ben_clio_16v
Member
Registered: 14th Dec 03
Location: London
User status: Offline
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Right, bought my car for 9k in November brand new with one years free insurance, had a stupid idea of saving money.
Saw an advert offering Corsa's with one years free insurance for 19+ so thought i could do a part exchange with Vauxhall for my one year old Clio with under 10k on it. That way i would save around £1,500 on insurance and in 2 years time still have a one year old car. Hope that makes sense, but i've been told that even though it will only be a year old and with low mileage i'd be lucky to get £5,500 for it. That true??
Wouldnt sell it after a year cause i've done pass plus and fingers crosses should have a years ncb, just didnt realise depreciation was that steep. Cheers in advance
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GT4Brody
Member
Registered: 26th Sep 01
Location: south
User status: Offline
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That sounds a tad bit low for a one yr old car, they do depriciate but not thay much, usuually about 2 grand after a yr depending on milaege condition.
Although garage well offer you less than its worth anyhow so be better off sellin privately
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bubble
Member
Registered: 24th Jan 04
Location: Darwin, NT Australia.
User status: Offline
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yeah i work for vx so got my sxi for 7800 and in march it;ll be 10months old and im havin new one, mine only worth 6750 now. if i bought private woulda cost 9800 so woulda lost 3k in under a year
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Phil321
Member
Registered: 10th Mar 01
Location: Manchester
User status: Offline
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Depreciation is a bitch and you always get less in part ex. Sell the Clio privately and then get the Corsa.
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bubble
Member
Registered: 24th Jan 04
Location: Darwin, NT Australia.
User status: Offline
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phil321 is right.
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dannycorsa c
Member
Registered: 8th Mar 03
Location: manchester (astley/tyldesley)
User status: Offline
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but u gotta remeber the free insurance saves u alot ov money aswell so ur not out ov pocket as bad as if u were paying ur own insurance! i got a new corsa at 17 with free insurance to me on a car like that at my age must have been worth £3000 easy as it was in my own name!
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