had ham Posted January 23, 2009 Share Posted January 23, 2009 We live in the sticks, do the horses, shooting, country stuff, run a football team, have 3 kids, dog, etc, so our other car is a 7 seater Pathfinder, which is perfect for our family needs. Mrs HH uses it mostly. It's our second one, and is an Aventura diesel auto, with all the bells and whistles you coud dream of, and is on a 07 plate, with 12k miles. I paid nearly £30K for it 20 months ago (which in itself was £4k off list). Whilst procuring my new 350, the same dealer mentioned to me that he had some stunning deals on new Pathfinders - I said I was interested and asked him to value ours, look at our settlement fee (it's on a PCP) and come back to me. Long story short, they offered £11K 'at a push' for the Pathfinder - in other words it's lost £19k or 60%+ of it's value in 20 months. That's a fair few grand below the settlement fee. Looks like we won't be changing it then.... Quote Link to comment Share on other sites More sharing options...
Stew Posted January 23, 2009 Share Posted January 23, 2009 Many in the same boat. One of the management at work just traded his 3,2 DSG TT which was mint in for an A6 Avant. I can't remember the age ashe runs a private plate but was offed 6k for it against a 35k ag XF and Landrover. Audi offered 8k as he was a repeat customer. It's shocking! Quote Link to comment Share on other sites More sharing options...
martinmac Posted January 23, 2009 Share Posted January 23, 2009 Thats ridiculous. A friend of mine travelled to Yorkshire to buy one, the local dealer wouldnt drop the price Quote Link to comment Share on other sites More sharing options...
Chesterfield Posted January 23, 2009 Share Posted January 23, 2009 As they are currently selling the Aventura with all bells and whistles via the "friends and family" scheme at around £15k I believe, then its easy to see where they got that figure from. Its a fairly depressing picture Quote Link to comment Share on other sites More sharing options...
Maccaman Posted January 23, 2009 Share Posted January 23, 2009 Thats the nightmare situation everybodys in. How do they expect new car sales to grow if residuals are so low? Nobodys going to risk anything with those losses. Quote Link to comment Share on other sites More sharing options...
had ham Posted January 23, 2009 Author Share Posted January 23, 2009 Well I normally change the family car every two years or so - but it looks like we'll be running this fecker into the ground! I always opted for PCPs as it made it easy to change cars frequently and monthly costs were kept lowish. The step change in RVs means that's out of the window......for me and many others I'd imagine! Quote Link to comment Share on other sites More sharing options...
ZeddZ Posted January 23, 2009 Share Posted January 23, 2009 As they are currently selling the Aventura with all bells and whistles via the "friends and family" scheme at around £15k I believe, then its easy to see where they got that figure from. Its a fairly depressing picture £17000 to Joe Public Quote Link to comment Share on other sites More sharing options...
had ham Posted January 23, 2009 Author Share Posted January 23, 2009 As they are currently selling the Aventura with all bells and whistles via the "friends and family" scheme at around £15k I believe, then its easy to see where they got that figure from. Its a fairly depressing picture £17000 to Joe Public That is one hell of a lot of car for £17K! More space than a Disco and £27K cheaper spec for spec! Mind you, my salesman tells me more 'normal' pricing will resume when stocks are gone. He's actually sold 19 cars this month - including 3 'Long Way Down' special edition Patrols - one of his best months ever and by far and away his best January ever - every single car (apart from one new Murano?!?!) are the current 'special offers'... Quote Link to comment Share on other sites More sharing options...
Chesterfield Posted January 23, 2009 Share Posted January 23, 2009 Id like to see him repeat those sales when "normal" pricing resumes. If "normal" pricing resumes, then there will be a long gap between new cars and second hand cars - unless of course they intend to increase the price of a second hand car... Quote Link to comment Share on other sites More sharing options...
bronzee Posted January 24, 2009 Share Posted January 24, 2009 Perhaps wait til the dealers are getting really hungry, perhaps they will be desperate enough to business that you may get an okish deal. Quote Link to comment Share on other sites More sharing options...
nixy Posted January 24, 2009 Share Posted January 24, 2009 surely with the massive depreciation on a new car now it would be cheaper to lease one! I'm not sure how that works but for that amount of money you could probably hire a chauffer and a limo! Quote Link to comment Share on other sites More sharing options...
manc350z Posted January 24, 2009 Share Posted January 24, 2009 I feel for you mate... we have just offloaded a merc ml amg.. i could have bought a terraced house with the amount of cash my wife has lost on that. Check out the plummeting porker cayenne turbo's if you want to feel better about the pathfinder.. Quote Link to comment Share on other sites More sharing options...
RobbieB Posted February 11, 2009 Share Posted February 11, 2009 I lost exactly £2000 on a Fiesta ST in 1 year. I did part-ex, but I got a good deal originally and shopped around for the part ex. Depressing. However, if car prices hadnt have dropped I wouldnt have a Z. Swings and roundabouts Quote Link to comment Share on other sites More sharing options...
