Cars Around 20k That Are Not So Likely To Depreciate?

Soldato
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I think personally right now is a bad time to be buying cars. We are on the verge of something big. How can car prices still command a premium when no one has money to buy them? Surely with interest rates going up, inflation going up and energy costs going up people are going to be tightening their belts and not spending money on used & new cars?
 
OcUK Staff
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I think personally right now is a bad time to be buying cars. We are on the verge of something big. How can car prices still command a premium when no one has money to buy them? Surely with interest rates going up, inflation going up and energy costs going up people are going to be tightening their belts and not spending money on used & new cars?


People are still buying cars.
I got my Mums Aygo for her three years ago and paid £6900 for it with 25k miles.

Sold it too Cazoo for £7125 with 34k miles.

Took her car shopping today every dealership we visited had someone signing the paperwork buying a car and plenty of people browsing.

In the end my mate works for Skoda and he got us a Skoda Citigo for her at mates rates which was really hard work for him as the business manager knew he could get it sold at advertised price but a few strings pulled and in the end we got it £1000 below asking and whilst I was buying that for my mother there was a family in also signing paperwork.

Having a chat with my mate he said in March he personally sold 35 cars and he felt March was the peak but in saying that he himself still sold 20 cars in April and how now already matched that in May so in his words it’s slowed be sales are still ahead of what they considered normal times, they do now have plenty of used stock as did all garages and the general vibe is new cars are still delayed even basic cars and as such used car sales are still stronger than expected boosted somewhat by the now better supply of used cars because supply of new cars did improve.

The cost of living increase could see a boost in sales of cheaper cars or cheaper to run cars and then on the flip side the people who won’t be impacted will keep buying up the cars that people loved. If I had millions in the bank and was a petrol head I’d literally fill a warehouse with loads of cool cars because why not if you can afford too and especially if they are considered an asset now, better than cash in bank and better to look at, plus you can drive them too. :D
 
Soldato
Joined
22 Nov 2006
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22,125
Anything quite rare and looks pretty is a good bet. Especially early examples.

You won't make anything on a Golf unless it's a mint mk1. Golf R is way to common and not interesting enough to grab the attention of collectors. S2000s are quite common too, but they have that engine. Elises are going up and up, miliage doesn't even seem to effect their prices much, but parts supplies are drying up for older ones.
 
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Associate
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30 Aug 2014
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Most of the cars mentioned aren't really that practical. Classic cars (Caterham), small cars (Elise) and very high powered cars (Old M3/C63) that will run you down in fuel costs rather than save anything.

So is it safe to assume there are no practical newer cars you can buy, use a moderate amount (5k mileage a year) that will hold their value?

I mentioned the Golf R because it's a daily driver which enthusiasts also go for. Most hot hatches are in the same boat.
 
Soldato
Joined
17 Jul 2010
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22,532
Most of the cars mentioned aren't really that practical. Classic cars (Caterham), small cars (Elise) and very high powered cars (Old M3/C63) that will run you down in fuel costs rather than save anything.

So is it safe to assume there are no practical newer cars you can buy, use a moderate amount (5k mileage a year) that will hold their value?

I mentioned the Golf R because it's a daily driver which enthusiasts also go for. Most hot hatches are in the same boat.
There are literally thousands of Golf R's out there though. Unless it's low mileage and pristine (and in 15-20 years time) it won't really be worth a huge amount. Mk 2 Golf GTI's are only worth a decent amount now if they're in very good condition with low miles. Something like a Golf GTI Clubsport S might be a decent shout but then it's almost useless as a Hot Hatch because it only has two seats. The Anniversary editions, Edition 30 & 40 might maintain their premium over the standard GTI though.
 
Soldato
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27 Mar 2013
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As a few people have mentioned the 996, I'll give my experience having owned a couple (C2 and a turbo). Fantastic cars, but bear in mind stuff will need replacing due to age. The parts aren't too bad, probably comparable to any modern high end car, the killer for me was labour, and I was using a local guy that I trust. I actually went from a 996 to and M3 and fir me the only way the M3 was better was that it was more practical, for pure driving those early cars are fantastic (tbh I'm tempted by a boxster).
 
Associate
Joined
17 Oct 2005
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Location
Southampton
I had an S2000 for a little over 6 years. It was average condition, average mileage; I bought mine in 2013 for £4k and sold for £6k.

They’re great cars. Brilliant, even - but would I spend £20k to have one again? Not sure I would. They’re a gamble if you’ve never driven one - certainly not without their peculiarities!

Good luck to those who do!
 
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