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27-08-2012, 16:46
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#1 |
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MG V8 Nut
 
Join Date: May 2003
Location: Lincolnshire
Posts: 2,732
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Depreciation on a "6"
Look no further than an MG dealer.
http://www.luffield.com/MG6used.htm Free in Cornflake packets next. |
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27-08-2012, 17:24
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#2 | |
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Registered User
Join Date: Jun 2007
Location: Westhoughton
Posts: 1,153
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Re: Depreciation on a "6"
Quote:
To be fair any family size (Insignia Mondeo etc) will loose at least 40% year one, after all 20% is vat. I have bought many a car like this best was a Signum V6 New price was 27K I bought it 1 year old dealer managers car for 16000. And they gave above book on ZT. MG6 would make a good used buy, but with any family sized car you will be in for a high loss of value, but if keeping for 3 years then makes a lot of sense. If you dont want to have massive loss I think Mini Cooper is still one of the least depreciating cars in UK. |
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27-08-2012, 17:27
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#3 |
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MG V8 Nut
Join Date: May 2003
Location: Lincolnshire
Posts: 2,732
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Re: Depreciation on a "6"
I agree - Cooper is the dogs.....
These cars are cheap and you may be right they could be a good second hand buy - my fear is that they will go much lower. Insignia - is equally as bad I agree. |
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27-08-2012, 17:31
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#4 |
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It's a big fan
Join Date: Sep 2004
Location: Exeter
Posts: 3,218
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Re: Depreciation on a "6"
About £0.18 per mile...
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27-08-2012, 17:33
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#5 | |
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MG V8 Nut
Join Date: May 2003
Location: Lincolnshire
Posts: 2,732
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Re: Depreciation on a "6"
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27-08-2012, 17:42
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#6 | |
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It's a big fan
Join Date: Sep 2004
Location: Exeter
Posts: 3,218
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Re: Depreciation on a "6"
Quote:
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27-08-2012, 17:46
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#7 |
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MG V8 Nut
Join Date: May 2003
Location: Lincolnshire
Posts: 2,732
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Re: Depreciation on a "6"
Not so. Pick a car - any car. There is a huge selection after all.
Then run the figures and prove your maths. |
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27-08-2012, 18:24
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#8 |
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Commission Number 000744
Join Date: Nov 2004
Location: South Cheshire
Posts: 2,651
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Re: Depreciation on a "6"
May be worth getting one, run it into the ground and buy another - not worth washing and servicing at that price.
Would keep the miles low on the ZS then too.
__________________
Thirteen years on and still loving the ZS! 
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27-08-2012, 18:53
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#9 |
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Registered User
Join Date: May 2009
Location: medway
Posts: 107
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Re: Depreciation on a "6"
Almost tempting at that price
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2002 silver MK1 MG ZS 180 2010 Honda accord |
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28-08-2012, 16:17
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#10 |
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Registered nUber
Join Date: Jun 2007
Location: Sheffield
Posts: 2,259
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Re: Depreciation on a "6"
I bet prices will come down alot from them in a year or two, bet you could buy one for £4-6k and especially when the diesels hit the 2nd hand market.
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28-08-2012, 22:53
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#11 |
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Registered User
Join Date: Sep 2009
Location: Glasgow
Posts: 1,545
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Re: Depreciation on a "6"
doesnt seem that cheap? can pick mazdas up about the same price as that
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29-08-2012, 23:19
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#12 |
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The Green Machine
Join Date: May 2004
Location: Northants
Posts: 3,920
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Re: Depreciation on a "6"
Seems about in line with most mainstream manufacturers, if not slightly better. The local paper often has one year old Insignias for £9-10k, and these were more than the 6 new with alot less toys.
My boss at work paid £39k for a 5 series, sold one year later for £24k.... Rather lose a few k on a 6 than 14 THOUSAND POUNDS on a german barge!
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29-08-2012, 23:58
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#13 | |
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Still not cured of MG addiction
Join Date: Oct 2002
Location: Lancashire
Posts: 7,110
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Re: Depreciation on a "6"
Quote:
If you bought a new MG6 and then sold if after a year you'd lose the same or more than that 5 series as a proportion of what you paid 
__________________
MG-less at the moment  previously: MG ZS180 Mk2, MG ZR160, Rover 200vi Don't forget the MG Rover archive :http://www.phoenix-mg-rover.org (use IE for best results as it's an old site) My blog: http://www.blitterandtwisted.com - technology, gaming and entertainment |
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30-08-2012, 02:45
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#14 | |
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Registered User
Join Date: May 2012
Location: salford
Posts: 262
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Re: Depreciation on a "6"
Quote:
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ZS180 owner (MK1), from Salford, with NEG rep coz people cant handle the truth 
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31-08-2012, 17:14
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#15 |
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Registered User
Join Date: Oct 2002
Location: Norwich
Posts: 830
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Re: Depreciation on a "6"
Aren't these cars the ex Avis rental fleet ones now coming up for sale?
Even in other makes, they sell for a few thousand less than privately owned cars. Given the depreciation is in line with other similar sized cars outside of the premium brands it seems like a non issue to me. Residuals were never going to be huge on these cars, especially with no diesel in the range yet. However, these are holding up better than some claimed they would be a year ago.
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Stu '98 VVC Coupe MY04 ZS 120+ |
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06-03-2013, 14:46
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#16 |
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MG V8 Nut
Join Date: May 2003
Location: Lincolnshire
Posts: 2,732
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Re: Depreciation on a "6"
What's happened since the diesels have come on stream? Are residuals stronger?
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06-03-2013, 15:29
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#17 | |
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It's a big fan
Join Date: Sep 2004
Location: Exeter
Posts: 3,218
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Re: Depreciation on a "6"
Quote:
The residuals are also affected by the relatively large numbers of ex-Avis cars which will start to dry up in a years time so it's very hard to make any judgements. Only good news is that if you exclude Avis sales then MG UK sales figures have been up by at least 300% year on year in each of the last 4 months so the trend, although slow is very positive. |
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