Depreciation....
Discussion
Hi all,
I've been watching V12 vantages for a while now, having been a Porsche man for the past 6 years. You can probably guess what I'm currently driving from my forum name.
Anyway, always fancied an Aston - weekend car only - and the V12 in particular.
Prices have gradually been coming down, to the point where I can actually consider one.
I'm only at this point as I've bought wisely my last few cars and enjoyed minimal to no depreciation whilst paying off capital and hence building up equity.
I do want a main dealer car for the warranty and support - Chichester have one at the moment at £63k and I'm sure will come down a bit. Appreciate higher mileage at 48k but I only do about 3500 a year so won't put too much on it from here.
What do you guys reckon on depreciation from here ?
Cheers
Matt
I've been watching V12 vantages for a while now, having been a Porsche man for the past 6 years. You can probably guess what I'm currently driving from my forum name.
Anyway, always fancied an Aston - weekend car only - and the V12 in particular.
Prices have gradually been coming down, to the point where I can actually consider one.
I'm only at this point as I've bought wisely my last few cars and enjoyed minimal to no depreciation whilst paying off capital and hence building up equity.
I do want a main dealer car for the warranty and support - Chichester have one at the moment at £63k and I'm sure will come down a bit. Appreciate higher mileage at 48k but I only do about 3500 a year so won't put too much on it from here.
What do you guys reckon on depreciation from here ?
Cheers
Matt
If you can find a manual V12 I can’t see that much more depriviation.
Just check and buy on condition, not mileage, mine (V8) wasn’t used for months and I forgot the plug the charger in and I had all sorts of electrical issues, they need to be used / on a trickle charger.
I’m 99% the V12 runs CCBs, so I would be getting them checked out as I believe they are expensive to change!
Just check and buy on condition, not mileage, mine (V8) wasn’t used for months and I forgot the plug the charger in and I had all sorts of electrical issues, they need to be used / on a trickle charger.
I’m 99% the V12 runs CCBs, so I would be getting them checked out as I believe they are expensive to change!
I can’t see there’s much, if any further to fall on a 63k car.
As has been said, I’d want those discs dried and weighed though, as at 48k I would guess they’re certainly well into their life expectancy.
Condition not mileage or previous owners too.
Share the link and I’m sure we’ll all chip in.
Clearly though you’ve come to the wrong place if you’re expecting us to do anything other than try and get you to buy one
As has been said, I’d want those discs dried and weighed though, as at 48k I would guess they’re certainly well into their life expectancy.
Condition not mileage or previous owners too.
Share the link and I’m sure we’ll all chip in.
Clearly though you’ve come to the wrong place if you’re expecting us to do anything other than try and get you to buy one
There certainly has been some movement in the V12V market but I think that’s a reflection of the market in general (I mean look at the Porsche GT market, it’s getting flooded). 12 months ago I don’t remember a V12 dipping under 70k. The limited V12V roadsters too have come down quite a bit. I’m hoping a recovery will happen in a few years to come!
The fact they have stopped making them, and that the new vantage isn't universally loved, should stabilise prices. Nobody can see into the future, and of course prices could easily fluctuate +/- 10% or so, but I can't see it dropping a long way because they are so highly regarded and there will never be any more of them. It's not an investment purchase IMHO but you won't lose a fortune.
I don't watch V12 prices personally, but I can say that I bought a V8 3 years ago, then sold it a year ago for the same amount I bought it for, and I can see very similar cars for sale now still at the same price.
I don't watch V12 prices personally, but I can say that I bought a V8 3 years ago, then sold it a year ago for the same amount I bought it for, and I can see very similar cars for sale now still at the same price.
Big Ry said:
I can’t see there’s much, if any further to fall on a 63k car.
We were all saying that at £70k, and before that when they were £80k.That one has been at Chichester for a while and has been reduced a couple of times IIRC.
I'd hope it wouldn't drop much more but if you bought it now for £63k and tried to sell it back next month how much would they offer ??
That said, if a Titanium Silver V12V turned up for <£60k tomorrow I would have some serious explaining to do to the missus....
Thanks guys. I've done a bit of research re the Ceramic discs and that concerns me. Replacing these at £7-10k to the likes of me is crazy money and it would appear from an hour on the internet no one is quite sure how long they last..I haven't seen the warranty but am pretty sure these wouldn't be covered - can anyone confirm that ?
SpyderMatt said:
Thanks guys. I've done a bit of research re the Ceramic discs and that concerns me. Replacing these at £7-10k to the likes of me is crazy money and it would appear from an hour on the internet no one is quite sure how long they last..I haven't seen the warranty but am pretty sure these wouldn't be covered - can anyone confirm that ?
They wouldn't be a warranty item as they're wear and tear, although I'd have thought the dealer would be obligated to ensure that there was at least X% life still in them. It's no different to a dealer being unable to sell you a V8 that has shot steel discs. All cars need to pass specific benchmarks (yeah I know all about the timeless checks etc 
). Just talk to the dealer about it and voice your concerns and see where you end up.I genuinely have no idea how long they last, it's all down to previous owners driving style I guess.
Big Ry said:
SpyderMatt said:
Thanks guys. I've done a bit of research re the Ceramic discs and that concerns me. Replacing these at £7-10k to the likes of me is crazy money and it would appear from an hour on the internet no one is quite sure how long they last..I haven't seen the warranty but am pretty sure these wouldn't be covered - can anyone confirm that ?
They wouldn't be a warranty item as they're wear and tear, although I'd have thought the dealer would be obligated to ensure that there was at least X% life still in them. It's no different to a dealer being unable to sell you a V8 that has shot steel discs. All cars need to pass specific benchmarks (yeah I know all about the timeless checks etc ). Just talk to the dealer about it and voice your concerns and see where you end up.I genuinely have no idea how long they last, it's all down to previous owners driving style I guess.
So as V12 Vantages come up for sale with 40K, 50K or even higher mileages what are prospective buyers supposed to do? Trust the Timeless check which probably amounts to nothing more than eye-balling them. Wouldn't be good enough for me when the stakes are so high. Maybe that's why the older, higher mileage V12s are sticking a bit ............
Realistically there are a couple of bargains out there as Timeless approved cars but on the whole the price hasn't really changed much. The Storm Black car at Nottingham with 22k miles at £70k is the one that sticks out. If i look at what i paid last year, the dealers are still charging around the same for cars with similar mileage and condition. The difference seems to be the spread of prices has increased with older higher mileage cars now dipping to low £60k where 12 months ago they would have been £70k. However a year ago the highest mileage car was 36k and this year it's 49k so probably about right. Give it 5 years until the new Vantage has fully depreciated and then we will see whether the V12V was worth holding onto. In the mean time just enjoy the car!
cayman-black said:
Absolutely, incredible value.
As for the Discs if car has not been tracked they should last well over 50k miles, its the pads that need checking or better still replacing.
I suppose that's the OP's point - it's done 48k miles...As for the Discs if car has not been tracked they should last well over 50k miles, its the pads that need checking or better still replacing.
Still, price for a steel conversion or be ready to bite the bullet. I would think that the warranty would be good for, say, 3 months on brakes on a goodwill basis? Or get them baked and weighed before you'll buy, it sounds like.
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