Harps
I just replied to Griff, and said the following:
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A recent report states that X reg basic A2's are going for about £9k which they say is low-maybe not when you work out the lower price of the basic A2 and then about 2 years/24,000 miles on the clock. Give it 3 years and the price may stabilise into the predicted 3 year depreciation figures (whatever they maybe). I know one person on the forum was offered a ridiculously low trade-in price for their A2 recently, and I bet the dealer would bump the value up on the forecourt something terrible.
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There is a lot of money in cars-second hand ones. I sometimes think they subsidise the new car prices-lower manufacturer margins and increased public demand for discounts mean they make the money when the customer returns in a few years to trade it in.
I agree with you Harps-used is where the money is.
The Which report sounds promising-I think the 4Car one is a bit harsh-take a similar priced Focus or Astra and look at the value in about 2 years/24,000 miles....
Steve - 1.4SE petrol, 2002, Silver