Depreciation free motoring or not!

shankespony

Renault Fluence costs €15,880 if memory serves me right with scrappage last year and in 2010.

However cheapest carzone renault dealer 2010 €15,950
2011 €16,250

Is that recession proof motoring and what Renault had in mind all along while many other dealers were thinking resale/trade in prices would nosedive!!!

So the folks who bought them new suffered zero depreciation in your view?

shankespony

I think so roverjames, looks like that on paper anyway. I remember speaking to non Renault dealers in 2010 and they were saying that the depreciation would be like a stone but thats not borne out by sale prices on carzone. A D segment car like the Fluence would lose around €4k a year on average!

So the dealers gave the previous owners the same cash as what the cars are now advertised for? As in selling them on for a loss effectively as they have to prepare them for sale etc....

MuppetCheck

Sale prices are what the garages are looking for. Not what the original owner actually got for the cars. There will be a nice few thousand euros in the difference.

shankespony

So if you had a 10year old banger and you were getting a minimum trade in its still €15,880 for a brand new car in 2010. I know dealers add on €1k on average if u were to go in now and try to buy one i mentioned but even taking that off still leaves a 2010 at €14,950 so its lost a €1k in 2 years, for that size of car we're getting into bangernomics territory from a depreciation perspective..

mickdw

If one bought a fluence for about 16k with scrappage scheme in 2010 for example, its a cheap new car if anything over 10k can be got for it 2 years later.
What are they selling for on a private sale now?

but43r

mickdw wrote: »

If one bought a fluence for about 16k with scrappage scheme in 2010 for example, its a cheap new car if anything over 10k can be got for it 2 years later.
What are they selling for on a private sale now?

A quick search brings up 2 Fluence's.
14200 asking price and
14700 asking price.

Knowing that asking price NOT selling price I'd say there are at least couple of grand depreciation.
Still, not too bad for brand new car. Still, nowhere near the bangernomics territory though.

shankespony

shankespony wrote: »

.............. its still €15,880 for a brand new car in 2010.........

if u were to go in now and try to buy one i mentioned but even taking that off still leaves a 2010 at €14,950 so its lost a €1k in 2 years...........

So you think the garage gave the person who traded in the 2010 model €14,950 for it?

Bandara

A paper never refuses ink, as a wise old Joe Pesci lookalike car dealer once told me ......

166man

Depreciation free motoring would be buying a 10 year old barge with a fresh 2 year NCT for about €1500, driving it for the year and selling it with one year NCT for €1500 again.

Gumbo

166man wrote: »

Depreciation free motoring would be buying a 10 year old barge with a fresh 2 year NCT for about €1500, driving it for the year and selling it with one year NCT for €1500 again.

Or buying an 05 E90 320d for 10,700 and not taxing it and selling it 6 months later for 13,600

then buying an 01 S3 for 5,800 and selling it 6 months later for 6,850

i done well , even if i do say so myself

Pdfile

shankespony wrote: »

Renault Fluence costs €15,880 if memory serves me right with scrappage last year and in 2010.

However cheapest carzone renault dealer 2010 €15,950
2011 €16,250

Is that recession proof motoring and what Renault had in mind all along while many other dealers were thinking resale/trade in prices would nosedive!!!

dont forget most folks buying them new mostly like got 2-500 euro off retail due to playing one dealer off the next :cool:

shankespony

Someone correct me if i am wrong but the price after scrappage was the €15,880 so thats what the customer gave the dealer. I think there was no negotiation it was the price Renault were advertising for the new car so very little if any leeway on price. The prices i gave were the cheapest from Renault dealers only so in my opinion they have held their prices remarkably well and this may mean that Renaults strategy worked well in terms of market share. Surprisingly good deal for the buyers if value has held up and they were well spec;d with diesel engines.

but43r

shankespony wrote: »

Someone correct me if i am wrong but the price after scrappage was the €15,880 so thats what the customer gave the dealer. I think there was no negotiation it was the price Renault were advertising for the new car so very little if any leeway on price. The prices i gave were the cheapest from Renault dealers only so in my opinion they have held their prices remarkably well and this may mean that Renaults strategy worked well in terms of market share. Surprisingly good deal for the buyers if value has held up and they were well spec;d with diesel engines.

