New Car Depreciation
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Nobby_Nomates
Posts: 108 Forumite
in Motoring
We love our new cars in Britain, but the sobering fact is that is, while we tend to keep our new cars longer than ever before, now three years as oppose to two. The downside of this is that the level of depreciation is higher. As you drive away in your nice new shiny car from the dealer’s forecourt, you glance in your mirror, and the salesman has a big cheesy grin on his face.
Is it the fact that he’s met his sales target for the month? Or the fact that you car has just lost a minimum of 50% of it value (when you come back to part exchange it)
The list below indicates the cost of new cars in Britain and the percentage depreciation over three years of ownership, but does not take into account any discount negotiated with the dealer. The list while not exhaustive it includes some of the most popular car purchased in the UK.
A few years ago Britain was dubbed “Treasure Island” by the car manufactures, as we paid the highest prices in Europe. Prices have dropped consistently over the past few years. But last year showed an increase of 3.2%. And we still have the dearest cars in Europe.
The Competition Commission monopoly inquiry into the supply of new cars, found that private car buyers in the UK were paying about 10% too much for the average car, taking account of discounts, trade-ins and finance deals. Only 10% ????
But have they done any thing about it, the simple answer is no………..
There are realistic ways to save money. Car supermarkets offer decent savings on nearly new cars, personal import although daunting to your average punter, offer outstanding savings over the cost of a new car in the UK. The introductions of Pan European warranties have made it a lot easier to import cars. You could buy three year old cars and let someone else take the loss.
Used car dealers usually price there second hand cars over “book price” in order to protect their profit margin, just in case you have the audacity to negotiate a discount.
So bear this in mind. Look for the free vehicle price guide available all over the internet and do your homework first.
Before I go any further, this is not an anti car dealer rant, (far from it). It’s just practical advice, on saving money on your second largest investment.
But at the start of this, I stated we love our new cars in Britain and it’s true. New car sales in the UK have risen constantly over the past five years.
This information has been sourced from all over the internet and from my friend, who has been a car dealer for over twenty years.
Just take a look at what your new car will lose in three years time.....
Superminis
Percentage lost
On-the-road price---Amount lost in 3 years
50% Mini Cooper 1.6
£12,100
£6,025
55% Mazda 2 1.4 Antares
£8,995
£4,910
57% Honda Jazz 1.4 i-DSI SE
£10,363
£5,798
57% MG ZR 105 Plus
£12,495
£7,000
57% Seat Arosa 1.0 S
£6,515
£3,670
57% Toyota Yaris 1.0 VVT-i T3 ---£8,945
£5,080
58% Vauxhall Agila 1.2 Enjoy
£7,995
£4,590
59% Peugeot 206 1.1 S
£9,220
£5,335
60% Seat Ibiza 1.2 S
£8,800
£5,175
60% Volkswagen Polo 1.2 S
£9,005
£5,300
60% Volkswagen Lupo 1.4 S
£8,890
£5,295
61% Renault Clio 1.2 16v
£9,250
£5,585
60% Fiat Panda 1.2 8v Dynamic
£6,895
£4,170
62% Citroën C3 1.4i LX
£9,745
£5,940
63% Nissan Micra 1.2 16v S
£9,000
£5,565
64% Vauxhall Corsa 1.2 Life
£9,740
£6,125
65% Hyundai Getz 1.1 CDX
£8,195
£5,220
65% Peugeot 106 Zen 1.1
