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Old Jul 5, 2005 | 10:06 AM
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r.robertson
Joined: Nov 2003
Posts: 283
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Default Re: Used Prices increasing in Uk

Residuals prices in the UK are not good for most cars. The only car that work in line with a pre-determined value after 3 years for me was a Ctron Piccasso. I bought it for 11k and traded it (3 years later) for 6.5k. That's a drop of 136.00 per month. My 330ci bmw was purchased for 29k and sold for (private sale) 20.5k that's a drop of 354.00 per month. The lesson I learned is that for 90% of the cars I like and can afford have the biggest drop. That's why I am considering keeping the CF as a daily runner for years to come and buying a classic car that requires some work. Classic cars are only effected by there demand factor and usually sell for what they where purchased, they are exclusive and it will give me a new hobby.
 
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