The Car Depreciation Awards: Post Yours

[shooter69]

You see, when I see that Mahindra offered you R60K less, that makes me pretty sure that Nissan was actually subsidising you somehow ... either because they were willing to give trade-in assistance on the Nissan you were buying, or they were cutting into their retail margin on the re-sale of your trade-in in lieu of just making the sale. I'm not sure how y'all feel I should record the trade-in price then: the fairest would be what Mahindra offered (i.e. R123 000), but I guess we can put what Nissan offered and then Mahindra-sellers will just need to go buy Nissans to achieve that figure

To me, trade in value is the value I traded the car in for without needing to load anything onto the new car's price. Not the lowest value a dealer offered me. If you decide on the value based on your opinion of possible trade in assistance or discount then you might as well suck all of the figures out of your thumbs.

I shopped around for the best deals and trade in. Mahindra was the lowest. The bigger brands(Ford, NIssan, Mazda) offered the most. Suzuki and VW never came back to me with an offer so I did not waste my time with them to follow up. I did not try Toyota, Kia, Huyundai.

 

[Foxhound5366]

To me, trade in value is the value I traded the car in for without needing to load anything onto the new car's price. Not the lowest value a dealer offered me. If you decide on the value based on your opinion of possible trade in assistance or discount then you might as well suck all of the figures out of your thumbs.

I shopped around for the best deals and trade in. Mahindra was the lowest. The bigger brands(Ford, NIssan, Mazda) offered the most. Suzuki and VW never came back to me with an offer so I did not waste my time with them to follow up. I did not try Toyota, Kia, Huyundai.

Ok fine dude, we'll use the Nissan trade-in valuation. It's pretty sad how so many dealerships don't back their own brand's resale values in South Africa. I've heard of similar stories with dealers low-balling their own brands involving Mercedes-Benz, Citroen and now Mahindra too.

 

[shooter69]

Ok fine dude, we'll use the Nissan trade-in valuation. It's pretty sad how so many dealerships don't back their own brand's resale values in South Africa. I've heard of similar stories with dealers low-balling their own brands involving Mercedes-Benz, Citroen and now Mahindra too.

Close friend of my had the same experience with Mahindra. He had the Xuv500 W8(awd). Mahindra would not settle it after 3 years so he went to Mitsubishi and they settled without loading on a Outlander's price. We both would have stayed with Mahindra if they did not lowball their own brand so much.

 

[handyman007]

That's why I'm hesitant to look into a brand such as Haval before knowing how they will treat you down the line. I prefer other people to be the guinea pigs.

 

[Colin62]

We both would have stayed with Mahindra if they did not lowball their own brand so much.

Maybe they know something about their vehicles that you don’t.

 

[asshat99]

Close friend of my had the same experience with Mahindra. He had the Xuv500 W8(awd). Mahindra would not settle it after 3 years so he went to Mitsubishi and they settled without loading on a Outlander's price. We both would have stayed with Mahindra if they did not lowball their own brand so much.

Yes, but would anyone buy a mitsubishi at full price?

 

[PhireSide]

I thought I'd add my bike that I sold a few months back to further skew the stats

1) 2004 Kawasaki KLR650
2) Pre-owned (roughly 5 years old when purchased in September 2009)
3) R49'995 (paid R17'000)
4) Sold it for R22'000 (after 108 months)

 

[Gaz{M}]

I thought I'd add my bike that I sold a few months back to further skew the stats

1) 2004 Kawasaki KLR650
2) Pre-owned (roughly 5 years old when purchased in September 2009)
3) R49'995 (paid R17'000)
4) Sold it for R22'000 (after 108 months)

Get your crotch rocket out of our car thread immediately..

 

[PhireSide]

Get your crotch rocket out of our car thread immediately..

The KLR has more in common with a Vaaljapie than a crotch rocket...

 

[S3XY]

This will be my first MyBB post. I have been scouring these forums for years, loving all the data that is out there, but decided now that I can give some input back.

I have 3 car details to add to the list.

