Why do AMs have such poor resale value?
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I would argue they have great resale value IF you buy them right... 2007s are still pulling the same money they were 2 years ago if you bought them right. I actually made money on mine when I sold it.
The first 3 years depreciation is steep, after that they flatten out significantly until they completely flatline in the $60s (unless its stupid high mileage)
The first 3 years depreciation is steep, after that they flatten out significantly until they completely flatline in the $60s (unless its stupid high mileage)
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12qts of synthetic alone is costly. Oil filter for my V8V was only $29. My dealer charges $550 for oil change ($170/hr labor). Do it at an indy it will be more like $300. NOT BAD IMO
Porsche repair costs are the same as an Aston? I was surprised to hear that as being an owner of a few Porsches and a Aston. I believe the dealer last quoted me over $800 for an oil change for my Aston where one on a 997 TT is about $3-$400 depending on dealer. Oil filters as well as air filters for my DB9 are simply the most expensive I have ever had to buy for a performance car. Last time I checked the dealer my DB9's oil filter cost was $65-69 and a set of air filters were close to $200.
People are really offering you 20k less than your asking price? I have zero tolerance for that crap! My guess is a lot of these buyers are hoping for a "home run" so they can profit from your ignorance. Stay strong at your price but allow for some negotiation so the buyer feels they got a deal. Good clean low mileage examples are hard to find. I paid a premium when I bought mine with only 10k miles on it but glad I did because the car feels showroom new when driving it. Buyers who are informed will realize that the lower mileage cars usually end up costing less in the long run. Good luck!
People are really offering you 20k less than your asking price? I have zero tolerance for that crap! My guess is a lot of these buyers are hoping for a "home run" so they can profit from your ignorance. Stay strong at your price but allow for some negotiation so the buyer feels they got a deal. Good clean low mileage examples are hard to find. I paid a premium when I bought mine with only 10k miles on it but glad I did because the car feels showroom new when driving it. Buyers who are informed will realize that the lower mileage cars usually end up costing less in the long run. Good luck!
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My research shows that Exotic Cars typically depreciate about 55% in 5-years, whereas more conventional cars like Toyota or Honda only depreciate about 45% in 5-years. Of course the $$$ depreciation is considerably different based on initial purchase price. That would put my loaded 2008 that had MSRP of $128K at about $57K now.
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Believe it or not these cars will bottom out at some point and eventually start to go up. I bought a 2005 Lotus Elise in 09. Paid 25k for it. Today the same Elise with more mileage will run in the low 30's. I think that car hit the bottom value around 2010.
I'm not sure what the bottom looks like for these cars but I suspect it lives somewhere ABOVE the 2005 Elise I had. Then slowly over time it will appreciate. It's an Aston after all- NOT a Honda.
I'm not sure what the bottom looks like for these cars but I suspect it lives somewhere ABOVE the 2005 Elise I had. Then slowly over time it will appreciate. It's an Aston after all- NOT a Honda.
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Here's an outsiders guess for a V8V. They'll go down to about $40k at 10 years old, maybe a little less. Then they will lose about $1k per year for the next 10 years and then begin to climb slowly for another 10. After that they'll either plateau or really jump. But that's just a guess. I'll be dead or in a wheel chair before any current model becomes valuable though. I'm pretty sure of that.
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Or perhaps that had something to do with the economy in 09' versus today? I bought my V8V in 09 for a steal......our memories are short but I recall the world coming to an end back then.
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The 911's seem to always be money pits with depreciation. Unless it's a special edition (GT3, GT3RS, etc), I'd stay away from them unless you are ok with losing your tail on it.
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Remember that in the 100 years that Aston as been making cars you could add all of them up and arrive at a total number that is less than just 1 successful sales year for the Ford Mustang. What did they sell in 2006... somehthing like 450,000 cars! Every Aston should eventually hold a decent value and then start to appreciate... at some point anyways.
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Totally agree! Pre-owned vintage and exotics prices are driven by the mood of the economy - nationally and sometimes locally.
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Absolutely agree...
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Well time will tell. I didn't buy mine expecting it to be a huge return on investment. But I'm betting that it will do just fine and rebound from the depreciation eventually.
Here's a thought-
Cars like the Tesla model S signal a rapid change in everything we currently think we know about this industry... Its a real game changer IMO. The way that Sony Discmans were back in 2000- Then suddenly Apple, the ipod and itunes redefined how we experienced, purchased and supported an industry long ago established that phase out only took all of 2 years for mainstream to catch up. Hell- we could wake up in as little 5 years from now and find that all of our Astons are instant "classics".
!
Here's a thought-
Cars like the Tesla model S signal a rapid change in everything we currently think we know about this industry... Its a real game changer IMO. The way that Sony Discmans were back in 2000- Then suddenly Apple, the ipod and itunes redefined how we experienced, purchased and supported an industry long ago established that phase out only took all of 2 years for mainstream to catch up. Hell- we could wake up in as little 5 years from now and find that all of our Astons are instant "classics".
!
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