Depreciation on Aston V8 Vantage Roadster

[A12DY B]

Having put my car up for sale I cant believe the depreciation it has suffered in a small time

had it just over 6 months and 2000 miles and stand to loose £7000,

I understand I paid the dealership mark up but didn't think this would be normal on such a prestigious and rare marque

[lady topaz]

Having now got my computer back from OH I have some questions.

How old is your V8V?
Mileage (total, not what you put on)
Colour & spec?
Is this a PX sale or straight sale?

I bought my 2008 V8V Roadster 1,000mls on the clock for £82,000. Px'd two years later, 8,000mls for £66,000 I think, so £16000 in two years.

Harsh but fair I believe.

Please supply more detail.

Di

[limpsfield]

Doesn't seem that shocking to me - particularly if you bought off a dealer, I am presuming there is at least a few k gone straight away there surely. I don't think Astons are that rare if you look in the PH classifieds.

I don't think the economic climate is doing much to support the second hand price of any performance cars/weekend toys at the moment.

[355f]

A12DY B said:

Having put my car up for sale I cant believe the depreciation it has suffered in a small time

had it just over 6 months and 2000 miles and stand to loose £7000,

I understand I paid the dealership mark up but didn't think this would be normal on such a prestigious and rare marque

very unfortunate you have not used it much.

just sold mine after 18 months 18K loss, they are heavy depreciators.

[A12DY B]

lady topaz said:

Having now got my computer back from OH I have some questions.

How old is your V8V?
Mileage (total, not what you put on)
Colour & spec?
Is this a PX sale or straight sale?

I bought my 2008 V8V Roadster 1,000mls on the clock for £82,000. Px'd two years later, 8,000mls for £66,000 I think, so £16000 in two years.

Harsh but fair I believe.

Please supply more detail.

Di

This is mine

http://pistonheads.co.uk/sales/3202697.htm

Edited by A12DY B on Wednesday 7th September 19:04

[Jockman]

One hell of a spec Andy, and great looking car.

Bad time to be selling a roadster, and the Dealer margin looks the higher side of correct.

If you were part-exing you would get a better deal I should imagine.

My car is down £21K in 18 months so you could be worse off !!

You are just coming out of warranty so I assume by your ad that you are selling with extended warranty on it.

Good luck matey

[A12DY B]

Cheers, and dont feel so bad about the 7k now, I just expected these to be a bit like my mates Ferraris have been where a couple of k a year is lost

yes it has extended warranty until May next year,

just had a health and pre warranty check too

Edited by A12DY B on Wednesday 7th September 19:09

[George H]

You bought it at a time when roadsters are at their highest, and are selling when they are at their lowest. You could probably keep it until next spring, when they are more sought after, and not suffer any more depreciation on it.

[lady topaz]

At the risk of being flamed, you are POSSIBLY being hindered by some of the features.

The optional extras may not be to everyones taste. Aston buyers tend to err to the conservative side. Whilst costing more the additions may put people off.

Anthracite wheels combined with the red callipers are not everyones taste.

I also think you should tone down the ad a bit unless its fact. 'Detailed weekly' Does anyone spend £300 a week on a proper detailing? A valeting maybe.

On the plus side, putting the car up for inspection by Rick at DMS and Bamford Rose is a big plus for readers of this forum. Shows faith in the car so god luck to you.

Di

[A12DY B]

Thanks

I agree on some of the options being a bit bold for some people,

a valet wouldn't cover it, every time I wash the car, I take the wheels off to do the arches and wheels properly, use snowfoam and 2 wash bucket method, dry using microfibre towels, the car is left covered in blackfire and zymol glazes and wax products to set properly, then re applied and all arches, plastics, fabrics are dressed using highest quality products so its midway between a expensive valet and a mini detail.

I am more than happy for car to be inspected as I know nothing is wrong with the car

[Elrao]

I looked at yours, but was the red leather that put me off I'm afraid.

[Little Lofty]

Roadsters are a very seasonal market.I found it difficult to sell my RS4 cab in August as the dealers are reluctant to take them into stock in case they are stuck with them until the spring.Having said that if you had hated the car and sold it back to the dealer after 1 week you probably would have lost 4/5K.I took a chance on my car and bought from an independent dealer which saved me about £5K over a AM franchised car.I expect to spend a couple of grand on it (starting with new tyres yesterday)but hopefully wont loose as much come resale as I would had done if I had have bought from AM.Lovely car btw.