You just don't want to listen, do you?

The advertised for car now (not when it was new) will most likely NOT be the sale price. In reality dealer will probably pay 13k-14k for the Fluence as trade in.

Then you have to consider the value of the scraped car (which in most cases was at least 1k). Straight away this means nearly 3k euro depreciation in 2 years in best case scenario and 4k+ in worst case scenario.

3k-4k euro depreciation in 2 years is pretty good - not remarkable though and as I said earlier, no where close to bangernomics territory...

Gumbo

but43r wrote: »

You just don't want to listen, do you?

The advertised for car now (not when it was new) will most likely NOT be the sale price. In reality dealer will probably pay 13k-14k for the Fluence as trade in.

Then you have to consider the value of the scraped car (which in most cases was at least 1k). Straight away this means nearly 3k euro depreciation in 2 years in best case scenario and 4k+ in worst case scenario.

3k-4k euro depreciation in 2 years is pretty good - not remarkable though and as I said earlier, no where close to bangernomics territory...

I seen a 12k trade in for sale the other day at 16,950

mickdw

Whatever way you cut it though, 4k depreciation is pretty good over 2 years on a new purchase. IMO its very good for a Renault.

shankespony

Thanks Mickdw, that was the point of my post , and surprisingly good for a Renault imo

RoverJames

RoverJames wrote: »

So the folks who bought them new suffered zero depreciation in your view?

shankespony wrote: »

I think so roverjames, looks like that on paper anyway. I remember speaking to non Renault dealers in 2010 and they were saying that the depreciation would be like a stone but thats not borne out by sale prices on carzone. A D segment car like the Fluence would lose around €4k a year on average!

mickdw wrote: »

Whatever way you cut it though, 4k depreciation is pretty good over 2 years on a new purchase. IMO its very good for a Renault.

shankespony wrote: »

Thanks Mickdw, that was the point of my post , and surprisingly good for a Renault imo

No, the point you claimed to be making was that the depreciation was zero, you reckon people paid €15,880 for a Fluence back in 2010 and now the cheapest 2010 Fluence at a dealers is €15,950, you reckon the people got his cash for the car from the dealer and suffered zero depreciation.

If you now are claiming that's not what you said and €4000 is excellent than that's not zero depreciation.

shankespony

RoverJames you are correct, I looked at it as almost zero depreciation but didn't factor in what the dealer would give as a trade in which would be alot less than €15,880, but the figures are impressive over 2 years and its alot of car for the money If it does what it says on the box and isn't like previous Renaults then its aN option i'd never really considered.

A new Fluence is the guts of €19,000 after the trade in booster, I reckon anyone trading in a 2010 Fluence for one would have to stump up €6000/€7000 at least, not overwhelmingly fantastic really and quite a bit away from depreciation free

mickdw

RoverJames wrote: »

A new Fluence is the guts of €19,000 after the trade in booster, I reckon anyone trading in a 2010 Fluence for one would have to stump up €6000/€7000 at least, not overwhelmingly fantastic really and quite a bit away from depreciation free

I think its getting away from the point to be talking about cost to change to a new one. That's going to cost a lot given the lack of discount now. The point, as I see it is that it was possible to buy one for 15800 and now 2 years later selling it again for cash and walking away, you would get more of your cash back than could have been expected. They are not a good buy now though.

-Corkie-

mickdw wrote: »

They are not a good buy now though.

I dont think they ever were a good buy in fairness but its not bad depreciation in fairness especially when you consider the Lexus I was talking about that has lost about 110K in 5 years..