Reply With QuoteApart from his wife’s cheapy (you guessed it) Range Rover which had gone on to depreciate a further 50% in no time at all.Originally Posted by Dave+63
I think that a lot of people are already feeling the pinch, as the guy in the video says it’s not impacting him adversely at the lower end of the market.
Also, whilst some of his traditional customers may hold off, there will be others who need to buy but have nowhere else to go.
Apart from his wife’s cheapy (you guessed it) Range Rover which had gone on to depreciate a further 50% in no time at all.
I hear you
The CT looks great -like a bigger version of the old MCoupe
Enjoy it
Life’s too short as they say.
I'm looking to part ex my Evoque for a used F Pace and have an appointment with the JLR dealer. Looking at the likely trade in value of the Evoque and paying another £15k on top for the Jag i'm wondering now if it's worth it.
The Evoque has only done 50K (2016) and even with inflated insurance and extended warranty payments i'm wondering if i should just keep it for another year or so.
Think thats the reason the guys at my place of work are hoping the company finally signs up to a EV scheme, everyone will be switching to a Tacan from the Range Rovers...
Check if it has the Ingenium engine. That may help with any decision.
Thank you - and genuinely never thought of that comparison before and you’re absolutely right!
Loved that weird looking thing. Ended up with a Z4M 2007-2009 and loved it but would have loved to have a go in one of those bet they were great fun.
Some more anecdotal backup of a two tier market. And yes, Range Rover depreciation delivers again.
https://youtu.be/z7isABoVLVQ?si=Kf2nonPHk16cA_nA
He’s talking nonsense Adrian.
Everything has a value but some larger groups specifically avoid bidding on any EV given their stock levels, run rates and the volatility of the market.
Where are you getting that “90%” figure from please?
It was Grange in Brentwood in May, whil the Ipace was being serviced next door
If Grange (Cambria Group) had the Porsche franchise they might have spun another story………
Hope you love it and fair play but I'd definitely be wondering about spending 12-18mths in a used one and what else I could spend the savings on!
Thanks, yeah fingers crossed.
I'm one of the, you could say, mugs, that only likes buying new cars. My last experience of used was about 15 years ago (which was first time in about 10yrs), bought a 3yr old X5 from BMW dealer and long story short, turned out it had been in an electrical fire and was a quite the lemon. I got my money back no challenge but put me off.
I'm a sucker for that first owner feel - although did once buy an ex-BMW management car that was 9 months old for a huge saving.
I know one day I'll give up on this and go down a different route - but for now etc
For those who use the WBAC values as some kind of barometer for used car prices, this news might explain some of their very volatile offer pricing;
https://cardealermagazine.co.uk/publ...e-drops/292531
I’ve tended to put more store in Motorway where your car is auctioned off to actual dealers/buyers rather than WBAC who are buying in for BCA sales.
I do feel for those trying to make a living whilst all this is going on, and having their livelihoods threatened by another giant ‘player’ suffering ‘liquidity issues’.
When I went to Porsche Hatfield 18 months ago the salesman there said that every Taycan had a silly wait as everyone was buying it through the company schemes to take advantage of the 1% which moved to 2% benefit in Kind rates
Not an especially solid data point is it?
Very believable though as there are quite a number of comments on this thread alone which back up the salesman’s claim.
When the incentives available make them a £400 per month car for some higher rate taxpayers, it’s hardly a surprise though.
For a 100k car its a deal.
Yes, let’s not allow some unsubstantiated third party quotes via one salesman in a Porsche Centre regurgitated on a forum get in the way of the real facts at all.
What are the real facts then?
I only said that his comment was believable, particularly when considering just how cheap the car could be for some.
Skip to minute 34 for the executive stuff which are tanking at auction.
https://youtu.be/6VguVeojSBk?feature=shared
All those JLR cars that aren't selling have the ingenium…word is well and truly out.
That particular car had warning lights on the dashboard which will have reflected the desirability, however the exec market is certainly suffering at the moment.
R
Ignorance breeds Fear. Fear breeds Hatred. Hatred breeds Ignorance. Break the chain.
Look again, 3yr old EQC on 37.5k now at circa £26k…tempted at that price.
http://www.autotrader.co.uk/car-details/202312295107412
That was April last year, sun £30k is easily achievable now but at £26k it’s almost rude not to!
They don't get the greatest of reviews those models...
They’re three or four years old now and were really Mercedes first foray into EV (discounting the B250E) so not the best range wise given the size of the battery.
They are what they are though and if a 200-220 mile range is good enough for your needs, will serve well and be very familiar for anyone used to driving Mercs.
That’s a huge drop!
Circa 60% drop for a 3 year old slightly leggy ex-company luxury SUV doesn’t sound that untypical to be honest, the recent artificially high prices were an unsustainable bubble.
If such a vehicle is on your shortlist though, sounds like a good deal!
It’s what we all wanted to happen isn’t it, used prices to drop back to where they should be?
Before all the covid madness I remember Autocar (I think) citing the value of new cars at 3 years. IIRC most cars were in the 30 to 40% of list range with a few in the low 40s and very, very few over 50%. We definitely seem to be getting back to those sorts of new vehicle depreciation. Long gone is buying a new run-of-the-mill car and selling it for much the same after a year's ownership.
For someone like me living in a city with an average 8 miles a day buying something like the EQC does seem to make sense. I bought my current 2011 Octavia on 63k 8 years ago and am just over 96k now! I rarely travel more than 200 miles in a single journey. £26k much more palatable than £35/40k. Pleased prices are normalising.
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