Mercedes depreciation

[MIW615]

See how much depreciation your car has suffered - just type in the details......................

http://aol.whatcar.com/DepreciationIndex.asp

 

[television]

Well a Ferrari could loose £100k in the first year, that must be worse than mine as it did not cost that new

 

[MIW615]

Well a Ferrari could loose £100k in the first year, that must be worse than mine as it did not cost that new

Malcolm, not quite, but close - around £80,000 for the "top of the range" car, but 99% of cars will always loose big money over the first two years or so, that's why I always buy a low mileage year old car and let someone else take the depreciation hit

 

[television]

Malcolm, not quite, but close - around £80,000 for the "top of the range" car, but 99% of cars will always loose big money over the first two years or so, that's why I always buy a low mileage year old car and let someone else take the depreciation hit

Same for me, as a working hands on person I have never been in that league that could take that loss.

One day I will have a play with that calculator and find the worse car

 

[jberks]

absolutely - In fact I think I may even go for a 2 year old one next time.

 

[stevesey]

Hm - never lost more than £5K on a car.

Actually never paid more than £5K - my depreciation is normally about £600 a year. Actually with the quality of cars these days I seem to be spending less (for more car, in better condition) each time I change. Can't see the point of tying up more capital in something that depreciates as fast as a car does.

 

[JEZ.S320L]

Malcolm, not quite, but close - around £80,000 for the "top of the range" car, but 99% of cars will always loose big money over the first two years or so, that's why I always buy a low mileage year old car and let someone else take the depreciation hit

An interesting study might be:

How old does a car have to be, before it is worth 50% of its original purchase price?

e.g. - Bentley Continental - 4yrs 2months

Vauxhall Corsa - 10 months

Jaguar XKR - 3yrs 2 months

etc etc etc

 

[television]

I only bought the SL as I got a 40% discount for spending my money while still alive, the rules on inheritance tax have now changed so I am in a quandary now?

 

[MIW615]

I only bought the SL as I got a 40% discount for spending my money while still alive, the rules on inheritance tax have now changed so I am in a quandary now?

Back to the Ford Fiesta then Malcolm Seriously as long as you get pleasure with the car you have then what the hell - enjoy whilst you can - life's tooooooooooo short

 

[television]

Back to the Ford Fiesta then Malcolm Seriously as long as you get pleasure with the car you have then what the hell - enjoy whilst you can - life's tooooooooooo short

Well I do enjoy her, I can go and sit with her with a coffee and we talk via the linguatronic, she is always polite and never tells me what I should be doing or asks me why I did what I did on sept 12th 1983 at 3pm.

 

[MIW615]

Well I do enjoy her, I can go and sit with her with a coffee and we talk via the linguatronic, she is always polite and never tells me what I should be doing or asks me why I did what I did on sept 12th 1983 at 3pm.

Know what you mean - by the way what were you doing on Sept 12th 1983 @ 3pm ??

 

[television]

Know what you mean - by the way what were you doing on Sept 12th 1983 @ 3pm ??

I was laying the foundations for the house, she wanted me to put the roof on first.:roll:

 

[MIW615]

I was laying the foundations for the house, she wanted me to put the roof on first.:roll:

So did she end up in the foundations then?

Just noticed - my 500th post !!!