How much are you losing a year?

[daveb8]

For no reason in particular I have been looking at depreciation of new commodores. Is it just me or is it absolutely ridiculous? The numbers below are all off the internet and I’d like to know if you think they’re accurate. They are all 2004 sedans with 20,000 – 40,000kms. The only difference is the state they are being sold in.

'04 VZ Executive Sedan
New - $35,410
1 Yr Old - $23,990
Loss - $11,420

'04 VZ Acclaim
New - $39,050
1 Yr Old - $26,990
Loss - $12,060

'04 VZ Berlina V6
New - $42,990
1 Yr Old - $31,990
Loss - $11,000

'04 VZ Calais V6
New - $52,660
1 Yr Old - $37,750
Loss - $14,910

'04 VZ SV6
New - $38,990
1 Yr Old - $29,998
Loss - $8,992

'04 VZ SS
New - $50,990
1 Yr Old - $39,990
Loss - $11,000

And that’s just in one year!! That’s like $30 per day.

Are my numbers accurate or have I missed something?

 

[kopper69]

Isnt that insane. I would never buy a new car. Figures look accurate too. At least with an older car, say VR/VS and older the price hits a flat, where it wont decrease much over time if its looked after. Still have running costs.

I was looking at cars on the weekend and came across Fords with the 290kW boss engine. 2003 model i think selling for just over $20k (you could easily get it down to $20k). Like top range cars selling at that price - whats wrong with them.

Once the new VE comes out with its new shape the VY and VZ will just drop like a lead weight in value. Those figures $30 should worry most people. If your paying that plus costs - thats a decent chunk of your pay for the day - everyday.

Nice work daveb8. Nice to see real research and results. :air:

 

[Ralph1]

I agree, "not happy Jan" My 03 VY I bought 2nd hand 14 months ago now has dropped around 8-9k :bang:

 

[Shounak]

No way.. You can't buy an 03 VY for 9 grand..

You can barely get a 1999 VT Exec for that much..

 

[MikeVXSS]

i lost my lighter today neva mind ive got a few more.

but my marbles are my biggest loss, ill never forgive you jacob mangrypants the 9th. when i find you im gonna take your teeth and buy a cow...

 

[daveb8]

No way.. You can't buy an 03 VY for 9 grand..

You can barely get a 1999 VT Exec for that much..

no he meant its dropped by 9 grand not to 9 grand. probably from $26k - $18k or something

 

[Reaper]

For no reason in particular I have been looking at depreciation of new commodores. Is it just me or is it absolutely ridiculous? The numbers below are all off the internet and I’d like to know if you think they’re accurate. They are all 2004 sedans with 20,000 – 40,000kms. The only difference is the state they are being sold in.

'04 VZ Executive Sedan
New - $35,410
1 Yr Old - $23,990
Loss - $11,420

'04 VZ Acclaim
New - $39,050
1 Yr Old - $26,990
Loss - $12,060

'04 VZ Berlina V6
New - $42,990
1 Yr Old - $31,990
Loss - $11,000

'04 VZ Calais V6
New - $52,660
1 Yr Old - $37,750
Loss - $14,910

'04 VZ SV6
New - $38,990
1 Yr Old - $29,998
Loss - $8,992

'04 VZ SS
New - $50,990
1 Yr Old - $39,990
Loss - $11,000

And that’s just in one year!! That’s like $30 per day.

Are my numbers accurate or have I missed something?

The numbers aren't good however you are quoting RRP. Most people & especially businesses don't pay this. For example my VYII ss was $53,000 RRP with all the addons (leather seats etc) but managed to put it on the road for $44,000. There is still a heap of depreciation but maybe not quite to the extent that you have there.

Reaper

 

[EvoVIIIJDM]

thats just how it is with crappadores or fords. Ill trade mine in 2/3 years and get another new car. Ive had enough of cars with problems that i have to fix, just keep it till warranty is gone and then upgrade.

 

[Infus10n]

thats just how it is with crappadores or fords. Ill trade mine in 2/3 years and get another new car. Ive had enough of cars with problems that i have to fix, just keep it till warranty is gone and then upgrade.

Either do this or always buy 2nd hand, as you wont loose as much money that way as you will brand new.

 

[Power21]

No way.. You can't buy an 03 VY for 9 grand..

You can barely get a 1999 VT Exec for that much..

In SA its hard to find a Vt over 10 grand.