£8,200
£5,225
65% Ford Sportka 1.6 8v SE
£11,120
£7,085
65% Citroën C2 1.1i LX
£8,495
£5,420
65% Ford Fusion 1.4
£11,095
£7,090
65% Rover 25 1.4 Si
£10,245
£6,590
65% Ford Ka 1.3 8v Style
£7,495
£4,840
66% Skoda Fabia Comfort 1.2
£8,645
£5,600
66% Fiat Punto 1.2 Activ 8v Sport
£8,095
£5,240
66% Rover Streetwise 1.4 S
£10,340
£6,735
67% Suzuki Wagon R+ 1.3 GL
£7,995
£5,250
67% Ford Fiesta LX 1.25
£9,145
£6,020
67% Daihatsu Charade 1.0 EL
£6,795
£4,480
67% Daewoo Matiz 1.0 SE
£7,995
£5,310
68% Smart Pulse
£8,095
£5,430
70% Rover CityRover 1.4 Select
£7,895
£5,460
74% Suzuki Ignis 1.5 4GRIP
£8,995
£6,510
74% Daihatsu YRV 1.3 4trak
£10,995
£8,010
76% Perodua Kelisa GXi 1.0
£5,595
£4,150
76% Suzuki Alto 1.1 GL
£5,999
£4,484
77% Perodua Kenari EZi 1.0
£7,037
£5,292
Medium Size Cars
Percentage lost
On-the-road price---Amount lost in 3 years
49% BMW 1 Series 116i SE
£17,640
£8,495
54% Volkswagen Beetle 1.6
£12,345
£6,640
55% Mazda 3 1.4 TS
£12,000
£6,695
56% MG ZS 110 Plus
£12,295
£6,990
56% BMW Compact 316ti SE
£18,525
£10,600
59% Volkswagen Golf IV 1.4
£12,633
£7,328
59% Audi A2 1.6 FSi
£14,480
£8,515
59% Seat Cordoba 1.4 S
£10,015
£5,880
60% Mercedes-Benz A Class A140
£13,945
£8,220
60% Audi A3 1.6 FSi
£15,960
£9,455
60% Volkswagen Golf V 1.4 FSib
£13,035
£7,700
61% Honda Civic 1.6i S
£11,500
£6,885
62% Toyota Corolla 1.4 T3
£12,413
£7,568
64% Seat Leon 1.6 16v SX
£12,215
£7,670
64% Fiat Idea 1.4 16v Dynamic
£11,245
£7,070
64% Peugeot 307 SW 1.6 SE
£14,820
£9,335
64% Renault Mègane 1.4 16v
£12,590
£7,935
64% Volkswagen Bora 1.6 SE
£15,235
£9,610
65% Peugeot 307 1.4 S
£12,320
£7,885
66% Subaru Impreza 2.0 WRX 4x4
£20,000
£13,040
66% Alfa Romeo 147 1.6 Twin Spark
£14,450
£9,450
68% Nissan Almera 1.5 SE
£11,400
£7,685
69% Vauxhall Astra 1.4i 16v Life
£11,995
£8,150
70% Rover 45 1.4 Club
£11,995
£8,250
70% Ford Focus LX 5 door 1.4
£12,300
£8,485
70% Fiat Stilo 1.6 16v Dynamic
£12,395
£8,590
71% Chrysler Neon 2.0 LX
£12,705
£8,880
72% Kia Rio 1.3 LX
£7,508
£5,283
72% Citroën Xsara 1.4i Desire
£11,895
£8,440
74% Hyundai Accent 1.3 CDX
£10,495
£7,660
77% Proton Wira 1.5 LXi
£8,804
£6,624
Sports and coupé cars
Percentage lost
On-the-road price
Amount lost in 3 years
47% Mercedes-Benz CLK 200 Elegance
£28,350
£13,160
51% Chrysler Crossfire 3.2 V6
£27,995
£14,115
54% Toyota MR2 1.8 2 door convertible
£17,145
£9,110
56% MG TF 1.8i 135
£17,745
£9,790
56% Audi TT 1.8 T coupÈ quattro
£25,325
£14,025
56% Jaguar XK8 4.2 V8 auto coupÈ
£49,995
£27,835
57% Toyota Celica 1.8VVT-i 3 door coupÈ
£18,145
£10,200
57% Mazda MX-5 1.8i Sport
£18,000
£10,190
58% Ford Streetka 1.6 8v Luxury
£13,960
£7,940
59% Alfa Romeo GT 2.0 JTS
£21,495
£12,525
61% Smart Roadster 700cc convertible
£13,520
£8,145
61% Mercedes-Benz CL Class 500
£71,520
£43,470
63% Hyundai CoupÈ 2.0 SE
£16,495
£10,235
63% Alfa Romeo Spider 2.0 Twin Spark Lusso
£23,510
£14,650
63% Lexus SC430 SC430 auto
£51,095
£32,025
65% Alfa Romeo GTV 2.0 Twin Spark Lusso
£21,800
£14,010
66% Vauxhall VX220 2.0 Turbo Roadster
£26,495
£17,325
Is it the fact that he’s met his sales target for the month? Or the fact that you car has just lost a minimum of 50% of it value (when you come back to part exchange it)
The list below indicates the cost of new cars in Britain and the percentage depreciation over three years of ownership, but does not take into account any discount negotiated with the dealer. The list while not exhaustive it includes some of the most popular car purchased in the UK.
