182 depreciation..

[JBarber]

Anyone have any estimated values of 182s at the end of each year (i.e. 1 year old, 2 years old etc)?

I recently was offered only £7.2K trade in on mine (05 plate 19K miles) which I thought was shocking, esp as the same dealer had a non-cupped 05 plate on the forecourt at £10.9K!

It seems that 172s are still going for around £5K so I wonder how much further depreciation I can expect? TBH I'm a bit bored of the clio now but don't really want to lose a fortune on it (I paid £13.3K new)

 

[fuel_slut]

04 182's can be picked up for £7k and 05's start around the £8k mark.

I think 182's lose about £1k a year.

 

[-Leigh-]

Once they are 3 years old and out of warranty they take a hit.

After buying new, they lose about £2.5k, then about £750 a year until they are 3 years old, where that can increase to £1k £1.25k a year, until they get to 5 years (where 172's are now) and it seems they lose about £500 a year.

 

[JBarber]

Cheers - so I'm looking at about £5K after 5 years (that's when I would have to replace it for work anyway, as our company car policy requires that the car is < 5 years old)

I currently ower £6.5K on it still so at least I'm in credit I suppose ...

 

[DebV6]

It's quite scary how much I'm going to lose! It's annoying that dealers have 182 cups for sale which are still over 10k, but I wouldn't get offered anywhere near that for a ff!

 

[-Leigh-]

You think that's bad, I bought a new Punto October 2005 for £9995 and traded it in Feb 2007 for £4250 lol. That's £359 a month!!!!!!!!!!!!!!!!!!!

 

[Snakey]

I bought my 182 cup last November 05 reg for £11,500 with 1,250 miles on clock

How much do you think it would be worth this november, less than 10,000 miles on clock?

 

[Steve vRS]

I sold my 05 reg Cup to a dealer in Feb for £8500 (and I got £120 road fund rebate). As I bought it in June 2005 for £10500, i was quite pleased that it only lost £2k in the two years I had it.

Steve

 

[JBarber]

I sold my 05 reg Cup to a dealer in Feb for £8500 (and I got £120 road fund rebate). As I bought it in June 2005 for £10500, i was quite pleased that it only lost £2k in the two years I had it.

Steve

Yeah I'd take that! Funnily enough I want the petrol estate version of what you have now

 

[sh33n]

You've already taken most of the hit already.

Your car is around 8 - 8.5k private sell.

It will steady off now, as said, 1k a year is a good guide.

 

[Steve vRS]

I sold my 05 reg Cup to a dealer in Feb for £8500 (and I got £120 road fund rebate). As I bought it in June 2005 for £10500, i was quite pleased that it only lost £2k in the two years I had it.

Steve

Yeah I'd take that! Funnily enough I want the petrol estate version of what you have now

Mine is a red company car one. It's a great car!

Steve

 

[daydotz]

i bought a 1.2 05 dynamique for 7200 about a year ago i got 5000 when i went an traded her in 2200 in a year

 

[trailerparktrev]

I got offered 8250 for my May 2005 registered 182 Cup against an R27 a month or so ago - knocked the dealer down a bit on his car too. Think I'll wait until the 197 Cup arrives though. I think it would be hard parting with my 182 though, it's a great car.

 

[DrR]

I don't think thats a bad price if you asking for a trade in?

 

[theduck]

All you people moaning about losing a couple of grand in a year. I would lose just over £5k on mine if I was to trade it in now (12months and 3 days after collecting it!)

 

[MRBILLYUK]

It always amazes me how people are shocked when they are offered 1000's less than they paid for their cars 1 or 2 years down the line . The fact is it's a tin box that costs money to run , repair etc ... Newer models come out which " can " affect the price of older models . If your gonna part ex always be prepapred to get your arse raped at the dealers . They will more often offer you silly money and try and sell it for as much as they can to make maximum profit obviously . Even the Trophy hasn't held its price as much as people thought it would . Cars are liabilties " not " investments .

 

[LegoHead]

I was told that a 54 plate identical to mine (but standard) would get me 8.5k and that was from the manager at a dealers!

 

[xXAbigail182Xx]

oh pwp

 

[JBarber]

I expected to lose lots, it was just they were offering £3.7K less than a lower spec car (same plate) they had on their forecourt. I expected a couple of grand different but not nearly £4K

 

[MarkCup]

It always amazes me how people are shocked when they are offered 1000's less than they paid for their cars 1 or 2 years down the line . The fact is it's a tin box that costs money to run , repair etc ... Newer models come out which " can " affect the price of older models . If your gonna part ex always be prepapred to get your arse raped at the dealers . They will more often offer you silly money and try and sell it for as much as they can to make maximum profit obviously . Even the Trophy hasn't held its price as much as people thought it would . Cars are liabilties " not " investments .

So true.

I always laugh my ass off at "What a rip off. He's got them on the forecourt for £9.0k but only offered me £7.5k for mine!" type posts.

The only way to protect yourself from or minimise the effects of depreciation, is to keep your car for a very long time.

To most on here though, it seems "a very long time" is more than 12 months LOL

 

[C.slicker]

Some people in this thread seem to think that the market depreciation is just the divergence between the price paid at a dealers and the price offered by a dealer after x amount of time. Not so.

The dealer will sell for at least 10% more than what he bought it for and main dealers will want closer to 20%.

Sam

 

[C.slicker]

It always amazes me how people are shocked when they are offered 1000's less than they paid for their cars 1 or 2 years down the line . The fact is it's a tin box that costs money to run , repair etc ... Newer models come out which " can " affect the price of older models . If your gonna part ex always be prepapred to get your arse raped at the dealers . They will more often offer you silly money and try and sell it for as much as they can to make maximum profit obviously . Even the Trophy hasn't held its price as much as people thought it would . Cars are liabilties " not " investments .

So true.

I always laugh my ass off at "What a rip off. He's got them on the forecourt for £9.0k but only offered me £7.5k for mine!" type posts.

The only way to protect yourself from or minimise the effects of depreciation, is to keep your car for a very long time.

To most on here though, it seems "a very long time" is more than 12 months LOL

Or to do some work/take a risk and buy and sell it privately.

Sam

 

[MRBILLYUK]

I expected to lose lots, it was just they were offering £3.7K less than a lower spec car (same plate) they had on their forecourt. I expected a couple of grand different but not nearly £4K

Like Sam says . Selling private is the only way you'll get anywhere near it's true market value . At the moment the market for 182's is a little bit stagnant as there seems an abundance of them for sale . Thats also another reason why a dealer will offer you well under market value as he knows he might have it on his forecourt for longer than he ideally would want to .

I was offered £4000 for my 51 plate 172 on a part ex but sold it for £5900 on autotrader . It can a bit more hassle as it left me without a car for a week . Thats what dealers rely on , people needing a car straight away rather than being inconvenienced and having no transport .