Astra v Focus.

Tozer

cyclonebri1 wrote: »

56 plate, actually I checked, it was 2 years ago, Jan 07, so a fairly new car????

So is mine, and it's french:eek: :eek: :eek: :eek: :eek:


Cheers fellah

Majorly low spec then.

cyclonebri1

Tozer wrote: »

Majorly low spec then.

Living up to your username??

AdrianHi

I have done calculations on what the real cost of new Kia or Hyundai is before account for free finance and 7 / 5 year warranty. It is not enough to compensate for the higher depreciation you suffer, you can buy extended warranties and get cheap enough finance for alternative cars. Nothing against these cars, level odepreciation os unjust IMO. Keeping the car long term helps, but insurance pays out on market value if the car is written off so youn can loose there too.

Tozer

cyclonebri1 wrote: »

Living up to your username??

Eh? No just saying that the car you must have sat in must have been bottom of the range if it had an interior like a Cavalier.

Inactive

AdrianHi wrote: »

I have done calculations on what the real cost of new Kia or Hyundai is before account for free finance and 7 / 5 year warranty. It is not enough to compensate for the higher depreciation you suffer, you can buy extended warranties and get cheap enough finance for alternative cars. Nothing against these cars, level odepreciation os unjust IMO. Keeping the car long term helps, but insurance pays out on market value if the car is written off so youn can loose there too.

Not quite sure how anybody can do accurate calculations in the present climate, less new cars = less used cars tomorrow.

A used car that is say 3 years old with a remaining warranty of 2 or 4 years will I believe become increasingly attractive in the used car market, especially in a recession.

Time will tell.;)

JonathanA

Inactive
I've been thinking about that too. Let's say in 3 years time that we're out of recession and there is a pent up demand for cars - new and used. With fewer used cars out there to buy, presumably the residual values may well be higher than now as demand will outstrip supply?

Inactive

JonathanA wrote: »

Inactive
I've been thinking about that too. Let's say in 3 years time that we're out of recession and there is a pent up demand for cars - new and used. With fewer used cars out there to buy, presumably the residual values may well be higher than now as demand will outstrip supply?

I am almost convinced that will happen, there has always been an over supply of used cars in the UK, this has kept used car prices artificially low, clearly the present economic conditions will reduce supply and have an impact on the market.


A Hyundai or Kia with a remaining makers balance of warranty is going to look attractive to used car buyers IMO.

cyclonebri1

Tozer wrote: »

Eh? No just saying that the car you must have sat in must have been bottom of the range if it had an interior like a Cavalier.

No, what I meant was that the switches and controls seemed as though they'd been pulled a the VX universal parts bin. Think it was a cdti spec or similar anyway a good spec diesel. Both the Focus and Megane appeared alot "fresher". Anyway it was the load space that clinched it for me;)

AdrianHi

I've just been checking on the latest depreciation figures.
It seems that in these challenging times, perhaps as expected, the (supposedly) more premium brands like VW are suffering more. A Golf no longer holds up to around 42%-45% of it's value at 3 years it's down to 39%, where Kia and Hyundai have stood still in the 33%-36% range. In cash terms your loosing about the same amount of money on a Golf selling for £1000 more than an i30 or Ceed when before you used to loose less by more than enough to offset 5/7 year warranty and free finance.
Could it be that 3 years down the line we will see Golf's and similar recover their residuals?

Due to the new costs associated with cars 3+ years old I think anything holding over about 42% of it's original list price is over valued in the used market, it's not worth that much as the younger car (not bought brand new) represents lower total cost of use.

Either way I still very much agree a used Kia or Hyundai is a great buy now and in 3 years time.

vansboy

The deprciation aspect, is easily taken care of, if you buy on a PCP - Personal Contract Plan - all makes offer them.

The number of people who have been able to 'walk away' from a heavily depreciated vehicle, as opposed to the few to have some higher value 'profit', after 3 years of ownership, indicates it to be a good way to budget your motoring costs.

In fact, it's win win situation for all, used right!.

Makers know there's a chance they'll be able to get another sale from you, after the 3 years you have the car.

Dealers will have some regular servicing to do, as well as a car they know, going onto their used stocks, so easier to sell on, again.

You'll be happy, 'cos you know how much it'll cost you.

& you MIGHT make a 'profit' on the value, at the end of it's life, with you.

VB