Depreciation!

[Anonymous]

Running in is not as critical as it was in the olden days. What is probably more important is getting the whole system warmed up before booting it.

Sorry I don't agree, why would any manufacturer spec a running in period? take Porsche for instance 1400 miles to run it in, at least if you can purchase new you know it's not had 200 test pilots during the running in period unlike OPC demo cars.

I've driven many Porsche Dealer cars that have had under 400 miles on them and have been encouraged to rag the a*se off the car

 

[ronk]

Running in is not as critical as it was in the olden days. What is probably more important is getting the whole system warmed up before booting it.

Sorry I don't agree, why would any manufacturer spec a running in period?

Of course a period of gentle use is required - My point was that todays running in is much different to the the days when the bores were tool cut and pistons assembled in that condition.
Production methods have changed (6sigma) and assemblies are buillt using components manufactured in that controlled manner.
You might remember (if youre old like me) that new cars often had a sign in the rear window
" Running in - Please Pass" and were generally not expected to do much more than about 40mph.


Ps - Not a good advert for Porsche dealers if thats how they want to impress their customers

 

[Kettleboy]

Here's one for you, should probably be in Dealer feed back, but hey ho

Saw a M135i last night on approved use search, called them today, there offer was not the best I'd had on the Z4, but better than local Dealer, asked if it was in good condition "it was the Sales Mnagers car and he's looked after it" so on that basis agreed to do a 160 mile round trip, intending to do the deal on the day, as it is taxed and he would get it prepped.

Arrived, yes, been prepped but as I walked up to it, parking dent in near side door. So met guy and told him not happy, he comes back, "no problem we have dent guy on site who can sort it" so I though, yes he probably can, as no paint damage.

Take it out, grin all over my face. Get back to dealership, walk round front, two scratches on bonnet, both over 6" long! He tells me my guy can get out, I can feel them with nail, so I tell him not likely.

Off he trots, back 10 minutes later, telling me they are gone, but of course from anything other than straight on look they are awful.

Obviously walked away, and he was surprised!!

1/2day, 40 quid in petrol, not impressed....

Don't expect this at a BMW DEALERSHIP, I might have a verbal moan, but not one for formal complaints, but seething at the moment.

 

[adam.b]

My brother had the same experience, told it was in lovely condition, he traveled to see it...ripped seats, dents, smelled of dogs and smoke!

No deal!

 

[Anonymous]

asked if it was in good condition "it was the Sales Mnagers car and he's looked after it"

Ah that old chestnut :lol: I'm sure you'll find that most OPC's cars are ex managers

 

[Anonymous]

1/ You might remember (if youre old like me) that new cars often had a sign in the rear window
" Running in - Please Pass" and were generally not expected to do much more than about 40mph.

2/ Ps - Not a good advert for Porsche dealers if thats how they want to impress their customers

1/ Err.. no I'm still a young lad :wink:

2/ I quite agree it's sad but true

 

[RLiu]

Recently i have been having a dirty perve at AM v8 vantages. First sold in 2006 Prices have dropped to below £30k (hence price of a new E89)
i.e. http://www.pistonheads.com/classifieds/used-cars/aston-martin/v8-vantage-coupe/aston-martin-vantage-vh2-v8-2006/1252606



Pretty sure the depreciation + maintenance would be less then a new E89 :lol:
Slap a private number plate and no-one will ever know its an 06 plate. 8)
Even when you are broken down on a hard shoulder no-one will know its not a new AM as they have a habit of this too! :evil:

first car aged 20 ~£3000 Pug 206 (useless car but loved it)
second car ages 23 Ford focus ~£6000 (practical but no fun)
third car aged 25 z4c ~£13000 (blowing my mind)
logic goes by 27-28 AM vantage ~£30000 right?

 

[ab7]

I very nearly bought an E89, there were two reasons I didn't - predominantly because I always wanted a coupe, but secondly because I decided I could afford but not justify (or stumache) the depreciation, money which at my age goes a good way towards holidays and first house etc.

Any car depreciates however - it's part of it.

asked if it was in good condition "it was the Sales Mnagers car and he's looked after it"

Ah that old chestnut :lol: I'm sure you'll find that most OPC's cars are ex managers

A sales guy on the phone can tell me whatever he likes, I'd only ever drive a long distance to view a car based on pics and the spec/ price I'm after.

 

[tomscott]

I buy mine 3-4 years old keep them 2 years loose 5-8k bothered? No... I had my fun and thats what I paid for.

Getting a warranty for me is a must, getting a complete dud is fairly rare but all cars will have their problems and thinking or assuming not one thing should go wrong is just stupid. So many components all of which are consumable.

If a car has been mistreated and their aren't many signs when purchased the likelihood of it completely dying is rare, until it hits high milage. I would never keep a car more than 60K so for me the likelihood of a complete failure is small too. The engineering on these cars is fantastic and you see so many BMWs hitting huge milage with barely any problems at all. Even the E46 M3s with over 200k on them.

I think the E89 has seen higher depreciation because they aren't as popular as the E85, on par cost wise to the competition AKA boxster but not as good or desirable, therefore huge dealer contributions to shift and rubbish trade ins to subsidise. I dont think the PCP deals help either. Not saying they are bad cars at all because they certainly aren't they just didnt appeal like some of BMWs more successful models.

With my Z4M its a 56 plate done 54k and if anyone had a look around with my private plate and without knowing the milage you would be hard pressed to think the above statistics were true. Although im beyond anal in its preparation. In the 2 years I aim to own it I dont see it loosing more than 4k. Even the guaranteed dealer trade was surprisingly high!

 

[Anonymous]

Depreciation is just another figure to factor into the cost of ownership. i.e. what you buy it for minus what you sell it for.

So many factors affect the figure - i.e. the initial drop in value when you drive it off the forecourt etc. If you sell it soon, then that seems high, but if you keep it, then that figure (whilst rising all the time, but not as quickly) doesn't seem as bad.

Look at leasing a car. A fixed monthly cost, but no initial deposit and no depreciation hit at the end.

 

[Anonymous]

to add...

If you buy with your head, and factor in depreciation, then it will seem expensive.

If you buy with your heart....well, what's depreciation?

 

[Quadracer]

to add...

If you buy with your head, and factor in depreciation, then it will seem expensive.

If you buy with your heart....well, what's depreciation?

:heart: :heart:

 

[ronk]

Why become the richest corpse in the graveyard?

 

[Quadracer]

Why become the richest corpse in the graveyard?

Exactly, my mother will never spend money, I encourage her to take plenty of holidays and enjoy herself. I said if you don't we'll of spent her money before she's cold

 

[original guvnor]

There is depreciation on a PCP. It's hidden in the cost of the monthly payment!! If the GFV was a lot higher your monthly repayment would be much lower. There's no avoiding depreciation but through clever buying you can minimise it.

The current E89 isn't an attractive proposition to me on a number of fronts without taking into account the depreciation question, but BMW's policy of heavy discounting would certainly put me off even if the other considerations weren't there.

There are much wiser places to put your new car cash and still have a lot of fun, than in a new E89.

 

[ronk]

Why become the richest corpse in the graveyard?

Exactly, my mother will never spend money, I encourage her to take plenty of holidays and enjoy herself. I said if you don't we'll of spent her money before she's cold

I'm told that its quite an accepted fact that as you get older (70's) you tend to spend less of your income . A financial bod told me to spend what you want now while you can still enjoy it!

I took his advice