Residual Value - Other Options

Residual Value - Other Options

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Discussion

mc_blue

Original Poster:

2,548 posts

218 months

Monday 15th December 2014
quotequote all
Hi all,

I'm considering a 12C along with a couple of other options to run for the summer for a period of approximately 6 months. The idea is to be able to get out of it pretty quickly with a budget of £140k.

The options are as follows:

458 Italia (standard car low spec)
12C (maybe a Spider with good spec)
Gallardo Superleggera or Performante

My personal preference is the Gallardo at the moment just due to the fact it is the special model of the "normal" car. However, some recent 12C Spiders look pretty exciting too. My concern is how much money I could potentially lose on the Mac relative to the other cars. Does anyone have any idea/an educated guess as to how the values will be looking for these cars at this price point?

GRBF430F1

4,843 posts

170 months

Monday 15th December 2014
quotequote all
Tricky one, but if you are buying at Retail and selling at Trade you will be lucky to escape with anything less than £10k just for starters.

Need to buy an entry level price wise ( potentially higher mileage ) of any of those cars to reduce depreciation but it also depends on how many miles you intend to do as you don't really want to exceed 10k, 20k mileage bandsw.

All will depreciate unless you buy right in the first place and strangely it may be better buying now than in the spring if a dealer is looking to get out of stock over the winter months before prices and demand rebound

New model 458T is out in spring so I can see 458 Italia's definitely dropping as more come onto market.
Gallardo spyder particularly Performante, as its rarer should hold reasonably well whilst Huracan spyder is not available

12 C's seem incredible value and the bottom end coupe has been static for a while now so this should help spider values

I think its down to personal preference and buying right as I see Mac and Lambo being much of a muchness, possibly 12C shading it. 2 very different style of cars but both supercars in their own right

Just to throw a curve ball in there, if depreciation is your main factor you need to buy a 430 scuderia. A proper supercar you could run and potentially even make a profit if not eliminate the depreciation

TP321

1,478 posts

198 months

Monday 15th December 2014
quotequote all
GRBF430F1 said:
Tricky one, but if you are buying at Retail and selling at Trade you will be lucky to escape with anything less than £10k just for starters.

Need to buy an entry level price wise ( potentially higher mileage ) of any of those cars to reduce depreciation but it also depends on how many miles you intend to do as you don't really want to exceed 10k, 20k mileage bandsw.

All will depreciate unless you buy right in the first place and strangely it may be better buying now than in the spring if a dealer is looking to get out of stock over the winter months before prices and demand rebound

New model 458T is out in spring so I can see 458 Italia's definitely dropping as more come onto market.
Gallardo spyder particularly Performante, as its rarer should hold reasonably well whilst Huracan spyder is not available

12 C's seem incredible value and the bottom end coupe has been static for a while now so this should help spider values

I think its down to personal preference and buying right as I see Mac and Lambo being much of a muchness, possibly 12C shading it. 2 very different style of cars but both supercars in their own right

Just to throw a curve ball in there, if depreciation is your main factor you need to buy a 430 scuderia. A proper supercar you could run and potentially even make a profit if not eliminate the depreciation
Good points, but the 12C has the 430 Scuderia well and truly beaten.

GRBF430F1

4,843 posts

170 months

Monday 15th December 2014
quotequote all
TP321 said:
Good points, but the 12C has the 430 Scuderia well and truly beaten.
Yes maybe in a game of top trumps but the scud is a proper drivers car with a soundtrack to die for.
If you want the fastest car with the ability to drop the roof a 12C spider is unbeatable but it will lose money

If you want a fun car with an epic sound that will always make you smile and not cost you money the scud can't be beaten.

Is the 12C worth potentially £20k more to run over a 6 month tenure ? That's too rich for my personal taste

ferdi p

1,519 posts

172 months

Tuesday 16th December 2014
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I'm about to buy a 12c spider but I'm sure it will hurt if I were to try & get rid after only 6 months!

Of the 3 cars you mention it would be a tough call to work out which will lose the least. Personally I believe the best way would be to buy before Feb & sell no later than mid august.