A few years ago Britain was dubbed “Treasure Island” by the car manufactures, as we paid the highest prices in Europe. Prices have dropped consistently over the past few years. But last year showed an increase of 3.2%. And we still have the dearest cars in Europe.
The Competition Commission monopoly inquiry into the supply of new cars, found that private car buyers in the UK were paying about 10% too much for the average car, taking account of discounts, trade-ins and finance deals. Only 10% ????
But have they done any thing about it, the simple answer is no………..
There are realistic ways to save money. Car supermarkets offer decent savings on nearly new cars, personal import although daunting to your average punter, offer outstanding savings over the cost of a new car in the UK. The introductions of Pan European warranties have made it a lot easier to import cars. You could buy three year old cars and let someone else take the loss.
Used car dealers usually price there second hand cars over “book price” in order to protect their profit margin, just in case you have the audacity to negotiate a discount.
So bear this in mind. Look for the free vehicle price guide available all over the internet and do your homework first.
Before I go any further, this is not an anti car dealer rant, (far from it). It’s just practical advice, on saving money on your second largest investment.
But at the start of this, I stated we love our new cars in Britain and it’s true. New car sales in the UK have risen constantly over the past five years.
This information has been sourced from all over the internet and from my friend, who has been a car dealer for over twenty years.
Just take a look at what your new car will lose in three years time.....
Superminis
Percentage lost
On-the-road price---Amount lost in 3 years
50% Mini Cooper 1.6
£12,100
£6,025
55% Mazda 2 1.4 Antares
£8,995
£4,910
57% Honda Jazz 1.4 i-DSI SE
£10,363
£5,798
57% MG ZR 105 Plus
£12,495
£7,000
57% Seat Arosa 1.0 S
£6,515
£3,670
57% Toyota Yaris 1.0 VVT-i T3 ---£8,945
£5,080
58% Vauxhall Agila 1.2 Enjoy
£7,995
£4,590
59% Peugeot 206 1.1 S
£9,220
£5,335
60% Seat Ibiza 1.2 S
£8,800
£5,175
60% Volkswagen Polo 1.2 S
£9,005
£5,300
60% Volkswagen Lupo 1.4 S
£8,890
£5,295
61% Renault Clio 1.2 16v
£9,250
£5,585
60% Fiat Panda 1.2 8v Dynamic
£6,895
£4,170
62% Citroën C3 1.4i LX
£9,745
£5,940
63% Nissan Micra 1.2 16v S
£9,000
£5,565
64% Vauxhall Corsa 1.2 Life
£9,740
£6,125
65% Hyundai Getz 1.1 CDX
£8,195
£5,220
65% Peugeot 106 Zen 1.1
£8,200
£5,225
65% Ford Sportka 1.6 8v SE
£11,120
£7,085
65% Citroën C2 1.1i LX
£8,495
£5,420
65% Ford Fusion 1.4
£11,095
£7,090
65% Rover 25 1.4 Si
£10,245
£6,590
65% Ford Ka 1.3 8v Style
£7,495
£4,840
66% Skoda Fabia Comfort 1.2
£8,645
£5,600
66% Fiat Punto 1.2 Activ 8v Sport
£8,095
£5,240
66% Rover Streetwise 1.4 S
£10,340
£6,735
67% Suzuki Wagon R+ 1.3 GL
£7,995
£5,250
67% Ford Fiesta LX 1.25
£9,145
£6,020
67% Daihatsu Charade 1.0 EL
£6,795
£4,480
67% Daewoo Matiz 1.0 SE
£7,995
£5,310
68% Smart Pulse
£8,095
£5,430
70% Rover CityRover 1.4 Select
£7,895
£5,460
74% Suzuki Ignis 1.5 4GRIP
£8,995
£6,510
74% Daihatsu YRV 1.3 4trak
£10,995
£8,010
76% Perodua Kelisa GXi 1.0
