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Non Porsche depreciation

Hendo

Well-known member
Joined
26 Nov 2002
Messages
1,119
Friday night, I dinged Mrs H's wing mirror on the Range Rover and had to get replacment glass on Saturday morning. As is my want when in a car show room, I priced up a new RR sport, and asked about PX for mine. We paid circa 28k for it summer 2003 and got offered 11k trade in. So 17k in 2 years!! WTF?. Added to this, the earliest arrival for a sport is march and they wont hold the PX price because in his words, "the depreciation is between 500 and 1000 per month!!". A quick shufty on the land rover web finds a car a year older, with loads more miles and no sat nav selling for 15k. So they pay 11 for mine, spend less than a grand on a service and warranty, (which incidentally, isnt wortrh the paper its printed on as I have already found), put it up for 16-17k and look for close on a 30% bid/offer spread?

I believe all sales folks at LR dealerships are trained in the opening line of

"Stand and deliver!!" :evil:

The moral of all this is of course how justified I am in the tweaks I'm planning for the C4S early next year because it doesnt cost me 9 grand a year :wink:


Migration info. Legacy thread was 37226
 
now they don't call 'em stealers for nothing !

and of course the mrs can never accuse you of having an expensive car to run ! so she ain't tempted by the new Nissan Micra then ? which I hear does hold a good proportion of its value ! :D


Migration info. Legacy thread was 37230
 
How'bout a Porsche KN? Surely it'll keep the value better than RR. How's Mrs H's bump anyway?




Migration info. Legacy thread was 37232
 
Previous poster said:
Quote: Originally posted by Butzi on 07 November 2005

How'bout a Porsche KN? Surely it'll keep the value better than RR. How's Mrs H's bump anyway?
Bump doing very well thanks mate- any day now really!! Pepper doesnt work as there's no diesel (thank god some would say!) and I wont get a toerag out of principal. I think we just run the RR until its worthless, which at the current pace is a week next tuesday

Migration info. Legacy thread was 37236
 
Previous poster said:
Quote: Originally posted by Hendo on 07 November 2005

Friday night, I dinged Mrs H's wing mirror on the Range Rover and had to get replacment glass on Saturday morning. As is my want when in a car show room, I priced up a new RR sport, and asked about PX for mine. We paid circa 28k for it summer 2003 and got offered 11k trade in. So 17k in 2 years!! WTF?.





ah but i take it your RR was the previous model one..........95-2001/2 model?................bro-in-law got offered £26k for his early 02 new shape RR TD...............he paid close to £50k for it 3 years ago too

Migration info. Legacy thread was 37237
 
Previous poster said:
Quote: Originally posted by Hendo on 07 November 2005

We paid circa 28k for it summer 2003 and got offered 11k trade in. So 17k in 2 years!! WTF?.

The moral of all this is of course how justified I am in the tweaks I'm planning for the C4S early next year because it doesnt cost me 9 grand a year :wink:
My thoughts exactly, which is why I bought a 96 993C2 for £30k over 2 years ago instead of a new Merc or BMW. An aquaintance of mine lost £25k in a year on a new Merc SL55 AMG which is what you could now pick a reasonable high miler 993. I`m sure you would only lose £5k on it, even trading it to a specialist.

Migration info. Legacy thread was 37238
 
Depreciation & cars seems no real way round it, you can only minimise it, I have a neighbour who has never learnt his lesson....likes Range rovers & Jags (always brand new), probably the worst possible combination....he proudly boasts how much he has "spent" in depreciation....what a horror story..he lsot something like £20k in just over a year on his last XKR

Migration info. Legacy thread was 37244
 
What it boils down to is by buying/selling through dealers you are acting on the wrong side of the strip as it were.

-At least by buying/selling privately you cut out the dealers margin.

-By buying an expensive car from a dealer you will inevitably lose loads of £££ in absolute terms just going from bid to offer, not to mention the depreciation anyway.

Both lessons I have learned the hard way! Never again...


Migration info. Legacy thread was 37247
 
I think we can all offer a story on depreciation! I don't know why the dealers think you will buy another car after taking an enormous hit on the previous one!

I've been lucky, my 993TT has appreciated by about £5K in the last 2 years. :eek:)


Migration info. Legacy thread was 37259
 
I would like to add that I am quite keen on the LR sport - looks very swanky, only the nose-dive depreciation and out of orbit running costs that put me off!

Migration info. Legacy thread was 37260
 
Previous poster said:
Quote: Originally posted by ACEparts on 07 November 2005

I would like to add that I am quite keen on the LR sport - looks very swanky, only the nose-dive depreciation and out of orbit running costs that put me off!




bro-in-law bought one of the first of these ones this year too.........TD version with DVD in the back for a whopping £2.5k..certainly has the Cayenne in the looks dept

Migration info. Legacy thread was 37262
 
Well I looked at the Cayenne, just couldn't bring myself to like the looks, should say something for the short term residuals but the RR sport was on a far longer delivery time (6 months compared to 4 for the Cayenne). Suspect the RR also won't have quite the reliability.

Still no complaints so far.




Migration info. Legacy thread was 37264
 
Previous poster said:
Quote: Originally posted by Rob J on 07 November 2005

Depreciation & cars seems no real way round it, you can only minimise it, I have a neighbour who has never learnt his lesson....likes Range rovers & Jags (always brand new), probably the worst possible combination....he proudly boasts how much he has "spent" in depreciation....what a horror story..he lsot something like £20k in just over a year on his last XKR
Never fails to amaze me how so many people are willing to take depreciation on the chin. If the value of your house or share portfolio fell like that, don't think you'd want to boast about it.

Migration info. Legacy thread was 37266
 

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