V6 Depreciation...?

[BigChris]

Was talking to work colleagues today as it came to my mind...

what will my mk1 v6 be worth in a couple of years?

reason i was thinking this is due to the mk2 being a bigger success in terms of marketing etc etc will the mk1 simply be "forgotten"...

Having just bought the car, i shouldn't really be thinking about it, but it just came to conversation, and after seeing how much my clio 16V dropped in price, and how much 172s are these days, im just curious what peoples opinions are on "how much my v6 will be worth in 2 years time?"

Obviously, i will service it every 12,000, and oil change every 6,000 @ Renault, and it will be kept standard, bar a stainless steel exhaust... so it will be a "standard" car...

Opinions?:race:

 

[Da]

Should really hold their value ok seen as the Vee is now no longer in production, and as more and more get written off etc they will become rare meaning the value is retained.

 

[BigChris]

yeh i was thinking that daz... am i also right in thinking (may get corrected here) there are were 500 mk1's lauched in the UK, and more mk2's?

 

[ant_v6]

Hard one to work out. The MK1 has (rightly or wrongly) a bad reputation as a performance car and quotes of not enough power and dangerous handling are rife. But then that type of thing can also be appealing (the old 911s!). It is also the original Clio V6 and probably the more iconic. I don't think it will be forgotten.

Still think they have a lot further to fall though. The MK2s are shedding cash quicker than Elton John at a rent boy party and that will put downward pressure on the earlier cars (I saw a MK2 on Pistonheads the other day at under £15k). Then there is always the possibilty that Renault bring out another one, and they way the 'hot hatch' revival is going the V6 is going to seem slow very soon and its appeal as a fast car slightly diminished as Ford, Vauxhall and Volkswagen slug it out for the title (and Renault try to make them look a waste of money with an even better lighweight Clio). Fuel prices must play a part too as the cost per litre will keep going up – not an issue for everyone but when a car drops in value and appeals to a wider audience with a smaller budget many of those people will question the running costs more closely.

On the positive side they are rare and quirky and also make for a good weekend toy or trackday weapon. I reckon they will bottom out at about £5-6k for the cheapest cars in the years to come before inflation plays a part and keeps them from dropping further. Can't see that you will lose a fortune on yours as the big losers are those that buy the new and nearly new cars.

In two years time I would guess £8-9k for the cheapest with nice early cars at about £10k. I'm no expert though.

 

[BigChris]

cheers ant, some interesting comments there...

it is true, that they are by no means "the quickest cars" on the market, but i wouldn't say they were "underpowered" its more of a question of being "overweight" i think.

In my eyes, there is enough power there, but with some slight modiciation, you could push it up a little i.e. full stainless decat exhaust, as opposed to the mild stainless they use as standard, and remapping the car.

In my eyes i think around the 10 grand mark would sound about right, but then once again, judging by modern markets its almost impossible to tell, and as you say fuel prices are playing a key role on buying a car these days, as its running it thats costing the money, as opposed to buying it now.

I think the rarity, and and novelty of these cars will keep them up there. But i may be eating my words in a few years... who knows.

Ill just live for the moment, and drive the thing!

 

[telford_mike]

Just keep it nice and hope for the best. If you had a mint, original 5 turbo 2 you could pretty much ask whatever you want for it. Don't know whether the V6 will have the same status though.

 

[cat171]

I don't see them dropping lower than they are already tbh, They have been at the same price for ages now - the lowest always seems to be 13K.

 

[telford_mike]

^^ true. the newer ones still lose value quite quickly, but the Mk1s are pretty stable as long as they're tidy.

 

[Jeremy Townsend]

I think that the 255s will stop dropping in value not that the new cars are no longer available. The problem with these cars is supply and demand, the value is affected by how many are for sale at one time as the market for them is quite limited.

 

[Darren S]

In my view, I think they will retain their value. Rarity definitely has a positive effect on their values (I know the location of just one V6) and I think for most Clio owners, they are the car to aspire to.

Although not cheap, I think the general maintenance costs from what I've read from you guys is pretty much would you'd expect for a car in that league. I think the Vee falls into that just out of reach category for most people and as a result will always have a demand.

D.

 

[TheRoninV6]

its not really a car you buy with common sence, i never thought about depreciation and running costs when i bought mine. Its a car you buy with your heart, the looks did it for me. Now if this is the general attitude of a V6 owner then hopefully they will retain a lot of there value. At the end of the day any car is only worth what somebody is prepared to pay, and hopefully the v6 will still demand a higher premium.

 

[137699]

I echo most of the comments above. I've been carefully monitoring the prices of Vee's ever since I canx'd my order for a brand new one in 2000, due to unforseen personal problems (splitting up with my missus and having to pay her £40k so I could keep the house!).

They seemed to fall to about £13k for the cheapest mk1 in about mid>late 2003, and you'll still be hard pushed to find one cheaper than that some 2 years later, though I got very lucky and picked mine up for £11k earlier this year, but I had to be super-quick and prepared to travel a long way to get it that cheap!

I'm pretty sure they've done most of thier depreciating. When you consider Escort Cosworths still fetch £12k+ and they're older and not really any quicker than the Vee (unless they've been heavily modified), then I can't see the Vee prices ducking under the £10k mark within the next 2-3 years.

I'd also point out that this time of year is the best time to buy a car like a Clio V6. There's a lot of people who buy these sort of cars as a summer toy, then look to offload later in the year. I was one of them - I had planned to sell mine come Sept/Oct, but am soooo hooked, that I cannot bring myself to part with it for now at least! The prices will be firmer come May/June next year! That's probably when I'll be looking to sell mine!