1) 2004 Mercedes C230 Kompressor Coupe
2) Bought in 2011 (7 years old when bought) - from dealer (@+-105000km)
3) R155 000 (exc. on the road costs) - cash
4) Traded in for R75 000 in 2016 (5 years later) (@155000km)
5) From day one
- R1333 equivalent linear depreciation pm. (Works out to R1.60 per km)

1) 2007 BMW 320D (E90)
2) Bought in 2013 (6 years old when bought) - from family (@+-110000km)
3) R110 000 - cash (Retal price then was R135000)
4) Current Trade in offer of R55 000 from BMW Autobahn (6 years later) (@192000km)
5) From day one
- R764 equivalent linear depreciation pm. (Works out to R0.67 per km)

1) 2012 VW Tiguan 1.4Tsi 118kw
2) Bought in 2016 (4 years old when bought) - from dealer (@+-58000km)
3) R230 000 - Financed (Exc. on the road costs)
4) Current Trade in offer of R152 000 from VW Lindsay Saker (3 years later) (@100000km)
5) From day one
- R2166 equivalent linear depreciation pm. (works out to R1.86 per km)

 

[6spdmanual]

Here is some "good" depreciation:

In 2014, the Golf R was released in South Africa and retailed at R486 200 for brand new. Here we are, 7 years later and a good one (one you can actually consider owning) goes for about R370K. The GTI and the R hold their values very well. Recently saw a 2006 GTI listed for R160K(!).

A new Golf R today goes for about R800K.

 

[Baise]

I bought a demo VW caddy about 8 months ago and I was recently offered 20K more than I paid for it.

 

[Foxhound5366]

Haha I bought a new VW Polo a couple years ago ... will be interesting to see how depreciation normalises over time.

I don't think it will be too kind to me, because I got a specced out Highline model ... and so I suspect depreciation will be harder on it than a barebones model. But I deliberately took that gamble because I don't want to ever sell it.

 

[Craig_]

I've never owned a car that lost a fortune in value, but this is sadly only because I've never owned a fancy car.

 

[droidx]

Interesting thread. I've thought back to some of my cars, didn't have too bad depreciation. The latter 2 has higher monthly number because they cost more, percentage of purchase price seems to be lower than 1% per month still.

The first 3 cars being purchased during August, pure coincidence on timing when I found something I liked at a decent deal.
The scirocco was well liked, but I decided to treat myself to my realistic dream car and just couldn't justify holding on to two cars. The new owner got an offer after a few months for R270k, it was in excellent condition and I was sure I could get more, but had to make a call, even though I could wait I didn't have garage space for it, so took the loss.

Entry 1:
1) 2000 Golf 4 GTI
2) Purchased in 2010, August, +/-224 000km
3) Paid R50k, financed
4) Sold after 24 months, R48k, +/-272000km
5) Not sure, but remember I was nailed on interest so lost a bit more than the R2k

Entry 2:
1) 2007 Seat Leon FR
2) Purchased in 2012, August, +/- 117000km
3) Paid R110 000, financed
4) Sold after 60 months, R87k, +/- 190 000km
5) Not sure, paid up after about 3 years

Here's where things go a bit downhill...

Entry 3:
1) 2012 Scirocco R manual
2) Purchased in 2017, August, +/-63 000km
3) Paid R270 000, financed
4) Sold after 16 months, R238 500, +/- 75 000km
5) Possibly from day 1, put all previous proceeds into account, paid up by the time I sold it

Entry 4:
1) 2016 Audi RS3 Sportback
2) Purchased November 2018, +/- 43 000km
3) Paid R650 000, financed (was R900k plus when bought new, checked with audi, decent extras list)
4) Still have it and intent to keep it, 22Seven gives me a value of R508k, however I extended freeway plan with Audi for 4 more years, R38k. Scanning gumtree, they go for around R550k - R650k. Mileage is currently 69 000km.
5) From month 2, dumped proceeds of previous sale into account, paid up after 24 months.

The above doesn't take into account warranty costs, maintenance costs and other costs of ownership.
I had no major out of warranty repairs, the Seat needed a clutch, about R8k I think and also did the brakes before selling, can't recall if the R8k included that only paid for parts. Amazingly the golf 4 had no major issues at that mileage, some general maintenance was required though.

 

[6spdmanual]

Interesting thread. I've thought back to some of my cars, didn't have too bad depreciation. The latter 2 has higher monthly number because they cost more, percentage of purchase price seems to be lower than 1% per month still.

The first 3 cars being purchased during August, pure coincidence on timing when I found something I liked at a decent deal.
The scirocco was well liked, but I decided to treat myself to my realistic dream car and just couldn't justify holding on to two cars. The new owner got an offer after a few months for R270k, it was in excellent condition and I was sure I could get more, but had to make a call, even though I could wait I didn't have garage space for it, so took the loss.

