Second hand car depreciation website
Discussion
Mercky said:
If you're worried about depreciation, you cant afford it. Either buy something cheaper or do as I do and buy cars that appreciate 
Don't be so niave.So Patina seems to be the only suggestion so far which seems very classic orientated. CAP seems to be the only one then. Hmm need to find a friendly dealer..
Mercky said:
Shermanator said:
Mercky said:
If you're worried about depreciation, you cant afford it. Either buy something cheaper or do as I do and buy cars that appreciate
I may be due a whoosh parrot here but that is one of the most ignorant, most idiotic, most "special" (as another poster said) thing I have read in a long time.Thousands upon thousands of people can easily afford it, but choose to know what it is/will be.
An example is myself: When I bought my car I could easily afford to replace it had I written it off after a day, I still could do so today, I can easily afford it. However, according to you, because I check how much equivalent cars are going for so I know how much depreciation I have suffered then I can't afford it? What a load of crap...
Why do I care how much I have lost? I hear you ask, because it's still lost money!
Also, I am far from rich, also definitely cannot afford to just "throw money away"... If you bothered to look you would see I drive a 2014 Citroen C1, bought for £8000 (roughly) so I've not got copious amounts of money. Can guarantee most people reading this are in a much better financial position. Don't really see how you had to take a dig at me and my finances but hey ho, whatever.
The most accurate way will be to look on Autotrader to see what price people are asking for vehicles that are now at the age that your potential car will be when you sell it.
eg. I suspect a new 3-series in 5yrs time will be worth what a 5-yr old 3-series is selling for today.
There will be market differences, of course, such as people not wanting diesels if new ULEZs come into force etc.
eg. I suspect a new 3-series in 5yrs time will be worth what a 5-yr old 3-series is selling for today.
There will be market differences, of course, such as people not wanting diesels if new ULEZs come into force etc.
No one has mentioned the ongoing push towards electric vehicles.
I'm reading this subject with great keenis as i suspect that a lot depends on when the government decide they will no longer allow us to buy petrol or diesel then we' are all owning cars we can't use.
This maybe very pessimistic but it's clear the uncertainty had affected new car sales and I believe this has had an impact on used car values .
I'm reading this subject with great keenis as i suspect that a lot depends on when the government decide they will no longer allow us to buy petrol or diesel then we' are all owning cars we can't use.
This maybe very pessimistic but it's clear the uncertainty had affected new car sales and I believe this has had an impact on used car values .
"Past performance is no guarantee of future returns"
I can recall customers buying cars such as Focus RS, Range Rover Sport and Jaguar F-Pace from me in 2016 citing "they don't lose their value" as at least part of their reason for choosing that model. They'll all be disappointed with that aspect of their purchase today.
"Porsches never lose money", but buy an Approved Used 911 for £80000 and if you offered it back to the dealer the next day what would he offer you for it? £75k? £70k? And no doubt £5000-10000 less than that in 12 months time.
If you want or need to forecast the depreciation then a good rule of thumb is to work on 25% pa on a reducing balance, so £30k car is £22500 after 12 months, £17k after 2 years, £13k after 3 years.
Use those kind of figures to forecast and you will end up on budget or better when you come to sell it.
I can recall customers buying cars such as Focus RS, Range Rover Sport and Jaguar F-Pace from me in 2016 citing "they don't lose their value" as at least part of their reason for choosing that model. They'll all be disappointed with that aspect of their purchase today.
"Porsches never lose money", but buy an Approved Used 911 for £80000 and if you offered it back to the dealer the next day what would he offer you for it? £75k? £70k? And no doubt £5000-10000 less than that in 12 months time.
If you want or need to forecast the depreciation then a good rule of thumb is to work on 25% pa on a reducing balance, so £30k car is £22500 after 12 months, £17k after 2 years, £13k after 3 years.
Use those kind of figures to forecast and you will end up on budget or better when you come to sell it.
Wooda80 said:
I can recall customers buying cars such as Focus RS, Range Rover Sport and Jaguar F-Pace from me in 2016 citing "they don't lose their value" as at least part of their reason for choosing that model. They'll all be disappointed with that aspect of their purchase today.
I don't think so at all. I paid £35k for my Focus RS. I haven't clocked up many miles but fully loaded ones like mine with a few more miles are selling in the region of £29k. £6k over 2 years is damned good for a new car and works out cheaper than one of those silly cheap Golf R lease deals of the time.Others that bought a low spec one for £30k will see theirs worth around £25k at 2 years old so have depreciated even less. It's a car that is doing very well so far.
