Depreciation
Depreciation
And you were worried about residuals on your RS4?
Advert spotted in local Newcastle newspaper - 08 Reg M3 coupe, fully loaded, TV , Sat Nav etc. etc., 1,000 miles only. Retail £56k, price £39,995 OUCH!
Advert spotted in local Newcastle newspaper - 08 Reg M3 coupe, fully loaded, TV , Sat Nav etc. etc., 1,000 miles only. Retail £56k, price £39,995 OUCH!
RS4 B7 Phantom Black
RE: Depreciation
it makes me want mine to get knicked so i can use the gap insurance to put me back to where i was last year....
RE: Gap Insurance
I was offered £23,000 less than I paid on my RS4 cabriolet after 1 year and 2,100 miles. The car trade has gone mad at the mo and having weighed up the options I am sitting on the RS4 at least til spring 2009. Everything has dropped like a stone and unless you have cash the dealers can't deal.
The p/x offers in the last quarter of 2008 are going to be mad as given the recession the dealers want to liquidate stockand not take in a heavy lump unless they literally steal it which is what they tried on with me
The p/x offers in the last quarter of 2008 are going to be mad as given the recession the dealers want to liquidate stockand not take in a heavy lump unless they literally steal it which is what they tried on with me
I cant see how the dealers are coping, I would imagine that a majority of new car sales are through pex, if no one is pexing how are they surviving. Its the same with 2nd hand cars, all the used car sites are showing the same old cars as that were there 4 months ago.
The other problem is I dont see how they can stimulate it in moving again? Given a turn in the economy for the better, will they start offering better pex vals? better discounts? I honestly cant see me buying a new car any time soon, im just not prepared to waste that kind of money again!
The other problem is I dont see how they can stimulate it in moving again? Given a turn in the economy for the better, will they start offering better pex vals? better discounts? I honestly cant see me buying a new car any time soon, im just not prepared to waste that kind of money again!
But it's in all in one's heads, the media has alot to answer for in getting everyone paranoid and talking the nation into a recession. I don't understand the mentality of it all really, have our salaries changed? I am still on the same one as I was when I got my motor and won't be in any rush to sell it, fuel is on the decrease again which is positive move etc...
It's a strange old world we live in!
It's a strange old world we live in!
2001 Avus Silver RS4 B5 60k on clock, MRC Custom Remap, Sunroof, Bluetooth prep
2006 Daytona Grey RS4 B7, RNS-E - SOLD
2006 BMW M6 - GONE
2006 Daytona Grey RS4 B7, RNS-E - SOLD
2006 BMW M6 - GONE
-
- Cruising
- Posts: 2990
- Joined: Thu Sep 04, 2003 1:45 pm
- Location: Swindon, Wilts
I noticed a few months ago that the used cars at the local BMW dealer are not as immaculate as they usually are. Seems like they are trying to maintain profit margins and turnover by sticking cars in the showroom that would have been traded on in the good old days...ARSEY4 wrote:I cant see how the dealers are coping, I would imagine that a majority of new car sales are through pex, if no one is pexing how are they surviving. Its the same with 2nd hand cars, all the used car sites are showing the same old cars as that were there 4 months ago.
The other problem is I dont see how they can stimulate it in moving again? Given a turn in the economy for the better, will they start offering better pex vals? better discounts? I honestly cant see me buying a new car any time soon, im just not prepared to waste that kind of money again!
- reevesroadster
- 3rd Gear
- Posts: 382
- Joined: Fri Feb 23, 2007 1:02 am
- Location: UK
Sorry Guys but at £2400 drop in book this month and dealers bidding at least £5k behind book I have decided to find a performance car that has also taken a big drop but not depreciating at the same rate - a late 996 911 Turbo with full aerokit and 911design 200 cell race cats exhaust. She is beautiful, in pristine condition and quick as fcuk. Virtually no turbo lag and full of torque.
Happy motoring - the wide smile has just got bigger
Happy motoring - the wide smile has just got bigger
Who is online
Users browsing this forum: No registered users and 195 guests