Entry 1:
1) 2000 Golf 4 GTI
2) Purchased in 2010, August, +/-224 000km
3) Paid R50k, financed
4) Sold after 24 months, R48k, +/-272000km
5) Not sure, but remember I was nailed on interest so lost a bit more than the R2k

Entry 2:
1) 2007 Seat Leon FR
2) Purchased in 2012, August, +/- 117000km
3) Paid R110 000, financed
4) Sold after 60 months, R87k, +/- 190 000km
5) Not sure, paid up after about 3 years

Here's where things go a bit downhill...

Entry 3:
1) 2012 Scirocco R manual
2) Purchased in 2017, August, +/-63 000km
3) Paid R270 000, financed
4) Sold after 16 months, R238 500, +/- 75 000km
5) Possibly from day 1, put all previous proceeds into account, paid up by the time I sold it

Entry 4:
1) 2016 Audi RS3 Sportback
2) Purchased November 2018, +/- 43 000km
3) Paid R650 000, financed (was R900k plus when bought new, checked with audi, decent extras list)
4) Still have it and intent to keep it, 22Seven gives me a value of R508k, however I extended freeway plan with Audi for 4 more years, R38k. Scanning gumtree, they go for around R550k - R650k. Mileage is currently 69 000km.
5) From month 2, dumped proceeds of previous sale into account, paid up after 24 months.

The above doesn't take into account warranty costs, maintenance costs and other costs of ownership.
I had no major out of warranty repairs, the Seat needed a clutch, about R8k I think and also did the brakes before selling, can't recall if the R8k included that only paid for parts. Amazingly the golf 4 had no major issues at that mileage, some general maintenance was required though.

Love the progression. I think with the Scirocco, you might have gotten a bit more if it were a DSG. My current car is a manual, and apparently if there is an auto version of your car, you’ll always get a bit less.

 

[rietrot]

Finally sold my astra 2002.

Bought it in 2010? For R40k
Sold it in 2021 for R20k to webuycar

So 50% over 10 years.

I probably could have gotten a bit more if I didn't sell it to a dealer but I didn't feel like haggling with people who don't have money and other wannabe car salesmen.
The condition of the car was definitely very used at the end. With some minor accident damage and high mileage.

 

[Lupus]

This might not count recently. Bought a Clio in 2018, can now sell it pretty much for the price I paid for it. Bought a Triber at the beginning of last year, can sell it for more then I paid for it.

 

[nazmo]

Bought a polo gti tsi for 230K with 8000kms. Traded it in 5 years later with 98000kms for 180K. Still mighty impressed. Motorplan through full ownership so only expenses were fuel, tires and oil topup

 

[Ecko_1]

1) 2012 VW Polo 1.4 Comfortline Manual (Leather, Sunroof, Metallic Black)
2) Pre-owned. Bought in 2013 @ 14000km.
3) R168000
4) Traded for R120 000 about 20 months after purchase.
5) Had R10k equity at trade in.

1} 2012 VW Golf 6 GTI Manual (White, leather, sunroof, xenons)
2) Pre owned. Bought in 2015 @ 28000k,
3) R289 000
4) Sold to WBC in December 2018 for R135 000. Had 160 000km and needed around R15k in maintenance at time of sale, and the turbo was giving me worries.
5) Ended up with R10k equity

1) 2019 VW Polo 1.0 TSI Comfortline Manual (Blue, leather, pano roof, LED lights, Comp media)
2) Bought new in Jan 2019
3) R332 000
4) Sold privately to an independent dealer for R245 000 in Jan 2021. 24 months ownership. Car had 38 000km. Dealer sold it 1 week later for R295 000.
5) Had about R40k equity when sold

The pattern I noticed with my cars is that I generally "rent" my cars for the period of ownership. I end up walking away more or less with the deposit i put down. I set up my finance to try and see equity at 24 months. At that point i decide on whether to change cars or extend the warranty. VW generally has 3 year warranty.

While my previous cars were always modded and bought with the intention of selling after a couple years, I have gotten older and my needs have changed. My current car I am planning to pay off sooner and just keep it till the wheels fall off. Once this one is paid off I will get a toy for weekends. I bought a 2019 Rav 4 GXR in Jan 2021.