The Car Depreciation Awards: Post Yours

[Gaz{M}]

VW Tiguan 2019 2.0TSI 132kw Comfortline R-Line. Paid R570k brand new and today could probably get R550k after nearly 2 years and 27000km. The new prices have skyrocketed, especially with the facelift incoming.

 

[mjzar]

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.

Have to just say I approve of your purchases... it aligns with what I've had
I also had a Golf IV GTI used 2001 model and a Scirocco R in 2013 new. I drove a demo Seat Leon Fr for a short time all those years back didn't purchase it.
In 2018 I went with a new Golf R over getting a used RS3 mileage was a bit high - I've admired this since it launched in 2016 (previous gen) great great car. At the moment still have the Golf R

 

[droidx]

Have to just say I approve of your purchases... it aligns with what I've had
I also had a Golf IV GTI used 2001 model and a Scirocco R in 2013 new. I drove a demo Seat Leon Fr for a short time all those years back didn't purchase it.
In 2018 I went with a new Golf R over getting a used RS3 mileage was a bit high - I've admired this since it launched in 2016 (previous gen) great great car. At the moment still have the Golf R

Looks like we have similar taste, was considering the golf R as well, but always wanted the rs3 for that unique 5-pot sound.
Planning to keep it for at least another 4 years. So will be interesting to see the value then.