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TOPIC: Depreciation advice

Depreciation advice 6 months 4 weeks ago #1

  • bgatty68
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Hi people
I would like to have a bit of advice on buying a new Kadjar GT Line £28,500. Went to dealership today and on the PCP deal after showing me the paperwork I questioned the depreciation value percentage of 67% after 4 years for 18k miles per annum, this seems an extremely large amount in my opinion? Any input welcome

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Depreciation advice 6 months 4 weeks ago #2

  • rba100
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Hi, if you're worried about depreciation then don't buy a new car, because most cars lose 40% of their value in three years.

That said, you can use carwow to get a much better price than £28,500. I've ordered an Iconic for £20,500, for reference.

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Depreciation advice 6 months 4 weeks ago #3

  • bgatty68
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Hi ya
I’m not too worried about depreciation as I’ve got Friends and Family discount so can get a good deal but I agree 40% or even just over 50% depreciation I was expecting but I think 67% is more than anyone should expect. Cheers

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Depreciation advice 6 months 4 weeks ago #4

  • PatWar
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Hi there, I should imagine that it could be dependable on the mileage. Your estimated mileage after four years is 72,000, which would, I guess, make it worth less. Might be wrong.
2017 Dynamique S Nav 1.2 TCE in Cosmos Blue, RLink 3.3.16.981

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Depreciation advice 6 months 3 weeks ago #5

  • duracel3634
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I personally have never used PCP Finance but in principle I guess it is a good idea.
What you need to remember is the Finance Company and the Dealer still want to make money out of you so I am guessing you make higher monthly payments, because of quoted mileage, then at the end of the contract, if you give up the car, the dealer gets a better price to resale the car. No doubt there are methods built in to screw you further.
2016 Black 1.2 TCE Signature Nav S Manual Petrol Bose with Tech Pack and Drop Tow Bar
Running Rlink 2 Version: 2.2.19.300 Boot 4992
Map Version: mappackage_tt_feu_mid_2018_06

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Depreciation advice 6 months 3 weeks ago #6

  • bgatty68
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Hi cheers for that. What made you go for the iconic?

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