71 plate vs 22 plate car

[dscice]

Hi I have a car on order that has been delayed and is now due to be delivered in February instead of December - am I going to lose a lot of money in the residule value when I come to sell in a few years because it's a 71 plate instead of a 22 plate ?

[The Rotrex Kid]

Depends on the car. But in reality no, not a lot.

[Mark V GTD]

No - quite the opposite - you have gained as the car is now a 2022 car instead of a 2021 car as it was originally going to be.

[2 sMoKiN bArReLs]

dscice said:

Hi I have a car on order that has been delayed and is now due to be delivered in February instead of December - am I going to lose a lot of money in the residule value when I come to sell in a few years because it's a 71 plate instead of a 22 plate ?

Top lurking though. 11 years!

[speedking31]

Two months younger and both would be 71 plate, unless I'm reading you wrong. You think a 2 month younger car would be worth less than an older one?

[dscice]

Hi All

Thanks for the responses - I was thinking that the plate showing 71 would make it worth less than it showing 22 when I come to sell ??

[Roger Irrelevant]

Err.. wasn't it going to be a 71 plate anyway? Tbh I'm a bit surprised that somebody with the means and inclination to buy a brand new car really cares. I'm too tight to buy a new car but I've never given a toss about depreciation.

[Auto810graphy]

It does make a difference, a 2022/ 71 will always appear newer in age searches on Autotrader etc than a 2021/71, being a 22 will again make it more appealing. Depends what car and over what term but I would expect most mainstream cars to have about £350 swing after 3 years.

[2 sMoKiN bArReLs]

dscice said:

Hi All

Thanks for the responses - I was thinking that the plate showing 71 would make it worth less than it showing 22 when I come to sell ??

I'd imagine that if it's coming towards the end of the month they'd hold off until 1st March. (If it really bothers you)

[ChocolateFrog]

Just wait until March 1st.

It'll make a small difference all things being equal.

[dscice]

I have asked the delaer to delay and they will not hold it back - it is a HYUNDAI TUCSON - N Line S

[Mark V GTD]

dscice said:

I was thinking that the plate showing 71 would make it worth less than it showing 22 when I come to sell ??

If the dealer will hold the car for you until 1st March then thats the way to go - at least you then get the 'feel good' factor (if you are that way inclined) of having the latest reg on your new motor. Thats what I would do :-)

[leyorkie]

dscice said:

Hi All

Thanks for the responses - I was thinking that the plate showing 71 would make it worth less than it showing 22 when I come to sell ??

When I was responsible for a company fleet we would never buy in January or February a 2022 71 plate will fetch less than 2022 22 plate on disposal.
Dealers will discount in Jan/Feb to keep sales moving.

[ncbbmw]

dscice said:

I have asked the delaer to delay and they will not hold it back - it is a HYUNDAI TUCSON - N Line S

As it's a sold car when it arrives Hyundai will no doubt only give the dealer x amount of days free credit rather than the trade normal for unsold stock of maybe 60 days hence they will want it out the door ASAP.

Also if it was a year end special deal any rebate Hyundai were giving them will likely have a cut off point, 28th Feb probably being it.

New car stock is in very short supply at present so no doubt they could sell it the same day if you were to cancel but asking for a gesture of discount or some freebies are worth a go for taking the car in Feb.

[The Rotrex Kid]

dscice said:

I have asked the delaer to delay and they will not hold it back - it is a HYUNDAI TUCSON - N Line S

I’ve just looked.

The book price for a Sept 21 N-Line 1.6 TGDI 2WD with 10k miles is £25000

An august registered car with the same spec and miles js £24750. So there you got. Worst case is £250. After 3/4/5 years it would be inconsequential compared to what you’ve lost overall.

[TwigtheWonderkid]

Reg plates matter much less now there's 2 releases a year instead of the one there used to be prior to 2001. Plus there's now 3 plates covering every year. 2022 will have 71 Jan & Feb, 22 March-August, and 72 Sept -December.

All people are interested in is the year. Bigger difference in price between a December and January car than a Feb or March car.

[dscice]

Thanks for everyone's help and advice

[knitware]

I have a new car arriving at the dealers 1st/2nd week Feb, it will be delivered to me in Feb. Perhaps a little different to your circumstances as I have a private reg going on and it's on PCP.

[Mark V GTD]

knitware said:

I have a new car arriving at the dealers 1st/2nd week Feb, it will be delivered to me in Feb. Perhaps a little different to your circumstances as I have a private reg going on and it's on PCP.

When you come to sell it the private plate will be removed I presume and an age related plate assigned by DVLA? As its a PCP you have a financial interest in the car (the more its worth at the end of the agreement the greater your equity will be) and it may be a sensible move to delay registering the car until March 1st as it will then be on a '22' plate. As this is a 'year' plate its more clearly associated with the year rather than the 71 plate which straddles two years and is not as obviously related to the age of the car in the eyes of many punters.