Depreciation

[Grant_172]

I think im gonna cry, Paid 10490 for my car 8 months ago now, And its worth about 9 tops now. How gutted am I. Keep looking hopefully the market will pick up soon, I keep saying this but my car must go in the autotrader soon.

Hey ho, March 12th my ne car comes .......Cant wait

 

[Ad]

thats renaults and depreciation for you...

whats you new car??

 

[TheCake]

The market won't pick up mate.. its a Renault.

{Edit} Jesus Ad, f**king echo in here!

 

[Batman]

my rents bought a rover 400 for 6k then 8 months later it was worth 3k lol

 

[TheCake]

my rents bought a rover

Theres the mistake mate.

 

[Grant_172]

Yeah lol, New car is a VW Eos, Not mine tho, So no depreciation, Just Tax from now on. New car every 6 months too

 

[Maz]

If I had know the depreciation was this bad I would have stayed clear tbh

 

[Batman]

my rents bought a rover

Theres the mistake mate.

nah that wasnt the mistake they got a metalic lime green one :evil:

 

[Grant_172]

Yeah, Just the fact I kept my old 172 for a year added 20k and sold it for the same amount I bought it for!!!

 

[TheCake]

Theres the mistake mate.

nah that wasnt the mistake they got a metalic lime green one :evil:

flol... mmmm nice!

 

[_Kenny_]

good for us that are looking at cars such as the 182 tho

 

[Grant_172]

indeed it is, Mine will be for sale again soon with a lower price

 

[clio__chris]

ive lost about £3k in value over 3 years (compared to what they are up for in autotrader)

not bad but if i was bothered by it i wouldnt have bought a brand new car

 

[Fred@BTM]

its only money, its there to be spent!

 

[fizzy_drink]

I paid 15k for my 182 two years ago (to swallow some depreciation from my ol' 225)...

...it'll be auctioned-off next week for about 6k.

(ok I put 60k on it but still, that's 9k depreciation in 2 years!!!!)

:S


Interestingly, the book price for my car (as it is at the moment) is around 7k.

 

[Richy123]

I didnt really consider depreciation an issue with this car compared to more expensive cars I have owned but I guess 9k depreciation is a lot. But imagine the people spending over 30 grand on evos that are now worth 16 grand after a few years or tvr with all its problems now those cars will take a big hit surely.

 

[_Kenny_]

A Maybach loses 1k a day iirc!

 

[Ad]

its all releative.

With all cars, if you pay retail and then sell private or px then the you lose the most.

to give you some idea, over 8mths ago a looked at a FF 182 with cup packs, 05reg with 17k on clock would have been mine for 8650..... thats how to beat depreciation.. buy cheap

 

[S77CCP]

My Clio lost 2.5K in 14 months

my C2 lost 2.5K in 2.5 months.

Moral of the story is don't buy french.

 

[MRBILLYUK]

I have to disagree with part of your statement Ad .

Selling private is the best way . A general rule of thumb is never part ex if you don't have to . You'll get rock bottom price for the motor your part exchanging as the dealer wants to make money on the vehicle he's selling and then the vehicle he's receiving off you .

A private buyer will more often than not try and knock you down on the price , but he if really wants it he'll give you the full asking price , or you can call their bluff , stand your ground until he does .

Thats from my experience anyway .

Cars depreciate , fact .I wouldn't say Renaults are any worse than most makes imo. If your looking for a long term investment don't put your money into cars as they cost you from the very first day you bought it until you sell it .

I can't believe people are surprised when they get offered alot less than they think they will for their motor . Its a lump of metal that needs maintaining ffs .Buy it , enjoy it and stop whingeing , lol .:quiet:

But like Ad says , buy second hand and let somebody else take the majority of the depreciation .

 

[trailerparktrev]

If you're buying new always beat the dealer down on price I got 2k off the list price of my 182 Cup. I intend keeping it for another 2 years and it should be worth 5 - 6k so looking at around 120 quid a month in depreciation, I can live with that.
It pays to decide on why you want to buy your new car in the first place - take pacey for example, from what I recall he bought his car to save on fuel bills (If I'm wrong correct me Pacey) - but took a 2.5k loss in 2 months. Maybe buying an Aygo would of been a better choice - a classless car (like the original mini), cheap, fairly well built and fun to drive.
Then say after 2 and half months, realising that maybe the car isn't right and the car gets moved on then depreciation would be 500 quid max.

 

[S77CCP]

To be fair, I've sold the car at rock bottom price because i need to get rid of it. i could have kept it on my drive for another 2-3months and got another £500 for it, but as I now need to find somewhere else to live i decided to cut my loses and just get shot if it. Granted I did buy it to save money, and saved a few quid on tax and insurance but the thing kept going wrong and i lost patience in the end.

 

[ADY 554D]

I think im gonna cry, Paid 10490 for my car 8 months ago now, And its worth about 9 tops now. How gutted am I. Keep looking hopefully the market will pick up soon,

i was thinking the same just the other day i think i should have got an older 172 saved a few grand and still smiled as much as i do when i drive my 182:approve:

 

[Ad]

I have to disagree with part of your statement Ad .

Selling private is the best way . A general rule of thumb is never part ex if you don't have to . You'll get rock bottom price for the motor your part exchanging as the dealer wants to make money on the vehicle he's selling and then the vehicle he's receiving off you .

A private buyer will more often than not try and knock you down on the price , but he if really wants it he'll give you the full asking price , or you can call their bluff , stand your ground until he does .

Thats from my experience anyway .

Cars depreciate , fact .I wouldn't say Renaults are any worse than most makes imo. If your looking for a long term investment don't put your money into cars as they cost you from the very first day you bought it until you sell it .

I can't believe people are surprised when they get offered alot less than they think they will for their motor . Its a lump of metal that needs maintaining ffs .Buy it , enjoy it and stop whingeing , lol .:quiet:

But like Ad says , buy second hand and let somebody else take the majority of the depreciation .

Sorry to clarify, buying private is not a bad think, buy and sell privately and you will (providing you part with the right cash) minimise the depreciation to the smallest amount.

 

[jayxx83]

I paid 9800 for my 182 ff in black gold almost a year ago with 14k mile from Renault Ilford. They extended the warranty by an extra 3 months so that when it needs mot if anything has gone wrong it will get sorted for free. I bought it 7 months old so a lot of depreciation would have happened and I got a virtually brand new car where nothing has gone wrong.

Think now being an 05 plate in immaculate condition I have lost about 1k on depreciation which I can stomach, but Im not selling. I would never buy brand new now, between 6-12months is ideal so someone else takes the vat hit and initial depreciation.

 

[Steve]

Buy private sell private, it's the only way.

Maybe more people on here should give it a go, save loads.

Buy a car in 'demand' & you can't loose.

Never be in a rush to sell ( on here cars prices are droped by the hour), certain times of year are no no for selling, but good for buying.

 

[Evy.]

I sell Landrover's for a living.

10490 - 9000 trust me is really really good depreciation. Everything at work seems to drop a massive amount. 20,000 in 3months 50% after 18months. Range Rovers are scary. what ever you lose from retail to trade is first the dealerships profi then depreciation. I checked today and 172, 182's are dropping between 300-400 a month dependant on age etc.

 

[chris_m182]

bought my 182 back in march for £8700 (both cup packs, 17k miles) which i thought was a good price! Now i see similar reg cars with higher mileage still being advertised for over the £9k mark on auto trader.

so in 10 months i reckon i've maybe lost a few hundred quid if that, which i can live with