New Vantage residuals

[chuds285]

The new Vantage is almost 3 years old and increasingly starting to look great value, the more I look the more I’m starting to appreciate the design details.

Even the front is growing on me, when it first came out I was thinking the same as most people and thought it just didn’t look right but now I’m starting to like it and the rest of the car....a lot.

Early models are on timeless at low 80s and I suspect will drop considerably more when a flood of 3 year old ones hit market,

What do you guys think, is a Aston bargain coming soon?

Ian.

[jonnyfox]

Nothing but admiration unless you read PH. Almost 2 years in and still love it, great ownership experience.

[BiggaJ]

I have to admit to now liking the design. It's taken a few years to get my head around it but the more I see it, the more I like it.

Had one behind me on the run up from Fleet to Farnborough a few days ago, me in my 2009 Vantage and a red latest vantage.

Lovely looking car all round, even the front. I think it was the lights that killed it for me in the beginning.

Will they depreciate heavily? I'm not so sure. Of course they will drop as any car does but huge drops...

[bogie]

All Astons are bargains when 3-4 years old and the latest Vantage no different.

Usually the 2nd owner can buy the car for what the first owner lost in depreciation alone. A £125k car is a £65-70k car from a dealer at 3-4 years old. Check the "guaranteed future value" on a new Vantage PCP and that's what's its going to be worth in 3 years.

[AlexT]

They have one of the best engine/trans combos out there at present. With manufacturers going all environmental...downsizing to V6 and 4cyl + electric etc arguably you won't find a better sound in a new car from both inside and out....unless it's a NA V12 or a Lambo V10 + Race exhaust!

After seeing them on the road vs the old model ...I must say they are quite a step up. In their natural habitat they are most attractive.

[cayman-black]

I agree they are a great value Aston but for me anyway, they are lacking the want factor.

[Big Ry]

cayman-black said:

I agree they are a great value Aston but for me anyway, they are lacking the want factor.

I agree.

Having driven one, for me at least it just didn't leave me feeling anything at all, a bit like a 991/992. Great cars I have no doubt, but when I first drove both a V8 and V12V I was grinning like a Cheshire cat......I got out of the new Vantage and wasn't thinking I want one..........which says it all to me.

Never say never, as I can see that one day I might be tempted for one as a DD, although for me that's a few years away as I would want the updated front end, and it'll be a few years until they drop into the bracket I'd be willing to spend on one.

[cayman-black]

Big Ry , there is no way this could be compared to what you have imo.

[Dick Dastardly]

A friend of mine was offered £78K for his Vantage by a main dealer in January. It was 2 years old, had just 5000 miles and quite a few options. He isn't happy as he spent nearly £130K on it.

[Jon39]

Dick Dastardly said:

A friend of mine was offered £78K for his Vantage by a main dealer in January. It was 2 years old, had just 5000 miles and quite a few options. He isn't happy as he spent nearly £130K on it.

What was he expecting from a new motor car ?
It seems fairly normal, and you describe his buyer as a car dealer, in business trying to make a profit, with no certainty of a quick sale.

In the tax world, businesses are allowed to write down the value of their vehicles by 25% each year.
Interestingly, that arithmetic works out almost exactly to your figures.

Perhaps your friend should instead buy a pristine 2 year old Aston Martin. Two years later, he possibly then be very happy.

[ripley500]

Dick Dastardly said:

A friend of mine was offered £78K for his Vantage by a main dealer in January. It was 2 years old, had just 5000 miles and quite a few options. He isn't happy as he spent nearly £130K on it.

He should shop around. Mine is a 2018 with 10,000 miles. It was £156k new and have been offered up to £87k for an outright purchase ie. not a px against another car. I found the independents were offering a better deal than main dealers

[cayman-black]

ripley500 said:

He should shop around. Mine is a 2018 with 10,000 miles. It was £156k new and have been offered up to £87k for an outright purchase ie. not a px against another car. I found the independents were offering a better deal than main dealers

I take it you sold it then ? That's a very good outright offer.

[cayman-black]

I thought this looked a bit special, nice gearbox also.
https://www.pistonheads.com/buy/listing/11153511

[Dewi 2]

cayman-black said:

ripley500 said:

He should shop around. Mine is a 2018 with 10,000 miles. It was £156k new and have been offered up to £87k for an outright purchase ie. not a px against another car. I found the independents were offering a better deal than main dealers

I take it you sold it then ? That's a very good outright offer.

£69,000 - Seems quite a lot of money, but I hope you enjoyed your car.

