Car values

RPWC · 30th April 2019, 16:37

I had my Insignia in to the dealets today for new brake pads, while it was there, the sales team rang and asked if I would like a valuation on the car. Told them I wasnt interested in trading up, but do the valuation anyway. When I collected the car tonight , I spoke to the sales rep, we have only had the car 18 months and done 11000 miles, valuation was £5k less than purchase price

. I expected to lose maybe 3k, but not 5.Will be keeping the csr anyway as we really like it. Plus the fact still got 3 &1/2 years finance to pay on it.

P-Nut · 30th April 2019, 18:10

Was that new when you bought it?

RPWC · 30th April 2019, 18:14

Quote:

Originally Posted by P-Nut

Was that new when you bought it?

3 years old Jack

Comfortably Numb · 30th April 2019, 21:48

The difference between the £5K depreciation, and your expected £3K, is the profit they would hope to make on your car, if you had been mug enough to accept their "valuation" and traded in your car. Any nearly new car will depreciate quickly, but you need to hang onto it as long as it's not high maintenance to get the value out of it. I suspect from reports from several Insignia owners I know, that these cars are unappreciated by the general car- buying public, but are a little-known gem in terms of owner satisfaction for reliable and comfortable motoring. As I tend not to pay more than £1k for a car, I suspect it will be a few years yet before I can afford a well maintained, old one! PS for those who know me, my wife paid for her SLK.

MSS · 1st May 2019, 06:12

Quote:

Originally Posted by Comfortably Numb

The difference between the £5K depreciation, and your expected £3K, is the profit they would hope to make on your car, if you had been mug enough to accept their "valuation" and traded in your car. Any nearly new car will depreciate quickly, but you need to hang onto it as long as it's not high maintenance to get the value out of it. I suspect from reports from several Insignia owners I know, that these cars are unappreciated by the general car- buying public, but are a little-known gem in terms of owner satisfaction for reliable and comfortable motoring. As I tend not to pay more than £1k for a car, I suspect it will be a few years yet before I can afford a well maintained, old one! PS for those who know me, my wife paid for her SLK.

£1k? you really are a mean, tight person.

An SLK driving woman deserves better!

spongeh · 1st May 2019, 06:56

Quote:

Originally Posted by mss

£1k? you really are a mean, tight person.

An SLK driving woman deserves better!

LOL so am I, my last 5 cars over 3 years of motoring:

£500
£125
£675
£899
£237

Even with parts I don't think it cost me £5k

My wife on the other hand:

Mini Convertible
MG TF
Suzuki Jimny

victorgte · 1st May 2019, 09:16

There is an element of snobbery and status with cars. Dealers trade on this. Buy a car and it’s the best car they have on the forecourt. 3 years later the value has plummeted. Sorry it’s the less desirable spec, it only has 3 doors, it will be harder for us to sell on. The list is endless but the list did not exist when you bought it. Funny that.
Let the mugs pay depreciation. Did it once myself with a new car but never again.
Talking of hidden gems. Mazda 6.

MSS · 1st May 2019, 13:18

Quote:

Originally Posted by victorgte

There is an element of snobbery and status with cars. ...........

There is. Mine is related to how long I can keep a car in good, roadworthy condition and running like new whilst being very old!

Personally, I am happy to be a snob and elitist for this reason.

Comfortably Numb · 2nd May 2019, 22:32

Quote:

Originally Posted by mss

£1k? you really are a mean, tight person.

An SLK driving woman deserves better!

No, that is all I can afford to spend on ME, she spends a lot more on her. I don't know where you get all your money, MSS, but I have to live on what I earn. And if I have different priorities for my meagre income, it doesn't give you the right to call me mean or tight. Do you really think I would choose to spend my spare time keeping old cars going on a shoestring, if I could afford something more reliable? Get real, and see how the other half lives!

FLYING BANANA · 3rd May 2019, 05:34

Keep it civil gentlemen. Stay on the subject please.

30th April 2019, 16:37	#1
RPWC This is my second home 75 model car Join Date: Apr 2011 Location: Newcastle upon Tyne Posts: 20,177 Thanks: 4,008 Thanked 5,083 Times in 3,114 Posts	Car values I had my Insignia in to the dealets today for new brake pads, while it was there, the sales team rang and asked if I would like a valuation on the car. Told them I wasnt interested in trading up, but do the valuation anyway. When I collected the car tonight , I spoke to the sales rep, we have only had the car 18 months and done 11000 miles, valuation was £5k less than purchase price. I expected to lose maybe 3k, but not 5.Will be keeping the csr anyway as we really like it. Plus the fact still got 3 &1/2 years finance to pay on it. __________________ Cheers. Rich…

30th April 2019, 18:10	#2
P-Nut Gets stuck in MG ZT 190+ Join Date: Nov 2012 Location: North Shields Posts: 561 Thanks: 143 Thanked 170 Times in 103 Posts	Was that new when you bought it? __________________ Approved food eater

1st May 2019, 09:16	#7
victorgte I really should get out more....... MGTF, MGZT, Range Rover Join Date: Sep 2013 Location: Cheltenham Posts: 2,802 Thanks: 395 Thanked 633 Times in 446 Posts	There is an element of snobbery and status with cars. Dealers trade on this. Buy a car and it’s the best car they have on the forecourt. 3 years later the value has plummeted. Sorry it’s the less desirable spec, it only has 3 doors, it will be harder for us to sell on. The list is endless but the list did not exist when you bought it. Funny that. Let the mugs pay depreciation. Did it once myself with a new car but never again. Talking of hidden gems. Mazda 6. __________________ MG TF 135, MG ZT, Range Rover P38

3rd May 2019, 05:34	#10
FLYING BANANA Moderator/Club Shop MG ZT 1.8t+. No.3 of 4 in Sunspot Yellow & Ford Fiesta in Black. Join Date: Aug 2010 Location: Rattler Farm Posts: 22,555 Thanks: 9,270 Thanked 15,645 Times in 6,806 Posts	Keep it civil gentlemen. Stay on the subject please. __________________ 233,320. New rear tyres on order for BBB. onen hag oll

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30th April 2019, 21:48	#4
Comfortably Numb Posted a thing or two Rover 75 Saloon Join Date: Dec 2017 Location: Penrith Posts: 1,336 Thanks: 165 Thanked 303 Times in 241 Posts	The difference between the £5K depreciation, and your expected £3K, is the profit they would hope to make on your car, if you had been mug enough to accept their "valuation" and traded in your car. Any nearly new car will depreciate quickly, but you need to hang onto it as long as it's not high maintenance to get the value out of it. I suspect from reports from several Insignia owners I know, that these cars are unappreciated by the general car- buying public, but are a little-known gem in terms of owner satisfaction for reliable and comfortable motoring. As I tend not to pay more than £1k for a car, I suspect it will be a few years yet before I can afford a well maintained, old one! PS for those who know me, my wife paid for her SLK.