Value Of A Year Old Car?

[Jezzer]

So what would you expect the residual value of a 10 month old car to be? My dealer is suggesting that it's currently worth about 53% of list price :tsktsk:

Good job I didn't pay list!!!

Should have added - this is an IS250 SE auto MM...

[Gra56]

So what would you expect the residual value of a 10 month old car to be? My dealer is suggesting that it's currently worth about 53% of list price :tsktsk:

Good job I didn't pay list!!!

Should have added - this is an IS250 SE auto MM...

I paid around 32K for a IS 250 SEL MM with acc in September 07. Offered £14k in September 08 with 25000 miles on the clock. I will run it until it dropd to bits!!

[dgman]

So what would you expect the residual value of a 10 month old car to be? My dealer is suggesting that it's currently worth about 53% of list price :tsktsk:

Good job I didn't pay list!!!

Should have added - this is an IS250 SE auto MM...

I paid around 32K for a IS 250 SEL MM with acc in September 07. Offered £14k in September 08 with 25000 miles on the clock. I will run it until it dropd to bits!!

i bet the dealer has none on his pitch with that level of depreciation.i am also going to keep mine until 5 year old and then i shall sell it privately and buy new without part ex.

[Jezzer]

So what would you expect the residual value of a 10 month old car to be? My dealer is suggesting that it's currently worth about 53% of list price :tsktsk:

Good job I didn't pay list!!!

Should have added - this is an IS250 SE auto MM...

I paid around 32K for a IS 250 SEL MM with acc in September 07. Offered £14k in September 08 with 25000 miles on the clock. I will run it until it dropd to bits!!

i bet the dealer has none on his pitch with that level of depreciation.i am also going to keep mine until 5 year old and then i shall sell it privately and buy new without part ex.

Well "fortunately" for me it's PCP'd and I didn't put in a deposit on it so it won't be painful to hand the car back at the end and make it someone elses problem.

[dgman]

So what would you expect the residual value of a 10 month old car to be? My dealer is suggesting that it's currently worth about 53% of list price :tsktsk:

Good job I didn't pay list!!!

Should have added - this is an IS250 SE auto MM...

I paid around 32K for a IS 250 SEL MM with acc in September 07. Offered £14k in September 08 with 25000 miles on the clock. I will run it until it dropd to bits!!

i bet the dealer has none on his pitch with that level of depreciation.i am also going to keep mine until 5 year old and then i shall sell it privately and buy new without part ex.

Well "fortunately" for me it's PCP'd and I didn't put in a deposit on it so it won't be painful to hand the car back at the end and make it someone elses problem.

that's good news,i suppose any new deal that you do will have a significant price increase buy the supplier to iron out their losses.