Worst depreciation & low mileage you've seen?

[Jonmx]

An Arnage T was knocking on the door of £200k when new in 2005. This one has covered less than 3k in it's life, lived in presumably paid for storage for the last 13 years..... now up for £70k....the owner has taken a proper kick to the nuts. Probably the silliest one I've seen. I couldn't see a similar thread, so apologies if there's a dedicated daft depreciation vs mileage thread already in existence.

http://www.autotrader.co.uk/car-details/2024091239...

[Sir Keith Stormer]

Bargain.

Let someone else take the depreciation hit.

[Deerfoot]

Never mind the depreciation, that is just a splendid car.

[Wheel Turned Out]

Seems like the owner forgot they even had it.

[Origami]

This?

£2.5 million + vat plus the £128,000 service plan

I made that around £4,000 per mile not even accounting for the fact that some of it was probably the delivery mileage

[S100HP]

Deerfoot said:

Never mind the depreciation, that is just a splendid car.

Absolutely agree. You'd feel very special driving around in that.

[James P]

From €17,990 to €10,990 in 1km!

[Monty1502]

A friend bought a Porsche Tacan Turbo S last year

Apparently he paid £183,500 for it - owned it for thirteen months - did 3,500 miles -

He approached four Porsche dealers to buy it from him

Three refused to make an offer

The one that did offered him £50,000

So

Over thirteen months that's a loss of £133,500

Or

£10,269 a month

Or

£513 per working day ( assuming 20 working days in a month)

Or

£64.18 every hour for thirteen months !

In any other industry someone would have got locked up !

[GeniusOfLove]

I like this game on BCA, you have to allow yourself to believe the RRP isn't just fictional though really.

Those dismal four cylinder SL43 things are outrageous for their depreciation, as are all new Aston Martins, but as someone else posted the absolute big daddy of eye popping depreciation right now is the Taycan, especially when someone has also ticked boxes on £30k+ worth of options that are worth £0 the second his arse touches the drivers seat for the first time.

£40k and I still don't want one!

[vaud]

Deerfoot said:

Never mind the depreciation, that is just a splendid car.

Lovely colour as well.

[bloomen]

Monty1502 said:

Over thirteen months that's a loss of £133,500

Am impressed.

Obviously everyone expects a kicking, but the current crop of EV type ruin is a new phenomenon.

I wonder if anyone will try to get legal for stuff like this.

[stef1808]

Bought a Taycan Turbo for 77k euros. Worked out new it was 230k in 2023.

[Mikebentley]

bloomen said:

Monty1502 said:

Over thirteen months that's a loss of £133,500

Am impressed.

Obviously everyone expects a kicking, but the current crop of EV type ruin is a new phenomenon.

I wonder if anyone will try to get legal for stuff like this.

During uncertain times a lease would have been prudent. They likely also benefited from a tax break to the tune of £133500 too and paid tax on the £50k it sold for so win win.

[Lester H]

Sir Keith Stormer said:

Bargain.

Let someone else take the depreciation hit.

Owner of a garage I used to buy from had a lovely phrase for the previous buyer: “ Owner took the medicine on that.”

[Monty1502]

Many, many years ago my then girlfriend's brother had an absolutely knackered Volvo Amazon estate - he lived in west London, and one Saturday morning decided that he finally had to get rid of it.

He drove it twenty miles or so to a scrap yard in the east end, the guy gave him ten quid for it - the taxi home cost him fifteen quid !

[DodgyGeezer]

Monty1502 said:

Many, many years ago my then girlfriend's brother had an absolutely knackered Volvo Amazon estate - he lived in west London, and one Saturday morning decided that he finally had to get rid of it.

He drove it twenty miles or so to a scrap yard in the east end, the guy gave him ten quid for it - the taxi home cost him fifteen quid !

[Mad Maximus]

It makes me laugh when people get upset about depreciation in cars. Cars have always been (as long as I’ve been alive(41)) hugely, massively, horrendously depreciating. The more you spend the bigger the losses in % and in cash terms. It was only through Covid that things went crazy and people just don’t like it that cars are getting back to “normal” depreciation cycle. I hope for one they continue to depreciate and hope it accelerates so I can have nicer sheds

[Sir Keith Stormer]

Mad Maximus said:

It makes me laugh when people get upset about depreciation in cars. Cars have always been (as long as I ve been alive(41)) hugely, massively, horrendously depreciating. The more you spend the bigger the losses in % and in cash terms. It was only through Covid that things went crazy and people just don t like it that cars are getting back to normal depreciation cycle. I hope for one they continue to depreciate and hope it accelerates so I can have nicer sheds

Completely agree, the only people in the main who don’t care about depreciation are sheddists, we’re the polar opposite of Taycan owners, my CLS has lost over 40 grand since new, more than that I guess with all the options, I can only encourage people to take the hit on the chin, it’s only money after all so that I don’t have to bother.

[vaud]

Sir Keith Stormer said:

Mad Maximus said:

It makes me laugh when people get upset about depreciation in cars. Cars have always been (as long as I ve been alive(41)) hugely, massively, horrendously depreciating. The more you spend the bigger the losses in % and in cash terms. It was only through Covid that things went crazy and people just don t like it that cars are getting back to normal depreciation cycle. I hope for one they continue to depreciate and hope it accelerates so I can have nicer sheds

Completely agree, the only people in the main who don t care about depreciation are sheddists, we re the polar opposite of Taycan owners, my CLS has lost over 40 grand since new, more than that I guess with all the options, I can only encourage people to take the hit on the chin, it s only money after all so that I don t have to bother.

Quite. I've never bought new cars - don't like the idea of a massively depreciating asset for the sake of a couple of years...

[bloomen]

Mad Maximus said:

It makes me laugh when people get upset about depreciation in cars. Cars have always been (as long as I ve been alive(41)) hugely, massively, horrendously depreciating. The more you spend the bigger the losses in % and in cash terms. It was only through Covid that things went crazy and people just don t like it that cars are getting back to normal depreciation cycle. I hope for one they continue to depreciate and hope it accelerates so I can have nicer sheds

Any boggo prestige car is a suicidal buy new, but certain fancy EVs have a new level of extreme money shedding.

Chuck in plenty of dealers refusing to take them and that's fairly unique.