Future Car Values (Dacia)

sufcfan1

After meeting up with a friend over the weekend, i have had a chance to look around his new Dacia Duster.

While I will be the first to admit that for the price he paid (around £14-£15k) it is a lot of car for the money. It is a 1.5 diesel with reasonable economy for the size of car and quite a good sat nav system.

I know it is made of bits out of the Renault parts bin and shipped in from India etc, but i was impressed.

While my older car owes me at least another few years now it has lots of new parts, what are peoples thoughts on the value of these after 3 years or so?

They seem to have sold a good number of them, so will be a common car, parts will be reasonably cheap, being mostly Renault.

Will these depreciate like a stone or hold up reasonably well? Could they be a bargin family mover in a few years time?

Herzlos

I don't think they'll hold their value any better than anything else, so assuming they'll be no more than 45% of the new price at 3 years old. Dacias strict no discount policy might help keep prices up to some extent though.

I'm holding out for a 3-4 year old 4x4 one when they get to that age, and see what condition they are in. Purely because I can't justify spending £15k on a car even if you get a lot for it.

IamNotAllowedToUseMyName

Is not a fundamentally bad car, though you have to load up the spec to get stood you might expect to have. Really being targeted at the Eastern European market stuff you expect like stability control just isn't there and air con is apparently an expensive option.

When you come to sell you will be competing with other cars that have gadgets and image and you will not have the "it's not perfect but it's new" lure. So the depreciation with probably be much like any car and your true cost of ownership will be that you bought cheap and sold cheap.

In 3 years time, or even 1 year, would it feel like a bargain, where you excuse it because it was value for money, or is it just vaguely disappointing? Years ago after doing silly company mileage I was able to buy a new Merc and even when it was 15 years old people still were mildly impressed that we drove a Merc (especially my mate with the garage that sent the repair bills).

If you are hankering for something better, look at 1 year old 10,000 mile cars and see what you can get with a manufacturer's warranty. You might get a better car that will last as well.

Herzlos

It's probably also worth noting that the UK market is particularly snooty about brands - look how Skoda is still regarded despite what they've produced recently. So Dacias will be pretty good value since a lot of people won't touch them purely due to the badge.

Hintza

It's taken Kia and Hyundai years to be accepted as mainstream brands.

jase1

There has been a lot of hype surrounding these cheap cars, and for the life of me I don't know why.

German reliability (ADAC) results have not been promising (all Dacias right down near the bottom) and from what I have seen of them they're no better than the Daewoo/Chevrolets which really struggle to sell second-hand.

At £5995 I think they're worth a punt; at £15K, I think I'll wait for someone else to be the guinea pig thanks.

However, if said £15K car is only worth £3000 after three years, count me in (as long as they hold together OK).

colino

While the brand is still too new to report back real figures, CAP estimated that Dacia would do very well in depreciation terms (I'm sure they quoted 34% of new value at 36 months) and that has contributed to them flying off the forecourts.

Netwizard

There are thousands of these things around Europe, so that speaks volumes to me, but then, the Europeans are less snotty about brands and badging.

I'd have one in bottom of the range Access trim and then run it into the ground I think they are good looking cars.

jase1

http://www.anusedcar.com/index.php/tuv-car-make/dacia

They are Renault-level for reliability.

There are also thousands of Renaults in Europe... it still wouldn't make me pay £15,000 for one.

motorguy

Business Car Manager are saying CAP has predicted approx a 34% return after three years with approx 60,000 miles.

http://www.businesscarmanager.co.uk/dacias-budget-duster-set-to-be-a-depreciation-winner/

That would be "auction price", so expect retail prices to be around 50% of the new price.

What Car? are predicting 50% @ 36,000 miles which would be retail price, so broadly in line with the CAP thinking.

http://www.whatcar.com/Review/EditionCompare?newOrUsed=New&makeId=29805&modelId=33195&editionId=40467&makeId1=&modelId1=&editionId1=&makeId2=&modelId2=&editionId2=#RunningCosts

andrewf75

Netwizard wrote: »

but then, the Europeans are less snotty about brands and badging..

not to mention geography!

can't imagine a continental European referring to "the Europeans" as if they were somehow seperate