[Rene]

Glos Guy wrote:

Rene wrote:

What did you check exactly, just the car itself or spec? A 3 year old GT Line (petrol only) is on average around £21.000 (lowest 17k, highest 25k). That’s a slightly lower spec car, with a 1.2l petrol, and pre-facelift. That very car was £26.000 new as a manual. Your 57% strike me as rather odd, considering that even if don’t take the average price, but literally the cheapest 3008 GT Line MY18 on autotrader, you’re looking at around 35% depreciation.

Thats the average for a 3008 Rene. Not model specific. What dealers ask and what they get are two different matters. 40-50% depreciation is pretty normal after 3 years for most cars and French cars aren’t known for strong residual values.

To be fair, if you want to make a (somewhat) accurate prediction, you can’t really take all models into account – different trims depreciate better/worse. According to honest john, the 3008 in roughly the correct trim (it’s GT Line, rather than GT) depreciated around 35%.

I do agree that french cars (or in general cars that aren’t considered “premium”, albeit looking at peugeots prices..) appreciate worse than, for example, a BMW or Audi – but at least from my point of view, if we’re talking “investing” tens of thousands of pounds, the more accurate the prediction the better (and even predictions based on the actual numbers now might become very different in three years – i can’t even tell whether or not in three years the used market calmed down, because i don’t trust that the shortage will be entirely over by then).

That’s just me though, since i’m not giving financial advise (and neither are you), it’s just a different view on prices, probably influenced by what we actually would pay.

One thing though: for Kim, what the dealer asks, is what she has to pay, according to others – dealers don’t haggle with “us”.

Prior: SEAT Ateca Xcellence Lux 1.5 TSI DSG MY19, VW Golf GTE PHEV DSG MY23
Current: Hyundai Ioniq 6 Ultimate
Next: we'll see what's available in 2028.