sag's dropping like a stone
sag's dropping like a stone
Author
Discussion

blackpoolrocket

Original Poster:

221 posts

225 months

Wednesday 8th April 2009
quotequote all
Is it me or are sag prices dropping like a stone?

Jappo

1,121 posts

238 months

Thursday 9th April 2009
quotequote all
Be interested to hear your evidence for this notion.

bogie

17,074 posts

301 months

Thursday 9th April 2009
quotequote all
eh - they must be one of the best cars on the market right now for depreciation?

whats wrong with a £50K car still still holding at over 60% at 3 years old....when Ferraris, Astons, Porsche etc are all <50% or more

you got access to a load of adverts we havnt then? wink

Toobin

1,222 posts

263 months

Thursday 9th April 2009
quotequote all
wish someone had told the dealer I just bought one off biggrin


blackiepaul

1,973 posts

223 months

Thursday 9th April 2009
quotequote all
blackpoolrocket said:
Is it me or are sag prices dropping like a stone?
Not according to a dealer who offered me the same money I bought my car for 9 months ago, I am not prepared to sell it though.

I am sure individuals on here that ave bought them recently probually do not agree either.

KillerJim

972 posts

232 months

Thursday 9th April 2009
quotequote all
If someone is wanting to shift their car quick I`m sure it will be sold for a few grand less than the going rate..

Based on the clasified adverts my Sagaris has gone down a few grand in the last year, but thats with me putting on a good 6k miles.. I wish every car I bought had that little depreciation biggrin

J

Druid

1,312 posts

210 months

Thursday 9th April 2009
quotequote all
Of course over time poorer examples are going to appear on the market and their sale price will reflect their condition. The better condition vehicles, that are currently selling, have very little room for negotiation. I know, I tried!

blackpoolrocket

Original Poster:

221 posts

225 months

Thursday 9th April 2009
quotequote all
A quick browse of the adverts on here tells me the average without the use of a calc seems to the mid 38k's I know, I know that all sags different. However, 6 months ago it was a very different story (and I'm happy to upload facts to support this claim), you could not buy a sag for less than 45k whereas 350 prices have pretty much held steady in the last 6 months.

I'm not trying to start a fight this is a forum and I'm entitled to my observations based on the what I see from the dealers, the net, PH Classifieds. I also understand that we are in recession and few people want to part with there tivs when they drive them onto the forecourt and get a valuation, but you can't deign that some models seem to be affected more than others.


anonymous-user

83 months

Thursday 9th April 2009
quotequote all
blackpoolrocket said:
A quick browse of the adverts on here tells me the average without the use of a calc seems to the mid 38k's I know, I know that all sags different. However, 6 months ago it was a very different story (and I'm happy to upload facts to support this claim), you could not buy a sag for less than 45k whereas 350 prices have pretty much held steady in the last 6 months.
Sorry but that's not true.

I bought mine 12 months ago. At the time there were as many available as now and nearly all were priced at or just under £40k. I looked at 3, all with TVR dealers or specialists and none were more than £40k and all were mint with low mileage.

s5tvr

1,239 posts

262 months

Thursday 9th April 2009
quotequote all
I tend to look at the classifieds pretty frequently and I too thought that Sag prices were coming down, but not dropping like a stone. It makes sense that they are given the current economic climate and as alternatives is a Sag the same age as a T350 really worth the c£15k premium ? - I think not, which is why I think they have further to drop.

Druid

1,312 posts

210 months

Thursday 9th April 2009
quotequote all
s5tvr said:
I tend to look at the classifieds pretty frequently and I too thought that Sag prices were coming down, but not dropping like a stone. It makes sense that they are given the current economic climate and as alternatives is a Sag the same age as a T350 really worth the c£15k premium ? - I think not, which is why I think they have further to drop.
I suppose the purchase of a performance car, well, any car for that matter, will always be a personal choice. Whereas a c£15k premium to one is too much to another it's justified. My choice was to pay what I believed to be a good price for the car I wanted, I could have paid more or less for colours and mileage that didn't excite me or indeed for a T350, which probably no less of a car but again didn't excite me.

I have never bought a car as an investment, I'm just not that shrewd, so value depreciation is inevitable for me. Unfortunately the good cars didn't depreciate fast enough to save me more money before I bought. What happens to the market from now on is anyones guess!

blackpoolrocket

Original Poster:

221 posts

225 months

Thursday 9th April 2009
quotequote all
[quote=DruidI suppose the purchase of a performance car, well, any car for that matter, will always be a personal choice. Whereas a c£15k premium to one is too much to another it's justified. My choice was to pay what I believed to be a good price for the car I wanted, I could have paid more or less for colours and mileage that didn't excite me or indeed for a T350, which probably no less of a car but again didn't excite me.

I have never bought a car as an investment, I'm just not that shrewd, so value depreciation is inevitable for me. Unfortunately the good cars didn't depreciate fast enough to save me more money before I bought. What happens to the market from now on is anyones guess!
[/quote]

Good points

abz

380 posts

258 months

Thursday 9th April 2009
quotequote all
blackpoolrocket said:
6 months ago you could not buy a sag for less than 45k
that's just rubbish.

Edited by abz on Thursday 9th April 14:43

Don1

16,795 posts

237 months

Thursday 9th April 2009
quotequote all
Indeed - I bought mine for less than that six months ago.

TOV!E

2,016 posts

263 months

Thursday 9th April 2009
quotequote all
Toobin said:
wish someone had told the dealer I just bought one off biggrin
I dont know how RG get the prices they ask.....???????????????????????????????????/

Flyin Banana

2,182 posts

267 months

Thursday 9th April 2009
quotequote all
I bought my sagaris 6 months ago for £36k from a dealer, it's an 06 with 10,000 miles on it, I'd say i havn't lost a penny yet, if not made a bit on the beastie, and it's not for sale at £40k if anybody wanted it!!!

Cheers Rob

Englishman

2,253 posts

239 months

Thursday 9th April 2009
quotequote all
A couple of dealers have offered me mid 30's for cash or would put it up for 38/39 SOR recently. Figures have been much the same for ~2 years now. Can't think of many cars that have kept their value this well in this economic climate. I'd guess if it wasn't for the recession Sag prices would actually be going up in value now. Not selling tho!

Hoolio

1,184 posts

250 months

Thursday 9th April 2009
quotequote all
TOV!E said:
Toobin said:
wish someone had told the dealer I just bought one off biggrin
I dont know how RG get the prices they ask.....???????????????????????????????????/
Because they are a very well respected dealer and have possibly some of the best stock out there.

Toobin

1,222 posts

263 months

Thursday 9th April 2009
quotequote all
Hoolio said:
TOV!E said:
Toobin said:
wish someone had told the dealer I just bought one off biggrin
I dont know how RG get the prices they ask.....???????????????????????????????????/
Because they are a very well respected dealer and have possibly some of the best stock out there.
and you get coffee in a silver mug


and this is a stupid thread btw ... things are worth what people will pay

Hoolio

1,184 posts

250 months

Thursday 9th April 2009
quotequote all
Toobin said:
Hoolio said:
TOV!E said:
Toobin said:
wish someone had told the dealer I just bought one off biggrin
I dont know how RG get the prices they ask.....???????????????????????????????????/
Because they are a very well respected dealer and have possibly some of the best stock out there.
and you get coffee in a silver mug


and this is a stupid thread btw ... things are worth what people will pay
Only 2 more sleep