Lowest Depreciating Car in UK

[daro911]

Just over 6.1% depreciation on Boxsters after 3 years! making it the lowest depreciating car available today in the UK ... So says an article in todays Driving in the Sunday Times

Info was compiled by Parkers but I think they have have been very optimistic with there figures. 6.1% minimum per year would be more like it IMO.... but 6.1% over 3 years! I don't think so [8D]

Anyway nice to know that unlike some other cars if you have to buy new you can't currently by better[]

At the sh*t end of residuals you had Alfa 156 losing 49% and worst of all was the Citroen C5 58.7%

 

[cFirth]

I agree that 6.1% seems somewhat dubious. My suspicions were initially aroused by the quality of reporting with the picture of a Boxster 2.7 next to the title "Boxster S"

If Parkers were comparing list and retail prices in a market dominated by OPCs then you only have to look at the Approved Porsche adverts in the same paper to see negative depreciation. Of course in the real world most people pay way over the list price with the options they specify and then only receive the trade in price or close to it when they come to change.

I just accept that I am a punter and punters always loose out to the motor trade. It is only a question of how badly. I suppose it is a conciliation to be ripped off driving a good car than to be totally ***** driving a Citroen.

 

[Guest]

That's complete and utter b******s, having bought my 'S' for 37 just over three years ago, every OPC I try and deal with offers me 24 tops, that equates to about 11.5% per year!!! O.K that's low and assuming I could find a private buyer, I may get a couple of grand more but it is still rubbish. If you buy any car because you think it is going to be a slow depreciator, you are wasting your time, they all sink fast, you buy because you like the car end of story. Porsche is no different to any others on that score.

 

[Diver944]

I imagine that Parkers were using the list price of a new car before the usual £1000's of options were added and then used the retail price that it is resold at, as opposed to the trade in price that the owner actually got?

 

[Dapster]

I didn't read the article but would have to agree with Diver 944 above. Imagine a £31k 2.7 with the usual minimum spec would list around £35k. After 3 years, this would be resold on an OPC forecourt for say £29k which is 6.5% depreciation on the initial £31k, although it is 17% on the £35k. The original owner would probably be offered £22k trade in which means a loss of £13k or 37%.

 

[Grant]

Just goes to prove you can't always believe what you read, I agree it was a cr*p article.
I think the real figures are nearer 12-15% in the first year & 30% over three, still great though when you think that a lot of mainstream cars can loose over 40% of their value in a year !! Anyway anything that talks up Boxter prices has got to be good for you guys!

 

[daro911]

ORIGINAL: Grant

Just goes to prove you can't always believe what you read, I agree it was a cr*p article.
Anything that talks up Boxter prices has got to be good for you guys!

Grant maybe the writer James Foxall has a Boxster to shift

 

[Guest]

The main issue is the profit dealers make. When I was buying my Boxster I sneeked a look at the sales guys stock sheet which shows what they paid for the cars and what they have spent getting them up to sales condition. The one that springs to mind was a nice 993 c2 S they had with 22k miles. Had it up for 45k and they had paid 36K. i.e if you bought that car and wanted to sell it the next day you would have just lost 9k! I think they avarge was about 4-5k below the screen price. Those big showrooms have to come from somewhere!

 

[evoke]

A small percentage of a lot of money is still a lot of money. Percentages should only be used to compare cars costing the same from new. Otherwise they are meaningless.

I asked my dealer last year how much my car would be worth after three years. It was £40K new and he said it would be worth around £22K if it did 'average mileage' and was in 'good condition'. That's a financial loss of £6K per year. It will be worth (according ot the OPC) around 55% of its original value after three years. This is much lower than the figure quoted in 'What Car?' magazine (which is around 67%). Should I assume that the OPC was giving me the figure he would buy the car back at?

Taz

 

[Ian Gilmour]

Lowest depreciating car in the UK my ar*e!!!

My Boxster S cost me £41250 last March. An OPC (where I have managed to source a Boxster 550) has given me a "ball park" trade in figure of £31k meaning that I have lost 24% of the car's value in a year!!

 

[daro911]

ORIGINAL: Ian Gilmour

Lowest depreciating car in the UK my ar*e!!!

My Boxster S cost me £41250 last March. An OPC (where I have managed to source a Boxster 550) has given me a "ball park" trade in figure of £31k meaning that I have lost 24% of the car's value in a year!!

***********************************************************************
Are you still going to go for the 550 then and I would guess your OPC would try and flip your car for £35 - 36K which would be just over 12.5% loss but not for you []

 

[evoke]

Something you should take into account when measuring depreciation is that the VAT at 17.5% is lost the very second you drive a new car out of the showroom. Hence, the first year depreciation on a new car will be an absolute minimum of 17.5%. The 24% depreciation that Ian refers to sounds about right if you take into account the OPC's margin and 'real' depreciation as well.

Depreciation in years 2 and 3 should be single-digit percentages. Selling a car after one year from new causes the biggest finanical loss.

Taz

 

[Ian Gilmour]

Sadly, you're absolutely right. I realise that to sell after just one year's ownership is going to be expensive but I can't hang around another year if I want a new 550. I could cut my losses and wait until they start to come onto the second hand market but that's much more of a lottery and it seems defeatist to give up what I assume is one of the last 550's available.

All is not yet lost, though - another OPC this afternoon quoted me £33k to buy my car without involving any purchase from them.

 

[daro911]

ORIGINAL: Ian Gilmour

All is not yet lost, though - another OPC this afternoon quoted me £33k to buy my car without involving any purchase from them.

Getting nearer the mark now but I think your 550 OPC knows you WANT that car and he has just tried to nick your px off you in all the excitement []