One year old car depreciation

Kilty_2

Destination_..._? wrote: »

Soon as your spanking new car front tyres leave the forecourt it's already depreciated in price by a few thousands . Sounds mad doesn't it that's the reality .

It's the reality for some cars.

If you read my post above you'll see it's not always the case.

paddedjohn

Kilty wrote: »

It's the reality for some cars.

If you read my post above you'll see it's not always the case.

its the reality for the majority of cars, not just some of them.

DadDee

In this case there is a very generous dealer discounts on new cars (nearly 22%). So nearly new don't seem to be such good value

XC90 new retail price - 40,530
XC90 Drive the deal - 33,762
2010 (Parker valns, 1 years old) - 31,645 (6.3% off)
2010 (Parker valns, 2 years old) - 28,000 (17% off)


DD

thelawnet

It's still a lot of money though isn't it. You get an awful lot of used car for £10k, why pay £30k for one?

It's all very well saying £33,762 vs. year-old for £31,645, but there's no shortage of XC90s selling for half of that, yes they are older, but it makes sense....

This might be a bit poverty spec http://www.cargiant.co.uk/Volvo/XC90/details-535760-Volvo-XC90.asp?viewtype=0

but it's a big saving.

Grumpy_Old_Duffer

DadDee wrote: »

I was looking to buy about a year old Volvo XC90. How much do you expect a new car to depreciate in year one?

Try http://www.whatcar.com/Advice/DepreciationIndexDelete?edition1=30876&remove=30876