Aston Residuals debate..... your thoughts?
Discussion
GT2man-2 said:
They're comforting words for those who have recently decided not to put lots of money in a fast depreciating car !
I did start this originally because of concerns about Astons over supply, it was evident before the credit crunch hit that used prices would be under pressure because Aston were simply supplying to demand (with new dealer stock)rather than keeping a strong waiting list that would sure up used prices. Once a brands residuals fall apart, it greatly undermines future long term sales potential!What has made things even worse for the AMV8 is the launch of the new 4.7, a combination of oversupply, credit crunch & new more powerful model have combined to undermine 4.3 prices in particular! BUT they are such great value now that they appear to be selling rather well ironically against the credit crunch tide!
Final key point, since my original post house prices have dropped by 20%, shares by around 33% & none of our money in the bank seems safe, so ironically with used prices now low & demand high maybe a used AMV8 is a better investment
than stocks, shares, houses & banks 
.. go figure 
!LOL at Grant 
youre not wrong though ....Ive "lost" more in share value than in the Vantage during this "credit crunch" phase too
in fact, looking at it percentage wise, the Vantage is actually outperforming loads of cars out there depreciation wise
As usual, its just media reporting making things look worse than what they are to sell papers - pre credit crunch, any car that held 40-50% of RRP at 3 years was very rare indeed, so 3 year old, leggy Vantages at 40% of RRP is eerrrrrr...normal isnt it?
fancy a 3 yr old Ferrari 612? - down from £190K to £80K ..only £3K per month loss ...is that any worse/better than an Aston ?....well Vanquishes are holding at £50K at 6 years old (35% ish) whereas most mainstream brands at 6 years would be like 15-20% (if you are lucky) so me thinks they are a better "investment" ..all just depends how you report the figures of course LOL
youre not wrong though ....Ive "lost" more in share value than in the Vantage during this "credit crunch" phase too
in fact, looking at it percentage wise, the Vantage is actually outperforming loads of cars out there depreciation wise
As usual, its just media reporting making things look worse than what they are to sell papers - pre credit crunch, any car that held 40-50% of RRP at 3 years was very rare indeed, so 3 year old, leggy Vantages at 40% of RRP is eerrrrrr...normal isnt it?
fancy a 3 yr old Ferrari 612? - down from £190K to £80K ..only £3K per month loss ...is that any worse/better than an Aston ?....well Vanquishes are holding at £50K at 6 years old (35% ish) whereas most mainstream brands at 6 years would be like 15-20% (if you are lucky) so me thinks they are a better "investment" ..all just depends how you report the figures of course LOL
As with house prices, depreciation only matters when you want out fully.
If you want to change cars, if the one you have has dropped less than the one you want, then you've actually made money
I'm watching 599 prices at the moment. If the price to change is too great in 18mths' time, then I'll just keep the Vantage (and maybe add more power). Hardly a bad position to be in overall.
If you want to change cars, if the one you have has dropped less than the one you want, then you've actually made money
I'm watching 599 prices at the moment. If the price to change is too great in 18mths' time, then I'll just keep the Vantage (and maybe add more power). Hardly a bad position to be in overall.
I'm hoping to get in to a Vantage in the next year/18 months (credit isn't as easy to come by at the moment). Whilst I think values are still falling; I'd say the Vantage is about a low as it's going to go for good, solid, low-milers. I haven't seen a meteorite/black car for less than £45k that I'd go and look at (red interiors and weird aqua colours excepted).
It does fuss me much - I think this is a good thing!
It does fuss me much - I think this is a good thing!
bromers2 said:
Is there any danger of AM going into administration ? IF it did I'd imagine this could have a massive negative effect on residuals.
Unlikely on both counts, but 2 years ago was there any danger of whats happened with the banks? So who can really say.One thing, thoughL if you have the means then yes you should. Life is too short to worry about residuals. And when the credit crisis/recession/depression passes (and it will) the green agenda will reappear, an we probably wont be allowed to even read about cars like this, nevermind own them and enjoy them. So enjoy them now. You only live once, and I'd rather tell my Grandchildren I owned an Aston Martin then tell them I had the chance, but didnt bother because you neve know what might happen
williamp said:
One thing, thoughL if you have the means then yes you should. Life is too short to worry about residuals. And when the credit crisis/recession/depression passes (and it will) the green agenda will reappear, an we probably wont be allowed to even read about cars like this, nevermind own them and enjoy them. So enjoy them now. You only live once, and I'd rather tell my Grandchildren I owned an Aston Martin then tell them I had the chance, but didnt bother because you neve know what might happen
Hallelujah
At last, someone with the right idea.
I am sick to the back teeth of the moaners droning on and on about how you can get an Aston/Porsche/747/Lear Jet/spaceshuttle* for £2.50 and a bag of crisps.
You're a long time dead.
*insert something you'd like but can't quite afford here
if they go into administration, sure, sure, there may be a few panic sellers to start with, but after that, the value will be going up/stable - TVRs seem to have the most stable residuals now, and havnt existed for near 2 years LOL
not that they would of course - *someone* would buy them just for the brand ...it would be small change to Porsche/VW/Audi/Seat/Lambo/Bentley/etc car group
not that they would of course - *someone* would buy them just for the brand ...it would be small change to Porsche/VW/Audi/Seat/Lambo/Bentley/etc car group
matc said:
Surely they aren't going to be £20k in a years time??
Well.. even main dealers have them in their £30s now..https://used.astonmartin.com/en-GB/Search/Details~...
Grant3 said:
Your thoughts folks 
If you are so worried about the depreciation that it will affect your enjoyment of the car, then don't get one??!!?? Or keep it for many, many years??!?! Alternatively, your house has probably dropped 25k in the last year as well, so the car doesn't seem too bad?
GT2man-2 said:
Well.. even main dealers have them in their £30s now..
https://used.astonmartin.com/en-GB/Search/Details~...
Realistically priced IMO. Earlyish car, not full loaded etc.https://used.astonmartin.com/en-GB/Search/Details~...
And still only a smidge under 50% new cost.
DSLiverpool said:
I think 50% depreciation after 3 years in the current climate is very good - in fact there are not many "nice" cars in this window so my 2 cents is that after an initial hit they level out and probably outperform the general market (cos Aston buyers are less crunched than others ?)
There are a lot of cars from different marques bunching up in the 30-45k bracket IMO.I suspect modern production volumes are (a large) part of the cause of prices dropping relatively quickly to this point.
After that, once the cars are at this level, anyone even remotely interested in nice cars will look at this price point and be comparing them to newer versions of really mundane stuff that they may have previously had no choice but to buy as there were no "premium", reasonably new cars available at the price point.
I suspect what will happen as we move on is that those cars that people really lusted after will continue to hold at this price point, and those that were just jumping on the bandwagon will continue to fall.
As an example, I firmly believe that the F355 will hold where it is, and the F360 (std version) will continue to slide (albeit slowly).
As another, I suspect something like a Porsche 997 will continue to slide, but the Aston V8V will slide much more slowly.
AstonZagato said:
The local dealer told me prices were firming in the last month...
I suspect because they've found the right level to clear the old stocks.If they are now ultra-careful with supply levels of new cars, residuals may well do OK over the next couple of years.
I suspect they'll find that tough to do though.
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