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One Year Old ....depreciation Percentages


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#1 catch

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Posted 01 August 2010 - 10:17 AM

OK, Fords are overpriced in the first place and there are big discounts to be had off new motors but still. At Motorpoint you can often see year old Focus's at 50% discount to new.

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#2 dp1987

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Posted 01 August 2010 - 05:09 PM

OK, Fords are overpriced in the first place and there are big discounts to be had off new motors but still. At Motorpoint you can often see year old Focus's at 50% discount to new.

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I know its crazy how quick they loose there value. :blink: . I was looking the other day at a 2 year old 2.0 zetec in black but it was modified to look identical to the 2.5 ST u couldnt tell it apart if u tried. And it was only £7000 :o . Compare that with something like a new zetec its about £7000 cheaper in 2 years :wacko: . Anyone who buys a brand new ford outright is crazy :)
The majority of new fords on the road "mainly fiesta's and the Focus" are young kids getting them on the Options and just returning after the 18 months or Motability scheme from there nan or grandads mobility allowance. :angry:

If i purchased a new car which im hoping to do when im back working full time i would lease one. Its the most popular scheme at the moment.
Leasing sites now offer a brand new BMW 3'series or Audi A4's for around £290 a month on a 2 year contract. Thats including tax and warranty if anything goes wrong with it. :)


#3 ford focus edge

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Posted 01 August 2010 - 05:37 PM

The best deal is company car's my dad had them for yearssss had a 2000 w reg st200 mondeo it was about 250 a month including insurance, servicing, parts you name it, it was included. The list was huge aswell and ranged from things like 106's to evo's if you had the money they had the cars lol.

Nearly all of my friends have things like 06 astra sri's 08 plate focus zetec's etc etc all on bloodey finanace so i get ripped on for having an 04 plate focus but i can always say "at least i own my car" HAA finance is never a good thing you always end up paying over the odds and locked into some form of deal.

Personally id never ever buy a brand new car unles it was something truley special like an RS or even an ST purley because people thrash them and the pre-reg delivery miles models have been ragged by the dealer's staff.

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#4 sirk

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Posted 03 August 2011 - 02:57 AM

Buying a new car is expensive. Leasing a new car is not. Leasing a car is a great idea for short term drivers, like three years or less. This is because you wind up not shelling out as much money as you would for a new car Ė the catch is, you donít have any car after that.

#5 cuke

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Posted 03 August 2011 - 07:58 AM

Hi,ok I purchased my Mk4 Mondeo for £18k brand new, three and half years later a dealership has offered me £9.5k P/X, that's a residual value of over 50%. With Fords things are improving as the Foci's were never known for build quality or refinement, with the new Mk3 I expect a better residual than of previous models.
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#6 cuke

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Posted 03 August 2011 - 08:01 AM

Buying a new car is expensive. Leasing a new car is not. Leasing a car is a great idea for short term drivers, like three years or less. This is because you wind up not shelling out as much money as you would for a new car Ė the catch is, you donít have any car after that.


Hi, thus you will have paid out all that money per month and no equity to show for it, how does that make anything better?
Chris

#7 cyb

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Posted 03 August 2011 - 10:03 AM

Leasing sites now offer a brand new BMW 3'series or Audi A4's for around £290 a month on a 2 year contract. Thats including tax and warranty if anything goes wrong with it. :)


Buying a new car is expensive. Leasing a new car is not.


if your paying £290 per month thats nearly £7000 over two years £10440 over 3, keep the car for 4 years and you've paid out £13920 and still don't own it or as Cuke above says "you have no equity" to move over into your next car.

Leasing is often hard to get unless your are a business or self employed. You might also find you have a milage clause where you can only travel 10.000 miles or less per year any more and you suffer extra charages.

Leasing often sounds good but unless you are able to write off the cost by being self employed is seldom the best way.

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