You are losing how much on your Rapide!!! Ouch
Discussion
more money than sense??
just seen this months Evo magazine and it shows details of one of there Fast Fleet cars.
An Aston Martin Rapide.
bought in June 2011 for £153,000
now 6 months old and 4666 miles worth £105,000 as a trade in!
so in 6 months it has lost £48,000 !!!, or £1846 per week or even worse more than £250 a day!!
that works out at £10.28 per mile without the cost of the fuel.
is this the fastest depreciating car ever??
just seen this months Evo magazine and it shows details of one of there Fast Fleet cars.
An Aston Martin Rapide.
bought in June 2011 for £153,000
now 6 months old and 4666 miles worth £105,000 as a trade in!
so in 6 months it has lost £48,000 !!!, or £1846 per week or even worse more than £250 a day!!
that works out at £10.28 per mile without the cost of the fuel.
is this the fastest depreciating car ever??
alancovkid said:
more money than sense??
that works out at £10.28 per mile without the cost of the fuel.
is this the fastest depreciating car ever??
So in a financial crisis, a very expensive car is depreciating heavily. Not exactly news to anyone who understands the market! that works out at £10.28 per mile without the cost of the fuel.
is this the fastest depreciating car ever??
I'd be very surprised if the rate of depreciation continued into it's second and third year. Again, as usual.
I doubt Bentley/Big Mercs or BMWs are any different. Comes with the territory, and lets people like me buy cars there is no way on earth I could afford new
My DB9 was over £120k new, I paid £50k. I would imagine the bulk of that was lost very early on...
)crostonian said:
Lots of people forget the VAT at 20% so in the case of the Rapide thats £25500 blown as soon as it leaves the forecourt!
Can anyone explain this to me? I have heard it a million times but it has never made sense. The car cost £153k regardless of how that price is made up.If the car had been worth £140k on trade in, would it have appreciated?
crostonian said:
Lots of people forget the VAT at 20% so in the case of the Rapide thats £25500 blown as soon as it leaves the forecourt!
I don't understand ? Most people buy cars like these in their capacity as a private individual - they get quoted a price inclusive of VAT when they buy the car new and they don't (can't) claim it back. If a buyer is looking at a secondhand Aston, he (or she) will compare the total all-in cost of the secondhand one to the cost of a new one. The fact that if he buys a secondhand one from a private individual, said car has no VAT element, is irrelevant. It's certainly not the reason a car depreciates so much in it's first year
As has been hinted at, main issue here is that vast majority of new Astons do not sell for list price. In the UK, I bet significantly more than half of all new car sales are dealer or factory specc'd, bought as new unregistered cars that are sat on dealer's forecourts, for around 15% - 25% off list. Then there are demonstrators/press cars/etc. The cars sat in the foyer at Gaydon are specc'd by the factory, sit there for c 3 - 6 mths, then offered to dealers. I'd be surprised if more than 25-30% of sales are of cars that are specc'd from scratch by the owners, but when that does happen, discounts are still possible - less so now than a yr or two ago and much easier for existing Aston owners, typically 5 - 15% off list
That's not to say depreciation isn't high, but as others have said, no different to anything else in this class providing you are looking at the true figures
seems like normal new car depreciation to me ...just bigger numbers than what most people buy/sell at
I have family members that buy new £25K family mainstream cars every 3 years, put 20-30K miles on them and trade in for £7-8K
so it always makes sense to buy 1/2 price 3 years old if you are worried about depreciation, regardless of brand of car
whats trade price on a 3 year old Vantage? £45K ?
if you cant afford to throw away at least 50% of list RRP in the first 3 years, dont buy new cars.....
I have family members that buy new £25K family mainstream cars every 3 years, put 20-30K miles on them and trade in for £7-8K
so it always makes sense to buy 1/2 price 3 years old if you are worried about depreciation, regardless of brand of car
whats trade price on a 3 year old Vantage? £45K ?
if you cant afford to throw away at least 50% of list RRP in the first 3 years, dont buy new cars.....
Just had a look at Stratstone's site out of interest. They have a very fully loaded Rapide (with rear seat entertainment, storm black paint & ventilated seats, that alone adds 5k to the list price taking it to 157k+ list OTR).
It's registered 29th Sept, so latest plate & MY. It has done 100 miles and has a quoted asking price of 119k - that give's a much better idea of what is an appropriate cost price to use when considering the depreciation ..........
It's registered 29th Sept, so latest plate & MY. It has done 100 miles and has a quoted asking price of 119k - that give's a much better idea of what is an appropriate cost price to use when considering the depreciation ..........
cayman-black said:
brakedwell said:
Take with a pinch of salt, or smelling salts if you have bought one!
Edited by brakedwell on Monday 2nd January 14:37
One of these graphs for a V12Vantage would be good brakedwell !
brakedwell said:
You can get it on What Car Depreciation Calculator
Thanks. There figures are miles out.Gassing Station | Aston Martin | Top of Page | What's New | My Stuff