AM Vantage depreciation

Ewan

Ewan

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Reading the latest EVO, I see that their time with a new AM Vantage has ended. Over only 9 months and a few thousand miles, it depreciated from £165k to £99k. No wonder AM are in trouble, as not many people want to buy into that level of loss - it’s nearly £2k a week!
McLaren also depreciate badly.
But similar cars from Ferrari, Lambo and Porsche all fare far better on a financial level, so it’s not genre related.
Is it a British-built problem?
 
dickygrace

dickygrace

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When the new Vantage came out you could buy them for £1k a month nil deposit if you were canny and quick. They were basically reduced to £100k. You’ve done ok if that’s the case.
 
gb-gta

gb-gta

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Maybe the likes of Ferrari and Porsche don’t do as well as it looks on paper. Mainly because the ‘basic’ price is generally a million miles away from what people actually pay new when they are optioned up heavily. Which is pushed heavily as something you must do.

But they do all lose an enormous amount of money, apart from the limited run cars. Having said that, don’t you need to have lost gazillions on the cooking models first before you are allowed to buy one that holds its money?!
 
Guy

Guy

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gb-gta said:
Maybe the likes of Ferrari and Porsche don’t do as well as it looks on paper. Mainly because the ‘basic’ price is generally a million miles away from what people actually pay new when they are optioned up heavily. Which is pushed heavily as something you must do.

But they do all lose an enormous amount of money, apart from the limited run cars. Having said that, don’t you need to have lost gazillions on the cooking models first before you are allowed to buy one that holds its money?!
Click to expand...
very good point. Average for Ferrari UK options 3 years ago was £74k! "What if I ordered a base spec car?" "We would take your order but the factory will never build it as it will continually drop down the build list to accommodate more profitable cars!" I am not sure that the McLarens and Astons are much different? No idea.
 
N

nigw

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They also did a 24 mth lease deal at £1000/mth approx a year ago, which was quite popular.

I’ve been keeping an eye on prices, as I might get one at some point. The cheapest have just dropped below £80k (there’s a 2018 car on Autotrader with 28k miles for £79,950.... that’s a lot of depreciation in 2 years unless you got a lot off list price when buying.
 
Felonious Crud

Felonious Crud

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The resale value on the new Vantage has been hammered by dealer discounts and finance deals. And by it not being especially well-loved, the poor thing.

I had one for a couple of weeks. Whilst it was very capable in many ways, it just wasn't really for me. I - and even Mrs Crud - much prefer my V12S.
 
gb-gta

gb-gta

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I’m sure the new vantage is an excellent car, on paper, using statistics, most likely a better car. They are just not as elegant in terms of styling inside and out.

Instead of an iron fist in a velvet glove, it’s now more like an iron fist in a bejazzled gin bar.

Id still have one if someone gave me one though!
 
B

bigbob

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Good points re Ferrari. If you had ordered a new 488 a year ago at, say, £240k as many of them are now what would that trade at? £170k tops I would have thought. It's the same with all of these cars unless they are genuine low volume special editions. Either buy then to keep forever or wait a year or two.
 
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Andyk

Andyk

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nigw said:
They also did a 24 mth lease deal at £1000/mth approx a year ago, which was quite popular.

I’ve been keeping an eye on prices, as I might get one at some point. The cheapest have just dropped below £80k (there’s a 2018 car on Autotrader with 28k miles for £79,950.... that’s a lot of depreciation in 2 years unless you got a lot off list price when buying.
Click to expand...

Is that the dark blue one...?.....I love the new Vantage but I think it may have been 30k to much to start with which I think Aston Martin realise which is wht they dropped the new price by about 15k this year.......…...If the start point was 95/100K I think it may have faired a lot better...……...I see one everyday on the motorway and it always looks striking. Yes I know lots do not like the front which will always divide opinion. With that AMG engine it would be a much better everyday car than maybe the achingly beautiful last shape. I have been waiting to drive one around Silverstone but because of COVID not booked it yet. Will be doing it in March I think....
 
Felonious Crud

Felonious Crud

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bigbob said:
The other thing is people pay list for Ferraris and Porsches in the main whereas Astons and McLarens appear to offer big discounts so the true depreciation is probably similar.
Click to expand...

For context, mine was bought new at 80% of list and I paid 70% of that when it was a year old. On paper that looks like 40% depreciation in one year, the reality was a cash depreciation of 30%.
 
rossyl

rossyl

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Aston's do decline in value. But, Aston's do come back.
The previous DB7 Vantage was down at £12-15k about 4-5 years ago. Now they are closer to £30k.

There are many more AM Vantage's than Ferrari's. AM lack the same exclusivity. (unfortunately Ferrari have changed this)

Porsche the standard versions do fall in value a lot, it might take a little longer. However, they do depreciate a fair bit.

McLaren's are terrible for depreciation.
 
Andyk

Andyk

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rossyl said:
Aston's do decline in value. But, Aston's do come back.
The previous DB7 Vantage was down at £12-15k about 4-5 years ago. Now they are closer to £30k.

There are many more AM Vantage's than Ferrari's. AM lack the same exclusivity. (unfortunately Ferrari have changed this)

Porsche the standard versions do fall in value a lot, it might take a little longer. However, they do depreciate a fair bit.

McLaren's are terrible for depreciation.
Click to expand...

I have also noticed recently the 2006/2007 V8 Vantage has started to rise again price wise....Seem to have gone up 2k to 4k in the last few months........An N400 dropped to about 32k but they are coming up now for 36k to 39k.
 
rivarama

rivarama

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Ferrari V12s depreciation is horrendous. One of the leading F dealer is selling a 2017 GT4 Lusso for £150k w 25k miles on the clock... that car was over £300k new !
£130-140k buys you a 30-40k Miles 2013/2014 F12 fairly loaded with options... those were mostly over £300k when new.

911 are probably the ones depreciating the slowest, even though they eventually end up fairly low as well.

at the end of the day, nobody wants to buy a high production 10 y/o car that still costs over £100k... let’s face it. So the higher the entry ticket to start with, the stiffer the depreciation. If you add reliability or build on top of it, you have a perfect recipe for disaster (McLaren)
 
rivarama

rivarama

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Andyk said:
I have also noticed recently the 2006/2007 V8 Vantage has started to rise again price wise....Seem to have gone up 2k to 4k in the last few months........An N400 dropped to about 32k but they are coming up now for 36k to 39k.
Click to expand...
I was going to say the opposite...
 
N

nigw

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Andyk said:
I have also noticed recently the 2006/2007 V8 Vantage has started to rise again price wise....Seem to have gone up 2k to 4k in the last few months........An N400 dropped to about 32k but they are coming up now for 36k to 39k.
Click to expand...

I think that’s just in line with the used car market - same pattern with cars like the 997...I don’t think it’s any inherent shift in desirability of the Vantage. Similarly, I was going to change my Mk7 Golf GTI daily for a newer one, but prices are £2-3k up on where they were earlier in the year.
 
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