bobthebodger

Bought my dream car at the time, escort rs turbo with all the trimmings for £3200 off ebay...yeah yeah i know. I arrived in scotland from manchester in the dark on the train..**** me what a journey!! picked her up and drove my new pride and joy home thinking what a bargain ive got. Got up the next morning and checked her over, fantastic body with gleaming paintwork looked really nice...then looked underneath the bitch, wtf ...ive seen more holes in a spotty persons face!!....rot was everywhere, lost £1000 in the matter of a few weeks...not much to some people but alot for me, i just got a £1500 bank loan for the piece of ****.

All came good in the end though, bought a nice vr6 golf and swapped it for the mitsubishi shogun which was then smashed into outside my house by some young freak in a company van, wrote mine and his off....yeahhhhhh quality, best thing that ever happened to me .....£3k outlay turned into £5k, book price was £5k and now i own my £4.5k scooby.

Bob

wheelwright

13 quid worse off, over 2 years ya lucky barsket!!

wheelwright

Ps, i lost 11k in 8 months on a P1 from new!!

salsa-king

£11k in 8months???????? how????????
they still get £15k now!


Phil

wide

I seem to lose a grand or more every time I change a car, had 32 cars so it must be adding up over the years

Floyd

iTrader: (9)

Most cars lose money but only when you sell 'em.

What I haven't seen on this thread is the money people lose on finance interest on top of the depreciation

I dread to think what sort of loans some peeps have on here... Imagine having bought new with a PCP deal and then wanting to change a year later

F

Floyd

iTrader: (9)

Adding neons will kill any cars value IMO

F

mart360

Potentialy £170 on ebay!!

bought 2 items, one gone missing in post, the other i cant confirm at the mo whether it has been sent.


not a happy bunny


Mart

lordretsudo

My Scooby is by far the worst car I've had in terms of depreciation. I bought it 9 months ago from a dealer for £17,500 and it looks like it's worth about £13,000 now The MR2 Roadster we also have has lost about the same amount in going on 3 years...
I still love the Scoob though

salsa-king

but it makes them faster! lol

205gti

Never lost money in cars but i've always bought second hand not new!

I have however lost £4000 in buying my R6 which at the time was a ex-demo 3 months old!

Think the problem is buying something that is under 3 years old you seem to lose everytime!

Petem95

But theyre trading again now, and the shares arent looking that bad.

I lost about £1000 in shares in a company which went bust.

Also lost £1200 when I was accussed of damaging a works van. The damage was on it when I borrowed it, but I couldnt prove otherwise and got stitched

Most Ive lost on a car was £350 on a 205GTi after 10months, however Im about to buy a newish car to use for a year or so, so expect to lose £1000-1500 on that.

Steve777

iTrader: (8)

After the hit i took on my 03 STi i won't be buying another one. and it was more than Phil (salsa king lost). Look in the glasses guid. I'm afraid to say it but residuals on Subaru's are very very poor after 2 - 3 years Big shame really as this has only been the case since they lifted import restrictions on them around 2000.

porkerboy

How about this:

Brother bought a brand new Tamora - ran it for 8 months and 4K miles.

Bought for £39K - part exchanged for a boxster, trade in was £24K !!

Anyone beat that?

crush her

If they are going for 13k /14k surely that's average depreciation? I saw an 03 STI last Jan for £11k ! It seems a lot of people can't afford to keep them, then ditch them for silly money!

BTW I have a 53 STI PPP bought for £23k new, now it's taken its biggest hit I will be keeping it a few more years (only 15k miles on it)

TonyG

Biggest so far? Probably 9k on an Alfa 146, over almost 5 years. Not bad going really. After that, it's probably going to be the Scooby. Bought it new in 2001 for 19k, so I suppose it's 'lost' some 11 - 12k in that time. Of course, it's only a loss when I sell it.
House not doing too badly though, bought it off my Dad for about 15k many years ago. It's now worth about 90...

Steve777

iTrader: (8)

No thats average depreciation for a Scoob, which is very poor in trems of % loss against other cars.

i.e

A new scoob after 3 years is worth 41% of its original value

an S2000 (similar price +- 1k) is worth 63% of its original value

My point is that a new scoob compared to others is a very poor depriciator and even more so since they lifted the import restrciations on them. I bought my first scoob in 97 for 20.5K and then part chopped it in at 19K. Only 1.5K loss in 18 months. At that time you were waiting anywhere betwen 6 - 9 months for a new one, now they are off the shelf. Don't anyone kid themselevs scoobs are very bad depriciators. I should know Ive had 4 new ones and won't ever probably buy a new one again.

As one of the previous posts said you can buy an 03 sti for as little as 11K ? Owning a scoob is hardly exclusive these days is it ?

And as others have said if you do buy one keep it for years and take the hit but enjoy the car.

Steve

crush her

I think you mis-read my post, I saw a 53 plate STI, last January 2005, so it was only 1 year and 4 months old and someone had it up for £10995...At the time others were up for £17-18k! At the end of the day, cars are not an investment, it's only money !

Robbie T

iTrader: (8)

Unlucky mate, just to rub it in though i bought my mint low mileage Escort RS turbo off an old fella who'd had it since new for £2200 and sold it a year later for £3100. That's a right touch

Castrol

Interesting... Sold a 3.5 yr old one with 55K miles for 52% of the new price I paid for it. To a dealer too - must've robbed him blind I guess. As said before, I've always sold/traded in, each of my 6 previous Imprezas for decent money.

With so many warnings in Scoobynet about how fast Subarus depreciate, how expensive they are to insure/service/fuel, how badly built they are, how slow, how lousy they handle, how easy to steal/hijack etc etc, I'm surprised anyone buys them...

scoobynutta555

The thing is though, you'll get a decent trade in price on your Subaru if you're going to buy a new Subaru (I'm assuming your using Subaru dealers each time, although your post doesn't make this clear). The trouble you're going to have is when you wish to change marques and you'll no longer have the option to trade into a Subaru dealers, you'll then see the true value of the car. Call up your local dealers and ask for a cash price, think youll be shocked.

dazdavies

iTrader: (22)

£12K on a TSL Engine rebuild that went bang due to my own stupid fault.
Cocked up gear change going from 4th to 5th but hitting 3rd by mistake. Damn those six speed boxes. It blew the engine to bits.

Nasty stuff!!

stann01

????? 1952?? who said anything about 1952!! what you on about

GrahamG

Lost about 3k on 2 MR2's. Both were Red and needed repainting.... Don't know why i bought the second... still trying to work that out.

Made up by last 3 car's. All imported from Japan, kept them for 6 months and still sold them for a tidy profit.

woolz

lost 17k on a dc5 when my insurance didnt pay out!

salsa-king

eeeekk... was it a 22b?

salsa-king

why?

Phil

Budgie

iTrader: (4)

a company owed me 36k and refused to pay
spent 9k on legal fees
then they folded
lost the lot
45k in one phone call

budgie

Castrol

Already done it - several times! 52% for the 3.5yrd old/55K one was at a Seat garage - for a Seat. We got a better deal from a Ford dealer than a Subaru when trading a 5dr WRX, and got just £400 more when trading the last WRX PPP for the current STi UK PPP, than was offered on a 350Z. Hardly an earth shattering difference, as the price I'd negotiated from the Nissan dealer was already excellent.

We've bought 26 new cars since 1984 and have become quite good at getting good deals.

Castrol

Oh, and we sold one Scoob for cash...