Depreciation

weedge · Feb 23rd, 2014, 17:10

Recently was in a Mazda showroom with a friend (he was looking at the new 3) and chatting to the salesman asked me if I was interested in a pre reg Mazda 6. I wasnt to be honest but its a nice car, and told him if the price was right for mine I might be. Anyway off he goes, does his sums and tells me he can give me £13,000. I have an S60 D2 se lux with 8000 miles on the clock. Its a 2012 car but bought pre reg may 2013. I walked away of course as I do like my S60 but was dissapointed with the price. Was the salesman being mean or has this car lost a lot of its value ?

Ninja59 · Feb 23rd, 2014, 17:27

Cars loose the biggest amount of money in the first years...VAT instantly accounts for a small proportion. Although looking at the residuals on the new 6,3 and CX5 they have outstripped the percentage residual value kept even above some premium cars.

It would not happen to be Mitchell's Mazda?

675rrr · Feb 23rd, 2014, 19:08

Hence my Thread on Buying new cars.

Westyman · Feb 23rd, 2014, 20:14

Forget fuel, forget insurance, forget RFL, biggest motoring cost is always depreciation.

Ransman · Feb 23rd, 2014, 21:02

I did a check today on a one year old XC60 to the spec I used to have and it does seem to have dropped at least £2.5k over the last 18 months. Must make it a great 2nd hand buy.

don kalmar union · Feb 23rd, 2014, 21:20

Volvo keep mum about it but the current S60 is the fastest depreciator in its sector.

Don.

cejsmith · Feb 23rd, 2014, 21:21

Well it would appear that v60 se lux lose about 17 k in the first year , if current prices seem to indicate !!!

XCeed · Feb 23rd, 2014, 21:38

Quote:

Originally Posted by Westyman

Forget fuel, forget insurance, forget RFL, biggest motoring cost is always depreciation.

...which always makes me smile when people splash out £40,000 plus for their new cars and then wail about getting a couple of miles per gallon fewer than they expected...it's PEANUTS guys...!!

don kalmar union · Feb 23rd, 2014, 21:46

Volvo keep mum about it but the current S60 is the fastest depreciator in its sector.

Don.

Brodick · Feb 23rd, 2014, 21:58

Quote:

Originally Posted by 675rrr

Hence my Thread on Buying new cars.

Still a pointless thread.

Those that want a new car will buy new then sell in on
creating a car for the second hand market.

Regardless of the depreciation I will always buy new (just careful with what I buy)

Feb 23rd, 2014, 17:10	#1
weedge New Member Last Online: Jun 25th, 2017 15:56 Join Date: May 2013 Location: chester	Depreciation Recently was in a Mazda showroom with a friend (he was looking at the new 3) and chatting to the salesman asked me if I was interested in a pre reg Mazda 6. I wasnt to be honest but its a nice car, and told him if the price was right for mine I might be. Anyway off he goes, does his sums and tells me he can give me £13,000. I have an S60 D2 se lux with 8000 miles on the clock. Its a 2012 car but bought pre reg may 2013. I walked away of course as I do like my S60 but was dissapointed with the price. Was the salesman being mean or has this car lost a lot of its value ?

Feb 23rd, 2014, 19:08	#3
675rrr Member Last Online: Jan 1st, 2023 17:43 Join Date: Jan 2012 Location: near the sea	Hence my Thread on Buying new cars. __________________ Volvo XC60 2011.5 Summum Kids Pack

Feb 23rd, 2014, 20:14	#4
Westyman VOC Member Last Online: Yesterday 20:57 Join Date: Feb 2009 Location: Derby	Forget fuel, forget insurance, forget RFL, biggest motoring cost is always depreciation. __________________ 2014MY XC60 D5 SE Lux AWD Geartronic hauling a 2011MY Vanmaster Accolade And for more fun: 1972 MG B GT

Feb 23rd, 2014, 21:20	#6
don kalmar union Trader Last Online: Yesterday 22:28 Join Date: Dec 2001 Location: Chesham, buckinghamshire	Depreciation. Volvo keep mum about it but the current S60 is the fastest depreciator in its sector. Don. __________________ Don.Norchi. MTE performance software , TME and Ferrita stainless exhausts, AP heavy duty clutch kits, KU single mass flywheels and LSDs. 01494 785508. email don@kalmar-union.com www.kalmar-union.com

Feb 23rd, 2014, 21:21	#7
cejsmith VOC Member Last Online: Apr 12th, 2024 09:10 Join Date: May 2007 Location: milton keynes View Photos By: cejsmith	Well it would appear that v60 se lux lose about 17 k in the first year , if current prices seem to indicate !!! __________________ Volvo v70 t5 sold,Volvo XC70 sold V50 2.0d se lux sold V60 se lux d5 sold Land Rover discovery sport sold Skoda Superb 272 L&K estate sold V90 CC B6

Feb 23rd, 2014, 17:27	#2
Ninja59 Probably Akita's Toyboy.. Last Online: Dec 27th, 2023 22:24 Join Date: Jul 2010 Location: A House.	Cars loose the biggest amount of money in the first years...VAT instantly accounts for a small proportion. Although looking at the residuals on the new 6,3 and CX5 they have outstripped the percentage residual value kept even above some premium cars. It would not happen to be Mitchell's Mazda?

Feb 23rd, 2014, 21:02	#5
Ransman Master Member Last Online: Dec 22nd, 2015 22:30 Join Date: Aug 2010 Location: Somewhere	I did a check today on a one year old XC60 to the spec I used to have and it does seem to have dropped at least £2.5k over the last 18 months. Must make it a great 2nd hand buy.

Feb 23rd, 2014, 21:46	#9
don kalmar union Trader Last Online: Yesterday 22:28 Join Date: Dec 2001 Location: Chesham, buckinghamshire	Depreciation. Volvo keep mum about it but the current S60 is the fastest depreciator in its sector. Don. __________________ Don.Norchi. MTE performance software , TME and Ferrita stainless exhausts, AP heavy duty clutch kits, KU single mass flywheels and LSDs. 01494 785508. email don@kalmar-union.com www.kalmar-union.com

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)