How long till the Β£20k Evora?

How long till the Β£20k Evora?

Author
Discussion

BertBert

14,156 posts

169 months

Saturday 12th September
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Cat D S on autotrader this morning for £28k.

Niiige

632 posts

127 months

Saturday 12th September
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hyphen said:
The government can't let the country go to pot on a mass scale. It just doesn't work like that.

They will come out with schemes (i.e. load us with more long term debt) and create jobs.
Thanks for the reply. I agree that the government won’t let the country go to pot. Not completely. But many commentators are suggesting a recession. Or at the very least the economy changes - with a resultant change to employment status.

Will that affect residual values ?


hyphen

17,162 posts

48 months

Saturday 12th September
quotequote all
Niiige said:
Thanks for the reply. I agree that the government won’t let the country go to pot. Not completely. But many commentators are suggesting a recession. Or at the very least the economy changes - with a resultant change to employment status.

Will that affect residual values ?
Were you around in 2005-2008? Where all the house price crash threads were all over the internet, and those people who sold there houses and got burnt?

The current situation isn't free market economics, its politics.

No point trying to sit back and guess is my advice. My guess would be a no.

There are only what <1000 Evoras on the road in the uk? and 60 million people? Must be enough people with a good enough job/savings to be interested. more so as its a more practical 2+2.

You take your own guess smile

Niiige

632 posts

127 months

Saturday 12th September
quotequote all
hyphen said:
Niiige said:
Thanks for the reply. I agree that the government won’t let the country go to pot. Not completely. But many commentators are suggesting a recession. Or at the very least the economy changes - with a resultant change to employment status.

Will that affect residual values ?
Were you around in 2005-2008? Where all the house price crash threads were all over the internet, and those people who sold there houses and got burnt?

The current situation isn't free market economics, its politics.

No point trying to sit back and guess is my advice. My guess would be a no.

There are only what <1000 Evoras on the road in the uk? and 60 million people? Must be enough people with a good enough job/savings to be interested. more so as its a more practical 2+2.

You take your own guess smile
Good call. I’ll focus on finding a good car & stop worrying about the future smile


edp190

328 posts

167 months

Monday 14th September
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Sadly I've only delayed the inevitable. frown Back up for sale now, let me know if anyone is interested.

cheers Ed

BertBert

14,156 posts

169 months

Monday 14th September
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edp190 said:
Sadly I've only delayed the inevitable. frown Back up for sale now, let me know if anyone is interested.

cheers Ed
Probably missed it, what have you got?

edp190

328 posts

167 months

Tuesday 15th September
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Not sure if I’m allowed to post a link, my car is the burnt orange Launch Edition Evora.

saaby93

27,048 posts

136 months

Tuesday 15th September
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3 pages back
saaby93 said:
The burnt orange one looks the business no wonder it's £25k

paul n

145 posts

127 months

Tuesday 15th September
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BertBert said:
Cat D S on autotrader this morning for £28k.
now 25k!

smells abit dodgy that one?!...too good to be true or does cat D make a massive difference in price on these cars?




BertBert

14,156 posts

169 months

Tuesday 15th September
quotequote all
paul n said:
BertBert said:
Cat D S on autotrader this morning for £28k.
now 25k!

smells abit dodgy that one?!...too good to be true or does cat D make a massive difference in price on these cars?
Cat D is a massive price killer on anything special. I thought I was interested in a Porsche 997.1 GT3 that was cat D as the price was very attractive. But once I found out the real story of the accident I just couldn't bring myself to do it.
Bert

BertBert

14,156 posts

169 months

Tuesday 15th September
quotequote all
saaby93 said:
3 pages back
saaby93 said:
The burnt orange one looks the business no wonder it's £25k

Ah yes, it does look good

blueg33

24,545 posts

182 months

Wednesday 16th September
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I think that the £20k Evora target is misleading as compared with other sports cars its net cost is IMO lower.

I have had 2 Evoras, an n/a and an S Sports racer and i put highish mileage on both, and owned each for around 3 years.

On the first car I sold it for about £4k less than I paid, but I put about 50k miles on it

On the second car, I put 20k miles on it and sold it also for £4k less than I paid.

In percentage terms I lost less on the second car than the first, and as i had finance on the car my equity was higher when I sold it than when I bought it.

