Car Depreciation Calculator

[Randolph]

Can anyone suggest a good website to calculate how much a certain make and model of car will depreciate after year one that takes into account millage?

I'm trying to do the maths on a lease deal VS Hire purchase...

Thanks!

DR

[DuraAce]

Just look at AT, ebay etc and see what similar cars you have interest in are selling for?

You won't be able to calculate an exact figure, it's always best guess from any of the guides. The market dictates the price not an excel spreadsheet.

[Toed64]

DuraAce said:

Just look at AT, ebay etc and see what similar cars you have interest in are selling for?

You won't be able to calculate an exact figure, it's always best guess from any of the guides. The market dictates the price not an excel spreadsheet.

This^^

Make sure that you search 'completed listings' and/or 'sold listings' on ebay to check what they actually sold for.

My cousin recently asked me how much (little) his 4 yr old Insignia is worth. I didn't want to tell him, so I pointed him towards this process...realistically, he's lost £20,000 in the first four years.

So, I wish he'd asked me 4 years ago, I'd have told him: if you want a dirt cheap used car, buy an Insignia, if you want a new Insignia, lease it!

[Randolph]

Problem is, I'm looking for a 540i - they only started making these last year.

I'm assuming that the guys who price the leasing models must have a fairly good idea of what the value will be after 3 years as presumably thats what their whole pricing model is based upon!

[Hammy98]

Randolph said:

Problem is, I'm looking for a 540i - they only started making these last year.

I'm assuming that the guys who price the leasing models must have a fairly good idea of what the value will be after 3 years as presumably thats what their whole pricing model is based upon!

Could you go to a BMW dealer and get a PCP quote on one for the time period you're likely to keep it? They usually print you out all the details including the Guaranteed Future Value.

Obviously this isn't set in stone but the dealer is fairly well placed to determine what the value is likely to be at the end of the agreement thus giving you an estimate for what a car on that age and mileage would be worth.

[Randolph]

That’s helpful thanks

[Hub]

Randolph said:

Problem is, I'm looking for a 540i - they only started making these last year.

Did the 540i replace the 535i? That could give you some idea.

[daemon]

Randolph said:

That’s helpful thanks

If you go on to the BMW Approved Used website you can pick a 540i then look at the finance offer for PCP. You can drop the period down to 30 months on a 2017 car. Theres a Sept 2017 car on there so setting the term to 30 months gives you residual value of a 3 year old one

https://usedcars.bmw.co.uk/vehicle/201803254907778

Its coming out at £20,530.99 on that particular car.

Of passing interest, you can buy a brand new one for around £41k from drivethedeal.com so the old "50% every 3 years" rule of thumb might not be very far away....

Edited by daemon on Wednesday 4th April 12:42