Entry level v8 vantage prices

[yajeed]

I’ve been watching vantage prices for a few years, with them seemingly bottoming our.

However, the 30k threshold seems to have been breached this year.

In trying to be sensible, I told myself I’d wait until a decent car hit 25k before taking the plunge.

My question is, how far away are we from that?

There’s a sub 50k mile facelift car on auto trader for 28k, with recent work done (service, brakes etc), so it feels close. Is that just a reflection of seasonal pricing?

[bogie]

There have been cars at £25k for a few years now, however they usually have something less appealing about them e.g. high miles, unusual colour schemes, cat D etc. I can find around 10 cars on Autotrader sub £30k from the trade, so there are £25k private sales out there ...and low £20k trade in values for the earliest cars.

Personally I think £25-30k now is about the bottom for a well looked after car with avg miles. They seem to be maintaining value in line with inflation ...which means you could be waiting a while as a 12 yr old car may depreciate a couple of grand, but inflation does it thing and its the same price 12 months later.

...there will always be the odd cheap car that someone needs rid of, but you find that with any car...

[yajeed]

Thanks for the reply. The car in question seems to be a ‘good one’ but i suspect the interior colour is driving the price down (dark grey).

I guess I’m the same as everyone else in that I’d look for reasonable mileage, tasteful colours, well looked after and not accident damaged.

Seems I may be on the sidelines for a while!

[Manx V8V]

I started out with a 30k budget when looking for my V8V 18 months ago, but I soon realised that it wasnt going to get me what I wanted unless I was prepared to accept a Cat D, a high miler, or a car of questionable history requiring some cosmetic attention.

I eventually upped my budget to 36k which opened up a good choice, and also some apparent bargains (until I saw the interior colour!!)

In the end I found 2 good honest 2006 cars at non franchised dealers, with my choice of colour and spec, one had a recent clutch which was the clincher for me.

I would say 18 months on, you would be looking around 33k for the same car, or maybe 30k for a private sale

Edited by Manx V8V on Sunday 4th November 15:55

[Mr.Tremlini]

The cheapest I have seen a V8V advertised for in Switzerland is equivalent to £30,500k, and it was a 2006 with high miles, around 100k from memory, and a brown interior so not for everyone. This price clearly reflects the country but that was a one off as I have yet to see any other advertised under £33,500.
In the UK you have a bit more choice and prices will be lower, but personally I`d tend to have a loose wish list and look for something you really like rather than wait for something that`s 25k and say "OK, I can live with that."
If you pay 2-3k more for something that`s more to your liking is that 10% a killer for a car like this? I`d tend to agree with bogie that if you wait for your line in the sand to be hit, you may be waiting a while...

[8Speed]

There will always be a cheap car or two but there will be a reason why they are cheap as discussed above.
I think prices are going to firm up for good examples because of the price of new Vantages and because imho there is nothing comparable to match the V8V in the £30 - £40k bracket.

[yajeed]

The car I was referring to sold this afternoon (so within a week), so obviously was relatively well priced.

I’ll keep my eye on the classifieds and will pick one up one day, even if scope creep costs me a few thousand extra.

[johns355]

If you buy at rock bottom prices theres obviously a reason why as stated above. Try and do a little check list of what you'd like your vantage to be- colour, gearbox, interior etc.. and then chase after its closest match. I done this to get mine 18 months ago, yes it cost me a bit more but I have no regrets. Knock off the dealers premium and it's roughly what the car is worth now, so I'd say go for it, life is too short! John

[GingerMunky]

Manx V8V said:

I started out with a 30k budget when looking for my V8V 18 months ago, but I soon realised that it wasnt going to get me what I wanted unless I was prepared to accept a Cat D, a high miler, or a car of questionable history requiring some cosmetic attention.

I eventually upped my budget to 36k which opened up a good choice, and also some apparent bargains (until I saw the interior colour!!)

In the end I found 2 good honest 2006 cars at non franchised dealers, with my choice of colour and spec, one had a recent clutch which was the clincher for me.

I would say 18 months on, you would be looking around 33k for the same car, or maybe 30k for a private sale.

I would agree with this, sound my Vantage privately in September for £31k with 60,000 miles and all the options. Anything it £25k, or less than £30k may have big bills around the corner. It would be a shame for your ownership experience to be spoiled by big bills in the first few months.

[NewbishDelight]

GingerMunky said:

I would agree with this, sound my Vantage privately in September for £31k with 60,000 miles and all the options. Anything it £25k, or less than £30k may have big bills around the corner. It would be a shame for your ownership experience to be spoiled by big bills in the first few months.

This. Mine is going up again shortly, and will be around that price.

It's very much a case of paying for what you get - when I was looking to buy a couple of years ago I had a look at quite a few.