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Old 27-08-2012, 16:46   #1
Jerry
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MG 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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Old 27-08-2012, 17:24   #2
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Default Re: Depreciation on a "6"

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Originally Posted by Jerry View Post
Look no further than an MG dealer.

http://www.luffield.com/MG6used.htm

Free in Cornflake packets next.
Looks like the clearing centre for all the fleet/hire cars.

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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Old 27-08-2012, 17:27   #3
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Default 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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Old 27-08-2012, 17:31   #4
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Default Re: Depreciation on a "6"

About 0.18 per mile...
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Old 27-08-2012, 17:33   #5
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MG Re: Depreciation on a "6"

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Originally Posted by Windy View Post
About 0.18 per mile...
You've a misplaced decimal point.
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Old 27-08-2012, 17:42   #6
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Default Re: Depreciation on a "6"

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You've a misplaced decimal point.
I just checked with a calculator, it's actually 0.11 pence per mile. Seems fairly low for a one year old?
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Old 27-08-2012, 17:46   #7
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Default 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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Old 27-08-2012, 18:24   #8
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Default 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.
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Old 27-08-2012, 18:53   #9
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Default Re: Depreciation on a "6"

Almost tempting at that price
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Old 28-08-2012, 16:17   #10
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Default 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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Old 28-08-2012, 22:53   #11
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Default Re: Depreciation on a "6"

doesnt seem that cheap? can pick mazdas up about the same price as that
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Old 29-08-2012, 23:19   #12
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Default 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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Old 29-08-2012, 23:58   #13
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Default Re: Depreciation on a "6"

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Originally Posted by mattie007 View Post
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!
But again, 7.8k of that 14k is VAT to the govt!

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
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Old 30-08-2012, 02:45   #14
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Smile Re: Depreciation on a "6"

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Originally Posted by Parsec View Post
But again, 7.8k of that 14k is VAT to the govt!

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
dont belive in buying new waste of your money, all cars loose money, but saying that, did u see the rover in the sun on sunday that had been sat in a garage never used, they got alot of money for that
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Old 31-08-2012, 17:14   #15
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Default 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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Old 06-03-2013, 14:46   #16
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Default Re: Depreciation on a "6"

What's happened since the diesels have come on stream? Are residuals stronger?
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Old 06-03-2013, 15:29   #17
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Default Re: Depreciation on a "6"

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What's happened since the diesels have come on stream? Are residuals stronger?
Diesel only went on sale at the begining of the month, wont have had a lot of effect yet!

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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