Soldato
- Joined
- 24 Dec 2004
- Posts
- 11,372
- Location
- Knowle, Solihull, UK
Rhyzz said:Mustang engine or not, £15k for a car that nobody wants to buy is £14,999 too much.
You need to ask yourself - Why is a £28k car selling for just £15k?
willd58 said:Exactly, a car only worth as much as people are willing to pay for it, as with anything in life.
£15k for a car nobody wants to buy? They're actually rather sought after as it happens
It's cheap because the company went bust
A £28k selling for £15k after a few years is nothing new either. Take the VW Phantom - a good car by all accounts but it'll loose a fortune in a few years.
50% after 3 years/36,000 miles is considered good for residual value - most of your basic Astras et al only manage 30-35%. Huge execs like the 7-series BMW will loose a fortune too