The 'nearly new' car market is crazy at the moment partly down to long lead times caused by Covid and the global semiconductor shortage.
I bought an 8 month old Hyundai i30N Performance in March for £22,750. Having heard these crazy stories about positive depreciation, I went on to WBAC and had a look last week, and they offered me £24,710 for it. As near as makes no difference to £2k "profit" and I've put 3,000 miles on the car as well.
I have no intention of selling, and of course the values of everything else have gone up, so unless you are prepared to sit on the cash and wait, it's fairly meaningless. Never known this before though.
|
New Car Negative Depreciation :-) new
New Car Negative Depreciation :-) new
