Worst loss on a car

[Paul v8]

for me bought Corsa VXR for 17k new sold for 11k 2 yrs later

[sc0tt]

330ci Convertible

Paid £8k for it. Sold 2 and a half years later for £4.1k

To be fair some muppet had keyed the complete side of the car. Maybe could have took £6k if it was ok and I wasn't so impatient.

[croyde]

I posted earlier about massive losses on 2 of my vehicles and I think that I have learned my lesson about buying new and nearly new apart from my current drive, a 1998 E36 Beemer 323i.

Bought it when it was only 6 months old and nearly 14 years later it's still mine. That's how you beat depreciation and even tho' the eco-mentalists won't admit it, that's pretty green motoring.

[Thom987]

Sline said:

Worst for me was £2000 in 6 months on an M3 after i found it to bland.

Somone named Sline found an M3 bland. Is there an ironic smilie?

[Bebop Beru]

6k over 2 years on a nearly(ish) new S2000.

Now expecting to lose £500 on a Lexus LS400. If it breaks.


Have to say though, I always look at a car purchase as potentially losing the entire amount. Anything back is good. Yes you might lose money with a new car but you're less likely to have things go wrong with it in the early years (and you're protected by warranty). Considering how many people think of cars as white goods, it's surprising that they also view them in the same light as investments and are shocked when the values plummet.

[Ari]

ShayneJ said:

Which all go's to show that anyone that buys a NEW car regardless of their relative
wealth is a certifiable moron

Oh dear.

[A.J.M]

First freelander, had it 7 weeks and 2 days before it got rear ended and declaired a Cat C write off.

Lost £550 on it due to the "credit crunch" which was my insurer's excuse to not pay out in full.
Got told it was a write off 2 days before Christmas as well, not a happy time.

[Eddh]

How do you people do it, bizzare!

[mnk303]

Eddh said:

How do you people do it, bizzare!

Reasons

1) Stupidly you feel that the car makes the person
2) becasue you can
3) becasue your heart rules you not your brains
4) Because you have more money than sense
5) The passison takes you over
6) I would guess 95% of all car owners lose money on cars
7) Speed
8) Having the best

Saying all that does not mean I wish I had not, just wish I had been more selective and more careful

[Med1c]

Maserati 3200 gt bought for £30,000

Year later sold £18,000 and that was a struggle to get that !

[-Z-]

Worst was the Monaro VXR bought for £22k @ 25k miles, sold it 18 months later for £11k @ 60k miles.

Best was the e90 M3 Saloon, bought for £38k @ 5k miles and sold 18 months later for £32.5k @ 23k miles

[Robsti]

Eddh said:

How do you people do it, bizzare!

They do it through PCP/HP type agreements and then roll the pain into the next agreement by making the term and the balloon greater keeping the payments the same so convincing themselves that they got a great deal!

This all aided and abetted by salesmen who then laugh their tits off when the punter is out the door!

[mnk303]

Robsti said:

They do it through PCP/HP type agreements and then roll the pain into the next agreement by making the term and the balloon greater keeping the payments the same so convincing themselves that they got a great deal!

This all aided and abetted by salesmen who then laugh their tits off when the punter is out the door!

Worse I never had hp in my life so all from cash

[Zwolf]

Robsti said:

Eddh said:

How do you people do it, bizzare!

They do it through PCP/HP type agreements and then roll the pain into the next agreement by making the term and the balloon greater keeping the payments the same so convincing themselves that they got a great deal!

This all aided and abetted by salesmen who then laugh their tits off when the punter is out the door!

God you're a stuck record. Sorry to disappoint, but not every new car or every car over £5k is sold via PCP. Some people just earn and/or have more money than others.

[mnk303]

Zwolf said:

God you're a stuck record. Sorry to disappoint, but not every new car or every car over £5k is sold via PCP. Some people just earn and/or have more money than others.

+ quite agree, just hard work and a reward to myself....at times a wasted one

[Robsti]

The Crack Fox said:

Has Chris Harris arrived yet, or are Porsche funding his depreciation in return for his Evo advertorials, as I suspected all along

There was an interesting bit at the start of the EVO ECOTY about Chris Harris and his GT3!

"Chris recently bought RS4.0 he couldn't really afford."

I think that has put another thread to bed don't you!

[Robsti]

mnk303 said:

Robsti said:

They do it through PCP/HP type agreements and then roll the pain into the next agreement by making the term and the balloon greater keeping the payments the same so convincing themselves that they got a great deal!

This all aided and abetted by salesmen who then laugh their tits off when the punter is out the door!

Worse I never had hp in my life so all from cash

No I just work hard and reward myself !

[Dapster]

The Crack Fox said:

Has Chris Harris arrived yet, or are Porsche funding his depreciation in return for his Evo advertorials, as I suspected all along

The depreciation on a car listing at £128k and selling in the classifieds at £200k? There was a black UK spec one up for £245k last week.

[GreatGranny]

redgriff500 said:

I've owned hundreds of cars from £15k down over 24yrs.

I've only lost money on 3 of them.

Most I've ever lost was £750 because I kept it 3 yrs - I usually sell within 9 months.

Well done you!

However this isn't a thread about the "least" anyone has lost on cars so I suggest you start your own thread.

[Decky_Q]

Worst loss was my Alfa 147 2.0TS new in 2003-£22,500 in 2005 was looking at boxster and it was valued at £6k, in 2009 valued at £1400, its now my track slag.