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What discount on nearly new car prices?

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  • lincroft1710
    lincroft1710 Posts: 18,940 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Lemoncurd - don't keep us in suspense, what car was it? Allowing for dealer mark up, that seems like almost 50% depreciation in just over a year.
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • Lemoncurd - don't keep us in suspense, what car was it? Allowing for dealer mark up, that seems like almost 50% depreciation in just over a year.
    It's a Ford S-Max, hope it doesn't continue to depreciate quite so fast!
  • Crikey...are you sure about that? What spec' was it?? Current brand new price on a hi spec Titanium 2.2 TDCi 175ps inc metallic paint is only £19600.

    Even if it was Titanium Individual Special Edition 2.2 TDCi 175ps the new price is still available at around £23,200.

    ...and all the Titaniums built from 3rd March this year have better residuals as they were given bluetooth, solar reflect windshield, ambient lighting, chrome door handles & lower grille all as extra standard kit (and the Tit'm X Pack got additional Bi Xenons too).
    Official Company Representative
    I am the official company representative of DealDrivers. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"
  • Lemoncurd
    Lemoncurd Posts: 965 Forumite
    Part of the Furniture Combo Breaker
    DD, I was just going on what my OH said but have just put all the details into the 'Vehicle Configurator' on https://www.ford.co.uk and it comes up with £28040 as the new price. It's a 2.5 220ps Titanium with X pack, full leather, DVD nav + 6CD, met paint, 15" alloys etc.
  • ahh..right. I think what you're trying to advise is that you've got " a lot of car" on a used SMax under 2yrs old, in comparison with what the latest model would cost now (end '08) with similar extras (if you ignore the extra items the current SMax model has as 'standard' over your older one).

    To get the real 'value' change you need to compare against the cost of your model when it was new, not the latest SMax. There have been several price changes on SMax since yours was built and a no' of spec' changes on the Titaniums especially. So.. it's not a case that yours has 'halved in value' as it hasn't, in real terms...against its accurate 'new price' at the time - and taking into account that it hasn't got several items that the latest models are now built with.

    Also, bear in mind - that 2.5 petrol engine will cost you £300 next April to tax due to its emissions, and a little more in April 2010...this is why high-engined petrol vehicles are selling cheaply on used stocks as they are harder to get rid of due to the tax changing substantially in Apr 09...and it does only 21.2 mpg urban cycle, 30.1mpg combined cycle (mfrs own figures) - another reason for the price you've got it at.

    I don't know what Ford's offical figures are for UK SMax sales of diesel v. petrol, but just on our own order-bank for them over the past 2yrs the diesel engines have outsold petrols by a ratio of 83:19 i.e. 81% have bought diesel as the residual values and economy are substantially stronger.

    Sorry to be pedantic (!) but there's a lot of misinformation and misleading comparisons being done lately, that don't quite give the 'real picture' of what is happening to car values, and more importantly, why some are faring so badly when others are still doing ok!
    Official Company Representative
    I am the official company representative of DealDrivers. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"
  • paddytt
    paddytt Posts: 302 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    What discount could you expect on a new S-Max at the moment then?

    Where's the best place to go for a 1 or 2 year old used one?

    thanks

    TT
  • the 2.5 in the s max is a volvo engine and you will be lucky to see 20mpg this is one reason why they are heavily discounted
    just the same as the focus st 2.5 which i have had two of
    i just had an s max 2.0 diesel for a couple of weeks and that was a nice car these can be picked up from 10k now and that is where my money would have gone
    remember it is nice to be important
    but more important to be nice ;)
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