Quote:
Originally Posted by eighteentee
Just been wondering about trading in my 57 plate ES in favour of an EX or Type R. In November I paid just shy of £17k for my ES. I've done 3,800 miles and now it's worth £13k - does this seem bad to anyone else other than me?
|
Even looking at the cost of a new ES with met paint, you are just sub 17k - @ £16,710. Now, assuming you didnt negotiate a stonking great 10% discount, there is just shy of £2,400 VAT in there. not going to the dealer, not yours, but to the good ol government. take that from your car price and you are around £14,300. less depreciation for mileage, the fact that there is now 1 owner on the log book as the car is no longer 'new' and £13k isnt such a bad shout. Without rubbing salt into the wound, it really is too soon to be changing your car without expecting to make a perceived significant loss.
Look at the situation from a slightly different angle. you may have not got a discount, i dont know but other people will have, so that £17k car isnt really £17k, its more like £15,500. the depreciation starts there, not at £17k, therefore the 1, 2, 3 value will be lower. If a new owner can by a car at a discount then the next owner will expect to get a better deal on a used, a bigger saving. Driving the price down at purchase is all well and good but it will obviously affect the residual value later on.