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Devaluation

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  • 18-11-2004 11:47am
    #1
    Pinkchick03
    Closed Accounts Posts: 509 ✭✭✭


    Don't even know if thats a word LOL

    Just wondering how much cars devalue (in price!) each year on average! I am buying a car in January and was thinking of the new shape megane (2003 and up) just wondering if they will go down much in price in the new year?

    Cheers!!


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    #2
    unkel
    Registered Users Posts: 65,397 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    Depends totally on car, year, etc. To get a good idea of depreciation, check new car prices on a site like cbg.ie and compare this to the same cars second hand in the classified section. E.g. a new Megane 1.4 is €20k, a one year old one is €16k*

    *figures made up - check for yourself!


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    #3
    Pinkchick03
    Closed Accounts Posts: 509 ✭✭✭Pinkchick03


    Thanks unkel! Will try that out!


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    #4
    DukeDredd
    Registered Users Posts: 653 ✭✭✭DukeDredd


    The rule of tumb usually is that "the bigger they are, the harder they fall".
    This certainly hold true with the likes of a Lexus LS400. Best part of €100K new but a '93 one nowadays could be bought for €4K!
    Smaller cars depreciate the least.


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    #5
    Pinkchick03
    Closed Accounts Posts: 509 ✭✭✭Pinkchick03


    So how much do you reckon a megane would depreciate? its neither bigger nor small ;)


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    #6
    mike65
    Closed Accounts Posts: 88,978 ✭✭✭✭mike65


    Depends on model, engine type/engine size, number of doors, goodie list, even colour has a bearing.

    Mike.


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    #7
    Snaga
    Registered Users Posts: 1,562 ✭✭✭Snaga


    Try www.carzone.ie

    Choose your car and bang, itll list used cars of that type sorted by year, so its easy to see how they devalue. Usefull tool for figuring out what you should be spending on a second hand car.


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    #8
    knifey_spoonie
    Registered Users Posts: 3,648 ✭✭✭knifey_spoonie


    Buy a hire drive(ex rental) now, or take a chance and hope there is one there next year, dont mind all the crap about americans driving them its still got a warenty for 2 years
    As far i can remember book value on a new model megane is around 15,500 give or take a few hundred


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