View Full Version : Average car depreciation
Dolby
13-02-2008, 08:55 AM
Is there an average car depreciation to work, assuming average mileage?
Say for example I bought a used 2006 Yaris now and sold it in 5 years. Is there an average way to calculate what I'd get for a 6 or 7 year old Toyota Yaris?
xrapidx
13-02-2008, 08:58 AM
I think it depends on the car make/model.
I usually use the mead value (http://www.mead.co.za/estimator/estimator.exe?company=stannic)and calculate what it'd be worth.
Yip!! Lemme find the link....
jetpacman
13-02-2008, 09:01 AM
Yip!! Lemme find the link....
http://www.mead.co.za/estimator/estimator.exe?company=stannic
:p:p:p beat you
try changing the "company=" bit, I tried absa and got a different style
The problem is that it doesnt help you see what a Yaris will be in 7 years time.
Expect the value to be very low, perhaps dropping by as much as half or at least a third of the value. No car is an investment and the whole system operates so that you won't get all your money back. That is why some places even garuntee you 50% repurchase price after 3 years. Makes you think we are all being taken for a ride.....
xrapidx
13-02-2008, 09:07 AM
Its in my post? i.e....click the mead value...
So I beat both of you :p
theratman
13-02-2008, 09:12 AM
I think its around 10k a year,but it depends on make and model ofcourse!
Bah, my car's not listed on there.
xrapidx
13-02-2008, 09:14 AM
Bah, my car's not listed on there.
If its a doulbe cab, try under Light Commercial.
My car only lost 25k in 5 years!!
Thats good right?
The Velo lost 12 k in 3 years, also good IMO.
xrapidx
13-02-2008, 09:17 AM
My car lost 50% in four years.
If its a doulbe cab, try under Light Commercial.
It aint a double cab.
My car lost 50% in four years.
RSI?
It aint a double cab.
You gona have bad resale on your car... :o
xrapidx
13-02-2008, 09:22 AM
RSI?
2000/1 Toyota Hilux R/B Double Cab 2700i
You gona have bad resale on your car... :o
Thing is, I bought it 1 year old with 15 000km on the clock. Paid R89k compared to the new price of R145k. My reasoning is that the car's taken the big depreciation knock already so I shouldn't have to worry too much.
Dange--Russ
13-02-2008, 09:27 AM
Wont let me enter the amount of kilo's on the car. anyone using firefox?
xrapidx
13-02-2008, 09:31 AM
Wont let me enter the amount of kilo's on the car. anyone using firefox?
Depends on the age of the car I think.
Dolby
13-02-2008, 09:32 AM
RSI?
RSI's don't depreciate by that much.
Bought my first at R72,000 and TRADE 5 years later at R42,000.00
My current I bought at R200,000 and it's TRADE is R142,000.00
I think it's pretty average
jetpacman
13-02-2008, 12:30 PM
Thing is, I bought it 1 year old with 15 000km on the clock. Paid R89k compared to the new price of R145k. My reasoning is that the car's taken the big depreciation knock already so I shouldn't have to worry too much.
Has it had any other knocks, because that seems like a big drop.
Dange--Russ
13-02-2008, 12:33 PM
If anyone has spare time to see if they can get the amount for a 2007 opel corsa utility 1.4i club with 15300 on the clock and in excellent condition pls.
(under light commercial)
I dont think firefox likes it
xrapidx
13-02-2008, 01:57 PM
If anyone has spare time to see if they can get the amount for a 2007 opel corsa utility 1.4i club with 15300 on the clock and in excellent condition pls.
(under light commercial)
I dont think firefox likes it
Broken in IE too.
riscbroker
13-02-2008, 02:02 PM
I don't think that site is updated for 2007 models, from any manufacturer. Seems to work fine for any year prior to 2007.