Depreciation

[Targarama]

OK, probably a topic many don't like. I'm wondering what the collective think the recent model AM V8s will be down to in 12-18 months time. I'm thinking of one to replace my TVR T350 - with the exception of a 599 I cannot think of another car to replace the TVR right now apart from the Aston.

I'm hoping you'll say I can probably pick one up for around 50-55k by then I'd go for a less popular (cheaper?) colour though, like red (personal taste, but I can't stand silver, grey or black).

How is the servicing/insurance? Do/will Aston offer an extended warranty?

P.S. I don't suppose DB9s will be in that price range by then too???

[bogie]

Targarama said:

OK, probably a topic many don't like. I'm wondering what the collective think the recent model AM V8s will be down to in 12-18 months time. I'm thinking of one to replace my TVR T350 - with the exception of a 599 I cannot think of another car to replace the TVR right now apart from the Aston.

I'm hoping you'll say I can probably pick one up for around 50-55k by then I'd go for a less popular (cheaper?) colour though, like red (personal taste, but I can't stand silver, grey or black).

How is the servicing/insurance? Do/will Aston offer an extended warranty?

P.S. I don't suppose DB9s will be in that price range by then too???

I would have thought youd be able to get the earliest leggy ones for £50-55 in 18 months

servicing depends on where you live as the dealer labour rates vary from 90-150 ph + vat - 5.5 hrs on a 10K service + parts so £700-1000 ish

insurance - obviously depends on many factors, but we have a Sagaris, Elise and V8 and the V8 is the cheapest of the 3 by about 20% even though its worth more than the other 2 put together (yeah work that one out!)

you can extend the warranty up to 5 or 7 years i think - dunno how much it is per year though

[JohnG1]

There are no V8 vantages that have reached the end of the manufacturers warranty yet. I was given a non-binding guide price by an Aston Martin main dealer of £700-£800 per year for a vantage warranty.

[Double R]

as a valid measure look at the prices of the DB7 vantage and earlier models to calculate a reasonable rate of depreciation. Please consider also the supply side effect that is the V8 production of ONE year is the equivalent of almost all the DB 7 produced.

The V8 will be hit hard by depreciation but this is good news for second hand would-be buyers.

PS: there is no cheap Aston out there. Insurance, servicing will always be high.

PPSS: if depreciation is a concern then do not buy an Aston at all, if you do not mind me saying it

RR

[sadlerj]

JohnG1 said:

There are no V8 vantages that have reached the end of the manufacturers warranty yet. I was given a non-binding guide price by an Aston Martin main dealer of £700-£800 per year for a vantage warranty.

God I hope so, but I doubt it, this is what you have to pay for a decent Audi or a Boxster! I would expect it to be much more like £1200...but here's hoping!

[Murph7355]

I reckon 50-55k is likely to take ~10mths more for the earliest "wrong" spec cars. Maybe less if they ramp up production of the coupe again.

Servicing as mentioned above.

I believe warranty can be extended to 8yrs (though for some reason even longer rings bells).

[rev-erend]

Looks like the baby Aston V8 is the natural upgrade of choice for the T350 owner (me too .. one day )

What car has a depreciation calculator :

http://www.whatcar.com/depreciation-index.aspx?MA=...

[sadlerj]

According to that a 2 year old V8 RS4 for £26,000 where can I go to get that?

[vantager]

This topic has been covered before on this website and the replies seem to follow
a small number of well trodden paths, namely
1. I bought one and dont care about the depreciation and if you do, dont get one.
2. I bought one and dont like to be reminded about the depreciation.
3. I bought one and will not admit the depreciation.
4. I want one and I am counting on the depreciation!

Look at this - http://www.pistonheads.co.uk/sales/245948.htm as an example.
A 55 reg vantage with low miles, albeit a (IMHO) unattractive colour/interior. If you were serious, I'd guess it would be easy to get this for £58k-£59k so I dont think the depreciation guide on whatcar is unrealistic, and I dont think you'll have to accept high miles or unpopular colours.

The last time this was discussed, most owners admitted to expecting £1k depreciation per month - its easy to do the math.

Personally, I'm waiting for 18 months (March 2009) when I'll be looking for a Mar 2006 AM V8 that is 3 years old and just out of warranty (which I think will have a big impact), and I expect it will be around £50k private.

[Murph7355]

vantager said:

...Personally, I'm waiting for 18 months (March 2009) when I'll be looking for a Mar 2006 AM V8 that is 3 years old and just out of warranty (which I think will have a big impact), and I expect it will be around £50k private.

Doubt you'll be far off. I reckon a range of 47-52k at that age depending on spec.

On cars of this nature I'd also be less concerned about mileage. Far better a car that's done normal car miles (say 6-12k a year) with decent history and few problems than one that's barely done anything and the problems are all still to come.

[vantager]

I think your commnent about miles travelled is right. At 3 years old, I'll be looking at anything with less than 40,000 on the clock.

[Targarama]

Thanks chaps.

I'm looking forward to it already. Hate borrowing money for cars which is why I was asking about the 50k range. Also hate mega depreciation (but I'm not daft, I worked out what my TVR would be worth after 3 years and went into ownership knowing I'd lose that much - its actually probably worth more, so a bonus). I'll be looking for an AM V8 later next year...

... but I'll also be keeping an eye on DB9 prices

[Seasider]

sadlerj said:

According to that a 2 year old V8 RS4 for £26,000 where can I go to get that?

I'll have a tamora please

[rev-erend]

It's a weird thing but knowing the depreciation that some cars / owners experience totally removes the envy for me .. it changes to pity with a slight intake of breath.

[sadlerj]

Seasider said:

sadlerj said:

According to that a 2 year old V8 RS4 for £26,000 where can I go to get that?

I'll have a tamora please

Now a Tamora and a V8 Vantage would be a little excessive....but a RS4 and a V8 Vantage would be puuurrrrfect!