Originally posted by The Master
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Reply to: Car depreciation
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Previously on "Car depreciation"
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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.
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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!
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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.
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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.
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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 buy
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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.
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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.
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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.
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Originally posted by Dow Jones View PostWhile there is a good 2nd-hand market for BMW/Merc/Lexus motors (at least in London), you'll find that most prices are artificial and inflated by the authorised dealers whose interests lie obviously in keeping prices high.
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Had a long weekend in Rome and in all the hair raising taxi rides, the only seriously dangerous moment was caused by Mr 3 series, who just like here, pushed it just that bit further and relied on everyone else not to ram him (one day, one day!)
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Originally posted by Spacecadet View PostSaw a classic case of BMW driving yesterday.
Narrow street with cars parked on the right hand side (from my direction of travel), there were 3-4 cars coming in the other direction so i stopped before the parked cars to let them past as they had got there first.
Next thing i know, some plonker in a BMW 318 roars past me from behind, finds himself face to face with the oncoming cars and so, without stopping, has to mount the pavement to pass them.
I aplaude ye, owner of what is clearly an ultimate driving machine
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Originally posted by Spacecadet View PostSaw a classic case of BMW driving yesterday.
Narrow street with cars parked on the right hand side (from my direction of travel), there were 3-4 cars coming in the other direction so i stopped before the parked cars to let them past as they had got there first.
Next thing i know, some plonker in a BMW 318 roars past me from behind, finds himself face to face with the oncoming cars and so, without stopping, has to mount the pavement to pass them.
I aplaude ye, owner of what is clearly an ultimate driving machine
Leave a comment:
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