Originally posted by Dow Jones
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Car depreciation
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The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.” -
Originally posted by Bagpuss View PostHerein lies the 'Porsche's don't depreciate much' myth. Because of the cost involved people want the security of buying from a dealer, this makes private sales hard, and hence the dealer is able to buy the car back under market value and sell on at a premium. I'm sure this happens with many other top marques too.Comment
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Originally posted by Bagpuss View PostHerein lies the 'Porsche's don't depreciate much' myth. Because of the cost involved people want the security of buying from a dealer, this makes private sales hard, and hence the dealer is able to buy the car back under market value and sell on at a premium. I'm sure this happens with many other top marques too.Comment
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Originally posted by DimPrawn View PostI worked with a contractor who bought a brand new 911, kept it for a few months and sold it back to the dealer at list price, as they had a load of mugs willing to pay over list price to jump the queue.Comment
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Originally posted by Peoplesoft bloke View Posthmmm - but how much over list had he paid in the first place?
If someone offers me £20k over the purchase price I'll snatch their hand off!Comment
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I once sold a car for £500 more than I bought it for after a year and 10k miles. But that was when you could import cars from the EC for 1,000s less than the UK price, the euro was about 1.8 to the £ at the time
Probably looking at 8k depreciation on my current car over 3 years
I've come to the conclusion that if the car is over 30k it's better to lease and bung the money in the bank. Otherwise it's usually cheaper to buyThe court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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Originally posted by Bagpuss View PostI once sold a car for £500 more than I bought it for after a year and 10k miles.
My new Alpina costs the same amount as my AMG did 5 years ago and with all the extras and is practically the same as a comparable 335i which its based on, but better.“Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.”Comment
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Originally posted by darmstadt View Post...................
My new Alpina costs the same amount as my AMG did 5 years ago and with all the extras and is practically the same as a comparable 335i which its based on, but better.Comment
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Originally posted by Churchill View PostNothing if you're willing to order the car and wait.
If someone offers me £20k over the purchase price I'll snatch their hand off!Comment
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I lose a spectacular amount of cash on every car I buy it seems. It is an unfortunate 'gift' that I appear to have.
Cars are not good for my bank balance, but I do like a nice motor.Rule #76: No excuses. Play like a champion.Comment
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