Edited by Ahbefive on Friday 25th May 06:42
Ahbefive said:
Wooda80 said:
I can recall customers buying cars such as Focus RS, Range Rover Sport and Jaguar F-Pace from me in 2016 citing "they don't lose their value" as at least part of their reason for choosing that model. They'll all be disappointed with that aspect of their purchase today.
I don't think so at all. I paid £35k for my Focus RS. I haven't clocked up many miles but fully loaded ones like mine with a few more miles are selling in the region of £29k. £6k over 2 years is damned good for a new car and works out cheaper than one of those silly cheap Golf R lease deals of the time.Others that bought a low spec one for £30k will see theirs worth around £25k at 2 years old so have depreciated even less. It's a car that is doing very well so far.
Edited by Ahbefive on Friday 25th May 06:42
https://www.autotrader.co.uk/classified/advert/201...
It's a rubbish ad but the car is a 16 plate which appears to have shell seats, Custom Pack, forged wheels, desirable colour, at a Ford agent for just over £25000. Not sure what else it could have had other than a sunroof and door edge protectors. There are more expensive ones, but also cheaper ones out there.
I guess this car would trade about £22k which would suggest a monthly cost that makes a leased Golf R look very sensible. If you are expecting £29000 for yours then you might have just blown a hole in your budget, my forecast of 25% pa would have been pretty much bang on.
Wooda80 said:
At the risk of derailing the thread into a he said / she said, cars like this one are not uncommon:
https://www.autotrader.co.uk/classified/advert/201...
It's a rubbish ad but the car is a 16 plate which appears to have shell seats, Custom Pack, forged wheels, desirable colour, at a Ford agent for just over £25000. Not sure what else it could have had other than a sunroof and door edge protectors. There are more expensive ones, but also cheaper ones out there.
I guess this car would trade about £22k which would suggest a monthly cost that makes a leased Golf R look very sensible. If you are expecting £29000 for yours then you might have just blown a hole in your budget, my forecast of 25% pa would have been pretty much bang on.
Thats a cheap car and looks well specced with the paint and wheels but is the earlier and less desirable 16reg sync2. I don't think that price is all that common in that spec, and without viewing who knows how well it has been kept internally and externally. Sunroof was £500, door edge £100, Lux pack £1k, 5year warranty £500. Mine has done 15% of those miles is sync3 and mint and if I ever sold I wouldn't be selling it trade anyway, never have done.https://www.autotrader.co.uk/classified/advert/201...
It's a rubbish ad but the car is a 16 plate which appears to have shell seats, Custom Pack, forged wheels, desirable colour, at a Ford agent for just over £25000. Not sure what else it could have had other than a sunroof and door edge protectors. There are more expensive ones, but also cheaper ones out there.
I guess this car would trade about £22k which would suggest a monthly cost that makes a leased Golf R look very sensible. If you are expecting £29000 for yours then you might have just blown a hole in your budget, my forecast of 25% pa would have been pretty much bang on.
Even at your estimation being a worse case scenario at 25%, as a trade in that is very good for a new car after 2 years.
Edited by Ahbefive on Friday 25th May 20:25
LarsG said:
If I was worried about depreciation I wouldn't have bought a Ford..... contrary to the general assumption German cars are best and badge envy that seems prevelant in this country, I have a more exclusive car compared to the common German ones.
Go on then i'll bite?Your point will only be correct if you pull a GT40 out of the bag, or perhaps a legacy RS??
w8pmc said:
LarsG said:
If I was worried about depreciation I wouldn't have bought a Ford..... contrary to the general assumption German cars are best and badge envy that seems prevelant in this country, I have a more exclusive car compared to the common German ones.
Go on then i'll bite?Your point will only be correct if you pull a GT40 out of the bag, or perhaps a legacy RS??
bosshog said:
Anyone know of UK market based website that give historical prices if a given car/model over time in the second hand market? I'm surprised autotrader doesn't do it as they have the data .
Trying to figure out the depreciation on some potential cars I'm interested in
Thansk
Bit of a long shot but you could try using the Wayback machine to search car sales website pages from the past.Trying to figure out the depreciation on some potential cars I'm interested in
Thansk
Eg. this is the stock page of Dove House cars from 3rd Feb 2006 :
https://web.archive.org/web/20060203042214/http://...
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