How much will my S5 be in 2 years?

[Liddo]

Afternoon All

Does anyone have any idea what my S5 will be worth in two years?? If im still enjoying the car
after the lease ends, I may ask Audi to sell it to me instead of it going to auction.

It will have a maximum of 20k miles on the clock and hopefully be immaculate.

Any thoughts??

 

[Joetidman]

30% I would say, lost, so on a £50k car I reckon it would be worth about £34-36k


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[S32B]

I'm a believer of renting a depreciating asset and buying an appreciating one!

If you spend £36k lump sum to buy your 2 year old car, to get that £36k back over 5 years you would have to put to one side £600 per month! You can rent another S5 for that and never have to worry about MOT's, repair costs etc. By the time you got your money back on this example the car would be 7 years old...can you see yourself owning it for 7 years or longer?

 

[Liddo]

Thanks chaps, and yeah, I get you. Maybe the next S5 or updated one will be out, and even better, but at
the mo, I cant think of a better car for my needs, hence me thinking of buying it.

 

[DrEskimo]

My S5 was £47k new with the options I picked and I got it discounted to £38.5k.

After 21months and 14k I sold it to dealer for £28.5k. Might have been lucky and got a private sale at £30k, but garages were selling it for that so that’s why I decided to sell it to the dealer.

That’s 40% depreciation from RRP in just under 2yrs.

 

[Liddo]

My S5 was £47k new with the options I picked and I got it discounted to £38.5k.

After 21months and 14k I sold it to dealer for £28.5k. Might have been lucky and got a private sale at £30k, but garages were selling it for that so that’s why I decided to sell it to the dealer.

That’s 40% depreciation from RRP in just under 2yrs.

JESUS! thats a lot of depreciation Might just see what mines worth and work it out

 

[L_G]

I payed off the PCP for my A5 back in January 2013, IIRC the GFV was somewhere around £16k, the trade in price recently quoted was just under £10k so from that perspective relatively good value motoring

 

[Liddo]

I payed off the PCP for my A5 back in January 2013, IIRC the GFV was somewhere around £16k, the trade in price recently quoted was just under £10k so from that perspective relatively good value motoring

Cheers, maybe I'll get it cheap then

 

[DrEskimo]

I'm a believer of renting a depreciating asset and buying an appreciating one!

If you spend £36k lump sum to buy your 2 year old car, to get that £36k back over 5 years you would have to put to one side £600 per month! You can rent another S5 for that and never have to worry about MOT's, repair costs etc. By the time you got your money back on this example the car would be 7 years old...can you see yourself owning it for 7 years or longer?

But the S5 has value..

If you sold it in 2yrs time it would be worth about £28k..?

If you saved the £380 a month that you were giving to the Audi finance company, you would have £9k (380*24) and a S5 worth £28k...meaning it’s cost you £8k, but you have £37k in your pocket when you sell it.

If like me you essentially rented it on a 2yr PCP with £6k down and £380 per month you would be £14k down and have £0 after 2yrs. Because the car depreciates more and I’m giving Audi a chunk of my income each month, it costs more and I can’t save as much.

I’ve noticed that everyone seems to neglect the fact that someone who doesn’t lease a car, doesn’t have to pay a lease company a chunk of their income each month. They typically compare just the cost of the used car over Xyrs against the cost of a lease/PCP over Xyrs and fail to account for the extra income that the used car person has accumulated over that period.

 

[Gus Pinkman]

I think it would be better for you to re-issue your car instead of owning it. Seems like a better deal.

 

[S32B]

But the S5 has value..

If you sold it in 2yrs time it would be worth about £28k..?

If you saved the £380 a month that you were giving to the Audi finance company, you would have £9k (380*24) and a S5 worth £28k...meaning it’s cost you £8k, but you have £37k in your pocket when you sell it.

If like me you essentially rented it on a 2yr PCP with £6k down and £380 per month you would be £14k down and have £0 after 2yrs. Because the car depreciates more and I’m giving Audi a chunk of my income each month, it costs more and I can’t save as much.

I’ve noticed that everyone seems to neglect the fact that someone who doesn’t lease a car, doesn’t have to pay a lease company a chunk of their income each month. They typically compare just the cost of the used car over Xyrs against the cost of a lease/PCP over Xyrs and fail to account for the extra income that the used car person has accumulated over that period.

I know what you're saying mate, like I say everyone has their own ideas! Spend £36k lump sum today buying your pcp car, save £9k in payments over the next 2 years, then sell you car for £28k (if prices don't bomb out), add that to your £9k saved = £37k two years down the line, so you are £1k up. But then you need a car! So you start again and never get your lump sum back in the bank

If it goes out of warranty and it goes wrong you can be sure that £1k wouldn't cover the repairs!!!

I see having a nice car as my hobby/enjoyment, set a figure that you are willing to lose each month and get the best car you can for that, change it every 3 years and you don't have to worry about MOT's, repair costs etc. I know lads that blow £400 easily a month on betting, football, beer...everyone has their own ideas

 

[Blessed_Badger]

GFV given on my S5 in August was £29990. On the Audi website it’s now £27500 IIRC so they’re obviously not holding their value as well as expected. Options make no difference to value, just saleability.


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[RGBARGEE]

GFV given on my S5 in August was £29990. On the Audi website it’s now £27500 IIRC so they’re obviously not holding their value as well as expected. Options make no difference to value, just saleability.


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There is a huge amount of uncertainty at the moment in the UK with diabolical exchange rates and uncertainty about the future of our country as a result of the Tory Government going for Brexit following an advisory referendum in June 2016. This is not a political post, just a statement of fact. As long as the UKs future remains uncertain the market for EU products will remain very uncertain hence residual values reducing and new prices increasing.


