Trade in/Depreciation
Discussion
Bought my 4.3 V8 Vantage on an 07 plate for £56000 from a main dealership in January 2010.
The car has covered 16120 miles and is mint with full AM service history.
Now after a DB9.
Been offered a trade in value of £35000 and £33000 trade in by two main dealers.
The former offer represents a depreciation of £875 per month.
OUCH !
Bit of a sobering thought when you see depreciation in those stark figures.
The car has covered 16120 miles and is mint with full AM service history.
Now after a DB9.
Been offered a trade in value of £35000 and £33000 trade in by two main dealers.
The former offer represents a depreciation of £875 per month.
OUCH !
Bit of a sobering thought when you see depreciation in those stark figures.
Morning, the markets at the moment are killing the values on large engine cars - the good news is this should translate to a saving of hopefully similar proportion on your new purchase.
If you sell privately you should get a chunk more than that (+10% ??). Main dealer retail to trade bid will always be the biggest spread.
The 07 cars took a £1400 drop in value on the 1st of December in the trade guides and it's not likely to slow down for 2-3 months.
Remember you only realise depreciation if you sell
If you sell privately you should get a chunk more than that (+10% ??). Main dealer retail to trade bid will always be the biggest spread.
The 07 cars took a £1400 drop in value on the 1st of December in the trade guides and it's not likely to slow down for 2-3 months.
Remember you only realise depreciation if you sell
Things are grim out there are the moment - I take it you have been watching the telly, we are about to go for a double dip!
So you could hang onto it for another year or so until the worst of the current economic disaster is over and sell it then for probably almost the same as its worth right now, thus smoothing your depreciation.
So you could hang onto it for another year or so until the worst of the current economic disaster is over and sell it then for probably almost the same as its worth right now, thus smoothing your depreciation.
The tv news is all doom and gloom at the mo. they're only interested in ramming bad news down our throats at every opportunity.
There have been pockets of very good things but these get a two minute mention after 20 minutes of near death for everyone you would think!
They only tell you what they want you to hear and unfortunately people believe It.
This country needs positiveness and optimism!
There have been pockets of very good things but these get a two minute mention after 20 minutes of near death for everyone you would think!
They only tell you what they want you to hear and unfortunately people believe It.
This country needs positiveness and optimism!
Mako V12V said:
The tv news is all doom and gloom at the mo. they're only interested in ramming bad news down our throats at every opportunity.
There have been pockets of very good things but these get a two minute mention after 20 minutes of near death for everyone you would think!
They only tell you what they want you to hear and unfortunately people believe It.
This country needs positiveness and optimism!
I totally agree with this. It's the sole reason I don't watch TV anymore.There have been pockets of very good things but these get a two minute mention after 20 minutes of near death for everyone you would think!
They only tell you what they want you to hear and unfortunately people believe It.
This country needs positiveness and optimism!
What people need is some positive mental attitude and not this doom and gloom negativity that spreads through society like rot.
Similar experience...
Bought 57 plate v8v in May 11 for 47k. 7months later, due to change in family circumstances, offered 32k, bonkers!
A couple of reasons contributing to the valuation:
- time of year
- number of owners (I am owner 5)
- current offers on new vantages
Conversation with the local dealer revealed that AM over-produced vantages this year and they are heavily incentivised to sell them. Heard of a guy that yesterday bought a 100k sticker-priced V8V for £70'001 on the road. Jesus! That's a 30k discount on a new Aston. Dealer stated that this practice was destroying the used market. Suggested waiting till new year when Aston are due to end the deals.
Bought 57 plate v8v in May 11 for 47k. 7months later, due to change in family circumstances, offered 32k, bonkers!
A couple of reasons contributing to the valuation:
- time of year
- number of owners (I am owner 5)
- current offers on new vantages
Conversation with the local dealer revealed that AM over-produced vantages this year and they are heavily incentivised to sell them. Heard of a guy that yesterday bought a 100k sticker-priced V8V for £70'001 on the road. Jesus! That's a 30k discount on a new Aston. Dealer stated that this practice was destroying the used market. Suggested waiting till new year when Aston are due to end the deals.
Paid £95 k for mt N420 that was £15 under list thought I done quite well , anyway I only got one trade offer as no dealers want stock and that was £70k , that's £3 k per month and is being written down in guides at £2.5k per month . Dealer I spoke to sold a Rapide new at £80k a DBS at £50k discount and a VS six months old low miles at £40k under list , had anyone ever paid list ? Or are list prices just a joke ? Of course depreciation only hurts is you sell , luckily I love the Vantage and will keep for a few years
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