Ouch!
- Thread starter Woody
- Start date
Not really, I was just browsing What Car and came across their Car Depreciation Calculator tool. Thought I'd go for the most expensive Z4 as an example! I have obviously heard many people talk about how bad depreciation can be but have never really thought about it before. Seeing the numbers there just shocked me a bit! I'm sure it's the same for all new cars, just slightly different % losses I guess? Fair play to those who can afford to take that hit though. Owning a brand new car must be awesome but is unfortunately something I'll probably never be able to do 
Woody said:Not really, I was just browsing What Car and came across their Car Depreciation Calculator tool. Thought I'd go for the most expensive Z4 as an example! I have obviously heard many people talk about how bad depreciation can be but have never really thought about it before. Seeing the numbers there just shocked me a bit! I'm sure it's the same for all new cars, just slightly different % losses I guess? Fair play to those who can afford to take that hit though. Owning a brand new car must be awesome but is unfortunately something I'll probably never be able to do
Why not ? my guestimate is 75% of new motors on the road are PCP cars so its more than affordable .
As proven by the 21yr old electrician at work currently running a brand new Fabia Vrs , £1200 deposit & £260/month , that's one weeks take home just funding the car , then his insurance at £120/month + fuel,tyres & tax
crazy days :roll:Ive been put off new or nearly new after losing my shirt on a rover 820i fastback in early 90's £9k to £1500 in 2 & half years :roll: utter shite as well , , hurt so much it made a lasting impression 8) since then ive enjoyed the motors i fancy & can afford but get in & out before the wallet get's seriously caned .
Best was aircooled 911 returning £1500 profit after 18 months incl running costs & a VW touareg i had for 2 years & sold for £50 less than i paid .
worst was a 2003 E240 losing me £5k in 3 years :thumbsdown: last merc i've touched
As a rule i usually run a car for 8/12 months then try to get back what i paid ? had the Zc almost 10 months
Best was aircooled 911 returning £1500 profit after 18 months incl running costs & a VW touareg i had for 2 years & sold for £50 less than i paid .
worst was a 2003 E240 losing me £5k in 3 years :thumbsdown: last merc i've touched
As a rule i usually run a car for 8/12 months then try to get back what i paid ? had the Zc almost 10 months
Hold on, hold on!
There's an "Approved Used" '13 plate 20i on Autotrader at the moment for £31,500 with over 1100 miles on it. If I have a '62 plate 28i with 650 miles on it (roughly the same spec), does that mean I can potentially make circa £7k over what I bought it for, given the BMW contribution and the money off for haggling?
Should take a good while for depreciation to be noticeable if that's the case.
There's an "Approved Used" '13 plate 20i on Autotrader at the moment for £31,500 with over 1100 miles on it. If I have a '62 plate 28i with 650 miles on it (roughly the same spec), does that mean I can potentially make circa £7k over what I bought it for, given the BMW contribution and the money off for haggling?
Should take a good while for depreciation to be noticeable if that's the case.
Nezzy33 said:
You would think..
Having had bids from pretty much every southern UK BMW dealer I can tell you your 28i will get a dealer bid around £25k and that's if its got pro nav and auto! Some would say, so sell it privately, again from experience, I can tell you people buying these newish cars want to get them from a dealer. Which makes no sense. In my case the card had warranty and service pack. Not one offer, even though up at £3k less than dealers...
Buy one at 3yrs old = half price ownership 
50% in 3yrs is about normal really, or 20% a year.
I wouldn't buy anything new if those depreciation figures make you say ouch, because unless you get something super special that defies the usual trends, all cars will be in the same kinda ball park on depreciation.
Dave
50% in 3yrs is about normal really, or 20% a year.
I wouldn't buy anything new if those depreciation figures make you say ouch, because unless you get something super special that defies the usual trends, all cars will be in the same kinda ball park on depreciation.
Dave
Unfortunately that's about right! I got just under £16,000 for my 2009 35i (with 31,000 miles) on trade-in for my Evoque! The dealer thought that was a good price!! (they sold it to a local BMW dealer). :?
A work mate has a 2 year old petrol 3 Series and he was looking at trading and he was told that the same year 3 Series as his in diesel format would fetch nearly £2K more come trade in!!
A work mate has a 2 year old petrol 3 Series and he was looking at trading and he was told that the same year 3 Series as his in diesel format would fetch nearly £2K more come trade in!!
