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Thread: Car depreciation over 4 years

  1. #1
    Senior Member Lighttouch's Avatar
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    Car depreciation over 4 years

    Have you ever thought about how a car's value depreciates once you drive a brand new car of the garage forecourt . . here's an example.


    Renault Scenic MPV 1.6 dCi 130 Dyn. TomTom S/S 5dr New

    £22,495
    Year 1

    £10,998
    Year 2

    £9,018
    Year 3

    £7,410
    Year 4

    £6,330
    So never buy a brand new car at the asking price. Far better to buy a three year old car where it's lost two thirds of its original value.

  2. #2
    Quote Originally Posted by Lighttouch View Post
    Have you ever thought about how a car's value depreciates once you drive a brand new car of the garage forecourt . . here's an example.


    Renault Scenic MPV 1.6 dCi 130 Dyn. TomTom S/S 5dr New

    £22,495
    Year 1

    £10,998
    Year 2

    £9,018
    Year 3

    £7,410
    Year 4

    £6,330
    So never buy a brand new car at the asking price. Far better to buy a three year old car where it's lost two thirds of its original value.
    Agreed, but this car can be procured brand new for just ?15300 which is making depreciation more palatable. If purchased at 3 years only 1 year warranty remains.

  3. #3
    Rexton better deal,
    Ssangyong Rexton W 4x4 2.0 SX 5dr £21,995 £10,525 £8,651 £7,124 £6,075

  4. #4
    Senior Member Lighttouch's Avatar
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    I've got a Renault Scenic that's over 8 years old but looks in good shape. It's probably worth £1000.

    If depreciation runs at 20% a year I'll lose £200 which is a lot less than £11,000 in its first year!

    You never know it might start going bak up in price as a vintage model!

  5. #5
    Senior Member
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    Quote Originally Posted by Lighttouch View Post
    Have you ever thought about how a car's value depreciates once you drive a brand new car of the garage forecourt . . here's an example.


    Renault Scenic MPV 1.6 dCi 130 Dyn. TomTom S/S 5dr New

    £22,495
    Year 1

    £10,998
    Year 2

    £9,018
    Year 3

    £7,410
    Year 4

    £6,330
    So never buy a brand new car at the asking price. Far better to buy a three year old car where it's lost two thirds of its original value.
    Hi

    My vw has just lost nearly 20k of its value in my 15 months of ownership thats why Im glad I went down the pcp route for it!!! Obviously better off buying a 2 or 3 year old car or the finance route in its various forms these days.

  6. #6
    Quote Originally Posted by Lighttouch View Post
    I've got a Renault Scenic that's over 8 years old but looks in good shape. It's probably worth £1000.

    If depreciation runs at 20% a year I'll lose £200 which is a lot less than £11,000 in its first year!

    You never know it might start going bak up in price as a vintage model!
    This made me laugh

  7. #7
    Quote Originally Posted by Velvet View Post
    This made me laugh
    Some old Renault 4 cars very top prices.

  8. #8
    "I've got a Renault Scenic that's over 8 years old but looks in good shape. It's probably worth £1000.

    If depreciation runs at 20% a year I'll lose £200 which is a lot less than £11,000 in its first year!

    You never know it might start going bak up in price as a vintage model! "

    Tis win win for you LT

  9. #9
    Quote Originally Posted by Number7 View Post
    "I've got a Renault Scenic that's over 8 years old but looks in good shape. It's probably worth £1000.

    If depreciation runs at 20% a year I'll lose £200 which is a lot less than £11,000 in its first year!

    You never know it might start going bak up in price as a vintage model! "

    Tis win win for you LT
    Yah, is possible it may obtain cult status of Renault 4. A quirky, but fine car.

  10. #10
    Senior Member Lighttouch's Avatar
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    Well, I bought my Renault Scenic off Motability, after an extended lease for £4000 - that's 7 years ago.

    I'm expecting to sell it ths week for £1000. So it would have cost me £428 a year over 7 years to pay for it plus one service, MOT and insurance each year about another £500 a year.

    So it's been a thrifty 7little motor costing about £1000 a year to buy, service, MOT and insurance plus petrol - not a bad little runner.

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