Car values still going down - Page 3

Mangizmo · 2nd March 2016, 12:02

reason so many cheap is because they need to be to make them a viable purchase, short MOT, clutch on way out, handbrakes shot, blocked plenums, leaking boots, dents and scrapes, starter motors need refurbing, suspension arms , coil springs, central locking issues, starship mileages, 1 key, etc etc....all repairable but it takes time and money
IF you have a decent well maintained example that doesnt require weeks and weeks of work, with 2 keys, no dents and all the above sorted, you can expect a price of around 2000-3000 quid, I would willingly pay that for a diesel saloon or tourer under 100K, you also have to accept that the slightest prang and your car will be written off by the insurance company so you wont get much joy there, so 3000 is the absoloute max anybody in their right mind should ever pay regardless of condition year or milege, they are great cars, but not everyone looks after them like we do, so most need to be cheap

zedhed · 2nd March 2016, 12:10

Quote:

Originally Posted by aguy

It's a strange market.

Reading historic posts on here reveals people wanting to buy a good one but can't find one. People wanting to sell but no takers.

I happily paid £1600 for mine 12 months ago simply because it was a nice one owner example with full history. I have put as much again into it with all the things I've done (below) but feel I have a lovely car which may be a banger in the eyes of the uninitiated as they drive around in their £300 a month Ford Focus's.

Maybe we should just accept we own one of the best kept secrets and enjoy.

Oh it's probably lovely having these new motors till you start paying for em.got no debt for ours

rovermadhead · 2nd March 2016, 12:13

as with all things, they lose value, then they go upwards, sadly i believe this is not yet any where near, not until the last ones are atleast 15 yrs old, trhat means the late registration models have a fair way to go yet

Dallas · 2nd March 2016, 12:15

Quote:

Originally Posted by rich17865

http://dealer.peugeot.co.uk/gateway-...ugeot-108-jaf/

4.9% APR.

The Peugeot 108 deals I have seen are around £150 a month for 36 months, and you have to make a final payment which is something like 5k.

Mike Noc · 2nd March 2016, 12:44

Quote:

Originally Posted by rich17865

It would be nice to think my car is worth a lot of money, but it isn't.

Despite its condition, low mileage and unusual spec, it must be worth around £500-£600

Doesn't mean I won't be polishing it as usual

Look on the bright side Rich - yearly depreciation will be extremely low.

My car is probably now depreciating in pence not pounds each year.

rich17865 · 2nd March 2016, 12:58

Quote:

Originally Posted by Mike Noc

Look on the bright side Rich - yearly depreciation will be extremely low.

My car is probably now depreciating in pence not pounds each year.

I quite agree

ratchet · 2nd March 2016, 13:45

Quote:

Originally Posted by zedhed

Oh it's probably lovely having these new motors till you start paying for em.got no debt for ours

Aye, as my 26 year old nephew has just found out.

He's been swanning about in a brand new jag on a lease. He also moved into a £200K+ house a month ago.

He's been earning £50k a year, and spending every penny of it living the high life. He's now in for a severe reality check as he's just been laid off, and there's little prospect of him getting a job where he'll earn anything like his outgoings.

KRISTLEE · 2nd March 2016, 14:21

Not meaning to upset or argue with folks but why is it that a lot of folk seem to be infatuated with the prices of 75s & ZTs?

Let's be honest, we don't buy these cars as an investment, we keep them as we are enthusiastic about them.

I'll be honest and say I only bought my ZTT as it was cheap and I only intended it to be a cheap run around for when I'm in the UK, however, I have became an enthusiast and am now infatuated with it and have spent at least double what I paid for it getting it up to scratch and I will continue spending whatever is needed to get it running properly and looking good.

I make no mistake though and have no illusions that it's still only worth what I paid for it. To me though it's priceless but to the none initiated it's just an MG Rover and unfortunately that's what it will always be, it would be nice if they did become classics at really desirable prices but in all honesty I don't think they will (V8s maybe the exception) as they weren't that popular when new.

Take for example the Ford Escort RS or Ford Sierra Cosworth, the only reason they command such a high price these days is because they were popular when new.

Avulon · 2nd March 2016, 14:25

Well, another thread that evaluates worth by sale price, instead of replacement cost.

I could sell my car for maybe £700-1200 depending on the day/buyer etc...

Now to replace it with a non-75/ZT replacement of equal utility? I.e. size, performance etc... probably 2 to 3 times that. So what is my car actually worth? Considering that I actually need a car.

I'd like to know what £120 down and £120 a month actually buys: Please don't tell me a 1.0 Vauxhall Corsa!

. One thing I'm pretty sure of is that whatever the £120 a month buys it won't seat 5 adults,or 4 adults in comfort with a bootfull of suitcases and take us to the south of France on not much more than a tankful in fuel where the driver can then get out without having siezed up or got cramp.

75s are a bargain, why is that you ask? Because they are worth far more than they can be obtained for, that is why. I'd rather buy a 75 with 100k on the clock for £1k and then spend £3k on it (making a total of £4k) than spend £8-10K on a modern 'compact' that does a (claimed) 100mpg. But then I like my comfort - do 15k miles a year and .... well , because I'm worth it!

But then my two best subjects were always Math and hedonism

James.uk · 2nd March 2016, 14:39

>>>The classic lads think that the only ones worth saving will be V6 tourers with auto gearbox<<<

I think they are way out! The diesel auto's will always be the most desirable models.

As for monetary values, *points to his face* not bovvered innit..

Personally, I buy what I like as a personal means of transport, were I to be looking to make money on something, I wouldn't be buying old cars innit...

..

...

