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Jim Jim is offline
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Default OT new car vs year old car....

RJH Wrote in message:
On 11/01/2017 19:24, jim wrote:
"Dave Plowman (News)" Wrote in message:
In article ,
jim k wrote:
They are generally what's known as pre-registered. The dealer sort of
buys the cars himself to get the discounts offered by shifting over a
certain number. So they are generally new and unused, but you become
the second owner. Possibly last year's model too. But can be a good
buy if the price is right.


Which are you referring to? the brand new offers or the year old
second hands?

The brand news are unregistered main dealer supplied current
models - I expect them to be *the* latest models.

What I am getting at is the 2nd hands don't seem cheap enough when
comparing the prices & allowing for steep 1st year
depreciation...

Are they actually a year old - or just an earlier registration?


The ones around 24k are early 16 platers from March last year.

But of course you can *ask* whatever price you like for a used car.
Doesn't mean to say it will sell.


What's their reasoning for it though?


I think you'd have to ask - might be fitted extras. If it doesn't make
sense, and the price is close to your quote for a new car - tell them.
Nothing to lose?!


Yup. Just sounding out my pitch :-)

Next obvious question after I boldly point out I think their
prices are way too high is :- What price do you think it should
be sir?
what is a standard 1st year depreciation figure given the industry
expects a 3year old car to be worth 45%....
The depreciation curve is steep initially then slightly less steep
in yrs 2&3, so 25% in year 1? 15% in each of yrs
2&3?

So if I were to buy at 26600 after 1 year &~10 thousand miles it
should be worth 19950....? Seems a long way from 24000 for them
to come down?

List price is 30k, so after 1 year theoretical "list based" value
should be 22.5k.
But who pays list price? (except Mason :-) )

--
Jim K


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