How much have you lost or gained on selling a car?

Jay · 12th November 2018, 17:27

Any answers greatfuly received

Best
I had a Morris Minor 1956 that I bought for £400 in 1998 and sold it for £1100 after 3 years ownership. It had to go because I couldn't afford all the work needed to be done to be brought up to its original showroom state.

Worst
I bought a Honda Civic 1.5 for £4200 second hand in 2001 and had it on finance. I had to take it back after a discrepancy with myself and my manager at the time as to staying to long with a dying client in social work and I told them to get stuffed in a more direct way and lost my job. Hence the garage wanted £1000 to take it back after only less than 1 month of ownership.

Dawn · 12th November 2018, 17:46

I've never made a profit. ALWAYS lose hundreds, sometimes a lot more.

rrobson · 12th November 2018, 17:47

Interesting question! I worked this out recently and over the 10 or so years I've been driving, and between the 20 or so cars I've owned I've spent £65000 and got back about £42000.

The best was a 75 actually, bought for £600 and part ex'd for £900.

Worst by far was a Passat cc. Bought for £18000 and part ex'd for £11000 18 month later. It was a ice motor though.

Sent from my iPhone using Tapatalk

gnu · 12th November 2018, 18:21

I've always 'lost' as I keep them for a long time. Using the last 2 car as an examples, depreciation costs were:

ZS: £2,500 in 9 years = £278p.a.
R214: £2,780 in 13 years = £214 p.a.

Can't complain at that - Rover gets you a lot of car for your money!

Jay · 12th November 2018, 19:14

Thanks so far for the replies.
It seems everyone has lost out one way or another like myself but rronson had a result

However I did have a Yugo45a as my first car at 24yrs old

I bought a secong Yugo from the same guy who was a dealer from home for £600. It was a Yugo Sana and smelt and drove like a new car. It had the Fiat Tipo 1.4 engine in it but the clutch was stiff. I simply took the clutch cable of my old Yugo (which was being claimed back on the insurance after someone car in the car park burst into flames and burnt the back of my paintwork and tyre) fited it to the San a walla. No problems. Because of the body weight on these cheap cars it used to burn of Ford Orions from the traffic lights

Google image that doesn't do the car any favours imho

My mate had seen this and needed a car with loads of boot space for his drum kit.
Sold for £1100

EDIT I never really liked him or he could have had it for what I paid.

SCP440 · 13th November 2018, 00:20

My Worse loss was on an Omega Estate, I paid 15k for it when it was just over a year old and sold it 2 years later and got £4500 for it. In that time it had a cam belt at about £500 and some sensors because it was running badly.

The guy I sold it to rung me after a couple of weeks and asked if I had the radio codes as the Alternator had failed and he could not find them, it had cost him £500 for a new one.

Since then I have bought older cars including a few Saabs and on a couple I have actually made a small profit after a couple of years use.

bikerdude666 · 13th November 2018, 07:13

Bought my first car, a rover 25, off a mate for £180, sold it a year later as I needed something bigger and got the ZT, got £300 for the 25.

Did better with my moped, bought for £500, rode round for a year, taking it from about 8,000 miles to nearly 17,000, only cost me a clutch cable, and cat removal, on top of fuel and oil, and sold it for £750 18 months later.

Worst has to be my trike, paid £2250 for it, spent £500 sorting undeclared problems of the sellers making, just sold for £990. Previous worst was a bike I bought for £1000, over 2 years I had to fit a new petrol tap, clutch plates and springs, a rear caliper, and a new rear shock, and sold for about £300.

rrobson · 13th November 2018, 07:25

Quote:

Originally Posted by Jay

Thanks so far for the replies.
It seems everyone has lost out one way or another like myself but rronson had a result

Not really, I'm a huge sum down overall. That £300 didn't make much of a dent! I suppose an average of £1000 depreciation per car or £2000 per year isn't too bad. This is why I now buy cars of relatively small value, that way the most you can lose is the price paid for the car and so far that tactic is working out for me!

ratchet · 13th November 2018, 07:54

Quote:

Originally Posted by rrobson

Not really, I'm a huge sum down overall. That £300 didn't make much of a dent! I suppose an average of £1000 depreciation per car or £2000 per year isn't too bad. This is why I now buy cars of relatively small value, that way the most you can lose is the price paid for the car and so far that tactic is working out for me!

Bangernomics - I've been practicing it for decades.

The only problem is that you sometimes buy a banger that gets under your skin. Then the bangernomics rulebook gets torn up and thrown away..........as is the case with my ZTT.

rustymotor · 13th November 2018, 08:28

Bought a Morris Minor from a guy who kept his dog in for £40..the dog had eaten most of the interior, I didn't click at the time but the reg number was 491VY sold for £700 and 10 years later saw the number on an Aston driving along the M3..happy days

Just checked number is now on a 2016 Jaguar.

