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Conference terri::cars_uk

Title:	Cars in the UK
Notice:	Please read new conference charter 1.70
Moderator:	COMICS::SHELLEYELD

Created:	Sun Mar 06 1994
Last Modified:	Fri Jun 06 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	2584
Total number of notes:	63384

1361.0. "Through the Floor" by HAMPS::LINCOLN_J (Where sheep dare) Mon Feb 18 1991 13:28

	There used to be a topic on spiralling car prices, but I
	can't find it now. This is a topic about swiftly declining car
	prices.

	Thumbing through yesterdays Sunday Times I was struck by just
	how much things have changed in the last year. Nowadays one senses
	a feeling of desperation amongst those trying to get rid of
	their 'investments', and a healthy attitude of trying to undercut
	the other man to grab the elusive buyer.

	A few examples -

	MX5 - If you payed over the odds for one of these ugly things
	last year it won't help to know that you can now get 10% of a new 
	one.

	Lotus Elan - It seems that everyone who ever bought one of these
	wants to sell it. Already gaining a reputation for poor 
	reliability this hideous model now comes discounted.

	NSX - want to be the first to have an NSX. You can be for �72,000,
	but wait there's another one at �60,000, and at �54,000 and even
	�52,500. Wonder how much anyone will really pay.

	Classic investments are very much into the hefty depreciation
	mode, particularly those that cost oodles to maintain/restore.
	Best get rid of it if you can, quick.

	Ferraris are way way down, but at least this means that a few
	genuine enthusiasts may get them. 308s in the �30,000 bracket
	and still descending. More exotic examples are anybodys guess.
	�1 million for an F40, Ok say �900K, allright, allright �600K,
	but you're taking the shirt off my back. If you believe this 
	hype you can become rich, there was an F40 at �250K.

	-John

T.R	Title	User	Personal Name	Date	Lines
1361.1	10% of a new one???? Comments ...	PLAYER::KENNEDY_C	The same old clich�	`Mon Feb 18 1991 15:04`	1

1361.2	Hope investors go broke...	CHEFS::COLEMANM		`Mon Feb 18 1991 16:43`	15
	It's nice to see some justice at last ...... I stopped buying Supercar Classics etc. etc. because it made me too depressed ....... I remember, back in 1980, trying to justify �6,500 for a late '76 308 GT4, rust and all, just because it was a Ferrari. Seeing people asking 50,000 squids for these 'icons' last year was just too much. I hope all these 'investors' lose chunks of money and never mess around with cars again. When a Mondial 8 gets down to around 16k ...... maybe I'll finally succumb (sp?) Mark
1361.3		NCEIS1::CHEVAUX	Patrick Chevaux, Nice, 828-6995	`Mon Feb 18 1991 16:59`	4
	I'm interested in your comments on the new Lotus. I'm still vaguely thinking about buying one (nice little roadster is ideal for the C�te d'Azur ...) so everything you hear about prices, reliability is top info for me. Thanks in advance.
1361.4	Biased? Only a lot!	SUPER7::BROWN	I've got a hard 'fact'.	`Mon Feb 18 1991 18:40`	7
	RE: <<< Note 1361.3 by NCEIS1::CHEVAUX "Patrick Chevaux, Nice, 828-6995" >>> (nice little roadster is ideal for the C�te d'Azur ...) See Healey Frogeye topic... much nicer car. Laurie.
1361.5	More ...	MAMTS2::63654::NAYLOR	Purring again.	`Mon Feb 18 1991 19:48`	16
	>RE: <<< Note 1361.3 by NCEIS1::CHEVAUX "Patrick Chevaux, Nice, 828-6995" >>>> > (nice little roadster is ideal for the C�te d'Azur ...) > See Healey Frogeye topic... much nicer car. > Laurie. Or an Alfa Romeo Spider .... Not that I'm biased, either. :-) Brian PS - The valuation on the E-type I sold last July is down by over 30%. Think I might be about ready to buy another .... :-)
1361.6	It's a buyers market	NEWOA::KERRELL	Dave Kerrell NEW B1/2-2 774 6185	`Tue Feb 19 1991 12:49`	5
	Declining car prices is a sore point with me, I'm departing with my 2 yr old SRi for a mere �6640 this afternoon (32,000, 1yr warranty, 6mths tax, good condition), 2yrs ago I bought it for �11500! /Dave.
1361.7		HEWIE::RUSSELL	Well, it was here a minute ago...	`Wed Feb 20 1991 10:35`	5
	re.6; Maybe the lease scheme isn't so bad after all.... Peter.
1361.8	Depreciation is very high on new cars	JANUS::BARKER	Jeremy Barker - T&N/CBN Diag. Eng. - Reading, UK	`Wed Feb 20 1991 11:43`	12
	Re: .7 If you need to have a new car the lease scheme is pretty reasonable. If you are happy to have a car that is not new, then it is generally more expensive (as it only deals in new cars). The depreciation incurred in the first few days that the car is driven on the road is disproportionately high. The rate of depreciation falls significantly after the car is a year or two old. jb
1361.9		HAMPS::LINCOLN_J	Where sheep dare	`Wed Feb 20 1991 12:56`	12
	>Declining car prices is a sore point with me, I'm departing with my 2 yr old >SRi for a mere �6640 this afternoon (32,000, 1yr warranty, 6mths tax, good >condition), 2yrs ago I bought it for �11500! As a comparison my 1.9 205 is now 2yrs 1month old and 30,000 miles. List was �11,500 then but I paid �10,000. I don't know really but I'd reckon to get over �7000 for it now. Sporty cars generally hold their price better because there's more private buyer interest in them. Apparently the old MR2 was/is the lowest depreciating new car around. -John
1361.10		NEWOA::KERRELL	Dave Kerrell NEW B1/2-2 774 6185	`Wed Feb 20 1991 13:14`	7
	re.7: >Maybe the lease scheme isn't so bad after all. Depends on mileage and changes of circumstance. In my case, enforced relocation to the Solent office from The Crescent blew my budget for depreciation due to mileage. /Dave.