The Value Of Used Cars.

[Deleted member 37751]

That c63 was purchased from a mercedes dealership.

Well done.

 

[jdrrco]

The other thing that puts people off big-engined cars is the £445/£460pa VED charge.

The extra tax each year is a big psychological disincentive and the gap between band L & M and smaller-engined versions of the same car is only likely to grow larger.

 

[Deleted member 37751]

The other thing that puts people off big-engined cars is the £445/£460pa VED charge.

The extra tax each year is a big psychological disincentive and the gap between band L & M and smaller-engined versions of the same car is only likely to grow larger.

There's a lot to be said for that^.

When I was looking to buy a Discovery TDV6, I was finding that the 54-55 plates were commanding the same prices because there is a £200 a year RFL difference from March 23rd 2006 iirc.

 

[John]

Correct everybody at work think I am mad having a 5.5 V8, but when my daily commute is only 7 miles each way I don't mind the 20mpg figures.

Similarly... except I do 19 miles each way.

Those same people are happy to spend £2500 smoking/drinking but are shocked I might spend that in fuel...

 

[crockers]

Never purchased a car on hp - Paid £51k kept for four months - sold on for a profit.

Was that a car you bought new or secondhand?

 

[Dryce]

The other thing that puts people off big-engined cars is the £445/£460pa VED charge.

The extra tax each year is a big psychological disincentive and the gap between band L & M and smaller-engined versions of the same car is only likely to grow larger.

Definitely. People are able to quantify the VED in a way that they don't with depreciation and fuel costs. Probably in part because it's one big visible non-negotable lump to be coughed up each year whereas they can spread insurance payments and car payments.

 

[Palfrem]

I think the VED point is very valid.

My partner walked away from a nice Saab convertible when the salesman told her about the Road Tax.

She bought an SLK 200K

 

[Deleted member 37751]

There's a lot to be said for that^.

When I was looking to buy a Discovery TDV6, I was finding that the 54-55 plates were commanding the same prices as the 06/56 because there is a £200 a year RFL difference from March 23rd 2006 iirc.

Just clarified my own post^

 

[jonnyboy]

i've just been forced to let go the highest spec 4.2 v8 diesel Q7 of its era in the country for £23,300 despite (stupidly) rejecting a part-ex valuation of £26k in March. No interest in the car at all even when very keenly priced for sale. Market has collapsed imho - anyone with liquidity will have a very nice car very very cheaply.
Meanwhile, I am back in an A Class.

 

[tombadino]

Slightly off line but just to quote an example of value against new. I recently bought a CL600 v12 2001 in showroom condition Had it well checked out by an independant Merc specialist who could find no faults. Drives like a dream , thirsty as hell but who cares, looks a million ££ . This car cost new nearly £100mand cost me £7k to buy. 2nd hand ford money?? There is merit in looking at prestige vehicles with history at decent prices.

 

[NOMONEYBUTAMERC]

I think you will find all sectors of the market are struggling at present. I put my 06 Skoda Octavia 1.9tdi through the auction four times a short while ago. 117k , full main dealer history , virtually unmarked , went for just over £2k.Six months ago would have been around £2800.
As far as personal vehicles go , I never worry too much about mpg , as bigger engined motors are less stressed , and more fun to drive. If I could afford to spend 51k on a car ( like The Don ) , I certainly would not worry about mpg or depreciation . ( maybe worry about finding a horses head at the foot of my bed instead! 0

 

[biturbo]

i run a retail business and have noticed 'middle england' are not spending much but the rich are out in force with wads of cash. Guess with inflation running at 8% in real world middle england are squeezed and the rich as spending as the money in the bank is being erroded.

 

[John]

i've just been forced to let go the highest spec 4.2 v8 diesel Q7 of its era in the country for £23,300 despite (stupidly) rejecting a part-ex valuation of £26k in March. No interest in the car at all even when very keenly priced for sale. Market has collapsed imho - anyone with liquidity will have a very nice car very very cheaply.
Meanwhile, I am back in an A Class.

Our MD has a 58 plate. Lovely piece of kit. It certainly didn't start at anything remotely like a 2 when new!

I see the massive largest engined Q7 (V12 or V10 oiler) is £100k. Ouch!

Btw, did you once frequent BM3W?

I think you will find all sectors of the market are struggling at present. I put my 06 Skoda Octavia 1.9tdi through the auction four times a short while ago. 117k , full main dealer history , virtually unmarked , went for just over £2k.Six months ago would have been around £2800.

Now that really surprises me given my 2004/04 Saab 9-5 Aero HOT (92000) went for £2k which was probably £500 > £750 less than what it was really worth.

I'd have bet every time on your Skoda going for more.

 

[Setanta]

The trend that I am seeing (in cars that I am interested in and hence look at/own/intend to buy) are:
LS430's - prices have flattened out and they are selling quickly, especially at main dealers
W220's - dropping fast
C215's - like their sedan brother, the prices are dropping quickly. MB sold one within a few days week before last for £8500 or something and it was a 2003/04 model
Anything equipped with ABC (CL600, S600) seems to be hanging around for ages which is not surprising given the gobsmacking repair costs of that infernal system
W140's - stablising and selling quicker. This will probably be followed by a rise in prices.
R230's - heading south quickly to be not far off good examples of the R129

 

[bolide]

A trader friend was offered a C63 last week - an 09, I think - which he reckoned would retail at £40995. He offered £30k for it

Cars like that are depreciating a couple of grand a month so you can't risk getting caught with one

Nick Froome
the independent Mercedes Estate specialists

 

[Setanta]

When you say that it would retail at £40k, do you mean that he would have then put it up for sale at that price?

 

[billywhiz]

Car prices are all over the place - the old saying only worth what someone wants to pay for it.

In the current climate it's probably best keeping the devil you know..

 

[NOMONEYBUTAMERC]

This forum has a fairly diverse mix of owners , but all love cars. Has the current economic climate forced/altered your plans to change/keep your present vehicle(s) , and will your next car be a step up or down?

 

[crockers]

I'll be keeping mine as it's paid for, goes like a rocket, and uses not too much fuel. Also trade in price is sh1te.

 

[Dieselman]

I'll be keeping mine as it's paid for, goes like a rocket, and uses not too much fuel. Also trade in price is sh1te.

I think I'll keep mine for now as it owes me nothing, is nearly as good as new ones on fuel and a lot more reliable, goes OK-ish, and is worth bugger all.

Seems a shame to lose another £30k for a fancy.