What is the worst depreciating car in the UK?

[anonymous-user]

The BMW M5 was offered 25k off list, depreciation before even buying it.

[TwigtheWonderkid]

Baked_bean said:

TwigtheWonderkid said:

I lot of depreciation league tables go by percentage. That seems a bit pointless to me. Does it matter that their Dacia has lost 75% of it's new price in 3 years, when it only cost you £6K?

I feel that percentage is the only fair way to score it. To the person that buys a £10k car, the £6k is a lot of money, whereas £6k is minimal on a £200k car.

But it wouldn't be £6 on a £200K car. The same percentage depreciation would be a £120K loss.

Plus, there are plenty of wealthy people who drive cheap cars. One of the richest of my friends drives a 2003 Clio Diesel. Maybe that's how they stay wealthy.

[M4cruiser]

bcr5784 said:

Bestle said:

Most of these depreciation articles also don't take into account actual purchase price. Nobody is paying RRP for an S class.

That's a crucial point. That said, the previous S class Mercedes were being discounted by huge amounts a year ago, the new car is hardly discounted at all currently - so it makes a vast difference when you buy one.

^^ This is it, yes. You can fiddle the figures by including or ignoring options and discounts.

Years ago Daewoo had huge depreciation, but that was because the full list price included all maintenance for 3 years. Of course the residual value of that bit was nothing. If you started at the price of the actual car then they depreciated about the same as a Vauxhall (which was pretty bad anyway ...)

[RoVoFob]

bcr5784 said:

That's a crucial point. That said, the previous S class Mercedes were being discounted by huge amounts a year ago, the new car is hardly discounted at all currently - so it makes a vast difference when you buy one.

The M6 Gran Coupe was available with interest-free credit and a £25k deposit contribution from BMW when new (think this was probably 2016-2017 ish).

That equates to 25% depreciation on day one if you focus on the RRP.

Car finance skews everything; manufacturers can easily bump up the cost to customers without them realising, thanks to cash price increases (which often aren’t noticed by drivers who obsess on monthly payment figures rather than comparing like-for-like finance quotes), higher interest rates and reduced deposit contribution discounts.

Financing a new car is a minefield if you don’t know how the game works…

[Lester H]

DodgyGeezer said:

Having just sold my old car I thought I'd have a giggle and look what else a similar price and age would get you. To my surprise I found that you could pick up a 2013 M6 4.4 Gran Coupe - having lost £74,000 in the intervening 8 years

Surely that has to be up there as one of the worst depreciating cars?

It surely is. Problem is that BMW wanted to cover every possible niche, and even invented a few like this. Yes VW and Mercedes did 4 door coupes but they were not ( in relative terms only) funny money. Of course, this leads on to the “Bangernomics” argument.... wait till someone else has taken the depreciation or, as a local trader put it ‘taken the medicine’ and things like this become affordable although the running costs will still be steep.

[Baked_bean]

TwigtheWonderkid said:

But it wouldn't be £6 on a £200K car. The same percentage depreciation would be a £120K loss.

Plus, there are plenty of wealthy people who drive cheap cars. One of the richest of my friends drives a 2003 Clio Diesel. Maybe that's how they stay wealthy.

Not disputing the percentages, was more the ‘only £6k’ argument when £6k is a lot of money for some and is why people look at % depreciation.

[Soloman Dodd]

Mr Miata said:

^^^ And who is that in the background, looking out the window?

That fine figure of a man is Bibendum.

[Trophy Husband]

Soloman Dodd said:

Mr Miata said:

^^^ And who is that in the background, looking out the window?

That fine figure of a man is Bibendum.

Monsieur Bibendum!
To the unaware, the Michelin Man.

[Jasey_]

Got a z4 35is brand new for 31k a 14k discount.

Sold it a year later for 32k

For me best 13k depreciation ever

For bmw they "lost" 14k the day I bought it that must be a record percentage wise.

[M4cruiser]

RoVoFob said:

Car finance skews everything; manufacturers can easily bump up the cost to customers without them realising, thanks to cash price increases (which often aren’t noticed by drivers who obsess on monthly payment figures rather than comparing like-for-like finance quotes), higher interest rates and reduced deposit contribution discounts.

Financing a new car is a minefield if you don’t know how the game works…

^ ^ So true.
I meet people who actually don't know about depreciation as a thing, they just work on monthly cost, and totally don't understand that it's a combination of finance cost (i.e. interest) and car cost (i.e. depreciation).

"Monthly (re)payment" can be made to be anything at all. Even zero. Simply by tinkering with the initial deposit, final payment, number of months and interest rate.
But it typically ends in a "9". Which again can be fiddled by tinkering with the "freebies" which aren't free. Like a service or two, included.