£92 per mile depreciation… - Page 1 - Car Buying (2024)

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Must be utterly mad.

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There have been hundreds of these 'in the trade' for ages: there are currently 113 with fewer than 500-miles on the clock (of which 94 are under 100-miles). 283 with fewer than 5,000 miles.

BOGOF offer incoming

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Rat_Fink_67 said:

Now you've done it...Numpty De Plum will be along in a moment...

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E90_M3Ross said:

700 miles in a year almost sounds like a dealer's car or it was rejected or something. Why would anyone buy a brand new car, not drive it, then sell it for such a huge loss.

Registered by the dealer to gain a registration bonus and then run as a demo/management company car/courtesy car/etc.

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Great car, priced too high. I guess Porsche had to recover some of the development costs, but what worries me is that a lot of it is shared across VAG anyway.

But yeah, a Porsche 4 door that has hideous depreciation, who would have guessed it?

Who buys a car like that and only does 700 miles though? If they werent going to use it, surely a conversation with the dealer and a haircut on the price would be sufficient to get out of it?

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Lots of high performance cars out there that have relatively high "list" prices that nobody actually pays close to the list price, given the discounting, and so depreciation seems far more higher than is in real life.

For example, take a look at this Jan 2024 BMW M8 Competition Gran Coupe with 1,190 miles which had a "list" price of almost £164k when you take into account all the options like Carbon Ceramic brakes etc.

It's up for sale at a BMW dealer for £94,965 and according to the AT Price Tracker, it's already been lowered in price by almost £4,500 since when they first listed last month.

https://www.autotrader.co.uk/car-details/202407031...

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Rat_Fink_67 said:

Now you've done it...Numpty De Plum will be along in a moment...

LOL Well done that has made my morning!

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E90_M3Ross said:

700 miles in a year almost sounds like a dealer's car or it was rejected or something. Why would anyone buy a brand new car, not drive it, then sell it for such a huge loss.

Probably only charged it twice before the meter ran out of credit.

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Sway said:

Bought as a pre-requisite for getting on a list?

Most likely that....

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£70k is a lot of money for something that looks a bit like a chav's Astra.

And it's white, so £30k would be a lot!

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My favorite version of the Taycan too!

Any chance someone wants to buy it run it for another year and 700 miles then sell it to me for 35k?

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Leon R said:

That's the reality isn't it, it will basically be worth half again in another years time.

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Who are they kidding - it’s clearly terrible value for the next buyer.

I do think they look great though. I have been watching the price of petrol engined ones too - all hovering around £40k and much better suited to my use/needs

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Leon R said:

I will take it off you for 17.5 the following year

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Rat_Fink_67 said:

Now you've done it...Numpty De Plum will be along in a moment...

Not a problem, EVs depreciate no different to ICE

Said it before, impossible for EV to catch on with people who are using their own money to buy.

TX.