£5,595
£4,150
76% Suzuki Alto 1.1 GL
£5,999
£4,484
77% Perodua Kenari EZi 1.0
£7,037
£5,292
Medium Size Cars
Percentage lost
On-the-road price---Amount lost in 3 years
49% BMW 1 Series 116i SE
£17,640
£8,495
54% Volkswagen Beetle 1.6
£12,345
£6,640
55% Mazda 3 1.4 TS
£12,000
£6,695
56% MG ZS 110 Plus
£12,295
£6,990
56% BMW Compact 316ti SE
£18,525
£10,600
59% Volkswagen Golf IV 1.4
£12,633
£7,328
59% Audi A2 1.6 FSi
£14,480
£8,515
59% Seat Cordoba 1.4 S
£10,015
£5,880
60% Mercedes-Benz A Class A140
£13,945
£8,220
60% Audi A3 1.6 FSi
£15,960
£9,455
60% Volkswagen Golf V 1.4 FSib
£13,035
£7,700
61% Honda Civic 1.6i S
£11,500
£6,885
62% Toyota Corolla 1.4 T3
£12,413
£7,568
64% Seat Leon 1.6 16v SX
£12,215
£7,670
64% Fiat Idea 1.4 16v Dynamic
£11,245
£7,070
64% Peugeot 307 SW 1.6 SE
£14,820
£9,335
64% Renault Mègane 1.4 16v
£12,590
£7,935
64% Volkswagen Bora 1.6 SE
£15,235
£9,610
65% Peugeot 307 1.4 S
£12,320
£7,885
66% Subaru Impreza 2.0 WRX 4x4
£20,000
£13,040
66% Alfa Romeo 147 1.6 Twin Spark
£14,450
£9,450
68% Nissan Almera 1.5 SE
£11,400
£7,685
69% Vauxhall Astra 1.4i 16v Life
£11,995
£8,150
70% Rover 45 1.4 Club
£11,995
£8,250
70% Ford Focus LX 5 door 1.4
£12,300
£8,485
70% Fiat Stilo 1.6 16v Dynamic
£12,395
£8,590
71% Chrysler Neon 2.0 LX
£12,705
£8,880
72% Kia Rio 1.3 LX
£7,508
£5,283
72% Citroën Xsara 1.4i Desire
£11,895
£8,440
74% Hyundai Accent 1.3 CDX
£10,495
£7,660
77% Proton Wira 1.5 LXi
£8,804
£6,624
Sports and coupé cars
Percentage lost
On-the-road price
Amount lost in 3 years
47% Mercedes-Benz CLK 200 Elegance
£28,350
£13,160
51% Chrysler Crossfire 3.2 V6
£27,995
£14,115
54% Toyota MR2 1.8 2 door convertible
£17,145
£9,110
56% MG TF 1.8i 135
£17,745
£9,790
56% Audi TT 1.8 T coupÈ quattro
£25,325
£14,025
56% Jaguar XK8 4.2 V8 auto coupÈ
£49,995
£27,835
57% Toyota Celica 1.8VVT-i 3 door coupÈ
£18,145
£10,200
57% Mazda MX-5 1.8i Sport
£18,000
£10,190
58% Ford Streetka 1.6 8v Luxury
£13,960
£7,940
59% Alfa Romeo GT 2.0 JTS
£21,495
£12,525
61% Smart Roadster 700cc convertible
£13,520
£8,145
61% Mercedes-Benz CL Class 500
£71,520
£43,470
63% Hyundai CoupÈ 2.0 SE
£16,495
£10,235
63% Alfa Romeo Spider 2.0 Twin Spark Lusso
£23,510
£14,650
63% Lexus SC430 SC430 auto
£51,095
£32,025
65% Alfa Romeo GTV 2.0 Twin Spark Lusso
£21,800
£14,010
66% Vauxhall VX220 2.0 Turbo Roadster
£26,495
£17,325
As tight as two coats of paint 
0
Comments
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Large Cars
Percentage lost
On-the-road price
Amount lost in 3 years
49% Mercedes-Benz C Class C180 SE Sports
£20,990
£10,160
55% Jaguar X-Type 2.0 V6 S
£20,995
£11,385
56% Lexus IS200 2.0 V6 SE
£20,770
£11,470
57% Volvo V50 1.8 SE Sportswagon
£19,613
£11,023
58% MG ZT 120 Plus 1.8
£16,845
£9,630
58% BMW 3 series 316i SE
£20,475
£11,730
58% Volvo S60 2.0 T Sport
£21,845
£12,515
59% Mazda 6 1.8 TS
£14,600
£8,465
60% Saab 9 3 1.8i Linear
£17,995
£10,635
62% Honda Accord 2.0 Sport
£17,513
£10,703
64% Audi A4 2.0 FSib
£20,480
£12,965
66% Volkswagen Passat 2.0 SE
£16,425
£10,685
66% Toyota Avensis 1.8 T3-S VVT-i
£16,095
£10,480
67% Skoda Octavia Ambiente 1.6
£12,080
£7,945
67% Skoda Superb Comfort 1.8 20v turbo
£16,350
£10,790