In summary - don't get fixated on a "cheap" Evora, the £40k Evora cost me the same as the £30k Evora in terms of depreciation (although the mileage was lower), and my equity went up.

saaby93

27,048 posts

136 months

Wednesday 16th September
quotequote all
blueg33 said:
I think that the £20k Evora target is misleading as compared with other sports cars its net cost is IMO lower.

I have had 2 Evoras, an n/a and an S Sports racer and i put highish mileage on both, and owned each for around 3 years.

On the first car I sold it for about £4k less than I paid, but I put about 50k miles on it

On the second car, I put 20k miles on it and sold it also for £4k less than I paid.

In percentage terms I lost less on the second car than the first, and as i had finance on the car my equity was higher when I sold it than when I bought it.

In summary - don't get fixated on a "cheap" Evora, the £40k Evora cost me the same as the £30k Evora in terms of depreciation (although the mileage was lower), and my equity went up.
Some good man maths there - what's that about equity going up?

blueg33

24,545 posts

182 months

Wednesday 16th September
quotequote all
saaby93 said:
blueg33 said:
I think that the £20k Evora target is misleading as compared with other sports cars its net cost is IMO lower.

I have had 2 Evoras, an n/a and an S Sports racer and i put highish mileage on both, and owned each for around 3 years.

On the first car I sold it for about £4k less than I paid, but I put about 50k miles on it

On the second car, I put 20k miles on it and sold it also for £4k less than I paid.

In percentage terms I lost less on the second car than the first, and as i had finance on the car my equity was higher when I sold it than when I bought it.

In summary - don't get fixated on a "cheap" Evora, the £40k Evora cost me the same as the £30k Evora in terms of depreciation (although the mileage was lower), and my equity went up.
Some good man maths there - what's that about equity going up?
Clever isn't it. smile

At a simple level Equity when I bought Evora 2 was say £10k, when I sold it it was £16k wink



hyphen

17,162 posts

48 months

Wednesday 16th September
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blueg33 said:
Clever isn't it. smile

At a simple level Equity when I bought Evora 2 was say £10k, when I sold it it was £16k wink
A lot of people who buy cars cheaper do so as they don't want any finance, but pay cash and own all of it, and answer to no one for it. Regardless of the numbers, its a mentality.

Also how much in interest/fees did you pay?

Edited by hyphen on Wednesday 16th September 14:53

blueg33

24,545 posts

182 months

Wednesday 16th September
quotequote all
hyphen said:
blueg33 said:
Clever isn't it. smile

At a simple level Equity when I bought Evora 2 was say £10k, when I sold it it was £16k wink
A lot of people who buy cars cheaper do so as they don't want any finance, but pay cash and own all of it, and answer to no one for it. Regardless of the numbers, its a mentality.

Also how much in interest/fees did you pay?

Edited by hyphen on Wednesday 16th September 14:53
Interest was 5% - the cash earns more for me than that doing other things

Fees £200 or so

paul n

145 posts

127 months

Thursday 17th September
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blueg33 said:
Clever isn't it. smile

At a simple level Equity when I bought Evora 2 was say £10k, when I sold it it was £16k wink
fair play that is spectacular man maths! i am going to use that myself!

pete_esp

65 posts

53 months

Thursday 24th September
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edp190 said:
Not sure if I’m allowed to post a link, my car is the burnt orange Launch Edition Evora.
No way! I saw that, only 2 miles from me too. My wallet had to go into retreat when I saw it. I have the same child:dog ratio as you though.

Hope you get it sold and to a good owner (I also look forward to seeing it in the flesh on the road)

Ryvita

592 posts

168 months

Friday 2nd October
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Long overdue update:

+ A low price, Cat D registered S has appeared, variously priced 25000 on autotrader (briefly), 28500 on Facebook and 29500 on Ebay. Confusing.

- Apparent sales of a number of cars: £24750 red private, £26000 white Mountbatten Carsales, £27500 black private, £29500 black private.

+ Couple of new adverts: £24,950 black with red leather launch edition, 49k miles 2+2 forged alloys and CR box (unusual for a LE?), £27,000 black with oyster leather 45k miles, 2+2 w. sport, premium, Lairini exhaust & Radium cold air induction kit.

rhdv8

98 posts

163 months

Friday 2nd October
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Ryvita said:
+ Couple of new adverts: £24,950 black with red leather launch edition, 49k miles 2+2 forged alloys and CR box (unusual for a LE?).

As far as I have read at least the press LE’s had the close ratio box.