Price and depreciation ratio

mashed13

Hey,

So I'll try my best deal to explain what the question is!

I'm in the market for a car and looking at the options as what to buy to get most value for money.

What car considering all above (model, make, year, millage, fuel type, tax, insurance, repairs, service etc) would you buy, when would you sell it? To get the least depreciation, and as I said best value for your buck!

This is my example of what I came up to:

- 2006 Suzuki swift, 60.000km, bought at the end of 2014, 8 years old for 3500e.
- So now I own a car for 28months, it has 90.000km, full nct 11yrs old could easy get 2000e now, I spent around 1300e on service, repairs tires including. (wont be adding any insurance, tax or petrol this time)

Final results are that car depreciation and upkeep have costed me 2800e in 28months or 100e per month. Of course I may be able to sell it for a better price or so ( my plan is to keep it anyways, good lil car)

So guys you are very welcome to throw out your suggestions and estimates.

Hope you all got what I mean there

Thanks

The Rape of Lucretia

Any new Ferrari. Sell after approx 50 years. More likely to appreciate than depreciate which seems to be what you are after.

oppenheimer1

mashed13 wrote: »

Hey,

So I'll try my best deal to explain what the question is!

I'm in the market for a car and looking at the options as what to buy to get most value for money.

What car considering all above (model, make, year, millage, fuel type, tax, insurance, repairs, service etc) would you buy, when would you sell it? To get the least depreciation, and as I said best value for your buck!

This is my example of what I came up to:

- 2006 Suzuki swift, 60.000km, bought at the end of 2014, 8 years old for 3500e.
- So now I own a car for 28months, it has 90.000km, full nct 11yrs old could easy get 2000e now, I spent around 1300e on service, repairs tires including. (wont be adding any insurance, tax or petrol this time)

Final results are that car depreciation and upkeep have costed me 2800e in 28months or 100e per month. Of course I may be able to sell it for a better price or so ( my plan is to keep it anyways, good lil car)

So guys you are very welcome to throw out your suggestions and estimates.

Hope you all got what I mean there

Thanks

As a general rule of thumb cars depreciate by 50% every three years. Something like a five year old Yaris would probably be the best value out there. It shouldn't need much maintenance beyond servicing and has depreciated already by 2/3 over its new price.

colm_mcm

The less you spend, the less you lose. I wouldn't get too hung up on depreciation as a percentage unless it's a new car.

mashed13

The new will depreciate faster but you may save on repairs, service, petrol and insurance. Old car would be other way around, so the task I have isto find that golden middle

ironclaw

Anything sold in relatively small numbers or never sold here in Ireland that an enthusiast would be interested in. You'll likely sell for what you buy for, so you only costs would be those associated with ownership. Large block RS and M models fit the bill here.

mashed13

ironclaw wrote: »

Anything sold in relatively small numbers or never sold here in Ireland that an enthusiast would be interested in. You'll likely sell for what you buy for, so you only costs would be those associated with ownership. Large block RS and M models fit the bill here.

Good suggestion I see what you mean getting something rare, depreciation wouldnt be the problem, but the price of repairs, insurance and tax I reckon would supras anything you save on depresiation anyway

theoneeyedman

As an aside, was talking to a colleague last week. Has a 1 yr old Skoda superb, enquired from dealer about trading in (relatively high mileage @ around 40k) and was quoted 10,000!!
Made my eyes water that.

ironclaw

mashed13 wrote: »

Good suggestion I see what you mean getting something rare, depreciation wouldnt be the problem, but the price of repairs, insurance and tax I reckon would supras anything you save on depresiation anyway

Interestingly, there are cars you can pick up here that have bottomed out due to our tax scheme but have strong interest in the UK market. For example, the 130i is very rare on the ground here, and you'll pick one up one the second hand market for 6/8kEUR. The same car in the UK is currently trading at 10kGBP for a good example, if you can even find one and there are active threads on the boards there looking for them.

If you wanted to be scientific about it, I'd look for 'normal' cars that came into the UK in less than quantities of 500 (or even less) See can you find one here and flip it into the UK market. You'll probably make money, even if you ran it here for a year.

ShadowHearth

ironclaw wrote: »

Anything sold in relatively small numbers or never sold here in Ireland that an enthusiast would be interested in. You'll likely sell for what you buy for, so you only costs would be those associated with ownership. Large block RS and M models fit the bill here.

This.

Bought my subaru wrx for 6k eu, drove it for 3.5 years and sold it for 5.5k without sporty exhaust that I got with car.
Rarer enthusiast cars like this are best bets, specially jap stuff right now. It looks like it is going up in price. Though it only applies to depreciation and not running costs.

James Bond Junior

ShadowHearth wrote: »

This.

Bought my subaru wrx for 6k eu, drove it for 3.5 years and sold it for 5.5k without sporty exhaust that I got with car.
Rarer enthusiast cars like this are best bets, specially jap stuff right now. It looks like it is going up in price. Though it only applies to depreciation and not running costs.

There's a evo ix after being posted in the dreamers thread at €25k. An equivelent in the uk is about £25k so after vrr rebate etc it's actually good value!

mashed13

ShadowHearth wrote: »

This.

Bought my subaru wrx for 6k eu, drove it for 3.5 years and sold it for 5.5k without sporty exhaust that I got with car.
Rarer enthusiast cars like this are best bets, specially jap stuff right now. It looks like it is going up in price. Though it only applies to depreciation and not running costs.

Something from rs, m, or any sports (rare class) cars the bill with rack up over time so I believe the depreciation won't even mater anymore Although I liked the idea about jap stuff, thinking about friends Honda Jazz kept its value for 2-3years, and running costs in general were low

mashed13

I think I need to rephrase my question, depreciation rate is not my only concern as there are also (mentioned above) many other factors that will influence price of running the car

ironclaw

mashed13 wrote: »

I think I need to rephrase my question, depreciation rate is not my only concern as there are also (mentioned above) many other factors that will influence price of running the car

I think you are looking for a car that will be cheap to buy, cheap to run and you'll sell for near enough the same money as you bought it for? In that case, you'd be looking at a Toyota Yaris. They hold their value very well and if you care for them, most of which you can DIY, you'll spend peanuts on maintenance. Its also very fuel efficient around town (The 1.0L will easily beat 500k per tank) but not on the motorway. Tax per year is quite low and the insurance will depend on yourself.

If you want to beat the market even more, look for the rare 1.4L Diesel (~2008 model) Those are very rare on the road in Ireland (I know of 3) and decent spec will probably loose no value at all. Economically they are fantastic, over 50MPG on a motorway run and if you treat them right, will give no bother at all. Plenty of poke to go as well versus the 1.0L Petrol. If I had to choose a small car, it would be the one hands down.

cjt156

Life is short. Buy something you will enjoy. Depreciation be f*cked.

mashed13

Everybody is on about yaris, but do I really want to drive that thing? I may get one for my missus, she'll enjoy it ^^

Just something to think about, my friends Honda Civic 99, 1.6 diesel, has a whooping 350k on the clock, he does good 100km of commute daily, no major expenses in the last 100k and it's actually quite comfortable to drive.

pa990

Just go into DD, pick up a banger with some NCT left on it, for €200 and get 12 months out of it.
Then sell it on again for small money.

All you have to do is ignore any problems while the NCT is in date.

Drive it into the Ground...

That'll be the cheapest way to go.

ofcork

theoneeyedman wrote: »

As an aside, was talking to a colleague last week. Has a 1 yr old Skoda superb, enquired from dealer about trading in (relatively high mileage @ around 40k) and was quoted 10,000!!
Made my eyes water that.

That cant be right surely even with the high mileage.