The Car Depreciation Awards: Post Yours

[Brenden_E]

I'll probably win this with the worst value.

1) 2013 Citroën DS5 2l diesel
2) Purchased new July 2013
3) ±R420 000 (finance Amount was only R350k after taking into account the trade in)
4) Will be lucky to get R150 000 if I sold it privately today.
5) Car will be paid off in 5 month time.

Here's the million dollar question - why did you do it?

 

[Sinbad]

1998 Mercedes ml320
Bought in 2013 for 52000
Insurance value now is in the region of 100k
Positive equity from day 1

 

[AchmatK]

Here's the million dollar question - why did you do it?

Love the DS5. Still drives like a dream.

 

[SykomantiS]

Where can I find trade-in value (without phoning a bunch of dealerships to try and find out).

1998 Mercedes ml320
Bought in 2013 for 52000
Insurance value now is in the region of 100k
Positive equity from day 1

How, auction?

 

[Sinbad]

Where can I find trade-in value (without phoning a bunch of dealerships to try and find out).

How, auction?

Friend of a friend needed to sell. Needed cash buyers due to age of the car, so his price was low. Knocked him down some more because there was some stuff needed to make car roadworthy.

 

[Foxhound5366]

Ok guys, data is no good without graphs, and we've had an amazing mix of vehicles (thanks for that - I'm going to keep updating this as we go!).

This is pretty fascinating for me

I've discarded two outliers (people who bought impossibly good secondhand deals), and to try get an 'apples-to-apples' figure I've used a simple formula: (Retail Price - Trade-In Price)/(Time in Months) = Average depreciation per month

NB: New cars depreciate faster than older cars, and a lot of the cars here are secondhand cars (so their depreciation curve was softened by the original owners taking that first knock). To get the 'full' picture, refer back to the original post (number included alongside each car) in the raw data below.




Moral of the story: buy a budget car and you'll suffer less depreciation, or just drive it for long enough to beat the depreciation curve. That Volkswagen Golf R though, ouch!

 

[Sinbad]

Screw you I put in my deal just to fck with your data

 

[Foxhound5366]

Screw you I put in my deal just to fck with your data

Thanks Sinbad, but it's hardly a deal anybody can go out and get for themselves. The idea here is to give the average consumer some average guidelines over the kind of real-world depreciation they can find, stripped away from whatever finance deal they get screwed into or however much of a deposit they can afford.

 

[Sinbad]

Thanks Sinbad, but it's hardly a deal anybody can go out and get for themselves. The idea here is to give the average consumer some average guidelines over the kind of real-world depreciation they can find, stripped away from whatever finance deal they get screwed into or however much of a deposit they can afford.

I know I know...

 

[neoprema]

Anything D-Segment basically rolls off a hill ...

If it doesnt crash by R200k in the first year, they're selling it R150k less on new!

I've lost so much money on D-Segments and its such a pity cause I do like them.

 

[Foxhound5366]

Anything D-Segment basically rolls off a hill ...

If it doesnt crash by R200k in the first year, they're selling it R150k less on new!

I've lost so much money on D-Segments and its such a pity cause I do like them.

*grins* I know right ... like everything else in life, you get what you pay for. Cars are no different, and the cost of depreciation is just another cost you pay for, in exchange for all that luxury and vroom-vroom deliciousness.

Yes my BMW 3 series is depreciating TWICE as fast as my Citroen C3 did (go figure! there's a marketing story for Citroen in there), but honestly I'm enjoying it twice as much soooooo ... just gotta suck it up.

Where my little graph will come in handy is identifying the hidden heros in the same price ranges - and for that we just need more people to submit their cars (so please do!).

 

[neoprema]

*grins* I know right ... like everything else in life, you get what you pay for. Cars are no different, and the cost of depreciation is just another cost you pay for, in exchange for all that luxury and vroom-vroom deliciousness.

Yes my BMW 3 series is depreciating TWICE as fast as my Citroen C3 did (go figure! there's a marketing story for Citroen in there), but honestly I'm enjoying it twice as much soooooo ... just gotta suck it up.

Where my little graph will come in handy is identifying the hidden heros in the same price ranges - and for that we just need more people to submit their cars (so please do!).

took my a few seconds to realize you said *grins* I thought it said *girls*...

I think my contact lenses been in too long...

 

[AchmatK]

My other car

1) 2010 BMW 1 Series 125i Convertible M Sport Auto
2) Purchased October 2017
3) R230 000
4) Retails for between R180k to R230k.

 

[Foxhound5366]

My other car

1) 2010 BMW 1 Series 125i Convertible M Sport Auto
2) Purchased October 2017
3) R230 000
4) Retails for between R180k to R230k.

No no Signates, you gotta share current trade-in value for you, not what dealers are selling it for currently (there's a massive margin in that for dealers that we gotta keep in).

 

[AchmatK]

No no Signates, you gotta share current trade-in value for you, not what dealers are selling it for currently (there's a massive margin in that for dealers that we gotta keep in).

No idea what the trade in value will be. I've only had the car 18 months and haven't considered to trade it in yet.

If I had to guess I'd probably get R180k.

 

[rietrot]

Good work. Do I win or lose?

You didn't add my sportage.

 

[Craig_]

I bought a 1 year old passat old model in 2015 for R280k. No way am I working out now how much I've lost as I would probably become clinically depressed. South Africans really dislike this car.

 

[AchmatK]

Last vehicle

1) 2014 Nissan Micra 1.2
2) Purchased demo February 2015
3) Purchase price R135 000
4) Trade in price R83 000 (according to the Wesbank website)

 

[handyman007]

Ok guys, data is no good without graphs, and we've had an amazing mix of vehicles (thanks for that - I'm going to keep updating this as we go!).

This is pretty fascinating for me

I've discarded two outliers (people who bought impossibly good secondhand deals), and to try get an 'apples-to-apples' figure I've used a simple formula: (Retail Price - Trade-In Price)/(Time in Months) = Average depreciation per month

NB: New cars depreciate faster than older cars, and a lot of the cars here are secondhand cars (so their depreciation curve was softened by the original owners taking that first knock). To get the 'full' picture, refer back to the original post (number included alongside each car) in the raw data below.

View attachment 625040
View attachment 625042

Moral of the story: buy a budget car and you'll suffer less depreciation, or just drive it for long enough to beat the depreciation curve. That Volkswagen Golf R though, ouch!

My car was bought Oct 2015 so closer to 36 months than 48. Toyota Corolla Quest.

 

[Foxhound5366]

I bought a 1 year old passat old model in 2015 for R280k. No way am I working out now how much I've lost as I would probably become clinically depressed. South Africans really dislike this car.

I bought a 1 year old passat old model in 2015 for R280k. No way am I working out now how much I've lost as I would probably become clinically depressed. South Africans really dislike this car.

You gotta find out. You can get a TransUnion car report for like R29, then share it here