S80 Depreciation

[Arnold Layne]

Looking at 07 and 08 D5 geartronics on Autotrader and ebay, and looking to spend around £7K to £8K for a 70 000 miler. I googled depreciation and found this article which rather worryingly refers a number of times to S80's.
http://www.telegraph.co.uk/motoring/...ur-wallet.html
Would this stop you from buying a 5 year old S80? I've been looking at S60's but as I can't afford the new shape, I'd rather have the comfort of an S80 with the updated styling and technology. I was hoping it might be worth something when I come to sell it in about 4 or 5 years.

[SouthOxon]

The title of the article says it all;

New cars that will burn a hole in your wallet.

You are looking at a five-year-old car; not quite what the article is about, is it?

[Paul Wildsmith]

yes, the S80 has 'pride of place' as the fastest UK depreciating car. If you bought a used one now, after 5 years I'd assume zero value.
Of course, if you buy a good one, that's 5 years motoring for £1400 a year, whereas if you buy a new one now for £35K after 5 years it will be worth say £7K, equivalent to £5600 a year.

[volvorocks]

I have had new cars for the last 12 years or so, and tbh, I have not really lost that much. Its been reasonable.I have had good use and good value for what has been bought. Lets forget about XC60's shall we..lol..!!

The Audi A8 6.3 quattro LWB Tip Auto at 1/4 of new value is a tempting proposition because surely it would never need knocking £80k of repairs in order to make it a worse second hand buy than new!!!

I reckon my next new purchase will be a cheap bicycle..!!!!

Regards

[Gadgetman]

What a load of rubbish this Telegraph article is. Who would ever buy a new s80 at list price??? I've just traded my 92,000 mile S80 (2008) 2.4D for a 9 month old 27,000 mile S80 D3 (163bhp) I got 6k trade in against 15.2k for the new S80 from a Volvo dealer. I'll run this one for 3 years 18,000 miles PA. And then sell it! So if i get 6k for this one I think thats a pretty good deal!!! PS. Both fantastically reliable comfortable cars, Oh yes its also drivable in snow unlike BMW's etc!!

[Backhill1]

This is the point you loose so much as soon as your name appears on the V5 and you leave the showroom.

If we say a good car is loosing 40% -60% over three years probably 20%-30% is in the first 6 months.
Ive bought a few new Cars through PCP and was always a good deal and good residuals so the monthly cost was cheap and at the time it worked (Got 6K off both shoguns through Sainsbury’s Drive ((lex)) which no dealer would match) so I was up before I started. Also they valued the cars high at change point so a good deal.
No wonder they stopped doing it when I went to do my third car!!!!

My point is that through that deal I had a brand new car twice for less than a used would cost and a new car was the cheapest deal.

A new car sometimes is a really good option especially if you do low miles and plan to keep for a long time as it starts to balance out.

So really its horses for courses.

I think now though in today’s conservative climate you would need to keep about 6 years to make it viable with extended warranty, over three "its I want a new car syndrome" which I can understand as I have had so many company cars and vans and its nice to get new and be the first driver except the test pilot at the garage, delivery, etc etc.

[steadvex]

Whats more important to you, a nice comfortable car or money in the bank?

If you don't want to loose money on a car buy an old banger for £500 quid then sell it 6 months later for the same amount...I know people who do that, but personally i'd rarther accept loosing a few grand and get something comfortable that 'should' last a while. I'd love to buy new if I could afford to do it!

[Cjlakes69]

Hi there. I have just done what you are suggesting. I have handed back my company car and bought a 2007 s80 d5 se winter pack for 8k. It was from a main dealer and only has 39k on it. The way I see it if I keep this car for 4 years and only get a couple of thousand for it when I come to sell its cost me 1.5k per year. I don't know any car that loses less than 1.5k per year, apart from very cheap ones. It drives like new and I'm really pleased with it. Most of the heavy depreciation has already happened, go for it, don't think you can lose.