Why spend £15k on a QP worth less than £10k?

Silvercat

Member
Messages
1,166
I don't think you have done too bad to be honest. These big lumpy motors have always depreciated heavily from new until they get to £5k! Look at all the old big Mercs and AMG's.

There are so many alternative competing options out there and with a minuscule buyer marketplace it is tough. I bought my 2010 XJL SuperSport about a year ago for a fair bit less than your QP as a comparison.

Why are you looking to sell it? To get into something else? Or just don't need it any more?
My circumstances have changed. I had a golden opportunity to take early retirement last year, after 31 years with the same company, so I have decided to prioritise other things now.
 

rockits

Member
Messages
9,175
My circumstances have changed. I had a golden opportunity to take early retirement last year, after 31 years with the same company, so I have decided to prioritise other things now.
Sure, I can understand that. Unless you use the car enough and unless it gives you enough pleasure I would be inclined to offload even at a lower than hoped price. Although you have spent a fair bit on it a QP will have a certain constant risk of something else going wrong. The cost of servicing, repairs, consumables and ongoing maintenance will all be there and won't be particularly cheap.

Only you can decide what best to do. I have the same with the Jaguar XJL SuperSport as I don't really need it but it is a lovely car that gives me pleasure amd so far has cost buttons to run. Also depreciation won't be too horrific. Therefore I'm keeping it for a while yet.
 

Silvercat

Member
Messages
1,166
I suspect that I will end up keeping the QP afterall and take the risk. To be honest it's far too good a car to just give it way which I won't do. It deserves much more than this. I will decide end January.
 

philw696

Member
Messages
25,530
I suspect that I will end up keeping the QP afterall and take the risk. To be honest it's far too good a car to just give it way which I won't do. It deserves much more than this. I will decide end January.
I do not blame you at all.
Just madness to give it away unless needs must.
 

empzb

Member
Messages
229
This will make you feel better.

In 2002 I bought a used (ex Peugeot) 18m old 607 V6 for £17k... sold for £150 five years later for scrap as it was worth nothing...and I could not sell it to anyone... they retailed at £30k new.

Totaly different car but big limos loose tones.

I thought me losing £4k on a 6 series in 8 months was bad. Ouch on that Peugeot!
 

rockits

Member
Messages
9,175
I think the worse ones are always the family/wife's cars. The last one was a 2011 Freelander 2 SD4 HSE bought at 3 years old for £17500 and sold 5 years later for £7750. Still not bad for a family beaten motor for 5 years and 50k-60k miles it did. Not much went wrong either.

Dropped 1500 on my QPV Exec GT in about two years. Most have been depreciation free or very low and a few appreciated so overall I can't complain.
 

Scaf

Member
Messages
6,598
This will make you feel better.

In 2002 I bought a used (ex Peugeot) 18m old 607 V6 for £17k... sold for £150 five years later for scrap as it was worth nothing...and I could not sell it to anyone... they retailed at £30k new.

Totaly different car but big limos loose tones.
I had a 607 - sluggish off the start but ate up the miles and lovely quiet ride - don’t seem many on the road.
 

elephant4009

Junior Member
Messages
52
It's not just the four doors which are falling in price, judging by the winning bids on e bay, £7000 is probably a good price for a 3200 or 4200.
Read the reviews of our cars in classic magazines or non specialist forums & what they are saying is, 'buy an inexpensive Maserati now & enjoy big bills on these unreliable cars later.' Nobody though seems to say, buy an expensive Ferrari & enjoy big bills on these unreliable cars later.' Still, with values so low, how can we justify paying thousands for parts. As an example, the ABS pump recently died on my 3200 & a replacement was several thousand pounds. Without the help I received on this forum, sourcing a replacement for next to nothing, I would undoubtedly have scrapped the car. Tragic.
 

philw696

Member
Messages
25,530
I think now is the time if you run one of these cars you have to be practical with some knowledge and tools.
Then buying and running a fast sports GT car and keeping it going is very doable and makes the experience as enjoyable without too much pain.
There are a few of us on here who do it.
Otherwise it's a Big War Chest needed.
Just my thoughts.
When I had the Ferraris I had the money to get them serviced and repaired by the Dealer in Exeter purely for the Service history.
Wouldn't want to do it again as I have different things I want to spend money on.
 

Nibby

Member
Messages
2,099
It's not just the four doors which are falling in price, judging by the winning bids on e bay, £7000 is probably a good price for a 3200 or 4200.
Read the reviews of our cars in classic magazines or non specialist forums & what they are saying is, 'buy an inexpensive Maserati now & enjoy big bills on these unreliable cars later.' Nobody though seems to say, buy an expensive Ferrari & enjoy big bills on these unreliable cars later.' Still, with values so low, how can we justify paying thousands for parts. As an example, the ABS pump recently died on my 3200 & a replacement was several thousand pounds. Without the help I received on this forum, sourcing a replacement for next to nothing, I would undoubtedly have scrapped the car. Tragic.
As values drop there's more breaking for spares adverts appearing, now we all know the price of new parts is very expensive but some of these cars getting broken up for spares there's people asking a price for s/h parts nearly the same as Eurospares charge for a new part in some cases.
 

zagatoes30

Member
Messages
20,971
If more are getting broken then supply and demand will throttle S/H prices until the supply of the frequently failing expensive parts drys up.
 

safrane

Member
Messages
16,892
We don't help ourselves here as well.

The cars remain excellent value for money, even when they are priced at the top end.

I note every winter, downturn, and environmental bang waggon moment that the price falls but then picks up again late spring and summer. Good cars will still command top money, but there are so many sheds and overpriced dealer stock with poor history left in the lean months and people want shut of them and so the market is dragged down further.

Keep your V8 Maser, they won't make them again and in a decade or so you and your car will be legislated off the road... but at least you will have enjoyed life.
 

Lozzer

Member
Messages
2,285
I think now is the time if you run one of these cars you have to be practical with some knowledge and tools.
Then buying and running a fast sports GT car and keeping it going is very doable and makes the experience as enjoyable without too much pain.
There are a few of us on here who do it.
Otherwise it's a Big War Chest needed.
Just my thoughts.
When I had the Ferraris I had the money to get them serviced and repaired by the Dealer in Exeter purely for the Service history.
Wouldn't want to do it again as I have different things I want to spend money on.
It's what I do , I enjoy getting to know my cars, it's part and parcel of owning it, and I take pride in maintaining and improving it, everything is logged and recorded, a FDSH isn't worth all that imo.
 

Sommi

Member
Messages
430
I had put mine up for sale here and even ebay last year. Initially i was optimistic based on the condition, history and the spec my QP boasts. No interest at all. Reduced price to a level where someone who knows and appreciate QP DS would consider it. Nothing again.
A year has passed and I have enjoyed another 2k miles in it. No problems no extra expenses other than service and mot. I completely agree that rather than try to sell for a pittance it may be worth keeping it long term. I do love it.
 

jasst

Member
Messages
2,319
It's what I do , I enjoy getting to know my cars, it's part and parcel of owning it, and I take pride in maintaining and improving it, everything is logged and recorded, a FDSH isn't worth all that imo.
WHS :clapps:
 

rockits

Member
Messages
9,175
Or Best Offer meaning less. Gees never known a car market like it in all my 47 years on this planet.