67% Seat Toledo 1.8 20v turbo Sport
£15,015
£9,920
67% Rover 75 1.8 Connoisseur
£18,695
£12,380
68% Vauxhall Vectra 1.8 LS
£15,525
£10,410
69% Subaru Legacy 2.0i S 4X4
£16,985
£11,570
69% Renault Laguna Dynamique 1.8 16v
£16,315 ----£11,110
69% Ford Mondeo Zetec 1.8i
£16,785 ----£11,440
70% Mitsubishi Carisma 1.6 Classic
£9,999
£6,854
70% Volvo S40 Classic 1.8 SE
£15,713 ---£10,843
70% Volvo V40 1.8 SE
£16,713
£11,543
71% Alfa Romeo 156 1.6 Twin Spark Turismo
£15,560 ----£10,890
71% Peugeot 407 2.0 SE
£16,250 ----£11,380
71% Citroën C5 1.8i 16v VTR
£15,595 ---£10,930
72% Hyundai Elantra 2.0 CRTD CDX
£10,995
£7,780
73% Hyundai Sonata 2.0 CDX
£14,495----£10,425
74% Kia Magentis 2.0 LE
£9,008
£6,508
74% Nissan Primera 1.8 SX
£15,250 ----£11,135
MPV’s
Percentage lost
On-the-road price
Amount lost in 3 years
55% Seat Alhambra 1.9 TDi
£18,215
£9,860
56% Toyota Previa 2.4 T2 (8 seats)
£20,150
£11,115
56% Chrysler Voyager 2.4 LX
£21,220
£11,720
57% Mercedes-Benz Viano 2.2 CD
£24,530
£13,815
59% Volkswagen Sharan 1.8 turbo Sport
£22,435
£13,185
59% Vauxhall Meriva 1.6 8v Life
£11,395
£6,690
60% Honda Stream 2.0 i-VTEC SE Sport
£17,013
£10,043
60% Renault Grand Scénic 1.6 16v VVT
£15,910
£9,405
60% Volkswagen Touran 1.6 FSi S
£16,135
£9,540
60% Renault Espace Expression 2.0 16v
£21,325
£12,635
62% Mazda MPV 2.3
£18,600
£11,370
62% Toyota Corolla Verso 1.8 T3
£16,995
£10,390
63% Ford Focus C-Max LX 1.6
£13,690
£8,475
63% Citroën C8 2.0i 16v SX
£20,250
£12,700
64% Chrysler PT Cruiser 2.0 Touring Edition ----£14,520
£9,130
64% Vauxhall Zafira 1.6 Design
£15,995
£10,090
64% Peugeot 807 2.0 SE
£20,450
£12,930
65% Mercedes-Benz Vaneo 1.6 Family
£15,510
£9,920
65% Nissan Almera Tino 1.8
£14,000
£8,955
65% Toyota Avensis Verso 2.0 VVT-I T Spirit ----£21,023
£13,503
66% Daewoo Tacuma 1.6 SX
£11,995
£7,755
66% Mitsubishi Space Star 1.3 Classic
£9,999
£6,474
66% Fiat Doblo 1.2 MPi Dynamic
£9,995
£6,550
67% Kia Carens 1.8 LE
£11,008
£7,218
67% Kia Sedona 2.9 V6 CRDi LE diesel
£17,008
£11,233
68% Hyundai Matrix 1.8 CDX
£12,195
£8,135
68% Hyundai Trajet 2.0 GSi
£15,495
£10,375
68% Ford Galaxy Zetec 2.3i
£21,115
£14,195
68% Mazda Premacy 2.0 GSi
£14,600
£9,870
69% Citroën Xsara Picasso 1.6i
£13,995
£9,510
69% Fiat Multipla 1.6 16v Eleganza
£15,295
£10,395
70% Fiat Ulysse 2.0 16v Eleganza
£19,895
£13,765
73% Mitsubishi Space Wagon 2.4 GDi Equippe
£17,999
£12,979
Off-Roaders
Percentage lost
On-the-road price
Amount lost in 3 years
51% Volvo XC90 D5 SE AWD
£33,085
£16,870
53% Honda CR-V 2.0i VTEC SE Sport ----£18,213
£9,493
54% Mercedes-Benz M Class 350
£33,070
£17,700
56% Toyota Land Cruiser 3.0 D-4D LC3 --£27,850
£15,435
56% Lexus RX300 3 litre SE auto
£33,120
£18,390
56% Toyota RAV4 XT3 2.0 VVT-i Auto ---£18,245
£10,195
57% Volvo XC70 2.4 D5 SE Lux
£29,483
£16,638
57% BMW X5 3.0i Sport 4x4
£37,025
£20,945
58% Nissan X-Trail 2.0 SE
£16,995
£9,695
59% Jeep Cherokee 3.7 V6 Limited auto --£23,020
£13,420
59% Land Rover Range Rover V8 HSE 4.4--£53,995
£31,695
60% Volkswagen Touareg 3.2 V6 Sport ---£31,200
£18,560
61% Land Rover Freelander 1.8 S
£18,995
£11,425
61% Land Rover Discovery Td5 Landmark---£28,995
£17,810
62% Nissan Terrano II 3.0 Di SVE
£21,395
£13,100
