V8V Depreciation
Discussion
who knows ...but with fewer new car sales and lack of cheap finance for anyone on minimum wage I think it will settle down..simple market dynamics, less available cars and lots of people that would like one
5 year old cars are £30K trade (ish) ...until people start putting 80-100K miles on em, I think it will steady out for a while
5 year old cars are £30K trade (ish) ...until people start putting 80-100K miles on em, I think it will steady out for a while
Southwestdave said:
Currently 2007 V8Vs seem to be losing approx £6k to £7k per year, at least they have in the last year. What is the view of this over the next one to two years, do people see that same level of depreciation continuing?
Dave, your posting is a wee bit muddled in that it is superimposing a straight line methodology over what is essentially a reducing balance depreciation. You would be better thinking in %s each year otherwise you will arrive at a value of zero which is unrealistic.Even then a higher % is noticeable in the first few years (theoretically), levelling out to say 10% after a certain period of time, say 5 years or so.
Thus, I would suggest your scenario is about to hit a level depreciation and so no, £6k to £7k may not be constant but the % on the reduced balance may well be.
Off for me fry up now
Jockman said:
Dave, your posting is a wee bit muddled in that it is superimposing a straight line methodology over what is essentially a reducing balance depreciation. You would be better thinking in %s each year otherwise you will arrive at a value of zero which is unrealistic.
Even then a higher % is noticeable in the first few years (theoretically), levelling out to say 10% after a certain period of time, say 5 years or so.
Thus, I would suggest your scenario is about to hit a level depreciation and so no, £6k to £7k may not be constant but the % on the reduced balance may well be.
Off for me fry up now
Your right Jockman, I should have put things in the form of a percentage depreciation number. Just wondering if I had kept my car for another year or two what hit I would have taken. All will be revealed in the fullness of time I guess.Even then a higher % is noticeable in the first few years (theoretically), levelling out to say 10% after a certain period of time, say 5 years or so.
Thus, I would suggest your scenario is about to hit a level depreciation and so no, £6k to £7k may not be constant but the % on the reduced balance may well be.
Off for me fry up now
Boy could I eat a fry up right now, had to make do with some cornflakes
Every time I see one of these depreciation threads it reminds me of my time on the Porsche forum where people seem to be infatuated with it - along with their engines going pop that is. One thing is for sure, you buy an AMV8 it will depreciate at a level you have no control over. If that isn't palatable, use the money to buy a good 996 GT3 or 993 Turbo and minimise your future losses.
Only downside is that you still won't be driving an Aston Martin
Only downside is that you still won't be driving an Aston Martin
alxce said:
Every time I see one of these depreciation threads it reminds me of my time on the Porsche forum where people seem to be infatuated with it - along with their engines going pop that is. One thing is for sure, you buy an AMV8 it will depreciate at a level you have no control over. If that isn't palatable, use the money to buy a good 996 GT3 or 993 Turbo and minimise your future losses.
Only downside is that you still won't be driving an Aston Martin
Agreed. Best not to get besotted with it. If you are depreciation-averse then opt for the V12V out of the current fleet.Only downside is that you still won't be driving an Aston Martin
There are far too many variables out of your control, especially in the macro-environment. Government road building / speed / Co2 policies, potential product recalls, limited editions, expanding product portfolios etc can all impinge upon the value of your car.
Best just to enjoy it I say
Southwestdave said:
or bottle it like me and sell 
Think of it this way Dave.You could now buy your car back CHEAPER than your original payment for it.
And so depreciation has worked in your favour
Job's a good 'un. My work here is done.
Bacon and black pudding toastie for brunch methinks
Jockman said:
Think of it this way Dave.
You could now buy your car back CHEAPER than your original payment for it.
And so depreciation has worked in your favour
Job's a good 'un. My work here is done.
Bacon and black pudding toastie for brunch methinks
Good way of looking at it, could buy back the car I just sold for £2.50 and a ballon on a stick if I wait long enough You could now buy your car back CHEAPER than your original payment for it.
And so depreciation has worked in your favour
Job's a good 'un. My work here is done.
Bacon and black pudding toastie for brunch methinks
Although less sure about the black pudding
Southwestdave said:
Although less sure about the black pudding
It's making a comeback Dave (outside the southwest), especially with a little scallop perched on top.I fear the cornflakes have eroded your tastebuds.
I heard many years ago that the Quakers created cornflakes as a cure for masturbation, and that currently there is more nutritional value in the cardboard box than in the edible contents. Could be old wives' tales ?
Be better if you could fry them
Jockman said:
alxce said:
Every time I see one of these depreciation threads it reminds me of my time on the Porsche forum where people seem to be infatuated with it - along with their engines going pop that is. One thing is for sure, you buy an AMV8 it will depreciate at a level you have no control over. If that isn't palatable, use the money to buy a good 996 GT3 or 993 Turbo and minimise your future losses.
Only downside is that you still won't be driving an Aston Martin
Agreed. Best not to get besotted with it. If you are depreciation-averse then opt for the V12V out of the current fleet.Only downside is that you still won't be driving an Aston Martin
There are far too many variables out of your control, especially in the macro-environment. Government road building / speed / Co2 policies, potential product recalls, limited editions, expanding product portfolios etc can all impinge upon the value of your car.
Best just to enjoy it I say
Any other approach could be considered reckless.
Jockman said:
I heard many years ago that the Quakers created cornflakes as a cure for masturbation, and that currently there is more nutritional value in the cardboard box than in the edible contents. Could be old wives' tales ?
Be better if you could fry them
That could explain a few things, there was me thinking it was the ageing process, when it was the cornflakes all along Be better if you could fry them
Calculator said:
Any other approach could be considered reckless.
Not too sure about the 'reckless' bit, but not many people buy these cars from a tangible investment stance. It's the non-tangibles that seem to take precedence. At the purchase point your heart and your head are not in tandem so to speak.Most people would view the depreciation as an allowable and affordable cost to owning a gorgeous car.
BTW we need to agree to disagree on the 'supercar' label
Calculator said:
At £35-40k for an early car, these look like a steal. I would have thought that as a 3yr ownership proposition, they will be one of the most cost efective ways of owning a 'supercar'.
Not sure I would call an Aston a "super car”.....with regard to depreciation, buy a 4 or 5 year old one it will then depreciate at about the same level as a new 25k VW but because its older you’re more likely to have higher maintenance bills.....this subject has been done to death.....lets talk about Jockmans black pudding breakfast...far more interesting
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