Other Time to say Goodbye :0(

Chris · 1st November 2007, 11:58

I think my prized civic sport in black must go. I am soon getting a mortgage and need all the spare cash per month I can save. So I think I might try and 'downgrade' my car at the honda garage. Has anyone else done this? And what kind of loss could I expect with it being around 1.7 years old?

Pottsy · 1st November 2007, 12:09

Quite a lot, but it all depends on mileage, condition, desirability (black is good, but 1.8 will be worth less than the 2.2), the amount of profit that can be lost on the replacement car they are selling and so on. I'd hazard that it would be around a 40% loss.

Andrea · 1st November 2007, 17:28

I have recently been looking at changing my 55plate 1.8 SE in average condition and have been offered no more than 9.5k(not from honda though), very disappointed really

Pottsy · 1st November 2007, 18:04

From Glasses:

deprec.gif

Brodick · 1st November 2007, 18:17

you can get quotes form Glass's and Parkers

It is a know fact in the industry that all car take the biggest hit in the first
year slightly less in the second year and not that much in the third year

Civics hold around 48% / 49% (some models slightly better)
of its value from new ( also keep in mind that not all accesories hold their value that well) so the retained value is worked out on the basic car and
then anything extra is normally looked at on a case by case basis

1st November 2007, 11:58	#1 (permalink)
Chris Valve Cap Join Date: 21st July 2006 Location: North East Posts: 18 Thanks: 0 Thanked 0 Times in 0 Posts iTrader: (0)	Time to say Goodbye :0( I think my prized civic sport in black must go. I am soon getting a mortgage and need all the spare cash per month I can save. So I think I might try and 'downgrade' my car at the honda garage. Has anyone else done this? And what kind of loss could I expect with it being around 1.7 years old?

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This thread is about: Time to say Goodbye :0(, it's in Buying, Dealers and Servicing at the Honda Civic forum Civinfo; I think my prized civic sport in black must go. I am soon getting a mortgage and need all the spare cash per month I ...

1st November 2007, 12:09	#2 (permalink)
Pottsy Administrator Civinfo master Join Date: 10th April 2006 Location: Leics Posts: 5,481 Thanks: 22 Thanked 167 Times in 98 Posts iTrader: (0)	Quite a lot, but it all depends on mileage, condition, desirability (black is good, but 1.8 will be worth less than the 2.2), the amount of profit that can be lost on the replacement car they are selling and so on. I'd hazard that it would be around a 40% loss.

1st November 2007, 17:28	#3 (permalink)
Andrea Triangular Exhaust Join Date: 22nd July 2006 Location: Lynemouth, Northumberland Posts: 421 Thanks: 0 Thanked 0 Times in 0 Posts iTrader: (0)	I have recently been looking at changing my 55plate 1.8 SE in average condition and have been offered no more than 9.5k(not from honda though), very disappointed really

1st November 2007, 18:04	#4 (permalink)
Pottsy Administrator Civinfo master Join Date: 10th April 2006 Location: Leics Posts: 5,481 Thanks: 22 Thanked 167 Times in 98 Posts iTrader: (0)	From Glasses: deprec.gif

1st November 2007, 18:17	#5 (permalink)
Brodick Perfect Guy! Rocketship door handle Join Date: 2nd December 2006 Location: Central Scotland Posts: 1,843 Thanks: 0 Thanked 12 Times in 11 Posts iTrader: (0)	you can get quotes form Glass's and Parkers It is a know fact in the industry that all car take the biggest hit in the first year slightly less in the second year and not that much in the third year Civics hold around 48% / 49% (some models slightly better) of its value from new ( also keep in mind that not all accesories hold their value that well) so the retained value is worked out on the basic car and then anything extra is normally looked at on a case by case basis