My kids are getting bigger and finding it hard to fold up into the back of my 206cc...so I went along to Peugeot to get a price for a 307cc 138bhp.
My aegean blue 206cc SE has 17,000 miles on the clock, is 3 years old and is immaculate....FSH - the lot....
The 307cc was £18700 and Peugeot offered me £9,000 for mine and said that in 3 years time the 307cc would have a value of £7,000. And thats with me doing 6k a year....
I am fed up now...anyone know of any better deals anywhere....or a way of shrinking kids :-)
You need to get a car that retains its value better. However, these are all likely to be more expensive in the first place. My preference is for a second-hand A4 Cabrio at the moment, but you're lucky if you can find one for <£25k. I'm hoping they'll come down a bit in the winter.
[url=http://www.peugeot206cc.co.uk/newowners?id=442]Ex owner number 442[/url]
According to Autotrader's website, it should be worth £10875 assuming it is a 2.0SE on a 2001 Y plate? You can assume these figures may be a bit high but not nearly £2K out I would shop around or try selling it privately for about £10500?
307CC worth £7k in 3 years time??
i doubt that very much.
I'd guess the best cars for low depreciation are like prev said the Audi A4 convertible (and other Audis except A6 and A8), Mazda MX-5's apparently only keep 51-55% but forecourt prices suggest differently, Some Hondas (Civic Type R keeps 64% after 3 years!!).
One choice could be the Mazda RX-8- keeping 61%!! Theyre not that much more money than the 307Cc are they?
The only way to win is to practise "bangernomics" and never buy a car that costs more than £1k. Maximum depreciation on a £1k car is £1k
Or, if you have the money and the bottle, play the supercar game. Put down a massive deposit on something with a waiting list (Gallardo was the last one I recall) -- you need about £30k. Then finance the rest. and sell it after 3 months. Hopefully you'll get enough of a premium that it's cost you nothing, or you've made a small profit. Repeat with the next car.
Trouble is, it worked well with the M3 for a while, so a bunch of people tried it with the M3 CSL. But the CSL was reckoned by the mags to be not worth the extra over the ordinary M3 (£60k against £45k, IIRC) so a load of people lost money. OTOH, it was only a couple of months ago that second hand Porsche 911 Turbos (996 series) came below list price.
So as I said: you need money and bottle.
[url=http://www.peugeot206cc.co.uk/newowners?id=442]Ex owner number 442[/url]
If you don't want to loose money, don't buy a car or go with Carl's suggestion of the £1K car.
If however, you accept the depreciation, buy a car that you love (like a CC!!) and enjoy driving it. What price can you put on 2-3 years of enjoyable (roofless?) driving? I think if you go looking for a car that's not going to depreciate too much, then it does, you are in for a dissapointment
Garages have us all over a barrell when it comes to car prices but don't get me started on that!!
All garages try to screw you when you part-ex a car for sure.
All I can say is NEVER accept the first price they offer. Get either Parkers or What Car price guide from a newsagents to get an idea of what your car is worth first - then go to the dealers.
They will invariably make a stupid first part-ex offer - walk out the showroom. When they call you a day or two later "after speaking to their boss" tell then what you want & visit them again. When they make another daft offer, walk out again. When they call back, tell them where you have seen the price you want [Parkers / What car] and they will tell you these guides are not worth the paper they're printed on etc.... Hang up.
When they eventually see sense [assuming they need to meet their weekly / monthly sales target] they will do a deal on your terms. Has worked for me with my last 2 Pug's (a GTi & CC). Having been told I was in cloud cockoo land on what I thought my part-ex was worth, the dealer was in cloud cockoo land with me within 10 days on both occasions.
Of course, if you screw the dealer on the part ex, expect to pay full list price for the new car! (They end up giving you the "extra above what your car is really worth" as a discount on the new car to avoid being done for VAT fiddling.) I got a shade under £2k more than the dealer wanted to give me when I got my CC in April.... stand your ground & don't budge. If the dealer needs to sell, they will!
if i had sold my CC in march for the 307CC 180 i was considering buying then i was getting £13k for it. that's 02 plate with what would have been 34k miles.
car has a number of modifications but that doesn't add too much and the £13k never included the P20G CC number plate
Derek
206CC 2.0SE Owner 2001 to 2004 - 308CC GT Owner 2010 to 2011 - Now RCZ GT 200BHP Owner
I think the value of the 307cc and the TT were probably just the balloon repayment figures - with lower interest rates these are no l;onger 'guaranteed future values' in that the car will almost always be worth more
I know the novelty value of TT's has worn off now but £7k for a TT??
Can't see that happening for a while!
I'd check out the Glass's guide on the Peugeot website and so you know exactly what your car is worth on trade in. Parkers guides car be inaccurate as they aren't used by the trade.
As Derek says, dealers will always screw you for trade-ins. If you can sell privately then that's always the best way, although admittedly it can take time and it's not easy.
Also, there are a lot of 206CCs out there so second hand prices will be low. But think about how many 2nd hand CCs will be around in 2 years time - may well be worth selling up and getting out now.
I would shop around or try selling it privately for about £10500?