2nd March 2016, 12:02	#21
Mangizmo Gets stuck in Rover 75 Tourer Join Date: Aug 2013 Location: Barnstaple Posts: 764 Thanks: 154 Thanked 235 Times in 127 Posts	Good well looked fter examples are still worth money reason so many cheap is because they need to be to make them a viable purchase, short MOT, clutch on way out, handbrakes shot, blocked plenums, leaking boots, dents and scrapes, starter motors need refurbing, suspension arms , coil springs, central locking issues, starship mileages, 1 key, etc etc....all repairable but it takes time and money IF you have a decent well maintained example that doesnt require weeks and weeks of work, with 2 keys, no dents and all the above sorted, you can expect a price of around 2000-3000 quid, I would willingly pay that for a diesel saloon or tourer under 100K, you also have to accept that the slightest prang and your car will be written off by the insurance company so you wont get much joy there, so 3000 is the absoloute max anybody in their right mind should ever pay regardless of condition year or milege, they are great cars, but not everyone looks after them like we do, so most need to be cheap Last edited by Mangizmo; 2nd March 2016 at 12:06..

2nd March 2016, 14:21	#28
KRISTLEE I really should get out more....... None at the moment. Join Date: Mar 2014 Location: Hartlepool Posts: 2,067 Thanks: 939 Thanked 384 Times in 294 Posts	Not meaning to upset or argue with folks but why is it that a lot of folk seem to be infatuated with the prices of 75s & ZTs? Let's be honest, we don't buy these cars as an investment, we keep them as we are enthusiastic about them. I'll be honest and say I only bought my ZTT as it was cheap and I only intended it to be a cheap run around for when I'm in the UK, however, I have became an enthusiast and am now infatuated with it and have spent at least double what I paid for it getting it up to scratch and I will continue spending whatever is needed to get it running properly and looking good. I make no mistake though and have no illusions that it's still only worth what I paid for it. To me though it's priceless but to the none initiated it's just an MG Rover and unfortunately that's what it will always be, it would be nice if they did become classics at really desirable prices but in all honesty I don't think they will (V8s maybe the exception) as they weren't that popular when new. Take for example the Ford Escort RS or Ford Sierra Cosworth, the only reason they command such a high price these days is because they were popular when new. __________________ Best Regards, Lee. DONE: HAD A CRAZY IDEA THAT I HAD TO GET RID OF MY MG ZTT DUE TO NOT HAVING A DRIVE AND HAVING TO PARK ON A BUSY STREET WITH A VIEW TO GETTING ANOTHER ONE AT A LATER DATE WHEN I HAVE A DRIVE. ENDED UP REALISING IT REALLY ISN'T PRACTICAL NOT HAVING A CAR TO GET AROUND AND I NOW OWN A VW EOS 3.2 V6 INDIVIDUAL (1 OF 20 REMAINING IN THE UK WITH THAT ENGINE AND TRIM COMBO) EVEN THOUGH I STILL LIVE ON A BUSY ROAD WITHOUT A DRIVE

2nd March 2016, 14:25	#29
Avulon This is my second home 1.8t Tourer Join Date: Oct 2011 Location: Tanelorn Posts: 4,830 Thanks: 956 Thanked 1,148 Times in 916 Posts	Well, another thread that evaluates worth by sale price, instead of replacement cost. I could sell my car for maybe £700-1200 depending on the day/buyer etc... Now to replace it with a non-75/ZT replacement of equal utility? I.e. size, performance etc... probably 2 to 3 times that. So what is my car actually worth? Considering that I actually need a car. I'd like to know what £120 down and £120 a month actually buys: Please don't tell me a 1.0 Vauxhall Corsa! . One thing I'm pretty sure of is that whatever the £120 a month buys it won't seat 5 adults,or 4 adults in comfort with a bootfull of suitcases and take us to the south of France on not much more than a tankful in fuel where the driver can then get out without having siezed up or got cramp. 75s are a bargain, why is that you ask? Because they are worth far more than they can be obtained for, that is why. I'd rather buy a 75 with 100k on the clock for £1k and then spend £3k on it (making a total of £4k) than spend £8-10K on a modern 'compact' that does a (claimed) 100mpg. But then I like my comfort - do 15k miles a year and .... well , because I'm worth it! But then my two best subjects were always Math and hedonism __________________ Need a T4 ?: T4 Owners Map thanks to Stevestrat ( use at your own risk) Where?: https://en.wikipedia.org/wiki/Tanelorn Mods/Retrofits: PCV vortex 'filter'; bluetooth; inline thermostat; reversing sensors; plenum spyhole ; headlamp washers ; Diy mp3 player replacing CD multichanger; FBH with remote; Headlamp washers; black/chrome front grille, rear blind; Xenon projectors To do: puddle lights; 2 Din cd/nav to fit; boot release button

2nd March 2016, 12:13	#23
rovermadhead Regular poster Rover 75 Join Date: Feb 2016 Location: Preston Posts: 93 Thanks: 11 Thanked 15 Times in 10 Posts	as with all things, they lose value, then they go upwards, sadly i believe this is not yet any where near, not until the last ones are atleast 15 yrs old, trhat means the late registration models have a fair way to go yet

2nd March 2016, 14:39	#30
James.uk Passed Away 2002 Pale Blue. Rover 75 CDTi Connoisseur auto. 170K miles Join Date: Dec 2008 Location: Near the M67. Posts: 14,509 Thanks: 199 Thanked 585 Times in 397 Posts	>>>The classic lads think that the only ones worth saving will be V6 tourers with auto gearbox<<< I think they are way out! The diesel auto's will always be the most desirable models. As for monetary values, points to his face not bovvered innit.. Personally, I buy what I like as a personal means of transport, were I to be looking to make money on something, I wouldn't be buying old cars innit... .. ...