I have a beautiful pristine Vantage 18.000 miles, waiting in my garage for winter hibernation to end.
It cost less than that 10 years ago.
Aston Martin ownership costs do vary.

[Minglar]

Dewi 2 said:

cayman-black said:

ripley500 said:

He should shop around. Mine is a 2018 with 10,000 miles. It was £156k new and have been offered up to £87k for an outright purchase ie. not a px against another car. I found the independents were offering a better deal than main dealers

I take it you sold it then ? That's a very good outright offer.

£69,000 - Seems quite a lot of money, but I hope you enjoyed your car.

I have a beautiful pristine Vantage 18.000 miles, waiting in my garage for winter hibernation to end.
It cost less than that 10 years ago.
Aston Martin ownership costs do vary.

That’s almost a 45% loss in three years. I am no expert on used car prices and can’t really judge whether that’s good or bad in comparison to the competition. It does question the value of buying new though, and this is where I foresee some problems going forward for the new Vantage in its current state. The latest updates are much more appealing than the original offering, and this is a usual AM trait, but is it possible that prospective buyers may hold off for the rumoured facelift, both inside and out? In the example above, the depreciation costs alone are almost £2k per month, and on that basis it’s easy to see why the de-stocking two year deals at £1k per month at the end of 2019 were snapped up so quickly. Imho all this really does is show that the car is probably a little overpriced to start with. A low mileage two or three year old example for less than £90k seems to be much better value than new. But personally, I would prefer to wait another two or three years from now to see what changes, if any, they make to the car. It’s growing on me, but I’m still not yearning to change.

Best Regards

Minglar

[bogie]

Nothing has changed in the new vs old car decision. You need to have a very high income to afford new luxury cars, because you lose 1/2 your capital every 3 years.

I'm thankful there are well off Aston fans who buy new cars every 3 years because then I can pick up a used bargain to keep for many years and incur less depreciation than buying a new mainstream car

[squirdan]

agree with Bogie, but there are some specific factors at work here on top of the "all new cars depreciate" arguments

1. The new Vantage has not been universally well received or reviewed and seemingly the first lot produced were perhaps not well optimised
2. A bit like the New BMW M3 / M4, its looks are highly divisive and maybe time is the great healer but...
3. There are too many nearly new ones floating about, or about to be, that were never exactly sold in the first place, but in effect shoved out the door and subsidised by AM to find owners (the £1k a month deal). Supply is therefore > demand
4. lots of people feel it is not special enough to justify its new price (not my view as such, but "AMG in drag")
5. The old Vantage whilst objectively "worse", is often seen as more beautiful, more characterful, more fun and maybe more tasteful

and then, my personal view is its a confused car anyway. What is it? If you want an absolute weapon surely a 911 GT3 for the same money (and far better residuals). If you want all that AMG tech and drivetrain, just buy one. Too many garish trim options, dayglo highlights and other go faster bits which I'm not sure sit quite right with the brand (just my view).

[Big Ry]

squirdan said:

If you want an absolute weapon surely a 911 GT3 for the same money (and far better residuals).

Have you tried to walk into a Porsche dealer and order a GT3 lately..........you've more chance of waking up with your head sewn to the carpet

[EC2]

The two year old Vantage I was watching was £90k retail so the px price makes sense.

As for Porsche you can easily drop £40k in two years on a new base 911 so the potential 'loss' seems understandable.

[Jon39]

squirdan said:

agree with Bogie, but there are some specific factors at work here on top of the "all new cars depreciate" arguments

1. The new Vantage has not been universally well received or reviewed and seemingly the first lot produced were perhaps not well optimised
2. A bit like the New BMW M3 / M4, its looks are highly divisive and maybe time is the great healer but...
3. There are too many nearly new ones floating about, or about to be, that were never exactly sold in the first place, but in effect shoved out the door and subsidised by AM to find owners (the £1k a month deal). Supply is therefore > demand
4. lots of people feel it is not special enough to justify its new price (not my view as such, but "AMG in drag")
5. The old Vantage whilst objectively "worse", is often seen as more beautiful, more characterful, more fun and maybe more tasteful

and then, my personal view is its a confused car anyway. What is it? If you want an absolute weapon surely a 911 GT3 for the same money (and far better residuals). If you want all that AMG tech and drivetrain, just buy one. Too many garish trim options, dayglo highlights and other go faster bits which I'm not sure sit quite right with the brand (just my view).

An objective appraisal squirdan. You have a good understanding of the situation and as for '(just my view)', you are not alone and that has been Aston Martin's problem.