Depreciation

[Kremmen]

I've been monitoring the Parkers website for some time just keeping tabs on what my motor is worth part exchange. Not intending any change till 2007 but just checking.

For the last 4 months it has been frozen at £15,300. I assumed that they had forgotten to update it or they only do it occasionally on this free service.

I looked yesterday and the latest figure is £15,000.

So according to them the IS didn't depreciate at all in 4 months and has only depreciated £300 in 5 months :)

However, According to the latest Which? magazine the IS is going to lose £11,470 in 3 years !!!! Could they be taking a model change into account ?

[Bob King]

Your better of gauging you vehicle price working from Parkers and What Cars site, i've been keeping an eye on my IS200 SE price for the last year, and its seems to drop about £100-200 a month.

Sometimes the site drops the price at the start of the month, other time towards the end, take a look at http://www.whatcar.co.uk/ :)

You may find the what car site a little more true to life :o .

[Bob King]

Just to give an idea of deprecation on the IS200 SE over a 13 month period, i kept an eye on both Parkers and What Car guides and the What Car guide is much more consistent.....

My car IS200 SE Auto, 2000 X reg, mileage then 22K....price is for Private sale values..

Dec..03.....£13500

Jan..04......£13500

Feb..04......£13500

Mar...04...------

Apr...04.....£12622

Jun..04......£12737

Jul..04.......£12672

Aug..04...------

Sept..04....£11783

Oct..04......£11194

Nov..04.....£11093

Dec..04.....£10665

Jan..05.....£10665

Seems the only time the prices stand still is Christmas and new year.

So it seems my motor has lost £2835.00 in a year ;) .

[d3fy]

It makes me I really get upset to find out my car has lost around 3k in just under 12 months.

[ColinBarber]

However, According to the latest Which? magazine the IS is going to lose £11,470 in 3 years !!!!  Could they be taking a model change into account ?

←

Is the Which? figure based on retail to trade-in price or retail to retail?

The Which? report was flawed as it had quite a few BMW and MB at the top but failed to take into account the extra money people send on options which you get hardly anything for at trade-in.

[Kremmen]

The figures were based on buying new and selling (trade-in I assume) after 3 years.

Mind you, they listed it as a Lexus IS200 V6 !!!!!!

Just looked at Parkers and a 3 year old (2002 on a 51 plate) is listed at £21,435 new with a trade in of £11,730 = £9705 loss.

Used my SE Auto as a base

[Mitch]

the What site says my car (SE on 52 plate) with 22500 miles is worth 12795 so if i put it for sale this week for £13500 coz i have the dvd sat nav aswell would that sound about rite?????

[ColinBarber]

That sounds a good price with Nav.

[Kremmen]

Just looked at a the Citroen Xsara

Cost new £11000

Estimated loss at 3 years - £8000

= worth £3000

:)

[Fmrl]

I lost a :tsktsk: load of money on mine - bought it from Lexus back in March for about £15k (but I did get a really good part-ex deal on my previous car - got 1k more than I paid for it). I just sold it to a dealer for £11k - that's £4k in less than a year ... and that's after quite a lot of shopping round. Maybe I would have got a lot more if I'd tried selling it privately.

Seems like once the IS200 is over 3 years old then they're not quite so desirable.

[whitie]

What about depreciation when the new Shape/Model comes out?

[squarehead]

Just looked at a the Citroen Xsara

Cost new £11000

Estimated loss at 3 years - £8000

:)

←

I agree with Kremmen, what we are forgetting is that other cars depreciate much more than the IS200! Don't forget that guys!

[javaboss]

I think that I'm deffo going to be up for one of the new IS200's when they come out.

Does anyone have any opinions on the best time to sell an existing car before the new one comes out? When does the 'big hit' with depreciation set in?

My IS200 SE Auto will be 3 years old in March '06 with about 15k miles on the clock by then. Should I just trade her in at the dealer if the new IS comes out around that time? Or perhaps sell my car privately 6 months before and drive the wife's car!

Advice welcomed!

[ColinBarber]

I lost a  :tsktsk: load of money on mine - bought it from Lexus back in March for about £15k (but I did get a really good part-ex deal on my previous car - got 1k more than I paid for it). I just sold it to a dealer for £11k - that's £4k in less than a year    ... and that's after quite a lot of shopping round. Maybe I would have got a lot more if I'd tried selling it privately.

Seems like once the IS200 is over 3 years old then they're not quite so desirable.

←

That is just the hit you take buying and trading in at a Lexus dealer. I bet you would have lost £3.5k if you traded in the next day.

[gears]

I have to intervene here guys. I bought a brand new Vauxhall Corsa for the missus a while back. It's an X-reg, (2000) NEW shape Sxi and cost nearly 9 grand at the time. Now, it's worth around 2,500-3,000 if we're lucky.

[MattCook]

I think that I'm deffo going to be up for one of the new IS200's when they come out. 

Does anyone have any opinions on the best time to sell an existing car before the new one comes out?  When does the 'big hit' with depreciation set in?

My IS200 SE Auto will be 3 years old in March '06 with about 15k miles on the clock by then.  Should I just trade her in at the dealer if the new IS comes out around that time?  Or perhaps sell my car privately 6 months before and drive the wife's car!

Advice welcomed!

Aye, I'm getting a little concerned that my 02 plate IS 200 Sport+Styling will be worth a lot less than I had hoped for when the new IS comes out. The dealer has offered me 12K part chop now at 50Kmiles

[mudzs]

well that what car site values my gs300 at £6000 so think i will be keeping it forever ,also gives my car 2 out of 5 for reliabilaty which is a load of crap as i have had it two years and it has not missed a beat

[Kremmen]

Just to add to this

Today, just checked again, one month later, and the P/X price is now back up to £15,300 !!!!!!!

I've appreciated :)

My parameters are IS200SE Auto 2004 on a 53 plate.

[Bob King]

I think with March just around the corner, we're going to see another drop in used car values :o .

[chib1177]

the thing is you try going into your lexus dealer and quoting the parkers trade price to them, they dont give a toss.

they offered me 2 grand under the trade in price for my wifes 4x4 the other day and only budged another 500 quid when pushed.

Land Rover offered 500 above the trade in price so i was well pleased.

i think we are in for a big shock when the new model comes out and loads of 2-5 yr old is200 `s suddenly hit the market.