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When do value of cars drop

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I'm like looking into buying a used car and was wondering since it's almost 2015, will car value drop because of new cars coming out. I know cars depreciate every year but was wondering when exactl… Read More
bullet9t9 Avatar
2y, 6m agoPosted 2 years, 6 months ago
I'm like looking into buying a used car and was wondering since it's almost 2015, will car value drop because of new cars coming out.

I know cars depreciate every year but was wondering when exactly or roughly around what month

Thanks in advance for any help
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2y, 6m agoPosted 2 years, 6 months ago
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The Value Added Tax on a new car is effectively driven away as soon as you leave the salesroom (forecourt).

It depreciates again every year, but at three years there is a larger drop in value.

You could arguably also consider a loss at 10,000 miles (as that is often a determining factor when second or subsequent owners are looking for pre-owned vehicles).

As tpol suggested, when the new registration marks are issued, older vehicles are then not as attractive, but depending on make/model/colour/specification, as Monkeybumcheeks mentioned, a previously registered, or previously owned vehicle, can actually increase in value depending on the lead-time from order to delivery of a new model.

Additionally, when a new model is announced, the value of the existing or previous models from the same marque may also suffer a depreciation in value.

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#1
Depends on many different factors.

Do your research and good luck !
#2
March and September when people trade in their old cars for new Reg cars are the some of the best times to look for an used cars. Clearly some models depreciate more than others.
#3
The Value Added Tax on a new car is effectively driven away as soon as you leave the salesroom (forecourt).

It depreciates again every year, but at three years there is a larger drop in value.

You could arguably also consider a loss at 10,000 miles (as that is often a determining factor when second or subsequent owners are looking for pre-owned vehicles).

As tpol suggested, when the new registration marks are issued, older vehicles are then not as attractive, but depending on make/model/colour/specification, as Monkeybumcheeks mentioned, a previously registered, or previously owned vehicle, can actually increase in value depending on the lead-time from order to delivery of a new model.

Additionally, when a new model is announced, the value of the existing or previous models from the same marque may also suffer a depreciation in value.
#4
fanpages
The Value Added Tax on a new car is effectively driven away as soon as you leave the salesroom (forecourt).

It depreciates again every year, but at three years there is a larger drop in value.

You could arguably also consider a loss at 10,000 miles (as that is often a determining factor when second or subsequent owners are looking for pre-owned vehicles).

As tpol suggested, when the new registration marks are issued, older vehicles are then not as attractive, but depending on make/model/colour/specification, as Monkeybumcheeks mentioned, a previously registered, or previously owned vehicle, can actually increase in value depending on the lead-time from order to delivery of a new model.

Additionally, when a new model is announced, the value of the existing or previous models from the same marque may also suffer a depreciation in value.
Thanks a lot for answering my question. Going to be buying a almost new car during March 2015 ( looking at 2012+ bmw hatchback)
#5
bullet9t9

Thanks a lot for answering my question. Going to be buying a almost new car during March 2015 ( looking at 2012+ bmw hatchback)



Look out for one with working indicators, they attract a premium for their rarity.. (_;)
#6
bullet9t9
Thanks a lot for answering my question. Going to be buying a almost new car during March 2015 ( looking at 2012+ bmw hatchback)

You are very welcome. Happy motoring! :)

(PS. I saw you "up-voted" my response, but one of the site's serial "down-voters" has reversed that without offering an alternate viewpoint).

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