A New car with low depreciation

littlevic

littlevic

littlevic

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Joined
28 Dec 2004
Posts
30
Location
Glasgow
I am getting sick of all the repairs on the 307 that I currently own , and when it goes out of warranty I can see it costing a fortunes its always in the garage. My car is used pretty much for work only and I have been told by my boss (my dad) that he wants me to keep a relatively new car under 4 years old which is fair enough because I get a car allowance.
My 307 will have cost me about £2000 - £2500 for 6 months of ownership and that’s in depreciation alone.

So what would you get if you wanted a car with low depreciation , Pretty new so I don’t have to change to often with a budget of 9K max.

Performance wise I would like something that does 0-60 in about 10 seconds.

Currently looking at small cars because there always in demand so I can see the deprecation not being so bad on them.

The New Clio 1.6 VVT Dynamique
Fiesta Zetec S 1.6


3 doors is Preferred
And my current car is a 52 Plate 307 XSI 2.0L
 
most of what you have lost is the VAT, the depreciation would form part of it, but not most of it. thats one of the problems with buying a new car :<
 
Golf's have low depreciation, as would a 9k audi TT or something.

You'll need to get something slightly older which has taken the brunt of it already, i still maintain to this day that for the average motorist it'd be cheaper to run something like an oldish 7-series V8, or range rover V8, than something like a brand new 307.
 
New Grande Punto has agreed a projected residual value of 40% after 3 years, which is MORE than anything of its competition.

Yaris is worth 39% Clio is worth 38% Corsa is worth something like 32%

Car starts from £7594 which is cheaper than all its competition.

Go to your local dealer and have a look.
 
Fiat Punto and low depreciation in the same thread? Surely some mistake.

The sensible choice here is a used MINI. Depreciation is incredibly low - for a few years it was virtually zero, the bubble has burst now but its still very low indeed.
 
When you buy a new car you don't "lose the VAT" ammount, that just isn't the case.

You buy a new car costing £11,750. That's the market value of the car, if you sell it straight away without registering it, it is worth exactly the same amount of money to a purchaser if it is in the spec they want. They can't buy a similar item for less than the purchase price, so it is still worth £11,750.

The proportion the first owner pays as VAT is exactly the same as is paid as transport costs, dealership margin, manufacturer profit, it doesn't make any difference at all.

MINIS still seem to be holding their value well, I imagine there are enough mugs wanting to buy BMW 1 series as well, to hold the value up as well.
 
Muncher said:
You buy a new car costing £11,750. That's the market value of the car, if you sell it straight away without registering it, it is worth exactly the same amount of money to a purchaser if it is in the spec they want. They can't buy a similar item for less than the purchase price, so it is still worth £11,750.
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No, it absolutely is *not*.

Lets consider you do exactly this - buy a new car for £11750 then decide to sell it again. I now wish to buy the exact same make, model, colour and trim of the car and I have £11750 to spend.

Now, I can either buy it from you, for this £11750 you say it's still worth, bearing in mind you are a private seller, or I can simply visit my main dealer, the same place you bought it from, and pay exactly the same amount of money but get all the backup and peace of mind associated with purchasing a brand new car from a main dealer.

So, you won't be able to sell your car for £11750 even though its identical. You'll have to sell it for less to tempt anyone to buy it - sometimes MUCH less.
 
Sure, it isn't worth as much as as you are contracting with a private party but that has nothing to do with VAT whatsoever!

In a world where VAT does not exist, it will be worth less as it is a second hand good in the same way.

It is correct to say you lose money because your good is now second hand.

It is not correct to say that you will lose money because of any VAT you have paid.
 
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My two options would be a Mini or an A3. Just check their costs on autotrader for second hand ones.
The only possible drawback to the Mini is that it's being replaced later this year. I'd be inclined to wait for the new one before buying.
 
I predict the new MINI will have limited effect on residuals for the current model simply becuase the facelifted version looks so similar inside and out to the current model.
 
[TW]Fox said:
No, it absolutely is *not*.

Lets consider you do exactly this - buy a new car for £11750 then decide to sell it again. I now wish to buy the exact same make, model, colour and trim of the car and I have £11750 to spend.

Now, I can either buy it from you, for this £11750 you say it's still worth, bearing in mind you are a private seller, or I can simply visit my main dealer, the same place you bought it from, and pay exactly the same amount of money but get all the backup and peace of mind associated with purchasing a brand new car from a main dealer.

So, you won't be able to sell your car for £11750 even though its identical. You'll have to sell it for less to tempt anyone to buy it - sometimes MUCH less.
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yeah don't they reckon you lose a grand soon as you drive off the forecourt
 
[TW]Fox said:
I predict the new MINI will have limited effect on residuals for the current model simply becuase the facelifted version looks so similar inside and out to the current model.
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The new Mini will have a new Peugeot/BM designed engine.
Have to say that the Mini I tried on holiday was a brill car for it's size...apart from the engine, which was cack. Replace it with a decent one and it'll be even more stonking.
 
I'd definately go with the new mini. It doesn't drop much value at all.

If not, go for a pre-reg car of some sort. The discount you'll get will counter some of the initial depreciation.
 
Mr_Sukebe said:
My two options would be a Mini or an A3. Just check their costs on autotrader for second hand ones.
The only possible drawback to the Mini is that it's being replaced later this year. I'd be inclined to wait for the new one before buying.
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I may well be wrong, as I usually am predicting car pricing, but I don't see the new MINI having as good residuals as the current one.

It was a radical design when it was introduced which led to the huge demand (see Audi TT). Women now must have a 206cc this summer. Those women with sense and taste, who don't want a 206cc can get themselves a lightly used MINI and save a fair old whack over a brand new one which, to their eyes, looks no different.

Here endeth the chauvanism.
 
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