Edited by Little Lofty on Wednesday 7th September 21:56

[Adam2S]

I know you think £7k is bad, but I think you have actually done rather well. Sometimes I am really surprised by how the reality of running costs / depreciation of expensive luxury cars hits owners as such a shock. Your mates are talking b*llsh*t if they are telling you they buy and sell nearly new ferraris from dealers and only loose £2k per year!

Anyway here is why £7k loss is pretty damn good :

First the dealer margin on any £58k car is likely to be at least £5k - even if you sold it back to them 2mins after you bought it.

Second, as stated above you are selling a convertible just as the weather has turned bad for the rest of the year. There is always a huge seasonality to convertible prices. If you bought 6mths ago then you bought at the top of the market and selling now is close to the bottom.

Lastly, again as people have stated above - you are selling at a really bad financial time. The economy is as bad as it has been in the last 3 years - look at the stock market figures, it has dropped as much in the last month as it did in the major banking collapse of 2008. Things are REALLY bad at the moment, and things look a bleak as they have at any point in the last 3 years. Just take a look at the value of your pension / and stock market investments you have made and compare the value to what it was 6weeks ago (my online a/c shows my pension lost 20% in 3 weeks during August!!!). All in all there are very few people out there looking to invest £50k in a convertible gas guzzling luxury car right now.

Hang on to the car for 6mths and sell in spring you will probably find you dont loose hardly anything more than you have already lost. The weather will certainly have picked up and hopefully the economy will have a little too.

So I really do think you have done really well given the circumstances.

Very nice car by the way, it should sell as well as any V8V Roadster right now. Why on earth are you selling it after only 6mths???

Edited by Adam2S on Wednesday 7th September 22:24

[Jockman]

Adam2S said:

Your mates are talking b*llsh*t if they are telling you they buy and sell nearly new ferraris from dealers and only loose £2k per year!

I am 1,615 miles away and even I can smell the bullste on that one.

As for investment potential, despite today´s gains, if you are looking at at 20% hit the only thing my pitiful mind can suggest is a counter-intuative movement - BUY, BUY, BUY.

I find it remarkable that in the January sales people flock to the shops, yet during a stock market downturn they appear to flock off.

Good luck with the sale Andy - Di`s point is correct, you may be über-specked and your (justified) affiliation to the care of your car unfortunately does not add value

[michael gould]

Yep 7k at the end of the season sounds good to me ....I would have thought 10k would not be unreasonable........moral of the story......if you want to limit the depreciation then by in the winter and sell in the spring........or loose 7k

[Steve*B]

michael gould said:

Yep 7k at the end of the season sounds good to me ....I would have thought 10k would not be unreasonable........moral of the story......if you want to limit the depreciation then by in the winter and sell in the spring........or loose 7k

.....And if you want to avoid it completely.....keep it

[steveatesh]

Steve*B said:

.....And if you want to avoid it completely.....keep it

Or don't buy one - apparently small cars are doing very well if depreciation on an Aston et al is a concern!

[JohnG1]

A12DY B said:

Having put my car up for sale I cant believe the depreciation it has suffered in a small time

had it just over 6 months and 2000 miles and stand to loose £7000,

I understand I paid the dealership mark up but didn't think this would be normal on such a prestigious and rare marque

About £1k per month ask to bid. You bought a convertible in March and are selling in September. What do you expect? Do you expect it would be different for a similar priced Mercedes, Porsche, Ferrari, Lamborghini etc??

[A12DY B]

My mate has both a 348 and 360 and has hardly lost anything on either of them,

and honestly I thought the Aston would hold its value better than most due to limited numbers and their desirability.

unfortunately it seems I was wrong lol

[George H]

A12DY B said:

My mate has both a 348 and 360 and has hardly lost anything on either of them,

and honestly I thought the Aston would hold its value better than most due to limited numbers and their desirability.

So you thought a much newer car with similar amounts, if not more built, would lose comparable amounts to older ones at the bottom of their depreciation curve?

The V8V isn't really limited numbers - if you wanted that you should have gone for a Vanquish or similar.