Is it time to sell??
Discussion
1SMO said:
My 2010 Vantage coupe is in perfect condition and has just turned over 10,000 miles is it time to sell, i really do not want to as i love my Aston but is the value just going to go down and down. also i keep looking at the vanquish and thinking of the trade in value
No, I it’s a good idea to sell it, buy another expensive car and watch it depreciate as you turn out of the dealer, and then some, before leveling off again in around three years time. 
Personally I thought Vantage was holding its value very well, mines a similar age and I’m pleasantly surprised at how they are holding up in value?
Unless you know something different? Is your worry that the new Vantage will result in significant depreciation in the current model?
I think its very difficult to foresee the price of Vantages in the future due to so many variables (Brexit, electric cars, tax, condition, age of car, new models etc etc)
As regards the appreciation/depreciation, 'most' of it, will purely depend on age of car, condition and current market.
There's probably some graph out there showing massive depreciation at beginning of new car life, finally stabilising after so many years, and then if lucky the price appreciating again.
For me personally, I bought a 2006 Vantage in 2015 at what I considered to be the bottom price. I would say this type of car and age are still about the same price, maybe a small increase in the last few years.
As regards your car, do what you think is best. I have never bought a car to make money, but I have also never bought one to lose either. I would love to be able to afford a brand new car, but its not going to happen soon, unless I have a winning lottery ticket.
As regards the appreciation/depreciation, 'most' of it, will purely depend on age of car, condition and current market.
There's probably some graph out there showing massive depreciation at beginning of new car life, finally stabilising after so many years, and then if lucky the price appreciating again.
For me personally, I bought a 2006 Vantage in 2015 at what I considered to be the bottom price. I would say this type of car and age are still about the same price, maybe a small increase in the last few years.
As regards your car, do what you think is best. I have never bought a car to make money, but I have also never bought one to lose either. I would love to be able to afford a brand new car, but its not going to happen soon, unless I have a winning lottery ticket.
Good post that Lee. My current V8V may be coming up for sale soon due to having the V12V Manual itch ...... I bought it for £37k in Dec 2014 and have been offered £33k by a local high end car dealer as a straight outright sale. HWM only offered a paltry £27k trade in for it (albeit unseen) and Works offered between £28 and £30k dependant upon viewing against £80k V12V's.
As an aside to the V12V itch, part of taking a punt on a V12V is (hopefully) a way of investing in an appreciating USABLE asset rather than have the money sat in a bank account making a measly 1.5% to 2% or investing it in the stock market (not into that sort of thing) or even buying another property (prices in the North of England are NOT rising at present contrary to popular belief) to rent out which brings with it poor returns when you take into account property management fees, maintenance, landlord responsibilities, tax liabilities etc.
As an aside to the V12V itch, part of taking a punt on a V12V is (hopefully) a way of investing in an appreciating USABLE asset rather than have the money sat in a bank account making a measly 1.5% to 2% or investing it in the stock market (not into that sort of thing) or even buying another property (prices in the North of England are NOT rising at present contrary to popular belief) to rent out which brings with it poor returns when you take into account property management fees, maintenance, landlord responsibilities, tax liabilities etc.
steveway said:
where do you get 1.5/2.0% interest.
Also do it, different kettle of fish to a V8V
Fixed rate deals for a certain period Steve usually trawl moneysaving expert site or moneyfacts site which have sections continually looking at the market !!Also do it, different kettle of fish to a V8V
Edited by morty1961 on Thursday 5th October 11:02
morty1961 said:
Good post that Lee. My current V8V may be coming up for sale soon due to having the V12V Manual itch ...... I bought it for £37k in Dec 2014 and have been offered £33k by a local high end car dealer as a straight outright sale. HWM only offered a paltry £27k trade in for it (albeit unseen) and Works offered between £28 and £30k dependant upon viewing against £80k V12V's.
As an aside to the V12V itch, part of taking a punt on a V12V is (hopefully) a way of investing in an appreciating USABLE asset rather than have the money sat in a bank account making a measly 1.5% to 2% or investing it in the stock market (not into that sort of thing) or even buying another property (prices in the North of England are NOT rising at present contrary to popular belief) to rent out which brings with it poor returns when you take into account property management fees, maintenance, landlord responsibilities, tax liabilities etc.
Just also been offered around 30k for my 06 Titanium Silver 25k miles v8v. Was quite pleasantly surprised, but I think trade retail would be around 38k so may take a punt privately. Also looking to trade up to four more cylinders!As an aside to the V12V itch, part of taking a punt on a V12V is (hopefully) a way of investing in an appreciating USABLE asset rather than have the money sat in a bank account making a measly 1.5% to 2% or investing it in the stock market (not into that sort of thing) or even buying another property (prices in the North of England are NOT rising at present contrary to popular belief) to rent out which brings with it poor returns when you take into account property management fees, maintenance, landlord responsibilities, tax liabilities etc.
morty1961 said:
Good post that Lee. My current V8V may be coming up for sale soon due to having the V12V Manual itch ...... I bought it for £37k in Dec 2014 and have been offered £33k by a local high end car dealer as a straight outright sale. HWM only offered a paltry £27k trade in for it (albeit unseen) and Works offered between £28 and £30k dependant upon viewing against £80k V12V's.
As an aside to the V12V itch, part of taking a punt on a V12V is (hopefully) a way of investing in an appreciating USABLE asset rather than have the money sat in a bank account making a measly 1.5% to 2% or investing it in the stock market (not into that sort of thing) or even buying another property (prices in the North of England are NOT rising at present contrary to popular belief) to rent out which brings with it poor returns when you take into account property management fees, maintenance, landlord responsibilities, tax liabilities etc.
Where about in Lancashire are you?As an aside to the V12V itch, part of taking a punt on a V12V is (hopefully) a way of investing in an appreciating USABLE asset rather than have the money sat in a bank account making a measly 1.5% to 2% or investing it in the stock market (not into that sort of thing) or even buying another property (prices in the North of England are NOT rising at present contrary to popular belief) to rent out which brings with it poor returns when you take into account property management fees, maintenance, landlord responsibilities, tax liabilities etc.
LordBretSinclair said:
Yes, sell it.
It's only done 10,000 miles in 7 years so you're not using it unless of course you see it purely as an investment and not a car to be driven and enjoyed.
YES! Rather odd initial post I thought but each to their own. I did that sort of mileage in under 12 months - couldn't put the bloody thing down - who cares about a few grand at resale time? Not the point IMHO. Life is way too short.It's only done 10,000 miles in 7 years so you're not using it unless of course you see it purely as an investment and not a car to be driven and enjoyed.
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