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Author Topic: Car Depreciation ................  (Read 5182 times)
No Longer Posh Red
Not Posh any more!

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« Reply #30 on: Thursday, March 19, 2009, 19:47:55 »

Dont buy Rovers!

Or if you do, move them back to Twerton Park Cheesy
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RobertT

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« Reply #31 on: Thursday, March 19, 2009, 22:41:58 »

"webuyanycar.com will buy your car for £50* (subject to inspection)"


I think I'll keep it.

What on earth do they need to inspect for £50?  Are they suggesting a cracked wing mirror may knock off a further 50p or something.
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DV
Has also heard this

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« Reply #32 on: Thursday, March 19, 2009, 23:24:34 »

57 plate bought brand new in November 07. I think it cost 7,999

We will buy your car for £5,220
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Talk Talk

« Reply #33 on: Thursday, March 19, 2009, 23:33:48 »

'95 Astra bought in 2004 for a grand.

Now worth £200-ish and still going strong (although I do maintain it to fuck).

That's about £160 depreciation a year.

I win  Cheesy
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Talk Talk

« Reply #34 on: Thursday, March 19, 2009, 23:41:44 »

...or how about:

1960 Matchless G80 500cc, bought in 1978 for £500.

Now worth about £2,800.

That's been appreciating about £77 a year...
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nochee

« Reply #35 on: Friday, March 20, 2009, 00:08:59 »

VW Golf GT TDi 99 plate 127,000 miles.

I paid £1900 3 weeks later smashed it into a wall writing it off.

Just been paid out £2550 insurance money after excess. 

Laughing my ruddy head off.
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flammableBen

« Reply #36 on: Friday, March 20, 2009, 00:14:02 »

Car Deprecation
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nochee

« Reply #37 on: Friday, March 20, 2009, 00:49:29 »

Car Deprecation

It has "car" in the tiltle, surely i get a point for that.


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nochee

« Reply #38 on: Friday, March 20, 2009, 00:50:12 »

And the actual car was a lot smaller after i had finished with it!
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lambourn red

« Reply #39 on: Friday, March 20, 2009, 08:06:50 »

I am really depressed after doing that  Crying Bought my A4 Cabriolet new for 31k march 06 it has 52k on the clock and they value it at £13,100, I have a baloon payment next March of 8.5K at this rate the car maybe worth less than that.
When I bought it the second hand values of 3 year old A4 Cabs was 17.5k - Fucking cunting Gordon Brown and his cronies.
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pauld
Aaron Aardvark

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« Reply #40 on: Friday, March 20, 2009, 11:12:29 »

When I bought it the second hand values of 3 year old A4 Cabs was 17.5k - Fucking cunting Gordon Brown and his cronies.
You bought a car off Gordon Brown and the cabinet?
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lambourn red

« Reply #41 on: Friday, March 20, 2009, 11:29:18 »

You bought a car off Gordon Brown and the cabinet?
You know what I mean clever cloggs 10 years of mis management of the countries finances that have left us in the current situation we are in i.e. the longest and worst predicted recession of all the G7 countries.
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pauld
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« Reply #42 on: Friday, March 20, 2009, 12:01:41 »

You know what I mean clever cloggs 10 years of mis management of the countries finances that have left us in the current situation we are in i.e. the longest and worst predicted recession of all the G7 countries.
Yes sorry I just made a cheap gag. But to be fair, everyone knows buying cars new is a mugs game in terms of depreciation and the 2nd hand car market is notoriously volatile. While it's reasonable to check out resale value when buying to expect that to hold steady three-four years down the line is a bit optimistic. It's like these people who got stung on mortgages because they overstretched themselves and had hoped to use the property in part as an investment. It's not an investment, it's a house, you live there. Likewise, it's not an investment, it's a car. I'd be as p'ed off as you are in your shoes, but having the value fall of a cliff is always going to be the way when you buy a car new
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lambourn red

« Reply #43 on: Friday, March 20, 2009, 12:43:39 »

The only softening blow is that I get £600 a month car allowance but I am seriously considering buying the car outright and keeping it for at least another 5 years . I certainly will not be buying a new car again bearly new is the way forward.
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THE FLASH

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« Reply #44 on: Friday, March 20, 2009, 13:07:13 »

You bought a car off Gordon Brown and the cabinet?

Never buy a car off a one eyed Scotsman!
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