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Discussion Starter · #1 ·
Hey guys, first post here. I currently have a C6 Z06 and was considering trading up to an R8 but I have a question. How is the depreciation so far on the R8? If I bought a used 08 for say 110, could it really drop to 50k in say 4 or 5 years? I know it's impossible to tell the future but with all your experience I was hoping you could give me a better feeling about buying one. I would love an R8 but I don't think I could stomach losing 60 grand in five years. Please share.

Thanks,

Patrick
 

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Hi Patrick

I guess you live in te US, here in the UK all cars have taken a big hit, I paid £93k for mine in Sept 08 and have just been offered £67,500 as trade-in against a V10. Car has only covered 2,250 miles. So yes, be prepaired to swallow hard. Good second hand would be your bet bet.

Good luck

Jerry
 

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Discussion Starter · #3 ·
Thanks for the reply. Yes, I live in the states. I don't want that kind of depreciation. I think I will have to wait till the prices drop a bit more as used 08's are still going for anywhere from 110-130 here. Other than that, how has your experience been with the R8?
 

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It's absolutely great. Fun to drive, fast, surprisingly spacious and comfortable and 100% reliable.

I've used it as a daily driver until we moved to a farm.
 

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Regarding depreciation, my dealer routinely asks buyers new to them to sign a contract stating that the dealer will buy back the car at sticker in the first year and that they have first right of refusal should the buyer sell.

That seems to conflict with the other statements of drastic and immediate depreciation on R8s.

Perhaps the global economic meltdown has forced people to sell at a lower price than they would otherwise.
 

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I am pretty sure the R8 would depreciate about 5-10K a year easily. Another important factor, other than the economy, is the fact that the R8 has newer "models": the V10 and V12 (I know it's not in production yet). If you think about it: current R8 V8 owners will likely sell or lease return their cars to get the V10 and there will be a hell lot more R8 for sale on the market (there are already so many!), resulting in depreciation of the car.

The most logical thing for you would be to lease one so at least you don't have to worry about depreciation.

ps: Have you driven the R8 because your Vette and the R8 are 2 different worlds.
 

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Don't worry about it mate, once you have one you won't want to sell it ever ;-)
 

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That seems to conflict with the other statements of drastic and immediate depreciation on R8s.
the depreciation is in plain view in the UK on sites like autotrader.co.uk and the audi.co.uk approved used lists. lots of used r8's that have lost around 20% of their value.

Regarding depreciation, my dealer routinely asks buyers new to them to sign a contract stating that the dealer will buy back the car at sticker in the first year and that they have first right of refusal should the buyer sell.
any dealer offering a guaranteed buy-back that they would actually honor regardless of market conditions is running as a casino rather than a solid business.
 

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Discussion Starter · #10 · (Edited)
Actually, I have not driven an R8 but my jaw hit the floor the first time I saw one. I think it would be the right fit for me as I'm looking for an exotic looking car but I don't want to sacrifice ride quality. Please correct me if I'm wrong but the R8 seems to fit these requirements perfectly. At least from what I've heard anyway. I bought my Z06 a year ago and have done nothing but throw money at it trying to soften the ride. I also think that the V8 R8 would be plenty fast enough since the roads where I live are horrible. Please tell me more about your driving experience in the R8. One more question also please: Were R8's available in the U.K. in 2007? I don't think I could get one in the states till 2008. Is that correct?
 

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Please tell me more about your driving experience in the R8.
The handling is very, very confidence inspiring. Some say not quite lively enough, but I think only when compared to the best of the Porsches. I suspect it comes down to personal preference.

The ride is very comfortable, especially with the magnetic ride set to "Sport Mode off". Definitely not sedan soft (potholes are still a big no-no) but much, much better than you'd expect for a car with a sub-4" ride height and 30-series summer performance tires.

Others have spoken eloquently to the visual effect of the car.

If you are seriously considering this kind of investment in a car, the pleasure of a trip to the wine country in Sonoma, California to do the "Audi R8 Sportscar Experience" at Infineon / Sears Point Raceway is well worth the expense so you can experience the car for yourself. When Swansailor and I were there, one of our fellow drivers was a hi-performance Corvette owner. He was on the R8 Waiting List and wondering if he really wanted to own this car. I'm pretty sure the answer after our sessions was a definite Yes.

