RCZ Depreciation Issues

[Anonymous]

Does appear that the HDI versions hold the value the best. The 156 seems to always be sold at a lower price. Might just be down to the fact it was cheaper to start with.

 

[Abzynthe]

Parkers recon I can get 10600 for mine trade in. And mines one of the oldest lol

 

[Anonymous]

^is yours a diesel?

 

[Abzynthe]

Yeah it is Thats still a 5k depreciation over a year though.

 

[Anonymous]

^. That's utter rubbish. If you got yours new or nearly new you have lost the biggest bulk of the money already. If it's a good car keep it.

Given that I'm talking from personal experience then I can tell you that it's not utter rubbish. I bought mine new and, of course, the biggest chunk is lost in the first years of ownership. All new cars lose their biggest chunk in the first three years hence why car magazines generally detail depreciation in the first three years. Also because this is the point at which many new car owners will change them.

Yes by all means keep a car if you're happy with it but many owners want to move a car on at the point at which the car is no longer covered by manufacturer nor dealership warranties. At this point, as things inevitably start to fail or need replaced, the car will begin to cost you more and more money in it's upkeep. Furthermore, when it does come to the time to change the car then you will find that you have far more cash to stump upfront/borrow against any vehicle being purchased against a trade in.

Car ownership comes from the head AND the heart...unless you are one of the fortunate fee for whom money is not a consideration in such matters. To argue any differently is naive.

 

[Anonymous]

^. That's utter rubbish. If you got yours new or nearly new you have lost the biggest bulk of the money already. If it's a good car keep it.

But many folks now will be getting their new cars on "deals" and there will come a point where the value of the car outweighs the amount owed so it would be prudent - regardless of how much you have lost - to trade in then.

For what its worth, my 2nd RCZ, a '11 156 GT with satnav cost under £12k from a Peugeot Dealer with 14,000 miles on the clock... so I dare say the trade in value the woman got was under £10k...

Shop around... theres no hard % that you will get... it seems to vary greatly. :beer:

 

[Anonymous]

People who think like that will just have a loan around their knecks forever. Yes your quite right that typically by the time you have paid for the car its not worth anything.

E.g. My RCZ is coming up to 3 year old

Cost New £27k
I bought it at 1.5 Years old with 8K on the clock from £16850

Therfore the first owner lost over 10K because of VAT and Depreciation.

I got a value on mine at 13.5K after owning 1.5 Years. So I have lost £3350 in 1.5 Years.

If I keep my car for another two years its going to loose far less than that of a new one.

I do agree though that they come to a point where its best to get rid before they become worthless.

 

[Anonymous]

Think it's getting awfully close to the time that you have to make a decision whether to hang on to the RCZ or say goodbye before you're offered a pittance for it. I sold mine (as you know) in April and got £14.5 for mine. I'd have been gutted to have let it go for much less. However, what was more important to me was the cost to change.

I dearly hope that you can get something sorted that you're happy with Jactac as I know that you've been looking around for some time now. I'm astonished at the cost of that Cupra!

That is the problem Rizzo,
do we hold onto what is basically a barely run in car and keep it a few more years just adding mileage, or take what I think is a bit of a kicking and get shot of it now before it devalues anymore.

The ideal thing would be for my son to take on the Z and I would part ex his beemer, or even possibly hold onto the beemer for myself, but unbelievably he's not that interested in the Z, not even as a swap :roll:

I appreciate his honesty though, as theres no point in just taking on the Z just because I dont want to see it go to someone else.

 

[Anonymous]

£28700 for a seat though all the reviews kept going on about how they where 5 grand cheaper than golfR that's only a gran less.

 

[hanswuk]

That is the problem Rizzo, do we hold onto what is basically a barely run in car and keep it a few more years just adding mileage, or take what I think is a bit of a kicking and get shot of it now before it devalues anymore

What you've got to remember is that whatever you buy in it's place is also going to depreciate, maybe even more than the RCZ (depending on how much you spend on the replacement)!

