000 miles i would have got 55ish back for it.I paid 56k for my Noble and did 4000 miles over two years and got back 39k and IMO thats s_ _te! at £4250 per 1000miles

[AMG Merc]

UFO 2 NOB said:

If i had spent 56k on a 355 and kept it two years and 4000 miles i would have got 55ish back for it.I paid 56k for my Noble and did 4000 miles over two years and got back 39k and IMO thats s_ _te! at £4250 per 1000miles

Right, and apart from rartity, that's why I'd prefer there to be fewer Nobles of each model produced!

[blot]

Being a true Yorkshire man, I never ever buy new, always let someone else A) Take the depreciation hit and B) Iron out all the niggles in a car/ run it in etc.

Would help if I could finally decide on what to get!!

[joust]

UFO 2 NOB said:

If i had spent 56k on a 355 and kept it two years and 4000 miles i would have got 55ish back for it.I paid 56k for my Noble and did 4000 miles over two years and got back 39k and IMO thats s_ _te! at £4250 per 1000miles

A 355 was up to £100k new - so all you are saying is that someone else took a £40-50k hit.

If you bought a Ur Quattro Sport for £40k today, it'll be worth £40k in 10 years time - so what's exactly is your point?

If you buy new you are going to loose money - accept it

J

>> Edited by joust on Sunday 4th September 21:32

[No-Bull]

Blot M8, have you tried the TVR-MADS guy in Bradford (ad will pop up on Autotrader if you put in your postcode), he's sold two 2.5's in the last Month or so (1 red/1 black). Not sure if the prices are what you would need/want, could be worth a try though.

[UFO 2 NOB]

joust said:

UFO 2 NOB said: If i had spent 56k on a 355 and kept it two years and 4000 miles i would have got 55ish back for it.I paid 56k for my Noble and did 4000 miles over two years and got back 39k and IMO thats s_ _te! at £4250 per 1000miles A 355 was up to £100k new - so all you are saying is that someone else took a £40-50k hit. If you bought a Ur Quattro Sport for £40k today, it'll be worth £40k in 10 years time - so what's exactly is your point? If you buy new you are going to loose money - accept it J >> Edited by joust on Sunday 4th September 21:32

I had never bought a new car up until the Noble.In 10 years of owning various Ferraris and Porches i never lost a penny on residuals.So that has to be cheap motoring,which makes the fun,fun.After all these cars are only weekend toys to me.I bought the Noble on two counts a/its a fantastic car b/it would be very exclusive and thus hold excellent residuals, in the words of the individual who sold it to me at the motor show and who worked for the factory.However b/has never held true and it has taken 12 months to sell and at a S_ _TE price.Therefore the point is i would never buy another new Noble.Therefore they have lost a customer.I will not be the only person who thinks like this.Thats the point and it dont make good reading.How many new Nobles have been sold recently,its not many.However i would certainly buy another one in a used format but that is little help to a car manafacturer and their future sales.How much will the M14 be? i am starting to think that in 2 years time it will be a good buy at 45k,maybe then i will return!!!

>> Edited by UFO 2 NOB on Monday 5th September 00:07

>> Edited by UFO 2 NOB on Monday 5th September 00:09

>> Edited by UFO 2 NOB on Monday 5th September 00:09

[UFO 2 NOB]

Oh and the other point is that i have spent what i would have lost on my next residual disaster and bought the following.Brian James sprint shuttle,westfield xtr2 and a Global GT light and most of that will be worth the same in 2 years time.Much fun to be had!!!

[joust]

If you want to drive around in 5+ year old second hand cars then that's your choice. There are plenty of people out there who will pay the "price" for owning a new car, although of course there are many ways to not spend any capital on new cars as well.

With there still being a healthy waiting list, and residuals after 3 years still being alongside Ferrari and Porsche (remember £25k after 4 years for an M12 is only a 47% loss - or in other words a 996tt @ £50k at year four - bang on the mark) I'd say the supply and demand is pretty much spot on.

J

[blot]

No-Bull said:

Blot M8, have you tried the TVR-MADS guy in Bradford (ad will pop up on Autotrader if you put in your postcode), he's sold two 2.5's in the last Month or so (1 red/1 black). Not sure if the prices are what you would need/want, could be worth a try though.

Thanks for the reminder, no haven't tried him, will do.

Cheers,

Blot

[joust]

Why are are about it www.pistonheads.com/sales/list.asp?p=1&s=108 gives a good idea of current asking prices.

J

[bradders]

Ah yes Justin, but asking prices are not what people are willing to pay. Having sold one recently, and based my "requested" price on the listings of others, I know this all too well.

Cheers Mark

[joust]

- hence I said 'asking' prices. Probably take 5% or so off that for haggling?

J

[bradders]

Ahh, the infamous "or so". I guess it would be bad form to actually post reality as I found it (definate figures) - unless you all wish otherwise.

Let's just say the "or so" can often be much larger than you think, and way beyond the 5% figure mentioned.

I was offered a value by Audi (trade in) which definately told me that they were not interested. In the end, I sold the car outright to Mole Valley, who in fairness offered a figure more like it, but still very heavily on the "or so" side of the 5% you mention.

Cheers, Mark

[DanH]

Well if you are going to sell to a dealer you will get bend over no doubt. Mainstream dealers do not want them as they are too specialist. Specialists may want your car but they can sit around for a bit on their forecourts so its priced in. Especially if you aren't the ideal spec (i.e. 3R with 0 miles and no usage .

They may offer to SoR too, but thats just a bad idea imho.

So privates the way to go if you want to capture a reasonable value for your car.

[BrianJ]

Quotes I had for a trade-in are much worse than anticipated and certainly much steeper than £25K in 4 years.

[UFO 2 NOB]

Price aside the problem with Nobles is that they just DONT sell privately.I tried for a year and my car was an as new pampered 4000 mile 3r with factory history in the right colour with all the right bits.In the end i sold it s.o.r. through a Noble dealer who did an excellent job.The car could have been bought from me direct and the owner would have saved 3 grand.So that shows how difficault it is to sell privately.The other problem is if you do not want to accept the offer from one of the six or so dealers then you have absolutely nowhere else to go,its the end of the road at that point.I would also guess that most dealers as they are quite small do not have endless funds and cant stock every car that comes their way.Thats why some offers are stupid,if you try it on enough you will always find someone desperate who says yes.With the over supply of used cars that has resulted in quite a few people saying ,ok yes.Hence the low offers.Thats why Day whats its name failed last time around.They had nowhere to market 2nd cars.Thus poor residuals,thus a loss of new car buyers.Once you loose new car buyers,well the rest is history.

>> Edited by UFO 2 NOB on Monday 5th September 19:47

[joust]

And you didn't work out that there was a finite number of dealers when you bought it? I suppose next you'll be complaining there is only one Lambo dealer in the UK?

Me - I'd made the my mind up that I wanted the Noble for it's driving ability, not as a financial investment. My partner, being the boring (loveable) person he is, sees a car as a waste of money.

I ended up with the Noble, him a X5. My Noble lost in a day what his X5 lost in a year, but who had the better deal?

If you measure a good deal in just £s then you can't but help end up at an X5, XC90 or similar. Anything else and you are going to get 'shafted' royaly if you want to bale.

However, ending up, via Mole Valley, with a profit on the M12 whenst trading up to the M400 has left me with a serious grin. Not only did the M12 not cost me a bean in capital, but MV managed to 'turn' a healthy profit on myself I'm sure. That's what's called a win win, and doesn't happen often in the car business (and certainly didn't happen for the dealer on our X5 3.0i to 4.4i replacement....)

J