Here is some more information:
http://www.r8talk.com/forums/showthread.php?t=2210
http://www.audiusa.com/audi/us/en2/experience/audi_forum_sonoma.html
http://www.truthinengineering.com/audi-driving-experience/
 

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I think it would be the right fit for me as I'm looking for an exotic looking car but I don't want to sacrifice ride quality.
It's still a sports car rather than a gt so there is a trade-off of some comfort for the handling, but the ride is comfortable enough that I've found it ok for 8 hour drives across mixed road types including rough, twisty stretches.
 

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My dealer had the same buy back policy. What the contract says is they have the first right of refusal. I thought this was extortion so I tested them. They passed on buying back the car. Now I can do whatever I want with my property.
 

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Actually, I have not driven an R8 but my jaw hit the floor the first time I saw one. I think it would be the right fit for me as I'm looking for an exotic looking car but I don't want to sacrifice ride quality. Please correct me if I'm wrong but the R8 seems to fit these requirements perfectly. At least from what I've heard anyway. I bought my Z06 a year ago and have done nothing but throw money at it trying to soften the ride. I also think that the V8 R8 would be plenty fast enough since the roads where I live are horrible. Please tell me more about your driving experience in the R8. One more question also please: Were R8's available in the U.K. in 2007? I don't think I could get one in the states till 2008. Is that correct?
If you are lucky you will see mine on the road since I live in the Boston suburbs and I drive my car most days now that the snow has gone :D.

This car is everything Desperado says and more (we did the Sonoma Audi experience together). I plan to show mine at the Larz Anderson Museum German Car Day on Father's Day ...come and have a look if you can wait that long!
 

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You can assume about a $30,0000 first year hit depending on the model and options. Basically a 2008 is worth around $110,000 retail and about $100,000 give or take at wholesale. Some options (R-Tronic +$2450 and Navigation +$800) add a nominal amount to the value,\. Things like carbon fiber may help with the sale, but generally don't add much value. After the year one hit you can assume about another $20,000 to $30,000 hit year 3 and then it will slow down to about $6,000 a year or so. Supply more than anything will determine how badly the hit is. A good general rule for cars is that they lose 1/2 their value in the first 3 years and then 1/2 of that value in the next 3 years.

The Black Book Residual Values which are used in leasing, etc. are as follows for a 2008 Audi R8 are as follows:
This year: $99,000 (! year old)
12 months from now: $71,000 (2 years old)
24 months from now: $63,500 (3 years old)
36 months from now: $56,500 (4 years old)
48 months from now: $50,000 (5 years old)
60 months from now: $44,000 (6 years old)
72 months from now: $38,500 (7 years old)

I hope this helps with your analysis. I recommend buying one because they are a great car and a blast to drive, not because they are any sort of an investment. They aren't an investment at this point it their model life.
 

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Hey US R8 owners, don't worry about depreciation, in the UK the purchase price of the car is getting on for double what you guys pay :)
 

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Actually, I have not driven an R8 but my jaw hit the floor the first time I saw one. I think it would be the right fit for me as I'm looking for an exotic looking car but I don't want to sacrifice ride quality. Please correct me if I'm wrong but the R8 seems to fit these requirements perfectly. At least from what I've heard anyway. I bought my Z06 a year ago and have done nothing but throw money at it trying to soften the ride. I also think that the V8 R8 would be plenty fast enough since the roads where I live are horrible. Please tell me more about your driving experience in the R8. One more question also please: Were R8's available in the U.K. in 2007? I don't think I could get one in the states till 2008. Is that correct?
I have had my R8 for 2 months now after owning multiple Vettes..suspensions on the vettes have really improved so I'm surprised you still have a need to soften the ride.

Both cars move when you step on them, but the R8 is a major step up over the Vette in all respects.. I liked my later Vettes, but I LOVE the R8...this is the 1st car I have owned that I feel this way about a car..
 
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