12th November 2018, 17:27	#1
Jay This is my second home Small....Far away Join Date: Feb 2010 Location: Norwich Posts: 9,473 Thanks: 2,707 Thanked 2,060 Times in 1,194 Posts	How much have you lost or gained on selling a car? Any answers greatfuly received Best I had a Morris Minor 1956 that I bought for £400 in 1998 and sold it for £1100 after 3 years ownership. It had to go because I couldn't afford all the work needed to be done to be brought up to its original showroom state. Worst I bought a Honda Civic 1.5 for £4200 second hand in 2001 and had it on finance. I had to take it back after a discrepancy with myself and my manager at the time as to staying to long with a dying client in social work and I told them to get stuffed in a more direct way and lost my job. Hence the garage wanted £1000 to take it back after only less than 1 month of ownership. __________________ ~Karma will help or hinder you. Therefore look positive for this day~ Last edited by Jay; 12th November 2018 at 17:38.. Reason: Add Pictures

12th November 2018, 17:47	#3
rrobson I really should get out more....... 75 tourer cdti, MG ZS 180, nissan terrano & 1.8t rover 25 Join Date: Feb 2010 Location: Pontefract Posts: 2,643 Thanks: 17 Thanked 295 Times in 218 Posts	Interesting question! I worked this out recently and over the 10 or so years I've been driving, and between the 20 or so cars I've owned I've spent £65000 and got back about £42000. The best was a 75 actually, bought for £600 and part ex'd for £900. Worst by far was a Passat cc. Bought for £18000 and part ex'd for £11000 18 month later. It was a ice motor though. Sent from my iPhone using Tapatalk __________________ How to view a car - everything you need to help you inspect a used car VIS motor tester avalible to local members Injector removal tool and auto gearbox pressure tester now available

12th November 2018, 18:21	#4
gnu Gets stuck in MG ZT Join Date: Apr 2018 Location: Bristol Posts: 695 Thanks: 332 Thanked 164 Times in 133 Posts	I've always 'lost' as I keep them for a long time. Using the last 2 car as an examples, depreciation costs were: ZS: £2,500 in 9 years = £278p.a. R214: £2,780 in 13 years = £214 p.a. Can't complain at that - Rover gets you a lot of car for your money! __________________ gnu

12th November 2018, 19:14	#5
Jay This is my second home Small....Far away Join Date: Feb 2010 Location: Norwich Posts: 9,473 Thanks: 2,707 Thanked 2,060 Times in 1,194 Posts	Thanks so far for the replies. It seems everyone has lost out one way or another like myself but rronson had a result However I did have a Yugo45a as my first car at 24yrs old I bought a secong Yugo from the same guy who was a dealer from home for £600. It was a Yugo Sana and smelt and drove like a new car. It had the Fiat Tipo 1.4 engine in it but the clutch was stiff. I simply took the clutch cable of my old Yugo (which was being claimed back on the insurance after someone car in the car park burst into flames and burnt the back of my paintwork and tyre) fited it to the San a walla. No problems. Because of the body weight on these cheap cars it used to burn of Ford Orions from the traffic lights Google image that doesn't do the car any favours imho My mate had seen this and needed a car with loads of boot space for his drum kit. Sold for £1100 EDIT I never really liked him or he could have had it for what I paid. __________________ ~Karma will help or hinder you. Therefore look positive for this day~ Last edited by Jay; 12th November 2018 at 19:18.. Reason: Add Edit

12th November 2018, 17:46	#2
Dawn I really should get out more....... MG ZT 180+ auto Join Date: May 2016 Location: Ilkeston, Derbys Posts: 2,743 Thanks: 285 Thanked 1,128 Times in 504 Posts	I've never made a profit. ALWAYS lose hundreds, sometimes a lot more.

13th November 2018, 00:20	#6
SCP440 I really should get out more....... MG ZT-T 260 Join Date: Feb 2016 Location: Witney Posts: 2,504 Thanks: 6 Thanked 910 Times in 571 Posts	My Worse loss was on an Omega Estate, I paid 15k for it when it was just over a year old and sold it 2 years later and got £4500 for it. In that time it had a cam belt at about £500 and some sensors because it was running badly. The guy I sold it to rung me after a couple of weeks and asked if I had the radio codes as the Alternator had failed and he could not find them, it had cost him £500 for a new one. Since then I have bought older cars including a few Saabs and on a couple I have actually made a small profit after a couple of years use.

13th November 2018, 07:13	#7
bikerdude666 Posted a thing or two Jaguar Xe diseasal Join Date: Nov 2011 Location: Little Stanion, Corby Posts: 1,922 Thanks: 363 Thanked 390 Times in 241 Posts	Bought my first car, a rover 25, off a mate for £180, sold it a year later as I needed something bigger and got the ZT, got £300 for the 25. Did better with my moped, bought for £500, rode round for a year, taking it from about 8,000 miles to nearly 17,000, only cost me a clutch cable, and cat removal, on top of fuel and oil, and sold it for £750 18 months later. Worst has to be my trike, paid £2250 for it, spent £500 sorting undeclared problems of the sellers making, just sold for £990. Previous worst was a bike I bought for £1000, over 2 years I had to fit a new petrol tap, clutch plates and springs, a rear caliper, and a new rear shock, and sold for about £300.

13th November 2018, 08:28	#10
rustymotor Posted a thing or two Rover 75 Tourer Join Date: May 2017 Location: Hull Posts: 1,848 Thanks: 216 Thanked 432 Times in 340 Posts	Bought a Morris Minor from a guy who kept his dog in for £40..the dog had eaten most of the interior, I didn't click at the time but the reg number was 491VY sold for £700 and 10 years later saw the number on an Aston driving along the M3..happy days Just checked number is now on a 2016 Jaguar.