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richc

Member

Registered: 24th Mar 07
Location: Ilkeston
User status: Offline

8th Mar 10 at 21:33

Anyone else lost money on cars due to mistakes or accidents?

If so how much?

deano87

Member

Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline

8th Mar 10 at 21:34

I bought a Punto for £5.5k.

I bet it isn't worth that now.

I lost money.

Scotty C

Member

Registered: 6th Nov 05
Location: Kidderminster Drives: 1.6 16v Sport
User status: Offline

8th Mar 10 at 21:34

Accident - 11k +

Robin

Premium Member

Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline

8th Mar 10 at 21:35

Yep, £3700 on my first Corsa by stripping it and selling the shell for £300 to Rick Draper, £1000 on my Nova by swapping it for a Corsa SRi which turned out to be worth £300 as a trade in on my Corsa C, which I lost £2k on when I sold it for £3k, lost about £3k on my Fiesta as it's sat in a yard in bits, Lost £460 on my Cavalier when I gave it away when the clutch went, lost £1500 on the missus' 350Z when we sold it back to Nissan.

I'm awesome with cars.

Fad

Member

Registered: 1st Feb 01
Location: Dartford Kent Drives: 330cd
User status: Offline

8th Mar 10 at 21:36

quote:
Originally posted by deano87
I bought a Punto for £5.5k.

I bet it isn't worth that now.

I lost money.

Fuck mine you spent enought time calculating the purcahse how could you of lost money already

John

Member

Registered: 30th Jun 03
User status: Offline

8th Mar 10 at 21:37

I've only lost general depreciation, not done too badly, got a more than fair price when I smashed my corsa up

deano87

Member

Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline

8th Mar 10 at 21:39

quote:
Originally posted by Fad

quote:
Originally posted by deano87
I bought a Punto for £5.5k.

I bet it isn't worth that now.

I lost money.

Fuck mine you spent enought time calculating the purcahse how could you of lost money already

2nd owner. Straight away would lose money. I got it for a bargain price, but bet if I traded it in I would get that for it.

Fad

Member

Registered: 1st Feb 01
Location: Dartford Kent Drives: 330cd
User status: Offline

8th Mar 10 at 21:42

I actually dont think number of owners play a big part in depreciation.

Gazdaman

Member

Registered: 30th Aug 07
Location: Leicester
User status: Offline

8th Mar 10 at 21:50

I've not lost money on the cars themselves. But I've ploughed quite a lot of money into cars and then sold them for the same purchase price.

The joy of buying cheap crap cars means I can't lose much money.

Worst purchase was my recent Fiesta, £450 bought. Clutch went, replaced that, costing probably £150. Something else went, sold it for £200.

Gaz

pow

Premium Member

Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline

8th Mar 10 at 21:51

I lost about 1k in 10 weeks on my first Ibiza after wrapping it into a tree in some shitty conditions, I expect i've lost a bit on the 'tow but the prices of them keep going UP so I'm sure it's not that bad

Mike

Organiser: North West and North Wales
Premium Member

Registered: 20th May 06
Location: nr. Skipton, North Yorkshire
User status: Offline

8th Mar 10 at 21:52

I bought a Corsa b for £2k and pummeled over £3k into it. No way I'm getting all that back but it's all good fun

richc

Member

Registered: 24th Mar 07
Location: Ilkeston
User status: Offline

8th Mar 10 at 21:53

quote:
Originally posted by Monster
Accident - 11k +

You had to pay out of your own pocket?

Andy Stocker

Member

Registered: 31st Aug 00
Location: Herts Drives: Porsche 911
User status: Offline

8th Mar 10 at 21:53

Not to mention the money spent on modifying the cars that you never get back.

Scotty C

Member

Registered: 6th Nov 05
Location: Kidderminster Drives: 1.6 16v Sport
User status: Offline

8th Mar 10 at 21:55

quote:
Originally posted by richc

quote:
Originally posted by Monster
Accident - 11k +

You had to pay out of your own pocket?

Yup.

Joe

Member

Registered: 20th Jun 04
Location: Hesketh Bank, Lancashire
User status: Offline

8th Mar 10 at 21:56

If I bin my S3 through my own fault I will lose nearly £13,000 as I'm on my dads traders policy and it wouldn't be worth claiming because of NCB's. Pressure!

gavin18787

Premium Member

Registered: 22nd Feb 05
Location: Basildon, Essex
User status: Offline

8th Mar 10 at 22:05

Drives supercharged Tec with torque

pow

Premium Member

Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline

8th Mar 10 at 22:15

Poor Gavin

corsadonk

Premium Member

Registered: 4th Jul 09
Location: Marlborough, Wiltshire
User status: Offline

8th Mar 10 at 22:19

I bought my Signum 3.2 Elite for 5.5k, just before the news about the new tax bands, sold it less than 18 months later for 3k. however it did need both back boxs, a wheel bearing, and new brakes. So glad to get rid. But it's very rare to break even, or make a profit.

Something is only worth what someone wants to pay for

chloe16v

Member

Registered: 29th Nov 07
Location: Rotherham
User status: Offline

8th Mar 10 at 22:27

we use to repair cat c/d write offs and never lost money on them

Colin

Member

Registered: 4th Apr 02
User status: Offline

8th Mar 10 at 22:39

Lots!

I wont loose any sleep, its better than having a crack addiction.

[Edited on 08-03-2010 by Colin]

basslinecorsa

Premium Member

Registered: 15th Jul 09
Location: Gravesend
User status: Offline

8th Mar 10 at 22:41

I bought a polo three years ago for £6k and spunked £1k+ on a bilstein kit and 17's with yoko tyres after having it for one month, went out to test the limits, promptly wrapping it round a lampost

I'm still paying the finance on it now

Project Scarlett - http://www.corsasport.co.uk/board/viewthread.php?tid=661417

Jordan C

Member

Registered: 3rd Dec 07
Location: Dundee City Drives: Valver Corsa
User status: Offline

8th Mar 10 at 22:45

I lost £400 on my 1st corsa then bought a £600 saxo and swaped it for my current corsa think theres about 4k in that now

Reecemac

Member

Registered: 7th Jun 06
Location: Essex
User status: Offline

8th Mar 10 at 22:46

Got my corsa for nothing, sold it for £1000ish. Fiesta was £1400 sold for £1000. Mr2 brought for £3750 (roof wasnt folding, first day I had it looked down where in folds to find a 2ltr water bottle jamming it

) with similar milage, condition going for £4500 - £5000 now, well happy.

SetH

Member

Registered: 15th Jul 01
User status: Offline

8th Mar 10 at 22:48

quote:
Originally posted by chloe16v
we use to repair cat c/d write offs and never lost money on them

How many people lost their lives in your cut n shuts

AlexW

Member

Registered: 25th Oct 08
Location: Essex
User status: Offline

8th Mar 10 at 22:49

Im actually set to make money on my tigra, got it very cheap and its worth much more than ive spent.

My nova, if i hadn't modded it i would of also made money on it. Corsa atm i could probably break even.

Il lose money, but meh, its life.

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