Vantage costs

[NewbieP99]

Hi,

If I was to buy an 06/07 Vantage, putting 3k mileage on a year for 2 years....how mch should I expect to pay for the car and how much depreciation will I suffer?

And also can you guide me on running/service costs I should expect to incur over the 2 yrs

Many thanks

[Bravo73]

Hmmm, you will probably need one of these:





But, roughly speaking, an 06/07 Vantage can cost anywhere from £25k - £50k. How much depreciation over two years? Well, certainly more for the 50k one than the 25k one.

Running costs? If you budget for at least £1k pa for servicing, you won't be far out. Then other costs (consumables, tyres, fuel etc etc) is pretty much in line with other performance cars that average 20 mpg.

[Jon39]

With the knowledge of forum members, it should be possible to estimate depreciation.

The advertised retail prices are known (modest discounting), but the arithmetic component that I lack is trade in values.

For illustrative purposes (I know the figures shown do not apply to OP).

Vantage in September 2011 - retail price £60,000
The same car in September 2013 - retail price £50,000.

So, if the buyer in 2011 had sold in 2013, what would the trade-in price be for a car being retailed at £50,000?

If someone answers that, then OP can apply percentages to estimate depreciation on an 06/07 car.

But you knew that anyway.

[Jibberingloon]

I would have to say the vantage must be at the bottom of its depreciation curve now.

I would say a good low mileage 07 model will not go below 30-35 for a good well looked after low mileage example with high mileage 25-30 along with pre 07 models over the next few years.

Just my 2p

[AdamV8V]

Here's a summary of my experience of 1 year's ownership of 2007 V8V.



The numbers are obviously 2 years out of date (in terms of purchase price and value) but you can prob apply the same ratios.

I didn't include petrol, tax, MOT etc as I figured whatever I bought was going to be thirsty and high on CO2 - this were the costs specific to the Aston.

Mod were the usuals - clear lights, sills etc. There's about £300 worth of repair in there, after some scumbag keyed it and I had to get the door repainted.

I traded it in for a 2009 V8VR, which makes for more painful reading.

[AdamV8V]

PS - I did 6k miles in that year.

29k on purchase, 35k on selling,

Don't hate me George.

[Jibberingloon]

I think any trade in deal you are going to get stung for a minimum of 5-10k over a year or 2.

The dealers have to make there cut on the resale.

I think a private sale is a different matter if you have the right speced car.

Also servicing / insurance / road tax / mods, are all part of any car ownership and shouldn't be worked into a depreciation cost.

[Neilc123]

Depreciation is a real killer. Probably why a lot of people go for second hand (sorry assured) models. Cost of ownership e.g. fuel, insurance, potholes are all variable. The reality is though you are always going to lose on a car if you use it (until 50 years time when it becomes vintage!)

Servicing is variable depending where you go but obviously the main dealers are more than independents - same as any other car, However as with a sports car the servicing costs are going to be higher (than a bog standard run around) but you probably knew this when you looked anyway, as to how much it depends on what you do with the car.

All I would say is use the warranty when you can enjoy it after all not many get to drive such a car

Regards

Neil

[gibbon]

I think with an early car, depreciation is very limitted now. However prices are still mileage sensitive, so if you use it you devalue it a touch, and dealer spreads also kill you. I think you probably loose £5k just on dealer margins from day one, but the actual depreciation is not too bad.

[taylor172]

im expecting to lose about 10k should i choose to sell mine next year.

purchase cost - £40,000
service - £700
Repairs not covered under warrenty so far £400
Tyres £900

Total £42000, im pretty sure id get 32k as a trade in id like to think id get £35-36k next spring as a private sale. just because its got all the toys and its low milage and immaculate.

[Amris]

In 18months on ownership of my 06 vantage I have spent the following:

2 x £500 tax
2 x £500 insurance
7 year service £880
MOT and Checkup £500
New rear dampners £1000
New clutch and few other bits £3000

Total £7,380

Not the cheapest car to run.....! talking to colleague who also has an 06 vantage since new he says it averages out to around £3k a year running costs when you take into account tyres, brakes etc. Quite a lot more than the equivilent porsche but still happy with my decision.

Depreciation on the early models should be pretty low, the dealer premium will be the worst of it as most are bottoming out around 30k.

[apotek]

Depreciation would be your enemy so the older and lower priced the better.
Running costs would be similar to any other upmarket sports car, 1000 pounds per annum service/maintenance if lucky . Average 20mpg if light footed 23mpg best 17mpg worst
3 pairs of tyres in 24000 miles @ 600 quid a pair, so now do the maths to suit you but again depreciation is your worry particularly short term ownership. Regards john

[AdamV8V]

Jibberingloon said:

Also servicing / insurance / road tax / mods, are all part of any car ownership and shouldn't be worked into a depreciation cost.

I was looking at Total Cost of Ownership (depreciation + running costs). Agree, you need to separate depreciation from running costs, but TCO is the truest measure.