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[DrEskimo]

I know what you're saying mate, like I say everyone has their own ideas! Spend £36k lump sum today buying your pcp car, save £9k in payments over the next 2 years, then sell you car for £28k (if prices don't bomb out), add that to your £9k saved = £37k two years down the line, so you are £1k up. But then you need a car! So you start again and never get your lump sum back in the bank

If it goes out of warranty and it goes wrong you can be sure that £1k wouldn't cover the repairs!!!

I see having a nice car as my hobby/enjoyment, set a figure that you are willing to lose each month and get the best car you can for that, change it every 3 years and you don't have to worry about MOT's, repair costs etc. I know lads that blow £400 easily a month on betting, football, beer...everyone has their own ideas

Haha!

I’m not sure that basing your finances off people that spend £400 each month on betting is very wise...

I don’t know mate. Having done it and calculated the cost and the position I am in now, I just wouldn’t touch one again. In the above example, if I bought used I would have £37k to get another car and I’ve only spent £7k over the last two years. If I was to start another PCP I would need to find another £6k deposit and I would have spent £14k over the last two years. It cost me double and I’m in a very bad position at the end.....is the difference between a new and 2yr old used version worth that much...?

I sort of don’t get the argument about unexpected repair bills either if I’m being brutally honest...you’re suggesting that a new car is better, because you want to avoid, say £7k, in unexpected repair bills. But the new car is 100% guaranteed to cost you £7k more over the two years...! A used car could cost you more than £7k, but it almost certainly won’t! In fact it’s very very very likely it will cost you next to nothing in out of warranty repairs. About £3k if you’re really unlucky. Extending the warranty for its fourth year would be no less than £1k anyway...

Same with the protected value argument. Unless the car drops as much as £7k in value (again, highly highly unlikely) you still are paying more on the PCP....

I’m also not comfortable with the risk involved. The new car is all great, but if the unthinkable happens and I don’t have my regular salary (illness, accident, redundancy), then I’m screwed! Car is gone and I’ve lost X amount... Happens to the best of us and can happen anytime...

Anyway sorry, just my 2ps worth. As you can tell I’ve given it a lot of thought...!

I got fed up of giving my hard earned money to finance companies and I only did it for 21months...!

 

[S32B]

Haha!

I’m not sure that basing your finances off people that spend £400 each month on betting is very wise...

I don’t know mate. Having done it and calculated the cost and the position I am in now, I just wouldn’t touch one again. In the above example, if I bought used I would have £37k to get another car and I’ve only spent £7k over the last two years. If I was to start another PCP I would need to find another £6k deposit and I would have spent £14k over the last two years. It cost me double and I’m in a very bad position at the end.....is the difference between a new and 2yr old used version worth that much...?

I sort of don’t get the argument about unexpected repair bills either if I’m being brutally honest...you’re suggesting that a new car is better, because you want to avoid, say £7k, in unexpected repair bills. But the new car is 100% guaranteed to cost you £7k more over the two years...! A used car could cost you more than £7k, but it almost certainly won’t! In fact it’s very very very likely it will cost you next to nothing in out of warranty repairs. About £3k if you’re really unlucky. Extending the warranty for its fourth year would be no less than £1k anyway...

Same with the protected value argument. Unless the car drops as much as £7k in value (again, highly highly unlikely) you still are paying more on the PCP....

I’m also not comfortable with the risk involved. The new car is all great, but if the unthinkable happens and I don’t have my regular salary (illness, accident, redundancy), then I’m screwed! Car is gone and I’ve lost X amount... Happens to the best of us and can happen anytime...

Anyway sorry, just my 2ps worth. As you can tell I’ve given it a lot of thought...!

I got fed up of giving my hard earned money to finance companies and I only did it for 21months...!

lol like I say everyone has their own ideas and thoughts on the best way to go and what suits them. I'm mortgage free so the car is my only debt, there is only my wife and me to worry about as we don't have children, so our priorities are different! They are just getting rid of 400 at our place now and no guarantees after 2021 for the rest of us! If it happens I'll buy something outright then I've been there 21 years so would get a good deal, probably buy something sporty, cheap to run & repair like the new Fiesta ST (out soon).

betting was just an example, I also know lads that spend the best part of £1k a year on season tickets for Manchester UTD, Liverpool etc, then about £60 per week to go and watch them by the time they pay for travel, food, beer, more if it's an away game! I only put £1k down on my cars and pay less than £100 per week...it's all about choices! Some people bang £100 up their nose on a night out

As for unexpected bills, my mates son had a VXR Corsa, not long after warranty bang the engine blew, cost him £5k for a new one! same happened with my mates Focus, can't remember the cost of that but it was a lot. Imagine what an Audi engine would cost?!?!?! I also like the idea of if it does go wrong, I haven't got the hassle of running around getting the best quote to get it fixed, getting a car until it's fixed and having to find the money instantly to pay for it to be fixed. Under warranty they give me a hire car and pick up the bill. I've done all the older cars years back, now I don't have to have that hassle it's nice. I work in a car factory and we say "Wouldn't want to own one of these out of warranty"...I live in the NW and work between Chester-Liverpool, so you can narrow it down from there as to what we build

My S3 drooped like a stone just before I sold it, about £1,700 in less than 3 weeks. Prior to that it had hardly moved in price for months, luckily I managed to find a sports car specialist that gave me £20,500 for it.

Mike Brewer had the best price all year up until the end: