Early Vantages V8V - Time to hold or sell?

Early Vantages V8V - Time to hold or sell?

Author
Discussion

rossyl

Original Poster:

1,113 posts

166 months

Friday 28th September 2018
quotequote all
Hi All

I had earlier this year deliberated selling this summer, only to have a complete change of heart and keep the car.

However, looking at early V8V prices starting to dip below £30k I am now wondering if I made a mistake.

My car has just under 40k miles and is in great condition. Probably worth about £32-34k. But I'd be miffed it it dropped to say £28k.

Remembering DB7 prices they fell to £15k before recovering. Are we in for the same now?

Cheers
R

Bobajobbob

1,408 posts

95 months

Friday 28th September 2018
quotequote all
If it’s just an investment then probably best to sell as the risk is on the downside and you can better invest the cash with guaranteed growth elsewhere. If you drive it and intend to keep doing so for years to come then I wouldn’t worry too much.

NewbishDelight

118 posts

67 months

Friday 28th September 2018
quotequote all
I'm selling mine, but that's not out of any investment thoughts - just time to get something with space for dog.

I think it depends on why you would be looking to sell - they'll go down a bit further before they start to increase. Don't forget that they made quite a lot of them!

rossyl

Original Poster:

1,113 posts

166 months

Friday 28th September 2018
quotequote all
I'd only be selling to buy something else/similar

olv

343 posts

214 months

Friday 28th September 2018
quotequote all
NewbishDelight said:
I'm selling mine, but that's not out of any investment thoughts - just time to get something with space for dog.

I think it depends on why you would be looking to sell - they'll go down a bit further before they start to increase. Don't forget that they made quite a lot of them!
My dog is happy as Larry in a basket on the parcel shelf! smile


I considered selling mine but there's nothing comparable to replace it with without spending a fortune on top.

Big Ry

1,678 posts

118 months

Friday 28th September 2018
quotequote all
rossyl said:
I'd only be selling to buy something else/similar
In which case the the buy sell spread isn't going to do you an favours.

Personally I wouldn't do that unless you were either looking for a different brand, or after a much newer Aston.

Unless it's a very rare machine, then we all know that none of this stuff is a sensible place to put your money.

I've always bought my cars to enjoy them, if I worried about the value of them then 99% of the time I wouldn't have even considered buying what I have. None of us like to loose money obviously, but you need to live and enjoy yourself, otherwise whats the point in working your arse off to get these things in the first place.

I'd just carry on enjoying what you have. The value of an early Vantage really won't change much IMHO. They're a very different beast from the DB7's (in every respect), and we also live in different times now.

ace of the base

172 posts

196 months

Friday 28th September 2018
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Values of these early cars are rather dependant on mileage, condition & options. I don't think values will change much in the near future but unless ICE vehicles become difficult to run in years to come I think values of well kept V8Vs will eventually see an increase as we are seeing with DB7s.
The danger with some early cars being good vfm is that they will be bought by some who can't afford to maintain them properly.

rossyl

Original Poster:

1,113 posts

166 months

Friday 28th September 2018
quotequote all
Not sure what the other car would be beyond an Audi R8

Don't there there are many other options

bogie

16,342 posts

271 months

Friday 28th September 2018
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Id just carry on enjoying it.

Nearly sold mine in 2009 after an accident (different car) took me off the road for a long time so it was just stood for a while.

The trade price I was offered with 40k miles on it was a joke compared with the 2007 price I paid for a 12 month old car.

So I kept it until I was driving again in 2010 and by 2016 I had doubled the mileage on it (its a weekend car) When I eventually traded in, the trade price was £10k less than I was offered in 2009.

Sure, there is yearly inflation in there to account for the value increase, but I had a lot of fun over over those extra 43k miles for the £10k perceived loss in value.

Where you are now with your Vantage in age/value/mileage even with 2x the mileage on your car, it does not make that much difference to the trade value.

