Resale Value Residual Values...

[Tydo]

Have you seen the Trade in values for the Civic in Parkers, 06 EX 2.2 13.5k

Looks like the predicted 50% drop after 3 years might be a little optimistic

[psiboy]

I never get upset about depreciation (not that I can afford to). It is just a cert...

1.) your born
2.) your cars depreciate
3.) you Die

[TTDegs]

you loose the best part of 20% the instant you drive it off the forecourt

I personally wouldn't get in too much of a sweat over it for the moment - unless of course you're planning on selling in the next 6 months or so...

[Ancient Nerd]

Originally Posted by Tydo

Have you seen the Trade in values for the Civic in Parkers, 06 EX 2.2 13.5k

Looks like the predicted 50% drop after 3 years might be a little optimistic

And going to get worse as more are sold and the build quality problems become more obvious.

[PTR]

built quality problems?

I don't think the situation is not that sreious..

[psiboy]

Don't think I've owned a car that didn't have issues. Merc A class/Audi TT we're with major flaws and still held up a standard depreciation.

[Kpow99]

I think the only car you can pretty much bank on having low dep is the new Mini, their value is great. Bought 2nd hand one (bog stan) for missus back in 03 for £10.5k and sold 3 years later (to buy my civic ) at £8750, and they bit my hand off to the elbow to get it,

[sco77harris]

yer minis are mad lol, im sure the honda will do ok, im hoping my 5000 miles a year will keep the value high, i would like to change for uni, 1.8 lol fingers crossed

[psiboy]

My Lotus Elan S2 was £20,500 new in 1995..11 years on a low mileage version like mine is still £12,500..very pleased! the elise hasn't been quite so fortunate

[TTDegs]

Originally Posted by Kpow99

I think the only car you can pretty much bank on having low dep is the new Mini, their value is great. Bought 2nd hand one (bog stan) for missus back in 03 for £10.5k and sold 3 years later (to buy my civic ) at £8750, and they bit my hand off to the elbow to get it,

except the new model is about to launch...

[sco77harris]

Originally Posted by TTDegs

except the new model is about to launch...

i wouldnt be so sure they will drop a little but many magazines are saying they will retain a lot still and the old models are almost sold out and there is little if any discount to get

[basegreen]

I got a partex price for mine, and I think It's lost 900 in 6 months.

[Topcat]

Originally Posted by PTR

built quality problems?

I don't think the situation is not that sreious..

There is a huge list of problems with this car together with poor designs faults. Yes many new cars have problems but I dont know of any other person who has bought a brand new car and had such a wide variety of faults (whether big or small) as some of us Civic owners, teething problems are expected and small minor issues, but some of these faults are worrying, I believe I was one of the first to point out the gearbox problems and now this is becoming more common, I am certain there is a paint issue with the Civic and I am going to prove it, there are too many of us with scratches, stonechips and even reports of bird mess fading the paint after a day!! The paint may be thin and of acceptable levels in Honda's eyes but how many people do you know driving new cars having the same problems. It wouldn't be so frustrating if Honda lived up to their "good customer service" reputation.

I had my paint thickness measured two weeks ago tomorrow and yet the technical services department still have not told me what the acceptable levels should be!! I have found a paint expert who is going to back me on this issue but can you believe I have been told by Honda today that what he says wont count! It has to be a company they instruct - Strange that!

Watch this space..........