Luxury Car Resale Value

[Jester_Fu]

Being a car enthusiast, when i'm bored surfing the web i often find myself looking over Carsales and checking car prices and whats floating about. There's a really obvious trend, IMO, that cars over $100k when new drop value like a hooker drops skirt at the sign of a $50 note.

What do you recon the worst car for resale is? I found this one:

http://www.carsales.com.au/all-cars...247 1252 1282 4294963765 4294963711&silo=1011

Over $50k drop in value after only 18months. Hate to have bought that new.

Or this one:
http://www.carsales.com.au/all-cars...247 1252 1282 4294963711 4294963765&silo=1011

Huge drop.

Mercs? Nope...
http://www.carsales.com.au/all-cars...1216 1247 1252 1282 4294955419 1090&silo=1011

BMW? Same fate... bye bye 40-50k after 12 months or so.
http://www.carsales.com.au/all-cars...82 4294966879 4294729565 4294967079&silo=1011

Audi suffer the same fate - i know mine was over $30k less than it's new equivalent at only 6 months old. Modded cars also seem to suffer more than their stock counterparts...

So, what do you recon? Is this soft second hand market a reflection that we're paying too much for these cars new?

Or is it a good time to buy used luxury?

 

[YouSnooze]

Ouch! That first Gayman sure must have hurt the owner. Can't imagine they possibly got $50K of fun out of it in only 18 months. Interesting number plate.......

 

[nath_mkVI]

I think its a factor of the second hand market that people expect a big price drop for a second hand car combined with the overall inflated luxury imported car prices in the first instance.

I guess people dont want to layout big $$ on a second hand car when they can get a new car for the same $$ so to get a sale the price needs to be a little less I guess. sucks, but if you're willing to buy a used car it can be a good thing.

 

[Jester_Fu]

^But the drops are huge! 50k is more than 1/4 the value of the first car in 18 months. Only 5 years ago you could expect, reasonably, a 1/3 drop over purchase value on a lot of Euro car's after 3 years. These examples are far worse.

They're effectively new cars because they all either have factory warranty or factory extended warranty so it's not like you're buying a used clunker you'll need to spend coin on.

And i agree about the 'fun' for the price drop. You can buy a lot of coke and hookers for $50k. I think more millage = more enjoyment for you buck, but that also hurts resale. It's nice to have owned cars like these, but $50k is the price of a new Golf GTI or Renault Clio Sport...

 

[apmitchell74]

All cars loss value. It's a fact of life! The more expensive the car the bigger the loss.

 

[10d]

Ouch! That first Gayman sure must have hurt the owner. Can't imagine they possibly got $50K of fun out of it in only 18 months. Interesting number plate.......

Ditto.
Car looked familiar too

 

[bwen]

I guess with the whole 'cheap 2nd hand' car market makes it good for the general consumer who doesn't want to fork out huge cash for a brand new car every time he/she shops around. I'm looking for a 'new' car at the moment, max $120k but trying to keep under $100k. Not sure what I want yet, those cars you posted up above all look very enticing

 

[johno]

I knew he sold it. Why not just admit it.

Maybe jester a lot of Porsche owners buy them and then realize you can get plenty of car for a lot less or perhaps they just can't keep up with maintenance costs. Either way it be nice to have owned/driven a Porsche at some stage in life.

 

[2.0tdi]

Isn't the first porsche cayman member capercat.

 

[johno]

Yes Roberto. I remember many motoring journos commented at launch of mkv gti that it gave you same driving pleasure and fun factor as a 911.

 

[biggee72]

Any cadillac or jaguar.

 

[cwhite09GTI]

My mom made my dad return his 993 cab (black on black on black) after 3days back in the 90s....he lost...meh decent...went with a S500 lease instead...he said she would go next instead.

3 years later he bought a '97 993 cab in white, blue top blue interior.

 

[Capercat]

All cars loss value. It's a fact of life! The more expensive the car the bigger the loss.

Ditto, cars' are not investments so it's important one understands their position in life before they begin to play...

Price hit's aren't too bad if you manage to retrieve the balance when upgrading to a near new used car :wink:

 

[Jester_Fu]

Isn't the first porsche cayman member capercat.

You're right - i didn't realise at first. Well, that explains why the 'new worlds best drivers car' is the Clio Sport...

 

[YouSnooze]

Price hit's aren't too bad if you manage to retrieve the balance when upgrading to a near new used car :wink:

Hmm, interesting logic. So losing $50K FEELS better when you lose LESS with your next loss making purchase??