65% Mitsubishi Shogun Pinin 2.0 GDi Elegance -£16,599
£10,709
66% Isuzu Trooper 3.5 Citation
£25,905
£16,935
66% Audi Allroad 2.7 T quattro
£34,455
£22,585
68% Vauxhall Frontera 2.2 Limited
£20,300
£13,640
Sports and coupé cars
Percentage lost
On-the-road price
Amount lost in 3 years
47% Mercedes-Benz CLK 200 Elegance
£28,350
£13,160
51% Chrysler Crossfire 3.2 V6
£27,995
£14,115
54% Toyota MR2 1.8 2 door convertible
£17,145
£9,110
56% MG TF 1.8i 135
£17,745
£9,790
56% Audi TT 1.8 T coupÈ quattro
£25,325
£14,025
56% Jaguar XK8 4.2 V8 auto coupÈ
£49,995
£27,835
57% Toyota Celica 1.8VVT-i 3 door coupÈ
£18,145
£10,200
57% Mazda MX-5 1.8i Sport
£18,000
£10,190
58% Ford Streetka 1.6 8v Luxury
£13,960
£7,940
59% Alfa Romeo GT 2.0 JTS
£21,495
£12,525
61% Smart Roadster 700cc convertible
£13,520
£8,145
61% Mercedes-Benz CL Class 500
£71,520
£43,470
63% Hyundai CoupÈ 2.0 SE
£16,495
£10,235
63% Alfa Romeo Spider 2.0 Twin Spark Lusso ---£23,510
£14,650
63% Lexus SC430 SC430 auto
£51,095
£32,025
65% Alfa Romeo GTV 2.0 Twin Spark Lusso
£21,800
£14,010
66% Vauxhall VX220 2.0 Turbo Roadster
£26,495
£17,325As tight as two coats of paint0 -
This is esp bad with the two new car releases a year..... were gettin stung twice as hard now as we used to be...... what can we do though?? Nothing will ever change as we need cars so have to buy them.....
Its like fuel charges, they can hold us to ransom......0 -
Happy birthday, my oh is 46 today tooACII and Chartered so now I can focus on learning to play my beautiful Sax. 🎷0
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Guess that's why I always buy a 2 -3 year old car from auction
If you do this you can sell them after a year (or 2 if you're lucky) for the same price you bought it for!0 -
But it didn't stop me buying the car of my dreams - a car that gives me enormous pleasure every time I get into it, and every time I come back to it.
Life isn't always about £'s and pence otherwise it would be very dull - sometimes you need to say what the hell, get your finger out and just do it.
MTC
0 -
The other consideration that has been missed off is how often a new model is released which is getting shorter and shorter. For the majority of vehicles no matter which is the better looking model people will ultimately want the latest styling/ spec and so as soon as the new model comes out you take another big hit on the resell value of your car.All posts made are simply my own opinions and are neither professional advice nor the opinions of my employers
No Advertising or Links in Signatures by Site Rules - MSE Forum Team 20 -
MINI is a good example of how inaccurate the figures quoted above can be!!
Usually (& I'll guess these number crunchers did it the same way) work from list price new & industry price guides when sold on. Both of which are quite often way out in real world situstions!
MINI is EXPERCTED to be loaded with add-ons to form part of the owners MINI 'adventure' so will therefore increase the actual cost price. This won't substantially be re-couped on salling later.
It isn't too easy to get much in the way of a discount on them either!
VB0
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