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Residuals
WB
WB

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Joined: May 2011
Location: London
Post: #11
RE: Residuals

(21-06-2012 05:22pm)defender_uk Wrote:  err....could never do percentages!! lol
it was low 30K for e 5 dr prestige lux with 10k miles.

Ouch - I bet they'd be selling that for very close to £40k! If you're anywhere near London I'd sell it for you and split the difference!
21-06-2012 10:34pm
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THEMACS
 

Posts: 835
Joined: Sep 2011
Location: North West
Post: #12
RE: Residuals

Well seeing as many of the banks have just been downgraded, you can expect most assets to depreciate like a stone as no bugger will be able to buy one as the banks won't be able to lend!! Well probably not that bad yet but it doesn't seem to be getting any better..... What a Wholly Global Mess, it's a fricking Joke!

Orkney Grey 5 Door Prestige, Manual SD4, Vibe Interior, Panoramic Roof and Privacy Glass. Order Placed 2/7/11 Picked Up 17/3/12, Gone 10/5/14
21-06-2012 10:46pm
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smayo
 

Posts: 188
Joined: Feb 2012
Location: Birmingham
Post: #13
RE: Residuals

Something that no-one seems to have mentioned is that the dealers need to make a profit, so they will by necessity only offer you what they can sell it on for less their standard profit margin.

They also have little or no incentive to take second hand models right now. For these they will not be able to guarantee a level of return, whereas the new ones are practically walking out the door and since there is currently no discounting in the UK (and extremely little overseas), they have a guaranteed level of return and no hassle, so why fill up the forecourt with second hands when they can make plenty of profit off new orders?

Sure they will take a second hand from you, but only so long as they can make a very good return on it to make it worth their while, so I am not surprised at all in rubbish part ex prices.

Ordered 17/2/12 Dynamic SD4 Auto 5dr, Mauritius Blue, Pan roof, 20" style 6 (gloss black), Vortex, Ebony Headlining, Ent Pack, Heated St. Wheel, Homelink, Pr Glass, Auto Dim r.view mirror, spare wheel
24-06-2012 09:49am
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Straydox
 

Posts: 583
Joined: Nov 2011
Location: Warwick
Post: #14
RE: Residuals

Smayo - You make a very good and valid point and perhaps I should add the the used car market in the UK is still deeply troubled and almost nothing is holding its value. It was the flaky state of the used car market 3 years ago that prompted me to go down the private contract hire road for the last car and step even further back and take my RRE as a company car this time around.

It seems that for the first time in about 15 years (for me anyway) that having a company car and taking the income tax burden actually made economic sense.

Delivered 15th May 2012, rejected and returned 4th Feb 2013 - SD4 5 door Prestige manual with a bucket full of rattles Mauritius Blue. Crazy Audi MY2020 RSQ3
(This post was last modified: 24-06-2012 12:28pm by Straydox.)
24-06-2012 12:25pm
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THEMACS
 

Posts: 835
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Location: North West
Post: #15
RE: Residuals

(24-06-2012 12:25pm)Straydox Wrote:  Smayo - You make a very good and valid point and perhaps I should add the the used car market in the UK is still deeply troubled and almost nothing is holding its value. It was the flaky state of the used car market 3 years ago that prompted me to go down the private contract hire road for the last car and step even further back and take my RRE as a company car this time around.

It seems that for the first time in about 15 years (for me anyway) that having a company car and taking the income tax burden actually made economic sense.

The income tax is way less than actually paying for the car! A company car is always going to be cheaper for an employee, unless you own the shares in the company that is.

Orkney Grey 5 Door Prestige, Manual SD4, Vibe Interior, Panoramic Roof and Privacy Glass. Order Placed 2/7/11 Picked Up 17/3/12, Gone 10/5/14
24-06-2012 10:41pm
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Straydox
 

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Location: Warwick
Post: #16
RE: Residuals

(24-06-2012 10:41pm)THEMACS Wrote:  The income tax is way less than actually paying for the car! A company car is always going to be cheaper for an employee, unless you own the shares in the company that is.

True, though I gave up on buying cars with real (my) money 3+ years ago - when it finally dawned on me that the depreciation/risk were unacceptable and that it was rather brighter to effectively rent a vehicle for a pre-agreed time period/mileage without any residual value worries than buy.

Delivered 15th May 2012, rejected and returned 4th Feb 2013 - SD4 5 door Prestige manual with a bucket full of rattles Mauritius Blue. Crazy Audi MY2020 RSQ3
(This post was last modified: 24-06-2012 11:58pm by Straydox.)
24-06-2012 11:57pm
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mark_n
 

Posts: 1,720
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Post: #17
RE: Residuals

All depends on whether you sacrifice salary by having a company car. If the company car is available to you for no change in your salary, then of course it is worth it. If, however, you sacrifice salary by having a company car (or, conversely, do not then receive an allowance in lieu of a company car), the position gets less clear.

Effectively renting a car for 3 years can make sense, especially if you do all the miles you have paid for and have something better to do with the money you would have locked up in the car in the meantime. A big factor will always be the interest rate you pay on the money you are borrowing or the return, net of tax, you sacrificing on the money you are spending.

Mark

Evoque was great, now in an RRS SVR
25-06-2012 06:13am
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DaveR
 

Posts: 167
Joined: Sep 2011
Location: Ttt
Post: #18
RE: Residuals

Hi all,
I am looking to sell my Evoque over the next few weeks as my new one will be due in September, I am currently trying to work out a sensible price to ask for it, Looking at auto trader / fleabay etc the prices seem to be holding very well for certain cars (seems the 3 door manuals aren't holding up quite as well as 5 door auto's) but perhaps some of that is specualtive.

I'd be ineterested to hear what people think regarding the current resale/ residual values (especially anyone whos's sold recently)
(This post was last modified: 27-07-2012 07:49pm by DaveR.)
27-07-2012 07:47pm
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mark_n
 

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Location: London
Post: #19
RE: Residuals

Did anyone expect otherwise?

Mark

Evoque was great, now in an RRS SVR
27-07-2012 11:25pm
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WB
WB

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Location: London
Post: #20
RE: Residuals

(27-07-2012 07:47pm)DaveR Wrote:  Hi all,
I am looking to sell my Evoque over the next few weeks as my new one will be due in September, I am currently trying to work out a sensible price to ask for it, Looking at auto trader / fleabay etc the prices seem to be holding very well for certain cars (seems the 3 door manuals aren't holding up quite as well as 5 door auto's) but perhaps some of that is specualtive.

I'd be ineterested to hear what people think regarding the current resale/ residual values (especially anyone whos's sold recently)

I've had several conversations about this subject with dealers who are generally selling low mileage cars at pretty much list price for sensibly specced cars. Manuals and coupes however aren't holding values as well. Keep in mind lead times are still around 6 months and prices have gone up for most specs so if you've got a desirable spec you can probably sell it privately for between 95 and 100% of what you paid.

I'd suggest eBay classifieds (rather than auction) which I've had good results with and is better value than autotrader
(This post was last modified: 28-07-2012 09:00pm by WB.)
28-07-2012 08:59pm
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