 

[thornebt]

I bought my 2011 1.6 156THP on 1st May from Carbase for £12,299. It did have just under 40,000 on the clock but is automatic which seem to be a bit more expensive. Apart from the usual stone chips I think it's just about perfect. Love the car! Prefer the front of the later RCZ - perhaps I'll p/x it in a year or two if the Peugeot dealer is interested in doing me a deal.

 

[Anonymous]

For me, buying nearly new was the best way to avoid an absolute punt in the danglers. I lost almost 10k on the car in two and a bit years but the VXR I replaced it with lost almost 12 within about a year and a half! Jactac, it is a tough call. I was having a number of problems with the car and innumerable ones with the local dealer network and decided to cut my losses. Good luck in your quest and keep us posted!

 

[smarty]

I was told my rcz was worth14500 for my 63 hdi gt , 3000 miles, :thumbdown:

 

[Anonymous]

I was told my rcz was worth14500 for my 63 hdi gt , 3000 miles, :thumbdown:

VAT is 20%, so that is a hell of a whack to come off straight away. Just think one fifth of it's value lost immediately you drive off :thumbdown:

 

[Anonymous]

I think what is clear is that the RCZ has to be a top contender for anyone looking for a good looking car that comes with a bag full of toys, and is priced very competitively in the used market..

Its just a bit of a shame that buyers who bought/buy new seem to take a bit of a kicking compared to some other marques.

 

[Abzynthe]

It may also be down to demand. There are a hell of a lot of RCZs for sale on the used market.

 

[Anonymous]

Its just a bit of a shame that buyers who bought/buy new seem to take a bit of a kicking compared to some other marques.

We who bought new and early release RCZ's certainly paid a much higher price than those buying new today. :thumbdown:

 

[RCZ1]

I think what is clear is that the RCZ has to be a top contender for anyone looking for a good looking car that comes with a bag full of toys, and is priced very competitively in the used market..

Same can also be said for the new car market too. The RCZ comes with a lot of toys as standard compared to many others, even in the same price range.

Its just a bit of a shame that buyers who bought/buy new seem to take a bit of a kicking compared to some other marques.

I don't believe this to be the case. A lot of marques are losing money on second hand cars at the moment. There are big discounts to be had at the moment on used cars. The 14 reg plate has seen a big uptake, more than recent years so there are a lot of used cars on the market at good prices.



Blog: http://rczandme.wordpress.com/

 

[Anonymous]

Just part ex'd my 61 plate 200GT with 35k on the clock and had to work hard to get 10.5k. Good job I buy a car to use, enjoy and have fun with and not as an investment. Unless you are going to buy a super rare car then every car is going to cost you money, simples. As long as you're happy ish with the price at the time you're getting rid then so be it.

 

[Anonymous]

This is also a warning to those who buy on pcp.If you can afford to buy new and take the dunt then do it.Fact is that a new model on the road is what folk want.After a while the novelty goes and they move on. This gives the people who cant afford a new model to get in. I mean cars like the RCZ here, being a model that will still interest folk over the years. Volkswagen found this out when they took too long to introduce the new beetle to uk. It led to lots bringing in lh drives.By the time they brought in rh ones, the novelty was gone.Then they had to introduce a kind of facelift which will sell very little if at all. These models are in a market for people that want a new thing now and not yesterday.A fad of the time, and depreciation lets others in at a later date. If you want to avoid depreciation at its extreme then dont buy new.Just buy second hand and lose the kudos of having the first ones on the road im afraid.The NEW car market is only for totally new design,the second owner or pre reg market is what most paople now will enter into.Why would you want a new 508 or such,or in fact any other model in the Pug range.The RCZ will hold its own,well at least to a NEW design comes along,and it all starts again.
Moral is..Only buy proper innovative design and you will have that exclusivity for maybe 3 years max.Buy pre reg if you buy run of the mill family cars.