If someone said now you can drive another 40k miles in a Vantage and "just" lose say £7k (plus running costs) that would be a bargain ....right ?

....at least thats how I do my man maths smile

If you just want to try different cars (as we all do at sometime) its cheaper to join a hire club and have long weekends trying them out to see if you would really get on with them long term. A few grand a year for some "special weekend drives" is less than the buy/sell margin hit you get every time you change cars........

sundayjumper

529 posts

281 months

Friday 28th September 2018
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rossyl said:
Not sure what the other car would be beyond an Audi R8

Don't there there are many other options
And you're confident an R8 *won't* drop ?


rossyl

Original Poster:

1,113 posts

166 months

Friday 28th September 2018
quotequote all
sundayjumper said:
And you're confident an R8 *won't* drop ?
Definitely not...but it's holding pretty well

Shnozz

27,422 posts

270 months

Friday 28th September 2018
quotequote all
olv said:
My dog is happy as Larry in a basket on the parcel shelf! smile


I considered selling mine but there's nothing comparable to replace it with without spending a fortune on top.
That’s the issue for me. Stunning timeless looks, V8 engine, manual box, badge on the nose. Worth peanuts.

I quite fancy something Italian before I get too old but given how little the Aston is worth it’s hard to justify. Given how good the Aston is at its price point I’m more tempted to run something alongside it or just mothball it in storage to come back to.

Shnozz

27,422 posts

270 months

Friday 28th September 2018
quotequote all
rossyl said:
sundayjumper said:
And you're confident an R8 *won't* drop ?
Definitely not...but it's holding pretty well
I’d say it’s comparable to the Vantage. Lowest R8’s were £40k when I viewed them and are now closing on early £30’s. If you’re concerned by a drop from £32 to £28 and only £4K I’d say you were as vulnerable in an R8 as you are with what you have currently.

orbit123

240 posts

191 months

Friday 28th September 2018
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I've been trying to buy one (2008-2012-ish) for a couple of months now and pricing really based on condition. A 2006 can be priced from £26k up to £50K (one on Autotrader with 100 miles on it!). Ones I've been to see often look great in photos and promised it is "mint" - then find it needs at very least the front re-sprayed, new brakes, alloys done, leather re-trimmed etc etc. I think a lot of the car is quite fragile really - either needs care or continual maintenance (which costs a lot of money).

Attraction for me is the timeless looks - best looking car in world the original V8V. Even at £40k they seem a bargain.


rossyl

Original Poster:

1,113 posts

166 months

Friday 28th September 2018
quotequote all
Good comment thanks

I hate when people aren't honest advertising

Mako V12V

3,135 posts

213 months

Friday 28th September 2018
quotequote all
rossyl said:
I hate when people aren't honest advertising
Here for sale is my mint Aston Martin, as new condition, polished every week, offers over a zillion quid.....


davek_964

8,796 posts

174 months

Friday 28th September 2018
quotequote all
Mako V12V said:
Here for sale is my mint Aston Martin, as new condition, polished every week, offers over a zillion quid.....

Still worth more than an early V8V!

orbit123

240 posts

191 months

Friday 28th September 2018
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"Always kept in garage". "Just needs some leather reviver". "Will polish right out".

Been a while since I looked at older cars - it's terrible!

stevenotwet

192 posts

75 months

Saturday 29th September 2018
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Attraction for me is the timeless looks - best looking car in world the original V8V

My thoughts exactly. I’m not a petrol head, it was the looks that attracted me , not the figures under the bonnet.

If money was no object I have the body sliced in have right Down the middle and hung on my wall

baconsarney

11,990 posts

160 months

Saturday 29th September 2018
quotequote all
rossyl said:
Not sure what the other car would be beyond an Audi R8
Audi R8.... Really? Get a grip man. Might be a great car, but it's not an Aston Martin is it? Even if it comes with heated rollers as standard, it's still not one of the most beautiful cars ever built. Which the Vantage is.

Shame on you...........

wink