glasses/cap depreciation question
Discussion
Blown2CV said:
Triple7 said:
£800-£1k/month I would think....
well it only averaged out £600 a month from new to when i bought it so I think that's a little pessimistic. When you say you think, did you actually look it up?New 45.5k
Retail 25-27k
Cap 24-21k dependent on vehicle state, you state 33000 above average mileage therefore lower cap
Therefore 800-1000 per month depreciation over 24 months = £24K baseline, I agree with Triple 7
Just trying to find out how quick it is depreciating relative to how quickly i am paying the loan off you see. This is to determine (just for peace of mind) how much and if i would be in the hole to sell out of it privately (not trade in). I am under the impression that it would be worth £25k+ in a private sale, so whilst between the original retail price and the price I bought it for, the difference across that period seems to be £750pcm, but since i bought it it has dropped to £500pcm.
Edited by Blown2CV on Wednesday 7th November 14:35
Blown2CV said:
Just trying to find out how quick it is depreciating relative to how quickly i am paying the loan off you see. This is to determine (just for peace of mind) how much and if i would be in the hole to sell out of it privately (not trade in). I am under the impression that it would be worth £25k+ in a private sale, so whilst between the original retail price and the price I bought it for, the difference across that period seems to be £750pcm, but since i bought it it has dropped to £500pcm.
A private sale 24-25k given you are not the original owner by the comment above, retail 25-27k will come with full dealership preparation and warranty. Depreciation is not a smooth line. First year steep, 2nd year less and 3rd year less. Then steepens again as MOT and supply (ex-lease) will flood market with 3 year old cars. If the vehicle is not liked by the market then years 4 and 5 can be rough, look at large French cars they can be worth nothing after 5 years undesirable.Edited by Blown2CV on Wednesday 7th November 14:35
XF is now 5 years old early 2.7's are dropping in value, also the 3.0 has been superceded by the 2.2 as the best XF seller, mpg is important in the current economic climate and the 2nd hand private market may see the 3.0 as less attractive than the 2.2 (just a thought)
Domf said:
Blown2CV said:
Just trying to find out how quick it is depreciating relative to how quickly i am paying the loan off you see. This is to determine (just for peace of mind) how much and if i would be in the hole to sell out of it privately (not trade in). I am under the impression that it would be worth £25k+ in a private sale, so whilst between the original retail price and the price I bought it for, the difference across that period seems to be £750pcm, but since i bought it it has dropped to £500pcm.
A private sale 24-25k given you are not the original owner by the comment above, retail 25-27k will come with full dealership preparation and warranty. Depreciation is not a smooth line. First year steep, 2nd year less and 3rd year less. Then steepens again as MOT and supply (ex-lease) will flood market with 3 year old cars. If the vehicle is not liked by the market then years 4 and 5 can be rough, look at large French cars they can be worth nothing after 5 years undesirable.Edited by Blown2CV on Wednesday 7th November 14:35
XF is now 5 years old early 2.7's are dropping in value, also the 3.0 has been superceded by the 2.2 as the best XF seller, mpg is important in the current economic climate and the 2nd hand private market may see the 3.0 as less attractive than the 2.2 (just a thought)
A very sad thought that a 2.2 diesel could be perceived as "more attractive" than a 6 pot. You've got to wonder what sort of mush-brained pillock buys a new (or newish) car with a small diesel engine to save money. Fuel savings and road tax savings are utterly blown out of the water by depreciation on a new car unless you're in the territory of comparing new diesel Fiat Pandas with 15 year old Merc V12 coupes. You'd need to be doing starship milage to make a new car with a small diesel cheaper to run over the course of a year than pretty much anything that's done the bulk of it's depreciating.
I find it absolutely incredible. Sorry for the rant/hijack!
I find it absolutely incredible. Sorry for the rant/hijack!
jamieduff1981 said:
A very sad thought that a 2.2 diesel could be perceived as "more attractive" than a 6 pot. You've got to wonder what sort of mush-brained pillock buys a new (or newish) car with a small diesel engine to save money. Fuel savings and road tax savings are utterly blown out of the water by depreciation on a new car unless you're in the territory of comparing new diesel Fiat Pandas with 15 year old Merc V12 coupes. You'd need to be doing starship milage to make a new car with a small diesel cheaper to run over the course of a year than pretty much anything that's done the bulk of it's depreciating.
I find it absolutely incredible. Sorry for the rant/hijack!
James, the truth is most new XF's are bought as company fleet cars. Now most companies have environmental policies and are looking to cut their CO2 emissions. The quickest way and why all the prestige brands are down sizing engines is for the company to buy 2.2 rather than 3.0. My own company now has a (co2 g/km) max 140 policy for company cars this only allows the XF 2.2d @ 135 (co2 g/km) on the list the XF 3.0d is 169(co2 g/km) and therefore is not an option. Check out the german competition BMW now have the 520d down to 125 (co2 g/km), Ford are bringing out a 1 litre Mondeo that has the power of a current 1.6.I find it absolutely incredible. Sorry for the rant/hijack!
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