Welcome Guest [Log In] [Register]
Welcome to the Dorset Japanese Old Crew. We hope you enjoy your visit.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.


Join our community!

If you had membership on the Original DJCC Forum then that account should still be active on this forum and you can log in below using your old username & password.

If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
Car Depreciation Rates Worsening
Topic Started: Mar 13 2008, 09:19 AM (89 Views)
rob99
Member Avatar
Dead rising
[ *  *  *  *  * ]
Quote:
 
The current economic uncertainty, coupled with green taxes, are making car depreciation rates worse, according to motor industry analysts.
Analysts Eurotaxglass's have told the BBC the value of used cars will fall by an additional 8% this year.

Big family cars, which traditionally lose most value, and four-wheel drive vehicles are worst affected.

By comparison, say the experts, fuel efficient cars and smaller vehicles are holding their value better.

Slowdown

New cars automatically depreciate in value the moment they leave the garage forecourt.

The warning from Eurotaxglass's suggests that the increased cost of borrowing, stagnant house prices and the credit crunch have now spread to the car market.

But the experts are warning consumers to take account of resale values when purchasing a vehicle in order to avoid any nasty surprises down the line.



Source
Everyone you meet is fighting some kind of battle.
Peter David Edwards. 15/10/1947 - 26/05/2008. R.I.P.
Offline Profile Quote Post Goto Top
 
sparky
No Avatar
Doesn't have a home to go to!
[ *  *  *  *  * ]
When we went to get neils car in Manchester I saw a 2003 ford Focus estate TDI for 3k on a garage forecourt lol. Now thats cheap imo! :P
Posted Image
Offline Profile Quote Post Goto Top
 
Andy
Unregistered

on radio 1 today they gave an example of the depreciation rate on a brand new car 1 year later.
buy it brand new from the showroom £30k
sell it 1 year later value £10k

i think car sales will start to fall very soon with all the new taxes etc, people just won't want to buy unless they are rich and famous, but even they might find it abit annoying.
Quote Post Goto Top
 
Jap-Lover
No Avatar
Here to stay
[ *  *  *  * ]
bit people will want to buy older cars, so it could make the older cars worth more as they will be cheaper to tax!
[GK-customfield]Dave[customfield-GK]
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · General Car Chat · Next Topic »
Add Reply

Free Domain Name Registration