When will Virage depreciation bottom out???
Discussion
Hi all,
With used prices now starting from around 70-75k a 5/6 year old Virage is worth approx half it's original price when new...........I have been wondering how much further these have to go until they reach a floor in terms of depreciation and at what age they will get there, for example, will they be around the 50k mark in another two years time? (based on the car having lost approx 12.5k p/a on average) and could they bottom out around 40k when they are 10 years old?
Obviously its all hypothetical, but I'm sure there are many folk much more knowledgeable than me, that could be pretty accurate and add some good context to my query.
Thanks in advance.
With used prices now starting from around 70-75k a 5/6 year old Virage is worth approx half it's original price when new...........I have been wondering how much further these have to go until they reach a floor in terms of depreciation and at what age they will get there, for example, will they be around the 50k mark in another two years time? (based on the car having lost approx 12.5k p/a on average) and could they bottom out around 40k when they are 10 years old?
Obviously its all hypothetical, but I'm sure there are many folk much more knowledgeable than me, that could be pretty accurate and add some good context to my query.
Thanks in advance.
The modern Virage was a kind of souped up DB9 (an extra 20bhp iirc) and adaptive suspension. So I would expect them to trade slightly above those (maybe £5k?). if you want a proxy for the loner term depreciation curve.
Just two caveats. First, as many on here will tell you, as the cars get older, condition becomes more important, eg a mint 2010 car might trade above a scraggy 2011.
Second the Virage has Ceramic brakes. Many will think that’s a good thing. Others will think that’s an expensive fix waiting to happen further down the line. The good news is that a Volante is very unlikely to have been tracked
Just two caveats. First, as many on here will tell you, as the cars get older, condition becomes more important, eg a mint 2010 car might trade above a scraggy 2011.
Second the Virage has Ceramic brakes. Many will think that’s a good thing. Others will think that’s an expensive fix waiting to happen further down the line. The good news is that a Volante is very unlikely to have been tracked
Edited by RobDown on Sunday 20th January 17:06
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Just bumping this one.
Prices of Virage coupes are now circa £60,000 so the depreciation has been gentle over the last 3 years (helped by the Covid used car shortages I suppose).
Where do people see these going from here ? Are they a better buy than a similarly priced and condition 2013 facelift DB9 and, if so, why ?
Beautiful Marron Black Virage for sale at Dylan Miles with a fabulous brown interior with white stitching. Lovely !
https://www.dylan-miles.com/vehicles/2011-aston-ma...
Prices of Virage coupes are now circa £60,000 so the depreciation has been gentle over the last 3 years (helped by the Covid used car shortages I suppose).
Where do people see these going from here ? Are they a better buy than a similarly priced and condition 2013 facelift DB9 and, if so, why ?
Beautiful Marron Black Virage for sale at Dylan Miles with a fabulous brown interior with white stitching. Lovely !
https://www.dylan-miles.com/vehicles/2011-aston-ma...
My thoughts would be similar to those already expressed.
The car isn't different enough from the DB9 to become particularly attractive for investment type purposes however it is like a an Upgraded DB9 and built in smaller numbers so should trade at a premium to the equivalent DB9. £5 to £10k woukd seem about right to me.
Just found this
The car isn't different enough from the DB9 to become particularly attractive for investment type purposes however it is like a an Upgraded DB9 and built in smaller numbers so should trade at a premium to the equivalent DB9. £5 to £10k woukd seem about right to me.
Just found this
Anyway, two and a half years ago I could buy a very low mileage (11,000) Virage in a beautiful colour for £57,500.
https://www.pistonheads.com/news/ph-spottedykywt/a...
But now I'm paying £60,000 for cars with three times as many miles? (see Autotrader for at least four cars that fit this description)
Now, I appreciate the chip shortage and all that malarkey has pushed used car prices up but for an 11-year-old car that has been out of production for 10 years?
Is it not more likely that people have used some of that Covid support money, or have retired early and treated themselves, but that the novelty will soon be wearing off and more will come to market with the corresponding correction in prices? Essentially there has been a spike which, like all spikes, will surely un-spike at some point soon?
How lovely it would have been to have bought one of these two years ago, done 10,000 miles a year, and sell it for as much, or more, that you paid for it !
https://www.pistonheads.com/news/ph-spottedykywt/a...
But now I'm paying £60,000 for cars with three times as many miles? (see Autotrader for at least four cars that fit this description)
Now, I appreciate the chip shortage and all that malarkey has pushed used car prices up but for an 11-year-old car that has been out of production for 10 years?
Is it not more likely that people have used some of that Covid support money, or have retired early and treated themselves, but that the novelty will soon be wearing off and more will come to market with the corresponding correction in prices? Essentially there has been a spike which, like all spikes, will surely un-spike at some point soon?
How lovely it would have been to have bought one of these two years ago, done 10,000 miles a year, and sell it for as much, or more, that you paid for it !
I think it's a complex market place currently and I think for these types of cars it's not really the chip shortage or similar that affects the pricing.
The drive to electrification and a whole generation (or two) who were raised on Performance Car magazine, Evo, Car etc there is a slight, but definitely there, panic.
I bought my first proper high performance car earlier this year and with it I have joined and attended various groups and car events.
At I event in May I parked my steed up where directed by the marshal's for rhe static viewing area and on my left I had a fellow Aston, and Porsche GT something or other. To my right I had a lamborghini, mclaren, ferrari, jaguar and another mclaren. As owners we stood chatting to find 4 of these cars were recent purchases and all as retirement gifts to oneselves including me.
Phrases such as "I've always promised myself a supercar", to " I needed a V12 before they are banned" were common place hence my use of the word 'panic'
I can see many more people following suit over the next 5 to 10 years and thereafter the demand will drop as newer generations will have spent their years lusting after different things to us.
I would also add non of us 4 retirees were even close to 60, all being early to mid 50s.
Was this a one off or is it being repeated across a wider community.....who knows....but I believe it is being replicated across rhe UK and this will certainly in 1 way or another affect the used market
The drive to electrification and a whole generation (or two) who were raised on Performance Car magazine, Evo, Car etc there is a slight, but definitely there, panic.
I bought my first proper high performance car earlier this year and with it I have joined and attended various groups and car events.
At I event in May I parked my steed up where directed by the marshal's for rhe static viewing area and on my left I had a fellow Aston, and Porsche GT something or other. To my right I had a lamborghini, mclaren, ferrari, jaguar and another mclaren. As owners we stood chatting to find 4 of these cars were recent purchases and all as retirement gifts to oneselves including me.
Phrases such as "I've always promised myself a supercar", to " I needed a V12 before they are banned" were common place hence my use of the word 'panic'
I can see many more people following suit over the next 5 to 10 years and thereafter the demand will drop as newer generations will have spent their years lusting after different things to us.
I would also add non of us 4 retirees were even close to 60, all being early to mid 50s.
Was this a one off or is it being repeated across a wider community.....who knows....but I believe it is being replicated across rhe UK and this will certainly in 1 way or another affect the used market
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