The 430 scud is a good call & you may even see a profit!

GRBF430F1

4,843 posts

170 months

Tuesday 16th December 2014
quotequote all
ferdi p said:
I'm about to buy a 12c spider but I'm sure it will hurt if I were to try & get rid after only 6 months!

Of the 3 cars you mention it would be a tough call to work out which will lose the least. Personally I believe the best way would be to buy before Feb & sell no later than mid august.

The 430 scud is a good call & you may even see a profit!
If you want to run it for 6 months I agree you need to buy before February but disposal of a spider going into September is going to be tough so I would actually suggest marketing the car mid July that way someone else can see 6 - 8 weeks "summer" use. If you buy low off season and sell high on season you will minimise your loss for 6 months ownership. Buy in March and sell in September and I reckon the ownership cost could even double for the 6 months tenure

mb1

579 posts

256 months

Tuesday 16th December 2014
quotequote all
You want to bear in mind that cars above £100k are very difficult if not impossible to sell privately.
Which means you will always loose out a great deal going through the dealer margins twice in a short space of time.

Having owned both, the Gallardo is no match for the 12C. You will look good but it is a crap car to drive (sorry, i really did not like mine !). Be carefull with the Lambo as well with the clutch life as you might end up with a nice bill even with little mileage....

Depreciation wise. I think you are looking at very similar drops over such a short time. Most of your loss will be in the dealers margins... And how many miles you have put on it. And there is nothing worse than trying not to drive a car...

mc_blue

Original Poster:

2,548 posts

218 months

Tuesday 16th December 2014
quotequote all
Thanks guys - looks like a difficult situation for me, it will definitely require more attention.

AndyP_123

5 posts

106 months

Wednesday 24th June 2015
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ferdi p said:
I'm about to buy a 12c spider but I'm sure it will hurt if I were to try & get rid after only 6 months!

Of the 3 cars you mention it would be a tough call to work out which will lose the least. Personally I believe the best way would be to buy before Feb & sell no later than mid august.

The 430 scud is a good call & you may even see a profit!
I spent ages trying to work out which car would loose the least residual value. Came across this the other day which might help http://bit.ly/1ReXygL

TISPKJ

3,650 posts

207 months

Wednesday 24th June 2015
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I don't see a superleggerra at 30-50 over a standard car.
458 seems solid currently.
I would buy the cheapest 12c with good history you can find, preferably private sale and then SOR through a dealer to sell.
I got offered a very cheap car last week so they are around if your lucky.

Wilmslowboy

4,210 posts

206 months

Wednesday 24th June 2015
quotequote all
TISPKJ said:
?....
I got offered a very cheap car last week so they are around if your lucky.
I'm in the mkt for something off the list......if you do not take up the option on the car you mentioned above...would you mind PM'ing me the details ??

XBOW

1,670 posts

181 months

Wednesday 24th June 2015
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According to how often you get to drive the car, it may be cheaper to join the likes of P1 club for the 6 months ?

TISPKJ

3,650 posts

207 months

Thursday 25th June 2015
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Wilmslowboy said:
TISPKJ said:
?....
I got offered a very cheap car last week so they are around if your lucky.
I'm in the mkt for something off the list......if you do not take up the option on the car you mentioned above...would you mind PM'ing me the details ??
PM sent

Wilmslowboy

4,210 posts

206 months

Thursday 25th June 2015
quotequote all
TISPKJ said:
PM sent
Not got it, tried sending one to myself and it failed ???

I sent you a PM with my direct email

Cheers

TISPKJ

3,650 posts

207 months

Thursday 25th June 2015
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Sent copy

lafcadio

112 posts

215 months

Monday 29th June 2015
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Considering the 12c spider currently. Would hope to get for £140k or thereabouts in September...like others on the thread, thinking of keeping for a 6-9 month period then selling (having a nice car is a treat for self every three years...). So the depreciation matters - obviously no-one has a crystal ball, but the predictable factor in this should be the spread of retail purchase and trade sale. Is it around £10k on a £140k car? Thanks.