Stew Posted February 11, 2009 Share Posted February 11, 2009 I lost exactly £2000 on a Fiesta ST in 1 year. I did part-ex, but I got a good deal originally and shopped around for the part ex. Depressing. However, if car prices hadnt have dropped I wouldnt have a Z. Swings and roundabouts 2k in a year is nice. My Zed lost about 3k probably in 2 - 2 1/2 years and about 6k in the last 6 months. Quote Link to comment Share on other sites More sharing options...
Chris`I Posted February 11, 2009 Share Posted February 11, 2009 I lost exactly £2000 on a Fiesta ST in 1 year. I did part-ex, but I got a good deal originally and shopped around for the part ex. Depressing. However, if car prices hadnt have dropped I wouldnt have a Z. Swings and roundabouts 2k in a year is nice. My Zed lost about 3k probably in 2 - 2 1/2 years and about 6k in the last 6 months. Yup. When I got mine, they were holding value really well. 3yr old with 30k miles were about £18k. Now you can get a new one for that! Thats in 2 years, most of it in the last 6-8 months Still bodes well for when I want a nearly new 370z, if there will be any around. Reckon everyone will want a nearly new one just so they dont take the biggest hit on it! Quote Link to comment Share on other sites More sharing options...
Trev-the-Rev Posted February 11, 2009 Share Posted February 11, 2009 I lost 2K on my Civic Type R in t 2 years. I recon on about 5-6K in the last 6 months on my Zed. Quote Link to comment Share on other sites More sharing options...
Stew Posted February 11, 2009 Share Posted February 11, 2009 I lost 2K on my Civic Type R in t 2 years. I recon on about 5-6K in the last 6 months on my Zed. All the longe term owners are in the same boat! Quote Link to comment Share on other sites More sharing options...
Trev-the-Rev Posted February 11, 2009 Share Posted February 11, 2009 I lost 2K on my Civic Type R in t 2 years. I recon on about 5-6K in the last 6 months on my Zed. All the longe term owners are in the same boat! You're absolutely right Stew. Still makes it hard to stomach though. Quote Link to comment Share on other sites More sharing options...
Stew Posted February 11, 2009 Share Posted February 11, 2009 I lost 2K on my Civic Type R in t 2 years. I recon on about 5-6K in the last 6 months on my Zed. All the longe term owners are in the same boat! You're absolutely right Stew. Still makes it hard to stomach though. Just aswell the Zed is good as I can't afford to change it anytime soon! Quote Link to comment Share on other sites More sharing options...
N1SM0350z Posted February 12, 2009 Share Posted February 12, 2009 Lost 10K in about 12 months on mums X5 Quote Link to comment Share on other sites More sharing options...
Sarnie Posted February 12, 2009 Share Posted February 12, 2009 Financially, the best thing I ever did was sell the G. I bought it for £90k and similar cars are trading at £55k now :scare: Quote Link to comment Share on other sites More sharing options...
Trev-the-Rev Posted February 13, 2009 Share Posted February 13, 2009 You had a lucky escape there Liam. A friend of mine gave 93K for an V8 Vantage last year and he's just been offered 50K for it. Quote Link to comment Share on other sites More sharing options...
Ian Posted February 13, 2009 Share Posted February 13, 2009 You had a lucky escape there Liam. A friend of mine gave 93K for an V8 Vantage last year and he's just been offered 50K for it. V8 vantages have dropped a lot though, Look to be a great second hand buy Quote Link to comment Share on other sites More sharing options...
ZeddZ Posted February 13, 2009 Share Posted February 13, 2009 A bloke I know bought a fully loaded M3 last sept for £55500 and 2 weeks ago he went back to the dealer and asked about a trade in for a 7 series because it wasn't big enough for him.It had done 3200 miles.How much did the dealers offer him as a trade in. £33750 Just over the price of my Z in 5 months.Made me feel much better about the rate my car has dropped. Quote Link to comment Share on other sites More sharing options...
jamesyj Posted February 14, 2009 Share Posted February 14, 2009 There are some serious serious bargains to be had if you're in the trade though. My 350z GT. Black, late 05/55, 29k on the clock, retail example. Up for sale originally at circa £16k, dropped to just shy of £14k. I bought it 2 months ago for £10k dead on. It's definately the wrong time to sell your car but by miles, the best time to buy. On another note, we had a chap in who bought a brand new VXR8, paid list price, circa £34k (not from us). He had it for 6 months dead on, put 9k miles on it and his missis left him so he downsized to a Vectra VXR. We gave him £23k for it, this was even before the arse fell out of the car market. Then he bought the Vectra for 17k, then the arse fell out the car market, he had that for 2 months, traded it in elsewhere for 12k. Poor chap. Quote Link to comment Share on other sites More sharing options...
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