Aston Martin Used Purchase help needed
Discussion
if you buy something with avg miles, and buy private from a motivated seller then you might not lose any depreciation if you only add 10K miles to it
if you buy from a dealer, with their £5K margin in, and a low miler (pay a premium for that) and then trade in at bottom book price to another dealer ...well you could lose 2 x £3K-5K margins and a few grand for the extra mileage
low milers look good when you buy, and you pay more for them, but all it is really is a chance for you to pay new car depreciation again when you actually use it ......
if you buy from a dealer, with their £5K margin in, and a low miler (pay a premium for that) and then trade in at bottom book price to another dealer ...well you could lose 2 x £3K-5K margins and a few grand for the extra mileage
low milers look good when you buy, and you pay more for them, but all it is really is a chance for you to pay new car depreciation again when you actually use it ......
My costs are somthing like this.....owned car for 18 months...
06 V8V coupe, manual, with a few extras
Bought privately at 12000 miles for £38k.... Now on 20,000 miles
Had 2 Indy services... At give or take £500 each...
1 set of rear pads £150
2 new rear tyres £500
Car isn't for sale, but if it was I'd like to think I'd get £33k in a private sale...
I'll soon be needing 2 new front tyres £500
06 V8V coupe, manual, with a few extras
Bought privately at 12000 miles for £38k.... Now on 20,000 miles
Had 2 Indy services... At give or take £500 each...
1 set of rear pads £150
2 new rear tyres £500
Car isn't for sale, but if it was I'd like to think I'd get £33k in a private sale...
I'll soon be needing 2 new front tyres £500
Jockman said:
Sometimes, Cockernee, the real damage caused by your ownership period is less visible - that car will certainly have needed counselling and is probably still experiencing the odd panic attack whenever it hears words like 'wotcha' or 'cor blimey'
Oh...and it probably needs a new engine too
Only ever thrashed every time it was warmed up first Oh...and it probably needs a new engine too
I got a late 08 coupe, with low mileage, and I should have got a higher milage one ideally - I had all the classic faults in the first 6 months. On the other hand it was exactly the spec I was looking for, so I put up with it being in the shop a lot.
I also live in London (near Waterloo) and I expect you'd prefer a manual. The sport shift is pretty bad around town. When (not if!) the clutch gives out, get the multiplate Bamford Rose clutch, it's much better than the stock one, especially in slow traffic.
I also live in London (near Waterloo) and I expect you'd prefer a manual. The sport shift is pretty bad around town. When (not if!) the clutch gives out, get the multiplate Bamford Rose clutch, it's much better than the stock one, especially in slow traffic.
I bought a 2006 (56) V8V Coupe (Tungsten, usual extras) for £40k in March 2011 and sold it exactly a year later for £35k. I spent a bit on it during the year (N400 side sills, clear lights) so call it £6k depreciation over 12 months.
I'd say this about average for a car of this value? Note that it was traded in for another though, which may have inflated residual. They sold it the next day!
Got it serviced at Nick Mee during the year for £900, and that was pretty much it outside of petrol, insurance etc.
Hope this helps. Now get it bought.
I'd say this about average for a car of this value? Note that it was traded in for another though, which may have inflated residual. They sold it the next day!
Got it serviced at Nick Mee during the year for £900, and that was pretty much it outside of petrol, insurance etc.
Hope this helps. Now get it bought.
v8woollie said:
I'm considering using Nicholas Mee. To save derailing this thread could you PM me with your views on their service.
Derailment is fun if you're not on the train Nice Mee's are great, Andrew really knows his stuff, a top notch tech and all-round good egg. Not cheap (central London + Heritage status) but what you'd expect from a London indie.
The best piece of advise I can give you is .......there will always be a better deal to be had on another car in 1 weeks or 4 weeks time.......if your really worried about depreciation then don't rush into it and do your homework......if your buying from a dealer you will probably drop 8-10 k in the first year on a 2008 car ....if you buy privately probably half that
Good luck....and remember half the fun of ownership is the looking and finding the right car
Good luck....and remember half the fun of ownership is the looking and finding the right car
johng39 said:
yeti said:
jonby said:
whatever depreciation you're banking on............double it ! :-)
Not necessarily. I doubt I have lost very much on mine, mods aside. Buy the right age car at the right time of year and you can be OK.What you will see from the responses since my post is that there are a real variety of experiences from owners, ranging from pretty mild depreciation to absolutely savage. As John says, the key is to buy it right - the right car, the right time of year and following some shopping around, the right deal from the right dealer.
There seem to be quite a few stages of big depreciation in a short space of time early on. As a result, whenever you think surely the biggest hit has already taken place, you can get caught again - Astons, like many cars in this sector, can be very mileage sensitive, though luckily not as much so as Ferraris
At the age you are buying, of course you stand a much better chance of less savage depreciation. But as others have said, whilst it's important to all owners to an extent, if depreciation is an important issue, tread carefully...there are some real horror stories out there but mainly on newer cars or cars that cover big miles
I'd concur with some of the other views about shopping around. When I traded in my last car, I was offered £13k more by one dealer than another, in both instances against a new V12VR which has effectively nil discount so they were comparable deals. What is really amazing is both dealers were part of the same delaership group. It was down to their individual stocking levels at the time and how they saw the car - as it wasn't a 'boring black/silver/grey' car, one dealer saw it as a potential issue, the other a benefit. Mileage at 13kish on an 18mth old car put one dealer off more than the other. I eventually persuaded the dealer that offered less initially, to match the deal (they were much closer to me hence my pushing) but I wouldn't have pushed so hard without the strength of the other offer
All
Thanks once again for the help and advice
What I can not now get my head around is what is a "good deal".
The price spreads on age and millage seem large, with no common denominator
So I see £42-52sk for this age car, and it seems millage is the only real difference (give or take some colour specs)
This is also trade, as little private on the market
Parkers etc also seem to offer a little help
Anyway, I think the take the time is the best advice - thks once again to all
Thanks once again for the help and advice
What I can not now get my head around is what is a "good deal".
The price spreads on age and millage seem large, with no common denominator
So I see £42-52sk for this age car, and it seems millage is the only real difference (give or take some colour specs)
This is also trade, as little private on the market
Parkers etc also seem to offer a little help
Anyway, I think the take the time is the best advice - thks once again to all
Get over the depreciation issue and just buy it ! Either you want an Aston or you don't.I have had my 4.3 Vantage for nearly a year and it was the best decision I ever made.Every time I open the garage door I have to give myself a kick to remind me I own that car.Until you own one you won't know how that feels.Of course there is a financial burden but were are talking about an Aston Martin !
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