R8/Other sports cars depreciation

[Louis 2008]

I purchased a 2008 v8 coupe this year with 32,000 miles in great condition. Having researched low and higher mileage R8/v8s it seemed that they lose 10% of their value for the first year and then about 5% each year after that (% reduction based on previous years value). For mileage above 4,000 per year it seemed the market deduct was in the range of $0.25 per mile. So for my 4-year old R8 with 16,000 "extra" miles this would equate to a $4,000 additional reduction in value since new. Now that this car will only be driven by me about 4,000 miles per year it should revert to the approximately 5% per year value loss in the future in my opinion.

[drifting]

Hi
A little different in the UK, bought my march 2012' 3months old as an ex demonstrater.
New on the road price £130.0000, I paid £113,0000.
Due to major dust and sooting issues down the side and rear of the car, Audi UK purchased the car back off me for only £83,000........ 16 months of motoring and a loss of £30,000!!!!!
Work this one out in 16 months I only did 4500 miles approx. a mere £6.66 per mile or $10.59 .

Martin

I bet that hurt.

was a issue ever found?

[desperado]

I purchased a 2008 v8 coupe this year with 32,000 miles in great condition. Having researched low and higher mileage R8/v8s it seemed that they lose 10% of their value for the first year and then about 5% each year after that (% reduction based on previous years value). For mileage above 4,000 per year it seemed the market deduct was in the range of $0.25 per mile. So for my 4-year old R8 with 16,000 "extra" miles this would equate to a $4,000 additional reduction in value since new. Now that this car will only be driven by me about 4,000 miles per year it should revert to the approximately 5% per year value loss in the future in my opinion.

Hey, that is some great analysis. Thank you for sharing it with the group!

I guess the only thing which might change the formula would be the eventual arrival of new models of the R8.

[mark25]

Why didnt you sell it privately mate? I would never sell a car back to a main dealer as they offer such low money! For me buying from a main dealer only makes sense if you need to get a finance deal. Not implying you did as you bought your car new! If you are smart about it you can pick up a low mileage well maintained car privately for considerably less. I lost £20K on my old V8 but i did over 30,000 miles in it and kept it for 2 years so could justify that cost. Hoping to lose a lot less on my V10 tho!

[martin torquay uk]

Regarding the brake dust, they replaced disks (rotors), pads and even the tyres. Audi UK, point blank refused to admit there was a problem. Surely only doing 12 miles on B roads you shouldn't get soot on the back of you trouser when getting out!
Audi offered to buy back, and, seen as I was off to India for four months, it was a little later to try and sell privately. I just feel very sorry for the next unsuspecting purchaser of this vehicle .....

[locorico]

Great post by Louis regarding a "formula" for determining the value of a car. But do you have any thoughts on what sort of "premium" one would put on a car with ultra-low miles?

I'm looking to buy a 2010 with only 1,400 miles. As a buyer, I'm considering this a 3 year old car now (2013-2010 = 3) even though it's only been in service a little over 2 years. The seller might not see it this way, but we'll see. So, I can use the 10%, 5%, 5% methodology to come up with a rough price. But I think some consideration (or "add back") should be made for the low mileage as well. Thoughts?

Thanks!

[jimmay]

From Saturday's Globe and Mail in Canada. Review of the 2010 R8 as a used car.

"Unsurprisingly, the R8 has held its value well. Expect to pay from $100,000 up to $110,000 for a 4.2-litre version, and from the low to mid-$120,000 range for the 5.2-litre V-10. Whichever model you have your eye on, this one has “collectible” written all over it."

http://www.theglobeandmail.com/globe...rticle5371510/

[slammedr8]

From Saturday's Globe and Mail in Canada. Review of the 2010 R8 as a used car.

"Unsurprisingly, the R8 has held its value well. Expect to pay from $100,000 up to $110,000 for a 4.2-litre version, and from the low to mid-$120,000 range for the 5.2-litre V-10. Whichever model you have your eye on, this one has “collectible” written all over it."

http://www.theglobeandmail.com/globe...rticle5371510/

What's this he writes

One note here: other than a price change and a minor power upgrade, the 2010 and 2011 editions of the R8 were virtually identical.

[slammedr8]

Also, 2010 V10 is still 130-135 (Canadian funds)...not 120-125

[mark_nimda]

dont know about the MT's but I am thinking the R-TRONIC's will drop quick after the Dual Clutch is out